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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Operating Activities          
Net earnings (loss) $ 210 $ 349 $ 739 $ 408  
Depreciation, amortization and cost of timber harvested     980 1,068  
Deferred income tax provision, net     101 (139)  
Restructuring and other charges     219 865  
Pension plan contributions     (750) (353)  
Impairment of business 186 0 186 0  
Equity (earnings) loss, net 13 72 (84) 64  
Periodic pension expense, net     350 290  
Other, net     132 66  
Changes in current assets and liabilities          
Accounts and notes receivable     (166) (214)  
Inventories     (221) (118)  
Accounts payable and accrued liabilities     77 (49)  
Interest payable     24 16  
Other     3 29  
Cash Provided By (Used For) Operations     1,590 1,933  
Investment Activities          
Invested in capital projects     (998) (961)  
Proceeds from spinoff     0 385  
Investment in Special Purpose Entities     (198) 0  
Proceeds from sale of fixed assets     32 49  
Other     (35) (31)  
Cash Provided By (Used For) Investment Activities     (1,199) (558)  
Financing Activities          
Repurchases of common stock and payments of restricted stock tax withholding     (505) (891)  
Issuance of common stock     2 59  
Issuance of debt     2,440 1,970  
Reduction of debt     (2,202) (1,762)  
Change in book overdrafts     15 20  
Dividends paid     (503) (451)  
Acquisition of redeemable noncontrolling interest     0 (114)  
Debt tender premiums paid     (211) (269)  
Other     0 (4)  
Cash Provided By (Used For) Financing Activities     (964) (1,442)  
Cash Included in Assets Held for Sale   (2) (143) 0  
Effect of Exchange Rate Changes on Cash     (61) (17)  
Change in Cash and Temporary Investments     (777) (84)  
Cash and Temporary Investments          
Beginning of period     1,881 1,802 $ 1,802
End of period $ 1,104 $ 1,718 $ 1,104 $ 1,718 $ 1,881