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CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
NET SALES $ 806 $ 794 $ 1,561 $ 1,615
COSTS AND EXPENSES        
Cost of products sold (exclusive of depreciation, amortization and cost of timber harvested shown separately below) 674 640 1,304 1,302
Selling and administrative expenses 69 72 142 145
Depreciation, amortization and cost of timber harvested 43 45 84 85
Taxes other than payroll and income taxes 8 7 16 11
Interest expense, net 11 10 20 19
INCOME (LOSS) BEFORE INCOME TAXES 1 20 (5) 53
Income tax provision 12 5 9 11
NET INCOME (LOSS) $ (11) $ 15 $ (14) $ 42
Earnings Per Share, Basic [Abstract]        
Earnings (loss) per share - basic $ (0.28) $ 0.37 $ (0.35) $ 1.03
Earnings (loss) per share - diluted $ (0.28) $ 0.37 $ (0.35) $ 1.02