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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Mandatory convertible preference shares, series A:
Common shares:
Other capital:
Retained earnings:
Cumulative other comprehensive loss:
Total equity:
Plum Creek
Common shares:
Plum Creek
Other capital:
Balance at beginning of year at Dec. 31, 2014   $ 14 $ 656 $ 4,519 $ 1,508 $ (1,393)      
Conversion to common shares (Note 15)   0              
Preference shares converted to common shares (Note 15)     0            
Issued for exercise of stock options     2 32          
Repurchase of common shares (Note 15)     (20) (498)          
Release of vested restricted stock units     0            
Share-based compensation       32          
Plum Creek acquisition               $ 0 $ 0
Other transactions, net       (5)          
Net earnings $ 506       506        
Dividends on common shares         (621)        
Adjustments related to new accounting pronouncements (Note 1)         0        
Cash dividends on preference shares         (44)        
Foreign currency translation adjustments (97)         (97)      
Changes in unamortized net pension and other postretirement benefit gain (loss) (Note 9) 282         282      
Changes in unamortized prior service credit (cost) (Note 9) (4)         (4)      
Unrealized gains on available-for-sale securities           0      
Balance at end of year at Dec. 31, 2015   14 638 4,080 1,349 (1,212) $ 4,869    
Conversion to common shares (Note 15)   14              
Preference shares converted to common shares (Note 15)     29            
Issued for exercise of stock options     3 61          
Repurchase of common shares (Note 15)     (85) (1,918)          
Release of vested restricted stock units     2            
Share-based compensation       35          
Plum Creek acquisition               349 6,046
Other transactions, net       (22)          
Net earnings 1,027       1,027        
Dividends on common shares         (933)        
Adjustments related to new accounting pronouncements (Note 1)         0        
Cash dividends on preference shares         (22)        
Foreign currency translation adjustments 25         25      
Changes in unamortized net pension and other postretirement benefit gain (loss) (Note 9) (269)         (269)      
Changes in unamortized prior service credit (cost) (Note 9) (4)         (4)      
Unrealized gains on available-for-sale securities           1      
Balance at end of year at Dec. 31, 2016 9,180 0 936 8,282 1,421 (1,459) 9,180    
Conversion to common shares (Note 15)   0              
Preference shares converted to common shares (Note 15)     0            
Issued for exercise of stock options     7 128          
Repurchase of common shares (Note 15)     0 0          
Release of vested restricted stock units     1            
Share-based compensation       35          
Plum Creek acquisition               $ 0 $ 0
Other transactions, net       (6)          
Net earnings 582       582        
Dividends on common shares         (944)        
Adjustments related to new accounting pronouncements (Note 1)         19        
Cash dividends on preference shares         0        
Foreign currency translation adjustments 32         32      
Changes in unamortized net pension and other postretirement benefit gain (loss) (Note 9) (132)         (132)      
Changes in unamortized prior service credit (cost) (Note 9) (5)         (5)      
Unrealized gains on available-for-sale securities           2      
Balance at end of year at Dec. 31, 2017 $ 8,899 $ 0 $ 944 $ 8,439 $ 1,078 $ (1,562) $ 8,899