INVENTORIES (Tables)

9 Months Ended

Sep. 30, 2017

Inventories

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

DOLLAR AMOUNTS IN MILLIONS	SEPTEMBER 30, 2017		DECEMBER 31, 2016
LIFO Inventories:
Logs	$	5	$	18
Lumber, plywood and panels	44		51
Medium density fiberboard	11		10
Other products	14		10
FIFO or moving average cost inventories:
Logs	19		21
Lumber, plywood, panels and engineered wood products	81		71
Other products	81		92
Materials and supplies	85		85
Total	$	340	$	358