INVENTORIES (Tables)

3 Months Ended

Mar. 31, 2021

Inventory Disclosure [Abstract]

Inventories

Inventories include raw materials, work-in-process, finished goods, as well as materials and supplies.

DOLLAR AMOUNTS IN MILLIONS	MARCH 31, 2021		DECEMBER 31, 2020
LIFO inventories:
Logs	$	20	$	24
Lumber, plywood, panels and fiberboard		80		59
Other products		8		9
Moving average cost or FIFO inventories:
Logs		92		64
Lumber, plywood, panels, fiberboard and engineered wood products		90		84
Other products		106		100
Materials and supplies		109		103
Total	$	505	$	443