CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operations:
Net earnings	$ 381	$ 1,559
Noncash charges (credits) to earnings:
Depreciation, depletion and amortization	252	241
Basis of real estate sold	46	70
Pension and other post-employment benefits (Note 6)	32	44
Share-based compensation expense (Note 12)	17	17
Loss on debt extinguishment (Note 8)	0	276
Other	2	14
Change in:
Receivables, net	(105)	(40)
Receivables and payables for taxes	27	27
Inventories	14	(58)
Prepaid expenses and other current assets	8	(3)
Accounts payable and accrued liabilities	(30)	(15)
Pension and post-employment benefit contributions and payments	(11)	(14)
Other	(11)	(15)
Net cash from operations	622	2,103
Cash flows from investing activities:
Capital expenditures for property and equipment	(119)	(121)
Capital expenditures for timberlands reforestation	(33)	(30)
Acquisition of timberlands (Note 15)	(2)	(283)
Purchase of short-term investments	(664)	0
Other	0	1
Net cash from investing activities	(818)	(433)
Cash flows from financing activities:
Cash dividends on common shares	(938)	(1,352)
Net proceeds from issuance of long-term debt (Note 8)	743	881
Payments on long-term debt (Note 8)	0	(1,203)
Repurchases of common shares (Note 4)	(85)	(259)
Other	(10)	(5)
Net cash from financing activities	(290)	(1,938)
Net change in cash, cash equivalents and restricted cash	(486)	(268)
Cash, cash equivalents and restricted cash at beginning of period	1,581	1,999
Cash, cash equivalents and restricted cash at end of period	1,095	1,731
Cash paid during the period for:
Interest, net of amount capitalized of $3 and $3	127	149
Income taxes, net of refunds	$ 18	$ 354