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Consolidated Statement Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES      
Net earnings (loss) $ 2,017 $ 2,144 $ 902
Depreciation, amortization, and cost of timber harvested 1,328 1,423 1,227
Deferred income tax provision (benefit), net 133 (1,113) 136
Restructuring and other charges, net 29 67 54
Pension plan contributions 0 (1,250) (750)
Periodic pension expense, net 632 717 809
Net gain on transfer of North American Consumer Packaging business (488) 0 0
Net bargain purchase gain on acquisition of business 0 (6) 0
Net (gains) losses on sales and impairments of businesses 122 9 70
Equity method dividends received 153 133 58
Equity (earnings) losses, net (336) (177) (198)
Other, net 75 212 99
Changes in current assets and liabilities      
Accounts and notes receivable (342) (370) (94)
Contract assets (32) 0 0
Inventories 236 (87) 11
Accounts payable and accrued liabilities 151 114 98
Interest payable (8) 1 41
Other (28) (60) 15
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES 3,226 1,757 2,478
INVESTMENT ACTIVITIES      
Invested in capital projects (1,572) (1,391) (1,348)
Acquisitions, net of cash acquired (8) (45) (2,228)
Net settlement on transfer of North American Consumer Packaging business (40) 0 0
Proceeds from divestitures, net of cash divested 0 4 108
Proceeds from sale of fixed assets 23 26 19
Other 28 15 (49)
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES (1,569) (1,391) (3,498)
FINANCING ACTIVITIES      
Repurchases of common stock and payments of restricted stock tax withholding (732) (47) (132)
Issuance of debt 490 1,907 3,830
Reduction of debt (1,008) (1,424) (1,938)
Change in book overdrafts (1) 26 0
Dividends paid (789) (769) (733)
Net debt tender premiums paid (6) (84) (31)
Other 0 (8) (14)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES (2,046) (399) 982
Effect of Exchange Rate Changes on Cash (40) 18 21
Change in Cash and Temporary Investments (429) (15) (17)
Cash and Temporary Investments      
Beginning of the period 1,018 1,033 1,050
End of the period $ 589 $ 1,018 $ 1,033