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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Operating Activities      
Net earnings (loss) $ 730 $ 209  
Depreciation, amortization and cost of timber harvested 325 345  
Deferred income tax provision (benefit), net 157 7  
Restructuring and other charges 22 0  
Net gain on transfer of North American Consumer Packaging business to Graphic Packaging (516) 0  
Net bargain purchase gain on acquisition of business 0 (6)  
Ilim dividends received 116 127  
Equity (earnings) loss, net (95) (48)  
Periodic pension expense, net 42 78  
Other, net 14 45  
Changes in current assets and liabilities      
Accounts and notes receivable (122) (57)  
Contract assets (22) 0  
Inventories 21 (15)  
Accounts payable and accrued liabilities 11 22  
Interest payable (34) (18)  
Other 14 (56)  
Cash Provided By (Used For) Operations 663 633  
Investment Activities      
Invested in capital projects (489) (374)  
Proceeds from divestitures, net of cash divested 1 0  
Proceeds from sale of fixed assets 1 1  
Other (2) (27)  
Cash Provided By (Used For) Investment Activities (489) (400)  
Financing Activities      
Repurchases of common stock and payments of restricted stock tax withholding (31) (46)  
Issuance of debt 223 186  
Reduction of debt (34) (227)  
Change in book overdrafts (17) (6)  
Dividends paid (197) (191)  
Cash Provided By (Used For) Financing Activities (56) (284)  
Effect of Exchange Rate Changes on Cash 5 16  
Change in Cash and Temporary Investments 123 (35)  
Cash and Temporary Investments      
Beginning of period 1,018 1,033 $ 1,033
End of period $ 1,141 $ 998 $ 1,018