CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 787	$ 139
Receivables, net	500	309
Receivables for taxes	48	98
Inventories (Note 5)	411	416
Assets held for sale (Note 15)	199	140
Prepaid expenses and other current assets	101	147
Current restricted financial investments held by variable interest entities (Note 6)	0	362
Total current assets	2,046	1,611
Property and equipment, less accumulated depreciation of $3,423 and $3,477	1,945	1,969
Construction in progress	119	130
Timber and timberlands at cost, less depletion	11,465	11,929
Minerals and mineral rights, less depletion	271	281
Deferred tax assets	44	72
Other assets	466	414
Total assets	16,356	16,406
Current liabilities:
Borrowings on line of credit (Note 9)	0	230
Accounts payable	215	246
Accrued liabilities (Note 8)	617	530
Total current liabilities	832	1,006
Long-term debt, net (Note 9)	5,974	6,147
Deferred tax liabilities	27	6
Deferred pension and other postretirement benefits (Note 7)	638	693
Other liabilities	358	377
Total liabilities	7,829	8,229
Commitments and contingencies (Note 11)
Equity:
Common shares: $1.25 par value; authorized 1,360 million shares; issued and outstanding: 746,398 thousand shares at September 30, 2020 and 745,300 thousand shares at December 31, 2019	933	932
Other capital	8,178	8,152
Retained earnings (accumulated deficit)	246	(3)
Accumulated other comprehensive loss (Note 12)	(830)	(904)
Total equity	8,527	8,177
Total liabilities and equity	$ 16,356	$ 16,406