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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operations:    
Net earnings $ 194,000,000 $ 144,000,000
Noncash charges (credits) to earnings:    
Depreciation, depletion and amortization 126,000,000 112,000,000
Deferred income taxes, net 36,000,000 26,000,000
Pension and other postretirement benefits (Note 7) (47,000,000) 24,000,000
Share-based compensation expense 9,000,000 12,000,000
Charges for impairment of assets 1,000,000 2,000,000
Net gains on dispositions of assets(1) (25,000,000) (7,000,000)
Foreign exchange transaction losses (Note 14) 14,000,000 4,000,000
Change in:    
Receivables less allowances (1,000,000) (165,000,000)
Receivable for taxes 67,000,000 30,000,000
Inventories (88,000,000) (68,000,000)
Real estate and land (72,000,000) (59,000,000)
Prepaid expenses 3,000,000 (13,000,000)
Accounts payable and accrued liabilities (80,000,000) (66,000,000)
Deposits on land positions and other assets 12,000,000 (1,000,000)
Pension and postretirement contributions / benefit payments (33,000,000) (37,000,000)
Other (6,000,000) 3,000,000
Net cash from operations 109,000,000 (61,000,000)
Cash flows from investing activities:    
Property and equipment (51,000,000) (35,000,000)
Timberlands reforestation (14,000,000) (13,000,000)
Proceeds from sale of assets 19,000,000 6,000,000
Cash from investing activities (46,000,000) (42,000,000)
Cash flows from financing activities:    
Cash dividends on common shares (129,000,000) (93,000,000)
Change in book overdrafts (6,000,000) 3,000,000
Payments on debt 0 (156,000,000)
Exercises of stock options 15,000,000 81,000,000
Other 2,000,000 9,000,000
Cash from financing activities (118,000,000) (156,000,000)
Net change in cash and cash equivalents (55,000,000) (259,000,000)
Cash and cash equivalents at beginning of period 835,000,000 898,000,000
Cash and cash equivalents at end of period 780,000,000 639,000,000
Cash paid (received) during the period for:    
Interest, net of amount capitalized of $5 and $5 101,000,000 111,000,000
Income taxes $ (50,000,000) $ (2,000,000)