Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 348.0	$ 878.0
Receivables, net of allowance for doubtful accounts of $2 million at June 30, 2019 and $1 million at December 31, 2018	177.0	128.0
Inventories	293.0	273.0
Prepaid expenses and other current assets	11.0	8.0
Total current assets	828.0	1,287.0
Timber and timberlands	55.0	62.0
Property, plant and equipment, net	1,038.0	1,010.0
Goodwill and other intangible assets	51.0	26.0
Operating lease assets	22.0	0.0
Investments in and advances to affiliates	9.0	49.0
Restricted cash	14.0	13.0
Other assets	68.0	61.0
Deferred tax asset	4.0	4.0
Total assets	2,090.0	2,514.0
LIABILITIES AND EQUITY
Current portion of long-term debt	3.0	5.0
Accounts payable and accrued liabilities	223.0	233.0
Income taxes payable	1.0	21.0
Current portion of contingency reserves	2.0	2.0
Total current liabilities	229.0	262.0
Long-term debt, excluding current portion	348.0	347.0
Deferred income taxes	75.0	62.0
Operating Lease liability, noncurrent	14.0	0.0
Contingency reserves, excluding current portion	8.0	9.0
Other long-term liabilities	126.0	135.0
Redeemable noncontrolling interest	13.0	0.0
Stockholders' equity:
Common stock, $1 par value, 200,000,000 shares authorized, 141,413,786 shares issued at June 30, 2019 and 153,358,542 shares issued at December 31, 2018	141.0	153.0
Additional paid-in capital	374.0	458.0
Retained earnings	1,315.0	1,613.0
Treasury stock, 17,881,363 shares and 16,525,351 shares, at cost	(410.0)	(378.0)
Accumulated comprehensive loss	(143.0)	(146.0)
Total stockholders' equity	1,278.0	1,700.0
Total liabilities and stockholders' equity	$ 2,090.0	$ 2,514.0