Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 317	$ 222
Receivables, net of allowance for doubtful accounts of $2 as of June 30, 2024 and December 31, 2023	161	155
Inventories	373	378
Prepaid expenses and other current assets	32	23
Total current assets	883	778
Timber and timberlands	30	32
Property, plant, and equipment, net	1,542	1,540
Operating lease assets	22	25
Goodwill and other intangible assets	26	27
Investments in and advances to affiliates	1	5
Other assets	20	20
Deferred Tax Assets, Deferred Income	5	11
Total assets	2,529	2,437
LIABILITIES AND EQUITY
Accounts payable and accrued liabilities	258	254
Accrued Income Taxes, Current	3	5
Total current liabilities	261	259
Long-term Debt and Lease Obligation	347	347
Deferred Income Tax Liabilities, Net	158	162
Operating Lease liability, noncurrent	23	25
Loss Contingency Accrual	25	25
Other long-term liabilities	57	61
Liabilities	871	880
Stockholders' equity:
Common stock, $1 par value, 200 shares authorized; 87 and 71 shares issued and outstanding, respectively, as of June 30, 2024; and 88 and 72 shares issued and outstanding, respectively, as of December 31, 2023	87	88
Additional paid-in capital	471	465
Retained earnings	1,595	1,479
Treasury stock, 16 shares at cost as of June 30, 2024 and December 31, 2023	(385)	(386)
Accumulated comprehensive loss	(109)	(89)
Total stockholders' equity	1,658	1,557
Total liabilities and stockholders' equity	$ 2,529	$ 2,437
Treasury Stock, Shares	16,000,000	16,000,000