CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operations:
Net earnings	$ 681	$ 150
Noncash charges (credits) to earnings:
Depreciation, depletion and amortization	118	123
Basis of real estate sold	27	62
Deferred income taxes, net	8	(82)
Pension and other post-employment benefits (Note 7)	19	19
Share-based compensation expense (Note 13)	7	7
Change in:
Receivables, net	(139)	(82)
Receivables and payables for taxes	120	79
Inventories	(60)	(72)
Prepaid expenses and other current assets	(2)	(2)
Accounts payable and accrued liabilities	(60)	(91)
Pension and post-employment benefit contributions and payments	(8)	(10)
Other	(13)	(15)
Net cash from operations	698	86
Cash flows from investing activities:
Capital expenditures for property and equipment	(31)	(47)
Capital expenditures for timberlands reforestation	(22)	(21)
Proceeds from note receivable held by variable interest entities (Note 6)	0	362
Proceeds from sale of Montana timberlands (Note 14)	0	145
Other	0	2
Net cash from investing activities	(53)	441
Cash flows from financing activities:
Cash dividends on common shares	(127)	(254)
Net proceeds from issuance of long-term debt (Note 9)	0	732
Proceeds from borrowings on line of credit (Note 9)	0	550
Payments on line of credit (Note 9)	0	(230)
Proceeds from exercise of stock options	17	6
Other	(14)	(12)
Net cash from financing activities	(124)	792
Net change in cash and cash equivalents	521	1,319
Cash and cash equivalents at beginning of period	495	139
Cash and cash equivalents at end of period	1,016	1,458
Cash paid (received) during the period for:
Interest, net of amount capitalized of $1 and $1	75	108
Income taxes, net of refunds	$ 66	$ 0