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BUSINESS SEGMENTS (Tables)
6 Months Ended
Jun. 30, 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
 
YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS
JUNE 2014
 
JUNE 2013
 
JUNE 2014
 
JUNE 2013
Sales to unaffiliated customers:
 
 
 
 
 
 
 
Timberlands
$
397

 
$
333

 
$
774

 
$
626

Wood Products
1,077

 
1,065

 
1,975

 
2,053

Cellulose Fibers
490

 
476

 
951

 
950

 
1,964

 
1,874

 
3,700

 
3,629

Intersegment sales:
 
 
 
 
 
 
 
Timberlands
186

 
166

 
424

 
390

Wood Products
21

 
18

 
40

 
36

 
207

 
184

 
464

 
426

Total sales
2,171


2,058

 
4,164

 
4,055

Intersegment eliminations
(207
)
 
(184
)
 
(464
)
 
(426
)
Total
$
1,964

 
$
1,874

 
$
3,700

 
$
3,629

Net contribution to earnings:
 
 
 
 
 
 
 
Timberlands
$
170

 
$
114

 
$
334

 
$
218

Wood Products
102

 
136

 
166

 
314

Cellulose Fibers
91

 
57

 
145

 
88

 
363

 
307

 
645

 
620

Unallocated Items(1)
48

 
(6
)
 
83

 
(56
)
Net contribution to earnings from discontinued operations
29

 
20

 
45

 
24

Net contribution to earnings
440


321

 
773

 
588

Interest expense, net of capitalized interest
(85
)
 
(81
)
 
(168
)
 
(163
)
Income before income taxes (continuing and discontinued operations)
355

 
240

 
605

 
425

Income taxes (continuing and discontinued operations)
(64
)
 
(42
)
 
(120
)
 
(83
)
Net earnings
291

 
198

 
485

 
342

Dividends on preference shares
(11
)
 
(2
)
 
(22
)
 
(2
)
Net earnings attributable to Weyerhaeuser common shareholders
$
280

 
$
196

 
$
463

 
$
340


(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.