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Consolidated Statement Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES      
Net earnings (loss) $ 1,220 $ 2,017 $ 2,144
Depreciation, amortization, and cost of timber harvested 1,306 1,328 1,423
Deferred income tax provision (benefit), net 212 133 (1,113)
Restructuring and other charges, net 57 29 67
Pension plan contributions 0 0 (1,250)
Periodic pension expense, net 93 632 717
Net gain on transfer of North American Consumer Packaging business 0 (488) 0
Net bargain purchase gain on acquisition of business 0 0 (6)
Net (gains) losses on sales and impairments of businesses 205 122 9
Antitrust fines 32 0 0
Equity method dividends received 273 153 133
Equity (earnings) losses, net (250) (336) (177)
Other, net 120 75 212
Changes in current assets and liabilities      
Accounts and notes receivable 246 (342) (370)
Contract assets 2 (32) 0
Inventories (1) (236) (87)
Accounts payable and accrued liabilities 139 151 114
Interest payable (19) (8) 1
Other (25) 28 (60)
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES 3,610 3,226 1,757
INVESTMENT ACTIVITIES      
Invested in capital projects (1,276) (1,572) (1,391)
Acquisitions, net of cash acquired (103) (8) (45)
Net settlement on transfer of North American Consumer Packaging business 0 (40) 0
Proceeds from divestitures, net of cash divested 81 0 4
Proceeds from sale of fixed assets 18 23 26
Other (20) 28 15
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES (1,300) (1,569) (1,391)
FINANCING ACTIVITIES      
Repurchases of common stock and payments of restricted stock tax withholding (535) (732) (47)
Issuance of debt 534 490 1,907
Reduction of debt (1,507) (1,008) (1,424)
Change in book overdrafts (66) (1) 26
Dividends paid (796) (789) (769)
Net debt tender premiums paid (18) (6) (84)
Other (1) 0 (8)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES (2,389) (2,046) (399)
Effect of Exchange Rate Changes on Cash 1 (40) 18
Change in Cash and Temporary Investments (78) (429) (15)
Cash and Temporary Investments      
Beginning of the period 589 1,018 1,033
End of the period $ 511 $ 589 $ 1,018