BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Sales and Net Contribution (Charge) to Earnings

Sales and Net Contribution (Charge) to Earnings

DOLLAR AMOUNTS IN MILLIONS
	TIMBERLANDS		REAL ESTATE & ENR		WOOD PRODUCTS		UNALLOCATED ITEMS AND INTERSEGMENT ELIMINATIONS			CONSOLIDATED
Sales to unaffiliated customers
2021	$	1,636	$	344	$	8,221	$	—		$	10,201
2020	$	1,466	$	276	$	5,790	$	—		$	7,532
2019	$	1,618	$	313	$	4,623	$	—		$	6,554
Intersegment sales
2021	$	535	$	—	$	—	$	(535	)	$	—
2020	$	471	$	—	$	—	$	(471	)	$	—
2019	$	503	$	1	$	—	$	(504	)	$	—
Net contribution (charge) to earnings
2021	$	464	$	210	$	3,211	$	(256	)	$	3,629
2020	$	455	$	86	$	1,340	$	(456	)	$	1,425
2019	$	347	$	144	$	353	$	(679	)	$	165

Reconciliation of Net Contribution to Earnings to Net Earnings (Loss)

Reconciliation of Net Contribution to Earnings to Net Earnings (Loss)

DOLLAR AMOUNTS IN MILLIONS
	2021			2020			2019
Net contribution to earnings	$	3,629		$	1,425		$	165
Interest expense, net of capitalized interest		(313	)		(443	)		(378	)
Income (loss) before income taxes		3,316			982			(213	)
Income taxes		(709	)		(185	)		137
Net earnings (loss)	$	2,607		$	797		$	(76	)

Additional Financial Information

Additional Financial Information

DOLLAR AMOUNTS IN MILLIONS
	TIMBERLANDS		REAL ESTATE & ENR		WOOD PRODUCTS		UNALLOCATED ITEMS		CONSOLIDATED
Depreciation, depletion and amortization
2021	$	261	$	15	$	196	$	5	$	477
2020	$	257	$	14	$	195	$	6	$	472
2019	$	301	$	14	$	191	$	4	$	510
Capital expenditures
2021	$	114	$	—	$	320	$	7	$	441
2020	$	104	$	—	$	176	$	1	$	281
2019	$	112	$	—	$	257	$	15	$	384

Total Assets

Total Assets

DOLLAR AMOUNTS IN MILLIONS
	TIMBERLANDS AND REAL ESTATE & ENR		WOOD PRODUCTS		UNALLOCATED ITEMS		CONSOLIDATED
Total assets(1)
2021	$	12,737	$	2,891	$	2,024	$	17,652
2020	$	12,874	$	2,619	$	818	$	16,311

(1) Assets attributable to the Real Estate & ENR business segment are combined with total assets for the Timberlands segment as we do not produce separate balance sheets internally.