Consolidated Statement of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating Activities
Net earnings (loss)	$ 209	$ 334
Depreciation, amortization and cost of timber harvested	345	284
Deferred income tax provision (benefit), net	7	(37)
Restructuring and other charges	0	1
Net bargain purchase gain on acquisition of business	(6)	0
Net (gains) losses on sales and impairments of businesses	0	37
Ilim dividends received	127	0
Equity (earnings) loss, net	(48)	(63)
Periodic pension expense, net	78	91
Other, net	45	27
Changes in current assets and liabilities
Accounts and notes receivable	(57)	(7)
Inventories	(15)	(9)
Accounts payable and accrued liabilities	22	(26)
Interest payable	(18)	32
Other	(56)	(44)
Cash Provided By (Used For) Operations	633	620
Investment Activities
Invested in capital projects	(374)	(309)
Proceeds from sale of fixed assets	1	8
Other	(27)	(63)
Cash Provided By (Used For) Investment Activities	(400)	(364)
Financing Activities
Repurchases of common stock and payments of restricted stock tax withholding	(46)	(131)
Issuance of debt	186	467
Reduction of debt	(227)	(322)
Change in book overdrafts	(6)	3
Dividends paid	(191)	(181)
Cash Provided By (Used For) Financing Activities	(284)	(164)
Cash Included in Assets Held for Sale	0	(12)
Effect of Exchange Rate Changes on Cash	16	25
Change in Cash and Temporary Investments	(35)	105
Cash and Temporary Investments
Beginning of period	1,033	1,050
End of period	$ 998	$ 1,155