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Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating Activities    
Net earnings (loss) $ 948 $ 567
Discontinued operations, net of taxes (40) (35)
Earnings (loss) from continuing operations (908) (532)
Depreciation, amortization and cost of timber harvested 1,176 1,111
Deferred income tax provision, net 55 192
Restructuring and other charges 131 88
Pension plan contribution (31) (44)
Net (gains) losses on sales and impairments of businesses 1 89
Net bargain purchase gain on acquisition of business (13) 0
Equity (earnings) losses, net 30 (52)
Periodic pension expense, net 413 256
Other, net (112) (66)
Changes in current assets and liabilities    
Accounts and notes receivable (357) 226
Inventories (121) 23
Accounts payable and accrued liabilities (19) (125)
Interest payable (8) 65
Other (89) (21)
Cash Provided By (Used For) Operations - Continuing Operations 1,964 2,274
Cash Provided By (Used For) Operations - Discontinued Operations 27 (20)
Cash Provided By (Used For) Operations 1,991 2,254
Investment Activities    
Invested in capital projects (759) (1,001)
Acquisitions, net of cash acquired (507) (3,734)
Proceeds from divestitures 733 474
Equity investment in Ilim 0 (45)
Proceeds from Sale of Property, Plant, and Equipment 76 0
Other (33) (115)
Cash Provided By (Used For) Investment Activities - Continuing Operations (490) (4,421)
Cash Provided By (Used For) Investment Activities - Discontinued Operations 1 (61)
Cash Provided By (Used For) Investment Activities (489) (4,482)
Financing Activities    
Repurchases of common stock and payments of restricted stock tax withholding (70) (35)
Issuance of common stock 288 60
Issuance of debt 212 2,052
Reduction of debt (637) (2,123)
Change in book overdrafts (65) (52)
Dividends paid (400) (344)
Redemption of securities (150) 0
Other (28) (38)
Cash Provided By (Used For) Financing Activities (850) (480)
Effect of Exchange Rate Changes on Cash (8) (11)
Change in Cash and Temporary Investments 644 (2,719)
Cash and Temporary Investments    
Beginning of period 1,302 3,994
End of period $ 1,946 $ 1,275