ACCRUED LIABILITIES

3 Months Ended

Mar. 31, 2013

ACCRUED LIABILITIES

ACCRUED LIABILITIES

Forest Products accrued liabilities were comprised of the following:

DOLLAR AMOUNTS IN MILLIONS	MARCH 31, 2013		DECEMBER 31, 2012
Wages, salaries and severance pay	$	124	$	139
Pension and postretirement	57		58
Vacation pay	50		46
Income taxes	15		—
Taxes – Social Security and real and personal property	30		27
Interest	70		99
Customer rebates and volume discounts	34		44
Deferred income	54		60
Other	97		88
Total	$	531	$	561