CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Statement of Cash Flows [Abstract]
NET INCOME	$ 221	$ 204
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation, amortization and cost of timber harvested	115	105
Deferred income tax provision (benefit), net	(4)	4
Stock-based compensation	17	21
Changes in operating assets and liabilities and other:
Accounts and notes receivable	(28)	99
Inventories	(21)	(46)
Accounts payable and accrued liabilities	16	(122)
Other	(11)	72
CASH PROVIDED BY OPERATING ACTIVITIES	305	337
INVESTMENT ACTIVITIES
Invested in capital projects	(157)	(147)
Acquisition of business, net of cash acquired	0	(167)
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES	(157)	(314)
FINANCING ACTIVITIES
Dividends paid	(43)	(32)
Issuance of debt	250	443
Reduction of debt	(285)	(482)
Repurchases of common stock	(30)	(53)
Other	(6)	(7)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	(114)	(131)
Effect of Exchange Rate Changes on Cash	(6)	2
Change in Cash, Temporary Investments and Restricted Cash	28	(106)
Beginning of the period	280	360
End of the period	$ 308	$ 254