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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and temporary investments $ 163 $ 159
Accounts and notes receivable, net 482 402
Contract assets 28 26
Inventories 338 279
Assets held for sale 377 179
Other current assets 21 63
Total Current Assets 1,409 1,108
Plants, Properties and Equipment, net 753 764
Forestlands 303 278
Goodwill 124 122
Right of Use Assets 39 40
Long-Term Assets Held for Sale 0 141
Deferred Charges and Other Assets 169 144
TOTAL ASSETS 2,797 2,597
Current Liabilities    
Accounts payable 396 387
Notes payable and current maturities of long-term debt 29 41
Accrued payroll and benefits 56 48
Liabilities held for sale 365 91
Other current liabilities 183 191
Total Current Liabilities 1,029 758
Long-Term Debt 1,200 1,357
Deferred Income Taxes 181 169
Long-Term Liabilities Held for Sale 0 13
Other Liabilities 129 118
Commitments and Contingent Liabilities (Note 13)
Equity    
Common stock $1 par value, 200.0 shares authorized, 44.1 shares and 43.9 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 44 44
Paid-in capital 20 4
Retained earnings 1,949 1,935
Accumulated other comprehensive loss (1,753) (1,801)
Stockholders' equity before treasury stock 260 182
Less: Common stock held in treasury, at cost, 0.1 shares and 0.0 shares at September 30, 2022 and December 31, 2021, respectively (2) 0
Total Equity 258 182
TOTAL LIABILITIES AND EQUITY $ 2,797 $ 2,597