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CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
NET SALES $ 846 $ 965 $ 2,461 $ 2,803
COSTS AND EXPENSES        
Cost of products sold (exclusive of depreciation, amortization and cost of timber harvested shown separately below) 624 700 1,926 2,100
Selling and administrative expenses 68 74 213 230
Depreciation, amortization and cost of timber harvested 49 39 134 115
Taxes other than payroll and income taxes 8 6 19 21
Interest (income) expense, net 9 14 28 32
Income before income taxes 88 132 141 305
Income tax provision 31 37 42 84
NET INCOME $ 57 $ 95 $ 99 $ 221
EARNINGS PER SHARE        
Basic $ 1.43 $ 2.32 $ 2.45 $ 5.37
Diluted $ 1.41 $ 2.27 $ 2.42 $ 5.26