CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Cash Flows [Abstract]
NET INCOME	$ 43	$ 97
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation, amortization and cost of timber harvested	39	35
Deferred income tax provision (benefit), net	2	5
Stock-based compensation	7	7
Changes in operating assets and liabilities and other:
Accounts and notes receivable	8	82
Inventories	(5)	(81)
Accounts payable and accrued liabilities	(45)	(100)
Other	(22)	18
CASH PROVIDED BY OPERATING ACTIVITIES	27	63
INVESTMENT ACTIVITIES
Invested in capital projects	(60)	(61)
Acquisition of business, net of cash acquired	0	(167)
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES	(60)	(228)
FINANCING ACTIVITIES
Dividends paid	(12)	(10)
Issuance of debt	6	427
Reduction of debt	(17)	(407)
Repurchases of common stock	(5)	(10)
Other	(7)	(8)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	(35)	(8)
Effect of Exchange Rate Changes on Cash	(3)	4
Change in Cash, Temporary Investments and Restricted Cash	(71)	(169)
Beginning of the period	280	360
End of the period	$ 209	$ 191