INVENTORIES (Tables)

3 Months Ended

Mar. 31, 2016

Inventories

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

DOLLAR AMOUNTS IN MILLIONS	MARCH 31, 2016		DECEMBER 31, 2015
LIFO Inventories:
Logs and chips	$	28	$	15
Lumber, plywood and panels	57		48
Pulp and paperboard	109		111
Other products	13		11
FIFO or moving average cost inventories:
Logs and chips	71		38
Lumber, plywood, panels and engineered wood products	94		75
Pulp and paperboard	37		32
Other products	100		90
Materials and supplies	168		148
Total	$	677	$	568