Consolidated Statement of Cash Flows - USD ($)
$ in Millions |
6 Months Ended |
Jun. 30, 2015 |
Jun. 30, 2014 |
| Operating Activities |
|
|
| Net earnings (loss) |
$ 529
|
$ 59
|
| Depreciation, amortization and cost of timber harvested |
651
|
711
|
| Deferred income tax provision, net |
36
|
(162)
|
| Restructuring and other charges |
194
|
841
|
| Pension plan contributions |
(750)
|
(263)
|
| Equity (earnings) loss, net |
(97)
|
(8)
|
| Periodic pension expense, net |
224
|
194
|
| Other, net |
110
|
(18)
|
| Changes in current assets and liabilities |
|
|
| Accounts and notes receivable |
(133)
|
(207)
|
| Inventories |
(59)
|
8
|
| Accounts payable and accrued liabilities |
82
|
(68)
|
| Interest payable |
(21)
|
(12)
|
| Other |
(13)
|
(75)
|
| Cash Provided By (Used For) Operations |
753
|
1,000
|
| Investment Activities |
|
|
| Invested in capital projects |
(673)
|
(634)
|
| Proceeds from sale of fixed assets |
19
|
28
|
| Other |
(84)
|
(96)
|
| Cash Provided By (Used For) Investment Activities |
(738)
|
(702)
|
| Financing Activities |
|
|
| Repurchases of common stock and payments of restricted stock tax withholding |
(353)
|
(685)
|
| Issuance of common stock |
2
|
40
|
| Issuance of debt |
2,083
|
1,920
|
| Reduction of debt |
(1,494)
|
(1,435)
|
| Change in book overdrafts |
19
|
23
|
| Dividends paid |
(337)
|
(302)
|
| Acquisition of redeemable noncontrolling interest |
0
|
(105)
|
| Debt tender premiums paid |
(211)
|
(257)
|
| Other |
0
|
(12)
|
| Cash Provided By (Used For) Financing Activities |
(291)
|
(813)
|
| Effect of Exchange Rate Changes on Cash |
(15)
|
6
|
| Change in Cash and Temporary Investments |
(291)
|
(509)
|
| Cash and Temporary Investments |
|
|
| Beginning of period |
1,881
|
1,802
|
| End of period |
$ 1,590
|
$ 1,293
|