Discontinued Operations and Disposal Groups (Tables)

9 Months Ended

Sep. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations - Income Statement

The following summarizes the major classes of line items comprising Earnings (Loss) Before Income Taxes and Equity Earnings reconciled to Discontinued Operations, net of tax, related to the Sylvamo businesses and Kwidzyn for the three months and nine months ended September 30, 2021 in the condensed consolidated statement of operations:

In millions	Three Months Ended September 30, 2021		Nine Months Ended September 30, 2021
Net Sales	$	800	$	2,416
Costs and Expenses
Cost of products sold	500		1,509
Selling and administrative expenses	92		214
Depreciation, amortization and cost of timber harvested	37		113
Distribution expenses	82		229
Taxes other than payroll and income taxes	7		24
Net (gains) losses on sales of fixed assets	(86)		(86)
Net (gains) losses on sales and impairments of businesses	(360)		(360)
Interest expense, net	10		(19)
Earnings (Loss) Before Income Taxes and Equity Earnings	518		792
Income tax provision (benefit)	86		154
Discontinued Operations, Net of Taxes	$	432	$	638

Disposal Group, Including Discontinued Operations - Cash Flow

The following summarizes the total cash provided by operations and total cash used for investing activities related to the Sylvamo businesses and Kwidzyn and included in the condensed consolidated statement of cash flows for the nine months ended September 30, 2021:

In millions	Nine Months Ended September 30, 2021
Cash Provided by (Used For) Operating Activities	$	290
Cash Provided by (Used For) Investment Activities	$	757