Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2022 (dollar amounts in millions):

	Three Months Ended September 30,		Nine Months Ended September 30,
	2022		2022
Net sales	$	67	$	455
Cost of sales	(54)		(352)
Gross profit	13		103
Selling, general, and administrative expenses	(2)		(12)
Income from operations of discontinued operations	12		91
Gain on disposal before income taxes	118		158
Income from discontinued operations before income taxes	130		249
Provision for income taxes	(33)		(53)
Income from discontinued operations, net of income taxes	$	97	$	196

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 nine months ended September 30, 2022 (dollar amounts in millions):

Net cash provided by discontinued operating activities	$	18
Net cash provided by discontinued investing activities	$	258