INVENTORIES (Tables)

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

Inventories

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

DOLLAR AMOUNTS IN MILLIONS	JUNE 30, 2022		DECEMBER 31, 2021
LIFO inventories:
Logs	$	17	$	26
Lumber, plywood, panels and fiberboard		75		61
Other products		25		17
Moving average cost or FIFO inventories:
Logs		53		65
Lumber, plywood, panels, fiberboard and engineered wood products		127		106
Other products		151		131
Materials and supplies		123		114
Total	$	571	$	520