INVENTORIES (Tables)

6 Months Ended

Jun. 30, 2017

Inventories

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

DOLLAR AMOUNTS IN MILLIONS	JUNE 30, 2017		DECEMBER 31, 2016
LIFO Inventories:
Logs	$	5	$	18
Lumber, plywood and panels	52		51
Medium density fiberboard	9		10
Other products	21		10
FIFO or moving average cost inventories:
Logs	18		21
Lumber, plywood, panels and engineered wood products	81		71
Other products	80		92
Materials and supplies	83		85
Total	$	349	$	358