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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operations:      
Net earnings $ 506 $ 1,826 $ 563
Noncash charges (credits) to income:      
Depreciation, depletion and amortization 479 500 472
Deferred income taxes, net (Note 20) 0 205 (29)
Pension and other postretirement benefits (Note 9) 42 (152) 101
Share-based compensation expense (Note 17) 31 40 42
Charges for impairment of assets (Note 18) 15 2 372
(Earnings) loss from equity affiliates 105 1 (1)
Net gains on dispositions of assets and operations(1) (Note 3) [1] (38) (1,050) (58)
Foreign exchange transaction losses (Note 19) 47 27 7
Change in, net of acquisition:      
Receivables less allowances 17 29 (27)
Receivable for taxes (5) 76 (6)
Inventories 10 (66) (13)
Real estate and land 0 (133) (166)
Prepaid expenses 3 17 (26)
Accounts payable and accrued liabilities (35) (98) (51)
Deposits on land positions and other assets 0 15 (18)
Pension and postretirement contributions / benefit payments (83) (101) (137)
Other (30) (50) (21)
Net cash from operations 1,064 1,088 1,004
Cash flows from investing activities:      
Property and equipment (443) (354) (261)
Timberlands reforestation (40) (41) (32)
Acquisition of timberlands (36) 0 0
Acquisition of Longview Timber LLC, net of cash acquired (Note 4) 0 0 (1,581)
Net proceeds from Real Estate Divestiture, net of cash divested (Note 3) 0 707 0
Proceeds from sale of assets and operations 19 28 20
Net proceeds of investments held by special purpose entities (Note 10) 0 0 22
Other 13 21 3
Cash from investing activities (487) 361 (1,829)
Cash flows from financing activities:      
Net proceeds from issuance of common shares (Note 4) 0 0 897
Net proceeds from issuance of preference shares (Note 4) 0 0 669
Net proceeds from issuance of debt (Note 13) 0 0 1,044
Net proceeds from issuance of Weyerhaeuser Real Estate Company (WRECO) debt (Note 3) 0 887 0
Deposit of WRECO debt proceeds into escrow (Note 3) 0 (887) 0
Cash dividends on common shares (619) (563) (458)
Cash dividends on preference shares (44) (44) (23)
Change in book overdrafts 0 (17) 7
Payments on debt (Note 13) 0 0 (1,567)
Exercises of stock options 34 119 162
Repurchase of common stock (Note 16) (518) (203) 0
Other 2 4 31
Cash from financing activities (1,145) (704) 762
Net change in cash and cash equivalents (568) 745 (63)
Cash and cash equivalents at beginning of year 1,580 835 898
Cash and cash equivalents at end of year 1,012 1,580 835
Cash paid (received) during the year for:      
Interest, net of amounts capitalized of $7 in 2015, $13 in 2014 and $21 in 2013 347 319 366
Income taxes 14 (37) 8
Noncash investing and financing activity:      
Acquisition of Longview Timber LLC, debt assumed (Note 4) 0 0 1,070
Common shares tendered in WRECO divestiture (Note 3) $ 0 $ 1,954 $ 0
[1] (1) Includes gain on timberland exchanges.