Segment Disclosures

9 Months Ended

Sep. 30, 2024

NOTE 14.

_________________

SEGMENT DISCLOSURES

The Company operates as three reportable segments as described below, which also represent its three operating segments based on the Company's organizational structure:

•

Paper and Packaging – consists of the design, manufacturing, marketing and distribution of a wide variety of fiber-based products including communication, specialty and packaging papers as well as fluff and softwood pulp.

•

Pulp and Tissue – consists of the design, manufacturing, marketing and distribution of a wide variety of fiber-based products including market pulp, tissue and paper.

•

Wood products – consists of the production of lumber and other wood products for the residential construction and home renovation markets, as well as for specialized structural and industrial applications.

The Company evaluates segment performance based on operating income. Certain Corporate general and administrative costs are allocated to each respective segment. Corporate costs that are not related to segment activities are presented on the Corporate and other line. The Company does not allocate interest expense and income taxes to the segment. No segment assets are reported as they are not identifiable by segment.

An analysis and reconciliation of the Company’s business segment information to the respective information in the financial statements is as follows:



	For the three months ended						For the nine months ended
	September 30,			September 30,			September 30,			September 30,
SEGMENT DATA	2024			2023			2024			2023
	$			$			$			$
Sales by segment
Paper and packaging		1,192			1,159			3,526			3,755
Pulp and tissue		372			326			1,122			834
Wood products		232			253			727			620
Total for reportable segments		1,796			1,738			5,375			5,209
Intersegment sales		(25	)		(8	)		(68	)		(15	)
Consolidated sales		1,771			1,730			5,307			5,194

Sales by product group
Communication papers		617			642			1,874			1,999
Specialty and packaging papers		275			273			852			860
Market pulp		444			376			1,284			1,287
Linerboard		56			34			138			34
Newsprint		92			94			264			259
Tissue		55			58			168			135
Wood		232			253			727			620
Consolidated sales		1,771			1,730			5,307			5,194

Operating income (loss) from continuing operations
Paper and packaging		137			(38	)		242			161
Pulp and tissue		21			4			28			8
Wood products		(35	)		(32	)		(103	)		(58	)
Corporate and other		(3	)		(31	)		(46	)		(145	)
Consolidated operating income (loss) from continuing operations		120			(97	)		121			(34	)
Interest expense, net		61			65			177			176
Non-service components of net periodic benefit cost		(5	)		(2	)		(16	)		(10	)
Earnings (loss) before income taxes		64			(160	)		(40	)		(200	)
Income tax expense (benefit)		121			35			25			(30	)
Loss from continuing operations		(57	)		(195	)		(65	)		(170	)
Earnings from discontinued operations, net of taxes		—			—			—			13
Net loss		(57	)		(195	)		(65	)		(157	)

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Domtar CORP 10-Q