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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operations:    
Net earnings $ 315 $ 620
Noncash charges (credits) to earnings:    
Depreciation, depletion and amortization 376 374
Basis of real estate sold 93 80
Pension and other post-employment benefits (Note 6) 46 50
Share-based compensation expense (Note 12) 32 26
Other (3) (4)
Change in:    
Receivables, net (21) (77)
Receivables and payables for taxes (3) 51
Inventories (31) 23
Prepaid expenses and other current assets 20 (5)
Accounts payable and accrued liabilities (1) 43
Pension and post-employment benefit contributions and payments (12) (16)
Other (21) (20)
Net cash from operations 790 1,145
Cash flows from investing activities:    
Capital expenditures for property and equipment (228) (209)
Capital expenditures for timberlands reforestation (39) (42)
Acquisitions of timberlands (Note 15) (135) (70)
Purchase of short-term investments 0 (664)
Other 21 3
Net cash from investing activities (381) (982)
Cash flows from financing activities:    
Cash dividends on common shares (539) (1,076)
Net proceeds from issuance of long-term debt (Note 8) 0 743
Payments on long-term debt (Note 8) 0 (118)
Repurchases of common shares (Note 4) (126) (109)
Other (9) (11)
Net cash from financing activities (674) (571)
Net change in cash, cash equivalents and restricted cash (265) (408)
Cash, cash equivalents and restricted cash at beginning of period 1,164 1,581
Cash, cash equivalents and restricted cash at end of period 899 1,173
Cash paid during the period for:    
Interest, net of amount capitalized of $7 and $5 189 190
Income taxes, net of refunds $ 51 $ 40