Consolidated Statement of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating Activities
Net earnings (loss)	$ 334	$ 311
Depreciation, amortization and cost of timber harvested	284	323
Deferred income tax provision (benefit), net	(37)	(3)
Restructuring and other charges	1	0
Net (gains) losses on sales and impairments of businesses	37	0
Equity (earnings) loss, net	(63)	(35)
Periodic pension expense, net	91	122
Other, net	27	76
Changes in current assets and liabilities
Accounts and notes receivable	(7)	(76)
Inventories	(9)	(81)
Accounts payable and accrued liabilities	(26)	(14)
Interest payable	32	19
Other	(44)	(4)
Cash Provided By (Used For) Operations	620	638
Investment Activities
Invested in capital projects	(309)	(319)
Proceeds from sale of fixed assets	8	9
Other	(63)	(67)
Cash Provided By (Used For) Investment Activities	(364)	(377)
Financing Activities
Repurchases of common stock and payments of restricted stock tax withholding	(131)	(139)
Issuance of common stock	0	2
Issuance of debt	467	40
Reduction of debt	(322)	(280)
Change in book overdrafts	3	0
Dividends paid	(181)	(169)
Cash Provided By (Used For) Financing Activities	(164)	(546)
Cash Included in Assets Held for Sale	(12)	0
Effect of Exchange Rate Changes on Cash	25	(20)
Change in Cash and Temporary Investments	105	(305)
Cash and Temporary Investments
Beginning of period	1,050	1,881
End of period	$ 1,155	$ 1,576