Consolidated Balance Sheet - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Current Assets
Cash and temporary investments	$ 787	$ 589
Accounts and notes receivable, net	3,477	3,521
Contract assets	399	395
Inventories	2,224	2,241
Assets held for sale	286	0
Other current assets	215	250
Total Current Assets	7,388	6,996
Plants, Properties and Equipment, net	12,962	13,067
Forestlands	405	402
Investments	1,646	1,648
Financial Assets of Variable Interest Entities (Note 16)	7,079	7,070
Goodwill	3,441	3,374
Right of Use Assets	408	0
Deferred Charges and Other Assets	1,018	1,019
Total Assets	34,347	33,576
Current Liabilities
Notes payable and current maturities of long-term debt	676	639
Accounts payable	2,498	2,413
Accrued payroll and benefits	404	535
Liabilities held for sale	250	0
Other current liabilities	1,221	1,107
Total Current Liabilities	5,049	4,694
Long-Term Debt	10,050	10,015
Nonrecourse Financial Liabilities of Variable Interest Entities (Note 16)	6,302	6,298
Deferred Income Taxes	2,624	2,600
Pension Benefit Obligation	1,694	1,762
Postretirement and Postemployment Benefit Obligation	257	264
Long-term Lease Obligations	281	0
Other Liabilities	591	560
Equity
Common stock, $1 par value, 2019 – 448.9 shares and 2018 – 448.9 shares	449	449
Paid-in capital	6,229	6,280
Retained earnings	8,302	7,465
Accumulated other comprehensive loss	(4,870)	(4,500)
Shareholders' Equity before Treasury Stock, Total	10,110	9,694
Less: Common stock held in treasury, at cost, 2019 – 55.0 shares and 2018 – 48.3 shares	2,628	2,332
Total International Paper Shareholders’ Equity	7,482	7,362
Noncontrolling interests	17	21
Total Equity	7,499	7,383
Total Liabilities and Equity	$ 34,347	$ 33,576