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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 139 $ 334
Receivables, net 309 337
Receivables for taxes 98 137
Inventories (Note 6) 416 389
Assets held for sale (Note 4) 140 0
Prepaid expenses and other current assets 147 152
Current restricted financial investments held by variable interest entities (Note 8) 362 253
Total current assets 1,611 1,602
Property and equipment, net (Note 7) 1,969 1,857
Construction in progress 130 136
Timber and timberlands at cost, less depletion 11,929 12,671
Minerals and mineral rights, less depletion 281 294
Deferred tax assets (Note 21) 72 15
Other assets 414 312
Restricted financial investments held by variable interest entities (Note 8) 0 362
Total assets 16,406 17,249
Current liabilities:    
Current maturities of long-term debt (Notes 12 and 13) 0 500
Current debt (nonrecourse to the company) held by variable interest entities (Note 8) 0 302
Borrowings on line of credit (Notes 11 and 13) 230 425
Accounts payable 246 222
Accrued liabilities (Note 10) 530 490
Total current liabilities 1,006 1,939
Long-term debt, net (Notes 12 and 13) 6,147 5,419
Deferred tax liabilities (Note 21) 6 43
Deferred pension and other postretirement benefits (Note 9) 693 527
Other liabilities 377 275
Commitments and contingencies (Note 14)
Total liabilities 8,229 8,203
Weyerhaeuser shareholders’ interest (Notes 15 and 16):    
Common shares: $1.25 par value; authorized 1,360 million shares; issued and outstanding: 745,300 thousand shares at December 31, 2019 and 746,391 thousand shares at December 31, 2018 932 933
Other capital 8,152 8,172
Retained earnings (accumulated deficit) (3) 1,093
Accumulated other comprehensive loss (Note 15) (904) (1,152)
Total equity 8,177 9,046
Total liabilities and equity $ 16,406 $ 17,249