INVENTORIES (Tables)

12 Months Ended

Dec. 31, 2012

Forest Products Inventories

Inventories as of the End of Our Last Two Years

DOLLAR AMOUNTS IN MILLIONS
	DECEMBER 31, 2012			DECEMBER 31, 2011
Logs and chips	$	72		$	68
Lumber, plywood, panels and engineered lumber	151			134
Pulp and paperboard	185			181
Other products	96			76
Materials and supplies	139			137
Subtotal	643			596
Less LIFO reserve	(112		)	(120		)
Total	$	531		$	476