Consolidated Balance Sheet - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Current Assets
Cash and temporary investments	$ 998	$ 1,033
Accounts and notes receivable, net	3,078	3,001
Inventories	2,394	2,438
Other current assets	251	198
Total Current Assets	6,721	6,670
Plants, Properties and Equipment, net	14,049	13,990
Forestlands	471	456
Investments	311	360
Financial Assets of Special Purpose Entities (Note 13)	7,037	7,033
Goodwill	3,402	3,364
Deferred Charges and Other Assets	1,310	1,220
Total Assets	33,301	33,093
Current Liabilities
Notes payable and current maturities of long-term debt	454	239
Accounts payable	2,380	2,309
Accrued payroll and benefits	359	430
Other accrued liabilities	1,074	1,091
Total Current Liabilities	4,267	4,069
Long-Term Debt	10,823	11,075
Nonrecourse Financial Liabilities of Special Purpose Entities (Note 13)	6,286	6,284
Deferred Income Taxes	3,185	3,127
Pension Benefit Obligation	3,375	3,400
Postretirement and Postemployment Benefit Obligation	325	330
Other Liabilities	446	449
Equity
Common stock, $1 par value, 2017 – 448.9 shares and 2016 – 448.9 shares	449	449
Paid-in capital	6,128	6,189
Retained earnings	4,832	4,818
Accumulated other comprehensive loss	(5,152)	(5,362)
Shareholders' Equity before Treasury Stock, Total	6,257	6,094
Less: Common stock held in treasury, at cost, 2017 – 36.022 shares and 2016 – 37.671 shares	1,682	1,753
Total Shareholders’ Equity	4,575	4,341
Noncontrolling interests	19	18
Total Equity	4,594	4,359
Total Liabilities and Equity	$ 33,301	$ 33,093

The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively.

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- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).