Consolidated Balance Sheet (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Current Assets
Cash and temporary investments	$ 1,881	$ 1,802
Accounts and notes receivable, less allowances of $82 in 2014 and $109 in 2013	3,083	3,756
Inventories	2,424	2,825
Deferred income tax assets	331	302
Other current assets	240	340
Total Current Assets	7,959	9,025
Plants, Properties and Equipment, net	12,728	13,672
Forestlands	507	557
Investments	248	733
Financial Assets of Special Purpose Entities (Note 12)	2,145	2,127
Goodwill	3,773	3,987
Deferred Charges and Other Assets	1,324	1,427
TOTAL ASSETS	28,684	31,528
Current Liabilities
Notes payable and current maturities of long-term debt	742	661
Accounts payable	2,664	2,900
Accrued payroll and benefits	477	511
Other accrued liabilities	1,026	1,055
Total Current Liabilities	4,909	5,127
Long-Term Debt	8,631	8,827
Nonrecourse Financial Liabilities of Special Purpose Entities (Note 12)	2,050	2,043
Deferred Income Taxes	3,063	3,765
Pension Benefit Obligation	3,819	2,205
Postretirement and Postemployment Benefit Obligation	396	412
Other Liabilities	553	702
Redeemable Noncontrolling Interest	0	163
Commitments and Contingent Liabilities (Note 11)
Equity
Common stock $1 par value, 2014 – 448.9 shares and 2013 – 447.2 shares	449	447
Paid-in capital	6,245	6,463
Retained earnings	4,409	4,446
Accumulated other comprehensive loss	(4,646)	(2,759)
Total Shareholders' Equity Before Treasury Stock	6,457	8,597
Less: Common stock held in treasury, at cost, 2014 – 28.734 shares and 2013 – 10.868 shares	1,342	492
Total Shareholders’ Equity	5,115	8,105
Noncontrolling interests	148	179
Total Equity	5,263	8,284
TOTAL LIABILITIES AND EQUITY	$ 28,684	$ 31,528