Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Current Assets
Cash and temporary investments	$ 1,018	$ 1,033
Accounts and notes receivable, less allowances of $73 in 2017 and $70 in 2016	3,287	2,852
Inventories	2,313	2,233
Assets held for sale	1,377	361
Other current assets	282	191
Total Current Assets	8,277	6,670
Plants, Properties and Equipment, net	13,265	13,003
Forestlands	448	456
Investments	390	360
Financial Assets of Special Purpose Entities (Note 12)	7,051	7,033
Long-Term Assets Held for Sale	0	1,018
Goodwill	3,411	3,364
Deferred Charges and Other Assets	1,061	1,189
TOTAL ASSETS	33,903	33,093
Current Liabilities
Notes payable and current maturities of long-term debt	311	239
Accounts payable	2,458	2,199
Accrued payroll and benefits	485	401
Liabilities held for sale	805	161
Other accrued liabilities	1,043	1,069
Total Current Liabilities	5,102	4,069
Long-Term Liabilities Held for Sale	0	8
Long-Term Debt	10,846	11,075
Nonrecourse Financial Liabilities of Special Purpose Entities (Note 12)	6,291	6,284
Deferred Income Taxes	2,291	3,127
Pension Benefit Obligation	1,939	3,400
Postretirement and Postemployment Benefit Obligation	326	330
Other Liabilities	567	441
Commitments and Contingent Liabilities (Note 11)
Equity
Common stock $1 par value, 2017 - 448.9 shares & 2016 – 448.9 shares	449	449
Paid-in capital	6,206	6,189
Retained earnings	6,180	4,818
Accumulated other comprehensive loss	(4,633)	(5,362)
Total Shareholders' Equity Before Treasury Stock	8,202	6,094
Less: Common stock held in treasury, at cost, 2017 – 35.975 shares and 2016 – 37.671 shares	1,680	1,753
Total International Paper Shareholders’ Equity	6,522	4,341
Noncontrolling interests	19	18
Total Equity	6,541	4,359
TOTAL LIABILITIES AND EQUITY	$ 33,903	$ 33,093