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CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
NET SALES $ 933 $ 919 $ 1,838 $ 1,860
COSTS AND EXPENSES        
Cost of products sold (exclusive of depreciation, amortization and cost of timber harvested shown separately below) 684 721 1,400 1,390
Selling and administrative expenses 82 76 156 159
Depreciation, amortization and cost of timber harvested 37 34 76 69
Taxes other than payroll and income taxes 8 6 15 12
Interest (income) expense, net 9 12 18 19
Income before income taxes 113 70 173 211
Income tax provision 30 21 47 65
NET INCOME $ 83 $ 49 $ 126 $ 146
EARNINGS PER SHARE        
Net earnings (loss), basic (in dollars per share) $ 2.02 $ 1.16 $ 3.06 $ 3.44
Net earnings (loss), diluted (in dollars per share) $ 1.98 $ 1.14 $ 3.00 $ 3.40