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Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2022
Accounting Policies [Abstract] |
Schedule of Cash and Cash Equivalents | CASH, CASH EQUIVALENTS AND RESTRICTED CASH We consider all highly liquid instruments with maturities of three months or less to be cash equivalents. Cash that is held by a third party and has restrictions on its availability to us is classified as restricted cash. The following table provides a reconciliation of cash and cash equivalents and restricted cash reported on the Consolidated Balance Sheets to the sum of those same amounts shown in our Consolidated Statements of Cash Flows.
| December 31,
| 2022 | 2021 | 2020
Cash and cash equivalents | $ | 53.7 |  | $ | 25.2 |  | $ | 35.9 |
Restricted cash included in Other current assets | 0.7 |  | — |  | — |
Restricted cash included in Other assets, net | — |  | 1.1 |  | 1.1 |
Total cash, cash equivalents and restricted cash | $ | 54.4 |  | $ | 26.2 |  | $ | 36.9 |
Schedule of Accounts, Notes, Loans and Financing Receivable | ACCOUNTS RECEIVABLE Receivables consist of:
| December 31,
| 2022 |  | 2021
Trade accounts receivable | $ | 167.6 |  |  | $ | 154.1 |
Allowance for current expected credit losses | (1.4) |  |  | (1.4) |
Unbilled receivables | 9.1 |  |  | 7.2 |
Taxes receivable | 10.6 |  |  | 6.1 |
Other | 2.9 |  |  | 1.4 |
| $ | 188.8 |  |  | $ | 167.4 |
Schedule of Inventory, Current | INVENTORIES Our inventories are stated at the lower of net realizable value or current cost using the average cost method.
| December 31,
| 2022 |  | 2021
Logs, chips and sawdust | $ | 23.6 |  |  | $ | 13.7 |
Pulp | 16.8 |  |  | 15.9 |
Paperboard and tissue products | 171.9 |  |  | 148.0 |
Materials and supplies | 111.7 |  |  | 100.1 |
| $ | 324.0 |  |  | $ | 277.7 |
Property, Plant and Equipment | PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment are stated at cost, including assets acquired under finance lease obligations, and any interest costs capitalized, less accumulated depreciation. Depreciation of buildings, equipment and other depreciable assets is determined using the straight-line method. Estimated useful lives generally range from 10 to 40 years for land improvements, 10 to 40 years for buildings and improvements and 2 to 25 years for machinery and equipment (includes office and other equipment).
| December 31,
| 2022 |  | 2021
Land and land improvements | $ | 106.1 |  |  | $ | 109.1 |
Buildings and improvements | 456.8 |  |  | 452.5 |
Machinery and equipment | 2,346.5 |  |  | 2,377.5 |
Construction in progress | 23.9 |  |  | 22.4 |
| 2,933.4 |  |  | 2,961.5 |
Less accumulated depreciation and amortization | (1,916.3) |  |  | (1,879.7) |
Property, plant and equipment, net | $ | 1,017.1 |  |  | $ | 1,081.8 |
Accounts Payable and Accrued Liabilities | ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
| December 31,
| 2022 | 2021
Trade payables | $ | 213.0 |  | $ | 156.2 |
Accrued compensation | 41.9 |  | 29.3 |
Operating lease liabilities | 12.0 |  | 16.1 |
Other | 44.2 |  | 50.8 |
| $ | 311.1 |  | $ | 252.5 |
Schedule of Asset Retirement Obligations | The following table represents the activity associated with our asset retirement obligations.
| For The Years Ended December 31,
| 2022 |  | 2021
Beginning balance | $ | 2.0 |  |  | $ | 3.8 |
Accretion expense | — |  |  | 0.1 |
Adjusted to other operating charges, net | — |  |  | (1.8) |
Payments made | (0.1) |  |  | (0.1) |
Ending balance | $ | 1.9 |  |  | $ | 2.0 |
The reduction to our asset retirement obligations for the year ended December 31, 2021 relates to the sale of assets discussed in Note 8, "Other Operating Charges, net".

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