Consolidated Statement of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating Activities
Net earnings (loss)	$ 374	$ 529
Depreciation, amortization and cost of timber harvested	585	651
Deferred income tax provision (benefit), net	22	36
Restructuring and other charges	1	194
Pension plan contributions	(250)	(750)
Net (gains) losses on sales and impairments of businesses	65	0
Equity (earnings) loss, net	(108)	(97)
Periodic pension expense, net	624	224
Other, net	123	110
Changes in current assets and liabilities
Accounts and notes receivable	(86)	(133)
Inventories	48	(59)
Accounts payable and accrued liabilities	(76)	82
Interest payable	13	(21)
Other	(110)	(13)
Cash Provided By (Used For) Operations	1,225	753
Investment Activities
Invested in capital projects	(637)	(673)
Acquisitions, net of cash acquired	(61)	0
Proceeds from divestitures, net of cash divested	101	0
Proceeds from sale of fixed assets	11	19
Other	(106)	(84)
Cash Provided By (Used For) Investment Activities	(692)	(738)
Financing Activities
Repurchases of common stock and payments of restricted stock tax withholding	(132)	(353)
Issuance of common stock	0	2
Issuance of debt	1,204	2,083
Reduction of debt	(1,070)	(1,494)
Change in book overdrafts	6	19
Dividends paid	(362)	(337)
Debt tender premiums paid	0	(211)
Cash Provided By (Used For) Financing Activities	(354)	(291)
Effect of Exchange Rate Changes on Cash	25	(15)
Change in Cash and Temporary Investments	204	(291)
Cash and Temporary Investments
Beginning of period	1,050	1,881
End of period	$ 1,254	$ 1,590