Segment and Geographical Information Segment and Geographical Information (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Segment Reporting Information, by Segment

Segment information for each of the three years ended December 31, 2013 follows (in millions of dollars):



	Sales
	2013			2012			2011
Forest Resources (a)	$	382		$	230		$	215
Real Estate (b)	149			57			71
Performance Fibers	1,042			1,093			1,020
Other Operations	138			105			122
Intersegment Eliminations	(3		)	(2		)	(7		)
Total	$	1,708		$	1,483		$	1,421


(a)	2013 included $146 million in sales from the consolidation of the New Zealand JV. See Note 4 — Joint Venture Investment.


(b)	2013 included a fourth quarter sale of approximately 128,000 acres of New York timberland holdings for $57 million.



	Operating Income/(Loss)
	2013			2012			2011
Forest Resources	$	81		$	46		$	47
Real Estate	56			32			47
Performance Fibers	311			359			298
Other Operations	2			—			1
Corporate and other (a)	(27		)	(36		)	(36		)
Total	$	423		$	401		$	357


(a)	2013 included a $16 million gain related to the consolidation of the New Zealand JV. See Note 4 — Joint Venture Investment. 2011 included a $7 million increase in a disposition reserve.



	Gross Capital Expenditures
	2013		2012		2011
Forest Resources (a)	$	83	$	156	$	468
Performance Fibers (b)	242		309		140
Wood Products (c)	—		2		3
Corporate and other	—		1		2
Total assets acquired	$	325	$	468	$	613
Less: Assumption of loan for timberlands acquisition	—		—		(105		)
Total capital expenditures	$	325	$	468	$	508


(a)	Includes strategic timberland acquisitions of $107 million and $426 million (including assumption of a $105 million loan) in 2012 and 2011, respectively.


(b)	Includes $141 million, $201 million, and $43 million of strategic capital expenditures related to the Jesup mill CSE in 2013, 2012 and 2011, respectively.


(c)	The Company sold its Wood Products segment during the first quarter of 2013. See Note 3— Sale of Wood Products Business for additional information.



	Depreciation, Depletion and Amortization
	2013		2012		2011
Forest Resources (a)	$	99	$	75	$	63
Real Estate	17		8		12
Performance Fibers	75		61		56
Corporate and other	—		2		2
Total	$	191	$	146	$	133


(a)	2013 included an increase of approximately $27 million in depletion expense related to the consolidation of the New Zealand JV. See Note 4 — Joint Venture Investment.



	Total Assets
	2013		2012
Forest Resources (a)	$	2,163	$	1,690
Real Estate	149		113
Performance Fibers	1,079		902
Wood Products (b)	—		18
Other Operations	37		23
Corporate and other	258		377
Total	$	3,686	$	3,123


(a)	2013 included an increase in total assets of approximately $577 million related to the consolidation of the New Zealand JV. See Note 4 — Joint Venture Investment.


(b)	The Company sold its Wood Products segment during the first quarter of 2013. See Note 3— Sale of Wood Products Business for additional information.



	Sales by Product Line
	2013		2012		2011
Forest Resources (a)	$	382	$	230	$	215
Real Estate
Development	4		2		4
Rural	37		39		33
Non-Strategic Timberlands (b)	108		16		34
Total Real Estate	149		57		71
Performance Fibers
Cellulose specialties	930		935		824
Viscose/other (c)	39		—		—
Absorbent materials	73		158		196
Total Performance Fibers	1,042		1,093		1,020
Other	135		103		115
Total Sales	$	1,708	$	1,483	$	1,421


(a)	2013 included $146 million in sales from the consolidation of the New Zealand JV. See Note 4 — Joint Venture Investment.


(b)	2013 included a fourth quarter sale of approximately 128,000 acres of New York timberland holdings for $57 million.


(c)	Beginning in the third quarter of 2013, viscose and commodity grades are being produced as the Company begins its multi-year transition to producing only cellulose specialties.



	Geographical Operating Information
	Sales						Operating Income						Identifiable Assets
	2013		2012		2011		2013		2012		2011		2013		2012
United States	$	1,428	$	1,379	$	1,310	$	394	$	399	$	351	$	3,077	$	3,022
New Zealand	280		104		111		29		2		6		609		101
Total	$	1,708	$	1,483	$	1,421	$	423	$	401	$	357	$	3,686	$	3,123

Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country



	Geographical Operating Information
	Sales						Operating Income						Identifiable Assets
	2013		2012		2011		2013		2012		2011		2013		2012
United States	$	1,428	$	1,379	$	1,310	$	394	$	399	$	351	$	3,077	$	3,022
New Zealand	280		104		111		29		2		6		609		101
Total	$	1,708	$	1,483	$	1,421	$	423	$	401	$	357	$	3,686	$	3,123



	Sales by Destination
	2013		%	2012		%	2011		%
United States	$	818	48	$	690	47	$	669	47
China	351		20	281		19	277		19
Japan	150		9	170		11	159		11
New Zealand	157		9	18		1	22		2
Europe	79		5	182		12	173		12
Other Asia	82		5	68		5	55		4
Latin America	60		3	53		4	36		3
Canada	1		—	4		—	9		1
All other	10		1	17		1	21		1
Total Sales	$	1,708	100	$	1,483	100	$	1,421	100

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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