INCOME TAXES	3 Months Ended
Mar. 31, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 16: INCOME TAXES As a real estate investment trust (REIT), we generally are not subject to federal corporate income taxes on REIT taxable income that is distributed to shareholders. We are required to pay corporate income taxes on earnings of our wholly-owned Taxable REIT Subsidiaries (TRSs), which includes our Wood Products segment earnings and portions of our Timberlands and Real Estate & ENR segments' earnings. The quarterly provision for income taxes is based on our current estimate of the annual effective tax rate and is adjusted for discrete taxable events that may occur during the quarter. Our 2020 estimated annual effective tax rate, excluding discrete items, differs from the U.S. federal statutory tax rate of 21 percent primarily due to tax benefits associated with our nontaxable REIT earnings and the projected mix of earnings between our REIT and our TRSs. At the end of 2020, we expect to have approximately $60 million in unrecognized tax benefits that, if recognized, would favorably affect our receivables for taxes. These benefits relate to our interest expense calculation under the Tax Cuts and Jobs Act of 2017. We anticipate forthcoming Federal Tax Regulations, which are currently under review by the Treasury Department, will resolve uncertainties related to this tax position within the next 12 months. This tax position does not impact our effective tax rate.

INCOME TAXES

3 Months Ended

Mar. 31, 2020

NOTE 16: INCOME TAXES

As a real estate investment trust (REIT), we generally are not subject to federal corporate income taxes on REIT taxable income that is distributed to shareholders. We are required to pay corporate income taxes on earnings of our wholly-owned Taxable REIT Subsidiaries (TRSs), which includes our Wood Products segment earnings and portions of our Timberlands and Real Estate & ENR segments' earnings.

The quarterly provision for income taxes is based on our current estimate of the annual effective tax rate and is adjusted for discrete taxable events that may occur during the quarter. Our 2020 estimated annual effective tax rate, excluding discrete items, differs from the U.S. federal statutory tax rate of 21 percent primarily due to tax benefits associated with our nontaxable REIT earnings and the projected mix of earnings between our REIT and our TRSs.

At the end of 2020, we expect to have approximately $60 million in unrecognized tax benefits that, if recognized, would favorably affect our receivables for taxes. These benefits relate to our interest expense calculation under the Tax Cuts and Jobs Act of 2017. We anticipate forthcoming Federal Tax Regulations, which are currently under review by the Treasury Department, will resolve uncertainties related to this tax position within the next 12 months. This tax position does not impact our effective tax rate.