CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 901	$ 824
Receivables, less discounts and allowances of $1 and $1	491	396
Receivables for taxes	23	14
Inventories (Note 6)	414	383
Prepaid expenses and other current assets	146	98
Current restricted financial investments held by variable interest entities (Note 7)	253	0
Total current assets	2,228	1,715
Property and equipment, less accumulated depreciation of $3,370 and $3,338	1,597	1,618
Construction in progress	282	225
Timber and timberlands at cost, less depletion	12,790	12,954
Minerals and mineral rights, less depletion	302	308
Goodwill	40	40
Deferred tax assets	168	268
Other assets	279	316
Restricted financial investments held by variable interest entities (Note 7)	362	615
Total assets	18,048	18,059
Liabilities
Current maturities of long-term debt (Note 10)	0	62
Current debt (nonrecourse to the company) held by variable interest entities (Note 7)	209	209
Accounts payable	270	249
Accrued liabilities (Note 9)	543	645
Total current liabilities	1,022	1,165
Long-term debt (Note 10)	5,924	5,930
Long-term debt (nonrecourse to the company) held by variable interest entities (Note 7)	302	302
Deferred pension and other postretirement benefits (Note 8)	1,224	1,487
Other liabilities	295	276
Total liabilities	8,767	9,160
Commitments and contingencies (Note 12)
Equity:
Common shares: $1.25 par value; authorized 1,360,000,000 shares; issued and outstanding: 757,646,433 and 755,222,727 shares	947	944
Other capital	8,496	8,439
Retained earnings	1,441	1,078
Accumulated other comprehensive loss (Note 13)	(1,603)	(1,562)
Total equity	9,281	8,899
Total liabilities and equity	$ 18,048	$ 18,059