Consolidated Statement of Cash Flows - USD ($)
$ in Millions |
9 Months Ended |
Sep. 30, 2017 |
Sep. 30, 2016 |
| Operating Activities |
|
|
| Net earnings (loss) |
$ 684
|
$ 683
|
| Depreciation, amortization and cost of timber harvested |
1,075
|
899
|
| Deferred income tax provision (benefit), net |
295
|
45
|
| Restructuring and other charges |
(16)
|
47
|
| Pension plan contributions |
(1,250)
|
(750)
|
| Net bargain purchase gain on acquisition of business |
(6)
|
0
|
| Net (gains) losses on sales and impairments of businesses |
9
|
70
|
| Ilim dividends received |
129
|
58
|
| Equity (earnings) loss, net |
(113)
|
(151)
|
| Periodic pension expense, net |
237
|
718
|
| Other, net |
92
|
67
|
| Changes in current assets and liabilities |
|
|
| Accounts and notes receivable |
(293)
|
(83)
|
| Inventories |
(70)
|
(6)
|
| Accounts payable and accrued liabilities |
5
|
(37)
|
| Interest payable |
(11)
|
24
|
| Other |
(198)
|
(18)
|
| Cash Provided By (Used For) Operations |
569
|
1,566
|
| Investment Activities |
|
|
| Invested in capital projects |
(935)
|
(903)
|
| Acquisitions, net of cash acquired |
(45)
|
(56)
|
| Proceeds from divestitures, net of cash divested |
4
|
105
|
| Proceeds from sale of fixed assets |
22
|
13
|
| Other |
(54)
|
(130)
|
| Cash Provided By (Used For) Investment Activities |
(1,008)
|
(971)
|
| Financing Activities |
|
|
| Repurchases of common stock and payments of restricted stock tax withholding |
(46)
|
(132)
|
| Issuance of debt |
1,366
|
3,447
|
| Reduction of debt |
(369)
|
(1,855)
|
| Change in book overdrafts |
5
|
(5)
|
| Dividends paid |
(573)
|
(543)
|
| Debt tender premiums paid |
(1)
|
(31)
|
| Other |
(2)
|
(3)
|
| Cash Provided By (Used For) Financing Activities |
380
|
878
|
| Effect of Exchange Rate Changes on Cash |
24
|
39
|
| Change in Cash and Temporary Investments |
(35)
|
1,512
|
| Cash and Temporary Investments |
|
|
| Beginning of period |
1,033
|
1,050
|
| End of period |
$ 998
|
$ 2,562
|