Consolidated Statement Of Cash Flows - USD ($)
$ in Millions |
12 Months Ended |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2017 |
| OPERATING ACTIVITIES |
|
|
|
| Net earnings (loss) |
$ 1,220
|
$ 2,017
|
$ 2,144
|
| Depreciation, amortization, and cost of timber harvested |
1,306
|
1,328
|
1,423
|
| Deferred income tax provision (benefit), net |
212
|
133
|
(1,113)
|
| Restructuring and other charges, net |
57
|
29
|
67
|
| Pension plan contributions |
0
|
0
|
(1,250)
|
| Periodic pension expense, net |
93
|
632
|
717
|
| Net gain on transfer of North American Consumer Packaging business |
0
|
(488)
|
0
|
| Net bargain purchase gain on acquisition of business |
0
|
0
|
(6)
|
| Net (gains) losses on sales and impairments of businesses |
205
|
122
|
9
|
| Antitrust fines |
32
|
0
|
0
|
| Equity method dividends received |
273
|
153
|
133
|
| Equity (earnings) losses, net |
(250)
|
(336)
|
(177)
|
| Other, net |
120
|
75
|
212
|
| Changes in current assets and liabilities |
|
|
|
| Accounts and notes receivable |
246
|
(342)
|
(370)
|
| Contract assets |
2
|
(32)
|
0
|
| Inventories |
(1)
|
(236)
|
(87)
|
| Accounts payable and accrued liabilities |
139
|
151
|
114
|
| Interest payable |
(19)
|
(8)
|
1
|
| Other |
(25)
|
28
|
(60)
|
| CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES |
3,610
|
3,226
|
1,757
|
| INVESTMENT ACTIVITIES |
|
|
|
| Invested in capital projects |
(1,276)
|
(1,572)
|
(1,391)
|
| Acquisitions, net of cash acquired |
(103)
|
(8)
|
(45)
|
| Net settlement on transfer of North American Consumer Packaging business |
0
|
(40)
|
0
|
| Proceeds from divestitures, net of cash divested |
81
|
0
|
4
|
| Proceeds from sale of fixed assets |
18
|
23
|
26
|
| Other |
(20)
|
28
|
15
|
| CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES |
(1,300)
|
(1,569)
|
(1,391)
|
| FINANCING ACTIVITIES |
|
|
|
| Repurchases of common stock and payments of restricted stock tax withholding |
(535)
|
(732)
|
(47)
|
| Issuance of debt |
534
|
490
|
1,907
|
| Reduction of debt |
(1,507)
|
(1,008)
|
(1,424)
|
| Change in book overdrafts |
(66)
|
(1)
|
26
|
| Dividends paid |
(796)
|
(789)
|
(769)
|
| Net debt tender premiums paid |
(18)
|
(6)
|
(84)
|
| Other |
(1)
|
0
|
(8)
|
| CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES |
(2,389)
|
(2,046)
|
(399)
|
| Effect of Exchange Rate Changes on Cash |
1
|
(40)
|
18
|
| Change in Cash and Temporary Investments |
(78)
|
(429)
|
(15)
|
| Cash and Temporary Investments |
|
|
|
| Beginning of the period |
589
|
1,018
|
1,033
|
| End of the period |
$ 511
|
$ 589
|
$ 1,018
|