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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and temporary investments $ 248 $ 220
Restricted cash 60 60
Accounts and notes receivable, net 439 428
Contract assets 34 27
Inventories 421 404
Other current assets 27 54
Total Current Assets 1,229 1,193
Plants, Properties and Equipment, net 970 1,002
Forestlands 361 364
Goodwill 125 139
Right of Use Assets 60 58
Deferred Charges and Other Assets 116 116
TOTAL ASSETS 2,861 2,872
Current Liabilities    
Accounts payable 381 421
Notes payable and current maturities of long-term debt 43 28
Accrued payroll and benefits 76 63
Other current liabilities 214 183
Total Current Liabilities 714 695
Long-Term Debt 883 931
Deferred Income Taxes 164 189
Other Liabilities 163 156
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 September 30, 2024 and December 31, 2023, respectively 45 45
Paid-in capital 65 48
Retained earnings 2,393 2,222
Accumulated other comprehensive loss (1,371) (1,256)
Stockholders' equity before treasury stock 1,132 1,059
Less: Common stock held in treasury, at cost, 3.9 shares and 3.3 shares at September 30, 2024 and December 31, 2023, respectively (195) (158)
Total Equity 937 901
TOTAL LIABILITIES AND EQUITY $ 2,861 $ 2,872