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Consolidated Statement Of Cash Flows (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities    
Earnings (loss) from continuing operations $ 530 $ (53)
Depreciation, amortization and cost of timber harvested 676 734
Deferred income tax provision, net 2 62
Restructuring and other charges 35 359
Net (gains) losses on sales and impairments of businesses 137 0
Equity (earnings) losses, net (110) (5)
Periodic pension expense, net 97 116
Other, net 82 (77)
Changes in current assets and liabilities    
Accounts and notes receivable (438) (324)
Inventories (4) (111)
Accounts payable and accrued liabilities 122 43
Interest payable (2) (8)
Other 35 64
Cash Provided By (Used For) Operations 1,162 800
Investment Activities    
Invested in capital projects (410) (273)
Acquisitions, net of cash acquired 0 (155)
Proceeds from divestitures 50 0
Escrow arrangement for acquisition (105) 0
Other (87) (32)
Cash Provided By (Used For) Investment Activities (552) (460)
Financing Activities    
Repurchases of common stock and payments of restricted stock tax withholding (30) (26)
Issuance of debt 227 166
Reduction of debt (311) (309)
Change in book overdrafts (15) (35)
Dividends paid (197) (66)
Other (35) (22)
Cash Provided By (Used For) Financing Activities (361) (292)
Effect of Exchange Rate Changes on Cash 77 (69)
Change in Cash and Temporary Investments 326 (21)
Cash and Temporary Investments    
Beginning of period 2,073 1,892
End of period $ 2,399 $ 1,871