INVENTORIES

6 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

INVENTORIES

NOTE 5: INVENTORIES

Inventories include raw materials, work-in-process, finished goods, as well as materials and supplies.

DOLLAR AMOUNTS IN MILLIONS	JUNE 30, 2019		DECEMBER 31, 2018
LIFO inventories:
Logs	$	16	$	11
Lumber, plywood, panels and fiberboard		80		75
Other products		13		10
FIFO or moving average cost inventories:
Logs		33		35
Lumber, plywood, panels, fiberboard and engineered wood products		101		86
Other products		83		83
Materials and supplies		99		89
Total	$	425	$	389

LIFO – the last-in, first-out method – applies to major inventory products held at our U.S. locations. The FIFO – the first-in, first-out method – or moving average cost methods apply to the balance of our U.S. raw material and product inventories, all material and supply inventories and all foreign inventories. If we used FIFO for all LIFO inventories, our stated inventories would have been higher by $79 as of June 30, 2019, and December 31, 2018.