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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 469 $ 358
Receivables, net of allowance for doubtful accounts of $1 million as of September 30, 2022, and December 31, 2021 171 169
Inventories 337 278
Prepaid expenses and other current assets 24 17
Current assets of discontinued operations 0 68
Total current assets 1,001 890
Timber and timberlands 39 42
Property, plant, and equipment, net 1,215 1,039
Operating lease assets 44 50
Goodwill and other intangible assets 37 39
Investments in and advances to affiliates 7 7
Restricted Cash, Noncurrent 14 13
Other assets 23 25
Deferred Tax Assets, Deferred Income 4 2
Long-term assets of discontinued operations 0 87
Total assets 2,383 2,194
LIABILITIES AND EQUITY    
Accounts payable and accrued liabilities 342 304
Accrued Income Taxes, Current 88 13
Current liabilities of discontinued operations 0 34
Total current liabilities 430 351
Long-term Debt and Lease Obligation 346 346
Deferred Income Tax Liabilities, Net 107 86
Operating Lease liability, noncurrent 40 44
Loss Contingency Accrual 26 24
Other long-term liabilities 69 63
Long-term liabilities of discontinued operations 0 42
Liabilities 1,019 955
Redeemable noncontrolling interest 3 4
Stockholders' equity:    
Common stock, $1 par value, 200,000,000 shares authorized; 87,986,865 and 71,690,061 shares issued and outstanding, respectively, as of September 30, 2022; and 102,415,883 and 85,636,154 shares issued and outstanding, respectively, as of December 31, 2021 88 102
Additional paid-in capital 459 458
Retained earnings 1,395 1,239
Treasury stock, 16,296,804 shares and 16,779,729 shares, at cost as of September 30, 2022, and December 31, 2021, respectively (390) (390)
Accumulated comprehensive loss (190) (174)
Total stockholders' equity 1,361 1,235
Total liabilities and stockholders' equity $ 2,383 $ 2,194