CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 797	$ 1,581
Receivables, net	440	357
Receivables for taxes	28	42
Inventories (Note 5)	586	550
Prepaid expenses and other current assets	202	216
Total current assets	2,053	2,746
Property and equipment, less accumulated depreciation of $3,759 and $3,710	2,157	2,171
Construction in progress	222	222
Timber and timberlands at cost, less depletion	11,564	11,604
Minerals and mineral rights, less depletion	211	214
Deferred tax assets	8	8
Other assets	365	375
Total assets	16,580	17,340
Current liabilities:
Current maturities of long-term debt (Note 8)	981	982
Accounts payable	266	247
Accrued liabilities (Note 7)	403	511
Total current liabilities	1,650	1,740
Long-term debt, net (Note 8)	4,072	4,071
Deferred tax liabilities	101	96
Deferred pension and other post-employment benefits (Note 6)	346	344
Other liabilities	335	340
Total liabilities	6,504	6,591
Commitments and contingencies (Note 10)
Equity:
Common shares: $1.25 par value; authorized 1,360 million shares; issued and outstanding: 732,507 thousand shares at March 31, 2023 and 732,794 thousand shares at December 31, 2022	916	916
Other capital	7,662	7,691
Retained earnings	1,738	2,389
Accumulated other comprehensive loss (Note 11)	(240)	(247)
Total equity	10,076	10,749
Total liabilities and equity	$ 16,580	$ 17,340