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CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Statement of Cash Flows [Abstract]    
NET INCOME $ 42 $ 126
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, amortization and cost of timber harvested 85 76
Deferred income tax provision (benefit), net (5) 0
Stock-based compensation 13 12
Changes in operating assets and liabilities and other:    
Accounts and notes receivable 77 (7)
Inventories 0 (20)
Accounts payable and accrued liabilities (79) (26)
Other (46) (19)
CASH PROVIDED BY OPERATING ACTIVITIES 87 142
INVESTMENT ACTIVITIES    
Payments to Acquire Productive Assets (114) (113)
CASH USED FOR INVESTMENT ACTIVITIES (114) (113)
FINANCING ACTIVITIES    
Dividends paid (36) (25)
Issuance of debt 48 16
Reduction of debt (40) (54)
Repurchases of common stock (40) (30)
Other (8) (2)
CASH USED FOR FINANCING ACTIVITIES (76) (95)
Effect of Exchange Rate Changes on Cash 11 (9)
Change in Cash, Temporary Investments and Restricted Cash (92) (75)
Beginning of the period 205 280
End of the period $ 113 $ 205