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Discontinued Operations (Tables) | 6 Months Ended
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Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The following table presents the financial results of the EWP segment (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Net sales | $ | 218 |  |  | $ | 158 |  |  | $ | 388 |  |  | $ | 280 |
Cost of sales | (171) |  |  | (136) |  |  | (299) |  |  | (248) |
Gross profit | 48 |  |  | 22 |  |  | 89 |  |  | 33 |
Selling, general, and administrative expenses | (6) |  |  | (4) |  |  | (9) |  |  | (9) |
Income from operations of discontinued operations | 42 |  |  | 18 |  |  | 80 |  |  | 25 |
Other non-operating items | — |  |  | (3) |  |  | — |  |  | (5) |
Gain on disposal before income taxes | — |  |  | — |  |  | 39 |  |  | — |
Income from discontinued operations before income taxes | 42 |  |  | 15 |  |  | 119 |  |  | 19 |
Provision for income taxes | (5) |  |  | (4) |  |  | (20) |  |  | (5) |
Income from discontinued operations, net of income taxes | $ | 37 |  |  | $ | 11 |  |  | $ | 99 |  |  | $ | 14 |
The following summarizes the total cash provided by operations and total cash used for investing activities related to the EWP segment and included in the Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2022 and 2021 (in millions):
| Six Months Ended June 30,
| 2022 |  | 2021
Net cash provided by discontinued operating activities | $ | 46 |  |  | $ | 4 |
Net cash provided by (used in) discontinued investing activities | $ | 56 |  |  | $ | (3) |
The following table presents the aggregate carrying amounts of discontinued operations related to the EWP segment in the Condensed Consolidated Balance Sheets (in millions):
| June 30, 2022 |  | December 31, 2021
Carrying amounts of assets included as part of discontinued operations: |  |  |
Accounts receivable, net | $ | 36 |  |  | $ | 22 |
Inventories | 54 |  |  | 46 |
Timber and timberlands | 27 |  |  | 42 |
Property, plant, and equipment, net | 30 |  |  | 30 |
Operating lease assets | 1 |  |  | 1 |
Investments in and advances to affiliates | — |  |  | 14 |
Total assets classified as discontinued operations in the condensed consolidated balance sheet | $ | 148 |  |  | $ | 156 |
Carrying amounts of liabilities included as part of discontinued operations: |  |  |
Accounts payable and accrued liabilities | $ | 42 |  |  | $ | 34 |
Other liabilities | 27 |  |  | 42 |
Total liabilities classified as discontinued operations in the condensed consolidated balance sheet | $ | 69 |  |  | $ | 76 |

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