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INCOME TAXES - Items Included in Our Deferred Income Tax Assets (Liabilities) (Details) - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Postretirement benefits $ 37 $ 50
Pension 75 306
State tax credits 51 56
Other reserves 13 38
Depletion 41 40
Excess interest 30 0
Incentive compensation 20 23
Workers compensation 18 19
Net operating loss carryforwards 19 18
Other 83 70
Gross deferred tax assets 387 620
Valuation allowance (61) (63)
Net deferred tax assets 326 557
Property, plant and equipment (197) (154)
Timber installment notes (116) (116)
Other (41) (19)
Net deferred tax liabilities (354) (289)
Net deferred tax asset (liability) $ (28) $ 268