Consolidated Balance Sheet - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Current Assets
Cash and temporary investments	$ 641	$ 589
Accounts and notes receivable, net	3,493	3,521
Contract assets	410	395
Inventories	2,301	2,241
Other current assets	217	250
Total Current Assets	7,062	6,996
Plants, Properties and Equipment, net	13,071	13,067
Forestlands	401	402
Investments	1,770	1,648
Financial Assets of Special Purpose Entities (Note 15)	7,074	7,070
Goodwill	3,393	3,374
Right of Use Assets	415	0
Deferred Charges and Other Assets	992	1,019
Total Assets	34,178	33,576
Current Liabilities
Notes payable and current maturities of long-term debt	809	639
Accounts payable	2,518	2,413
Accrued payroll and benefits	354	535
Other current liabilities	1,272	1,107
Total Current Liabilities	4,953	4,694
Long-Term Debt	9,965	10,015
Nonrecourse Financial Liabilities of Special Purpose Entities (Note 15)	6,300	6,298
Deferred Income Taxes	2,634	2,600
Pension Benefit Obligation	1,727	1,762
Postretirement and Postemployment Benefit Obligation	260	264
Long-term Lease Obligations	281	0
Other Liabilities	589	560
Equity
Common stock, $1 par value, 2019 – 448.9 shares and 2018 – 448.9 shares	449	449
Paid-in capital	6,159	6,280
Retained earnings	8,211	7,465
Accumulated other comprehensive loss	(4,975)	(4,500)
Shareholders' Equity before Treasury Stock, Total	9,844	9,694
Less: Common stock held in treasury, at cost, 2019 – 49.9 shares and 2018 – 48.3 shares	2,398	2,332
Total International Paper Shareholders’ Equity	7,446	7,362
Noncontrolling interests	23	21
Total Equity	7,469	7,383
Total Liabilities and Equity	$ 34,178	$ 33,576