CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current Assets
Cash and temporary investments	$ 191	$ 360
Accounts and notes receivable, net	441	450
Contract assets	33	30
Inventories	506	364
Other current assets	38	39
Total Current Assets	1,209	1,243
Plants, Properties and Equipment, net	938	817
Forestlands	340	322
Goodwill	133	128
Right of Use Assets	37	35
Deferred Charges and Other Assets	141	165
TOTAL ASSETS	2,798	2,710
Current Liabilities
Accounts payable	409	453
Notes payable and current maturities of long-term debt	104	29
Accrued payroll and benefits	53	81
Other current liabilities	160	165
Total Current Liabilities	726	728
Long-Term Debt	954	1,003
Deferred Income Taxes	198	183
Other Liabilities	130	118
Commitments and Contingent Liabilities (Note 13)
Equity
Common stock $1 par value, 200.0 shares authorized, 44.5 shares and 44.2 shares issued and 42.6 shares and 42.6 shares outstanding at March 31, 2023 and December 31, 2022, respectively	44	44
Paid-in capital	32	25
Retained earnings	2,116	2,029
Accumulated other comprehensive loss	(1,305)	(1,338)
Stockholders' equity before treasury stock	887	760
Less: Common stock held in treasury, at cost, 1.9 shares and 1.6 shares at March 31, 2023 and December 31, 2022, respectively	(97)	(82)
Total Equity	790	678
TOTAL LIABILITIES AND EQUITY	$ 2,798	$ 2,710