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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 160 $ 369
Receivables, net of allowance for doubtful accounts of $3 million and $1 million as of September 30, 2023, and December 31, 2022, respectively 181 127
Inventories 379 337
Prepaid expenses and other current assets 25 20
Total current assets 745 854
Timber and timberlands 32 40
Property, plant, and equipment, net 1,512 1,326
Operating lease assets 34 44
Goodwill and other intangible assets 27 36
Investments in and advances to affiliates 6 6
Restricted Cash, Noncurrent 0 14
Other assets 19 24
Deferred Tax Assets, Deferred Income 4 7
Total assets 2,380 2,350
LIABILITIES AND EQUITY    
Accounts payable and accrued liabilities 264 317
Accrued Income Taxes, Current 2 19
Total current liabilities 266 336
Long-term Debt and Lease Obligation 347 346
Deferred Income Tax Liabilities, Net 152 113
Operating Lease liability, noncurrent 35 41
Loss Contingency Accrual 25 26
Other long-term liabilities 53 53
Liabilities 878 916
Redeemable noncontrolling interest 0 0
Stockholders' equity:    
Common stock, $1 par value, 200,000,000 shares authorized; 87,986,865 and 72,114,051 shares issued and outstanding, respectively, as of September 30, 2023; and 87,986,865 and 71,748,200 shares issued and outstanding, respectively, as of December 31, 2022 88 88
Additional paid-in capital 460 462
Retained earnings 1,438 1,371
Treasury stock, 15,872,814 shares and 16,238,665 shares, at cost as of September 30, 2023, and December 31, 2022, respectively (387) (388)
Accumulated comprehensive loss (98) (99)
Total stockholders' equity 1,502 1,433
Total liabilities and stockholders' equity $ 2,380 $ 2,350