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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:
Accumulated other comprehensive loss:
Total equity:
Plum Creek
Common shares:
Plum Creek
Other capital:
Balance at beginning of year at Dec. 31, 2015   $ 14 $ 638 $ 4,080 $ 1,349 $ (1,212)      
Conversion to common shares (Note 16)   (14)              
Preference shares converted to common shares (Note 16)     29            
Issued for exercise of stock options     3 61          
Repurchase of common shares (Note 16) $ (2,000)   (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       0        
Cash dividends on preference shares         (22)        
Foreign currency translation adjustments 25         25      
Changes in unamortized actuarial loss, net of tax (Note 10) (269)         (269)      
Changes in unamortized net prior service credit, net of tax (Note 10) $ (4)         (4)      
Unrealized gains on available-for-sale securities           1      
Balance at end of year at Dec. 31, 2016   0 936 8,282 1,421 (1,459) $ 9,180    
Dividends paid per common share $ 1.24                
Conversion to common shares (Note 16)   0              
Preference shares converted to common shares (Note 16)     0            
Issued for exercise of stock options     7 128          
Repurchase of common shares (Note 16)     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) 0       19        
Cash dividends on preference shares         0        
Foreign currency translation adjustments 32         32      
Changes in unamortized actuarial loss, net of tax (Note 10) (132)         (132)      
Changes in unamortized net prior service credit, net of tax (Note 10) (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    
Dividends paid per common share $ 1.25                
Conversion to common shares (Note 16)   0              
Preference shares converted to common shares (Note 16)     0            
Issued for exercise of stock options     3 49          
Repurchase of common shares (Note 16) $ 0   (15) (351)          
Release of vested restricted stock units     1            
Share-based compensation       42          
Plum Creek acquisition               $ 0 $ 0
Other transactions, net       (7)          
Net earnings 748       748        
Dividends on common shares         (995)        
Adjustments related to new accounting pronouncements (Note 1)         262 (262)      
Cash dividends on preference shares         0        
Foreign currency translation adjustments (54)         (54)      
Changes in unamortized actuarial loss, net of tax (Note 10) 733         733      
Changes in unamortized net prior service credit, net of tax (Note 10) (7)         (7)      
Unrealized gains on available-for-sale securities           0      
Balance at end of year at Dec. 31, 2018 $ 9,046 $ 0 $ 933 $ 8,172 $ 1,093 $ (1,152) $ 9,046    
Dividends paid per common share $ 1.32