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CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Net sales and revenues$ 1,569$ 1,514$ 4,601$ 4,438
Cost of products sold1,2831,1933,8033,609
Gross margin286321798829
Selling, general and administrative expenses135161452479
Research and development expenses782124
Charges for restructuring, closures and impairments (Note 7)41165222
Other operating costs (income), net (Note 8)3(24)(190)(96)
Operating income100160463400
Interest income and other15193573
Interest expense, net of capitalized interest (Note 11)(86)(95)(296)(356)
Earnings from continuing operations before income taxes2984202117
Income taxes (Note 15)1041,02852986
Earnings from continuing operations1331,1122541,103
Earnings from discontinued operations, net of income taxes (Note 3)244129
Net earnings1571,1162661,112
Less: net earnings attributable to noncontrolling interests000(2)
Net earnings attributable to Weyerhaeuser common shareholders$ 157$ 1,116$ 266$ 1,110
Earnings per share attributable to Weyerhaeuser common shareholders, basic (Note 5):    
Continuing operations$ 0.25$ 3.51$ 0.47$ 4.45
Discontinued operations$ 0.04$ 0.01$ 0.02$ 0.04
Net earnings per share$ 0.29$ 3.52$ 0.49$ 4.49
Earnings per share attributable to Weyerhaeuser common shareholders, diluted (Note 5):    
Continuing operations$ 0.25$ 3.49$ 0.47$ 4.44
Discontinued operations$ 0.04$ 0.01$ 0.02$ 0.04
Net earnings per share$ 0.29$ 3.50$ 0.49$ 4.48
Dividends paid per share (Note 5)$ 0.15$ 26.46$ 0.45$ 26.56
Weighted average shares outstanding (in thousands) (Note 5):    
Basic537,969317,369537,906247,192
Diluted539,827318,360540,469247,879