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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operations:      
Net earnings $ 563 $ 384 $ 331
Noncash charges (credits) to income:      
Depreciation, depletion and amortization 472 456 480
Deferred income taxes, net (Note 22) (29) 109 (26)
Pension and other postretirement benefits (Note 10) 101 (19) 81
Share-based compensation expense (Note 19) 42 37 25
Charges for impairment of assets (Notes 20) 372 24 56
Net gains on dispositions of assets and operations(1) (58) (69) (236)
Foreign exchange transaction (gains) losses (Note 21) 7 (6) 6
Change in, net of acquisition:      
Receivables less allowances (27) (33) (53)
Receivable for taxes (6) (73) (37)
Inventories (13) (54) (46)
Real estate and land (166) (75) (12)
Prepaid expenses (26) (16) 3
Accounts payable and accrued liabilities (51) 18 (133)
Deposits on land positions and other assets (18) 4 (4)
Pension and postretirement contributions / benefit payments (137) (145) (143)
Other (22) 39 (1)
Net cash from operations 1,004 581 291
Cash flows from investing activities:      
Property and equipment (261) (256) (212)
Timberlands reforestation (32) (29) (29)
Acquisition of Longview Timber LLC, net of cash acquired (Note 3) (1,581) 0 0
Proceeds from sale of assets and operations 20 80 362
Net proceeds of investments held by special purpose entities (Note 11) 22 13 0
Other 3 0 1
Cash from investing activities (1,829) (192) 122
Cash flows from financing activities:      
Net proceeds from issuance of common shares (Note 3) 897 0 0
Net proceeds from issuance of preference shares (Note 3) 669 0 0
Net proceeds from issuance of debt (Note 15) 1,044 0 0
Cash dividends on common shares (458) (334) (323)
Cash dividends on preference shares (23) 0 0
Change in book overdrafts 7 (32) 2
Payments on debt (Note 15) (1,567) (187) (583)
Exercises of stock options 162 112 38
Repurchase of common stock (Note 18) 0 0 (37)
Other 31 (3) (24)
Cash from financing activities 762 (444) (927)
Net change in cash and cash equivalents (63) (55) (514)
Cash and cash equivalents at beginning of year 898 953 1,467
Cash and cash equivalents at end of year 835 898 953
Cash paid (received) during the year for:      
Interest, net of amounts capitalized of $21 in 2013, $18 in 2012 and $30 in 2011 366 351 420
Income taxes 8 (13) 28
Noncash investing and financing activity: Acquisition of Longview Timber LLC, debt assumed (Note 3) $ 1,070 $ 0 $ 0