Consolidated Balance Sheet - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Current Assets
Cash and temporary investments	$ 1,026	$ 1,018
Accounts and notes receivable, net	3,580	3,287
Contract assets	(383)	0
Inventories	2,130	2,313
Assets held for sale	0	1,377
Other current assets	199	282
Total Current Assets	7,318	8,277
Plants, Properties and Equipment, net	13,088	13,265
Forestlands	388	448
Investments	1,615	390
Financial Assets of Special Purpose Entities (Note 15)	7,065	7,051
Goodwill	3,371	3,411
Deferred Charges and Other Assets	958	1,061
Total Assets	33,803	33,903
Current Liabilities
Notes payable and current maturities of long-term debt	555	311
Accounts payable	2,510	2,458
Accrued payroll and benefits	484	485
Liabilities held for sale	0	805
Other accrued liabilities	1,054	1,043
Total Current Liabilities	4,603	5,102
Long-Term Debt	10,700	10,846
Nonrecourse Financial Liabilities of Special Purpose Entities (Note 15)	6,296	6,291
Deferred Income Taxes	2,512	2,291
Pension Benefit Obligation	1,785	1,939
Postretirement and Postemployment Benefit Obligation	305	326
Other Liabilities	544	567
Equity
Common stock, $1 par value, 2018 – 448.9 shares and 2017 – 448.9 shares	449	449
Paid-in capital	6,256	6,206
Retained earnings	7,353	6,180
Accumulated other comprehensive loss	(4,887)	(4,633)
Shareholders' Equity before Treasury Stock, Total	9,171	8,202
Less: Common stock held in treasury, at cost, 2018 – 43.9 shares and 2017 – 36.0 shares	2,131	1,680
Total International Paper Shareholders’ Equity	7,040	6,522
Noncontrolling interests	18	19
Total Equity	7,058	6,541
Total Liabilities and Equity	$ 33,803	$ 33,903