CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash and temporary investments	$ 123	$ 135
Accounts and notes receivable, net	366	424
Contract assets	26	19
Inventories	503	418
Other current assets	89	80
Total Current Assets	1,107	1,076
Plants, Properties and Equipment, net	1,093	1,047
Forestlands	393	364
Goodwill	121	114
Right of Use Assets	60	48
Deferred Charges and Other Assets	101	114
TOTAL ASSETS	2,875	2,763
Current Liabilities
Accounts payable	422	381
Notes payable and current maturities of long-term debt	121	90
Accrued payroll and benefits	52	55
Other current liabilities	157	190
Total Current Liabilities	752	716
Long-Term Debt	843	763
Deferred Income Taxes	171	175
Other Liabilities	154	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 39.8 shares and 39.4 shares outstanding at June 30, 2026 and December 31, 2025, respectively	46	46
Paid-in capital	97	89
Retained earnings	2,464	2,514
Accumulated other comprehensive loss	(1,316)	(1,353)
Stockholders' equity before treasury stock	1,291	1,296
Less: Common stock held in treasury, at cost, 6.2 shares and 6.2 shares at June 30, 2026 and December 31, 2025, respectively	(336)	(330)
Total Equity	955	966
TOTAL LIABILITIES AND EQUITY	$ 2,875	$ 2,763