Inventories include raw materials, work-in-process and finished goods, as well as materials and supplies.


DOLLAR AMOUNTS IN MILLIONS	JUNE 30, 2026		DECEMBER 31, 2025
LIFO inventories:
Logs	$	14	$	28
Lumber, plywood, oriented strand board and fiberboard		91		74
Other products		10		9
Moving average cost or FIFO inventories:
Logs		36		39
Lumber, plywood, oriented strand board, fiberboard and engineered wood products		112		107
Other products		167		173
Materials and supplies		174		163
Total	$	604	$	593

LIFO – the last-in, first-out method – applies to major inventory products held at our U.S. locations. The moving average cost method or FIFO – the first-in, first-out method – applies to the balance of our U.S. raw material and product inventories, all material and supply inventories and all foreign inventories.