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DISCONTINUED OPERATIONS (Tables)
9 Months Ended
Sep. 30, 2011
DISCONTINUED OPERATIONS [Line Items] 
Net Sales and Net Earnings from Discontinued Operations
The following table summarizes the components of net sales and net earnings from discontinued operations.
 
QUARTER ENDED
 
YEAR-TO-DATE
ENDED
DOLLAR AMOUNTS IN MILLIONS    
SEPTEMBER 2011
 
SEPTEMBER 2010
 
SEPTEMBER 2011
 
SEPTEMBER 2010
Net sales:
 
 
 
 
 
 
 
Hardwoods
$
27

 
$
89

 
$
222

 
$
282

Westwood Shipping Lines
56

 
61

 
180

 
168

Total net sales from discontinued operations
$
83


$
150


$
402


$
450

Income (loss) from operations:
 
 
 
 
 
 
 
Hardwoods
$
(4
)
 
$
2

 
$
(3
)
 
$
13

Westwood Shipping Lines
(4
)
 
5

 
—

 
2

Other discontinued operations
—

 
—

 
(13
)
 
—

Total income (loss) from discontinued operations
(8
)
 
7

 
(16
)
 
15

Income taxes
3

 
(3
)
 
5

 
(6
)
Net earnings (loss) from operations
(5
)

4


(11
)

9

Net gain (loss) on sale (after-tax):
 
 
 
 
 
 
 
Hardwoods
(8
)
 
—

 
(14
)
 
—

Westwood Shipping Lines
31

 
—

 
31

 
—

Sale of property
6

 
—

 
6

 
—

Net earnings from discontinued operations
$
24

 
$
4

 
$
12

 
$
9

Balance Sheet of Hardwoods and Westwood Shipping Lines
Our Consolidated Balance Sheet includes the following assets and liabilities of our hardwoods and Westwood Shipping Lines operations as of December 31, 2010.
 
DECEMBER 31,
2010
ASSETS
 
Receivables, less allowances
$
36

Inventories
63

Prepaid expenses
7

Total current assets
106

Property and equipment, net
43

Other assets
15

Total assets
$
164

Liabilities
 
Accounts payable
$
8

Accrued liabilities
24

Total current liabilities
$
32