INVENTORIES (Tables)

6 Months Ended

Jun. 30, 2016

Inventories

Inventories include raw materials, work-in-process and finished goods.

DOLLAR AMOUNTS IN MILLIONS	JUNE 30, 2016		DECEMBER 31, 2015
LIFO Inventories:
Logs and chips	$	11	$	5
Lumber, plywood and panels	54		48
Other products	13		11
FIFO or moving average cost inventories:
Logs and chips	33		36
Lumber, plywood, panels and engineered wood products	95		75
Other products	95		84
Materials and supplies	86		66
Total	$	387	$	325