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Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating Activities    
Net earnings (loss) $ (99) $ 315
Discontinued operations, net of taxes 2 (26)
Earnings (Loss) From Continuing Operations (97) 289
Depreciation, amortization and cost of timber harvested 352 379
Deferred income tax provision, net (144) 4
Restructuring and other charges 517 59
Pension plan contribution (58) 0
Equity (earnings) loss, net 33 10
Periodic pension expense, net 90 140
Other, net 6 (84)
Changes in current assets and liabilities    
Accounts and notes receivable (170) (222)
Inventories (3) (47)
Accounts payable and accrued liabilities (91) 16
Interest payable 37 24
Other 1 (52)
Cash Provided By (Used For) Operations - Continuing Operations 473 516
Cash Provided By (Used For) Operations - Discontinued Operations (2) 15
Cash Provided By (Used For) Operations 471 531
Investment Activities    
Invested in capital projects (277) (216)
Acquisitions, net of cash acquired 0 (505)
Other (93) (67)
Cash Provided By (Used For) Investment Activities - Continuing Operations (370) (788)
Cash Provided By (Used For) Investment Activities - Discontinued Operations 0 (2)
Cash Provided By (Used For) Investment Activities (370) (790)
Financing Activities    
Repurchases of common stock and payments of restricted stock tax withholding (388) (51)
Issuance of common stock 18 191
Issuance of debt 107 166
Reduction of debt (163) (79)
Change in book overdrafts 16 (43)
Dividends paid (153) (132)
Redemption of securities 0 (150)
Other 0 (8)
Cash Provided By (Used For) Financing Activities (563) (106)
Effect of Exchange Rate Changes on Cash 1 (3)
Change in Cash and Temporary Investments (461) (368)
Cash and Temporary Investments    
Beginning of period 1,802 1,302
End of period $ 1,341 $ 934