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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and cash equivalents $ 334 $ 824
Receivables, less discounts and allowances of $1 and $1 337 396
Receivables for taxes 137 14
Inventories (Note 7) 389 383
Prepaid expenses and other current assets 152 98
Current restricted financial investments held by variable interest entities (Note 9) 253 0
Total current assets 1,602 1,715
Property and equipment, less accumulated depreciation of $3,376 and $3,338 (Note 8) 1,857 1,618
Construction in progress 136 225
Timber and timberlands at cost, less depletion 12,671 12,954
Minerals and mineral rights, less depletion 294 308
Deferred tax assets (Note 21) 15 268
Other assets 312 356
Restricted financial investments held by variable interest entities (Note 9) 362 615
Total assets 17,249 18,059
LIABILITIES AND EQUITY    
Current maturities of long-term debt (Notes 13 and 14) 500 62
Current debt (nonrecourse to the company) held by variable interest entities (Note 9) 302 209
Borrowings on line of credit (Note 12 and 14) 425 0
Accounts payable 222 249
Accrued liabilities (Note 11) 490 645
Total current liabilities 1,939 1,165
Long-term debt (Notes 13 and 14) 5,419 5,930
Long-term debt (nonrecourse to the company) held by variable interest entities (Note 9) 0 302
Deferred tax liabilities 43 0
Deferred pension and other postretirement benefits (Note 10) 527 1,487
Other liabilities 275 276
Total liabilities 8,203 9,160
Weyerhaeuser shareholders’ interest (Notes 16 and 17):    
Common shares: $1.25 par value; authorized 1,360 million shares; issued and outstanding: 746,391 thousand shares at December 31, 2018 and 755,223 thousand shares at December 31, 2017 933 944
Other capital 8,172 8,439
Retained earnings 1,093 1,078
Accumulated other comprehensive loss (Note 16) (1,152) (1,562)
Total equity 9,046 8,899
Total liabilities and equity $ 17,249 $ 18,059