|
Cash
provided by (used for) operations: |
|
|
|
|
| |
|
Net
earnings |
|
$ 214
|
$
271
|
$
434
|
| |
|
Noncash
charges (credits) to income: |
|
|
|
|
| |
|
|
Depreciation,
amortization
and fee stumpage |
|
611
|
616
|
601
|
| |
|
|
Deferred
income taxes, net |
|
149
|
88
|
121
|
| |
|
|
Pension
and other postretirement benefits |
|
(37)
|
22
|
33
|
| |
|
|
Charge
for closure or disposition of facilities |
|
71
|
89
|
--
|
| |
|
|
Equity
in (income) loss of affiliates, joint ventures and limited partnerships |
|
(28)
|
7
|
(5)
|
| |
|
Decrease
(increase) in working capital: |
|
|
|
|
| |
|
|
Accounts
receivable |
|
30
|
(17)
|
75
|
| |
|
|
Inventories,
real estate and land |
|
40
|
15
|
(42)
|
| |
|
|
Prepaid
expenses |
|
16
|
(10)
|
12
|
| |
|
|
Mortgage-related
financial instruments |
|
--
|
--
|
--
|
| |
|
|
Accounts
payable and accrued
liabilities |
|
--
|
(32)
|
(86)
|
| |
|
(Gain)
loss on disposition of assets |
|
8
|
13
|
8
|
| |
|
(Gain)
loss on disposition of a business |
|
--
|
(13)
|
--
|
| |
|
Other |
|
8
|
(10)
|
(13)
|
| |
Cash
provided by operations |
|
1,082
|
1,039
|
1,138
|
| |
Cash
provided by (used for) investing activities: |
|
|
|
|
| |
|
Property
and equipment |
|
(560)
|
(607)
|
(820)
|
| |
|
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 |
|
(41)
|
(221)
|
(3)
|
| |
|
Proceeds
from sale of: |
|
|
|
|
| |
|
|
Property
and equipment (Note 15) |
|
42
|
39
|
61
|
| |
|
|
Businesses |
|
--
|
76
|
--
|
| |
|
|
Mortgage-related
financial instruments |
|
--
|
--
|
--
|
| |
|
Restructuring
the ownership of a subsidiary |
|
218
|
--
|
--
|
| |
|
Intercompany
advances |
|
(3)
|
42
|
(26)
|
| |
|
Other |
|
(13)
|
(18)
|
15
|
| |
Cash
provided by (used for) investing activities: |
|
(953)
|
(750)
|
(1,304)
|
| |
Cash
provided by (used for) financing activities: |
|
|
|
|
| |
|
Issuances
of debt |
|
6
|
618
|
12
|
| |
|
Sale
of industrial revenue bonds |
|
48
|
38
|
33
|
| |
|
Notes
and commercial paper borrowings, net |
|
(2)
|
(695)
|
637
|
| |
|
Cash
dividends |
|
(319)
|
(317)
|
(317)
|
| |
|
Intercompany
cash dividends |
|
190
|
150
|
--
|
| |
|
Payments
on debt |
|
(87)
|
(78)
|
(174)
|
| |
|
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 |
|
(201)
|
(222)
|
165
|
| |
Net
increase (decrease) in cash and short-term investments |
|
(72)
|
67
|
(1)
|
| |
Cash
and short-term investments at beginning of year |
|
100
|
33
|
34
|
| |
Cash
and short-term investments at end of year |
|
$
28
|
$
100
|
$
33
|
| |
Cash
paid (received) during the year for: |
|
|
|
|
| |
|
Interest,
net of amount capitalized |
|
$
261
|
$
244
|
$
255
|
| |
|
Income
taxes |
|
$
(4)
|
$ 54
|
$ 188
|
