CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operations:
Net earnings	$ 311	$ 476
Noncash charges (credits) to earnings:
Depreciation, depletion and amortization	394	428
Basis of real estate sold	48	49
Deferred income taxes, net	9	96
Pension and other postretirement benefits (Note 8)	72	5
Share-based compensation expense	29	53
Charges for impairment of assets	153	23
Equity (earnings) loss from joint ventures (Note 7)	(1)	(18)
Net gains on disposition of assets and operations	(15)	(121)
Foreign exchange transaction (gains) losses (Note 17)	0	(11)
Change in:
Receivables less allowances	(113)	(96)
Receivable/payable for taxes	(116)	37
Inventories	4	49
Prepaid expenses	(9)	(3)
Accounts payable and accrued liabilities	184	61
Pension and postretirement contributions (Note 8)	(59)	(83)
Distributions of earnings received from joint ventures (Note 7)	1	5
Other	(45)	(64)
Net cash from operations	847	886
Cash flows from investing activities:
Capital expenditures for property and equipment	(213)	(260)
Capital expenditures for timberlands reforestation	(46)	(43)
Acquisition of timberlands	0	(10)
Proceeds from sale of assets and operations	423	379
Proceeds from contribution of timberlands to related party	0	440
Distributions of investment received from joint ventures (Note 7)	23	34
Cash and cash equivalents acquired in Plum Creek merger (Note 4)	0	9
Other	5	42
Cash from investing activities	192	591
Cash flows from financing activities:
Cash dividends on common shares	(699)	(700)
Cash dividends on preference shares	0	(22)
Proceeds from issuance of long-term debt (Note 10)	225	1,698
Proceeds from borrowing on line of credit (Note 10)	100	0
Payments of long-term debt (Note 10)	(831)	(723)
Payments of line of credit (Note 10)	(100)	0
Repurchase of common stock	0	(2,003)
Proceeds from exercise of stock options	89	48
Other	(2)	(8)
Cash used in financing activities	(1,218)	(1,710)
Net change in cash and cash equivalents	(179)	(233)
Cash and cash equivalents from continuing operations at beginning of period	676	1,011
Cash and cash equivalents from discontinued operations at beginning of period	0	1
Cash and cash equivalents at beginning of period		1,012
Cash and cash equivalents from continuing operations at end of period	497	769
Cash and cash equivalents from discontinued operations at end of period	0	10
Cash and cash equivalents at end of period		779
Cash paid (received) during the period for:
Interest, net of amount capitalized of $6 and $5	315	367
Income taxes	$ 129	$ (26)