A reconciliation of our business segment information to the respective information in the Consolidated Statement of Operations is as follows:
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QUARTER ENDED |
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YEAR-TO-DATE ENDED |
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DOLLAR AMOUNTS IN MILLIONS |
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JUNE 2024 |
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JUNE 2023 |
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JUNE 2024 |
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JUNE 2023 |
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Sales to unaffiliated customers: |
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Timberlands |
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$ |
409 |
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$ |
417 |
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$ |
796 |
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$ |
879 |
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Real Estate & ENR |
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109 |
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80 |
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216 |
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181 |
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Wood Products |
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1,421 |
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1,500 |
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2,723 |
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2,818 |
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1,939 |
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1,997 |
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3,735 |
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3,878 |
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Intersegment sales: |
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Timberlands |
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146 |
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150 |
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280 |
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292 |
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Total sales |
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2,085 |
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2,147 |
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4,015 |
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4,170 |
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Intersegment eliminations |
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(146 |
) |
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(150 |
) |
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(280 |
) |
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(292 |
) |
Total |
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$ |
1,939 |
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$ |
1,997 |
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$ |
3,735 |
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$ |
3,878 |
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Net contribution (charge) to earnings: |
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Timberlands |
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$ |
81 |
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$ |
104 |
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$ |
161 |
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$ |
224 |
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Real Estate & ENR |
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59 |
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52 |
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119 |
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105 |
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Wood Products |
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196 |
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218 |
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324 |
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313 |
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336 |
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374 |
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604 |
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642 |
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Unallocated items(1) |
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(63 |
) |
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(49 |
) |
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(130 |
) |
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(78 |
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Net contribution to earnings |
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273 |
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325 |
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474 |
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564 |
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Interest expense, net of capitalized interest |
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(67 |
) |
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(70 |
) |
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(134 |
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(136 |
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Earnings before income taxes |
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206 |
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255 |
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340 |
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428 |
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Income taxes |
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(33 |
) |
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(25 |
) |
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(53 |
) |
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(47 |
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Net earnings |
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$ |
173 |
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$ |
230 |
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$ |
287 |
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$ |
381 |
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(1)Unallocated items are gains or charges not related to, or allocated to, an individual operating segment. They include all or a portion of items such as share-based compensation, pension and post-employment costs, elimination of intersegment profit in inventory and LIFO, foreign exchange transaction gains and losses, interest income and other.
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