REVENUE RECOGNITION

3 Months Ended

Mar. 31, 2023

Revenue From Contract With Customer [Abstract]

REVENUE RECOGNITION

NOTE 3: REVENUE RECOGNITION

A reconciliation of revenue recognized by our major products:

	QUARTER ENDED
DOLLAR AMOUNTS IN MILLIONS	MARCH 2023		MARCH 2022
Net sales to unaffiliated customers:
Timberlands segment
Delivered logs:
West
Domestic sales	$	93	$	113
Export grade sales		136		146
Subtotal West		229		259
South		168		154
North		17		15
Subtotal delivered logs sales		414		428
Stumpage and pay-as-cut timber		16		9
Recreational and other lease revenue		18		17
Other(1)		14		11
Net sales attributable to Timberlands segment		462		465
Real Estate & ENR segment
Real estate		72		97
Energy and natural resources		29		31
Net sales attributable to Real Estate & ENR segment		101		128
Wood Products segment
Structural lumber		515		1,206
Oriented strand board		208		564
Engineered solid section		169		196
Engineered I-joists		87		137
Softwood plywood		41		58
Medium density fiberboard		38		48
Complementary building products		163		215
Other(2)		97		95
Net sales attributable to Wood Products segment		1,318		2,519
Total net sales	$	1,881	$	3,112

(1)Other Timberlands sales include 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.