CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 1,016	$ 495
Receivables, net	589	450
Receivables for taxes	7	82
Inventories (Note 5)	505	443
Prepaid expenses and other current assets	141	139
Total current assets	2,258	1,609
Property and equipment, less accumulated depreciation of $3,487 and $3,432	1,971	2,013
Construction in progress	91	73
Timber and timberlands at cost, less depletion	11,776	11,827
Minerals and mineral rights, less depletion	265	268
Deferred tax assets	106	120
Other assets	407	401
Total assets	16,874	16,311
Current liabilities:
Current maturities of long-term debt (Note 9)	150	150
Accounts payable	236	204
Accrued liabilities (Note 8)	549	596
Total current liabilities	935	950
Long-term debt, net (Note 9)	5,325	5,325
Deferred tax liabilities	26	24
Deferred pension and other post-employment benefits (Note 7)	893	911
Other liabilities	367	370
Total liabilities	7,546	7,580
Commitments and contingencies (Note 11)
Equity:
Common shares: $1.25 par value; authorized 1,360 million shares; issued and outstanding: 748,751 thousand shares at March 31, 2021 and 747,385 thousand shares at December 31, 2020	936	934
Other capital	8,222	8,208
Retained earnings	962	411
Accumulated other comprehensive loss (Note 12)	(792)	(822)
Total equity	9,328	8,731
Total liabilities and equity	$ 16,874	$ 16,311