INVENTORIES (Tables)

6 Months Ended

Jun. 30, 2021

Inventory Disclosure [Abstract]

Inventories

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

DOLLAR AMOUNTS IN MILLIONS	JUNE 30, 2021		DECEMBER 31, 2020
LIFO inventories:
Logs	$	17	$	24
Lumber, plywood, panels and fiberboard		80		59
Other products		10		9
Moving average cost or FIFO inventories:
Logs		67		64
Lumber, plywood, panels, fiberboard and engineered wood products		104		84
Other products		109		100
Materials and supplies		112		103
Total	$	499	$	443