|
Cash
provided by (used for) operations: |
|
|
|
|
| |
|
Net
earnings |
|
$
80
|
$
71
|
$
29
|
| |
|
Noncash
charges (credits) to income: |
|
|
|
|
| |
|
|
Depreciation,
amortization
and fee stumpage |
|
5
|
12
|
16
|
| |
|
|
Deferred
income taxes, net |
|
11
|
(13)
|
60
|
| |
|
|
Pension
and other postretirement benefits |
|
(2)
|
1
|
1
|
| |
|
|
Charge
for closure or disposition of facilities |
|
--
|
--
|
--
|
| |
|
|
Equity
in (income) loss of affiliates, joint ventures and limited partnerships |
|
(14)
|
(14)
|
(5)
|
| |
|
Decrease
(increase) in working capital: |
|
|
|
|
| |
|
|
Accounts
receivable |
|
(29)
|
8
|
(8)
|
| |
|
|
Inventories,
real estate and land |
|
16
|
(28)
|
98
|
| |
|
|
Prepaid
expenses |
|
--
|
--
|
--
|
| |
|
|
Mortgage-related
financial instruments |
|
28
|
(64)
|
19
|
| |
|
|
Accounts
payable and accrued
liabilities |
|
3
|
74
|
(27)
|
| |
|
(Gain)
loss on disposition of assets |
|
(10)
|
(8)
|
(7)
|
| |
|
(Gain)
loss on disposition of a business |
|
--
|
(45)
|
--
|
| |
|
Other |
|
(48)
|
5
|
(26)
|
| |
Cash
provided by operations |
|
40
|
(1)
|
150
|
| |
Cash
provided by (used for) investing activities: |
|
|
|
|
| |
|
Property
and equipment |
|
(2)
|
(3)
|
(9)
|
| |
|
Timber
and timberlands |
|
--
|
--
|
--
|
| |
|
Property
and equipment and timber and timberlands from acquisitions |
|
--
|
--
|
--
|
| |
|
Working
capital from acquisitions |
|
--
|
--
|
--
|
| |
|
Investments
in and advances to equity affiliates |
|
47
|
39
|
1
|
| |
|
Proceeds
from sale of: |
|
|
|
|
| |
|
|
Property
and equipment (Note 15) |
|
24
|
46
|
13
|
| |
|
|
Businesses |
|
--
|
192
|
--
|
| |
|
|
Mortgage-related
financial instruments |
|
66
|
55
|
106
|
| |
|
Restructuring
the ownership of a subsidiary |
|
--
|
--
|
--
|
| |
|
Intercompany
advances |
|
3
|
(42)
|
26
|
| |
|
Other |
|
(2)
|
(3)
|
13
|
| |
Cash
provided by (used for) investing activities: |
|
136
|
284
|
150
|
| |
Cash
provided by (used for) financing activities: |
|
|
|
|
| |
|
Issuances
of debt |
|
159
|
14
|
130
|
| |
|
Sale
of industrial revenue bonds |
|
--
|
--
|
--
|
| |
|
Notes
and commercial paper borrowings, net |
|
330
|
118
|
(103)
|
| |
|
Cash
dividends |
|
--
|
--
|
--
|
| |
|
Intercompany
cash dividends |
|
(190)
|
(150)
|
--
|
| |
|
Payments
on debt |
|
(490)
|
(281)
|
(339)
|
| |
|
Purchase
of treasury common shares |
|
--
|
--
|
--
|
| |
|
Exercise
of stock options |
|
--
|
--
|
--
|
| |
|
Other
|
|
--
|
--
|
--
|
| |
Cash
provided by (used for) financing activities |
|
(191)
|
(299)
|
(312)
|
| |
Net
increase (decrease) in cash and short-term investments |
|
(15)
|
(16)
|
(12)
|
| |
Cash
and short-term investments at beginning of year |
|
22
|
38
|
50
|
| |
Cash
and short-term investments at end of year |
|
$
7
|
$
22
|
$
38
|
| |
Cash
paid (received) during the year for: |
|
|
|
|
| |
|
Interest,
net of amount capitalized |
|
$
21
|
$
43
|
$
67
|
| |
|
Income
taxes |
|
$
70
|
$ (33)
|
$
(20)
|
