CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Current Assets
Cash and temporary investments	$ 113	$ 205
Accounts and notes receivable, net	383	429
Contract assets	21	26
Inventories	396	361
Other current assets	64	42
Total Current Assets	977	1,063
Plants, Properties and Equipment, net	1,034	944
Forestlands	367	319
Goodwill	126	111
Right of Use Assets	57	58
Deferred Charges and Other Assets	107	109
TOTAL ASSETS	2,668	2,604
Current Liabilities
Accounts payable	371	375
Notes payable and current maturities of long-term debt	46	22
Accrued payroll and benefits	53	79
Other current liabilities	165	206
Total Current Liabilities	635	682
Long-Term Debt	767	782
Deferred Income Taxes	151	152
Other Liabilities	156	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 40.4 shares and 40.6 shares outstanding at June 30, 2025 and December 31, 2024, respectively	45	45
Paid-in capital	85	71
Retained earnings	2,460	2,455
Accumulated other comprehensive loss	(1,343)	(1,490)
Stockholders' equity before treasury stock	1,247	1,081
Less: Common stock held in treasury, at cost, 5.2 shares and 4.3 shares at June 30, 2025 and December 31, 2024, respectively	(288)	(234)
Total Equity	959	847
TOTAL LIABILITIES AND EQUITY	$ 2,668	$ 2,604