Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventory

Inventories are valued at the lower of cost or market. Inventory costs include materials, labor and operating overhead. The LIFO (last-in, first-out) method is used for a minor portion of the Company’s log inventories with the remaining inventories valued at FIFO (first-in, first-out) or average cost. Inventory consists of the following:



	December 31,
Dollar amounts in millions	2016		2015
Logs	$	54.6	$	58.6
Other raw materials	23.0		21.6
Semi finished inventory	16.8		18.5
Finished products	140.2		123.3
Total	$	234.6	$	222.0

Property, Plant and Equipment [Table Text Block]

Plant, property and equipment, net consists of the following:



Dollar amounts in millions	December 31,
Dollar amounts in millions	2016			2015
Property, plant and equipment, at cost:
Land, land improvements and logging roads, net of road amortization	$	151.5		$	137.0
Buildings	328.8			324.6
Machinery and equipment	1,881.8			1,897.4
Construction in progress	48.7			33.5
	2,410.8			2,392.5
Accumulated depreciation	(1,527.6		)	(1,530.1		)
Property, plant and equipment, net	$	883.2		$	862.4

Disclosure of Long Lived Assets Held-for-sale [Table Text Block]

The current book values of assets held for sale by category is as follows:



Dollar amounts in millions	December 31,
Dollar amounts in millions	2016		2015
Property, plant and equipment, at cost:
Land, land improvements and logging roads, net of road amortization	$	1.3	$	1.8
Buildings	0.3		0.5
Machinery and equipment	6.6		6.7
Net property, plant and equipment	$	8.2	$	9.0