CONSOLIDATED BALANCE SHEET - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 1,095,000,000	$ 1,581,000,000
Short-term investments (Note 9)	665,000,000	0
Receivables, net	462,000,000	357,000,000
Receivables for taxes	18,000,000	42,000,000
Inventories (Note 5)	539,000,000	550,000,000
Prepaid expenses and other current assets	188,000,000	216,000,000
Total current assets	2,967,000,000	2,746,000,000
Property and equipment, less accumulated depreciation of $3,820 and $3,710	2,133,000,000	2,171,000,000
Construction in progress	260,000,000	222,000,000
Timber and timberlands at cost, less depletion	11,512,000,000	11,604,000,000
Minerals and mineral rights, less depletion	207,000,000	214,000,000
Deferred tax assets	8,000,000	8,000,000
Other assets	383,000,000	375,000,000
Total assets	17,470,000,000	17,340,000,000
Current liabilities:
Current maturities of long-term debt (Note 8)	980,000,000	982,000,000
Accounts payable	254,000,000	247,000,000
Accrued liabilities (Note 7)	473,000,000	511,000,000
Total current liabilities	1,707,000,000	1,740,000,000
Long-term debt, net (Note 8)	4,817,000,000	4,071,000,000
Deferred tax liabilities	105,000,000	96,000,000
Deferred pension and other post-employment benefits (Note 6)	348,000,000	344,000,000
Other liabilities	352,000,000	340,000,000
Total liabilities	7,329,000,000	6,591,000,000
Commitments and contingencies (Note 10)
Equity:
Common shares: $1.25 par value; authorized 1,360 million shares; issued and outstanding: 730,850 thousand shares at June 30, 2023 and 732,794 thousand shares at December 31, 2022	914,000,000	916,000,000
Other capital	7,624,000,000	7,691,000,000
Retained earnings	1,828,000,000	2,389,000,000
Accumulated other comprehensive loss (Note 11)	(225,000,000)	(247,000,000)
Total equity	10,141,000,000	10,749,000,000
Total liabilities and equity	$ 17,470,000,000	$ 17,340,000,000