CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current Assets
Cash and temporary investments	$ 145	$ 220
Restricted cash	60	60
Accounts and notes receivable, net	411	428
Contract assets	32	27
Inventories	412	404
Other current assets	40	54
Total Current Assets	1,100	1,193
Plants, Properties and Equipment, net	955	1,002
Forestlands	346	364
Goodwill	121	139
Right of Use Assets	59	58
Deferred Charges and Other Assets	110	116
TOTAL ASSETS	2,691	2,872
Current Liabilities
Accounts payable	389	421
Notes payable and current maturities of long-term debt	28	28
Accrued payroll and benefits	65	63
Other current liabilities	172	183
Total Current Liabilities	654	695
Long-Term Debt	894	931
Deferred Income Taxes	162	189
Other Liabilities	151	156
Commitments and Contingent Liabilities (Note 12)
Equity
Common stock $1 par value, 200.0 shares authorized, 44.9 shares and 44.5 shares issued and 41.0 shares and 41.2 shares outstanding at June 30, 2024 and December 31, 2023, respectively	45	45
Paid-in capital	60	48
Retained earnings	2,317	2,222
Accumulated other comprehensive loss	(1,397)	(1,256)
Stockholders' equity before treasury stock	1,025	1,059
Less: Common stock held in treasury, at cost, 3.9 shares and 3.3 shares at June 30, 2024 and December 31, 2023, respectively	(195)	(158)
Total Equity	830	901
TOTAL LIABILITIES AND EQUITY	$ 2,691	$ 2,872