REVENUE RECOGNITION

9 Months Ended

Sep. 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	SEPTEMBER 2019		SEPTEMBER 2018		SEPTEMBER 2019		SEPTEMBER 2018
Net sales to unaffiliated customers:
Timberlands Segment
Delivered logs⁽¹⁾:
West
Domestic sales	$	86	$	125	$	291	$	398
Export grade sales		86		113		280		368
Subtotal West		172		238		571		766
South		168		157		483		472
North		24		25		70		70
Subtotal delivered logs sales		364		420		1,124		1,308
Stumpage and pay-as-cut timber		10		13		29		39
Recreational and other lease revenue		15		16		45		44
Other⁽²⁾		9		10		32		34
Net sales attributable to Timberlands segment		398		459		1,230		1,425
Real Estate & ENR Segment
Real estate		45		76		200		148
Energy and natural resources		24		20		68		57
Net sales attributable to Real Estate & ENR segment		69		96		268		205
Wood Products Segment
Structural lumber		487		581		1,426		1,831
Oriented strand board		159		215		475		724
Engineered solid section		138		132		388		400
Engineered I-joists		90		91		246		261
Softwood plywood		42		53		130		158
Medium density fiberboard		44		48		127		138
Complementary building products		162		152		466		449
Other⁽³⁾		82		83		250		249
Net sales attributable to Wood Products segment		1,204		1,355		3,508		4,210
Total net sales	$	1,671	$	1,910	$	5,006	$	5,840

(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.