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


DOLLAR AMOUNTS IN MILLIONS	MARCH 31, 2025		DECEMBER 31, 2024
LIFO inventories:
Logs	$	21	$	23
Lumber, plywood, oriented strand board and fiberboard		95		82
Other products		14		14
Moving average cost or FIFO inventories:
Logs		71		55
Lumber, plywood, oriented strand board, fiberboard and engineered wood products		146		130
Other products		164		147
Materials and supplies		164		156
Total	$	675	$	607

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.