EX-12 2 wy93011ex12.htm STATEMENTS REGARDING COMPUTATION OF RATIOS WY 9.30.11 EX12


EXHIBIT 12
Weyerhaeuser Company and Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
For the year-to-date periods ended September 30, 2011, and September 30, 2010
(Dollar amounts in millions)
 
 
YEAR-TO-DATE ENDED
 
SEPTEMBER 30,
2011
 
SEPTEMBER 30,
2010
Available earnings:
 
 
 
Earnings from continuing operations before interest expense, amortization of debt expense and income taxes
$
491

 
$
446

Add: interest portion of rental expense
12

 
14

Add: undistributed (earnings) loss of equity affiliates and income attributable to noncontrolling interests in subsidiaries
2

 
(29
)
Available earnings
$
505

 
$
431

Fixed charges:
 
 
 
Interest expense incurred:
 
 
 
Weyerhaeuser Company and subsidiaries, excluding Weyerhaeuser Real Estate Company and other related subsidiaries
$
274

 
$
304

Weyerhaeuser Real Estate Company and other related subsidiaries
18

 
21

Subtotal
292

 
325

Less: intercompany interest
(2
)
 
(3
)
Total interest expense incurred
290

 
322

Amortization of debt expense
5

 
4

Interest portion of rental expense
12

 
14

Total fixed charges
$
307

 
$
340

Ratio of earnings to fixed charges
1.64

 
1.27






Weyerhaeuser Company with its Weyerhaeuser Real Estate Company and Other Related Subsidiaries
Accounted for on the Equity Method, but Excluding the Undistributed Earnings of Those Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
For the year-to-date periods ended September 30, 2011 and September 30, 2010
(Dollar amounts in millions)
 
 
QUARTER ENDED
 
SEPTEMBER 30,
2011
 
SEPTEMBER 30,
2010
Available earnings:
 
  
 
Earnings from continuing operations before interest expense, amortization of debt expense and income taxes
$
475

  
$
424

Add: interest portion of rental expense
10

  
11

Add: undistributed loss of equity affiliates and attributable to noncontrolling interests in subsidiaries
2

  
9

Add: undistributed earnings before income taxes of Weyerhaeuser Real Estate Company and other related subsidiaries
(16
)
  
(76
)
Available earnings
$
471

  
$
368

Fixed charges:
 
  
 
Interest expense incurred
$
274

  
$
304

Amortization of debt expense
5

  
4

Interest portion of rental expense
10

  
11

Total fixed charges
$
289

  
$
319

Ratio of earnings to fixed charges
1.63

  
1.15