CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operations:
Net earnings (loss)	$ 222	$ (161)
Noncash charges (credits) to earnings (loss):
Depreciation, depletion and amortization	240	247
Basis of real estate sold	96	81
Deferred income taxes, net	(2)	(166)
Pension and other postretirement benefits (Note 7)	37	496
Share-based compensation expense (Note 13)	15	16
Change in:
Receivables, net	(112)	(87)
Receivables and payables for taxes	61	(25)
Inventories	2	(32)
Prepaid expenses and other current assets	5	3
Accounts payable and accrued liabilities	(61)	45
Pension and postretirement benefit contributions and payments	(16)	(27)
Other	(10)	(8)
Net cash from operations	477	382
Cash flows from investing activities:
Capital expenditures for property and equipment	(102)	(112)
Capital expenditures for timberlands reforestation	(32)	(31)
Proceeds from note receivable held by variable interest entities (Note 6)	362	253
Proceeds from sale of Montana timberlands (Note 14)	145	0
Other	3	19
Net cash from investing activities	376	129
Cash flows from financing activities:
Cash dividends on common shares	(254)	(507)
Net proceeds from issuance of long-term debt (Note 9)	732	739
Payments on long-term debt (Note 9)	(588)	(512)
Proceeds from borrowings on line of credit (Note 9)	550	385
Payments on line of credit (Note 9)	(780)	(670)
Proceeds from exercise of stock options	6	4
Repurchases of common shares (Note 4)	0	(60)
Other	(15)	(12)
Net cash from financing activities	(349)	(633)
Net change in cash and cash equivalents	504	(122)
Cash and cash equivalents at beginning of period	139	334
Cash and cash equivalents at end of period	643	212
Cash paid (received) during the period for:
Interest, net of amount capitalized of $3 and $2	178	187
Income taxes, net of refunds	$ 1	$ 51