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CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
NET SALES $ 965 $ 897 $ 2,803 $ 2,757
COSTS AND EXPENSES        
Cost of products sold (exclusive of depreciation, amortization and cost of timber harvested shown separately below) 700 665 2,100 2,055
Selling and administrative expenses 74 89 230 248
Depreciation, amortization and cost of timber harvested 39 36 115 105
Taxes other than payroll and income taxes 6 7 21 19
Interest (income) expense, net 14 9 32 28
Income before income taxes 132 91 305 302
Income tax provision 37 33 84 98
NET INCOME $ 95 $ 58 $ 221 $ 204
EARNINGS PER SHARE        
Net earnings (loss), basic (in dollars per share) $ 2.32 $ 1.39 $ 5.37 $ 4.83
Net earnings (loss), diluted (in dollars per share) $ 2.27 $ 1.37 $ 5.26 $ 4.77