Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table presents the financial results of the EWP segment for the three months ended March 31, 2022 (dollar amounts in millions):

	Three Months Ended March 31, 2022
Net sales	$	170
Cost of sales	(129)
Gross profit	41
Selling, general, and administrative expenses	(3)
Income from operations of discontinued operations	38
Other non-operating items	—
Gain on disposal before income taxes	39
Income from discontinued operations before income taxes	77
Provision for income taxes	(15)
Income from discontinued operations, net of income taxes	$	62

The following summarizes the total cash provided by operations and total cash provided by investing activities related to the EWP segment and included in the Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2022 (dollar amounts in millions):

Net cash provided by discontinued operating activities	$	13
Net cash provided by discontinued investing activities	$	59