|
Cash
provided by (used for) operations: |
|
|
|
|
| |
|
Net
earnings |
|
$
294
|
$
342
|
$
463
|
| |
|
Noncash
charges (credits) to income: |
|
|
|
|
| |
|
|
Depreciation,
amortization
and fee stumpage |
|
616
|
628
|
617
|
| |
|
|
Deferred
income taxes, net |
|
160
|
75
|
181
|
| |
|
|
Pension
and other postretirement benefits |
|
(39)
|
23
|
34
|
| |
|
|
Charge
for closure or disposition of facilities |
|
71
|
89
|
--
|
| |
|
|
Equity
in (income) loss of affiliates, joint ventures and limited partnerships |
|
(42)
|
(7)
|
(10)
|
| |
|
Decrease
(increase) in working capital: |
|
|
|
|
| |
|
|
Accounts
receivable |
|
1
|
(9)
|
67
|
| |
|
|
Inventories,
real estate and land |
|
56
|
(13)
|
56
|
| |
|
|
Prepaid
expenses |
|
16
|
(10)
|
12
|
| |
|
|
Mortgage-related
financial instruments |
|
28
|
(64)
|
19
|
| |
|
|
Accounts
payable and accrued
liabilities |
|
3
|
42
|
(113)
|
| |
|
(Gain)
loss on disposition of assets |
|
(2)
|
5
|
1
|
| |
|
(Gain)
loss on disposition of a business |
|
--
|
(58)
|
--
|
| |
|
Other |
|
(40)
|
(5)
|
(39)
|
| |
Cash
provided by operations |
|
1,122
|
1,038
|
1,288
|
| |
Cash
provided by (used for) investing activities: |
|
|
|
|
| |
|
Property
and equipment |
|
(562)
|
(610)
|
(829)
|
| |
|
Timber
and timberlands |
|
(53)
|
(46)
|
(50)
|
| |
|
Property
and equipment and timber and timberlands from acquisitions |
|
(494)
|
(13)
|
(448)
|
| |
|
Working
capital from acquisitions |
|
(49)
|
(2)
|
(33)
|
| |
|
Investments
in and advances to equity affiliates |
|
6
|
(182)
|
(2)
|
| |
|
Proceeds
from sale of: |
|
|
|
|
| |
|
|
Property
and equipment (Note 15) |
|
66
|
85
|
74
|
| |
|
|
Businesses |
|
--
|
268
|
--
|
| |
|
|
Mortgage-related
financial instruments |
|
66
|
55
|
106
|
| |
|
Restructuring
the ownership of a subsidiary |
|
218
|
--
|
--
|
| |
|
Intercompany
advances |
|
--
|
--
|
--
|
| |
|
Other |
|
(15)
|
(21)
|
28
|
| |
Cash
provided by (used for) investing activities: |
|
(817)
|
(466)
|
(1,154)
|
| |
Cash
provided by (used for) financing activities: |
|
|
|
|
| |
|
Issuances
of debt |
|
165
|
632
|
142
|
| |
|
Sale
of industrial revenue bonds |
|
48
|
38
|
33
|
| |
|
Notes
and commercial paper borrowings, net |
|
328
|
(577)
|
534
|
| |
|
Cash
dividends |
|
(319)
|
(317)
|
(317)
|
| |
|
Intercompany
cash dividends |
|
|
|
|
| |
|
Payments
on debt |
|
(577)
|
(359)
|
(513)
|
| |
|
Purchase
of treasury common shares |
|
(42)
|
(22)
|
(45)
|
| |
|
Exercise
of stock options |
|
19
|
61
|
20
|
| |
|
Other
|
|
(14)
|
23
|
(1)
|
| |
Cash
provided by (used for) financing activities |
|
(392)
|
(521)
|
(147)
|
| |
Net
increase (decrease) in cash and short-term investments |
|
(87)
|
51
|
(13)
|
| |
Cash
and short-term investments at beginning of year |
|
122
|
71
|
84
|
| |
Cash
and short-term investments at end of year |
|
$
35
|
$
122
|
$
71
|
| |
Cash
paid (received) during the year for: |
|
|
|
|
| |
|
Interest,
net of amount capitalized |
|
$
282
|
$
287
|
$
322
|
| |
|
Income
taxes |
|
$
66
|
$
21
|
$
168
|
