CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current Assets
Cash and temporary investments	$ 164	$ 360
Accounts and notes receivable, net	440	450
Contract assets	32	30
Inventories	486	364
Other current assets	39	39
Total Current Assets	1,161	1,243
Plants, Properties and Equipment, net	960	817
Forestlands	360	322
Goodwill	140	128
Right of Use Assets	43	35
Deferred Charges and Other Assets	159	165
TOTAL ASSETS	2,823	2,710
Current Liabilities
Accounts payable	391	453
Notes payable and current maturities of long-term debt	79	29
Accrued payroll and benefits	50	81
Other current liabilities	147	165
Total Current Liabilities	667	728
Long-Term Debt	954	1,003
Deferred Income Taxes	212	183
Other Liabilities	128	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 41.9 shares and 42.6 shares outstanding at June 30, 2023 and December 31, 2022, respectively	45	44
Paid-in capital	39	25
Retained earnings	2,153	2,029
Accumulated other comprehensive loss	(1,248)	(1,338)
Stockholders' equity before treasury stock	989	760
Less: Common stock held in treasury, at cost, 2.6 shares and 1.6 shares at June 30, 2023 and December 31, 2022, respectively	(127)	(82)
Total Equity	862	678
TOTAL LIABILITIES AND EQUITY	$ 2,823	$ 2,710