REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2020

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 2020		JUNE 2019		JUNE 2020		JUNE 2019
Net sales to unaffiliated customers:
Timberlands segment
Delivered logs:
West
Domestic sales	$	71	$	104	$	158	$	205
Export grade sales		108		90		198		194
Subtotal West		179		194		356		399
South		145		156		295		315
North(1)		7		17		24		46
Subtotal delivered logs sales		331		367		675		760
Stumpage and pay-as-cut timber		5		10		10		19
Recreational and other lease revenue		16		15		31		30
Other(2)		7		9		24		23
Net sales attributable to Timberlands segment		359		401		740		832
Real Estate & ENR segment
Real estate		48		59		143		155
Energy and natural resources		17		22		34		44
Net sales attributable to Real Estate & ENR segment		65		81		177		199
Wood Products segment
Structural lumber		538		495		1,046		939
Oriented strand board		179		156		369		316
Engineered solid section		111		134		238		250
Engineered I-joists		70		86		148		156
Softwood plywood		34		44		73		88
Medium density fiberboard		33		45		77		83
Complementary building products		169		167		322		304
Other(3)		73		83		169		168
Net sales attributable to Wood Products segment		1,207		1,210		2,442		2,304
Total net sales	$	1,631	$	1,692	$	3,359	$	3,335

(1) In November 2019, we sold our Michigan timberlands and in March 2020, we sold our Montana timberlands.

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

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