CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operations:
Net earnings	$ 2,191	$ 505
Noncash charges (credits) to earnings:
Depreciation, depletion and amortization	356	355
Basis of real estate sold	62	136
Deferred income taxes, net	16	20
Pension and other post-employment benefits (Note 7)	46	55
Share-based compensation expense (Note 13)	23	22
Gain on sale of timberlands (Note 14)	(32)	0
Timber casualty loss (Note 15)	0	80
Change in:
Receivables, net	(47)	(192)
Receivables and payables for taxes	93	103
Inventories	(55)	2
Prepaid expenses and other current assets	(21)	5
Accounts payable and accrued liabilities	116	3
Pension and post-employment benefit contributions and payments	(56)	(21)
Other	(27)	12
Net cash from operations	2,665	1,085
Cash flows from investing activities:
Capital expenditures for property and equipment	(184)	(158)
Capital expenditures for timberlands reforestation	(39)	(41)
Acquisition of Alabama timberlands (Note 14)	(149)	0
Proceeds from note receivable held by variable interest entities (Note 6)	0	362
Proceeds from sale of timberlands (Note 14)	261	145
Other	3	3
Net cash from investing activities	(108)	311
Cash flows from financing activities:
Cash dividends on common shares	(382)	(254)
Net proceeds from issuance of long-term debt (Note 9)	0	732
Payments on long-term debt (Note 9)	(225)	(936)
Proceeds from borrowings on line of credit (Note 9)	0	550
Payments on line of credit (Note 9)	0	(780)
Proceeds from exercise of stock options	46	9
Repurchases of common shares (Note 4)	(26)	0
Other	(19)	(16)
Net cash from financing activities	(606)	(695)
Net change in cash, cash equivalents and restricted cash	1,951	701
Cash, cash equivalents and restricted cash at beginning of period	495	139
Cash, cash equivalents and restricted cash at end of period	2,446	840
Cash paid (received) during the period for:
Interest, net of amount capitalized of $3 and $3	237	278
Income taxes, net of refunds	$ 494	$ 46