INVENTORIES

12 Months Ended

Dec. 31, 2024

Inventory Disclosure [Abstract]

INVENTORIES

NOTE 6: INVENTORIES

Inventories include raw materials, work-in-process and finished goods as well as materials and supplies, as shown below:

DOLLAR AMOUNTS IN MILLIONS
	December 31, 2024		December 31, 2023
LIFO inventories:
Logs	$	23	$	29
Lumber, plywood, oriented strand board and fiberboard		82		77
Other products		14		12
Moving average cost or FIFO inventories:
Logs		55		49
Lumber, plywood, oriented strand board, fiberboard and engineered wood products		130		115
Other products		147		134
Materials and supplies		156		150
Total	$	607	$	566

If we used FIFO for all LIFO inventories, our stated inventories would have been higher by $115 million as of December 31, 2024 and $115 million as of December 31, 2023.

HOW WE ACCOUNT FOR OUR INVENTORIES

The Inventories section of Note 1: Summary of Significant Accounting Policies provides details about how we account for our inventories.