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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Cash Flows [Abstract]      
Net income $ 132 $ 302 $ 253
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and cost of timber harvested 179 159 143
Deferred income tax provision (benefit), net 7 (7) 0
Stock-based compensation 18 23 23
Goodwill and Intangible Asset Impairment 11 0 0
Changes in operating assets and liabilities and other      
Accounts and notes receivable 33 (47) 104
Inventories (14) 25 6
Accounts payable and accrued liabilities (52) 42 (73)
Other (46) (28) 48
CASH PROVIDED BY OPERATING ACTIVITIES 268 469 504
INVESTING ACTIVITIES      
Invested in capital projects (224) (221) (210)
Acquisition of business 0 0 (167)
CASH USED FOR INVESTING ACTIVITIES (224) (221) (377)
FINANCING ACTIVITIES      
Dividends paid (73) (62) (57)
Issuance of debt 229 250 446
Reduction of debt (182) (407) (526)
Repurchases of common stock (82) (69) (70)
Other (17) (22) (12)
CASH USED FOR FINANCING ACTIVITIES (125) (310) (219)
Effect of Exchange Rate Changes on Cash 11 (13) 12
Change in Cash, Temporary Investments and Restricted Cash (70) (75) (80)
Beginning of the period 205 280 360
End of the period $ 135 $ 205 $ 280