CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operations:
Net earnings	$ 841	$ 311
Noncash charges to earnings:
Depreciation, depletion and amortization	361	394
Basis of real estate sold	80	48
Deferred income taxes, net	111	9
Pension and other postretirement benefits (Note 8)	82	72
Share-based compensation expense	31	29
Charges for impairment of assets	1	153
Change in:
Receivables, less allowances	(55)	(113)
Receivables and payables for taxes	(109)	(116)
Inventories	(9)	4
Prepaid expenses	(7)	(9)
Accounts payable and accrued liabilities	(133)	184
Pension and postretirement benefit contributions and payments	(355)	(59)
Other	(19)	(60)
Net cash from operations	820	847
Cash flows from investing activities:
Capital expenditures for property and equipment	(238)	(213)
Capital expenditures for timberlands reforestation	(45)	(46)
Proceeds from sale of assets and operations	2	423
Other	17	28
Net cash from (used in) investing activities	(264)	192
Cash flows from financing activities:
Cash dividends on common shares	(741)	(699)
Proceeds from issuance of long-term debt (Note 10)	0	225
Payments of long-term debt (Note 10)	(62)	(831)
Proceeds from borrowings on line of credit (Note 10)	0	100
Payments on line of credit (Note 10)	0	(100)
Repurchase of common stock (Note 5)	(273)	0
Proceeds from exercise of stock options	52	89
Other	8	2
Net cash used in financing activities	(1,032)	(1,218)
Net change in cash and cash equivalents	(476)	(179)
Cash and cash equivalents at beginning of period	824	676
Cash and cash equivalents at end of period	348	497
Cash paid during the period for:
Interest, net of amount capitalized of $8 and $6	285	315
Income taxes	$ 80	$ 129