REVENUE RECOGNITION

6 Months Ended

Jun. 30, 2019

Revenue From Contract With Customer [Abstract]

NOTE 3: REVENUE RECOGNITION

A reconciliation of revenue recognized by our major products:

	QUARTER ENDED				YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS	JUNE 2019		JUNE 2018		JUNE 2019		JUNE 2018
Net sales to unaffiliated customers:
Timberlands Segment
Delivered logs⁽¹⁾:
West
Domestic sales	$	104	$	136	$	205	$	273
Export grade sales		90		126		194		255
Subtotal West		194		262		399		528
South		156		158		315		315
North		17		20		46		45
Subtotal delivered logs sales		367		440		760		888
Stumpage and pay-as-cut timber		10		11		19		26
Recreational and other lease revenue		15		14		30		28
Other⁽²⁾		9		11		23		24
Net sales attributable to Timberlands segment		401		476		832		966
Real Estate & ENR Segment
Real estate		59		38		155		72
Energy and natural resources		22		20		44		37
Net sales attributable to Real Estate & ENR segment		81		58		199		109
Wood Products Segment
Structural lumber		495		681		939		1,250
Oriented strand board		156		277		316		509
Engineered solid section		134		139		250		268
Engineered I-joists		86		92		156		170
Softwood plywood		44		55		88		105
Medium density fiberboard		45		47		83		90
Complementary building products		167		160		304		297
Other⁽³⁾		83		80		168		166
Net sales attributable to Wood Products segment		1,210		1,531		2,304		2,855
Total net sales	$	1,692	$	2,065	$	3,335	$	3,930

(1)

In January 2019, we changed the way we report our Canadian Forestlands operations. We no longer report intersegment sales related to these operations in the Timberlands segment and now record the minimal associated third-party log sales within the Wood Products segment. Refer to Note 2: Business Segments for additional details.

(2)	Other Timberlands sales include seeds and seedlings from our nursery operations and chips.

(3)	Other Wood Products sales include chips, other byproducts and third-party residual log sales from our Canadian Forestlands operations.