INVENTORIES (Tables)

3 Months Ended

Mar. 31, 2014

Inventories

Inventories include raw materials, work-in-process and finished goods.

DOLLAR AMOUNTS IN MILLIONS	MARCH 31, 2014		DECEMBER 31, 2013
LIFO Inventories:
Logs and chips	$	18	$	15
Lumber, plywood and panels	69		46
Pulp and paperboard	103		97
Other products	13		11
FIFO or moving average cost inventories:
Logs and chips	59		33
Lumber, plywood, panels and engineered lumber	89		70
Pulp and paperboard	34		30
Other products	92		94
Materials and supplies	149		146
Total	$	626	$	542