XML 22 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
NET SALES $ 3,773 $ 3,721 $ 3,628
COSTS AND EXPENSES      
Cost of products sold (exclusive of depreciation, amortization and cost of timber harvested shown separately below) 2,833 2,809 2,619
Selling and administrative expenses 311 343 325
Depreciation, amortization and cost of timber harvested 159 143 125
Taxes other than payroll and income taxes 26 23 23
Interest expense (income), net 39 34 69
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 405 369 467
Income tax provision 103 116 131
Net income from continuing operations 302 253 336
Discontinued Operations, net of taxes 0 0 (218)
NET INCOME $ 302 $ 253 $ 118
BASIC EARNINGS PER SHARE      
Earnings per share from continuing operations - basic $ 7.35 $ 6.02 $ 7.65
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0 0 (4.97)
Net earnings (loss) - basic (in dollars per share) 7.35 6.02 2.68
DILUTED EARNINGS PER SHARE      
Earnings per share from continuing operations - diluted 7.18 5.93 7.57
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share 0 0 (4.91)
Net earnings (loss) - diluted (in dollars per share) $ 7.18 $ 5.93 $ 2.66