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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operations:    
Net earnings $ 114 $ 151
Noncash charges (credits) to earnings:    
Depreciation, depletion and amortization 125 126
Basis of real estate sold 31 33
Pension and other post-employment benefits (Note 6) 16 15
Share-based compensation expense (Note 12) 10 8
Other 1 3
Change in:    
Receivables, net (53) (83)
Receivables and payables for taxes (3) 14
Inventories (68) (36)
Prepaid expenses and other current assets 17 (9)
Accounts payable and accrued liabilities (51) (87)
Pension and post-employment benefit contributions and payments (4) (6)
Other (11) (3)
Net cash from operations 124 126
Cash flows from investing activities:    
Capital expenditures for property and equipment (57) (50)
Capital expenditures for timberlands reforestation (22) (21)
Other 2 2
Net cash from investing activities (77) (69)
Cash flows from financing activities:    
Cash dividends on common shares (248) (799)
Repurchases of common shares (Note 4) (50) (34)
Other (10) (8)
Net cash from financing activities (308) (841)
Net change in cash, cash equivalents and restricted cash (261) (784)
Cash, cash equivalents and restricted cash at beginning of period 1,164 1,581
Cash, cash equivalents and restricted cash at end of period 903 797
Cash paid during the period for:    
Interest, net of amount capitalized of $2 and $1 57 57
Income taxes, net of refunds $ 23 $ 6