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BUSINESS SEGMENTS
 12 Months Ended
Dec. 31, 2012
BUSINESS SEGMENTS
BUSINESS SEGMENTS
Our business segments and how we account for those segments are discussed in Note 1: Summary of Significant Accounting Policies. This note provides key financial data by business segment.
DISCONTINUED OPERATIONS
We have disposed of various businesses and operations that are excluded from the segment results below. See Note 3: Discontinued Operations for information regarding our discontinued operations and the segments affected.
KEY FINANCIAL DATA BY BUSINESS SEGMENT
Sales, Revenues and Contribution (Charge) to Earnings
DOLLAR AMOUNTS IN MILLIONS
  
TIMBERLANDS

WOOD
PRODUCTS

CELLULOSE
FIBERS

REAL
ESTATE

UNALLOCATED ITEMS(1) AND INTERSEGMENT ELIMINATIONS

CONSOLIDATED

Sales to and revenues from unaffiliated customers
2012
$
1,077

$
3,058

$
1,854

$
1,070

$
—

$
7,059

2011
$
1,044

$
2,276

$
2,058

$
838

$
—

$
6,216

2010
$
874

$
2,224

$
1,911

$
923

$
22

$
5,954

Intersegment sales
2012
$
683

$
74

$
—

$
—

$
(757
)
$
—

2011
$
646

$
80

$
—

$
—

$
(726
)
$
—

2010
$
603

$
63

$
—

$
—

$
(666
)
$
—

Contribution (charge) to earnings from continuing operations
2012
$
322

$
120

$
223

$
105

$
18

$
788

2011
$
491

$
(243
)
$
452

$
58

$
(117
)
$
641

2010
$
282

$
(316
)
$
421

$
91

$
54

$
532

(1) Unallocated Items are gains or charges not related to or allocated to an individual operating segment. They include a portion of items such as: share-based compensation, pension and postretirement costs, foreign exchange transaction gains and losses associated with financing, and the elimination of intersegment profit in inventory and the LIFO reserve.

Management evaluates segment performance based on the contributions to earnings of the respective segments. An analysis and reconciliation of our business segment information to the consolidated financial statements follows:
Reconciliation of Contribution to Earnings to Net Earnings Attributable to Weyerhaeuser Shareholders
DOLLAR AMOUNTS IN MILLIONS
  
2012

2011

2010

Net contribution to earnings from continuing operations
$
788

$
641

$
532

Net contribution to earnings from discontinued operations
—

20

14

Total contribution to earnings
788

661

546

Interest expense, net of capitalized interest
(348
)
(384
)
(452
)
Income before income taxes (continuing and discontinued operations)
440

277

94

Income taxes (continuing and discontinued operations)
(55
)
54

1,187

Net earnings attributable to Weyerhaeuser common shareholders
$
385

$
331

$
1,281


 
Additional Financial Information
DOLLAR AMOUNTS IN MILLIONS
  
TIMBERLANDS

WOOD
PRODUCTS

CELLULOSE
FIBERS

REAL
ESTATE

UNALLOCATED
ITEMS

CONSOLIDATED

Depreciation, depletion and amortization
2012
$
142

$
133

$
150

$
12

$
19

$
456

2011
$
137

$
151

$
147

$
13

$
28

$
476

2010
$
121

$
181

$
148

$
17

$
28

$
495

Net pension and postretirement cost (credit)(1)
2012
$
8

$
25

$
14

$
4

$
29

$
80

2011
$
7

$
22

$
13

$
4

$
26

$
72

2010
$
6

$
19

$
11

$
3

$
(73
)
$
(34
)
Charges for restructuring, closures and impairments(2)
2012
$
2

$
6

$
—

$
6

$
18

$
32

2011
$
—

$
64

$
1

$
14

$
4

$
83

2010
$
2

$
113

$
—

$
21

$
12

$
148

Equity in income (loss) of equity affiliates and unconsolidated entities
2012
$
—

$
—

$
5

$
2

$
(3
)
$
4

2011
$
—

$
—

$
2

$
2

$
(4
)
$
—

2010
$
—

$
—

$
(6
)
$
12

$
(6
)
$
—

Capital expenditures
2012
$
60

$
56

$
160

$
4

$
5

$
285

2011
$
53

$
35

$
146

$
3

$
1

$
238

2010
$
72

$
31

$
123

$
5

$
1

$
232

Investments in and advances to equity affiliates and unconsolidated entities
2012
$
—

$
—

$
191

$
21

$
1

$
213

2011
$
—

$
—

$
191

$
21

$
1

$
213

2010
$
—

$
—

$
194

$
16

$
—

$
210

Total assets
2012
$
4,697

$
1,319

$
2,386

$
2,003

$
2,187

$
12,592

2011
$
4,694

$
1,256

$
2,435

$
1,917

$
2,332

$
12,634

2010
$
4,731

$
1,551

$
2,406

$
1,953

$
2,823

$
13,464

(1) Net pension and postretirement cost (credit) excludes special items, as well as the recognition of curtailments, settlements and special termination benefits due to closures, restructuring or divestitures. See Note 8: Pension and Other Postretirement Benefit Plans for more information.
(2)   See Note 18: Charges for Restructuring, Closures and Asset Impairments for more information