NET EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 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 period ended September 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	SEPTEMBER 2010		SEPTEMBER 2010
Net earnings attributable to Weyerhaeuser common shareholders	$	1,116	$	1,110
Diluted earnings per share:
As reported	$	3.50	$	4.48
Pro forma	$	2.08	$	2.07
Diluted weighted average shares outstanding:
As reported	318,360		247,879
Pro forma	536,923		536,558

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

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

	QUARTER ENDED		YEAR-TO-DATE ENDED
SHARES IN THOUSANDS	SEPTEMBER 2011	SEPTEMBER 2010	SEPTEMBER 2011	SEPTEMBER 2010
Stock options	23,666	26,677	23,666	26,677
Performance share units	471	—	471	—