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BUSINESS SEGMENTS
 9 Months Ended
Sep. 30, 2013
BUSINESS SEGMENTS
BUSINESS SEGMENTS
We are principally engaged in growing and harvesting timber; manufacturing, distributing and selling forest products; and developing real estate and building single-family homes. Our principal business segments are:
•
Timberlands – which includes logs; timber; minerals, oil and gas; and international wood products;
•
Wood Products – which includes softwood lumber, engineered lumber, structural panels and building materials distribution;
•
Cellulose Fibers – which includes pulp, liquid packaging board and an equity interest in a newsprint joint venture; and
•
Real Estate – which includes real estate development and single-family home building operations.
An analysis and reconciliation of our business segment information to the respective information in the Consolidated Financial Statements is as follows:
 
QUARTER ENDED
 
YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS
SEPTEMBER 2013
 
SEPTEMBER 2012
 
SEPTEMBER 2013
 
SEPTEMBER 2012
Sales to unaffiliated customers:
 
 
 
 
 
 
 
Timberlands
$
353

 
$
267

 
$
979

 
$
779

Wood Products
1,030

 
816

 
3,083

 
2,226

Cellulose Fibers
474

 
459

 
1,424

 
1,391

Real Estate
324

 
230

 
787

 
663

 
2,181

 
1,772

 
6,273

 
5,059

Intersegment sales:
 
 
 
 
 
 
 
Timberlands
194

 
162

 
584

 
498

Wood Products
19

 
18

 
55

 
58

 
213

 
180

 
639

 
556

Total sales
2,394


1,952

 
6,912

 
5,615

Intersegment eliminations
(213
)
 
(180
)
 
(639
)
 
(556
)
Total
$
2,181

 
$
1,772

 
$
6,273

 
$
5,059

Net contribution to earnings:
 
 
 
 
 
 
 
Timberlands
$
118

 
$
80

 
$
336

 
$
227

Wood Products
79

 
59

 
393

 
82

Cellulose Fibers
47

 
78

 
135

 
162

Real Estate
33

 
17

 
47

 
24

 
277

 
234

 
911

 
495

Unallocated Items(1)
21

 
(17
)
 
(25
)
 
22

Net contribution to earnings
298

 
217

 
886

 
517

Interest expense, net of capitalized interest
(95
)
 
(87
)
 
(258
)
 
(260
)
Income before income taxes
203

 
130

 
628

 
257

Income taxes
(36
)
 
(13
)
 
(119
)
 
(15
)
Net earnings
167

 
117

 
509

 
242

Dividends on preference shares
(10
)
 
—

 
(12
)
 
—

Net earnings attributable to Weyerhaeuser common shareholders
$
157

 
$
117

 
$
497

 
$
242


(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.