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SELECTED QUARTERLY FINANCIAL INFORMATION (unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL INFORMATION (unaudited)
SELECTED QUARTERLY FINANCIAL INFORMATION (unaudited)
Quarterly financial data provides a review of our results and performance throughout the year. Our earnings per share for the full year do not always equal the sum of the four quarterly earnings-per share amounts because of common share activity during the year.
Key Quarterly Financial Data for the Last Two Years
DOLLAR AMOUNTS IN MILLIONS EXCEPT PER-SHARE FIGURES
  
First
Quarter
Second
Quarter
Third
Quarter(1)
Fourth
Quarter
Full Year
2015:
 
 
 
 
 
Net sales
$
1,721

$
1,807

$
1,820

$
1,734

$
7,082

Operating income
$
200

$
243

$
259

$
217

$
919

Earnings from continuing operations before income taxes
$
120

$
157

$
175

$
51

$
503

Net earnings
$
101

$
144

$
191

$
70

$
506

Net earnings attributable to Weyerhaeuser common shareholders
$
90

$
133

$
180

$
59

$
462

Basic net earnings per share attributable to Weyerhaeuser common shareholders
$
0.17

$
0.26

$
0.35

$
0.11

$
0.89

Diluted net earnings per share attributable to Weyerhaeuser common shareholders
$
0.17

$
0.26

$
0.35

$
0.11

$
0.89

Dividends paid per share
$
0.29

$
0.29

$
0.31

$
0.31

$
1.20

Market prices - high/low
$37.04 - $32.74

$33.19 - $31.06

$32.34 - $26.76

$32.72 - $26.73

$37.04 - $26.73

2014:
 
 
 
 
 
Net sales
$
1,736

$
1,964

$
1,915

$
1,788

$
7,403

Operating income
$
308

$
400

$
318

$
294

$
1,320

Earnings from continuing operations before income taxes
$
234

$
328

$
237

$
214

$
1,013

Net earnings
$
194

$
291

$
1,164

$
177

$
1,826

Net earnings attributable to Weyerhaeuser common shareholders
$
183

$
280

$
1,153

$
166

$
1,782

Basic net earnings per share attributable to Weyerhaeuser common shareholders
$
0.31

$
0.48

$
2.17

$
0.32

$
3.20

Diluted net earnings per share attributable to Weyerhaeuser common shareholders
$
0.31

$
0.47

$
2.15

$
0.31

$
3.18

Dividends paid per share
$
0.22

$
0.22

$
0.29

$
0.29

$
1.02

Market prices - high/low
$31.59 - $28.63

$33.26 - $27.48

$34.60 - $31.09

$36.88 - $31.61

$36.88 - $27.48

(1) Third Quarter 2014 includes a $972 million net gain on the Real Estate Divestiture recognized in 2014. See Note 3: Discontinued Operations for more information.