INVENTORIES (Tables)

3 Months Ended

Mar. 31, 2022

Inventory Disclosure [Abstract]

Inventories

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

DOLLAR AMOUNTS IN MILLIONS	MARCH 31, 2022		DECEMBER 31, 2021
LIFO inventories:
Logs	$	30	$	26
Lumber, plywood, panels and fiberboard		80		61
Other products		22		17
Moving average cost or FIFO inventories:
Logs		104		65
Lumber, plywood, panels, fiberboard and engineered wood products		116		106
Other products		140		131
Materials and supplies		119		114
Total	$	611	$	520