XML 28 R13.htm IDEA: XBRL DOCUMENT v3.25.2
RESTRUCTURING CHARGES, NET
6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES, NET RESTRUCTURING CHARGES, NET
During the three months and six months ended June 30, 2025, the Company recorded restructuring charges of $7 million and $85 million, respectively, for costs associated with the permanent closure of our Red River containerboard mill in Campti, Louisiana. Included in the restructuring charges were severance charges of $17 million for the six months ended June 30, 2025, the majority of which have been paid, inventory charges of $3 million and $25 million for the three months and six months ended June 30, 2025, respectively, and other costs of $4 million and $43 million for the three months and six months ended June 30, 2025, respectively.
Additionally, the Company recorded restructuring charges of $32 million and $37 million during the three months and six months ended June 30, 2025, respectively, for other costs related to our 80/20 strategic approach.