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CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
NET SALES $ 794 $ 933 $ 1,615 $ 1,838
COSTS AND EXPENSES        
Cost of products sold (exclusive of depreciation, amortization and cost of timber harvested shown separately below) 640 684 1,302 1,400
Selling and administrative expenses 72 82 145 156
Depreciation, amortization and cost of timber harvested 45 37 85 76
Taxes other than payroll and income taxes 7 8 11 15
Interest (income) expense, net 10 9 19 18
Income before income taxes 20 113 53 173
Income tax provision 5 30 11 47
NET INCOME $ 15 $ 83 $ 42 $ 126
EARNINGS PER SHARE        
Basic $ 0.37 $ 2.02 $ 1.03 $ 3.06
Diluted $ 0.37 $ 1.98 $ 1.02 $ 3.00