REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2018

Revenue from External Customer [Line Items]

Revenue by Major Products

MAJOR PRODUCTS

A reconciliation of revenue recognized by our major products:

	QUARTER ENDED				YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS	JUNE 2018		JUNE 2017		JUNE 2018		JUNE 2017
Net sales:
Timberlands Segment
Delivered logs(1):
West
Domestic sales	$	136	$	126	$	273	$	245
Export sales	126		101		255		207
Subtotal West	262		227		528		452
South	158		148		315		296
North	20		16		45		43
Other	7		11		21		31
Subtotal delivered logs sales	447		402		909		822
Stumpage and pay-as-cut timber	11		17		26		29
Recreational and other lease revenue	15		15		29		29
Other(2)	9		35		23		75
Net sales attributable to Timberlands segment	482		469		987		955
Real Estate & ENR Segment
Real estate	38		27		72		64
Energy and natural resources	20		19		37		35
Net sales attributable to Real Estate & ENR segment	58		46		109		99
Wood Products Segment
Structural lumber	681		538		1,250		1,016
Engineered solid section	139		130		268		247
Engineered I-joists	92		85		170		158
Oriented strand board	277		225		509		428
Softwood plywood	55		47		105		91
Medium density fiberboard	47		51		90		98
Complementary building products	160		149		297		271
Other	74		68		145		138
Net sales attributable to Wood Products segment	1,525		1,293		2,834		2,447
Total net sales	$	2,065	$	1,808	$	3,930	$	3,501

(1) The West region includes Washington and Oregon. The South region includes Virginia, North Carolina, South Carolina, Florida, Georgia, Alabama, Mississippi, Louisiana, Arkansas, Texas and Oklahoma. The North region includes West Virginia, Maine, New Hampshire, Vermont, Michigan, Wisconsin and Montana. Other includes our Canadian operations and managed Twin Creeks Venture. Our management agreement for the Twin Creeks Venture began in April 2016 and terminated in December 2017.

(2) Other Timberlands sales include sales of seeds and seedlings, chips, as well as sales from our former Uruguayan operations (sold during third quarter 2017). Our former Uruguayan operations included logs, plywood and hardwood lumber harvested or produced. Refer to Note 4: Operations Divested for further information.