DISCONTINUED OPERATIONS (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2011

Dec. 31, 2011

DISCONTINUED OPERATIONS [Line Items]

Operations Included in Discontinued Operations

OPERATIONS INCLUDED IN DISCONTINUED OPERATIONS

Discontinued Operations

Operations	Disposition	Segment where activities were included	Pretax gain or loss on sale
Hardwoods	Sold 2011 — third quarter	Wood Products	$22 million loss in Wood Products
Westwood Shipping Lines	Sold 2011 — third quarter	Corporate and Other	$49 million gain in Corporate and Other

Net Sales and Net Earnings from Discontinued Operations

NET EARNINGS (LOSS) FROM DISCONTINUED OPERATIONS

Sales, Net Earnings (Loss) from Discontinued Operations

DOLLAR AMOUNTS IN MILLIONS
	2011			2010			2009
Net sales:
Hardwoods	$	222		$	367		$	312
Westwood Shipping Lines	180			231			148
Total net sales from discontinued operations	$	402		$	598		$	460
Income (loss) from operations:
Hardwoods	$	(3	)	$	8		$	(47	)
Westwood Shipping Lines	—			6			(21		)
Other discontinued operations	(13		)	—			—
Total income (loss) from discontinued operations	(16		)	14			(68		)
Income taxes	5			(5		)	25
Net earnings (loss) from operations	(11		)	9			(43		)
Net gain (loss) on sale (after-tax):
Hardwoods	(14		)	—			—
Westwood Shipping Lines	31			—			—
Sale of property	6			—			—
Net earnings (loss) from discontinued operations	$	12		$	9		$	(43	)

Balance Sheet of Hardwoods and Westwood Shipping Lines

Our Consolidated Balance Sheet includes the following assets and liabilities of our hardwoods and Westwood Shipping Lines operations as of December 31, 2010.

Carrying Value of Assets and Liabilities

DOLLAR AMOUNTS IN MILLIONS
	December 31, 2010
Assets
Receivables, less allowances	$	36
Inventories	63
Prepaid expenses	7
Total current assets	106
Property and equipment, net	43
Other assets	15
Total assets	$	164
Liabilities
Accounts payable	$	8
Accrued liabilities	24
Total current liabilities	$	32