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Consolidated Statement Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES      
Net earnings (loss) $ 482 $ 1,220 $ 2,017
Depreciation, amortization, and cost of timber harvested 1,287 1,306 1,328
Deferred income tax provision (benefit), net 9 212 133
Restructuring and other charges, net 195 57 29
Periodic pension expense, net 32 93 632
Gain (Loss) on Disposition of Business 0 0 (488)
Net (gains) losses on sales and impairments of businesses 465 205 122
Net (gains) losses on sales of equity method investments (35) 0 0
Antitrust fines 0 32 0
Equity method dividends received 162 273 153
Equity (earnings) losses, net (77) (250) (336)
Other, net 219 120 75
Changes in current assets and liabilities      
Accounts and notes receivable 59 246 (342)
Contract assets 35 2 (32)
Inventories 35 (1) (236)
Accounts payable and accrued liabilities 141 139 151
Interest payable (55) (19) (8)
Other 109 (25) 28
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES 3,063 3,610 3,226
INVESTMENT ACTIVITIES      
Invested in capital projects, net of insurance recoveries (751) (1,276) (1,572)
Acquisitions, net of cash acquired (65) (103) (8)
Proceeds from sales of equity method investments 500 0 0
Net settlement on transfer of North American Consumer Packaging business 0 0 (40)
Proceeds from sales of businesses, net of cash divested 40 81 0
Proceeds from sale of fixed assets 8 18 23
Other (1) (20) 28
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES (269) (1,300) (1,569)
FINANCING ACTIVITIES      
Repurchases of common stock and payments of restricted stock tax withholding (42) (535) (732)
Issuance of debt 583 534 490
Reduction of debt (2,278) (1,507) (1,008)
Change in book overdrafts 35 (66) (1)
Dividends paid (806) (796) (789)
Net debt tender premiums paid (188) (18) (6)
Other (4) (1) 0
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES (2,700) (2,389) (2,046)
Cash Included in Assets Held for Sale (2) 0 0
Effect of Exchange Rate Changes on Cash (8) 1 (40)
Change in Cash and Temporary Investments 84 (78) (429)
Cash and Temporary Investments      
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance 511 589 1,018
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance $ 595 $ 511 $ 589