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CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net sales $ 2,141 $ 1,793 $ 4,092 $ 3,287
Cost of products sold 1,664 1,516 3,197 2,806
Gross margin 477 277 895 481
Selling expenses 54 47 105 89
General and administrative expenses 108 95 226 203
Research and development expenses 8 8 15 15
Charges for restructuring, closures and impairments 6 4 10 16
Other operating income, net (Note 12) (10) (53) (28) (119)
Operating income 311 176 567 277
Interest income and other 10 11 21 23
Interest expense, net of capitalized interest (81) (86) (163) (173)
Earnings before income taxes 240 101 425 127
Income taxes (Note 13) (42) (17) (83) (2)
Net earnings 198 84 342 125
Dividends on preference shares (2) 0 (2) 0
Net earnings attributable to Weyerhaeuser common shareholders $ 196 $ 84 $ 340 $ 125
Basic earnings per share attributable to Weyerhaeuser common shareholders (Note 3) $ 0.35 $ 0.16 $ 0.62 $ 0.23
Diluted earnings per share attributable to Weyerhaeuser common shareholders (Note 3) $ 0.35 $ 0.16 $ 0.61 $ 0.23
Dividends paid per common share $ 0.20 $ 0.15 $ 0.37 $ 0.30
Weighted average shares outstanding (in thousands) (Note 3):        
Basic 552,855 537,966 549,159 537,667
Diluted 557,588 540,033 554,301 539,880