XML 174 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operations:      
Net earnings (loss) $ 331 $ 1,283 $ (568)
Noncash charges (credits) to income:      
Depreciation, depletion and amortization 480 503 538
Deferred income taxes, net (Note 20) (26) (1,257) 66
Pension and other postretirement benefits (Note 8) 81 (21) (19)
Share-based compensation expense (Note 17) 25 24 26
Charges for impairment of assets (Note 18) 56 117 458
Net gains on dispositions of assets and operations (236) (149) (197)
Foreign exchange transaction (gains) losses 6 (8) (41)
Change in:      
Receivables less allowances (53) (67) 93
Receivable for taxes (14) 583 (529)
Inventories (46) (30) 251
Real estate and land (12) 5 125
Prepaid expenses 3 6 23
Accounts payable and accrued liabilities (133) (53) (296)
Deposits on land positions and other assets (4) (10) 13
Pension and postretirement contributions (143) (280) (115)
Other (24) 43 (31)
Net cash from operations 291 689 (203)
Cash flows from investing activities:      
Property and equipment (212) (194) (187)
Timberlands reforestation (29) (36) (36)
Redemption of short-term investments 0 49 92
Proceeds from sale of assets and operations 362 213 355
Repayments from pension trust 0 146 54
Other 1 (14) (2)
Cash from investing activities 122 164 276
Cash flows from financing activities:      
Issuance of debt 0 0 491
Notes, commercial paper borrowings and revolving credit facilities, net 0 (4) 0
Cash dividends (323) (608) (127)
Change in book overdrafts 2 (10) (30)
Payments on debt (Note 13) (583) (632) (826)
Exercises of stock options 38 0 0
Repurchase of common stock (Note 16) (37) 0 (2)
Other (24) (1) (4)
Cash from financing activities (927) (1,255) (498)
Net change in cash and cash equivalents (514) (402) (425)
Cash and cash equivalents at beginning of year 1,467 1,869 2,294
Cash and cash equivalents at end of year 953 1,467 1,869
Cash paid (received) during the year for:      
Interest, net of amount capitalized of $30, $29 and $32 420 463 460
Income taxes $ 28 $ (453) $ 42