CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current Assets
Cash and temporary investments	$ 229	$ 180
Accounts and notes receivable, net	483	490
Contract assets	29	29
Inventories	376	342
Other current assets	56	67
Total Current Assets	1,173	1,108
Plants, Properties and Equipment, net	816	885
Forestlands	330	278
Goodwill	151	132
Right of Use Assets	43	41
Deferred Charges and Other Assets	196	153
TOTAL ASSETS	2,709	2,597
Current Liabilities
Accounts payable	435	445
Notes payable and current maturities of long-term debt	25	42
Accrued payroll and benefits	46	51
Other current liabilities	181	220
Total Current Liabilities	687	758
Long-Term Debt	1,341	1,358
Deferred Income Taxes	205	169
Other Liabilities	145	130
Commitments and Contingent Liabilities (Note 12)
Equity
Common stock $1 par value, 200.0 shares authorized, 44.1 shares and 43.9 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	44	44
Paid-in capital	8	4
Retained earnings	1,961	1,935
Accumulated other comprehensive loss	(1,680)	(1,801)
Stockholders' equity before treasury stock	333	182
Less: Common stock held in treasury, at cost, 0.1 shares and 0.0 shares at March 31, 2022 and December 31, 2021, respectively.	(2)	0
Total Accumulated Other Comprehensive Income (Loss) at End of Period	331	182
TOTAL LIABILITIES AND EQUITY	$ 2,709	$ 2,597