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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Net sales $ 7,082 $ 7,403 $ 7,254
Costs of products sold 5,694 5,763 5,716
Gross margin 1,388 1,640 1,538
Selling expenses 113 112 125
General and administrative expenses 289 338 404
Research and development expenses 24 27 33
Charges for restructuring, closures and impairments (Note 18) 25 44 377
Other operating costs (income), net (Note 19) 18 (201) (35)
Operating income 919 1,320 634
Earnings (loss) from equity affiliates (105) (1) 1
Interest income and other 36 38 54
Interest expense, net of capitalized interest (347) (344) (369)
Earnings from continuing operations before income taxes 503 1,013 320
Income taxes (Note 20) 3 (185) 171
Earnings from continuing operations 506 828 491
Earnings from discontinued operations, net of income taxes (Note 3) 0 998 72
Net earnings 506 1,826 563
Net earnings attributable to Weyerhaeuser 506 1,826 563
Dividends on preference shares (44) (44) (23)
Net earnings attributable to Weyerhaeuser common shareholders $ 462 $ 1,782 $ 540
Basic earnings per share attributable to Weyerhaeuser common shareholders (Note 5):      
Continuing operations $ 0.89 $ 1.41 $ 0.82
Discontinued operations 0.00 1.79 0.13
Net earnings per share 0.89 3.20 0.95
Diluted earnings per share attributable to Weyerhaeuser common shareholders (Note 5):      
Continuing operations 0.89 1.40 0.82
Discontinued operations 0.00 1.78 0.13
Net earnings per share 0.89 3.18 0.95
Dividends paid per common share $ 1.20 $ 1.02 $ 0.81
Weighted average shares outstanding (in thousands) (Note 5):      
Basic 516,371 556,705 566,329
Diluted 519,618 560,899 571,239