CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Current Assets
Cash and temporary investments	$ 154	$ 205
Accounts and notes receivable, net	416	429
Contract assets	26	26
Inventories	372	361
Other current assets	43	42
Total Current Assets	1,011	1,063
Plants, Properties and Equipment, net	977	944
Forestlands	350	319
Goodwill	119	111
Right of Use Assets	59	58
Deferred Charges and Other Assets	113	109
TOTAL ASSETS	2,629	2,604
Current Liabilities
Accounts payable	386	375
Notes payable and current maturities of long-term debt	23	22
Accrued payroll and benefits	52	79
Other current liabilities	155	206
Total Current Liabilities	616	682
Long-Term Debt	794	782
Deferred Income Taxes	162	152
Other Liabilities	149	141
Commitments and Contingent Liabilities (Note 11)
Equity
Common stock $1 par value, 200.0 shares authorized, 45.5 shares and 44.9 shares issued and 40.7 shares and 40.6 shares outstanding at March 31, 2025 and December 31, 2024, respectively	45	45
Paid-in capital	78	71
Retained earnings	2,463	2,455
Accumulated other comprehensive loss	(1,410)	(1,490)
Stockholders' equity before treasury stock	1,176	1,081
Less: Common stock held in treasury, at cost, 4.8 shares and 4.3 shares at March 31, 2025 and December 31, 2024, respectively	(268)	(234)
Total Equity	908	847
TOTAL LIABILITIES AND EQUITY	$ 2,629	$ 2,604