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CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Cash Flows [Abstract]    
NET INCOME $ 27 $ 43
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, amortization and cost of timber harvested 40 39
Deferred income tax provision (benefit), net 0 2
Stock-based compensation 6 7
Changes in operating assets and liabilities and other:    
Accounts and notes receivable 30 8
Inventories 4 (5)
Accounts payable and accrued liabilities (63) (45)
Other (21) (22)
CASH PROVIDED BY OPERATING ACTIVITIES 23 27
INVESTMENT ACTIVITIES    
Payments to Acquire Productive Assets (48) (60)
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES (48) (60)
FINANCING ACTIVITIES    
Dividends paid (18) (12)
Issuance of debt 23 6
Reduction of debt (11) (17)
Repurchases of common stock (20) (5)
Other (5) (7)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES (31) (35)
Effect of Exchange Rate Changes on Cash 5 (3)
Change in Cash, Temporary Investments and Restricted Cash (51) (71)
Beginning of the period 205 280
End of the period $ 154 $ 209