REVENUE RECOGNITION (Tables)

3 Months Ended

Mar. 31, 2022

Revenue From Contract With Customer [Abstract]

Revenue by Major Products

A reconciliation of revenue recognized by our major products:

	QUARTER ENDED
DOLLAR AMOUNTS IN MILLIONS	MARCH 2022		MARCH 2021
Net sales to unaffiliated customers:
Timberlands segment
Delivered logs:
West
Domestic sales	$	113	$	79
Export grade sales		146		122
Subtotal West		259		201
South		154		131
North		15		16
Subtotal delivered logs sales		428		348
Stumpage and pay-as-cut timber		9		6
Recreational and other lease revenue		17		16
Other(1)		11		9
Net sales attributable to Timberlands segment		465		379
Real Estate & ENR segment
Real estate		97		84
Energy and natural resources		31		22
Net sales attributable to Real Estate & ENR segment		128		106
Wood Products segment
Structural lumber		1,206		990
Oriented strand board		564		438
Engineered solid section		196		142
Engineered I-joists		137		83
Softwood plywood		58		56
Medium density fiberboard		48		48
Complementary building products		215		171
Other(2)		95		93
Net sales attributable to Wood Products segment		2,519		2,021
Total net sales	$	3,112	$	2,506

(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.