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BUSINESS SEGMENTS - Reconciliation of Business Segment Information in Consolidated Statement of Operations (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Segment Reporting, Revenue Reconciling Item    
Sales to unaffiliated customers $ 3,112 $ 2,506
Net contribution (charge) to earnings 1,328 949
Interest expense, net of capitalized interest (72) (79)
Loss on debt extinguishment (276) 0
Earnings before income taxes 980 870
Income taxes (209) (189)
Net earnings 771 681
Operating Segments    
Segment Reporting, Revenue Reconciling Item    
Sales to unaffiliated customers 3,273 2,640
Net contribution (charge) to earnings 1,445 1,014
Intersegment eliminations    
Segment Reporting, Revenue Reconciling Item    
Sales to unaffiliated customers (161) (134)
Unallocated items    
Segment Reporting, Revenue Reconciling Item    
Net contribution (charge) to earnings (117) (65)
Timberlands    
Segment Reporting, Revenue Reconciling Item    
Sales to unaffiliated customers 465 379
Timberlands | Operating Segments    
Segment Reporting, Revenue Reconciling Item    
Sales to unaffiliated customers 465 379
Net contribution (charge) to earnings 182 108
Timberlands | Intersegment eliminations    
Segment Reporting, Revenue Reconciling Item    
Sales to unaffiliated customers 161 134
Real Estate & ENR    
Segment Reporting, Revenue Reconciling Item    
Sales to unaffiliated customers 128 106
Real Estate & ENR | Operating Segments    
Segment Reporting, Revenue Reconciling Item    
Sales to unaffiliated customers 128 106
Net contribution (charge) to earnings 81 66
Wood Products    
Segment Reporting, Revenue Reconciling Item    
Sales to unaffiliated customers 2,519 2,021
Wood Products | Operating Segments    
Segment Reporting, Revenue Reconciling Item    
Sales to unaffiliated customers 2,519 2,021
Net contribution (charge) to earnings $ 1,182 $ 840