INVENTORIES (Tables)

9 Months Ended

Sep. 30, 2016

Inventories

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

DOLLAR AMOUNTS IN MILLIONS	SEPTEMBER 30, 2016		DECEMBER 31, 2015
LIFO Inventories:
Logs	$	8	$	5
Lumber, plywood and panels	48		48
Other products	14		11
FIFO or moving average cost inventories:
Logs	27		36
Lumber, plywood, panels and engineered wood products	83		75
Other products	104		84
Materials and supplies	84		66
Total	$	368	$	325