CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 259	$ 334
Receivables, less discounts and allowances of $1 and $1	398	337
Receivables for taxes	163	137
Inventories (Note 5)	451	389
Prepaid expenses and other current assets	141	152
Current restricted financial investments held by variable interest entities (Note 6)	362	253
Total current assets	1,774	1,602
Property and equipment, less accumulated depreciation of $3,424 and $3,376	1,917	1,857
Construction in progress	102	136
Timber and timberlands at cost, less depletion	12,586	12,671
Minerals and mineral rights, less depletion	291	294
Deferred tax assets	18	15
Other assets	444	312
Restricted financial investments held by variable interest entities (Note 6)	0	362
Total assets	17,132	17,249
LIABILITIES
Current maturities of long-term debt (Note 9)	0	500
Current debt (nonrecourse to the company) held by variable interest entities (Note 6)	302	302
Borrowings on line of credit (Note 9)	245	425
Accounts payable	243	222
Accrued liabilities (Note 8)	411	490
Total current liabilities	1,201	1,939
Long-term debt (Note 9)	6,156	5,419
Deferred tax liabilities	34	43
Deferred pension and other postretirement benefits (Note 7)	542	527
Other liabilities	398	275
Total liabilities	8,331	8,203
Commitments and contingencies (Note 11)
EQUITY
Common shares: $1.25 par value; authorized 1,360 million shares; issued and outstanding: 744,767 thousand shares at March 31, 2019 and 746,391 thousand shares at December 31, 2018	931	933
Other capital	8,121	8,172
Retained earnings	543	1,093
Accumulated other comprehensive loss (Note 12)	(794)	(1,152)
Total equity	8,801	9,046
Total liabilities and equity	$ 17,132	$ 17,249