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BUSINESS SEGMENTS (Tables)
3 Months Ended
Mar. 31, 2014
Reconciliation of Revenue from Segments to Consolidated
An analysis and reconciliation of our business segment information to the respective information in the Consolidated Financial Statements is as follows:
 
QUARTER ENDED
DOLLAR AMOUNTS IN MILLIONS
MARCH 2014
 
MARCH 2013
Sales to unaffiliated customers:
 
 
 
Timberlands
$
377

 
$
293

Wood Products
898

 
988

Cellulose Fibers
461

 
474

Real Estate
248

 
196

 
1,984

 
1,951

Intersegment sales:
 
 
 
Timberlands
238

 
224

Wood Products
19

 
18

 
257

 
242

Total sales
2,241


2,193

Intersegment eliminations
(257
)
 
(242
)
Total
$
1,984

 
$
1,951

Net contribution to earnings:
 
 
 
Timberlands
$
164

 
$
104

Wood Products
64

 
178

Cellulose Fibers
54

 
31

Real Estate
12

 

 
294

 
313

Unallocated Items(1)
39

 
(46
)
Net contribution to earnings
333

 
267

Interest expense, net of capitalized interest
(83
)
 
(82
)
Income before income taxes
250

 
185

Income taxes
(56
)
 
(41
)
Net earnings
194

 
144

Dividends on preference shares
(11
)
 

Net earnings attributable to Weyerhaeuser common shareholders
$
183

 
$
144


(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 outstanding borrowings and the elimination of intersegment profit in inventory and the LIFO reserve.