CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Current Assets
Cash and temporary investments	$ 94	$ 205
Accounts and notes receivable, net	393	429
Contract assets	18	26
Inventories	434	361
Other current assets	51	42
Total Current Assets	990	1,063
Plants, Properties and Equipment, net	1,045	944
Forestlands	378	319
Goodwill	128	111
Right of Use Assets	53	58
Deferred Charges and Other Assets	109	109
Total Assets	2,703	2,604
Current Liabilities
Accounts payable	383	375
Notes payable and current maturities of long-term debt	30	22
Accrued payroll and benefits	57	79
Other current liabilities	183	206
Total Current Liabilities	653	682
Long-Term Debt	778	782
Deferred Income Taxes	148	152
Other Liabilities	147	141
Commitments and Contingent Liabilities (Note 11)
Equity
Common stock $1.00 par value, 200.0 shares authorized, 45.6 shares and 44.9 shares issued and 39.4 shares and 40.6 shares outstanding at September 30, 2025 and December 31, 2024, respectively	45	45
Paid-in capital	89	71
Retained earnings	2,499	2,455
Accumulated other comprehensive loss	(1,326)	(1,490)
Stockholders' equity before treasury stock	1,307	1,081
Less: Common stock held in treasury, at cost, 6.1 shares and 4.3 shares at September 30, 2025 and December 31, 2024, respectively	(330)	(234)
Total Equity	977	847
TOTAL LIABILITIES AND EQUITY	$ 2,703	$ 2,604