CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operations:
Net earnings	$ 287	$ 381
Noncash charges to earnings:
Depreciation, depletion and amortization	251	252
Basis of real estate sold	70	46
Pension and other post-employment benefits (Note 6)	31	32
Share-based compensation expense (Note 12)	22	17
Other	4	2
Change in:
Receivables, net	(57)	(105)
Receivables and payables for taxes	13	27
Inventories	(53)	14
Prepaid expenses and other current assets	33	8
Accounts payable and accrued liabilities	(14)	(30)
Pension and post-employment benefit contributions and payments	(9)	(11)
Other	(22)	(11)
Net cash from operations	556	622
Cash flows from investing activities:
Capital expenditures for property and equipment	(139)	(119)
Capital expenditures for timberlands reforestation	(31)	(33)
Acquisitions of timberlands (Note 15)	(53)	(2)
Purchase of short-term investments	0	(664)
Other	3	0
Net cash from investing activities	(220)	(818)
Cash flows from financing activities:
Cash dividends on common shares	(394)	(938)
Net proceeds from issuance of long-term debt (Note 8)	0	743
Repurchases of common shares (Note 4)	(99)	(85)
Other	(10)	(10)
Net cash from financing activities	(503)	(290)
Net change in cash, cash equivalents and restricted cash	(167)	(486)
Cash, cash equivalents and restricted cash at beginning of period	1,164	1,581
Cash, cash equivalents and restricted cash at end of period	997	1,095
Cash paid during the period for:
Interest, net of amount capitalized of $5 and $3	126	127
Income taxes, net of refunds	$ 38	$ 18