Consolidated Balance Sheet - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Current Assets
Cash and temporary investments	$ 697	$ 589
Accounts and notes receivable, net	3,305	3,521
Contract assets	388	395
Inventories	2,194	2,241
Assets held for sale	278	0
Other current assets	189	250
Total Current Assets	7,051	6,996
Plants, Properties and Equipment, net	12,845	13,067
Forestlands	378	402
Investments	1,651	1,648
Financial Assets of Variable Interest Entities (Note 16)	7,084	7,070
Goodwill	3,412	3,374
Right of Use Assets	425	0
Deferred Charges and Other Assets	1,002	1,019
Total Assets	33,848	33,576
Current Liabilities
Notes payable and current maturities of long-term debt	402	639
Accounts payable	2,349	2,413
Accrued payroll and benefits	442	535
Liabilities held for sale	248	0
Other current liabilities	1,288	1,107
Total Current Liabilities	4,729	4,694
Long-Term Debt	9,957	10,015
Nonrecourse Financial Liabilities of Variable Interest Entities (Note 16)	6,303	6,298
Deferred Income Taxes	2,643	2,600
Pension Benefit Obligation	1,653	1,762
Postretirement and Postemployment Benefit Obligation	248	264
Long-Term Lease Obligations	292	0
Other Liabilities	567	560
Equity
Common stock, $1 par value, 2019 – 448.9 shares and 2018 – 448.9 shares	449	449
Paid-in capital	6,261	6,280
Retained earnings	8,447	7,465
Accumulated other comprehensive loss	(5,014)	(4,500)
Shareholders' Equity before Treasury Stock, Total	10,143	9,694
Less: Common stock held in treasury, at cost, 2019 – 56.8 shares and 2018 – 48.3 shares	2,702	2,332
Total International Paper Shareholders’ Equity	7,441	7,362
Noncontrolling interests	15	21
Total Equity	7,456	7,383
Total Liabilities and Equity	$ 33,848	$ 33,576