Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 244	$ 222
Receivables, net of allowance for doubtful accounts of $2 as of March 31, 2024 and December 31, 2023.	180	155
Inventories	398	378
Prepaid expenses and other current assets	19	23
Total current assets	842	778
Timber and timberlands	31	32
Property, plant, and equipment, net	1,533	1,540
Operating lease assets	24	25
Goodwill and other intangible assets	27	27
Investments in and advances to affiliates	6	5
Other assets	20	20
Deferred Tax Assets, Deferred Income	5	11
Total assets	2,487	2,437
LIABILITIES AND EQUITY
Accounts payable and accrued liabilities	242	254
Accrued Income Taxes, Current	11	5
Total current liabilities	254	259
Long-term Debt and Lease Obligation	347	347
Deferred Income Tax Liabilities, Net	162	162
Operating Lease liability, noncurrent	24	25
Loss Contingency Accrual	25	25
Other long-term liabilities	57	61
Liabilities	869	880
Stockholders' equity:
Common stock, $1 par value, 200 shares authorized; 88 and 72 shares issued and outstanding, respectively, as of March 31, 2024 and December 31, 2023	88	88
Additional paid-in capital	465	465
Retained earnings	1,555	1,479
Treasury stock, 16 shares at cost as of March 31, 2024 and December 31, 2023	(386)	(386)
Accumulated comprehensive loss	(104)	(89)
Total stockholders' equity	1,617	1,557
Total liabilities and stockholders' equity	$ 2,487	$ 2,437