REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2021

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 2021		JUNE 2020		JUNE 2021		JUNE 2020
Net sales to unaffiliated customers:
Timberlands segment
Delivered logs:
West
Domestic sales	$	80	$	71	$	159	$	158
Export grade sales		142		108		264		198
Subtotal West		222		179		423		356
South		145		145		276		295
North		9		7		25		24
Subtotal delivered logs sales		376		331		724		675
Stumpage and pay-as-cut timber		7		5		13		10
Recreational and other lease revenue		16		16		32		31
Other(1)		6		7		15		24
Net sales attributable to Timberlands segment		405		359		784		740
Real Estate & ENR segment
Real estate		83		48		167		143
Energy and natural resources		27		17		49		34
Net sales attributable to Real Estate & ENR segment		110		65		216		177
Wood Products segment
Structural lumber		1,349		538		2,339		1,046
Oriented strand board		605		179		1,043		369
Engineered solid section		166		111		308		238
Engineered I-joists		104		70		187		148
Softwood plywood		69		34		125		73
Medium density fiberboard		43		33		91		77
Complementary building products		213		169		384		322
Other(2)		80		73		173		169
Net sales attributable to Wood Products segment		2,629		1,207		4,650		2,442
Total net sales	$	3,144	$	1,631	$	5,650	$	3,359

(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.