CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 497	$ 676
Receivables, less discounts and allowances of $1 and $1	485	390
Receivables for taxes	65	84
Inventories (Note 6)	340	358
Prepaid expenses and other current assets	130	114
Total current assets	1,517	1,622
Property and equipment, less accumulated depreciation of $3,417 and $3,306	1,534	1,562
Construction in progress	225	213
Timber and timberlands at cost, less depletion charged to disposals	13,627	14,299
Minerals and mineral rights, less depletion	312	319
Investments in and advances to joint ventures (Note 7)	33	56
Goodwill	40	40
Deferred tax assets	240	293
Other assets	259	224
Restricted financial investments held by variable interest entities	615	615
Total assets	18,402	19,243
Liabilities
Current maturities of long-term debt (Note 10)	62	281
Accounts payable	259	233
Accrued liabilities (Note 9)	702	692
Total current liabilities	1,023	1,206
Long-term debt (Note 10)	5,933	6,329
Long-term debt (nonrecourse to the company) held by variable interest entities	511	511
Deferred pension and other postretirement benefits (Note 8)	1,201	1,322
Deposit from contribution of timberlands to related party (Note 7)	416	426
Other liabilities	273	269
Total liabilities	9,357	10,063
Commitments and contingencies (Note 12)
Equity:
Common shares: $1.25 par value; authorized 1,360,000,000 shares; issued and outstanding: 753,050,533 and 748,528,131 shares	941	936
Other capital	8,391	8,282
Retained earnings	1,050	1,421
Cumulative other comprehensive loss (Note 13)	(1,337)	(1,459)
Total equity	9,045	9,180
Total liabilities and equity	$ 18,402	$ 19,243