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Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating Activities    
Net earnings (loss) $ 59 $ 572
Discontinued operations, net of taxes 5 (50)
Earnings (Loss) From Continuing Operations 64 522
Depreciation, amortization and cost of timber harvested 711 775
Deferred income tax provision, net (162) 36
Restructuring and other charges 841 55
Pension plan contributions (263) (31)
Net bargain purchase gain on acquisition of business 0 (13)
Equity (earnings) loss, net (8) 46
Periodic pension expense, net 194 279
Other, net (18) (36)
Changes in current assets and liabilities    
Accounts and notes receivable (207) (334)
Inventories 8 (32)
Accounts payable and accrued liabilities (68) 78
Interest payable (12) (17)
Other (75) (89)
Cash Provided By (Used For) Operations - Continuing Operations 1,005 1,239
Cash Provided By (Used For) Operations - Discontinued Operations (5) 40
Cash Provided By (Used For) Operations 1,000 1,279
Investment Activities    
Invested in capital projects (634) (488)
Acquisitions, net of cash acquired 0 (501)
Proceeds from sale of fixed assets 28 0
Other (96) (61)
Cash Provided By (Used For) Investment Activities - Continuing Operations (702) (1,050)
Cash Provided By (Used For) Investment Activities - Discontinued Operations 0 (3)
Cash Provided By (Used For) Investment Activities (702) (1,053)
Financing Activities    
Repurchases of common stock and payments of restricted stock tax withholding (685) (51)
Issuance of common stock 40 243
Issuance of debt 1,920 168
Reduction of debt (1,435) (160)
Change in book overdrafts 23 (79)
Dividends paid (302) (266)
Acquisition of redeemable noncontrolling interest (105) 0
Debt tender premiums paid (257) 0
Redemption of preferred securities 0 (150)
Other (12) (12)
Cash Provided By (Used For) Financing Activities (813) (307)
Effect of Exchange Rate Changes on Cash 6 (16)
Change in Cash and Temporary Investments (509) (97)
Cash and Temporary Investments    
Beginning of period 1,802 1,302
End of period $ 1,293 $ 1,205