CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current Assets
Cash and temporary investments	$ 130	$ 135
Accounts and notes receivable, net	378	424
Contract assets	20	19
Inventories	483	418
Other current assets	86	80
Total Current Assets	1,097	1,076
Plants, Properties and Equipment, net	1,064	1,047
Forestlands	389	364
Goodwill	121	114
Right of Use Assets	54	48
Deferred Charges and Other Assets	109	114
TOTAL ASSETS	2,834	2,763
Current Liabilities
Accounts payable	407	381
Notes payable and current maturities of long-term debt	155	90
Accrued payroll and benefits	56	55
Other current liabilities	140	190
Total Current Liabilities	758	716
Long-Term Debt	766	763
Deferred Income Taxes	179	175
Other Liabilities	152	143
Commitments and Contingent Liabilities (Note 11)
Equity
Common stock $1.00 par value, 200.0 shares authorized, 46.0 shares and 45.6 shares issued and 39.7 shares and 39.4 shares outstanding at March 31, 2026 and December 31, 2025, respectively	46	46
Paid-in capital	93	89
Retained earnings	2,493	2,514
Accumulated other comprehensive loss	(1,317)	(1,353)
Stockholders' equity before treasury stock	1,315	1,296
Less: Common stock held in treasury, at cost, 6.2 shares and 6.2 shares at March 31, 2026 and December 31, 2025, respectively	(336)	(330)
Total Equity	979	966
Liabilities and Equity, Total	$ 2,834	$ 2,763