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INCOME TAXES - Items Included in Our Deferred Income Tax Assets (Liabilities) (Details) - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Postretirement benefits $ 50 $ 76
Pension 306 395
State tax credits 56 46
Other reserves 38 14
Net operating loss carryforwards 18 25
Other 152 218
Gross deferred tax assets 620 774
Valuation allowance (63) (56)
Net deferred tax assets 557 718
Property, plant and equipment (154) (214)
Timber installment notes (116) (180)
Other (19) (31)
Deferred tax liabilities (289) (425)
Net deferred tax asset (liability) $ 268 $ 293