INVENTORIES (Tables)

12 Months Ended

Dec. 31, 2017

Inventories as of the End of Our Last Two Years

Inventories as of the End of Our Last Two Years

DOLLAR AMOUNTS IN MILLIONS
	DECEMBER 31, 2017		DECEMBER 31, 2016
LIFO inventories:
Logs	$	17	$	18
Lumber, plywood, panels, and fiberboard	66		61
Other products	10		10
FIFO or moving average cost inventories:
Logs	38		21
Lumber, plywood, panels, fiberboard and engineered wood products	91		73
Other products	77		90
Materials and supplies	84		85
Total	$	383	$	358