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ACCRUED LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2011
Forest Products Accrued Liabilities
Forest Products accrued liabilities were comprised of the following:
DOLLAR AMOUNTS IN MILLIONS
  
December 31,
2011

December 31,
2010

Wages, salaries and severance pay
$
136

$
165

Pension and postretirement
63

65

Vacation pay
44

50

Income taxes
13

65

Taxes – Social Security and real and personal property
29

28

Interest
99

110

Customer rebates and volume discounts
54

63

Deferred income
59

51

Other
96

137

Total
$
593

$
734