CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operations:
Net earnings (loss)	$ 150	$ (289)
Noncash charges (credits) to earnings (loss):
Depreciation, depletion and amortization	123	123
Basis of real estate sold	62	48
Deferred income taxes, net	(82)	(123)
Pension and other postretirement benefits (Note 7)	19	478
Share-based compensation expense (Note 13)	7	9
Change in:
Receivables, net	(82)	(77)
Receivables and payables for taxes	79	(31)
Inventories	(72)	(60)
Prepaid expenses and other current assets	(2)	(5)
Accounts payable and accrued liabilities	(91)	(82)
Pension and postretirement benefit contributions and payments	(10)	(14)
Other	(15)	9
Net cash from operations	86	(14)
Cash flows from investing activities:
Capital expenditures for property and equipment	(47)	(41)
Capital expenditures for timberlands reforestation	(21)	(18)
Proceeds from note receivable held by variable interest entities (Note 6)	362	253
Proceeds from sale of Montana timberlands (Note 14)	145	0
Other	2	18
Net cash from investing activities	441	212
Cash flows from financing activities:
Cash dividends on common shares	(254)	(254)
Net proceeds from issuance of long-term debt (Note 9)	732	739
Payments on long-term debt (Note 9)	0	(512)
Proceeds from borrowings on line of credit (Note 9)	550	245
Payments on line of credit (Note 9)	(230)	(425)
Proceeds from exercise of stock options	6	2
Repurchases of common shares (Note 4)	0	(60)
Other	(12)	(8)
Net cash from financing activities	792	(273)
Net change in cash and cash equivalents	1,319	(75)
Cash and cash equivalents at beginning of period	139	334
Cash and cash equivalents at end of period	1,458	259
Cash paid (received) during the period for:
Interest, net of amount capitalized of $1 and $1	108	127
Income taxes, net of refunds	$ 0	$ 50