Consolidated Statement of Operations - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Net Sales	[1]	$ 5,020	$ 5,237
Costs and Expenses
Cost of products sold		3,642	3,839
Selling and administrative expenses		381	341
Depreciation, amortization and cost of timber harvested		241	261
Distribution expenses		422	424
Taxes other than payroll and income taxes		36	36
Net (gains) losses on mark to market investments		0	(46)
Interest expense, net		62	69
Non-operating pension expense (income)		15	(49)
Earnings (loss) from continuing operations before income taxes and equity earnings		221	362
Income tax provision (benefit)		48	95
Equity earnings (loss), net of taxes		(1)	0
Earnings (Loss) From Continuing Operations		172	267
Discontinued operations, net of taxes		0	93
Net income (loss)		$ 172	$ 360
Basic Earnings (Loss) Per Share
Basic earnings (loss) per share from continuing operations		$ 0.49	$ 0.71
Discontinued operations, net of taxes		0	0.25
Earnings Per Share, Basic, Total		0.49	0.96
Diluted Earnings (Loss) Per Share
Diluted earnings (loss) per share from continuing operations		0.49	0.70
Discontinued operations, net of taxes		0	0.25
Earnings Per Share, Diluted, Total		$ 0.49	$ 0.95
Average Shares of Common Stock Outstanding – assuming dilution		353.3	379.2

[1] Net sales are attributed to countries based on the location of the seller.