CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operations:
Net earnings	$ 476	$ 436
Noncash charges (credits) to earnings:
Depreciation, depletion and amortization	428	359
Basis of real estate sold	49	13
Deferred income taxes, net	96	10
Pension and other postretirement benefits (Note 8)	5	32
Share-based compensation expense	53	22
Charges for impairment of assets	23	14
Equity (earnings) loss from joint ventures (Note 7)	(18)	18
Net gains on dispositions of assets and operations	(121)	(30)
Foreign exchange transaction (gains) losses (Note 16)	(11)	41
Change in:
Receivables less allowances	(96)	(41)
Receivable for taxes	37	11
Inventories	49	(9)
Prepaid expenses	(3)	(2)
Accounts payable and accrued liabilities	61	(47)
Pension and postretirement contributions (Note 8)	(83)	(59)
Distributions received from joint ventures	5	0
Other	(64)	(32)
Net cash from operations	886	736
Cash flows from investing activities:
Capital expenditures for property and equipment	(260)	(276)
Capital expenditures for timberlands reforestation	(43)	(33)
Acquisition of timberlands	(10)	(34)
Proceeds from sale of assets and operations	379	7
Proceeds from contribution of timberlands to related party (Note 7)	440	0
Distributions received from joint ventures	34	0
Cash and cash equivalents acquired in Plum Creek merger (Note 4)	9	0
Other	42	12
Cash from (used in) investing activities	591	(324)
Cash flows from financing activities:
Cash dividends on common shares	(700)	(460)
Cash dividends on preference shares	(22)	(22)
Proceeds from issuance of long-term debt	1,698	0
Payments of debt	(723)	0
Repurchase of common stock (Note 5)	(2,003)	(484)
Other	40	22
Cash used in financing activities	(1,710)	(944)
Net change in cash and cash equivalents	(233)	(532)
Cash and cash equivalents from continuing operations at beginning of period	1,011
Cash and cash equivalents from discontinued operations at beginning of period	1
Cash and cash equivalents at beginning of period	1,012	1,577
Cash and cash equivalents from continuing operations at end of period	769
Cash and cash equivalents from discontinued operations at end of period	10
Cash and cash equivalents at end of period	779	1,046
Cash paid (received) during the period for:
Interest, net of amount capitalized of $5 and $4	367	290
Income taxes	$ (26)	$ 4