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Consolidated Statement Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES      
Net earnings (loss) $ 917 $ 536 $ 1,378
Depreciation, amortization, and cost of timber harvested 1,294 1,414 1,547
Deferred income tax provision (benefit), net 281 (135) 146
Restructuring and other charges 252 881 210
Pension plan contribution (750) (353) (31)
Net bargain purchase gain on acquisition of business 0 0 (13)
Periodic pension expense, net 461 387 545
Net (gains) losses on sales and impairments of businesses 174 38 3
Equity (earnings) losses, net of taxes (117) 200 39
Release of tax reserves 0 0 (775)
Impairment of goodwill and other intangible assets 137 100 527
Other, net 153 167 (62)
Changes in current assets and liabilities      
Accounts and notes receivable 7 (97) (134)
Inventories (131) (103) (114)
Accounts payable and accrued liabilities (89) (18) (110)
Interest payable (17) (18) (57)
Other 8 78 (71)
CASH PROVIDED BY (USED FOR) OPERATION ACTIVITIES 2,580 3,077 3,028
INVESTMENT ACTIVITIES      
Invested in capital projects (1,487) (1,366) (1,198)
Acquisitions, net of cash acquired 0 0 (505)
Proceeds from divestitures 23 0 726
Proceeds from spinoff 0 411 0
Investment in Special Purpose Entities (198) 0 0
Proceeds from sale of fixed assets 37 61 65
Other (114) 34 85
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES (1,739) (860) (827)
FINANCING ACTIVITIES      
Repurchase of common stock and payments of restricted stock tax withholding (605) (1,062) (512)
Issuance of common stock 2 66 298
Issuance of debt 6,873 1,982 241
Reduction of debt (6,947) (2,095) (845)
Change in book overdrafts (14) 30 (123)
Dividends paid (685) (620) (554)
Acquisition of redeemable noncontrolling interest 0 (114) 0
Debt tender premiums paid (211) (269) 0
Redemption of securities 0 0 (150)
Other (14) (4) (43)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES (1,601) (2,086) (1,688)
Effect of Exchange Rate Changes on Cash (71) (52) (13)
Change in Cash and Temporary Investments (831) 79 500
Cash and Temporary Investments      
Beginning of the period 1,881 1,802 1,302
End of the period $ 1,050 $ 1,881 $ 1,802