Supplemental Balance Sheet Information (Tables)

9 Months Ended

Sep. 30, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Receivables

Trade receivables are primarily generated by sales of our products to our wholesale and retail customers. Receivables consisted of the following (dollar amounts in millions):

	September 30, 2025		December 31, 2024
Trade receivables	$	131	$	100
Income tax receivable	9		12
Other receivables	19		21
Allowance for doubtful accounts	(1)		(1)
Total Receivables	$	158	$	131

Schedule of Inventories

Inventory consisted of the following (dollar amounts in millions):

	September 30, 2025		December 31, 2024
Logs	$	58	$	64
Other raw materials	43		41
Semi-finished inventories	37		33
Finished products	220		220
Total Inventories	$	357	$	357

Schedule of Property, Plant and Equipment

Property, plant, and equipment, including capitalized interest, are recorded at cost and consisted of the following (dollars in millions):

	September 30, 2025		December 31, 2024
Land, land improvements, and logging roads, net of road amortization	$	221	$	217
Buildings	511		504
Machinery and equipment	2,545		2,472
Construction in progress	318		248
Property, plant, and equipment	3,595		3,441
Accumulated depreciation	(1,926)		(1,849)
Property, plant, and equipment, net	$	1,669	$	1,592

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities were as follows (dollars amounts in millions):

	September 30, 2025		December 31, 2024
Trade accounts payable	$	126	$	139
Salaries and wages payable	80		80
Accrued customer incentives	52		48
Taxes other than income taxes	8		4
Current portion of operating lease liabilities	8		8
Other accrued liabilities	6		9
Total accounts payable and accrued liabilities	$	280	$	287

Schedule of Other Long-Term Liabilities

	September 30, 2025		December 31, 2024
Post-retirement obligations	$	6	$	7
Asset retirement obligations	9		9
Uncertain tax positions	13		13
Warranty reserves	5		5
Pension benefit obligation	1		2
Other	20		21
Total other long-term liabilities	$	55	$	57