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Consolidated Statement Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES      
Net earnings (loss) $ 2,144 $ 902 $ 917
Depreciation, amortization, and cost of timber harvested 1,423 1,227 1,294
Deferred income tax provision (benefit), net (1,113) 136 281
Restructuring and other charges 67 54 252
Pension plan contribution (1,250) (750) (750)
Periodic pension expense, net 717 809 461
Net bargain purchase gain on acquisition of business (6) 0 0
Net (gains) losses on sales and impairments of businesses 9 70 174
Ilim dividends received 133 58 35
Equity (earnings) losses, net of taxes (177) (198) (117)
Impairment of goodwill and other intangible assets 0 0 137
Other, net 212 99 118
Changes in current assets and liabilities      
Accounts and notes receivable (370) (94) 7
Inventories (87) 11 (131)
Accounts payable and accrued liabilities 114 98 (89)
Interest payable 1 41 (17)
Other (60) 15 8
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES 1,757 2,478 2,580
INVESTMENT ACTIVITIES      
Invested in capital projects (1,391) (1,348) (1,487)
Acquisitions, net of cash acquired (45) (2,228) 0
Proceeds from divestitures 4 108 23
Investment in Special Purpose Entities 0 0 (198)
Proceeds from sale of fixed assets 26 19 37
Other 15 (49) (114)
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES (1,391) (3,498) (1,739)
FINANCING ACTIVITIES      
Repurchase of common stock and payments of restricted stock tax withholding (47) (132) (605)
Issuance of common stock 0 0 2
Issuance of debt 1,907 3,830 6,873
Reduction of debt (1,424) (1,938) (6,947)
Change in book overdrafts 26 0 (14)
Dividends paid (769) (733) (685)
Debt tender premiums paid (84) (31) (211)
Other (8) (14) (14)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES (399) 982 (1,601)
Effect of Exchange Rate Changes on Cash 18 21 (71)
Change in Cash and Temporary Investments (15) (17) (831)
Cash and Temporary Investments      
Beginning of the period 1,033 1,050 1,881
End of the period $ 1,018 $ 1,033 $ 1,050