CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 1,458	$ 139
Receivables, net	390	309
Receivables for taxes	24	98
Inventories (Note 5)	480	416
Assets held for sale	0	140
Prepaid expenses and other current assets	141	147
Current restricted financial investments held by variable interest entities (Note 6)	0	362
Total current assets	2,493	1,611
Property and equipment, less accumulated depreciation of $3,460 and $3,477	1,911	1,969
Construction in progress	153	130
Timber and timberlands at cost, less depletion	11,847	11,929
Minerals and mineral rights, less depletion	278	281
Deferred tax assets	147	72
Other assets	399	414
Total assets	17,228	16,406
Current liabilities:
Current maturities of long-term debt (Note 9)	577	0
Borrowings on line of credit (Note 9)	550	230
Accounts payable	241	246
Accrued liabilities (Note 8)	448	530
Total current liabilities	1,816	1,006
Long-term debt, net (Note 9)	6,299	6,147
Deferred tax liabilities	10	6
Deferred pension and other postretirement benefits (Note 7)	669	693
Other liabilities	352	377
Total liabilities	9,146	8,229
Commitments and contingencies (Note 11)
Equity:
Common shares: $1.25 par value; authorized 1,360 million shares; issued and outstanding: 746,206 thousand shares at March 31, 2020 and 745,300 thousand shares at December 31, 2019	933	932
Other capital	8,159	8,152
Accumulated deficit	(109)	(3)
Accumulated other comprehensive loss (Note 12)	(901)	(904)
Total equity	8,082	8,177
Total liabilities and equity	$ 17,228	$ 16,406