REVENUE RECOGNITION

9 Months Ended

Sep. 30, 2022

Revenue From Contract With Customer [Abstract]

REVENUE RECOGNITION

NOTE 3: REVENUE RECOGNITION

A reconciliation of revenue recognized by our major products:

	QUARTER ENDED				YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS	SEPTEMBER 2022		SEPTEMBER 2021		SEPTEMBER 2022		SEPTEMBER 2021
Net sales to unaffiliated customers:
Timberlands segment
Delivered logs:
West
Domestic sales	$	97	$	76	$	313	$	235
Export grade sales		127		150		478		414
Subtotal West		224		226		791		649
South		166		153		480		429
North		15		13		40		38
Subtotal delivered logs sales		405		392		1,311		1,116
Stumpage and pay-as-cut timber		10		9		30		22
Recreational and other lease revenue		18		16		51		48
Other(1)		8		6		29		21
Net sales attributable to Timberlands segment		441		423		1,421		1,207
Real Estate & ENR segment
Real estate		30		45		217		212
Energy and natural resources		38		24		96		73
Net sales attributable to Real Estate & ENR segment		68		69		313		285
Wood Products segment
Structural lumber		676		681		2,880		3,020
Oriented strand board		287		470		1,348		1,513
Engineered solid section		233		183		676		491
Engineered I-joists		166		128		471		315
Softwood plywood		47		45		158		170
Medium density fiberboard		50		52		151		143
Complementary building products		222		211		676		595
Other(2)		86		83		267		256
Net sales attributable to Wood Products segment		1,767		1,853		6,627		6,503
Total net sales	$	2,276	$	2,345	$	8,361	$	7,995

(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.