INVENTORIES

6 Months Ended

Jun. 30, 2020

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, 2020		DECEMBER 31, 2019
LIFO inventories:
Logs	$	13	$	19
Lumber, plywood, panels and fiberboard		65		82
Other products		9		10
Moving average cost or FIFO inventories:
Logs		35		28
Lumber, plywood, panels, fiberboard and engineered wood products		86		84
Other products		99		98
Materials and supplies		102		95
Total	$	409	$	416

LIFO – the last-in, first-out method – applies to major inventory products held at our U.S. locations. The moving average cost method or FIFO – the first-in, first-out method – apply to the balance of our U.S. raw material and product inventories, all material and supply inventories and all foreign inventories.