INVENTORIES (Tables)

9 Months Ended

Sep. 30, 2014

Inventories

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

DOLLAR AMOUNTS IN MILLIONS	SEPTEMBER 30, 2014		DECEMBER 31, 2013
LIFO Inventories:
Logs and chips	$	12	$	15
Lumber, plywood and panels	54		46
Pulp and paperboard	109		97
Other products	10		11
FIFO or moving average cost inventories:
Logs and chips	32		33
Lumber, plywood, panels and engineered lumber	85		70
Pulp and paperboard	28		30
Other products	96		94
Materials and supplies	152		146
Total	$	578	$	542