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CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income Statement [Abstract]        
NET SALES $ 645 $ 662 $ 1,827 $ 1,906
COSTS AND EXPENSES        
Cost of products sold (exclusive of depreciation, amortization and cost of timber harvested shown separately below) 440 443 1,346 1,360
Selling and administrative expenses 82 61 212 190
Depreciation, amortization and cost of timber harvested 36 41 105 110
Taxes other than payroll and income taxes 5 5 15 14
Interest expense, net 11 7 30 24
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 71 105 119 208
Income tax provision (benefit) (14) 34 2 48
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent 85 71 117 160
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent (284) (14) (330) (61)
NET INCOME (LOSS) $ (199) $ 57 $ (213) $ 99
BASIC EARNINGS (LOSS) PER SHARE        
Earnings per share from continuing operations - basic $ 2.14 $ 1.78 $ 2.95 $ 3.96
Discontinued operations, net of taxes (7.14) (0.35) (8.32) (1.51)
Net earnings (loss) (5.00) 1.43 (5.37) 2.45
Earnings Per Share, Diluted [Abstract]        
Earnings per share from continuing operations - diluted 2.13 1.76 2.93 3.92
Discontinued operations, net of taxes (7.11) (0.35) (8.26) (1.49)
Net earnings (loss) $ (4.98) $ 1.41 $ (5.33) $ 2.43