MERGER WITH PLUM CREEK (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Consideration Transferred [Table Text Block]

The following table summarizes the total consideration transferred in the merger:



DOLLAR AMOUNTS IN MILLIONS, EXCEPT PER-SHARE FIGURES
Number of Plum Creek common shares outstanding⁽¹⁾	174,307,267
Exchange ratio per the merger agreement	1.60
Weyerhaeuser shares issued in exchange for Plum Creek equity⁽²⁾	278,901,479
Price per Weyerhaeuser common share⁽³⁾	$	22.87
Aggregate value of Weyerhaeuser common stock issued			$	6,378
Fair value of stock options⁽⁴⁾			5
Estimated consideration transferred			$	6,383


(1)	The number of shares of Plum Creek common stock issued and outstanding as of February 19, 2016.


(2)	Total shares issued net of partial shares settled in cash.


(3)	The closing price of Weyerhaeuser common stock on the NYSE on February 19, 2016.


(4)	The estimated fair value of Plum Creek stock options for pre-merger services rendered.

Actual Impact of Acquisition [Table Text Block]

The amount of revenue and loss before income taxes from acquired Plum Creek operations included in our Consolidated Statement of Operations from the merger date to March 31, 2016 are as follows:



DOLLAR AMOUNTS IN MILLIONS	MARCH 2016
Net sales	$	126
Loss before income taxes	$	31

Business Acquisition, Pro Forma Information [Table Text Block]

Summarized unaudited pro forma information that presents combined amounts as if this merger occurred at the beginning of 2015 is as follows:



	QUARTER ENDED
DOLLAR AMOUNTS IN MILLIONS, EXCEPT PER-SHARE FIGURES	MARCH 2016		MARCH 2015
Net sales	$	1,991	$	2,125
Net earnings attributable to Weyerhaeuser common shareholders	$	164	$	103
Basic earnings per share attributable to Weyerhaeuser common shareholders	$	0.21	$	0.13
Diluted earnings per share attributable to Weyerhaeuser common shareholders	$	0.21	$	0.13

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Preliminary estimated fair values of identifiable assets acquired and liabilities assumed as of the acquisition date are as follows:



DOLLAR AMOUNTS IN MILLIONS	FEBRUARY 19, 2016
Current assets	$	128
Timber and timberlands	8,124
Minerals and mineral rights	312
Property and equipment	272
Equity investment in Timberland Venture	876
Equity investment in Real Estate Development Ventures	88
Other assets	163
Total assets acquired	$	9,963

Current liabilities	$	610
Long-term debt	2,056
Note Payable to Timberland Venture	837
Other liabilities	77
Total liabilities assumed	$	3,580

Net assets acquired	$	6,383