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INVENTORIES (Tables)

6 Months Ended

Jun. 30, 2012

Forest Products inventories include raw materials, work-in-process and finished goods.



DOLLAR AMOUNTS IN MILLIONS	JUNE 30, 2012			DECEMBER 31, 2011
Logs and chips	$	70		$	68
Lumber, plywood, panels and engineered lumber	142			134
Pulp and paperboard	161			181
Other products	81			76
Materials and supplies	137			137
	591			596
Less LIFO reserve	(104		)	(120		)
Total	$	487		$	476