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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operations:    
Net earnings $ 242 $ 266
Noncash charges (credits) to earnings:    
Depreciation, depletion and amortization 338 363
Deferred income taxes, net 22 (77)
Pension and other postretirement benefits (Note 11) (39) 60
Share-based compensation expense 28 19
Charges for impairment of assets 19 37
Net gains on dispositions of assets (39) (227)
Foreign exchange transaction (gains) losses (Note 7) (8) 11
Change in:    
Receivables less allowances (33) (34)
Receivable for taxes 15 (19)
Inventories (34) (40)
Real estate and land (95) (49)
Prepaid expenses (18) (14)
Accounts payable and accrued liabilities 10 (74)
Deposits on land positions and other assets 11 (9)
Pension and postretirement contributions (109) (64)
Other 19 (5)
Net cash from operations 329 144
Cash flows from investing activities:    
Property and equipment (197) (136)
Timberlands reforestation (22) (23)
Proceeds from sale of assets 36 353
Payments of liabilities held by variable interest entities (Note 12) (97) 0
Other (1) (6)
Cash from investing activities (281) 188
Cash flows from financing activities:    
Cash dividends (242) (242)
Change in book overdrafts (32) (26)
Payments on debt (187) (550)
Exercises of stock options 73 37
Repurchase of common stock (Note 3) 0 (24)
Other (5) (23)
Cash from financing activities (393) (828)
Net change in cash and cash equivalents (345) (496)
Cash and cash equivalents at beginning of period 953 1,467
Cash and cash equivalents at end of period 608 971
Cash paid (received) during the period for:    
Interest, net of amount capitalized of $16 and $24 290 362
Income taxes $ (14) $ 21