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Accounting Policies (Tables)

12 Months Ended

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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