CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operations:
Net earnings (loss)	$ 505	$ (62)
Noncash charges (credits) to earnings (loss):
Depreciation, depletion and amortization	355	382
Basis of real estate sold	136	105
Deferred income taxes, net	20	(164)
Pension and other postretirement benefits (Note 7)	55	519
Share-based compensation expense (Note 13)	22	23
Timber casualty loss (Note 16)	80	0
Change in:
Receivables, net	(192)	(47)
Receivables and payables for taxes	103	(18)
Inventories	2	(2)
Prepaid expenses and other current assets	5	5
Accounts payable and accrued liabilities	3	(13)
Pension and postretirement benefit contributions and payments	(21)	(36)
Other	12	(18)
Net cash from operations	1,085	674
Cash flows from investing activities:
Capital expenditures for property and equipment	(158)	(199)
Capital expenditures for timberlands reforestation	(41)	(42)
Proceeds from note receivable held by variable interest entities (Note 6)	362	253
Proceeds from sale of Montana timberlands (Note 15)	145	0
Other	3	20
Net cash from investing activities	311	32
Cash flows from financing activities:
Cash dividends on common shares	(254)	(760)
Net proceeds from issuance of long-term debt (Note 9)	732	739
Payments on long-term debt (Note 9)	(936)	(512)
Proceeds from borrowings on line of credit (Note 9)	550	875
Payments on line of credit (Note 9)	(780)	(860)
Payments on debt held by variable interest entities (Note 6)	0	(302)
Proceeds from exercise of stock options	9	8
Repurchases of common shares (Note 4)	0	(60)
Other	(16)	(15)
Net cash from financing activities	(695)	(887)
Net change in cash, cash equivalents and restricted cash	701	(181)
Cash, cash equivalents and restricted cash at beginning of period	139	334
Cash, cash equivalents and restricted cash at end of period	840	153
Cash paid (received) during the period for:
Interest, net of amount capitalized of $3 and $4	278	310
Income taxes, net of refunds	$ 46	$ 46