REVENUE RECOGNITION

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

NOTE 3: REVENUE RECOGNITION

A reconciliation of revenue recognized by our major products:

	QUARTER ENDED				YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS	SEPTEMBER 2023		SEPTEMBER 2022		SEPTEMBER 2023		SEPTEMBER 2022
Net sales to unaffiliated customers:
Timberlands segment
Delivered logs:
West
Domestic sales	$	96	$	97	$	290	$	313
Export grade sales		80		127		321		478
Subtotal West		176		224		611		791
South		155		166		485		480
North		11		15		35		40
Subtotal delivered logs sales		342		405		1,131		1,311
Stumpage and pay-as-cut timber		12		10		43		30
Recreational and other lease revenue		19		18		54		51
Other(1)		7		8		31		29
Net sales attributable to Timberlands segment		380		441		1,259		1,421
Real Estate & ENR segment
Real estate		79		30		198		217
Energy and natural resources		26		38		88		96
Net sales attributable to Real Estate & ENR segment		105		68		286		313
Wood Products segment
Structural lumber		570		676		1,658		2,880
Oriented strand board		284		287		707		1,348
Engineered solid section		216		233		600		676
Engineered I-joists		122		166		335		471
Softwood plywood		42		47		127		158
Medium density fiberboard		40		50		120		151
Complementary building products		184		222		551		676
Other(2)		79		86		257		267
Net sales attributable to Wood Products segment		1,537		1,767		4,355		6,627
Total net sales	$	2,022	$	2,276	$	5,900	$	8,361

(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.