LONG-TERM DEBT

This note provides details about:


•	Forest Products long-term debt and the portion due within one year,


•	Real Estate long-term debt and the portion due within one year and


•	long-term debt maturities.

Our long-term debt includes notes, debentures, revenue bonds and other borrowings. The following table lists Forest Products’ long-term debt, which includes Weyerhaeuser Company debt, by types and interest rates at the end of our last two years and includes the current portion.

Forest Products Long-Term Debt by Types and Interest Rates (Includes Current Portion)



DOLLAR AMOUNTS IN MILLIONS
	DECEMBER 31, 2011			DECEMBER 31, 2010
6.75% notes due 2012	$	—		$	518
7.50% debentures due 2013	156			156
7.25% debentures due 2013	129			129
6.95% debentures due 2017	281			281
7.00% debentures due 2018	62			62
7.375% notes due 2019	500			500
9.00% debentures due 2021	150			150
7.125% debentures due 2023	191			191
8.50% debentures due 2025	300			300
7.95% debentures due 2025	136			136
7.70% debentures due 2026	150			150
7.35% debentures due 2026	62			62
7.85% debentures due 2026	100			100
6.95% debentures due 2027	300			300
7.375% debentures due 2032	1,250			1,250
6.875% debentures due 2033	275			275
Industrial revenue bonds, rates from 6.7% to 6.8%, due 2022	88			88
Medium-term notes, rates from 6.6% to 7.3%, due 2012–2013	67			67
Other	1			1
	4,198			4,716
Less unamortized discounts	(5		)	(6		)
Total	$	4,193		$	4,710
Portion due within one year	$	12		$	—

In addition to repaying debt that was scheduled to mature, we repaid approximately $518 million, $572 million and $367 million of long-term debt during the years ended December 31, 2011, 2010 and 2009, respectively. Included in our net interest expense, Weyerhaeuser recognized pretax charges in 2011, 2010 and 2009 of $26 million, $50 million and $28 million, respectively, which included early retirement premiums, unamortized debt issuance costs and other miscellaneous charges in connection with early extinguishment of debt.

Real Estate Long-Term Debt by Types and Interest Rates (Includes Current Portion)

In addition to repaying debt that was scheduled to mature, we repaid approximately $32 million of long-term debt during the year ended December 31, 2011.

Amounts of Long-Term Debt Due Annually for the Next Five Years and the Total Amount Due After 2016



DOLLAR AMOUNTS IN MILLIONS
	DECEMBER 31, 2011
	FOREST PRODUCTS		REAL ESTATE
Long-term debt maturities:
2012	$	12	$	176
2013	$	340	$	69
2014	$	—	$	15
2015	$	—	$	—
2016	$	—	$	—
Thereafter	$	3,846	$	25

DOLLAR AMOUNTS IN MILLIONS

DECEMBER 31,
2011

DECEMBER 31,
2010

Notes payable, unsecured; weighted average interest rates are approximately 5.6%, due 2012-2027

Portion due within one year