CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Current Assets
Cash and temporary investments	$ 194	$ 360
Restricted Cash and Cash Equivalents	60	0
Accounts and notes receivable, net	423	450
Contract assets	25	30
Inventories	456	364
Other current assets	28	39
Total Current Assets	1,186	1,243
Plants, Properties and Equipment, net	949	817
Forestlands	346	322
Goodwill	134	128
Right of Use Assets	39	35
Deferred Charges and Other Assets	131	165
TOTAL ASSETS	2,785	2,710
Current Liabilities
Accounts payable	382	453
Notes payable and current maturities of long-term debt	53	29
Accrued payroll and benefits	66	81
Other current liabilities	173	165
Total Current Liabilities	674	728
Long-Term Debt	946	1,003
Deferred Income Taxes	202	183
Other Liabilities	127	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 41.5 shares and 42.6 shares outstanding at September 30, 2023 and December 31, 2022, respectively	45	44
Paid-in capital	45	25
Retained earnings	2,185	2,029
Accumulated other comprehensive loss	(1,298)	(1,338)
Stockholders' equity before treasury stock	977	760
Less: Common stock held in treasury, at cost, 2.9 shares and 1.6 shares at September 30, 2023 and December 31, 2022, respectively	(141)	(82)
Total Equity	836	678
TOTAL LIABILITIES AND EQUITY	$ 2,785	$ 2,710