NET EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2011

Pro Forma Results Giving Effect to Common Stock Distribution for Diluted Earnings Per Common Share

Reflected below are pro forma results giving effect to the common stock distribution for diluted earnings per common share for the quarter and year-to-date ended June 30, 2010, as if the common stock distribution had occurred at the beginning of the period.

Pro Forma 2010 Diluted Earnings per Share to Reflect Special Dividend

	QUARTER ENDED		YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS, EXCEPT PER SHARE FIGURES	JUNE 30, 2010		JUNE 30, 2010
Net earnings (loss) attributable to Weyerhaeuser common shareholders	$	14	$	(6	)
Diluted earnings (loss) per share:
As reported	$	0.07	$	(0.03	)
Pro forma	$	0.03	$	(0.01	)
Diluted weighted average shares outstanding:
As reported	212,103		211,521
Pro forma	536,423		535,840

Potential Shares Not Included in the Computation of Diluted Earnings per Share

Potential Shares Not Included in the Computation of Diluted Earnings (Loss) per Share

	QUARTER ENDED		YEAR-TO-DATE ENDED
SHARES IN THOUSANDS	JUNE 30, 2011	JUNE 30, 2010	JUNE 30, 2011	JUNE 30, 2010
Stock options	24,197	10,122	24,197	12,793
Restricted stock units	—	—	—	734
Performance share units	476	—	476	—