INVENTORIES (Tables) (Forest Products)

12 Months Ended

Dec. 31, 2011

Forest Products

Forest Products Inventories

Inventories as of the End of Our Last Two Years

DOLLAR AMOUNTS IN MILLIONS
	DECEMBER 31, 2011			DECEMBER 31, 2010
Logs and chips	$	68		$	66
Lumber, plywood, panels and engineered lumber	134			164
Pulp and paperboard	181			157
Other products	76			79
Materials and supplies	137			133
Subtotal	596			599
Less LIFO reserve	(120		)	(121		)
Total	$	476		$	478