Domtar (UFS) 10-Q 5 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2022 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
No Trading Symbol Flag	true
Entity Registrant Name	DOMTAR CORPORATION
Entity Central Index Key	0001381531
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Small Business	false
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding	0
Entity File Number	001-33164
Entity Tax Identification Number	20-5901152
Entity Address, Address Line One	234 Kingsley Park Drive
Entity Address, City or Town	Fort Mill
Entity Address, State or Province	SC
Entity Address, Postal Zip Code	29715
City Area Code	803
Local Phone Number	802-7500
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	None

Consolidated Statements of Earn

Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Sales	$ 1,087	$ 916	$ 2,097	$ 1,787
Operating expenses
Cost of sales, excluding depreciation and amortization	881	719	1,713	1,470
Depreciation and amortization	61	50	127	100
Selling, general and administrative	69	67	138	131
Impairment of long-lived assets (NOTE 10)		1		7
Closure and restructuring costs (NOTE 10)		7		10
Asset conversion costs (NOTE 10)	12	5	25	13
Transaction costs (NOTE 4)	3	18	6	18
Other operating (income) loss, net	(5)	1	(3)	(1)
Operating expenses	1,021	868	2,006	1,748
Operating income from continuing operations	66	48	91	39
Interest expense, net	24	20	45	35
Non-service components of net periodic benefit cost (NOTE 6)	(17)	(6)	(26)	(12)
Earnings before income taxes	59	34	72	16
Income tax expense (NOTE 7)	13	11	16	8
Earnings from continuing operations	46	23	56	8
Earnings from discontinued operations, net of taxes (NOTE 3)	5	14	18
Net earnings	51	37	74	8
Net derivative (losses) gains on cash flow hedges:
Net (losses) gains arising during the period, net of tax of $2 and $(3), respectively (2021 – $(5) and $(8), respectively)	(7)	18	10	27
Less: Reclassification adjustment for gains included in net earnings, net of tax of $2 and $2, respectively (2021 – $3 and $2, respectively)	(4)	(12)	(6)	(14)
Foreign currency translation adjustments	(20)	12	(7)	84
Change in unrecognized gains and prior service cost related to pension and post-retirement benefit plans, net of tax of $(4) and $(4), respectively (2021 – $(7) and $(8), respectively)	11	20	11	25
Other comprehensive (loss) income	(20)	38	8	122
Comprehensive income	$ 31	$ 75	$ 82	$ 130

Consolidated Statements of Ea_2

Consolidated Statements of Earnings and Comprehensive Income (Parenthetical) (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Net gains (losses) arising during the period, tax	$ 2	$ (5)	$ (3)	$ (8)
Reclassification adjustment for losses included in net earnings (loss), net, tax	2	3	2	2
Change in unrecognized (losses) gains and prior service cost related to pension and post-retirement benefit plans, tax	$ (4)	$ (7)	$ (4)	$ (8)

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents, including restricted cash of nil and $250	$ 189	$ 286
Receivables, less allowances of $4 and $4	527	463
Inventories (NOTE 8)	648	663
Prepaid expenses	51	44
Income and other taxes receivable	51	59
Assets held for sale (NOTE 3)		287
Total current assets	1,466	1,802
Property, plant and equipment, net	2,708	2,524
Operating lease right-of-use assets (NOTE 9)	51	48
Intangible assets, net	23	207
Other assets	291	273
Total assets	4,539	4,854
Current liabilities
Trade and other payables	611	543
Income and other taxes payable	36	11
Operating lease liabilities due within one year (NOTE 9)	18	19
Long-term debt due within one year (NOTE 11)	7	259
Liabilities held for sale (NOTE 3)		63
Total current liabilities	672	895
Long-term debt (NOTE 11)	1,531	1,643
Operating lease liabilities (NOTE 9)	33	36
Deferred income taxes and other	498	525
Other liabilities and deferred credits	184	216
Commitments and contingencies (NOTE 13)
Shareholders' equity
Additional paid-in capital	1,555	1,555
Retained earnings (deficit)	34	(40)
Accumulated other comprehensive income	32	24
Total shareholders' equity	1,621	1,539
Total liabilities and shareholders' equity	$ 4,539	$ 4,854

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) (Unaudited) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Statement Of Financial Position [Abstract]
Restricted cash		$ 250
Receivables, allowances	$ 4	$ 4
Common stock, par value	$ 0.01	$ 0.01
Common Stock, Shares outstanding	100	100
Common stock, shares issued	100	100

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Additional Paid-in Capital	(Deficit) Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Balance at Dec. 31, 2020	$ 2,260	$ 1	$ 1,717	$ 846	$ (304)
Balance, Shares at Dec. 31, 2020		55.2
Stock-based compensation, net of tax	6		6
Stock-based compensation, net of tax, shares		0.3
Net earnings	8			8
Net derivative (losses) gains on cash flow hedges:
Net losses arising during the period, net of tax	27				27
Less: Reclassification adjustment for gains included in net earnings, net of tax	(14)				(14)
Foreign currency translation adjustments	84				84
Change in unrecognized gains and prior service cost related to pension and post-retirement benefit plans, net of tax	25				25
Stock repurchase	(223)		(223)
Stock repurchase, shares		(5.1)
Balance at Jun. 30, 2021	2,173	$ 1	1,500	854	(182)
Balance, Shares at Jun. 30, 2021		50.4
Balance at Mar. 31, 2021	2,091	$ 1	1,493	817	(220)
Balance, Shares at Mar. 31, 2021		50.2
Stock-based compensation, net of tax	7		7
Stock-based compensation, net of tax, shares		0.2
Net earnings	37			37
Net derivative (losses) gains on cash flow hedges:
Net losses arising during the period, net of tax	18				18
Less: Reclassification adjustment for gains included in net earnings, net of tax	(12)				(12)
Foreign currency translation adjustments	12				12
Change in unrecognized gains and prior service cost related to pension and post-retirement benefit plans, net of tax	20				20
Balance at Jun. 30, 2021	2,173	$ 1	1,500	854	(182)
Balance, Shares at Jun. 30, 2021		50.4
Balance at Dec. 31, 2021	1,539		1,555	(40)	24
Net earnings	74			74
Net derivative (losses) gains on cash flow hedges:
Net losses arising during the period, net of tax	10				10
Less: Reclassification adjustment for gains included in net earnings, net of tax	(6)				(6)
Foreign currency translation adjustments	(7)				(7)
Change in unrecognized gains and prior service cost related to pension and post-retirement benefit plans, net of tax	11				11
Balance at Jun. 30, 2022	1,621		1,555	34	32
Balance at Mar. 31, 2022	1,590		1,555	(17)	52
Net earnings	51			51
Net derivative (losses) gains on cash flow hedges:
Net losses arising during the period, net of tax	(7)				(7)
Less: Reclassification adjustment for gains included in net earnings, net of tax	(4)				(4)
Foreign currency translation adjustments	(20)				(20)
Change in unrecognized gains and prior service cost related to pension and post-retirement benefit plans, net of tax	11				11
Balance at Jun. 30, 2022	$ 1,621		$ 1,555	$ 34	$ 32

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement Of Stockholders Equity [Abstract]
Net gains (losses) arising during the period, tax	$ 2	$ (5)	$ (3)	$ (8)
Reclassification adjustment for losses (gains) included in net earnings loss, net, tax	2	3	2	2
Change in unrecognized (losses) gains and prior service cost related to pension and post-retirement benefit plans, tax	$ (4)	$ (7)	$ (4)	$ (8)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating activities
Net earnings	$ 74	$ 8
Adjustments to reconcile net earnings to cash flows from operating activities
Depreciation and amortization	127	117
Deferred income taxes and tax uncertainties (NOTE 7)	(6)	(4)
Impairment of long-lived assets (NOTE 10)		7
Net loss on disposition of discontinued operations (NOTE 3)		33
Stock-based compensation expense		4
Make-whole premium on repayment of long-term debt		11
Other	(1)	6
Changes in assets and liabilities, excluding the effect of sale of businesses
Receivables	8	(137)
Inventories	(23)	18
Prepaid expenses	9	1
Trade and other payables	23	32
Income and other taxes	36	12
Difference between employer pension and other post-retirement contributions and pension and other post-retirement expense	(23)	(8)
Other assets and other liabilities	(5)	(10)
Cash flows from operating activities	219	90
Investing activities
Additions to property, plant and equipment	(211)	(122)
Proceeds from disposals of property, plant and equipment	23	1
Proceeds from sale of businesses, net of cash disposed (NOTE 3)	237	897
Cash flows provided from investing activities	49	776
Financing activities
Stock repurchase		(223)
Net repayments under revolving credit facility	(115)
Issuance of long-term debt, net of debt issue costs	127
Repayments of long-term debt, including make-whole premium	(374)	(606)
Other	(2)
Cash flows used for financing activities	(364)	(829)
Net (decrease) increase in cash and cash equivalents	(96)	37
Impact of foreign exchange on cash	(1)
Cash and cash equivalents at beginning of period	286	309
Cash and cash equivalents at end of period	189	346
Supplemental cash flow information
Interest	58	37
Income taxes	$ 6	$ 1

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	NOTE 1. _________________ BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and, in the opinion of Management, include all adjustments that are necessary for the fair statement of Domtar Corporation’s (“the Company”) financial position, results of operations, and cash flows for the interim periods presented. Results for the first six months of the year may not necessarily be indicative of full-year results. It is suggested that these consolidated financial statements be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Domtar Corporation Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as filed with the Securities and Exchange Commission. The December 31, 2021 Consolidated Balance Sheet, presented for comparative purposes in this interim report, was derived from audited consolidated financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. On November 30, 2021, Paper Excellence completed the acquisition of all the outstanding common shares of Domtar Corporation by means of a merger of Pearl Merger Sub (a wholly-owned subsidiary) with and into the Company with the Company continuing as the surviving corporation and as a subsidiary of Paper Excellence (the “Merger”). See Note 4 “Acquisition of business” for additional information on the Merger. For purposes of the Company’s financial statement presentation, Pearl Merger Sub was determined to be the accounting acquirer in the Merger which was accounted for using the acquisition method of accounting. The application of the acquisition method of accounting resulted in a new basis of accounting basis of the Company’s assets and liabilities which are measured at fair value as of the date of the Merger. The Company’s consolidated financial statements for the period following the closing of the Merger are labeled “Successor” and reflect the Company’s assets and liabilities at their fair values. All periods prior to the closing of the Merger reflect the historical accounting basis of the Company’s assets and liabilities and are labeled “Predecessor.” As a condition to obtain the approval of the Merger from the Canadian Competition Bureau, the Company was required to commit to the divestiture of its Kamloops, British Columbia production facility within a short period of time following the Merger. Such divestiture occurred on June 1, 2022 as described in Note 3. Certain reclassifications have been made to the prior year’s presentation to conform to the current year presentation.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2022
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 2. _________________ RECENT ACCOUNTING PRONOUNCEMENTS FUTURE ACCOUNTING CHANGES TRANSITION AWAY FROM INTERBANK OFFERED RATES On March 12, 2020, the FASB issued ASU 2020-04, “ Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting The amendments in the ASU are elective and apply to entities that have contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. An entity may elect to apply the amendments prospectively through December 31, 2022. As of June 30, 2022, the Company has not yet elected any optional expedients provided in the standard. The Company will apply the accounting relief, if necessary, as relevant contract and hedge accounting relationship modifications are made during the reference rate reform transition period. The Company does not expect the adoption of this guidance to have a material impact on the consolidated financial statements.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2022
Discontinued Operations And Disposal Groups [Abstract]
Discontinued Operations	NOTE 3. DISCONTINUED OPERATIONS Mandated sale of Kamloops, British Columbia mill On November 30, 2021, Paper Excellence completed the acquisition of all the outstanding shares of Domtar Corporation. The acquisition was subject to the review by the Canadian Competition Bureau, which outlined certain stipulations in a consent agreement before providing their final approval. The consent agreement filed by the Canadian Commissioner of Competition (“Commissioner”) with the Competition Tribunal fulfilled the final condition to the closing of the business combination. According to the consent agreement, following the closing of the business combination, Domtar’s pulp mill in Kamloops, British Columbia was to be sold in order to resolve the Commissioner’s concerns about the business combination’s implications on the purchase of wood fiber from the Thompson/Okanagan region in British Columbia. On June 1, 2022, Domtar completed the sale of the mill and related assets to an independent acquiror approved by the Commissioner for a purchase price of $243 million, which represents $237 million in cash and $6 million in receivables, subject to customary adjustments. In connection with the sale, the Company entered into Transition Services Agreements with Kruger pursuant to which the Company agreed to provide various back-office and information technology support until the business is fully separated from Domtar. The results of operations of Domtar’s pulp mill in Kamloops, British Columbia were reclassified to discontinued operations. These results have been summarized in Earnings from discontinued operations, net of taxes on the Company’s Consolidated Statements of Earnings and Comprehensive Income for each period presented. The Consolidated Statements of Cash Flows were not reclassified to reflect discontinued operations. Sale of Personal Care business On March 1, 2021, Domtar completed the sale of the Company’s Personal Care business to American Industrial Partners (“AIP”) for a purchase price of $920 million in cash, including elements of working capital of $130 million. Domtar received a net amount of $897 million, which represented the selling price minus the settlements of the net indebtedness and other elements of working capital adjustments. In connection with the sale, the Company entered into Transition Services Agreements with AIP pursuant to which the Company agreed to provide various back-office and information technology support. These agreements expired as the business is fully separated from Domtar. The results of operations of the Company’s Personal Care business were reclassified to discontinued operations. These results have been summarized in Earnings from discontinued operations, net of taxes on the Company’s Consolidated Statements of Earnings and Comprehensive Income for each period presented. The Consolidated Statements of Cash Flows were not reclassified to reflect discontinued operations. Personal Care was previously disclosed as a separate reportable business segment. Major components of earnings from discontinued operations: Successor Predecessor Successor Predecessor For the three months ended For the six months ended June 30, June 30, June 30, June 30, 2022 2021 2022 2021 $ $ $ $ Sales 66 94 154 321 Operating expenses Cost of sales, excluding depreciation and amortization 52 70 119 239 Depreciation and amortization — 3 — 17 Selling, general and administrative — 1 — 25 Closure and restructuring costs — — — 1 Transaction costs 6 — 9 — Other operating loss, net — — — 1 58 74 128 283 Operating income 8 20 26 38 Net loss on disposition of discontinued operations — 1 — 33 Earnings from discontinued operations before income taxes 8 19 26 5 Income tax expense 3 5 8 5 Net earnings from discontinued operations 5 14 18 — Major classes of assets and liabilities classified as held for sale in the accompanying Balance Sheets were as follows: At June 30, December 31, 2022 2021 $ $ Assets Receivables — 50 Inventories — 82 Long-term assets — 155 Total assets of the disposal group classified as held for sale on the Consolidated Balance Sheets (1) — 287 Liabilities Trade and other payables — 26 Income and other taxes payable — — Long-term debt due within one year — 1 Long-term debt — 4 Deferred income taxes and other — 27 Other liabilities and deferred credits — 5 Total liabilities of the disposal group classified as held for sale on the Consolidated Balance Sheets (1) — 63 (1) Total assets and liabilities of discontinued operations are classified in current assets and liabilities, respectively, in the Company’s Consolidated Balance Sheet. Cash Flows from Discontinued Operations: Successor Predecessor For the six months ended June 30, June 30, 2022 2021 $ $ Cash flows from operating activities 39 21 Cash flows used for investing activities (3 ) (8 )

Acquisition of Business

Acquisition of Business	6 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
Acquisition of Business	NOTE 4. _________________ ACQUISITION OF BUSINESS Acquisition of Domtar Corporation by Paper Excellence On November 30, 2021, Paper Excellence completed the acquisition of all the outstanding common shares of Domtar Corporation (the “Company”) by means of a merger of Pearl Merger Sub (a wholly-owned subsidiary) with and into the Company with the Company continuing as the surviving corporation and as a subsidiary of Paper Excellence (the “Merger”). On the terms and subject to the conditions set forth in the Merger Agreement, each share of outstanding common stock of the Company was converted into the right to receive $55.50 in cash. The acquisition-date fair value of the consideration transferred totaled $2.796 billion, less cash acquired of $332 million. Pearl Merger Sub was determined to be the accounting acquirer in the Merger which was accounted for using the acquisition method of accounting. The application of the acquisition method of accounting resulted in a new basis of accounting basis of the Company’s assets and liabilities which are measured at fair value at the acquisition date. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date. The Company is in the process of obtaining third-party valuations of certain tangible and intangible assets; thus, the provisional measurements of tangible and intangible assets, off-market contracts and deferred income tax assets are subject to change. Purchase adjustments were made related to events or circumstances existing at the acquisition date. Fair value of net assets acquired at the date of acquisition - Preliminary values Receivables $ 557 Inventories 597 Prepaid expenses 50 Income and other taxes receivable 48 Property, plant and equipment 2,639 Intangible assets 20 Operating lease right-of-use assets 51 Other assets 268 Assets held for sale 287 Total assets 4,517 Less: Assumed Liabilities Trade and other payables 674 Income and other taxes payable 16 Operating lease liabilities (including short-term portion) 58 Long-term debt (including short-term portion) 529 Deferred income tax liabilities 511 Other liabilities and deferred credits 221 Liabilities held for sale 44 Total liabilities 2,053 Fair value of net assets acquired at the date of acquisition 2,464 The preliminary estimated fair value of property, plant and equipment was primarily determined based on management’s preliminary estimate of depreciated replacement cost as further adjusted based on estimated cash flow forecasts. The significant assumptions underlying the fair value are based on company specific information and projections, which are not observable in the market and, therefore, are considered Level 2 and Level 3 measurements. These significant assumptions are forward-looking and could be affected by future changes in economic and market conditions. The preliminary estimated fair value of finished goods was calculated as the estimated selling price, adjusted for costs of the selling effort and a reasonable profit allowance relating to the selling effort. The preliminary estimated fair value of work in process inventory was primarily calculated as the estimated selling price, adjusted for estimated costs to complete the manufacturing, estimated costs of the selling effort, as well as a reasonable profit margin on the remaining manufacturing and selling effort. The preliminary estimated fair value of raw materials and operating and maintenance supplies was determined to approximate the historical carrying value. These significant assumptions are based on company specific information and projections, which are not observable in the market and, therefore, are considered Level 2 and Level 3 measurements. These significant assumptions are forward-looking and could be affected by future changes in economic and market conditions. For the three and six months ended June 30, 2022, the Company recognized nil and $3 million, respectively, of acquisition related costs affected to that transaction. These costs are included in the Consolidated Statements of Earnings and Comprehensive Income in the line item entitled Transaction costs. The Predecessor period includes the historical financial information of Pearl Merger Sub prior to the business combination. The businesses, and thus the financial results of the Successor and Predecessor entities, are virtually the same, excluding the impact on certain financial statement line items that were impacted by the Merger mainly: • Depreciation and amortization on fair value increments relating to Property, plant and equipment and fair values ascribed to identified intangible assets; • Interest expense and amortization of debt issuance costs relating to additional long-term debt raised by Pearl Merger Sub to effect the Merger; • Merger-related transaction costs; and, • Current and deferred income tax impacts of the above.

Derivatives and Hedging Activit

Derivatives and Hedging Activities and Fair Value Measurement	6 Months Ended
	Jun. 30, 2022
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities and Fair Value Measurement	NOTE 5. ________________ DERIVATIVES AND HEDGING ACTIVITIES AND FAIR VALUE MEASUREMENT HEDGING PROGRAMS The Company is exposed to market risk, such as changes in currency exchange rates, commodity prices and interest rates. To the extent the Company decides to manage the volatility related to these exposures, the Company may enter into various financial derivatives that are accounted for under the derivatives and hedging guidance. These transactions are governed by the Company's hedging policies which provide direction on acceptable hedging activities, including instrument type and acceptable counterparty exposure. Upon inception, the Company formally documents the relationship between hedging instruments and hedged items. At inception and quarterly thereafter, the Company formally assesses whether the financial instruments used in hedging transactions are effective at offsetting changes in either the cash flow or the fair value of the underlying exposures. The Company does not hold derivative financial instruments for trading purposes. CREDIT RISK The Company is exposed to credit risk on accounts receivable from its customers. In order to reduce this risk, the Company reviews new customers’ credit history before granting credit and conducts regular reviews of existing customers’ credit performance. As of June 30, 2022, two customers located in the U.S. represented 27% or $144 million of the Company’s receivables (December 31, 2021 – two customers located in the U.S. represented 28% or $130 million). The Company is exposed to credit risk in the event of non-performance by counterparties to its financial instruments. The Company attempts to minimize this exposure by entering into contracts with counterparties that are believed to be of high credit quality. Collateral or other security to support financial instruments subject to credit risk is usually not obtained. The credit standing of counterparties is regularly monitored. INTEREST RATE RISK The Company is exposed to interest rate risk arising from fluctuations in interest rates on its cash and cash equivalents, bank indebtedness, revolving credit facility, term loan and long-term debt. The Company’s objective in managing exposure to interest rate changes is to minimize the impact of interest rate changes on earnings and cash flows and to lower its overall borrowing costs. The Company may manage this interest rate exposure through the use of derivative instruments such as interest rate swap contracts, whereby it agrees to exchange the difference between fixed and variable interest amounts calculated by reference to an agreed upon notional principal amount. COST RISK Cash flow hedges: The Company is exposed to price volatility for raw materials and energy used in its manufacturing process. The Company manages its exposure to cost risk primarily through the use of supplier contracts. The Company purchases natural gas at the prevailing market price at the time of delivery. To reduce the impact on cash flow and earnings due to pricing volatility, the Company may utilize derivatives to fix the price of forecasted natural gas purchases. The changes in the fair value on qualifying instruments are included in Accumulated other comprehensive income to the extent effective, and reclassified into Cost of sales in the period during which the hedged transaction affects earnings. Current contracts are used to hedge a portion of forecasted purchases of natural gas over the next 18 months. As of June 30, 2022 The natural gas derivative contracts were effective as of June 30, 2022 FOREIGN CURRENCY RISK Cash flow hedges: The Company has manufacturing operations in the United States and Canada. As a result, it is exposed to movements in foreign currency exchange rates in Canada. Moreover, certain assets and liabilities are denominated in Canadian dollars and are exposed to foreign currency movements. Accordingly, the Company’s earnings are affected by increases or decreases in the value of the Canadian dollar. The Company’s risk management policy allows it to hedge a significant portion of its exposure to fluctuations in foreign currency exchange rates for periods up to three years. The Company may use derivative financial instruments (currency options and foreign exchange forward contracts) to mitigate its exposure to fluctuations in foreign currency exchange rates. Derivatives are used to hedge forecasted purchases in Canadian dollars by the Company’s Canadian subsidiary over the next 24 months. Such derivatives are designated as cash flow hedges. The changes in the fair value on qualifying instruments are included in Accumulated other comprehensive income to the extent effective, and reclassified into Sales or Cost of sales in the period during which the hedged transaction affects earnings. As of June 30, 2022 The foreign exchange derivative contracts were effective as of June 30, 2022. FAIR VALUE MEASUREMENT The accounting standards for fair value measurements and disclosures establish a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three levels. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is available and significant to the fair value measurement. Level 1 Quoted prices in active markets for identical assets or liabilities. Level 2 Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Inputs that are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The following tables present information about the Company’s financial assets and financial liabilities measured at fair value on a recurring basis (except Long-term debt, see (b) and (c) below) at June 30, 2022 and December 31, 2021, in accordance with the accounting standards for fair value measurements and disclosures and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value. Fair Value of financial instruments at: June 30, 2022 Quoted prices in active markets for identical assets (Level 1) Significant observable inputs (Level 2) Significant unobservable inputs (Level 3) Balance sheet classification $ $ $ $ Derivatives designated as hedging instruments: Asset derivatives Currency derivatives 4 — 4 — (a) Prepaid expenses Natural gas swap contracts 12 — 12 — (a) Prepaid expenses Natural gas swap contracts 2 — 2 — (a) Other assets Total Assets 18 — 18 — Liabilities derivatives Currency derivatives 4 — 4 — (a) Trade and other payables Total Liabilities 4 — 4 — Other Instruments: Long-term debt due within one year 7 — 7 — (b) Long-term debt due within one year Long-term debt 1,390 — 1,390 — (c) Long-term debt Fair Value of financial instruments at: December 31, 2021 Quoted prices in active markets for identical assets (Level 1) Significant observable inputs (Level 2) Significant unobservable inputs (Level 3) Balance sheet classification $ $ $ $ Derivatives designated as hedging instruments: Asset derivatives Currency derivatives 18 — 18 — (a) Prepaid expenses Natural gas swap contracts 6 — 6 — (a) Prepaid expenses Natural gas swap contracts 2 — 2 — (a) Other assets Total Assets 26 — 26 — Liabilities derivatives Currency derivatives 1 — 1 — (a) Trade and other payables Currency derivatives 1 — 1 — (a) Other liabilities and deferred credits Total Liabilities 2 — 2 — Other Instruments: Long-term debt due within one year 259 — 259 — (b) Long-term debt due within one year Long-term debt 1,682 — 1,682 — (c) Long-term debt (a) Fair value of the Company’s derivatives are classified under Level 2 (inputs that are observable; directly or indirectly) as it is measured as follows: - For currency derivatives: Foreign currency forward and option contracts are valued using standard valuation models. Interest rates, forward market rates and volatility are used as inputs for such valuation techniques. - For natural gas contracts: Fair value is measured using the discounted difference between contractual rates and quoted market future rates. (b) Fair value of the Company’s long-term debt is measured by comparison to market prices of its debt. The Company’s long-term debt is not carried at fair value on the Consolidated Balance Sheets at June 30, 2022 and December 31, 2021. The carrying value of the Company’s long-term debt due within one year is $7 million and $259 million at June 30, 2022 and December 31, 2021, respectively. (c) The carrying value of the Company’s long-term debt is $1,531 million and $1,643 million at June 30, 2022 and December 31, 2021, respectively. Due to their short-term maturity, the carrying amounts of cash and cash equivalents, receivables, bank indebtedness, trade and other payables and income and other taxes approximate their fair values.

Pension Plans and Other Post-Re

Pension Plans and Other Post-Retirement Benefit Plans	6 Months Ended
	Jun. 30, 2022
Compensation And Retirement Disclosure [Abstract]
Pension Plans and Other Post-Retirement Benefit Plans	NOTE 6. _________________ PENSION PLANS AND OTHER POST-RETIREMENT BENEFIT PLANS DEFINED CONTRIBUTION PLANS The Company has several defined contribution plans. The pension expense under these plans is equal to the Company’s contribution. For the three and six months ended June 30, 2022, the pension expense was $7 million and $19 million, respectively (2021 – $8 million and $17 million, respectively). DEFINED BENEFIT PLANS AND OTHER POST-RETIREMENT BENEFIT PLANS The Company sponsors both contributory and non-contributory U.S. and non-U.S. defined benefit pension plans. Non-unionized employees in Canada joining the Company after January 1, 1998 participate in a defined contribution pension plan. Salaried employees in the U.S. joining the Company after January 1, 2008 participate in a defined contribution pension plan. Unionized and non-union hourly employees in the U.S. who are not grandfathered under the existing defined benefit pension plans, participate in a defined contribution pension plan for future service. The Company also sponsors a number of other post-retirement benefit plans for eligible U.S. and non-U.S. employees; the plans are unfunded and include life insurance programs and medical and dental benefits. The Company also provides supplemental unfunded defined benefit pension plans and supplemental unfunded defined contribution pension plans to certain senior management employees. Components of net periodic benefit cost for pension plans and other post-retirement benefit plans: Successor For the three months ended For the six months ended June 30, 2022 June 30, 2022 Pension plans Other post-retirement benefit plans Pension plans Other post-retirement benefit plans $ $ $ $ Service cost 5 — 11 — Interest expense 9 — 18 1 Expected return on plan assets (18 ) — (37 ) — Settlement gain (1) (8 ) — (8 ) — Net periodic benefit cost (12 ) — (16 ) 1 (1) During the second quarter of 2022, the Company entered into agreements with insurance companies to purchase group annuity buy-out contracts and transfer approximately $105 million (CDN $135 million) of its Quebec, Canada defined benefit plans’ projected benefit obligations and $85 million of its U.S. defined benefit plans’ projected benefit obligations. The transactions closed in April 2022 for Canada and in June 2022 for the U.S. and were funded with pension plan assets. Additionally, the Company entered into agreements with existing insurers to convert $141 million (CDN $180 million) of existing buy-in annuity contracts to buy-out annuity contracts to complete the full transfer of these obligations. These annuity buy-out transactions transferred responsibility for pension benefits for approximately 3,253 retirees and their beneficiaries. Settlement accounting rules required a remeasurement of the plans as of April 30, 2022 for Canada and June 30, 2022 for the U.S. and the Company recognized a non-cash pension settlement gain of $8 million before tax in the second quarter of 2022 . Predecessor For the three months ended For the six months ended June 30, 2021 June 30, 2021 Pension plans Other post-retirement benefit plans Pension plans Other post-retirement benefit plans $ $ $ $ Service cost 7 — 14 — Interest expense 8 1 16 1 Expected return on plan assets (17 ) — (33 ) — Amortization of net actuarial loss (gain) 2 (1 ) 4 (1 ) Settlement loss 1 — 1 — Amortization of prior year service costs 1 — 1 — Net periodic benefit cost 2 — 3 — The components of net periodic benefit cost for pension plans and other post-retirement benefits plans, other than service cost, are presented in Non-service components of net periodic benefit cost on the Consolidated Statement of Earnings and Comprehensive Income. For the three and six months ended June 30, 2022, the Company contributed $2 million and $4 million, respectively (2021 – $5 million and $8 million, respectively) to the pension plans and $1 million and $2 million, respectively (2021 – $1 million and $2 million, respectively) to the other post-retirement benefit plans.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 7. _________________ INCOME TAXES For the second quarter of 2022, the Company’s income tax expense was $13 million, consisting of a current income tax expense of $21 million and a deferred income tax benefit of $8 million. This compares to an income tax expense of $11 million in the second quarter of 2021, consisting of a current income tax expense of $16 million and a deferred income tax benefit of $5 million. The Company made payments, net of income tax refunds, of $4 million during the second quarter of 2022. The effective tax rate was 22% compared with an effective tax rate of 32% in the second quarter of 2021. The effective tax rate for the second quarter of 2021 was impacted by certain transaction costs incurred during the quarter related to the potential acquisition of the Company by Paper Excellence which provided no tax benefit. For the first six months of 2022, the Company’s income tax expense was $16 million, consisting of a current income tax expense of $22 million and a deferred income tax benefit of $6 million. This compares to an income tax expense of $8 million in the first six months of 2021, consisting of a current income tax expense of $8 million and no deferred income tax expense. The Company made payments, net of income tax refunds, of $6 million during the first six months of 2022. The effective tax rate was 22% compared to an effective tax rate of 50% in the first six months of 2021. The effective tax rate for the first six months of 2021 w as significantly impacted by certain transaction costs incurred during the period related to the potential acquisition of the Company by Paper Excellence which provided no tax benefit.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Inventories	NOTE 8. _________________ INVENTORIES The following table presents the components of inventories: June 30, December 31, 2022 2021 $ $ Work in process and finished goods 389 359 Raw materials 109 110 Operating and maintenance supplies 150 194 648 663

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	NOTE 9. _________________ LEASES In the normal course of business, the Company enters into operating and finance leases mainly for manufacturing and warehousing facilities, corporate offices, motor vehicles, mobile equipment and manufacturing equipment. While the Company’s lease payments are generally fixed over the lease term, some leases may include price escalation terms that are fixed at the lease commencement date. The Company has remaining lease terms ranging from 1 year to 11 years, some of which may include options to extend the leases for up to 10 years, and some of which may include options to terminate the leases within 1 year. The components of lease expense were as follows: Successor Predecessor Successor Predecessor For the three months ended For the six months ended June 30, June 30, June 30, June 30, 2022 2021 2022 2021 $ $ $ $ Operating lease expense 5 5 10 11 Supplemental cash flow information related to leases was as follows: Successor Predecessor For the six months ended June 30, June 30, 2022 2021 $ $ Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 12 12 Operating cash flows from finance leases — 1 Right-of-use assets obtained in exchange for lease liabilities: Operating leases 6 2 Supplemental balance sheet information related to leases was as follows: June 30, December 31, 2022 2021 $ $ Operating leases Operating leases right-of-use assets 51 48 Lease liabilities due within one year 18 19 Long-term operating lease liabilities 33 36 51 55 Finance leases Property, plant and equipment 4 5 Accumulated depreciation (1 ) (2 ) 3 3 Long-term debt due within one year — 1 Long-term debt 4 3 4 4 Weighted-average remaining lease term Operating leases 4.1 years 4.3 years Finance leases 6.5 years 6.8 years Weighted-average discount rate Operating leases 3.3 % 3.2 % Finance leases 4.8 % 4.8 % Maturities of lease liabilities at June 30, 2022 were as follows: Operating leases Finance leases June 30, June 30, 2022 2022 $ $ 2022 (1) 10 — 2023 17 1 2024 13 1 2025 6 1 2026 3 1 Thereafter 6 2 Total lease payments 55 6 Less: Imputed interest 4 2 Total lease liabilities 51 4 (1) Represents the remaining six months of 2022.

Closure and Restructuring Costs

Closure and Restructuring Costs and Impairment of Long-Lived Assets	6 Months Ended
	Jun. 30, 2022
Restructuring And Related Activities [Abstract]
Closure and Restructuring Costs and Impairment of Long-Lived Assets	NOTE 10. _________________ CLOSURE AND RESTRUCTURING COSTS AND IMPAIRMENT OF LONG-LIVED ASSETS Cost reduction program The Company implemented a cost savings program. As part of this program, in August 2020, the Company announced the permanent closure of the uncoated freesheet manufacturing at the Kingsport, Tennessee and Port Huron, Michigan mills, the remaining paper machine at the Ashdown, Arkansas mill and the converting center in Ridgefields, Tennessee. Additionally, in May 2021, the Company announced the closure of the converting center in Dallas, Texas. These actions reduced the Company’s annual uncoated freesheet paper capacity by approximately 721,000 short tons and resulted in a workforce reduction of approximately 750 employees. For the three and six months ended June 30, 2022, the Company recorded nil – nil – Conversion of Kingsport, Tennessee mill The Company plans to enter the linerboard market with the conversion of the Kingsport paper machine. Once in full operation, the mill will produce and market approximately 600,000 tons annually of high-quality recycled linerboard and medium, providing the Company with a strategic footprint in a growing adjacent market. The conversion is expected to be completed by the end of 2022. –

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Long-Term Debt	NOTE 11. _________________ LONG-TERM DEBT Par June 30, December 31, Maturity Amount Currency 2022 2021 $ $ $ Unsecured notes 6.25% Notes 2042 116 US 122 264 6.75% Notes 2044 150 US 157 262 Senior secured notes 6.75% Notes 2028 642 US 642 775 ABL Revolving Credit Facility 2026 — US — 115 First Lien Term Loan 2028 648 US 642 520 Finance lease obligations 2022 - 2028 4 4 1,567 1,940 Less: Unamortized debt issuance costs 29 38 Less: Due within one year 7 259 1,531 1,643 .

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss by Component	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss by Component	NOTE 12. _________________ CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME BY COMPONENT The following table presents the changes in Accumulated other comprehensive income by component (1) Net derivative gains (losses) on cash flow hedges Pension items (2) Post-retirement benefit items (2) Foreign currency items Total Predecessor $ $ $ $ $ Balance at December 31, 2020 34 (207 ) 8 (139 ) (304 ) Natural gas swap contracts 22 N/A N/A N/A 22 Foreign exchange forward contracts 2 N/A N/A N/A 2 Net gain N/A 85 5 N/A 90 Foreign currency items N/A N/A N/A 57 57 Other comprehensive income before reclassifications 24 85 5 57 171 Amounts reclassified from Accumulated other comprehensive loss (31 ) 10 (1 ) — (22 ) Net current period other comprehensive (loss) income (7 ) 95 4 57 149 Balance at November 30, 2021 27 (112 ) 12 (82 ) (155 ) Elimination of Predecessor's Accumulated other comprehensive loss (27 ) 112 (12 ) 82 155 Balance at November 30, 2021 — — — — — Net derivative gains (losses) on cash flow hedges Pension items (2) Post-retirement benefit items (2) Foreign currency items Total Successor $ $ $ $ $ Balance at November 30, 2021 — — — — — Natural gas swap contracts (3 ) N/A N/A N/A (3 ) Foreign exchange forward contracts 3 N/A N/A N/A 3 Net gain (loss) N/A 17 (1 ) N/A 16 Foreign currency items N/A N/A N/A 8 8 Other comprehensive income (loss) before reclassifications — 17 (1 ) 8 24 Amounts reclassified from Accumulated other comprehensive income — — — — — Net current period other comprehensive income (loss) — 17 (1 ) 8 24 Balance at December 31, 2021 — 17 (1 ) 8 24 Natural gas swap contracts 13 N/A N/A N/A 13 Foreign exchange forward contracts (3 ) N/A N/A N/A (3 ) Net gain N/A 12 6 N/A 18 Foreign currency items N/A N/A N/A (7 ) (7 ) Other comprehensive income (loss) before reclassifications 10 12 6 (7 ) 21 Amounts reclassified from Accumulated other comprehensive income (6 ) (6 ) (1 ) — (13 ) Net current period other comprehensive income (loss) 4 6 5 (7 ) 8 Balance at June 30, 2022 4 23 4 1 32 (1) All amounts are after tax. Amounts in parentheses indicate losses. (2) The projected benefit obligation is actuarially determined on an annual basis as of December 31. The following tables present reclassifications out of Accumulated other comprehensive income: Details about Accumulated other comprehensive income components Amounts reclassified from Accumulated other comprehensive income Successor Predecessor For the three months ended June 30, June 30, 2022 2021 $ $ Net derivative gains (losses) on cash flow hedge Natural gas swap contracts (1) 5 (1 ) Currency options and forwards (1) 1 16 Total before tax 6 15 Tax expense (2 ) (3 ) Net of tax 4 12 Amortization of defined benefit pension items Amortization of net actuarial gain (loss) (3) (4) 8 (3 ) Amortization of prior year service costs (3) — (1 ) Total before tax 8 (4 ) Tax (expense) benefit (2 ) 1 Net of tax 6 (3 ) Amortization of other post-retirement benefit items Amortization of net actuarial gain (3) — 1 Discontinued operations 1 — Total before tax 1 1 Tax expense — — Net of tax 1 1 Amounts reclassified from Accumulated other comprehensive income Successor Predecessor For the six months ended June 30, June 30, 2022 2021 $ $ Net derivatives gains (losses) on cash flow hedge Natural gas swap contracts (1) 6 (1 ) Currency options and forwards (1) 2 26 Net investment hedge (2) — (9 ) Total before tax 8 16 Tax expense (2 ) (2 ) Net of tax 6 14 Amortization of defined benefit pension items Amortization of net actuarial gain (loss) (3) (4) 8 (5 ) Amortization of prior year service costs (3) — (1 ) Discontinued operations — (4 ) Total before tax 8 (10 ) Tax (expense) benefit (2 ) 2 Net of tax 6 (8 ) Amortization of other post-retirement benefit items Amortization of net actuarial gain (3) — 1 Discontinued operations 1 — Total before tax 1 1 Tax expense — — Net of tax 1 1 ( 1 ) These amounts are included in Cost of Sales in the Consolidated Statements of Earnings and Comprehensive Income. (2) This amount is included in Earnings from discontinued operations, net of taxes in the Consolidated Statements of Earnings and Comprehensive Income. ( 3 ) These amounts are included in the computation of net periodic benefit cost (see Note 6 “Pension Plans and Other Post-Retirement Benefit Plans” for more details). (4) Includes the non-cash pension settlement gain of $8 million recognized in the second quarter of 2022.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 13. _________________ COMMITMENTS AND CONTINGENCIES ENVIRONMENTAL MATTERS The Company is subject to environmental laws and regulations enacted by federal, provincial, state and local authorities. The Company may also incur substantial costs in relation to enforcement actions (including orders requiring corrective measures, installation of pollution control equipment or other remedial actions) as a result of violations of, or liabilities under, environmental laws and regulations applicable to its past and present properties. The Company’s ongoing efforts to identify potential environmental concerns that may be associated with such properties may result in additional environmental costs and liabilities which cannot be reasonably estimated at this time. A former owner of the Company’s Dryden, Ontario manufacturing site (the "Dryden Property") operated a chlor-alkali plant during the 1960s and 1970s, during which time, mercury and other pollutants were used and discharged into the environment. In conjunction with the sale and redevelopment of the Dryden Property, the Province of Ontario (the “Province”) provided a broad indemnity (the "Indemnity") in 1985 to the then purchaser of the Dryden Property and its successors and assigns with respect to the discharge of any pollutant, including mercury, by the historical operators of the Dryden Property. This Indemnity subsequently was assigned to the Company in connection with its 2007 purchase of the Dryden Property. As the current owner of the Dryden Property, the Company is actively engaged with the Province with respect to the management of the historical contamination. The Province issued a Director's order under environmental laws to certain prior owners of the Dryden Property in connection with a nearby waste disposal site that has never been owned by the Company. The Director's order required certain work to be conducted by those prior owners. The prior owners asserted that the Indemnity covered the work required by the Director’s order. Following extensive litigation, the Supreme Court of Canada found, among other things, that the Indemnity covered third-party claims, but not first-party claims, such as the Director's order. In the future, the Province may challenge whether the Company has the benefit of the Indemnity. In addition to the Indemnity, Domtar has other recourses relating to the historical contamination. The situation involving the historical contamination is continuing to develop, and the Company cannot predict its outcome. While the Company currently does not believe that it will be required to incur costs that would have a material impact on its results of operations or financial condition, there is no certainty that this is in fact the case. The following table reflects changes in the reserve for environmental remediation and asset retirement obligations: June 30, 2022 $ Balance at beginning of year 41 Additions and other changes 1 Environmental spending (1 ) Balance at end of period 41 The U.S. Environmental Protection Agency (the “EPA”) and/or various state agencies have notified the Company that it may be a potentially responsible party under the Comprehensive Environmental Response Compensation and Liability Act, commonly known as “Superfund”, and similar state laws with respect to other hazardous waste sites as to which no proceedings have been instituted against the Company. The Company continues to take remedial action under its Care and Control Program at its former wood preserving sites, and at a number of operating sites, due to possible soil, sediment or groundwater contamination. CONTINGENCIES In the normal course of operations, the Company becomes involved in various legal actions mostly related to contract disputes, patent infringements, environmental and product warranty claims, and labor issues. While the final outcome with respect to actions outstanding or pending at June 30, 2022, cannot be predicted with certainty, it is management’s opinion that their resolution will not have a material adverse effect on the Company’s financial position, results of operations or cash flows. INDEMNIFICATIONS In the normal course of business, the Company offers indemnifications relating to the sale of its businesses and real estate. In general, these indemnifications may relate to claims from past business operations, compliance with laws, the failure to abide by covenants and the breach of representations and warranties included in the sales agreements. Typically, such representations and warranties relate to taxation, environmental, product and employee matters. The terms of these indemnification agreements are generally for an unlimited period of time. At June 30, 2022, the Company is unable to estimate the potential maximum liabilities for these types of indemnification guarantees as the amounts are contingent upon the outcome of future events, the nature and likelihood of which cannot be reasonably estimated at this time. Accordingly, no provision has been recorded. These indemnifications have not yielded a significant expense in the past. Pension Plans The Company has indemnified and held harmless the trustees of its pension funds, and the respective officers, directors, employees and agents of such trustees, from any and all costs and expenses arising out of the performance of their obligations under the relevant trust agreements, including in respect of their reliance on authorized instructions from the Company or for failing to act in the absence of authorized instructions. These indemnifications survive the termination of such agreements. At June 30, 2022, the Company has not recorded a liability associated with these indemnifications, as it does not expect to make any payments pertaining to these indemnifications. CLIMATE CHANGE AND AIR QUALITY REGULATIONS Various national and local laws and regulations relating to climate change have been established or are emerging in jurisdictions where the Company currently has, or may have in the future, manufacturing facilities or investments. The EPA repealed the Clean Power Plan and replaced it with the “Affordable Clean Energy” (“ACE”) rule. The ACE rule was legally challenged in the U.S. Court of Appeals for the D.C. Circuit. The Court ruled the EPA wrongly understood the Clean Air Act, vacated the ACE rule, sending it back to the EPA for further consideration. The court also rejected the embedded repeal of the Clean Power Plan, but the court stayed its mandate as to that part of its decision to avoid reinstating that now outdated Clean Power Plan. However, on June 30, 2022, the Supreme Court reversed the D.C. Circuit’s decision, holding that the Clean Power Plan was an “extraordinary” case of an agency claiming transformative power without a clear statement from Congress. The decision does not completely bar EPA from regulating greenhouse gas emissions from the power sector but prohibits the EPA from imposing standards based on “generation shifting” away from coal-fired power plants to natural gas plants and renewable resources. The EPA plans to propose a new climate change rule for existing power plants in March 2023. The Company does not expect to be disproportionately affected compared with other pulp and paper producers located in the states where the Company operates. The province of Quebec has a greenhouse gas (“GHG”) cap-and-trade system with reduction targets. British Columbia has a carbon tax that applies to the purchase of fossil fuels within the province. The Company does not expect its facilities to be disproportionately affected by these measures compared to the other pulp and paper producers located in these provinces. The Government of Canada has established a federal carbon pricing system in provinces that do not already impose a cost on carbon emissions. The Government of Canada has imposed its carbon pricing program for regulating GHG emissions in Ontario, which took effect on January 1, 2019. To reduce GHG emissions and recognize the unique circumstances of the province’s diverse economy, Ontario finalized its own GHG Emission Performance Standards regulation. The Canadian Government has accepted Ontario’s program as an alternative to the federal program and the transition for Ontario facilities from the federal program to the Ontario program occurred on January 1, 2022. The Company does not expect to be disproportionately affected compared with other pulp and paper producers located in Ontario. The EPA proposed to revise its Industrial Boiler Maximum Achievable Control Technology Standard (“MACT”), or Boiler MACT, in a notice published on August 24, 2020. The proposed rule is a response to two court decisions that remanded certain issues for further review by the EPA, and it includes revisions to 34 different emission limitations that could apply to some of the Company’s facilities. The EPA had planned to issue the final rule in September 2021, but the final rule has been delayed. Although the EPA has indicated that a small number of facilities may need to reduce emissions further compared to the current limits, the Company does not expect its facilities to be disproportionately affected compared to other U.S. pulp and paper producers .

Segment Disclosures

Segment Disclosures	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Segment Disclosures	NOTE 14. _________________ SEGMENT DISCLOSURES Following the sale of the Company’s Personal Care business on March 1, 2021, the Company now operates as a single • Pulp and Paper – consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, hardwood and fluff pulp and high quality airlaid and ultrathin laminated cores. An analysis and reconciliation of the Company’s business segment information to the respective information in the financial statements is as follows: Successor Predecessor Successor Predecessor For the three months ended For the six months ended June 30, June 30, June 30, June 30, SEGMENT DATA 2022 2021 2022 2021 $ $ $ $ Sales by product group Communication papers 635 498 1,214 986 Specialty and packaging papers 189 145 364 282 Market pulp 263 273 519 519 Consolidated sales 1,087 916 2,097 1,787 Operating income (loss) from continuing operations (1) Pulp and Paper 75 77 114 78 Corporate (9 ) (29 ) (23 ) (39 ) Consolidated operating income from continuing operations 66 48 91 39 Interest expense, net 24 20 45 35 Non-service components of net periodic benefit cost (17 ) (6 ) (26 ) (12 ) Earnings before income taxes 59 34 72 16 Income tax expense 13 11 16 8 Earnings from continuing operations 46 23 56 8 Earnings from discontinued operations, net of taxes 5 14 18 — Net earnings 51 37 74 8 (1) The Government of Canada created the Canada Emergency Wage Subsidy (“CEWS”) to provide financial support for businesses during the COVID-19 pandemic and prevent large layoffs. For the six months ended June 30, 2021, the Company recognized $6 million as a reduction of costs related to this program (CDN $8 million) ($5 million in Cost of sales (CDN $6 million) and $1 million in Selling, general and administrative (CDN $2 million)).

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Event	NOTE 15. _________________ SUBSEQUENT EVENT Paper Excellence enters agreement to acquire Resolute Forest Products through Domtar Corporation On July 6, 2022, the Paper Excellence Group announced that it has entered into a definitive agreement to acquire Resolute Forest Products Inc. ("Resolute") through Domtar. Under the agreement, Domtar will acquire all outstanding shares of Resolute common stock for $20.50 per share and one contingent value right tied to potential duty deposit refunds of up to $500 million. Any proceeds attributable to the contingent value right will be distributed proportionally to contingent value right holders, and the value will ultimately be determined by the terms and timing of the resolution of the softwood lumber dispute between Canada and the United States. The cash consideration will be approximately $1.6 billion, excluding the contingent value right on softwood lumber duty deposit refunds. Domtar has secured committed financing consisting of (i) up to $500 million in equity, and (ii) debt financing consisting of (A) a $400 million senior secured bridge loan and an increased $1 billion ABL facility with commitments provided by Barclays Bank PLC and Bank of Montreal and (B) a $500 million farm credit system term loan with a commitment provided by CoBank, ACB. Such commitments are subject to the terms and conditions set forth in the applicable debt commitment letters. Additionally, Domtar may fund the acquisition with available liquidity from Domtar and Resolute, which may include cash on hand as well as drawings under the ABL facility. The term loan and senior secured bridge are expected to rank pari passu with Domtar’s existing term loan and secured notes and the financing is expected to refinance all of Resolute’s existing debt in conjunction with the acquisition. Domtar expects to replace the secured bridge loan with longer term secured notes. The final structure and terms of the debt financing are subject to change depending on markets and other conditions. The transaction, subject to Resolute shareholder approval, as well as applicable regulatory approvals and satisfaction of other customary closing conditions, is expected to close in the first half of 2023.

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2022
Discontinued Operations And Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations	Major components of earnings from discontinued operations: Successor Predecessor Successor Predecessor For the three months ended For the six months ended June 30, June 30, June 30, June 30, 2022 2021 2022 2021 $ $ $ $ Sales 66 94 154 321 Operating expenses Cost of sales, excluding depreciation and amortization 52 70 119 239 Depreciation and amortization — 3 — 17 Selling, general and administrative — 1 — 25 Closure and restructuring costs — — — 1 Transaction costs 6 — 9 — Other operating loss, net — — — 1 58 74 128 283 Operating income 8 20 26 38 Net loss on disposition of discontinued operations — 1 — 33 Earnings from discontinued operations before income taxes 8 19 26 5 Income tax expense 3 5 8 5 Net earnings from discontinued operations 5 14 18 — Major classes of assets and liabilities classified as held for sale in the accompanying Balance Sheets were as follows: At June 30, December 31, 2022 2021 $ $ Assets Receivables — 50 Inventories — 82 Long-term assets — 155 Total assets of the disposal group classified as held for sale on the Consolidated Balance Sheets (1) — 287 Liabilities Trade and other payables — 26 Income and other taxes payable — — Long-term debt due within one year — 1 Long-term debt — 4 Deferred income taxes and other — 27 Other liabilities and deferred credits — 5 Total liabilities of the disposal group classified as held for sale on the Consolidated Balance Sheets (1) — 63 (1) Total assets and liabilities of discontinued operations are classified in current assets and liabilities, respectively, in the Company’s Consolidated Balance Sheet. Cash Flows from Discontinued Operations: Successor Predecessor For the six months ended June 30, June 30, 2022 2021 $ $ Cash flows from operating activities 39 21 Cash flows used for investing activities (3 ) (8 )

Acquisition of Business (Tables

Acquisition of Business (Tables)	6 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
Schedule of Assets Acquired and Liabilities Assumed	The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date. The Company is in the process of obtaining third-party valuations of certain tangible and intangible assets; thus, the provisional measurements of tangible and intangible assets, off-market contracts and deferred income tax assets are subject to change. Purchase adjustments were made related to events or circumstances existing at the acquisition date. Fair value of net assets acquired at the date of acquisition - Preliminary values Receivables $ 557 Inventories 597 Prepaid expenses 50 Income and other taxes receivable 48 Property, plant and equipment 2,639 Intangible assets 20 Operating lease right-of-use assets 51 Other assets 268 Assets held for sale 287 Total assets 4,517 Less: Assumed Liabilities Trade and other payables 674 Income and other taxes payable 16 Operating lease liabilities (including short-term portion) 58 Long-term debt (including short-term portion) 529 Deferred income tax liabilities 511 Other liabilities and deferred credits 221 Liabilities held for sale 44 Total liabilities 2,053 Fair value of net assets acquired at the date of acquisition 2,464

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities and Fair Value Measurement (Tables)	6 Months Ended
	Jun. 30, 2022
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Fair Value of Financial Instruments	The following tables present information about the Company’s financial assets and financial liabilities measured at fair value on a recurring basis (except Long-term debt, see (b) and (c) below) at June 30, 2022 and December 31, 2021, in accordance with the accounting standards for fair value measurements and disclosures and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value. Fair Value of financial instruments at: June 30, 2022 Quoted prices in active markets for identical assets (Level 1) Significant observable inputs (Level 2) Significant unobservable inputs (Level 3) Balance sheet classification $ $ $ $ Derivatives designated as hedging instruments: Asset derivatives Currency derivatives 4 — 4 — (a) Prepaid expenses Natural gas swap contracts 12 — 12 — (a) Prepaid expenses Natural gas swap contracts 2 — 2 — (a) Other assets Total Assets 18 — 18 — Liabilities derivatives Currency derivatives 4 — 4 — (a) Trade and other payables Total Liabilities 4 — 4 — Other Instruments: Long-term debt due within one year 7 — 7 — (b) Long-term debt due within one year Long-term debt 1,390 — 1,390 — (c) Long-term debt Fair Value of financial instruments at: December 31, 2021 Quoted prices in active markets for identical assets (Level 1) Significant observable inputs (Level 2) Significant unobservable inputs (Level 3) Balance sheet classification $ $ $ $ Derivatives designated as hedging instruments: Asset derivatives Currency derivatives 18 — 18 — (a) Prepaid expenses Natural gas swap contracts 6 — 6 — (a) Prepaid expenses Natural gas swap contracts 2 — 2 — (a) Other assets Total Assets 26 — 26 — Liabilities derivatives Currency derivatives 1 — 1 — (a) Trade and other payables Currency derivatives 1 — 1 — (a) Other liabilities and deferred credits Total Liabilities 2 — 2 — Other Instruments: Long-term debt due within one year 259 — 259 — (b) Long-term debt due within one year Long-term debt 1,682 — 1,682 — (c) Long-term debt (a) Fair value of the Company’s derivatives are classified under Level 2 (inputs that are observable; directly or indirectly) as it is measured as follows: - For currency derivatives: Foreign currency forward and option contracts are valued using standard valuation models. Interest rates, forward market rates and volatility are used as inputs for such valuation techniques. - For natural gas contracts: Fair value is measured using the discounted difference between contractual rates and quoted market future rates. (b) Fair value of the Company’s long-term debt is measured by comparison to market prices of its debt. The Company’s long-term debt is not carried at fair value on the Consolidated Balance Sheets at June 30, 2022 and December 31, 2021. The carrying value of the Company’s long-term debt due within one year is $7 million and $259 million at June 30, 2022 and December 31, 2021, respectively. (c) The carrying value of the Company’s long-term debt is $1,531 million and $1,643 million at June 30, 2022 and December 31, 2021, respectively.

Pension Plans and Other Post-_2

Pension Plans and Other Post-Retirement Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2022
Compensation And Retirement Disclosure [Abstract]
Components of Net Periodic Benefit Cost for Pension Plans and Other Post-Retirement Benefit Plans	Components of net periodic benefit cost for pension plans and other post-retirement benefit plans: Successor For the three months ended For the six months ended June 30, 2022 June 30, 2022 Pension plans Other post-retirement benefit plans Pension plans Other post-retirement benefit plans $ $ $ $ Service cost 5 — 11 — Interest expense 9 — 18 1 Expected return on plan assets (18 ) — (37 ) — Settlement gain (1) (8 ) — (8 ) — Net periodic benefit cost (12 ) — (16 ) 1 (1) During the second quarter of 2022, the Company entered into agreements with insurance companies to purchase group annuity buy-out contracts and transfer approximately $105 million (CDN $135 million) of its Quebec, Canada defined benefit plans’ projected benefit obligations and $85 million of its U.S. defined benefit plans’ projected benefit obligations. The transactions closed in April 2022 for Canada and in June 2022 for the U.S. and were funded with pension plan assets. Additionally, the Company entered into agreements with existing insurers to convert $141 million (CDN $180 million) of existing buy-in annuity contracts to buy-out annuity contracts to complete the full transfer of these obligations. These annuity buy-out transactions transferred responsibility for pension benefits for approximately 3,253 retirees and their beneficiaries. Settlement accounting rules required a remeasurement of the plans as of April 30, 2022 for Canada and June 30, 2022 for the U.S. and the Company recognized a non-cash pension settlement gain of $8 million before tax in the second quarter of 2022 . Predecessor For the three months ended For the six months ended June 30, 2021 June 30, 2021 Pension plans Other post-retirement benefit plans Pension plans Other post-retirement benefit plans $ $ $ $ Service cost 7 — 14 — Interest expense 8 1 16 1 Expected return on plan assets (17 ) — (33 ) — Amortization of net actuarial loss (gain) 2 (1 ) 4 (1 ) Settlement loss 1 — 1 — Amortization of prior year service costs 1 — 1 — Net periodic benefit cost 2 — 3 —

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Components of Inventories	The following table presents the components of inventories: June 30, December 31, 2022 2021 $ $ Work in process and finished goods 389 359 Raw materials 109 110 Operating and maintenance supplies 150 194 648 663

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Summary of Components of Lease Expense	The components of lease expense were as follows: Successor Predecessor Successor Predecessor For the three months ended For the six months ended June 30, June 30, June 30, June 30, 2022 2021 2022 2021 $ $ $ $ Operating lease expense 5 5 10 11
Summary of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: Successor Predecessor For the six months ended June 30, June 30, 2022 2021 $ $ Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 12 12 Operating cash flows from finance leases — 1 Right-of-use assets obtained in exchange for lease liabilities: Operating leases 6 2
Summary of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: June 30, December 31, 2022 2021 $ $ Operating leases Operating leases right-of-use assets 51 48 Lease liabilities due within one year 18 19 Long-term operating lease liabilities 33 36 51 55 Finance leases Property, plant and equipment 4 5 Accumulated depreciation (1 ) (2 ) 3 3 Long-term debt due within one year — 1 Long-term debt 4 3 4 4 Weighted-average remaining lease term Operating leases 4.1 years 4.3 years Finance leases 6.5 years 6.8 years Weighted-average discount rate Operating leases 3.3 % 3.2 % Finance leases 4.8 % 4.8 %
Summary of Maturities of Lease Liabilities	Maturities of lease liabilities at June 30, 2022 were as follows: Operating leases Finance leases June 30, June 30, 2022 2022 $ $ 2022 (1) 10 — 2023 17 1 2024 13 1 2025 6 1 2026 3 1 Thereafter 6 2 Total lease payments 55 6 Less: Imputed interest 4 2 Total lease liabilities 51 4 (1) Represents the remaining six months of 2022.

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Components of Long-Term Debt	Par June 30, December 31, Maturity Amount Currency 2022 2021 $ $ $ Unsecured notes 6.25% Notes 2042 116 US 122 264 6.75% Notes 2044 150 US 157 262 Senior secured notes 6.75% Notes 2028 642 US 642 775 ABL Revolving Credit Facility 2026 — US — 115 First Lien Term Loan 2028 648 US 642 520 Finance lease obligations 2022 - 2028 4 4 1,567 1,940 Less: Unamortized debt issuance costs 29 38 Less: Due within one year 7 259 1,531 1,643

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Loss by Component (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Loss by Component	The following table presents the changes in Accumulated other comprehensive income by component (1) Net derivative gains (losses) on cash flow hedges Pension items (2) Post-retirement benefit items (2) Foreign currency items Total Predecessor $ $ $ $ $ Balance at December 31, 2020 34 (207 ) 8 (139 ) (304 ) Natural gas swap contracts 22 N/A N/A N/A 22 Foreign exchange forward contracts 2 N/A N/A N/A 2 Net gain N/A 85 5 N/A 90 Foreign currency items N/A N/A N/A 57 57 Other comprehensive income before reclassifications 24 85 5 57 171 Amounts reclassified from Accumulated other comprehensive loss (31 ) 10 (1 ) — (22 ) Net current period other comprehensive (loss) income (7 ) 95 4 57 149 Balance at November 30, 2021 27 (112 ) 12 (82 ) (155 ) Elimination of Predecessor's Accumulated other comprehensive loss (27 ) 112 (12 ) 82 155 Balance at November 30, 2021 — — — — — Net derivative gains (losses) on cash flow hedges Pension items (2) Post-retirement benefit items (2) Foreign currency items Total Successor $ $ $ $ $ Balance at November 30, 2021 — — — — — Natural gas swap contracts (3 ) N/A N/A N/A (3 ) Foreign exchange forward contracts 3 N/A N/A N/A 3 Net gain (loss) N/A 17 (1 ) N/A 16 Foreign currency items N/A N/A N/A 8 8 Other comprehensive income (loss) before reclassifications — 17 (1 ) 8 24 Amounts reclassified from Accumulated other comprehensive income — — — — — Net current period other comprehensive income (loss) — 17 (1 ) 8 24 Balance at December 31, 2021 — 17 (1 ) 8 24 Natural gas swap contracts 13 N/A N/A N/A 13 Foreign exchange forward contracts (3 ) N/A N/A N/A (3 ) Net gain N/A 12 6 N/A 18 Foreign currency items N/A N/A N/A (7 ) (7 ) Other comprehensive income (loss) before reclassifications 10 12 6 (7 ) 21 Amounts reclassified from Accumulated other comprehensive income (6 ) (6 ) (1 ) — (13 ) Net current period other comprehensive income (loss) 4 6 5 (7 ) 8 Balance at June 30, 2022 4 23 4 1 32 (1) All amounts are after tax. Amounts in parentheses indicate losses. (2) The projected benefit obligation is actuarially determined on an annual basis as of December 31.
Schedule of Reclassifications Out of Accumulated Other Comprehensive Loss	The following tables present reclassifications out of Accumulated other comprehensive income: Details about Accumulated other comprehensive income components Amounts reclassified from Accumulated other comprehensive income Successor Predecessor For the three months ended June 30, June 30, 2022 2021 $ $ Net derivative gains (losses) on cash flow hedge Natural gas swap contracts (1) 5 (1 ) Currency options and forwards (1) 1 16 Total before tax 6 15 Tax expense (2 ) (3 ) Net of tax 4 12 Amortization of defined benefit pension items Amortization of net actuarial gain (loss) (3) (4) 8 (3 ) Amortization of prior year service costs (3) — (1 ) Total before tax 8 (4 ) Tax (expense) benefit (2 ) 1 Net of tax 6 (3 ) Amortization of other post-retirement benefit items Amortization of net actuarial gain (3) — 1 Discontinued operations 1 — Total before tax 1 1 Tax expense — — Net of tax 1 1 Amounts reclassified from Accumulated other comprehensive income Successor Predecessor For the six months ended June 30, June 30, 2022 2021 $ $ Net derivatives gains (losses) on cash flow hedge Natural gas swap contracts (1) 6 (1 ) Currency options and forwards (1) 2 26 Net investment hedge (2) — (9 ) Total before tax 8 16 Tax expense (2 ) (2 ) Net of tax 6 14 Amortization of defined benefit pension items Amortization of net actuarial gain (loss) (3) (4) 8 (5 ) Amortization of prior year service costs (3) — (1 ) Discontinued operations — (4 ) Total before tax 8 (10 ) Tax (expense) benefit (2 ) 2 Net of tax 6 (8 ) Amortization of other post-retirement benefit items Amortization of net actuarial gain (3) — 1 Discontinued operations 1 — Total before tax 1 1 Tax expense — — Net of tax 1 1 ( 1 ) These amounts are included in Cost of Sales in the Consolidated Statements of Earnings and Comprehensive Income. (2) This amount is included in Earnings from discontinued operations, net of taxes in the Consolidated Statements of Earnings and Comprehensive Income. ( 3 ) These amounts are included in the computation of net periodic benefit cost (see Note 6 “Pension Plans and Other Post-Retirement Benefit Plans” for more details). (4) Includes the non-cash pension settlement gain of $8 million recognized in the second quarter of 2022.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2022
Environmental Remediation Obligations [Abstract]
Changes in Reserve for Environmental Remediation and Asset Retirement Obligations	The following table reflects changes in the reserve for environmental remediation and asset retirement obligations: June 30, 2022 $ Balance at beginning of year 41 Additions and other changes 1 Environmental spending (1 ) Balance at end of period 41

Segment Disclosures (Tables)

Segment Disclosures (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Analysis and Reconciliation of Reportable Segment Information	An analysis and reconciliation of the Company’s business segment information to the respective information in the financial statements is as follows: Successor Predecessor Successor Predecessor For the three months ended For the six months ended June 30, June 30, June 30, June 30, SEGMENT DATA 2022 2021 2022 2021 $ $ $ $ Sales by product group Communication papers 635 498 1,214 986 Specialty and packaging papers 189 145 364 282 Market pulp 263 273 519 519 Consolidated sales 1,087 916 2,097 1,787 Operating income (loss) from continuing operations (1) Pulp and Paper 75 77 114 78 Corporate (9 ) (29 ) (23 ) (39 ) Consolidated operating income from continuing operations 66 48 91 39 Interest expense, net 24 20 45 35 Non-service components of net periodic benefit cost (17 ) (6 ) (26 ) (12 ) Earnings before income taxes 59 34 72 16 Income tax expense 13 11 16 8 Earnings from continuing operations 46 23 56 8 Earnings from discontinued operations, net of taxes 5 14 18 — Net earnings 51 37 74 8 (1) The Government of Canada created the Canada Emergency Wage Subsidy (“CEWS”) to provide financial support for businesses during the COVID-19 pandemic and prevent large layoffs. For the six months ended June 30, 2021, the Company recognized $6 million as a reduction of costs related to this program (CDN $8 million) ($5 million in Cost of sales (CDN $6 million) and $1 million in Selling, general and administrative (CDN $2 million)).

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Detail) - USD ($) $ in Millions		6 Months Ended
	Mar. 01, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 01, 2022	Dec. 31, 2021
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Receivables					$ 50
Proceeds from sale of business, net of cash disposed		$ 237	$ 897
Personal Care [Member] | AIP [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Purchase price	$ 920
Working capital	130
Proceeds from sale of business, net of cash disposed	$ 897
Sale of Mill and Related Assets
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Purchase price				$ 243
Cash				237
Receivables				$ 6

Discontinued Operations - Sched

Discontinued Operations - Schedule of Major Components of Earnings from Discontinued Operations (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disposal Group Not Discontinued Operation Income Statement Disclosures [Abstract]
Sales	$ 66	$ 94	$ 154	$ 321
Operating expenses
Cost of sales, excluding depreciation and amortization	52	70	119	239
Depreciation and amortization		3		17
Selling, general and administrative		1		25
Closure and restructuring costs				1
Transaction costs	6		9
Other operating loss, net				1
Operating expenses	58	74	128	283
Operating income	8	20	26	38
Net loss on disposition of discontinued operations (NOTE 3)		1		33
Earnings from discontinued operations before income taxes	8	19	26	5
Income tax expense	3	5	8	$ 5
Net earnings from discontinued operations	$ 5	$ 14	$ 18

Discontinued Operations - Sch_2

Discontinued Operations - Schedule of Major Classes of Assets and Liabilities Classified as Held for Sale in Balance Sheets (Detail) $ in Millions	Dec. 31, 2021 USD ($)
Assets
Receivables	$ 50
Inventories	82
Long-term assets	155
Total assets of the disposal group classified as held for sale on the Consolidated Balance Sheets	287
Liabilities
Trade and other payables	26
Long-term debt due within one year	1
Long-term debt	4
Deferred income taxes and other	27
Other liabilities and deferred credits	5
Total liabilities of the disposal group classified as held for sale on the Consolidated Balance Sheets	$ 63

Discontinued Operations - Sch_3

Discontinued Operations - Schedule of Cash Flows from Discontinued Operations (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Net Cash Provided By Used In Discontinued Operations [Abstract]
Cash flows from operating activities	$ 39	$ 21
Cash flows used for investing activities	$ (3)	$ (8)

Acquisition of Business - Addit

Acquisition of Business - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Nov. 30, 2021
Business Acquisition [Line Items]
Transaction costs (NOTE 4)	$ 3	$ 18	$ 6	$ 18
Paper Excellence
Business Acquisition [Line Items]
Business Acquisition, Share Price					$ 55.50
Fair value of consideration transferred					$ 2,796
Cash Acquired					$ 332
Transaction costs (NOTE 4)			$ 3

Acquisition of Business - Sched

Acquisition of Business - Schedule of Assets Acquired and Liabilities Assumed (Detail) $ in Millions	Jun. 30, 2022 USD ($)
Business Combinations [Abstract]
Receivables	$ 557
Inventories	597
Prepaid expenses	50
Income and other taxes receivable	48
Property, plant and equipment	2,639
Intangible assets	20
Operating lease right-of-use assets	51
Other assets	268
Assets held for sale	287
Total assets	4,517
Less: Assumed Liabilities	2,053
Trade and other payables	674
Income and other taxes payable	16
Operating lease liabilities (including short-term portion)	58
Long-term debt (including short-term portion)	529
Deferred income tax liabilities	511
Other liabilities and deferred credits	221
Liabilities held for sale	44
Total liabilities	2,053
Fair value of net assets acquired at the date of acquisition	$ 2,464

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities and Fair Value Measurement - Additional Information (Detail) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($) Customer	Dec. 31, 2021 USD ($) Customer
Derivative [Line Items]
Number of major customers | Customer	2	2
C A D Denominated Notional Contractual Value For Two Thousand And Twenty Two
Derivative [Line Items]
Percentage of forecasted net exposures under contracts	61%
C A D Denominated Notional Contractual Value For Two Thousand Twenty Three
Derivative [Line Items]
Percentage of forecasted net exposures under contracts	37%
C A D Denominated Notional Contractual Value For Two Thousand And Twenty Four
Derivative [Line Items]
Percentage of forecasted net exposures under contracts	5%
Maximum [Member] | Canadian Subsidiary [Member] | Canadian Dollars [Member]
Derivative [Line Items]
Length of time current hedges cover	24 months
Forecasted Natural Gas and Oil Purchases [Member] | Maximum [Member]
Derivative [Line Items]
Length of time current hedges cover	18 months
Natural Gas Commodity Contracts Year Two Thousand Twenty Two
Derivative [Line Items]
Percentage of forecasted purchases of natural gas under derivative contracts	22%
Natural Gas Commodity Contracts Year Two Thousand Twenty Three
Derivative [Line Items]
Percentage of forecasted purchases of natural gas under derivative contracts	10%
Foreign Currency Investment [Member]
Derivative [Line Items]
Length of time current hedges cover	3 years
Pulp and Paper Segment Customer One [Member]
Derivative [Line Items]
Receivables from major customers | $	$ 144	$ 130
Accounts Receivable [Member] | Credit Concentration Risk [Member] | Pulp and Paper Segment Customer One [Member]
Derivative [Line Items]
Maximum percentage of receivables a single customer represents	27%	28%

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities and Fair Value Measurement - Fair Value of Financial Instruments (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Total Assets	$ 18	$ 26
Total Liabilities	4	2
Long-term debt	1,390	1,682
Long Term Debt Due within One Year [Member]
Derivative [Line Items]
Long-term debt	7	259
Currency Derivatives [Member] | Prepaid Expenses [Member]
Derivative [Line Items]
Total Assets	4	18
Currency Derivatives [Member] | Trade and Other Payables [Member]
Derivative [Line Items]
Total Liabilities	4	1
Currency Derivatives [Member] | Other Liabilities and Deferred Credits [Member]
Derivative [Line Items]
Total Liabilities		1
Natural Gas Swap Contracts [Member] | Prepaid Expenses [Member]
Derivative [Line Items]
Total Assets	12	6
Natural Gas Swap Contracts [Member] | Other Assets [Member]
Derivative [Line Items]
Total Assets	2	2
Significant Observable Inputs (Level 2) [Member]
Derivative [Line Items]
Total Assets	18	26
Total Liabilities	4	2
Long-term debt	1,390	1,682
Significant Observable Inputs (Level 2) [Member] | Long Term Debt Due within One Year [Member]
Derivative [Line Items]
Long-term debt	7	259
Significant Observable Inputs (Level 2) [Member] | Currency Derivatives [Member] | Prepaid Expenses [Member]
Derivative [Line Items]
Total Assets	4	18
Significant Observable Inputs (Level 2) [Member] | Currency Derivatives [Member] | Trade and Other Payables [Member]
Derivative [Line Items]
Total Liabilities	4	1
Significant Observable Inputs (Level 2) [Member] | Currency Derivatives [Member] | Other Liabilities and Deferred Credits [Member]
Derivative [Line Items]
Total Liabilities		1
Significant Observable Inputs (Level 2) [Member] | Natural Gas Swap Contracts [Member] | Prepaid Expenses [Member]
Derivative [Line Items]
Total Assets	12	6
Significant Observable Inputs (Level 2) [Member] | Natural Gas Swap Contracts [Member] | Other Assets [Member]
Derivative [Line Items]
Total Assets	$ 2	$ 2

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities and Fair Value Measurement - Fair Value of Financial Instruments (Parenthetical) (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
The carrying value of the Company's long-term debt due within one year	$ 7	$ 259
The carrying value of the Company's long-term debt	1,531	1,643
Long Term Debt Due within One Year [Member]
Derivative [Line Items]
The carrying value of the Company's long-term debt due within one year	$ 7	$ 259

Pension Plans and Other Post-_3

Pension Plans and Other Post-Retirement Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Pension expense	$ 7	$ 8	$ 19	$ 17
Pension Plans [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Plan contributions	2	5	4	8
Other Post-Retirement Benefit Plans [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Plan contributions	$ 1	$ 1	$ 2	$ 2

Pension Plans and Other Post-_4

Pension Plans and Other Post-Retirement Benefit Plans - Components of Net Periodic Benefit Cost for Pension Plans and Other Post-Retirement Benefit Plans (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Settlement (gain) loss	$ (8)
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	5	$ 7	$ 11	$ 14
Interest expense	9	8	18	16
Expected return on plan assets	(18)	(17)	(37)	(33)
Amortization of net actuarial loss (gain)		2		4
Settlement (gain) loss	(8)	1	(8)	1
Amortization of prior year service costs		1		1
Net periodic benefit cost	$ (12)	2	(16)	3
Other Post-Retirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest expense		1	1	1
Amortization of net actuarial loss (gain)		$ (1)		$ (1)
Net periodic benefit cost			$ 1

Pension Plans and Other Post-_5

Pension Plans and Other Post-Retirement Benefit Plans - Components of Net Periodic Benefit Cost for Pension Plans and Other Post-Retirement Benefit Plans (Parenthetical) (Detail) $ in Millions, $ in Millions	3 Months Ended
	Jun. 30, 2022 USD ($) Employees	Jun. 30, 2022 CAD ($) Employees
Defined Benefit Plan Disclosure [Line Items]
Retirees and their beneficiaries | Employees	3,253	3,253
Non-cash pension settlement gain	$ 8
Buy-out Contracts [Member]
Defined Benefit Plan Disclosure [Line Items]
Annuity buy-out contracts and transfer amount	105	$ 135
Defined benefit plans’ projected benefit obligations	85
Quebec [Member] | Buy-in Annuity Contracts to Buy-Out Annuity Contracts [Member]
Defined Benefit Plan Disclosure [Line Items]
Annuity buy-out contracts and transfer amount	$ 141	$ 180

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income tax (benefit) expense	$ 13	$ 11	$ 16	$ 8
Current income tax expense (benefit)	21	16	22	8
Deferred income tax expense (benefit)	(8)	$ (5)	(6)	0
Tax payments, net of tax refunds	$ 4		$ 6	$ 1
Effective income tax rate	22%	32%	22%	50%
Income tax (expense) benefit related to potential acquisition of company.		$ 0		$ 0

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Work in process and finished goods	$ 389	$ 359
Raw materials	109	110
Operating and maintenance supplies	150	194
Total inventories	$ 648	$ 663

Leases - Additional Information

Leases - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2022
Lessee Lease Description [Line Items]
Leases, terminable lease term	1 year
Minimum [Member]
Lessee Lease Description [Line Items]
Leases, remaining lease term	1 year
Maximum [Member]
Lessee Lease Description [Line Items]
Leases, remaining lease term	11 years
Leases, extendable lease term	10 years

Leases - Summary of Components

Leases - Summary of Components of Lease Expense (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating lease expense	$ 5	$ 5	$ 10	$ 11

Leases - Summary of Supplementa

Leases - Summary of Supplemental Cash Flow Information Related To Leases (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 12	$ 12
Operating cash flows from finance leases		1
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$ 6	$ 2

Leases - Summary of Supplemen_2

Leases - Summary of Supplemental Balance Sheet Information Related to Leases (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Operating leases
Operating leases right-of-use assets	$ 51	$ 48
Lease liabilities due within one year	18	19
Operating lease liabilities (NOTE 9)	33	36
Operating lease liabilities, total	51	55
Finance leases
Property, plant and equipment	4	5
Accumulated depreciation	(1)	(2)
Property, plant and equipment, net	$ 3	$ 3
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment, net	Property, plant and equipment, net
Long-term debt due within one year		$ 1
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Long-term debt due within one year (NOTE 11)	Long-term debt due within one year (NOTE 11)
Long-term debt	$ 4	$ 3
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term debt (NOTE 11)	Long-term debt (NOTE 11)
Finance leases liabilities, total	$ 4	$ 4
Weighted-average remaining lease term
Operating leases	4 years 1 month 6 days	4 years 3 months 18 days
Finance leases	6 years 6 months	6 years 9 months 18 days
Weighted-average discount rate
Operating leases	3.30%	3.20%
Finance leases	4.80%	4.80%

Leases - Summary of Maturities

Leases - Summary of Maturities of Lease Liabilities (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Operating leases, 2022	$ 10
Operating leases, 2023	17
Operating leases, 2024	13
Operating leases, 2025	6
Operating leases, 2026	3
Operating leases, Thereafter	6
Operating leases, Total lease payments	55
Operating leases, Imputed interest	4
Operating leases, Total lease liabilities	51	$ 55
Finance leases, 2023	1
Finance leases, 2024	1
Finance leases, 2025	1
Finance leases, 2026	1
Finance leases, Thereafter	2
Finance leases, Total lease payments	6
Finance leases, Imputed interest	2
Finance leases, Total lease liabilities	$ 4	$ 4

Closure and Restructuring Cos_2

Closure and Restructuring Costs and Impairment of Long-lived Assets - Additional Information (Detail) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) Employee T	Jun. 30, 2021 USD ($)
Restructuring Cost And Reserve [Line Items]
Impairment of long-lived assets		$ 1		$ 7
Closure and restructuring costs (NOTE 10)		7		10
Asset conversion costs (NOTE 10)	$ 12	5	$ 25	13
Cost reduction program [Member]
Restructuring Cost And Reserve [Line Items]
Reduction of annual uncoated freesheet paper capacity | T			721,000
Expected workforce reduction | Employee			750
Accelerated depreciation
Impairment of long-lived assets		1		7
Other Restructuring Costs
Closure and restructuring costs (NOTE 10)		7		10
Conversion Of Kingsport Tennessee Mill | Kingsport Tennessee Mill
Restructuring Cost And Reserve [Line Items]
Forecasted production of high quality recycled linerboard and medium | T			600,000
Asset conversion costs (NOTE 10)	$ 12	$ 5	$ 25	$ 13

Long-Term Debt - Components of

Long-Term Debt - Components of Long-Term Debt (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Finance leases, Total lease liabilities	$ 4	$ 4
Long-term debt	1,567	1,940
Less: Unamortized debt issuance costs	29	38
The carrying value of the Company's long-term debt due within one year	7	259
Long-term debt, excluding current maturities	$ 1,531	1,643
6.25% Notes | 2042
Debt Instrument [Line Items]
Long-term debt, Maturity	2042
Par	$ 116
Unsecured notes	$ 122	264
6.75% Notes | 2044
Debt Instrument [Line Items]
Long-term debt, Maturity	2044
Par	$ 150
Unsecured notes	157	262
6.75% Notes | 2028
Debt Instrument [Line Items]
Par	642
Senior secured notes	$ 642	775
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, Maturity	2026
ABL Revolving Credit Facility		115
First Lien Term Loan
Debt Instrument [Line Items]
Long-term debt, Maturity	2028
Par	$ 648
First Lien Term Loan	$ 642	$ 520
Senior Secured Notes | 6.75% Notes | 2028
Debt Instrument [Line Items]
Long-term debt, Maturity	2028
Finance lease obligations | Minimum [Member]
Debt Instrument [Line Items]
Long-term debt, Maturity	2022
Finance lease obligations | Maximum [Member]
Debt Instrument [Line Items]
Long-term debt, Maturity	2028

Long-Term Debt - Components o_2

Long-Term Debt - Components of Long-Term Debt (Parenthetical) (Detail)	Jun. 30, 2022	Dec. 31, 2021
6.25% Notes
Debt Instrument [Line Items]
Long-term debt, interest rate	6.25%	6.25%
6.75% Notes
Debt Instrument [Line Items]
Long-term debt, interest rate	6.75%	6.75%
6.75% Notes | Senior Secured Notes
Debt Instrument [Line Items]
Long-term debt, interest rate	6.75%	6.75%

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Income by Component - Schedule of Changes in Accumulated Other Comprehensive Income by Component (Detail) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended		11 Months Ended
	Dec. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Nov. 30, 2021
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance				$ 24
Other comprehensive (loss) income		$ (20)	$ 38	8	$ 122
Ending balance	$ 24	32		32
Balance		1,590	2,091	1,539	2,260	$ 2,260
Balance	1,539	1,621	2,173	1,621	2,173
Predecessors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications						171
Amounts reclassified from Accumulated other comprehensive loss						(22)
Other comprehensive (loss) income						149
Elimination of Predecessor's Accumulated other comprehensive loss						155
Successors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications	24			21
Amounts reclassified from Accumulated other comprehensive loss				(13)
Other comprehensive (loss) income	24			8
Natural Gas Swap Contracts | Predecessors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications						22
Natural Gas Swap Contracts | Successors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications	(3)			13
Foreign Exchange Forward | Predecessors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications						2
Foreign Exchange Forward | Successors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications	3			(3)
Currency Derivatives | Predecessors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications						57
Currency Derivatives | Successors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications	8			(7)
Other Comprehensive Income (Loss) | Predecessors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications						90
Other Comprehensive Income (Loss) | Successors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications	16			18
Net Derivative (Losses) Gains on Cash Flow Hedges | Predecessors
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	27				34	34
Other comprehensive (loss) income before reclassifications						24
Amounts reclassified from Accumulated other comprehensive loss						(31)
Other comprehensive (loss) income						(7)
Ending balance						27
Elimination of Predecessor's Accumulated other comprehensive loss						(27)
Net Derivative (Losses) Gains on Cash Flow Hedges | Successors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications				10
Amounts reclassified from Accumulated other comprehensive loss				(6)
Other comprehensive (loss) income				4
Balance		4		4
Net Derivative (Losses) Gains on Cash Flow Hedges | Natural Gas Swap Contracts | Predecessors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications						22
Net Derivative (Losses) Gains on Cash Flow Hedges | Natural Gas Swap Contracts | Successors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications	(3)			13
Net Derivative (Losses) Gains on Cash Flow Hedges | Foreign Exchange Forward | Predecessors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications						2
Net Derivative (Losses) Gains on Cash Flow Hedges | Foreign Exchange Forward | Successors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications	3			(3)
Accumulated Defined Benefit Plans Adjustment | Pension Plans | Predecessors
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	(112)				(207)	(207)
Other comprehensive (loss) income before reclassifications						85
Amounts reclassified from Accumulated other comprehensive loss						10
Other comprehensive (loss) income						95
Ending balance						(112)
Elimination of Predecessor's Accumulated other comprehensive loss						112
Accumulated Defined Benefit Plans Adjustment | Pension Plans | Successors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications	17			12
Amounts reclassified from Accumulated other comprehensive loss				(6)
Other comprehensive (loss) income	17			6
Balance				17
Balance	17	23		23
Accumulated Defined Benefit Plans Adjustment | Pension Plans | Other Comprehensive Income (Loss) | Predecessors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications						85
Accumulated Defined Benefit Plans Adjustment | Pension Plans | Other Comprehensive Income (Loss) | Successors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications	17			12
Accumulated Defined Benefit Plans Adjustment | Other Post-Retirement Benefit Plans | Predecessors
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	12				8	8
Other comprehensive (loss) income before reclassifications						5
Amounts reclassified from Accumulated other comprehensive loss						(1)
Other comprehensive (loss) income						4
Ending balance						12
Elimination of Predecessor's Accumulated other comprehensive loss						(12)
Accumulated Defined Benefit Plans Adjustment | Other Post-Retirement Benefit Plans | Successors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications	(1)			6
Amounts reclassified from Accumulated other comprehensive loss				(1)
Other comprehensive (loss) income	(1)			5
Balance				(1)
Balance	(1)	4		4
Accumulated Defined Benefit Plans Adjustment | Other Post-Retirement Benefit Plans | Other Comprehensive Income (Loss) | Predecessors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications						5
Accumulated Defined Benefit Plans Adjustment | Other Post-Retirement Benefit Plans | Other Comprehensive Income (Loss) | Successors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications	(1)			6
Foreign Currency Items | Predecessors
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	(82)				(139)	(139)
Other comprehensive (loss) income before reclassifications						57
Other comprehensive (loss) income						57
Ending balance						(82)
Elimination of Predecessor's Accumulated other comprehensive loss						82
Foreign Currency Items | Successors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications	8			(7)
Other comprehensive (loss) income	8			(7)
Balance				8
Balance	8	1		1
Foreign Currency Items | Currency Derivatives | Predecessors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications						57
Foreign Currency Items | Currency Derivatives | Successors
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income before reclassifications	8			(7)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income Loss [Line Items]
Balance		52	(220)	24	(304)	(304)
Balance	24	32	$ (182)	32	(182)
Accumulated Other Comprehensive Income (Loss) | Predecessors
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(155)				$ (304)	(304)
Balance						$ (155)
Accumulated Other Comprehensive Income (Loss) | Successors
Accumulated Other Comprehensive Income Loss [Line Items]
Balance				24
Balance	$ 24	$ 32		$ 32

Changes in Accumulated Other _4

Changes in Accumulated Other Comprehensive Loss by Component - Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net derivative losses on cash flow hedge	$ 5	$ 14	$ 18
Tax (expense) benefit	(13)	(11)	(16)	$ (8)
Net of tax	51	37	74	8
Reclassification Out of Accumulated Other Comprehensive Income | Net Derivative Gains (Losses) on Cash Flow Hedge
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Loss before income taxes and equity loss	6	15	8	16
Tax (expense) benefit	(2)	(3)	(2)	(2)
Net of tax	4	12	6	14
Reclassification Out of Accumulated Other Comprehensive Income | Net Derivative Gains (Losses) on Cash Flow Hedge | Natural Gas Swap Contracts
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Cost of Sales	5	(1)	6	(1)
Reclassification Out of Accumulated Other Comprehensive Income | Net Derivative Gains (Losses) on Cash Flow Hedge | Currency Options and Forwards
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Cost of Sales	1	16	2	26
Reclassification Out of Accumulated Other Comprehensive Income | Net Derivative Gains (Losses) on Cash Flow Hedge | Net Investment Hedge
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net derivative losses on cash flow hedge				(9)
Reclassification Out of Accumulated Other Comprehensive Income | Accumulated Defined Benefit Plans Adjustment | Pension Plans
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amortization of net actuarial gain (loss)	8	(3)	8	(5)
Amortization of prior year service costs		(1)		(1)
Net derivative losses on cash flow hedge				(4)
Loss before income taxes and equity loss	8	(4)	8	(10)
Tax (expense) benefit	(2)	1	(2)	2
Net of tax	6	(3)	6	(8)
Reclassification Out of Accumulated Other Comprehensive Income | Accumulated Defined Benefit Plans Adjustment | Other Post-Retirement Benefit Plans [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amortization of net actuarial gain (loss)		1		1
Net derivative losses on cash flow hedge	1		1
Loss before income taxes and equity loss	1	1	1	1
Net of tax	$ 1	$ 1	$ 1	$ 1

Changes in Accumulated Other _5

Changes in Accumulated Other Comprehensive Income by Component - Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Parenthetical) (Detail) $ in Millions	3 Months Ended
	Jun. 30, 2022 USD ($)
Equity [Abstract]
Non-cash pension settlement gain	$ 8

Commitments and Contingencies -

Commitments and Contingencies - Changes in Reserve for Environmental Remediation and Asset Retirement Obligations (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Accrual for Environmental Loss Contingencies [Roll Forward]
Balance at beginning of year	$ 41
Additions and other changes	1
Environmental spending	(1)
Balance at end of period	$ 41

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2022 USD ($)
Pension Plans [Member]
Commitments And Contingencies [Line Items]
Provision for liability	$ 0
Indemnification Guarantee [Member]
Commitments And Contingencies [Line Items]
Provision for liability	$ 0

Segment Disclosures - Additiona

Segment Disclosures - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2022 Segment
Segment Reporting [Abstract]
Number of reportable segments	1
Number of operating segments	1

Segment Disclosures - Analysis

Segment Disclosures - Analysis and Reconciliation of Reportable Segment Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Sales	$ 1,087	$ 916	$ 2,097	$ 1,787
Consolidated operating income (loss) from continuing operations	66	48	91	39
Interest expense, net	24	20	45	35
Non-service components of net periodic benefit cost	(17)	(6)	(26)	(12)
Earnings before income taxes	59	34	72	16
Income tax expense (NOTE 7)	13	11	16	8
Earnings from continuing operations	46	23	56	8
Earnings from discontinued operations, net of taxes (NOTE 3)	5	14	18
Net earnings	51	37	74	8
Successors
Segment Reporting Information [Line Items]
Sales	1,087		2,097
Consolidated operating income (loss) from continuing operations	66		91
Interest expense, net	24		45
Non-service components of net periodic benefit cost	(17)		(26)
Earnings before income taxes	59		72
Income tax expense (NOTE 7)	13		16
Earnings from continuing operations	46		56
Earnings from discontinued operations, net of taxes (NOTE 3)	5		18
Net earnings	51		74
Operating Segments [Member] | Communication Papers [Member]
Segment Reporting Information [Line Items]
Sales		498		986
Operating Segments [Member] | Specialty and Packaging Papers [Member]
Segment Reporting Information [Line Items]
Sales		145		282
Operating Segments [Member] | Market Pulp [Member]
Segment Reporting Information [Line Items]
Sales		273		519
Operating Segments [Member] | Pulp and Paper [Member]
Segment Reporting Information [Line Items]
Consolidated operating income (loss) from continuing operations		77		78
Operating Segments [Member] | Successors | Communication Papers [Member]
Segment Reporting Information [Line Items]
Sales	635		1,214
Operating Segments [Member] | Successors | Specialty and Packaging Papers [Member]
Segment Reporting Information [Line Items]
Sales	189		364
Operating Segments [Member] | Successors | Market Pulp [Member]
Segment Reporting Information [Line Items]
Sales	263		519
Operating Segments [Member] | Successors | Pulp and Paper [Member]
Segment Reporting Information [Line Items]
Consolidated operating income (loss) from continuing operations	75		114
Corporate [Member]
Segment Reporting Information [Line Items]
Consolidated operating income (loss) from continuing operations		$ (29)		$ (39)
Corporate [Member] | Successors
Segment Reporting Information [Line Items]
Consolidated operating income (loss) from continuing operations	$ (9)		$ (23)

Segment Disclosures - Analysi_2

Segment Disclosures - Analysis and Reconciliation of Reportable Segment Information (Parenthetical) (Detail) - 6 months ended Jun. 30, 2022 - Canada Emergency Wage Subsidy [Member] $ in Millions, $ in Millions	USD ($)	CAD ($)
Reduction of Costs [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	$ 6	$ 8
Cost of Sales [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	5	6
Selling, General And Administrative [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	$ 1	$ 2

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Jul. 06, 2022	Jun. 30, 2022	Dec. 31, 2021
Subsequent Event [Line Items]
Common stock, par value		$ 0.01	$ 0.01
Subsequent Event | Secured Committed Financing
Subsequent Event [Line Items]
Equity financing	$ 500
Senior secured bridge loan	400
ABL facility	1,000
Subsequent Event | Term Loan | Secured Committed Financing
Subsequent Event [Line Items]
Farm credit system term loan	$ 500
Subsequent Event | Resolute Forest Products Inc
Subsequent Event [Line Items]
Common stock, par value	$ 20.50
Potential duty deposit refunds	$ 500
Cash consideration	$ 1,600