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CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net sales and revenues $ 1,610 $ 1,641 $ 3,032 $ 2,924
Cost of products sold 1,343 1,314 2,520 2,416
Gross margin 267 327 512 508
Selling, general and administrative expenses 145 162 317 318
Research and development expenses 7 8 14 16
Charges for restructuring, closures and impairments 7 4 11 6
Other operating income, net (Note 6) (19) (2) (193) (72)
Operating income 127 155 363 240
Interest income and other 9 12 20 54
Interest expense, net of capitalized interest (Note 9) (117) (155) (210) (261)
Earnings from continuing operations before income taxes 19 12 173 33
Income taxes (Note 13) 4 (4) (52) (42)
Earnings (loss) from continuing operations 23 8 121 (9)
Earnings (loss) from discontinued operations, net of income taxes (Note 2) (13) 6 (12) 5
Net earnings (loss) 10 14 109 (4)
Less: net earnings attributable to noncontrolling interests 0 0 0 (2)
Net earnings (loss) attributable to Weyerhaeuser common shareholders $ 10 $ 14 $ 109 $ (6)
Earnings (loss) per share attributable to Weyerhaeuser common shareholders, basic and diluted (Note 4):        
Continuing operations $ 0.04 $ 0.04 $ 0.22 $ (0.05)
Discontinued operations $ (0.02) $ 0.03 $ (0.02) $ 0.02
Net earnings (loss) per share $ 0.02 $ 0.07 $ 0.20 $ (0.03)
Dividends paid per share $ 0.15 $ 0.05 $ 0.30 $ 0.10
Weighted average shares outstanding (in thousands) (Note 4):        
Basic 538,599 211,600 537,873 211,521
Diluted 541,095 212,103 540,790 211,521