CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 871	$ 1,164
Receivables, net	405	354
Receivables for taxes	13	10
Inventories (Note 5)	630	566
Prepaid expenses and other current assets	192	219
Total current assets	2,111	2,313
Property and equipment, less accumulated depreciation of $3,935 and $3,901	2,283	2,269
Construction in progress	243	270
Timber and timberlands at cost, less depletion	11,481	11,528
Minerals and mineral rights, less depletion	198	200
Deferred tax assets	14	15
Other assets	426	388
Total assets	16,756	16,983
Current liabilities:
Current maturities of long-term debt	210	0
Accounts payable	310	287
Accrued liabilities (Note 7)	424	501
Total current liabilities	944	788
Long-term debt, net	4,861	5,069
Deferred tax liabilities	84	81
Deferred pension and other post-employment benefits (Note 6)	460	461
Other liabilities	353	348
Total liabilities	6,702	6,747
Commitments and contingencies (Note 10)
Equity:
Common shares: $1.25 par value; authorized 1,360 million shares; issued and outstanding: 729,141 thousand shares at March 31, 2024 and 729,753 thousand shares at December 31, 2023	912	912
Other capital	7,566	7,608
Retained earnings	1,870	2,009
Accumulated other comprehensive loss (Note 11)	(294)	(293)
Total equity	10,054	10,236
Total liabilities and equity	$ 16,756	$ 16,983