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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operations:    
Net earnings $ 436 $ 1,649
Noncash charges (credits) to earnings:    
Depreciation, depletion and amortization 359 375
Deferred income taxes, net 10 170
Pension and other postretirement benefits (Note 6) 32 (104)
Share-based compensation expense 22 29
Charges for impairment of assets 14 1
Net gain on dispositions of assets(1) [1] (30) (1,048)
Foreign exchange transaction losses (Note 13) 41 15
Change in:    
Receivables less allowances (41) (28)
Receivable for taxes 11 77
Inventories (9) (46)
Real estate and land 0 (133)
Prepaid expenses (2) 6
Accounts payable and accrued liabilities (47) (76)
Deposits on land positions and other assets 0 15
Pension and postretirement contributions / benefit payments (59) (85)
Other (12) (33)
Net cash from operations 725 784
Cash flows from investing activities:    
Property and equipment (276) (239)
Timberlands reforestation (33) (32)
Acquisition of timberlands (34) 0
Net proceeds from Real Estate Divestiture, net of cash divested (Note 3) 0 707
Proceeds from sale of assets 7 24
Other 12 25
Cash from investing activities (324) 485
Cash flows from financing activities:    
Net proceeds from issuance of Weyerhaeuser Real Estate Company (WRECO) debt (Note 3) 0 887
Deposit of WRECO debt proceeds into escrow (Note 3) 0 (887)
Cash dividends on common shares (460) (411)
Cash dividends on preference shares (22) (22)
Change in book overdrafts 0 (17)
Exercises of stock options 29 84
Repurchase of common stock (Note 4) (484) (123)
Other 4 5
Cash from financing activities (933) (484)
Net change in cash and cash equivalents (532) 785
Cash and cash equivalents at beginning of period 1,580 835
Cash and cash equivalents at end of period 1,048 1,620
Cash paid (received) during the period for:    
Interest, net of amount capitalized of $4 and $12 290 253
Income taxes 4 (40)
Noncash investing and financing activity:    
Common shares tendered in WRECO divestiture (Note 3) $ 0 $ 1,954
[1] Includes gains on timberland exchanges.