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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net sales $ 1,835 $ 1,727
Cost of products sold 1,475 1,385
Gross margin 360 342
Selling expenses 27 28
General and administrative expenses 85 74
Research and development expenses 6 5
Charges for integration and restructuring, closures and asset impairments (Note 15) 117 14
Other operating costs (income), net (Note 16) (61) 21
Operating income 186 200
Equity earnings (loss) from joint ventures (Note 6) 3 (6)
Interest income and other 9 9
Interest expense, net of capitalized interest (97) (83)
Earnings before income taxes 101 120
Income taxes (Note 17) (20) (19)
Net earnings 81 101
Dividends on preference shares (11) (11)
Net earnings attributable to Weyerhaeuser common shareholders $ 70 $ 90
Earnings per share attributable to Weyerhaeuser common shareholders, basic and diluted (Note 4):    
Earnings per share attributable to Weyerhaeuser common shareholders, basic and diluted (Note 4) $ 0.11 $ 0.17
Dividends paid per share $ 0.31 $ 0.29
Weighted average shares outstanding (in thousands) (Note 4):    
Basic 632,004 523,426
Diluted 634,872 527,423