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ACCRUED LIABILITIES (Tables)
6 Months Ended
Jun. 30, 2012
Forest Products Accrued Liabilities
Forest Products accrued liabilities were comprised of the following:
DOLLAR AMOUNTS IN MILLIONS    
JUNE 30,
2012
 
DECEMBER 31,
2011
Wages, salaries and severance pay
$
110

 
$
136

Pension and postretirement
64

 
63

Vacation pay
46

 
44

Income taxes
13

 
13

Taxes – Social Security and real and personal property
33

 
29

Interest
99

 
99

Customer rebates and volume discounts
36

 
54

Deferred income
62

 
59

Other
113

 
96

Total
$
576

 
$
593