CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 997	$ 1,164
Receivables, net	410	354
Receivables for taxes	10	10
Inventories (Note 5)	614	566
Prepaid expenses and other current assets	152	219
Total current assets	2,183	2,313
Property and equipment, less accumulated depreciation of $3,970 and $3,901	2,240	2,269
Construction in progress	303	270
Timber and timberlands at cost, less depletion	11,475	11,528
Minerals and mineral rights, less depletion	194	200
Deferred tax assets	13	15
Other assets	392	388
Total assets	16,800	16,983
Current liabilities:
Current maturities of long-term debt (Note 8)	210	0
Accounts payable	281	287
Accrued liabilities (Note 7)	504	501
Total current liabilities	995	788
Long-term debt, net (Note 8)	4,862	5,069
Deferred tax liabilities	87	81
Deferred pension and other post-employment benefits (Note 6)	460	461
Other liabilities	351	348
Total liabilities	6,755	6,747
Commitments and contingencies (Note 10)
Equity:
Common shares: $1.25 par value; authorized 1,360 million shares; issued and outstanding: 727,519 thousand shares at June 30, 2024 and 729,753 thousand shares at December 31, 2023	910	912
Other capital	7,530	7,608
Retained earnings	1,897	2,009
Accumulated other comprehensive loss (Note 11)	(292)	(293)
Total equity	10,045	10,236
Total liabilities and equity	$ 16,800	$ 16,983