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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operations:    
Net earnings $ 485,000,000 $ 342,000,000
Noncash charges (credits) to earnings:    
Depreciation, depletion and amortization 252,000,000 223,000,000
Deferred income taxes, net 125,000,000 49,000,000
Pension and other postretirement benefits (Note 7) (91,000,000) 52,000,000
Share-based compensation expense 20,000,000 22,000,000
Charges for impairment of assets 1,000,000 3,000,000
Net gains on dispositions of assets(1) (46,000,000) (21,000,000)
Foreign exchange transaction losses (Note 14) 2,000,000 8,000,000
Change in:    
Receivables less allowances (48,000,000) (120,000,000)
Receivable for taxes 64,000,000 52,000,000
Inventories (54,000,000) (36,000,000)
Real estate and land (107,000,000) (121,000,000)
Prepaid expenses 0 (14,000,000)
Accounts payable and accrued liabilities (97,000,000) (32,000,000)
Deposits on land positions and other assets 8,000,000 (10,000,000)
Pension and postretirement contributions / benefit payments (63,000,000) (69,000,000)
Other (20,000,000) (15,000,000)
Net cash from operations 431,000,000 313,000,000
Cash flows from investing activities:    
Property and equipment (134,000,000) (82,000,000)
Timberlands reforestation (25,000,000) (21,000,000)
Proceeds from sale of assets 20,000,000 14,000,000
Net proceeds of investments held by special purpose entities 0 22,000,000
Other 0 (4,000,000)
Cash from investing activities (139,000,000) (71,000,000)
Cash flows from financing activities:    
Net proceeds from issuance of common shares 0 781,000,000
Net proceeds from issuance of preference shares 0 669,000,000
Net proceeds from issuance of Weyerhaeuser Real Estate Company (WRECO) debt (Note 2) 887,000,000 0
Deposit of WRECO debt proceeds into escrow (Note 2) (887,000,000) 0
Cash dividends on common shares (257,000,000) (202,000,000)
Cash dividends on preference shares (11,000,000) 0
Change in book overdrafts (6,000,000) 7,000,000
Payments on debt 0 (177,000,000)
Exercises of stock options 54,000,000 132,000,000
Other 1,000,000 12,000,000
Cash from financing activities (219,000,000) 1,222,000,000
Net change in cash and cash equivalents 73,000,000 1,464,000,000
Cash and cash equivalents at beginning of period 835,000,000 898,000,000
Cash and cash equivalents at end of period 908,000,000 2,362,000,000
Cash paid (received) during the period for:    
Interest, net of amount capitalized of $10 and $10 153,000,000 166,000,000
Income taxes $ (45,000,000) $ (6,000,000)