REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Revenue by Major Products

A reconciliation of revenue recognized by our major products:

	QUARTER ENDED				YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS	JUNE 2023		JUNE 2022		JUNE 2023		JUNE 2022
Net sales to unaffiliated customers:
Timberlands segment
Delivered logs:
West
Domestic sales	$	101	$	103	$	194	$	216
Export grade sales		105		205		241		351
Subtotal West		206		308		435		567
South		162		160		330		314
North		7		10		24		25
Subtotal delivered logs sales		375		478		789		906
Stumpage and pay-as-cut timber		15		11		31		20
Recreational and other lease revenue		17		16		35		33
Other(1)		10		10		24		21
Net sales attributable to Timberlands segment		417		515		879		980
Real Estate & ENR segment
Real estate		47		90		119		187
Energy and natural resources		33		27		62		58
Net sales attributable to Real Estate & ENR segment		80		117		181		245
Wood Products segment
Structural lumber		573		998		1,088		2,204
Oriented strand board		215		497		423		1,061
Engineered solid section		215		247		384		443
Engineered I-joists		126		168		213		305
Softwood plywood		44		53		85		111
Medium density fiberboard		42		53		80		101
Complementary building products		204		239		367		454
Other(2)		81		86		178		181
Net sales attributable to Wood Products segment		1,500		2,341		2,818		4,860
Total net sales	$	1,997	$	2,973	$	3,878	$	6,085

(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.