CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2016

Condensed Income Statement [Table Text Block]

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

	QUARTER ENDED MARCH 31, 2016
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY			Subsidiary Issuer – PC Timberlands*			Non-Issuer and Non-Guarantor Subsidiaries			Eliminations			Total Company
Net sales	$	186		$	27		$	1,808		$	(186	)	$	1,835
Costs of products sold	57			24			1,577			(183		)	1,475
Gross margin	129			3			231			(3		)	360
Other operating expenses, net	81			22			71			—			174
Operating income	48			(19		)	160			(3		)	186
Non-operating expense, net	(12		)	(6		)	(67		)	—			(85		)
Earnings before income taxes	36			(25		)	93			(3		)	101
Income taxes	—			—			(20		)	—			(20		)
Net earnings	36			(25		)	73			(3		)	81
Dividends on preference shares	(11		)	—			—			—			(11		)
Net earnings attributable to Weyerhaeuser common shareholders	$	25		$	(25	)	$	73		$	(3	)	$	70

	QUARTER ENDED MARCH 31, 2015
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY			Subsidiary Issuer – PC Timberlands*		Non-Issuer and Non-Guarantor Subsidiaries			Eliminations			Total Company
Net sales	$	198		$	—	$	1,699		$	(170	)	$	1,727
Costs of products sold	61			—		1,495			(171		)	1,385
Gross margin	137			—		204			1			342
Other operating expenses, net	19			—		123			—			142
Operating income	118			—		81			1			200
Non-operating expense, net	(6		)	—		(74		)	—			(80		)
Earnings before income taxes	112			—		7			1			120
Income taxes	—			—		(19		)	—			(19		)
Net earnings	112			—		(12		)	1			101
Dividends on preference shares	(11		)	—		—			—			(11		)
Net earnings attributable to Weyerhaeuser common shareholders	$	101		$	—	$	(12	)	$	1		$	90

Condensed Statement of Comprehensive Income [Table Text Block]

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

	QUARTER ENDED MARCH 31, 2016
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY		Subsidiary Issuer – PC Timberlands*			Non-Issuer and Non-Guarantor Subsidiaries			Eliminations			Total Company
Net earnings (loss)	$	36	$	(25	)	$	73		$	(3	)	$	81
Other comprehensive income:
Foreign currency translation adjustments	—		—			41			—			41
Actuarial gains, net of tax expense	2		—			8			—			10
Prior service costs, net of tax expense	—		—			(2		)	—			(2		)
Unrealized gains on available-for-sale securities	—		—			—			—			—
Total other comprehensive income	2		—			47			—			49
Comprehensive income (loss)	$	38	$	(25	)	$	120		$	(3	)	$	130

	QUARTER ENDED MARCH 31, 2015
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY		Subsidiary Issuer – PC Timberlands*		Non-Issuer and Non-Guarantor Subsidiaries			Eliminations		Total Company
Net earnings (loss)	$	112	$	—	$	(12	)	$	1	$	101
Other comprehensive income:
Foreign currency translation adjustments	—		—		(47		)	—		(47		)
Actuarial gains, net of tax expense	5		—		57			—		62
Prior service costs, net of tax expense	—		—		(2		)	—		(2		)
Unrealized gains on available-for-sale securities	—		—		1			—		1
Total other comprehensive income	5		—		9			—		14
Comprehensive income (loss)	$	117	$	—	$	(3	)	$	1	$	115

Condensed Balance Sheet [Table Text Block]

CONDENSED CONSOLIDATING BALANCE SHEET

	MARCH 31, 2016
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY		Subsidiary Issuer – PC Timberlands*		Non-Issuer and Non-Guarantor Subsidiaries		Eliminations			Total Company
Cash and cash equivalents	$	216	$	29	$	170	$	—		$	415
Other current assets	54		7		1,359		(5		)	1,415
Total current assets	270		36		1,529		(5		)	1,830
Property and equipment, net	165		66		2,532		—			2,763
Timber and timberlands at cost, net	3,485		5,713		5,373		(23		)	14,548
Investments in and advances to subsidiaries	10,896		4,535		781		(16,212		)	—
Other assets	88		143		3,042		(635		)	2,638
Total assets	$	14,904	$	10,493	$	13,257	$	(16,875	)	$	21,779
Total current liabilities	$	141	$	59	$	785	$	(1	)	$	984
Note payable to Timberland Venture	—		—		835		—			835
Long-term debt	2,743		1,829		3,831		(600		)	7,803
Other long-term liabilities	91		67		1,718		—			1,876
Total liabilities	2,975		1,955		7,169		(601		)	11,498
Equity:
Mandatory convertible preference shares	14		—		—		—			14
Common shares	948		—		—		—			948
Other equity	10,967		8,538		6,088		(16,274		)	9,319
Total equity	11,929		8,538		6,088		(16,274		)	10,281
Total liabilities and equity	$	14,904	$	10,493	$	13,257	$	(16,875	)	$	21,779

	DECEMBER 31, 2015
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY		Subsidiary Issuer – PC Timberlands*		Non-Issuer and Non-Guarantor Subsidiaries		Eliminations			Total Company
Cash and cash equivalents	$	673	$	—	$	339	$	—		$	1,012
Other current assets	7		—		1,161		(6		)	1,162
Total current assets	680		—		1,500		(6		)	2,174
Property and equipment, net	167		—		2,405		—			2,572
Timber and timberlands, net	3,538		—		2,965		(23		)	6,480
Investments in and advances to subsidiaries	2,948		—		—		(2,948		)	—
Other assets	88		—		1,791		(635		)	1,244
Total assets	$	7,421	$	—	$	8,661	$	(3,612	)	$	12,470
Total current liabilities	$	66	$	—	$	814	$	(5	)	$	875
Long-term debt	1,645		—		3,830		(600		)	4,875
Other long-term liabilities	91		—		1,760		—			1,851
Total liabilities	1,802		—		6,404		(605		)	7,601
Equity:
Mandatory convertible preference shares	14		—		—		—			14
Common shares	638		—		—		—			638
Other equity	4,967		—		2,257		(3,007		)	4,217
Total equity	5,619		—		2,257		(3,007		)	4,869
Total liabilities and equity	$	7,421	$	—	$	8,661	$	(3,612	)	$	12,470

Condensed Cash Flow Statement [Table Text Block]

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	QUARTER ENDED MARCH 31, 2016
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY			Subsidiary Issuer – PC Timberlands*		Non-Issuer and Non-Guarantor Subsidiaries			Eliminations			Total Company
Net cash from (used in) operations	$	29		$	25	$	(7	)	$	—		$	47
Net cash from (used in) investing activities:
Capital expenditures	(14		)	—		(59		)	—			(73		)
Acquisition of timberlands	—			—		(6		)	—			(6		)
Proceeds from sale of assets	—			—		70			—			70
Distributions from joint ventures	—			—		24			—			24
Cash acquired in merger with Plum Creek	—			4		5			—			9
Distribution from subsidiaries	196			—		—			(196		)	—
Net cash from investing activities	182			4		34			(196		)	24
Net cash from (used in) financing activities:
Net proceeds from issuance of debt	1,098			—		—			—			1,098
Payments on debt	(720		)	—		—			—			(720		)
Cash dividends on common shares	(241		)	—		—			—			(241		)
Repurchase of common stock	(798		)	—		—			—			(798		)
Distribution to parent	—			—		(196		)	196			—
Other	(7		)	—		—			—			(7		)
Net cash used in financing activities	$	(668	)	$	—	$	(196	)	$	196		$	(668	)

	QUARTER ENDED MARCH 31, 2015
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY			Subsidiary Issuer – PC Timberlands*		Non-Issuer and Non-Guarantor Subsidiaries			Eliminations			Total Company
Net cash from (used in) operations	$	(50	)	$	—	$	137		$	—		$	87
Net cash from (used in) investing activities:
Capital expenditures	(19		)	—		(70		)	—			(89		)
Acquisitions of timberlands	(26		)	—		(6		)	—			(32		)
Proceeds from sale of assets	—			—		2			—			2
Issuance of note to parent	—			—		(600		)	600			—
Distribution from subsidiaries	144			—		—			(144		)	—
Net cash from (used in) investing activities	99			—		(674		)	456			(119		)
Net cash from (used in) financing activities:
Proceeds from note from subsidiary	600			—		—			(600		)	—
Cash dividends on common shares	(152		)	—		—			—			(152		)
Repurchase of common stock	(253		)	—		—			—			(253		)
Distribution to parent	—			—		(144		)	144			—
Other	11			—		4			—			15
Net cash from (used in) financing activities	$	206		$	—	$	(140	)	$	(456	)	$	(390	)