CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operations:
Net earnings	$ 839	$ 1,880	$ 2,607
Noncash charges (credits) to earnings:
Depreciation, depletion and amortization	500	480	477
Basis of real estate sold	93	84	71
Pension and other post-employment benefits (Note 8)	68	290	61
Share-based compensation expense (Note 15)	36	33	30
Net gains on sale of timberlands (Note 4)	(84)	0	(32)
Loss on debt extinguishment (Note 11)	0	276	0
Other	(6)	(30)	14
Change in:
Receivables, net	4	149	(57)
Receivables and payables for taxes	41	(101)	99
Inventories	(13)	(37)	(77)
Prepaid expenses and other current assets	(13)	(12)	(25)
Accounts payable and accrued liabilities	35	(111)	113
Pension and post-employment benefit contributions and payments	(20)	(24)	(59)
Other	(47)	(45)	(63)
Net cash from operations	1,433	2,832	3,159
Cash flows from investing activities:
Capital expenditures for property and equipment	(390)	(415)	(386)
Capital expenditures for timberlands reforestation	(57)	(53)	(55)
Acquisition of timberlands (Note 4)	(233)	(295)	(149)
Proceeds from sale of timberlands (Note 4)	166	0	261
Purchase of short-term investments	(664)	0	0
Maturities of short-term investments	664	0	0
Other	6	4	4
Net cash from investing activities	(508)	(759)	(325)
Cash flows from financing activities:
Cash dividends on common shares	(1,216)	(1,617)	(884)
Net proceeds from issuance of long-term debt (Note 11)	992	881	0
Payments on long-term debt (Note 11)	(978)	(1,203)	(375)
Repurchases of common shares (Note 14)	(131)	(543)	(100)
Other	(9)	(9)	29
Net cash from financing activities	(1,342)	(2,491)	(1,330)
Net change in cash, cash equivalents and restricted cash	(417)	(418)	1,504
Cash, cash equivalents and restricted cash at beginning of year	1,581	1,999	495
Cash, cash equivalents and restricted cash at end of year	1,164	1,581	1,999
Cash paid during the year for:
Interest, net of amounts capitalized of $7 in 2023, $6 in 2022, and $4 in 2021	283	283	315
Income taxes, net of refunds	$ 63	$ 566	$ 609