Consolidated Statement of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating Activities
Net earnings (loss)	$ 125	$ 712
Depreciation, amortization and cost of timber harvested	635	636
Deferred income tax provision (benefit), net	12	50
Restructuring and other charges, net	26	0
Net (gains) losses on sales and impairments of businesses	352	145
Net (gains) losses on sales of equity method investments	(33)	0
Equity method dividends received	151	251
Equity (earnings) losses, net	(41)	(194)
Periodic pension expense, net	16	47
Other, net	109	55
Changes in current assets and liabilities
Accounts and notes receivable	74	48
Contract assets	(11)	(4)
Inventories	65	48
Accounts payable and accrued liabilities	(37)	2
Interest payable	0	1
Other	96	3
Cash Provided By (Used For) Operations	1,539	1,800
Investment Activities
Invested in capital projects, net of insurance recoveries	(538)	(628)
Acquisitions, net of cash acquired	(64)	(99)
Proceeds from sales of businesses, net of cash divested	0	17
Proceeds from sales of equity method investments	250	0
Proceeds from sale of fixed assets	3	4
Other	15	(9)
Cash Provided By (Used For) Investment Activities	(334)	(715)
Financing Activities
Repurchases of common stock and payments of restricted stock tax withholding	(41)	(460)
Issuance of debt	579	444
Reduction of debt	(917)	(452)
Change in book overdrafts	(10)	(14)
Dividends paid	(403)	(398)
Other	(25)	4
Cash Provided By (Used For) Financing Activities	(817)	(876)
Cash Included in Assets Held for Sale	(13)	(21)
Effect of Exchange Rate Changes on Cash	(39)	10
Change in Cash and Temporary Investments	336	198
Cash and Temporary Investments
Beginning of period	511	589
End of period	$ 847	$ 787