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CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net sales and revenues $ 6,216 $ 5,954 $ 5,068
Cost of products sold 5,120 4,831 4,661
Gross margin 1,096 1,123 407
Selling, general and administrative expenses 601 650 681
Research and development expenses 30 34 51
Alternative fuel mixture credits (Note 20) 0 0 (344)
Charges for restructuring, closures and impairments (Note 18) 83 148 686
Other operating income, net (Note 19) (212) (163) (288)
Operating income (loss) 594 454 (379)
Interest income and other 47 83 74
Impairment of investments and other related charges (Note 18) 0 (3) (7)
Interest expense, net of capitalized interest (Note 13) (384) (452) (462)
Earnings (loss) from continuing operations before income taxes 257 82 (774)
Income taxes (Note 20) 62 1,192 249
Earnings (loss) from continuing operations 319 1,274 (525)
Earnings (loss) from discontinued operations, net of income taxes (Note 3) 12 9 (43)
Net earnings (loss) 331 1,283 (568)
Less: net (earnings) loss attributable to noncontrolling interests 0 (2) 23
Net earnings (loss) attributable to Weyerhaeuser common shareholders $ 331 $ 1,281 $ (545)
Earnings (loss) per share attributable to Weyerhaeuser common shareholders, basic (Note 4):      
Continuing operations $ 0.60 $ 3.97 $ (2.38)
Discontinued operations $ 0.02 $ 0.03 $ (0.20)
Net earnings (loss) per share $ 0.62 $ 4.00 $ (2.58)
Earnings (loss) per share attributable to Weyerhaeuser common shareholders, diluted (Note 4):      
Continuing operations $ 0.59 $ 3.96 $ (2.38)
Discontinued operations $ 0.02 $ 0.03 $ (0.20)
Net earnings (loss) per share $ 0.61 $ 3.99 $ (2.58)
Dividends paid per share (Note 16) $ 0.60 $ 26.61 $ 0.60
Weighted average shares outstanding (in thousands) (Note 4):      
Basic 537,534 319,976 211,342
Diluted 539,879 321,096 211,342