CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 1,777	$ 495
Receivables, net	702	450
Receivables for taxes	7	82
Inventories (Note 5)	499	443
Assets held for sale (Note 14)	229	0
Prepaid expenses and other current assets	141	139
Total current assets	3,355	1,609
Property and equipment, less accumulated depreciation of $3,550 and $3,432	1,965	2,013
Construction in progress	102	73
Timber and timberlands at cost, less depletion	11,643	11,827
Minerals and mineral rights, less depletion	262	268
Deferred tax assets	71	120
Other assets	432	401
Total assets	17,830	16,311
Current liabilities:
Current maturities of long-term debt (Note 9)	150	150
Accounts payable	253	204
Accrued liabilities (Note 8)	775	596
Total current liabilities	1,178	950
Long-term debt, net (Note 9)	5,100	5,325
Deferred tax liabilities	42	24
Deferred pension and other post-employment benefits (Note 7)	747	911
Other liabilities	363	370
Total liabilities	7,430	7,580
Commitments and contingencies (Note 11)
Equity:
Common shares: $1.25 par value; authorized 1,360 million shares; issued and outstanding: 749,782 thousand shares at June 30, 2021 and 747,385 thousand shares at December 31, 2020	937	934
Other capital	8,258	8,208
Retained earnings	1,861	411
Accumulated other comprehensive loss (Note 12)	(656)	(822)
Total equity	10,400	8,731
Total liabilities and equity	$ 17,830	$ 16,311