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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operations:    
Net earnings $ 509 $ 242
Noncash charges (credits) to earnings:    
Depreciation, depletion and amortization 343 338
Deferred income taxes, net 73 69
Pension and other postretirement benefits (Note 6) 79 (39)
Share-based compensation expense 34 28
Charges for impairment of assets 5 19
Net gains on dispositions of assets(1) (42) (39)
Foreign exchange transaction (gains) losses (Note 14) 6 (8)
Change in:    
Receivables less allowances (112) (33)
Receivable for taxes 64 (75)
Inventories 0 (34)
Real estate and land (179) (95)
Prepaid expenses (16) (18)
Accounts payable and accrued liabilities 45 23
Deposits on land positions and other assets (11) 11
Pension and postretirement contributions / benefit payments (104) (109)
Other (38) 49
Net cash from operations 656 329
Cash flows from investing activities:    
Property and equipment (151) (197)
Timberlands reforestation (28) (22)
Acquisition of Longview Timber LLC, net of cash acquired (Note 2) (1,581) 0
Proceeds from sale of assets 15 36
Net proceeds of investments (payments of liabilities) held by special purpose entities (Note 7) 22 (97)
Other 5 (1)
Cash from investing activities (1,718) (281)
Cash flows from financing activities:    
Net proceeds from issuance of common shares (Note 2) 897 0
Net proceeds from issuance of preference shares (Note 2) 669 0
Net proceeds from issuance of debt(2) (Note 9) 494 0
Cash dividends on common shares (330) (242)
Change in book overdrafts 8 (32)
Payments on debt (340) (187)
Exercises of stock options 141 73
Other 22 (5)
Cash from financing activities 1,561 (393)
Net change in cash and cash equivalents 499 (345)
Cash and cash equivalents at beginning of period 898 953
Cash and cash equivalents at end of period 1,397 608
Cash paid (received) during the period for:    
Interest, net of amount capitalized of $15 and $16 275 290
Income taxes (4) (14)
Noncash investing and financing activity: Acquisition of Longview Timber LLC, debt assumed (Note 2) $ 1,070 $ 0