LONG-TERM DEBT

This note provides details about:


•	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 our 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.

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



DOLLAR AMOUNTS IN MILLIONS
	DECEMBER 31, 2013			DECEMBER 31, 2012
7.50% debentures due 2013	$	—		$	156
7.25% debentures due 2013	—			129
6.95% debentures due 2017	281			281
7.00% debentures due 2018	62			62
7.375% notes due 2019	500			500
Variable rate term loan credit facility due 2020	550			—
9.00% debentures due 2021	150			150
7.125% debentures due 2023	191			191
4.625% notes due 2023	500			—
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 2013	—			56
Notes payable, unsecured; weighted average interest rates are approximately 4.8%, due 2013-2027	—			109
Other	1			1
	4,896			4,296
Less unamortized discounts	(5		)	(5		)
Total	$	4,891		$	4,291
Portion due within one year	$	—		$	409

In order to repay the debt that we assumed in the acquisition of Longview Timber, in 2013 we issued $500 million of 4.625 percent notes due September 15, 2023. The net proceeds after deducting the discount, underwriting fees and issuance costs were $495 million. We also entered into a $550 million 7-year senior unsecured term loan credit facility maturing in September 2020 and borrowed $550 million. Borrowings are at LIBOR plus a spread or at other interest rates mutually agreed upon between the borrower and the lending banks.

On October 15, 2013, we repaid the $1,118 million carrying value of the debt that we assumed in the acquisition of Longview Timber and related fees, expenses and premiums using the proceeds from the notes issued and the borrowings from our term loan credit facility borrowed in 2013. A pretax charge of $25 million was included in our net interest expense in 2013, for early retirement premiums, unamortized debt issuance costs and other miscellaneous charges in connection with the early extinguishment of debt. See Note 3: Longview Timber Purchase for more information.

In addition to the Longview Timber debt and repaying debt that was scheduled to mature, we repaid approximately $40 million and $518 million of long-term debt in 2013 and 2011, respectively. Included in our net interest expense, Weyerhaeuser recognized pretax charges in 2011 of $26 million, which included early retirement premiums, unamortized debt issuance costs and other miscellaneous charges in connection with early extinguishment of debt.

Amounts of Long-Term Debt Due Annually for the Next Five Years and the Total Amount Due After 2018



DOLLAR AMOUNTS IN MILLIONS
	DECEMBER 31, 2013
Long-term debt maturities:
2014	$	—
2015	$	—
2016	$	—
2017	$	281
2018	$	62
Thereafter	$	4,553