Discontinued Operations and Disposal Groups (Tables)

12 Months Ended

Dec. 31, 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 Corporation businesses and Kwidzyn for all prior periods presented in the consolidated statement of operations:

In millions	2021		2020
Net Sales	$	2,417	$	3,015
Costs and Expenses
Cost of products sold	1,508		2,036
Selling and administrative expenses	224		165
Depreciation, amortization and cost of timber harvested	113		196
Distribution expenses	229		264
Taxes other than payroll and income taxes	24		35
Net (gains) losses on sales of fixed assets	(86)		—
Net (gains) losses on sales and impairments of businesses	(351)		—
Interest expense, net	(19)		(2)
Earnings (Loss) Before Income Taxes and Equity Earnings	775		321
Income tax provision (benefit)	145		69
Discontinued Operations, Net of Taxes	$	630	$	252

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 Corporation businesses and Kwidzyn and included in the consolidated statement of cash flows:

In millions	2021		2020
Cash Provided by (Used For) Operating Activities	$	290	$	463
Cash Provided by (Used For) Investment Activities	$	757	$	(111)