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BUSINESS SEGMENTS (Tables)
6 Months Ended
Jun. 30, 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
 
YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS
JUNE 2015
 
JUNE 2014
 
JUNE 2015
 
JUNE 2014
Sales to unaffiliated customers:
 
 
 
 
 
 
 
Timberlands
$
336

 
$
397

 
$
687

 
$
774

Wood Products
1,004

 
1,077

 
1,927

 
1,975

Cellulose Fibers
467

 
490

 
914

 
951

 
1,807

 
1,964

 
3,528

 
3,700

Intersegment sales:
 
 
 
 
 
 
 
Timberlands
187

 
186

 
415

 
424

Wood Products
22

 
21

 
41

 
40

 
209

 
207

 
456

 
464

Total sales
2,016


2,171

 
3,984

 
4,164

Intersegment eliminations
(209
)
 
(207
)
 
(456
)
 
(464
)
Total
$
1,807

 
$
1,964

 
$
3,528

 
$
3,700

Net contribution to earnings:
 
 
 
 
 
 
 
Timberlands
$
127

 
$
170

 
$
289

 
$
334

Wood Products
71

 
102

 
133

 
166

Cellulose Fibers
27

 
91

 
60

 
145

 
225

 
363

 
482

 
645

Unallocated Items(1)
20

 
48

 
(34
)
 
83

Net contribution to earnings from discontinued operations

 
29

 

 
45

Net contribution to earnings
245


440

 
448

 
773

Interest expense, net of capitalized interest (continuing and discontinued operations)
(88
)
 
(85
)
 
(171
)
 
(168
)
Income before income taxes (continuing and discontinued operations)
157

 
355

 
277

 
605

Income taxes (continuing and discontinued operations)
(13
)
 
(64
)
 
(32
)
 
(120
)
Net earnings
144

 
291

 
245

 
485

Dividends on preference shares
(11
)
 
(11
)
 
(22
)
 
(22
)
Net earnings attributable to Weyerhaeuser common shareholders
$
133

 
$
280

 
$
223

 
$
463


(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.