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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 181.0 $ 878.0
Receivables, net of allowance for doubtful accounts of $1 million at December 31, 2019 and 2018 164.0 128.0
Inventories 265.0 273.0
Prepaid expenses and other current assets 9.0 8.0
Total current assets 619.0 1,287.0
Timber and timberlands 63.0 62.0
Property, plant and equipment, net 965.0 1,010.0
Operating lease assets 44.0 0.0
Goodwill and other intangible assets 50.0 26.0
Investments in and advances to affiliates 10.0 49.0
Restricted cash 14.0 14.0
Other assets 69.0 62.0
Deferred tax asset 1.0 4.0
Total assets 1,835.0 2,514.0
LIABILITIES AND EQUITY    
Current portion of long-term debt 0.0 5.0
Accounts payable and accrued liabilities 242.0 234.0
Income taxes payable 0.0 21.0
Current portion of contingency reserves 2.0 2.0
Total current liabilities 244.0 262.0
Long-term debt, excluding current portion 348.0 347.0
Deferred income taxes 73.0 62.0
Non-current operating lease liabilities 36.0 0.0
Contingency reserves, excluding current portion 8.0 9.0
Other long-term liabilities 125.0 134.0
Liabilities 834.0 814.0
Redeemable Noncontrolling Interest, Equity, Carrying Amount 10.0 0.0
Stockholders' equity:    
Preferred stock, $1 par value, 15,000,000 shares authorized, no shares issued 0.0 0.0
Common stock, $1 par value; 200,000,000 shares authorized; 129,665,899 shares and 111,945,021 shares issued and outstanding, respectively, as of December 31, 2019; and 153,358,542 shares 136,833,191 shares issued and outstanding, respectively, as of December 31, 2018 130.0 153.0
Additional paid-in capital 454.0 458.0
Retained earnings 966.0 1,613.0
Treasury stock, 17,720,878 shares and 16,525,351 shares, at cost as of December 31, 2019 and 2018, respectively   (378.0)
Accumulated comprehensive loss (153.0) (146.0)
Total stockholders' equity 991.0 1,700.0
Total liabilities and stockholders' equity 1,835.0 $ 2,514.0
Treasury Stock [Member]    
Stockholders' equity:    
Treasury stock, 17,720,878 shares and 16,525,351 shares, at cost as of December 31, 2019 and 2018, respectively $ (406.0)