INVENTORIES (Tables)

3 Months Ended

Mar. 31, 2017

Inventories

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

DOLLAR AMOUNTS IN MILLIONS	MARCH 31, 2017		DECEMBER 31, 2016
LIFO Inventories:
Logs	$	12	$	18
Lumber, plywood and panels	60		51
Other products	24		20
FIFO or moving average cost inventories:
Logs	41		21
Lumber, plywood, panels and engineered wood products	76		71
Other products	85		92
Materials and supplies	88		85
Total	$	386	$	358