CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operations:
Net earnings	$ 582	$ 1,027	$ 506
Noncash charges (credits) to income:
Depreciation, depletion and amortization	521	565	479
Basis of real estate sold	81	109	18
Deferred income taxes, net	44	(159)	0
Pension and other postretirement benefits	97	5	42
Share-based compensation expense (Note 16)	40	60	31
Charges for impairment of assets	154	37	15
Equity (earnings) loss from joint ventures (Note 8)	(1)	(18)	105
Net gains on disposition of discontinued and other operations (Note 3)	(1)	(789)	0
Net gains on sale of nonstrategic assets	(16)	(73)	(38)
Net gains on sale of southern timberlands (Note 8)	(99)	0	0
Foreign exchange transaction (gains) losses (Note 19)	(1)	(5)	47
Change in, net of acquisition:
Receivables less allowances	(35)	(54)	17
Receivable / payable for taxes	(50)	106	(5)
Inventories	(39)	61	10
Prepaid expenses	(12)	5	3
Accounts payable and accrued liabilities	106	11	(35)
Pension and postretirement contributions / benefit payments	(78)	(99)	(83)
Distributions of earnings received from joint ventures (Note 8)	1	14	15
Other	(93)	(68)	(52)
Net cash from operations	1,201	735	1,075
Cash flows from investing activities:
Capital expenditures for property and equipment	(358)	(451)	(443)
Capital expenditures for timberlands reforestation	(61)	(59)	(40)
Acquisition of timberlands	0	(10)	(36)
Proceeds from disposition of discontinued and other operations (Note 3)	403	2,486	0
Proceeds from sale of nonstrategic assets	26	104	19
Proceeds from sale of southern timberlands (Note 8)	203	0	0
Proceeds from redemption of ownership in related party (Note 8)	108	0	0
Proceeds from contribution of timberlands to related party (Note 8)	0	440	0
Distributions of investment received from joint ventures (Note 8)	25	46	0
Other	21	3	13
Net cash from investing activities	367	2,559	(487)
Cash flows from financing activities:
Cash dividends on common shares	(941)	(932)	(619)
Cash dividends on preference shares	0	(22)	(44)
Proceeds from issuance of long-term debt (Note 12)	225	1,698	0
Payments on long-term debt (Note 12)	(831)	(2,423)	0
Proceeds from borrowings on line of credit (Note 11)	100	0	0
Payments on line of credit (Note 11)	(100)	0	0
Proceeds from exercise of stock options	128	61	34
Repurchase of common stock	0	(2,003)	(518)
Other	(1)	(9)	(9)
Net cash from financing activities	(1,420)	(3,630)	(1,156)
Net change in cash and cash equivalents	148	(336)	(568)
Cash and cash equivalents from continuing operations at beginning of year	676	1,011	1,577
Cash and cash equivalents from continuing operations at end of year	824	676	1,011
Cash and cash equivalents from discontinued operations at beginning of year	0	1	3
Cash and cash equivalents from discontinued operations at end of year	0	0	1
Cash and cash equivalents at beginning of period	676	1,012	1,580
Cash and cash equivalents at end of year	824	676	1,012
Cash paid (received) during the year for:
Interest, net of amounts capitalized of $9 in 2017, $8 in 2016 and $7 in 2015	381	446	347
Income taxes	$ 169	$ 485	$ 14