CHARGES FOR RESTRUCTURING, CLOSURES AND ASSET IMPAIRMENTS (Tables)

12 Months Ended

Dec. 31, 2011

Restructuring, Closures and Asset Impairments Disclosure

Items Included in Our Restructuring, Closure and Asset Impairment Charges

DOLLAR AMOUNTS IN MILLIONS
	2011		2010		2009
Restructuring and closure charges:
Termination benefits	$	4	$	22	$	101
Pension and postretirement charges	6		7		116
Other restructuring and closure costs	17		5		21
Charges for restructuring and closures	$	27	$	34	$	238
Impairments of long-lived assets and other related charges:
Charges attributable to Weyerhaeuser shareholders:
Long-lived asset impairments	$	42	$	92	$	157
Real estate impairments and charges	10		13		206
Write-off of pre-acquisition costs and abandoned community costs	1		5		52
Other assets	3		4		17
Charges attributable to non-controlling interests	—		—		16
Impairment of long-lived assets and other related charges	$	56	$	114	$	448
Total charges for restructuring and impairment of long-lived assets	$	83	$	148	$	686
Impairments of investments and other related charges:
Charges attributable to Weyerhaeuser shareholders	$	—	$	3	$	3
Charges attributable to non-controlling interests	—		—		4
Total impairments of investments and other related charges	$	—	$	3	$	7

Schedule of Restructuring Reserve by Type of Cost

Changes in accrued severance related to restructuring and facility closures during 2011 were as follows:

DOLLAR AMOUNTS IN MILLIONS
Accrued severance as of December 31, 2010	$	20
Charges	4
Payments	(20		)
Accrued severance as of December 31, 2011	$	4

Fair Value of Impaired Real Estate Assets

The table below provides, for each period indicated:

• the number of projects that were tested for recoverability as a result of triggering events that occurred during the period,

• the number of projects for which impairment charges were recognized in the period,

• the amount of real estate impairment charges attributable to Weyerhaeuser shareholders that were recognized in the period and

• additional information about the fair value of assets impaired in the period.

Real estate impairments relate primarily to projects or communities held for development. Within a community that is held for development, there may be individual homes or parcels of land that are currently held for sale. Impairment charges recognized as a result of adjusting individual held-for-sale assets within a community to estimated fair value less cost to sell are also included in the total impairment charges below. Impairment charges also include impairments of certain assets that were disposed of during the year. Impaired book values at December 31 only include assets that were impaired during the year and that remain on our balance sheet as of the end of each year.

DOLLAR AMOUNTS IN MILLIONS							Fair Value Measurements Using
	Number of Projects Tested for Recoverability	Number of Projects Impaired	Impairment Charges Recognized		Impaired Book Values at end of year		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Real estate communities:
2011	24	5	$	10	$	19	$	5	$	14
2010	28	3	$	13	$	17	$	6	$	11
2009	87	34	$	206	$	109	$	17	$	92