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


DOLLAR AMOUNTS IN MILLIONS	JUNE 30, 2024		DECEMBER 31, 2023
LIFO inventories:
Logs	$	16	$	29
Lumber, plywood, oriented strand board and fiberboard		90		77
Other products		13		12
Moving average cost or FIFO inventories:
Logs		49		49
Lumber, plywood, oriented strand board, fiberboard and engineered wood products		143		115
Other products		144		134
Materials and supplies		159		150
Total	$	614	$	566

LIFO – the last-in, first-out method – applies to major inventory products held at our U.S. locations. The moving average cost method or FIFO – the first-in, first-out method – applies to the balance of our U.S. raw material and product inventories, all material and supply inventories and all foreign inventories.