Consolidated Balance Sheet (USD $) In Millions, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Current Assets
Cash and temporary investments	$ 1,302	$ 3,994
Accounts and notes receivable, less allowances of $119 in 2012 and $126 in 2011	3,562	3,486
Inventories	2,730	2,320
Deferred income tax assets	323	296
Assets of businesses held for sale	759	196
Other current assets	229	164
Total Current Assets	8,905	10,456
Plants, Properties and Equipment, net	13,949	11,817
Forestlands	622	660
Investments	887	657
Financial Assets of Special Purpose Entities (Note 11)	2,108	0
Goodwill	4,315	2,346
Deferred Charges and Other Assets	1,367	1,082
Total Assets	32,153	27,018
Current Liabilities
Notes payable and current maturities of long-term debt	444	719
Accounts payable	2,775	2,500
Accrued payroll and benefits	508	467
Liabilities of businesses held for sale	44	43
Other accrued liabilities	1,227	1,009
Total Current Liabilities	4,998	4,738
Long-Term Debt	9,696	9,189
Nonrecourse Financial Liabilities of Special Purpose Entities (Note 11)	2,036	0
Deferred Income Taxes	3,026	2,497
Pension Benefit Obligation	4,112	2,375
Postretirement and Postemployment Benefit Obligation	473	476
Other Liabilities	1,176	758
Commitments and Contingent Liabilities (Note 10)
Equity
Common stock $1 par value, 2012 – 439.9 shares and 2011 – 438.9 shares	440	439
Paid-in capital	6,042	5,908
Retained earnings	3,662	3,355
Accumulated other comprehensive loss	(3,840)	(3,005)
Total Shareholders' Equity Before Treasury Stock	6,304	6,697
Less: Common stock held in treasury, at cost, 2012 – 0.013 shares and 2011 – 1.9 shares	0	52
Total Shareholders’ Equity	6,304	6,645
Noncontrolling interests	332	340
Total Equity	6,636	6,985
Total Liabilities and Equity	$ 32,153	$ 27,018