CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operations:
Net earnings	$ 1,709	$ 222
Noncash charges (credits) to earnings:
Depreciation, depletion and amortization	238	240
Basis of real estate sold	51	96
Deferred income taxes, net	19	(2)
Pension and other post-employment benefits (Note 7)	30	37
Share-based compensation expense (Note 13)	15	15
Change in:
Receivables, net	(252)	(112)
Receivables and payables for taxes	236	61
Inventories	(51)	2
Prepaid expenses and other current assets	(1)	5
Accounts payable and accrued liabilities	65	(61)
Pension and post-employment benefit contributions and payments	(33)	(16)
Other	(20)	(10)
Net cash from operations	2,006	477
Cash flows from investing activities:
Capital expenditures for property and equipment	(93)	(102)
Capital expenditures for timberlands reforestation	(32)	(32)
Acquisition of Alabama timberlands (Note 14)	(149)	0
Proceeds from note receivable held by variable interest entities (Note 6)	0	362
Proceeds from sale of Montana timberlands (Note 14)	0	145
Other	1	3
Net cash from investing activities	(273)	376
Cash flows from financing activities:
Cash dividends on common shares	(255)	(254)
Net proceeds from issuance of long-term debt (Note 9)	0	732
Payments on long-term debt (Note 9)	(225)	(588)
Proceeds from borrowings on line of credit (Note 9)	0	550
Payments on line of credit (Note 9)	0	(780)
Proceeds from exercise of stock options	45	6
Other	(16)	(15)
Net cash from financing activities	(451)	(349)
Net change in cash and cash equivalents	1,282	504
Cash and cash equivalents at beginning of period	495	139
Cash and cash equivalents at end of period	1,777	643
Cash paid (received) during the period for:
Interest, net of amount capitalized of $2 and $3	154	178
Income taxes, net of refunds	$ 263	$ 1