INVENTORIES (Tables)

6 Months Ended

Jun. 30, 2013

Forest Products inventories

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

DOLLAR AMOUNTS IN MILLIONS	JUNE 30, 2013		DECEMBER 31, 2012
LIFO Inventories:
Logs and chips	$	17	$	17
Lumber, plywood and panels	65		46
Pulp and paperboard	106		121
Other products	10		8
FIFO or moving average cost inventories:
Logs and chips	29		28
Lumber, plywood, panels and engineered lumber	84		66
Pulp and paperboard	27		19
Other products	83		87
Materials and supplies	140		139
Total	$	561	$	531