CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2026	Dec. 31, 2025
Current Assets
Cash and temporary investments	$ 93	$ 86
Accounts and notes receivable, net	303	348
Contract assets	26	19
Inventories	369	261
Assets held for sale	502	289
Other current assets	86	73
Total Current Assets	1,379	1,076
Plants, Properties and Equipment, net	928	841
Forestlands	392	364
Goodwill	121	114
Right of Use Assets	54	41
Long-Term Assets Held for Sale	0	237
Deferred Charges and Other Assets	77	88
TOTAL ASSETS	2,951	2,761
Current Liabilities
Accounts payable	283	267
Notes payable and current maturities of long-term debt	139	88
Accrued payroll and benefits	51	38
Liabilities held for sale	454	171
Other current liabilities	138	152
Total Current Liabilities	1,065	716
Long-Term Debt	861	758
Deferred Income Taxes	148	174
Long-Term Liabilities Held for Sale	0	22
Other Liabilities	137	125
Commitments and Contingent Liabilities (Note 12)
Equity
Common stock $1.00 par value, 200.0 shares authorized, 46.0 shares and 45.6 shares issued and 39.8 shares and 39.4 shares outstanding at September 30, 2026 and December 31, 2025, respectively	46	46
Paid-in capital	102	89
Retained earnings	2,247	2,514
Accumulated other comprehensive loss	(1,319)	(1,353)
Stockholders' equity before treasury stock	1,076	1,296
Less: Common stock held in treasury, at cost, 6.2 shares and 6.2 shares at September 30, 2026 and December 31, 2025, respectively	(336)	(330)
Total Equity	740	966
TOTAL LIABILITIES AND EQUITY	$ 2,951	$ 2,761