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Consolidated Statement Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES      
Net earnings (loss) $ 902 $ 917 $ 536
Depreciation, amortization, and cost of timber harvested 1,227 1,294 1,414
Deferred income tax provision (benefit), net 136 281 (135)
Restructuring and other charges 54 252 881
Pension plan contribution (750) (750) (353)
Periodic pension expense, net 809 461 387
Net (gains) losses on sales and impairments of businesses 70 174 38
Equity (earnings) losses, net of taxes (198) (117) 200
Impairment of goodwill and other intangible assets 0 137 100
Other, net 157 153 167
Changes in current assets and liabilities      
Accounts and notes receivable (94) 7 (97)
Inventories 11 (131) (103)
Accounts payable and accrued liabilities 98 (89) (18)
Interest payable 41 (17) (18)
Other 15 8 78
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES 2,478 2,580 3,077
INVESTMENT ACTIVITIES      
Invested in capital projects (1,348) (1,487) (1,366)
Acquisitions, net of cash acquired (2,228) 0 0
Proceeds from divestitures 108 23 0
Proceeds from spinoff 0 0 411
Investment in Special Purpose Entities 0 (198) 0
Proceeds from sale of fixed assets 19 37 61
Other (49) (114) 34
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES (3,498) (1,739) (860)
FINANCING ACTIVITIES      
Repurchase of common stock and payments of restricted stock tax withholding (132) (605) (1,062)
Issuance of common stock 0 2 66
Issuance of debt 3,830 6,873 1,982
Reduction of debt (1,938) (6,947) (2,095)
Change in book overdrafts 0 (14) 30
Dividends paid (733) (685) (620)
Acquisition of redeemable noncontrolling interest 0 0 (114)
Debt tender premiums paid (31) (211) (269)
Other (14) (14) (4)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES 982 (1,601) (2,086)
Effect of Exchange Rate Changes on Cash 21 (71) (52)
Change in Cash and Temporary Investments (17) (831) 79
Cash and Temporary Investments      
Beginning of the period 1,050 1,881 1,802
End of the period $ 1,033 $ 1,050 $ 1,881