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Consolidated Statement Of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
OPERATING ACTIVITIES      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 799 $ 1,336 $ 712
Discontinued operations, net of taxes (45) [1] (49) [1] 0
EARNINGS (LOSS) FROM CONTINUING OPERATIONS 754 1,287 712
Depreciation, amortization, and cost of timber harvested 1,486 [2] 1,332 [2] 1,456 [2]
Deferred income tax provision (benefit), net 204 317 422
Restructuring and other charges 109 102 394
Pension plan contribution (44) (300) (1,150)
Cost of forestlands sold 0 0 143
Periodic pension expense, net 342 195 231
Net (gains) losses on sales and impairments of businesses 86 218 (23)
Equity (earnings) losses, net of taxes (61) (140) (111)
Other, net 0 169 15
Changes in current assets and liabilities      
Accounts and notes receivable 377 (128) (327)
Inventories (28) (56) (186)
Accounts payable and accrued liabilities (273) (389) (52)
Interest payable 30 6 3
Other (22) 62 104
Cash provided by (used for) operating activities - continuing operations 2,960 2,675 1,631
Cash provided by (used for) operating activities - discontinued operations 7 0 0
Cash Provided by (Used for) Operations 2,967 2,675 1,631
INVESTMENT ACTIVITIES      
Invested in capital projects (1,383) (1,159) (775)
Acquisitions, net of cash acquired (3,734) (379) (152)
Proceeds from divestitures 474 50 0
Payments to Acquire Equity Method Investments (45) 0 0
Escrow arrangement 0 (25) 0
Other (80) 26 93
Cash provided by (used for) investment activities - continuing operations (4,768) (1,487) (834)
Cash provided by (used for) investment activities - discontinued operations (90) 0 0
Cash Provided by (Used for) Investment Activities (4,858) (1,487) (834)
FINANCING ACTIVITIES      
Repurchase of common stock and payments of restricted stock tax withholding (35) (30) (26)
Proceeds from Issuance of Common Stock 108 0 0
Issuance of debt 2,132 1,766 193
Reduction of debt (2,488) (517) (576)
Change in book overdrafts 11 (29) 38
Dividends paid (476) (427) (175)
Other (47) (21) (42)
Cash Provided by (Used for) Financing Activities (795) 742 (588)
Effect of Exchange Rate Changes on Cash (6) (9) (28)
Change in Cash and Temporary Investments (2,692) 1,921 181
Cash and Temporary Investments      
Beginning of the period 3,994 2,073 1,892
End of the period $ 1,302 $ 3,994 $ 2,073
[1] Includes a pre-tax gain of $50 million ($30 million after taxes) for an earnout provision related to the sale of the Company’s Kraft Papers business completed in January 2007. Also, the Company sold its Brazilian Coated Paper business in the third quarter 2006. Local country tax contingency reserves were included in the business’ operating results in 2005 and 2006 for which the related statute of limitations has expired. The reserves were reversed and a tax benefit of $15 million plus associated interest income of $6 million ($4 million after taxes) was recorded.
[2] Excludes accelerated depreciation related to closure of mills.