DOLLAR AMOUNTS IN MILLIONS Cash flows from operations: Net earnings (loss) Noncash charges (credits) to earnings (loss): Depreciation, depletion and amortization Basis of real estate sold Deferred income taxes, net (Note 20) Pension and other post-employment benefits (Note 9) Share-based compensation expense (Note 16) Charges for impairment of assets (Note 4) Net gains on sale of timberlands (Note 4) Timber casualty loss (Note 19) Change in: Receivables, net 2021 2020 2019 $ 2,607 $ 797 $ (76) 477 472 510 71 141 116 14 (56) (169) 61 326 548 30 30 30 - 80 (32) (182) (48) 80 (57) (141) 13 Receivables and payables for taxes 99 65 33 Inventories (77) (25) (23) Prepaid expenses and other current assets (25) (4) 6 Accounts payable and accrued liabilities 113 (17) 37 Pension and post-employment benefit contributions and payments (59) (30) (45) Other (63) 73 (46) Net cash from operations 3,159 1,529 966 Cash flows from investing activities: Capital expenditures for property and equipment (386) (225) (327) Capital expenditures for timberlands reforestation (55) (56) (57) Acquisition of timberlands (Note 4) (149) (425) Proceeds from note receivable held by variable interest entities (Note 8) - 362 253 Proceeds from sale of timberlands (Note 4) 261 526 297 Other Net cash from investing activities 4 3 21 (325) 185 187 Cash flows from financing activities: Cash dividends on common shares Net proceeds from issuance of long-term debt (Note 12) Payments on long-term debt (Note 12) (884) (381) (1,013) - 732 739 (375) (1,492) (512) Proceeds from borrowings on line of credit (Note 11) - 550 1,095 Payments on line of credit (Note 11) Payments on debt held by variable interest entities (Note 8) Proceeds from exercise of stock options Repurchases of common shares (Note 15) Other Net cash from financing activities Net change in cash, cash equivalents and restricted cash Cash, cash equivalents and restricted cash at beginning of year Cash, cash equivalents and restricted cash at end of year Cash paid (received) during the year for: Interest, net of amounts capitalized of $4 in 2021, $4 in 2020 and $5 in 2019 Income taxes, net of refunds - - (780) (1,290) - (302) 51 33 13 (100) - (60) (22) (20) (18) (1,330) (1,358) (1,348) $ 1,504 $ 356 $ (195) $ 495 $ 139 $ 334 $ 1,999 $ 495 $ 139 $ 315 $ 365 $ 370 $ 609 $ 176 $ (2)