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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operations:    
Net earnings (loss) $ 109 $ (4)
Noncash charges (credits) to earnings (loss):    
Depreciation, depletion and amortization 243 252
Deferred income taxes, net 26 90
Pension and other postretirement benefits (Note 10) 43 (11)
Share-based compensation expense 17 12
Equity in loss of equity affiliates 3 3
Charges for impairment of assets 12 3
Net gains on dispositions of assets and operations (185) (93)
Foreign exchange transaction gains (Note 6) (8) 0
Change in:    
Receivables less allowances (69) (115)
Receivable for taxes 1 551
Inventories (31) (25)
Real estate and land (34) (37)
Prepaid expenses (14) (7)
Accounts payable and accrued liabilities (75) (53)
Deposits on land positions and other assets (4) (3)
Pension contributions (5) (138)
Other (22) (58)
Net cash from operations 7 367
Cash flows from investing activities:    
Property and equipment (74) (78)
Timberlands reforestation (19) (20)
Redemption of short-term investments 0 47
Proceeds from sale of assets and operations 196 130
Repayments from pension trust 0 146
Other (5) (11)
Cash from investing activities 98 214
Cash flows from financing activities:    
Notes, commercial paper borrowings and revolving credit facilities, net 0 (3)
Cash dividends (161) (21)
Change in book overdrafts 2 (12)
Payments on debt (Note 9) (550) (565)
Exercises of stock options 37 0
Other (19) (3)
Cash from financing activities (691) (604)
Net change in cash and cash equivalents (586) (23)
Cash and cash equivalents at beginning of period 1,467 1,869
Cash and cash equivalents at end of period 881 1,846
Cash paid (received) during the year for:    
Interest, net of amount capitalized of $17 and $11 247 273
Income taxes $ 15 $ (445)