Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	Year Ended December 31,
	2022		2021		2020
Domestic	$	961	$	1,491	$	503
Foreign	198		212		102
Total	$	1,159	$	1,704	$	605

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Year Ended December 31,
	2022		2021		2020
Current tax provision:
U.S. federal	$	180	$	284	$	74
State and local	51		56		16
Foreign	42		56		29
Net current tax provision	273		396		119
Deferred tax provision (benefit):
U.S. federal	(1)		2		(3)
State and local	(4)		—		8
Foreign	12		4		(2)
Net valuation allowance increase (decrease)	(6)		—		(1)
Net deferred tax provision	1		6		2
Total income tax provision	$	274	$	402	$	121

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of significant temporary differences creating deferred tax assets and liabilities were (dollars in millions):

	December 31,
	2022		2021
Accrued liabilities	$	20	$	20
Research expenditures	14		—
Inventories	9		8
Operating lease liabilities	7		8
Stock-based compensation	6		4
Benefit relating to capital loss, NOL carryforwards, and credit carryforwards	6		7
Pension and post-retirement benefits	1		4
Other	8		9
Total deferred tax assets	71		60
Valuation allowance	(4)		(10)
Total deferred tax asset after valuation allowance	67		50
Property, plant, and equipment	(152)		(112)
Timber and timberlands	(7)		(8)
Operating lease assets	(7)		(8)
Investment in Entekra	(7)		(6)
Total deferred tax liabilities	(173)		(134)
Net deferred tax liabilities	(106)		(84)
Balance sheet classification
Long-term deferred tax asset	7		2
Long-term deferred tax liability	(113)		(86)
	$	(106)	$	(84)

Summary of Tax Credit Carryforwards [Table Text Block]

The benefit relating to capital loss, operating loss, and credit carryforwards included in the above table at December 31, 2022, consisted of (dollars in millions):

	Operating Loss		Benefit Amount		Valuation Allowance		Expiration Beginning in
State credit carryforwards	$	—	$	1	$	—	2034
Chile operating loss carryforwards	8		2		—		No expiration
Canadian capital loss carryforwards	—		4		(4)		No expiration
Total	$	8	$	7	$	(4)

We periodically review the need for valuation allowances against deferred tax assets and recognize these deferred tax assets to the extent that their realization is more likely than not. As part of our review, we consider all positive and negative evidence, including earnings history, the future reversal of deferred tax liabilities, and the relevant expirations of carryforwards. We believe that the valuation allowances provided are appropriate. If future years’ earnings differ from the estimates used to establish these valuation allowances, or other objective positive or negative evidence arises, we may record an adjustment to the valuation allowance resulting in an impact on tax provision (benefit) for that period.

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Reconciliation of the U.S. federal statutory tax rates to the total effective tax rates from continuing operations (dollars in millions):

	Year Ended December 31,
	2022		2021		2020
U.S. federal tax rate	21	%	21	%	21	%
State and local income taxes net of federal benefit	3		3		3
Effect of foreign tax rates	1		1		1
Uncertain tax positions	—		—		(4)
Other, net	(1)		(1)		(1)
Effective tax rate (%)	24	%	24	%	20	%

Summary of Income Tax Contingencies [Table Text Block]

Tabular reconciliation of the total amount of unrecognized tax benefits at the beginning and end of the years presented (dollars in millions): 

	December 31,
	2022		2021		2020
Beginning balance	$	9	$	11	$	38
Increases:
Tax positions taken in current year	1		1		1
Tax positions taken in prior years	—		—		1
Decreases:
Lapse of statute in current year	(4)		(3)		(29)
Ending balance	$	6	$	9	$	11