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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operations:  
Net earnings$ 266$ 1,112
Noncash charges (credits) to earnings:  
Depreciation, depletion and amortization363376
Deferred income taxes, net(77)(940)
Pension and other postretirement benefits (Note 12)60(19)
Share-based compensation expense1916
Charges for impairment of assets (Note 7)375
Net gains on dispositions of assets and operations(227)(103)
Foreign exchange transaction losses (gains) (Note 8)11(4)
Change in:  
Receivables less allowances(34)(103)
Receivable for taxes7521
Inventories(40)(32)
Real estate and land(49)(43)
Prepaid expenses(14)(8)
Accounts payable and accrued liabilities(106)(72)
Deposits on land positions and other assets(9)(13)
Pension contributions(32)(206)
Other(31)(23)
Net cash from operations144464
Cash flows from investing activities:  
Property and equipment(136)(115)
Timberlands reforestation(23)(26)
Redemption of short-term investments047
Proceeds from sale of assets and operations353160
Repayments from pension trust0146
Other(6)3
Cash from investing activities188215
Cash flows from financing activities:  
Notes, commercial paper borrowings and revolving credit facilities, net0(3)
Cash dividends(242)(581)
Change in book overdrafts(26)(27)
Payments on debt (Note 11)(550)(567)
Exercises of stock options370
Repurchase of common stock (Note 5)(24)0
Other(23)(2)
Cash from financing activities(828)(1,180)
Net change in cash and cash equivalents(496)(501)
Cash and cash equivalents at beginning of period1,4671,869
Cash and cash equivalents at end of period9711,368
Cash paid (received) during the year for:  
Interest, net of amount capitalized of $24 and $21362406
Income taxes$ 21$ (444)