XML 39 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Net sales $ 1,721us-gaap_SalesRevenueNet $ 1,736us-gaap_SalesRevenueNet
Cost of products sold 1,385us-gaap_CostOfGoodsSold 1,361us-gaap_CostOfGoodsSold
Gross margin 336us-gaap_GrossProfit 375us-gaap_GrossProfit
Selling expenses 28us-gaap_SellingExpense 28us-gaap_SellingExpense
General and administrative expenses 74us-gaap_GeneralAndAdministrativeExpense 88us-gaap_GeneralAndAdministrativeExpense
Research and development expenses 5us-gaap_ResearchAndDevelopmentExpense 7us-gaap_ResearchAndDevelopmentExpense
Charges for restructuring, closures and impairments (Note 12) 14us-gaap_RestructuringSettlementAndImpairmentProvisions 19us-gaap_RestructuringSettlementAndImpairmentProvisions
Other operating costs (income), net (Note 13) 15us-gaap_OtherOperatingIncomeExpenseNet (75)us-gaap_OtherOperatingIncomeExpenseNet
Operating income 200us-gaap_OperatingIncomeLoss 308us-gaap_OperatingIncomeLoss
Interest income and other 3us-gaap_InterestAndOtherIncome 9us-gaap_InterestAndOtherIncome
Interest expense, net of capitalized interest (83)us-gaap_InterestExpense (83)us-gaap_InterestExpense
Earnings before income taxes 120us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 234us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income taxes (Note 14) (19)us-gaap_IncomeTaxExpenseBenefit (50)us-gaap_IncomeTaxExpenseBenefit
Earnings from continuing operations 101us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 184us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Earnings from discontinued operations, net of income taxes (Note 3) 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 10us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net earnings 101us-gaap_NetIncomeLoss 194us-gaap_NetIncomeLoss
Dividends on preference shares (11)us-gaap_PreferredStockDividendsIncomeStatementImpact (11)us-gaap_PreferredStockDividendsIncomeStatementImpact
Net earnings attributable to Weyerhaeuser common shareholders $ 90us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 183us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share attributable to Weyerhaeuser common shareholders, basic and diluted (Note 4):    
Continuing operations $ 0.17us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ 0.29us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
Discontinued operations $ 0.00us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare $ 0.02us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
Net earnings per share $ 0.17us-gaap_EarningsPerShareBasicAndDiluted $ 0.31us-gaap_EarningsPerShareBasicAndDiluted
Dividends paid per share $ 0.29us-gaap_CommonStockDividendsPerShareCashPaid $ 0.22us-gaap_CommonStockDividendsPerShareCashPaid
Weighted average shares outstanding (in thousands) (Note 4):    
Basic 523,426us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 584,915us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 527,423us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 589,312us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding