CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 643	$ 139
Receivables, net	420	309
Receivables for taxes	48	98
Inventories (Note 5)	409	416
Assets held for sale	0	140
Prepaid expenses and other current assets	131	147
Current restricted financial investments held by variable interest entities (Note 6)	0	362
Total current assets	1,651	1,611
Property and equipment, less accumulated depreciation of $3,493 and $3,477	1,958	1,969
Construction in progress	110	130
Timber and timberlands at cost, less depletion	11,780	11,929
Minerals and mineral rights, less depletion	275	281
Deferred tax assets	65	72
Other assets	415	414
Total assets	16,254	16,406
Current liabilities:
Borrowings on line of credit (Note 9)	0	230
Accounts payable	199	246
Accrued liabilities (Note 8)	525	530
Total current liabilities	724	1,006
Long-term debt, net (Note 9)	6,299	6,147
Deferred tax liabilities	18	6
Deferred pension and other postretirement benefits (Note 7)	652	693
Other liabilities	359	377
Total liabilities	8,052	8,229
Commitments and contingencies (Note 11)
Equity:
Common shares: $1.25 par value; authorized 1,360 million shares; issued and outstanding: 746,251 thousand shares at June 30, 2020 and 745,300 thousand shares at December 31, 2019	933	932
Other capital	8,166	8,152
Accumulated deficit	(37)	(3)
Accumulated other comprehensive loss (Note 12)	(860)	(904)
Total equity	8,202	8,177
Total liabilities and equity	$ 16,254	$ 16,406