CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,205	$ 1,879
Receivables, net	745	507
Receivables for taxes	8	24
Inventories (Note 5)	611	520
Prepaid expenses and other current assets	206	205
Total current assets	2,775	3,135
Property and equipment, less accumulated depreciation of $3,654 and $3,592	2,026	2,057
Construction in progress	203	175
Timber and timberlands at cost, less depletion	11,469	11,510
Minerals and mineral rights, less depletion	252	255
Deferred tax assets	15	17
Other assets	376	503
Total assets	17,116	17,652
Current liabilities:
Accounts payable	310	281
Accrued liabilities (Note 7)	674	673
Total current liabilities	984	954
Long-term debt, net (Note 8)	5,053	5,099
Deferred tax liabilities	66	46
Deferred pension and other post-employment benefits (Note 6)	432	440
Other liabilities	344	346
Total liabilities	6,879	6,885
Commitments and contingencies (Note 10)
Equity:
Common shares: $1.25 par value; authorized 1,360 million shares; issued and outstanding: 745,442 thousand shares at March 31, 2022 and 747,301 thousand shares at December 31, 2021	932	934
Other capital	8,076	8,181
Retained earnings	1,679	2,131
Accumulated other comprehensive loss (Note 11)	(450)	(479)
Total equity	10,237	10,767
Total liabilities and equity	$ 17,116	$ 17,652