CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 153	$ 334
Receivables, less discounts and allowances of $1 and $1	368	337
Receivables for taxes	149	137
Inventories (Note 5)	393	389
Assets held for sale (Note 16)	251	0
Prepaid expenses and other current assets	141	152
Current restricted financial investments held by variable interest entities (Note 6)	362	253
Total current assets	1,817	1,602
Property and equipment, less accumulated depreciation of $3,471 and $3,376	1,860	1,857
Construction in progress	187	136
Timber and timberlands at cost, less depletion	12,192	12,671
Minerals and mineral rights, less depletion	284	294
Deferred tax assets	31	15
Other assets	461	312
Restricted financial investments held by variable interest entities (Note 6)	0	362
Total assets	16,832	17,249
Current liabilities:
Current maturities of long-term debt (Note 9)	0	500
Current debt (nonrecourse to the company) held by variable interest entities (Note 6)	0	302
Borrowings on line of credit (Note 9)	440	425
Accounts payable	242	222
Accrued liabilities (Note 8)	487	490
Total current liabilities	1,169	1,939
Long-term debt, net (Note 9)	6,150	5,419
Deferred tax liabilities	25	43
Deferred pension and other postretirement benefits (Note 7)	506	527
Other liabilities	383	275
Total liabilities	8,233	8,203
Commitments and contingencies (Note 11)
Equity:
Common shares: $1.25 par value; authorized 1,360 million shares; issued and outstanding: 745,071 thousand shares at September 30, 2019 and 746,391 thousand shares at December 31, 2018	931	933
Other capital	8,140	8,172
Retained earnings	264	1,093
Accumulated other comprehensive loss (Note 12)	(736)	(1,152)
Total equity	8,599	9,046
Total liabilities and equity	$ 16,832	$ 17,249