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Supplemental Balance Sheet Information | 9 Months Ended
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Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Supplemental Balance Sheet Information | SUPPLEMENTAL BALANCE SHEET INFORMATION Receivables Trade receivables are primarily generated by sales of our products to our wholesale and retail customers. Receivables consisted of the following (dollar amounts in millions):
| September 30, 2025 |  | December 31, 2024
Trade receivables | $ | 131 |  |  | $ | 100 |
Income tax receivable | 9 |  |  | 12 |
Other receivables | 19 |  |  | 21 |
Allowance for doubtful accounts | (1) |  |  | (1) |
Total Receivables | $ | 158 |  |  | $ | 131 |
Other receivables as of September 30, 2025, and December 31, 2024, primarily consisted of sales tax receivables, vendor rebates, and other miscellaneous receivables. Inventories Inventories are valued at the lower of cost or net realizable value. Inventory cost includes materials, labor, and operating overhead. The first-in, first-out or average cost methods are used to value our inventories as of September 30, 2025. Inventory consisted of the following (dollar amounts in millions):
| September 30, 2025 |  | December 31, 2024
Logs | $ | 58 |  |  | $ | 64 |
Other raw materials | 43 |  |  | 41 |
Semi-finished inventories | 37 |  |  | 33 |
Finished products | 220 |  |  | 220 |
Total Inventories | $ | 357 |  |  | $ | 357 |
Property, Plant, and Equipment Property, plant, and equipment, including capitalized interest, are recorded at cost and consisted of the following (dollars in millions):
| September 30, 2025 |  | December 31, 2024
Land, land improvements, and logging roads, net of road amortization | $ | 221 |  |  | $ | 217 |
Buildings | 511 |  |  | 504 |
Machinery and equipment | 2,545 |  |  | 2,472 |
Construction in progress | 318 |  |  | 248 |
Property, plant, and equipment | 3,595 |  |  | 3,441 |
Accumulated depreciation | (1,926) |  |  | (1,849) |
Property, plant, and equipment, net | $ | 1,669 |  |  | $ | 1,592 |
Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities were as follows (dollars amounts in millions):
| September 30, 2025 |  | December 31, 2024
Trade accounts payable | $ | 126 |  |  | $ | 139 |
Salaries and wages payable | 80 |  |  | 80 |
Accrued customer incentives | 52 |  |  | 48 |
Taxes other than income taxes | 8 |  |  | 4 |
Current portion of operating lease liabilities | 8 |  |  | 8 |
Other accrued liabilities | 6 |  |  | 9 |
Total accounts payable and accrued liabilities | $ | 280 |  |  | $ | 287 |
Other accrued liabilities at September 30, 2025, and December 31, 2024, primarily consisted of accrued interest, workers' compensation liabilities, and warranty reserves. Additionally, trade accounts payable included $22 million and $32 million related to capital expenditures that had not yet been paid as of September 30, 2025, and December 31, 2024, respectively. Other Long-Term Liabilities
| September 30, 2025 |  | December 31, 2024
Post-retirement obligations | $ | 6 |  |  | $ | 7 |
Asset retirement obligations | 9 |  |  | 9 |
Uncertain tax positions | 13 |  |  | 13 |
Warranty reserves | 5 |  |  | 5 |
Pension benefit obligation | 1 |  |  | 2 |
Other | 20 |  |  | 21 |
Total other long-term liabilities | $ | 55 |  |  | $ | 57 |
Other long-term liabilities at September 30, 2025 and December 31, 2024, consisted primarily of workers’ compensation liabilities and investment tax incentives associated with property, plant, and equipment. See “Note 11. Product Warranties” below for further information regarding our product warranty claims.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
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