CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Statement of Cash Flows [Abstract]
NET INCOME	$ 126	$ 146
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation, amortization and cost of timber harvested	76	69
Deferred income tax provision (benefit), net	0	4
Stock-based compensation	12	15
Changes in operating assets and liabilities and other:
Accounts and notes receivable	(7)	91
Inventories	(20)	(60)
Accounts payable and accrued liabilities	(26)	(147)
Other	(19)	22
CASH PROVIDED BY OPERATING ACTIVITIES	142	140
INVESTMENT ACTIVITIES
Invested in capital projects	(113)	(105)
Acquisition of business, net of cash acquired	0	(167)
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES	(113)	(272)
FINANCING ACTIVITIES
Dividends paid	(25)	(21)
Issuance of debt	16	437
Reduction of debt	(54)	(443)
Repurchases of common stock	(30)	(40)
Other	(2)	(6)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	(95)	(73)
Effect of Exchange Rate Changes on Cash	(9)	9
Change in Cash, Temporary Investments and Restricted Cash	(75)	(196)
Beginning of the period	280	360
End of the period	$ 205	$ 164