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Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating Activities    
Net earnings (loss) $ 408 $ 948
Depreciation, amortization and cost of timber harvested 1,068 1,176
Deferred income tax provision, net (139) 55
Restructuring and other related charges 865 131
Pension plan contributions (353) (31)
Net (gains) losses on sales and impairments of businesses 0 (1)
Net bargain purchase gain on acquisition of business 0 (13)
Equity (earnings) loss, net 64 30
Periodic pension expense, net 290 413
Other, net 66 (134)
Changes in current assets and liabilities    
Accounts and notes receivable (214) (357)
Inventories (118) (121)
Accounts payable and accrued liabilities (49) (10)
Interest payable 16 (8)
Other 29 (89)
Cash Provided By (Used For) Operations 1,933 1,991
Investment Activities    
Invested in capital projects (961) (759)
Acquisitions, net of cash acquired 0 (507)
Proceeds from spinoff 385 733
Proceeds from sale of fixed assets 49 76
Other (31) (32)
Cash Provided By (Used For) Investment Activities (558) (489)
Financing Activities    
Repurchases of common stock and payments of restricted stock tax withholding (891) (70)
Issuance of common stock 59 288
Issuance of debt 1,970 212
Reduction of debt (1,762) (637)
Change in book overdrafts 20 (65)
Dividends paid (451) (400)
Acquisition of redeemable noncontrolling interest (114) 0
Debt tender premiums paid (269) 0
Redemption of preferred securities 0 (150)
Other (4) (28)
Cash Provided By (Used For) Financing Activities (1,442) (850)
Effect of Exchange Rate Changes on Cash (17) (8)
Change in Cash and Temporary Investments (84) 644
Cash and Temporary Investments    
Beginning of period 1,802 1,302
End of period $ 1,718 $ 1,946