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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities    
Net earnings (loss) $ 684 $ 683
Depreciation, amortization and cost of timber harvested 1,075 899
Deferred income tax provision (benefit), net 295 45
Restructuring and other charges (16) 47
Pension plan contributions (1,250) (750)
Net bargain purchase gain on acquisition of business (6) 0
Net (gains) losses on sales and impairments of businesses 9 70
Ilim dividends received 129 58
Equity (earnings) loss, net (113) (151)
Periodic pension expense, net 237 718
Other, net 92 67
Changes in current assets and liabilities    
Accounts and notes receivable (293) (83)
Inventories (70) (6)
Accounts payable and accrued liabilities 5 (37)
Interest payable (11) 24
Other (198) (18)
Cash Provided By (Used For) Operations 569 1,566
Investment Activities    
Invested in capital projects (935) (903)
Acquisitions, net of cash acquired (45) (56)
Proceeds from divestitures, net of cash divested 4 105
Proceeds from sale of fixed assets 22 13
Other (54) (130)
Cash Provided By (Used For) Investment Activities (1,008) (971)
Financing Activities    
Repurchases of common stock and payments of restricted stock tax withholding (46) (132)
Issuance of debt 1,366 3,447
Reduction of debt (369) (1,855)
Change in book overdrafts 5 (5)
Dividends paid (573) (543)
Debt tender premiums paid (1) (31)
Other (2) (3)
Cash Provided By (Used For) Financing Activities 380 878
Effect of Exchange Rate Changes on Cash 24 39
Change in Cash and Temporary Investments (35) 1,512
Cash and Temporary Investments    
Beginning of period 1,033 1,050
End of period $ 998 $ 2,562