INVENTORIES (Tables)

12 Months Ended

Dec. 31, 2014

Inventories as of the End of Our Last Two Years

Inventories as of the End of Our Last Two Years

DOLLAR AMOUNTS IN MILLIONS
	DECEMBER 31, 2014		DECEMBER 31, 2013
LIFO inventories:
Logs and chips	$	9	$	15
Lumber, plywood and panels	55		46
Pulp and paperboard	122		97
Other products	11		11
FIFO or moving average cost inventories:
Logs and chips	38		33
Lumber, plywood, panels and engineered wood products	80		70
Pulp and paperboard	35		30
Other products	96		94
Materials and supplies	149		146
Total	$	595	$	542