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BUSINESS SEGMENTS (Tables)
3 Months Ended
Mar. 31, 2015
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 2015
 
MARCH 2014
Sales to unaffiliated customers:
 
 
 
Timberlands
$
351

 
$
377

Wood Products
923

 
898

Cellulose Fibers
447

 
461

 
1,721

 
1,736

Intersegment sales:
 
 
 
Timberlands
228

 
238

Wood Products
19

 
19

 
247

 
257

Total sales
1,968


1,993

Intersegment eliminations
(247
)
 
(257
)
Total
$
1,721

 
$
1,736

Net contribution to earnings:
 
 
 
Timberlands
$
162

 
$
164

Wood Products
62

 
64

Cellulose Fibers
33

 
54

 
257

 
282

Unallocated Items(1)
(54
)
 
35

Net contribution to earnings from discontinued operations

 
16

Net contribution to earnings
203


333

Interest expense, net of capitalized interest (continuing and discontinued operations)
(83
)
 
(83
)
Income before income taxes (continuing and discontinued operations)
120

 
250

Income taxes (continuing and discontinued operations)
(19
)
 
(56
)
Net earnings
101

 
194

Dividends on preference shares
(11
)
 
(11
)
Net earnings attributable to Weyerhaeuser common shareholders
$
90

 
$
183


(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.