REVENUE RECOGNITION (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue by Major Products

A reconciliation of revenue recognized by our major products:

	QUARTER ENDED
DOLLAR AMOUNTS IN MILLIONS	MARCH 2024		MARCH 2023
Net sales to unaffiliated customers:
Timberlands segment
Delivered logs:
West
Domestic sales	$	94	$	93
Export grade sales		82		136
Subtotal West		176		229
South		151		168
North		13		17
Subtotal delivered logs sales		340		414
Stumpage and pay-as-cut timber		11		16
Recreational and other lease revenue		19		18
Other(1)		17		14
Net sales attributable to Timberlands segment		387		462
Real Estate & ENR segment
Real estate		83		72
Energy and natural resources		24		29
Net sales attributable to Real Estate & ENR segment		107		101
Wood Products segment
Structural lumber		464		515
Oriented strand board		255		208
Engineered solid section		177		169
Engineered I-joists		99		87
Softwood plywood		41		41
Medium density fiberboard		39		38
Complementary building products		141		163
Other(2)		86		97
Net sales attributable to Wood Products segment		1,302		1,318
Total net sales	$	1,796	$	1,881

(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.