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REVENUE RECOGNITION (Tables)
12 Months Ended
Dec. 31, 2022
Revenue From Contract With Customer [Abstract]  
Revenue by Major Products

A Reconciliation of Revenue Recognized by our Major Products:

 

DOLLAR AMOUNTS IN MILLIONS

 

 

 

 

 

 

 

 

 

 

 

2022

 

 

2021

 

 

2020

 

Net sales to unaffiliated customers:

 

 

 

 

 

 

 

 

 

Timberlands segment

 

 

 

 

 

 

 

 

 

Delivered logs:

 

 

 

 

 

 

 

 

 

West

 

 

 

 

 

 

 

 

 

Domestic sales

 

$

414

 

 

$

308

 

 

$

329

 

Export grade sales

 

 

590

 

 

 

561

 

 

 

391

 

Subtotal West

 

 

1,004

 

 

 

869

 

 

 

720

 

South

 

 

645

 

 

 

589

 

 

 

573

 

North

 

 

56

 

 

 

52

 

 

 

52

 

Subtotal delivered logs sales

 

 

1,705

 

 

 

1,510

 

 

 

1,345

 

Stumpage and pay-as-cut timber

 

 

46

 

 

 

31

 

 

 

19

 

Recreational and other lease revenue

 

 

68

 

 

 

65

 

 

 

63

 

Other(1)

 

 

39

 

 

 

30

 

 

 

39

 

Net sales attributable to Timberlands segment

 

 

1,858

 

 

 

1,636

 

 

 

1,466

 

Real Estate & ENR segment

 

 

 

 

 

 

 

 

 

Real estate

 

 

235

 

 

 

246

 

 

 

202

 

Energy and natural resources

 

 

133

 

 

 

98

 

 

 

74

 

Net sales attributable to Real Estate & ENR segment

 

 

368

 

 

 

344

 

 

 

276

 

Wood Products segment

 

 

 

 

 

 

 

 

 

Structural lumber

 

 

3,374

 

 

 

3,721

 

 

 

2,602

 

Oriented strand board

 

 

1,578

 

 

 

1,840

 

 

 

1,013

 

Engineered solid section

 

 

862

 

 

 

679

 

 

 

505

 

Engineered I-joists

 

 

573

 

 

 

447

 

 

 

316

 

Softwood plywood

 

 

193

 

 

 

210

 

 

 

171

 

Medium density fiberboard

 

 

192

 

 

 

186

 

 

 

171

 

Complementary building products

 

 

840

 

 

 

790

 

 

 

676

 

Other(2)

 

 

346

 

 

 

348

 

 

 

336

 

Net sales attributable to Wood Products segment

 

 

7,958

 

 

 

8,221

 

 

 

5,790

 

Total

 

$

10,184

 

 

$

10,201

 

 

$

7,532

 

(1)
Other Timberlands sales includes sales of seeds and seedlings from our nursery operations as well as wood chips.
(2)
Other Wood Products sales include wood chips, other byproducts and third-party residual log sales from our Canadian Forestlands operations.