ACCRUED LIABILITIES

12 Months Ended

Dec. 31, 2012

ACCRUED LIABILITIES

ACCRUED LIABILITIES

Forest Products accrued liabilities were comprised of the following:

DOLLAR AMOUNTS IN MILLIONS
	DECEMBER 31, 2012		DECEMBER 31, 2011
Wages, salaries and severance pay	$	139	$	136
Pension and postretirement	58		63
Vacation pay	46		44
Income taxes	—		13
Taxes – Social Security and real and personal property	27		29
Interest	99		99
Customer rebates and volume discounts	44		54
Deferred income	60		59
Other	88		96
Total	$	561	$	593