INVENTORIES (Tables)

9 Months Ended

Sep. 30, 2015

Inventories

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

DOLLAR AMOUNTS IN MILLIONS	SEPTEMBER 30, 2015		DECEMBER 31, 2014
LIFO Inventories:
Logs and chips	$	18	$	9
Lumber, plywood and panels	57		55
Pulp and paperboard	119		122
Other products	13		11
FIFO or moving average cost inventories:
Logs and chips	32		38
Lumber, plywood, panels and engineered wood products	77		80
Pulp and paperboard	28		35
Other products	96		96
Materials and supplies	150		149
Total	$	590	$	595