INVENTORIES (Tables)

12 Months Ended

Dec. 31, 2015

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, 2015		DECEMBER 31, 2014
LIFO inventories:
Logs and chips	$	15	$	9
Lumber, plywood and panels	48		55
Pulp and paperboard	111		122
Other products	11		11
FIFO or moving average cost inventories:
Logs and chips	38		38
Lumber, plywood, panels and engineered wood products	75		80
Pulp and paperboard	32		35
Other products	90		96
Materials and supplies	148		149
Total	$	568	$	595