Discontinued Operations and Disposal Groups (Tables)

6 Months Ended

Jun. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations - Income Statement

The following summarizes the major classes of line items comprising Earnings (Loss) Before Income Taxes and Equity Earnings reconciled to Discontinued Operations, net of tax, related to the Sylvamo businesses and Kwidzyn for the three months and six months ended June 30, 2021 in the condensed consolidated statement of operations:

In millions	Three Months Ended June 30, 2021		Six Months Ended June 30, 2021
Net Sales	$	846	$	1,617
Costs and Expenses
Cost of products sold	510		1,009
Selling and administrative expenses	63		122
Depreciation, amortization and cost of timber harvested	35		76
Distribution expenses	77		147
Taxes other than payroll and income taxes	9		18
Interest expense, net	(29)		(30)
Earnings (Loss) Before Income Taxes and Equity Earnings	181		275
Income tax provision (benefit)	57		69
Discontinued Operations, Net of Taxes	$	124	$	206

Disposal Group, Including Discontinued Operations - Cash Flow

The following summarizes the total cash provided by operations and total cash used for investing activities related to the Sylvamo businesses and Kwidzyn and included in the condensed consolidated statement of cash flows for the six months ended June 30, 2021:

In millions	Six Months Ended June 30, 2021
Cash Provided by (Used For) Operating Activities	$	198
Cash Provided by (Used For) Investment Activities	$	(35)