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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operations:    
Net earnings $ 1,869 $ 2,191
Noncash charges (credits) to earnings:    
Depreciation, depletion and amortization 360 356
Basis of real estate sold 77 62
Deferred income taxes, net 17 16
Pension and other post-employment benefits (Note 6) 65 46
Share-based compensation expense (Note 12) 25 23
Gain on sale of timberlands (Note 16) 0 (32)
Loss on debt extinguishment (Note 8) 276 0
Change in:    
Receivables, net 81 (47)
Receivables and payables for taxes 15 93
Inventories (30) (55)
Prepaid expenses and other current assets (7) (21)
Accounts payable and accrued liabilities (23) 116
Pension and post-employment benefit contributions and payments (19) (56)
Other (41) (27)
Net cash from operations 2,665 2,665
Cash flows from investing activities:    
Capital expenditures for property and equipment (207) (184)
Capital expenditures for timberlands reforestation (38) (39)
Acquisition of timberlands (Note 16) (286) (149)
Proceeds from sale of timberlands (Note 16) 0 261
Other 1 3
Net cash from investing activities (530) (108)
Cash flows from financing activities:    
Cash dividends on common shares (1,485) (382)
Net proceeds from issuance of long-term debt (Note 8) 881 0
Payments on long-term debt (Note 8) (1,203) (225)
Proceeds from exercise of stock options 15 46
Repurchases of common shares (Note 4) (402) (26)
Other (20) (19)
Net cash from financing activities (2,214) (606)
Net change in cash, cash equivalents and restricted cash (79) 1,951
Cash, cash equivalents and restricted cash at beginning of period 1,999 495
Cash, cash equivalents and restricted cash at end of period 1,920 2,446
Cash paid (received) during the period for:    
Interest, net of amount capitalized of $5 and $3 211 237
Income taxes, net of refunds $ 446 $ 494