CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,920	$ 1,879
Receivables, net	425	507
Receivables for taxes	15	24
Inventories (Note 5)	542	520
Prepaid expenses and other current assets	146	205
Total current assets	3,048	3,135
Property and equipment, less accumulated depreciation of $3,680 and $3,592	1,997	2,057
Construction in progress	245	175
Timber and timberlands at cost, less depletion	11,681	11,510
Minerals and mineral rights, less depletion	245	255
Deferred tax assets	10	17
Other assets	364	503
Total assets	17,590	17,652
Current liabilities:
Current maturities of long-term debt (Note 8)	118	0
Accounts payable	272	281
Accrued liabilities (Note 7)	664	673
Total current liabilities	1,054	954
Long-term debt, net (Note 8)	4,935	5,099
Deferred tax liabilities	89	46
Deferred pension and other post-employment benefits (Note 6)	335	440
Other liabilities	339	346
Total liabilities	6,752	6,885
Commitments and contingencies (Note 10)
Equity:
Common shares: $1.25 par value; authorized 1,360 million shares; issued and outstanding: 737,547 thousand shares at September 30, 2022 and 747,301 thousand shares at December 31, 2021	922	934
Other capital	7,824	8,181
Retained earnings	2,510	2,131
Accumulated other comprehensive loss (Note 11)	(418)	(479)
Total equity	10,838	10,767
Total liabilities and equity	$ 17,590	$ 17,652