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BUSINESS SEGMENTS (Tables)
 9 Months Ended
Sep. 30, 2016
Reconciliation of Revenue from Segments to Consolidated
An analysis and reconciliation of our business segment information to the respective information in the Consolidated Statements of Operations is as follows:
 
QUARTER ENDED
 
YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS
SEPTEMBER 2016
 
SEPTEMBER 2015
 
SEPTEMBER 2016
 
SEPTEMBER 2015
Sales to unaffiliated customers:
 
 
 
 
 
 
 
Timberlands
$
484

 
$
310

 
$
1,342

 
$
961

Real Estate & ENR
48

 
22

 
125

 
69

Wood Products
1,177

 
1,023

 
3,302

 
2,950

 
1,709

 
1,355

 
4,769

 
3,980

Intersegment sales:
 
 
 
 
 
 
 
Timberlands
216

 
210

 
631

 
625

Wood Products
17

 
20

 
61

 
61

 
233

 
230

 
692

 
686

Total sales
1,942

 
1,585

 
5,461

 
4,666

Intersegment eliminations
(233
)
 
(230
)
 
(692
)
 
(686
)
Total
$
1,709

 
$
1,355

 
$
4,769

 
$
3,980

Net contribution to earnings:
 
 
 
 
 
 
 
Timberlands
$
122

 
$
107

 
$
376

 
$
363

Real Estate & ENR(1)
15

 
19

 
42

 
52

Wood Products
170

 
85

 
413

 
218

 
307

 
211

 
831

 
633

Unallocated items(2)(3)
(9
)
 
(36
)
 
(91
)
 
(90
)
Net contribution to earnings
298

 
175

 
740

 
543

Interest expense, net of capitalized interest
(114
)
 
(87
)
 
(323
)
 
(254
)
Earnings from continuing operations before income taxes
184

 
88

 
417

 
289

Income taxes
(22
)
 
44

 
(64
)
 
36

Earnings from continuing operations
162

 
132

 
353

 
325

Earnings from discontinued operations, net of income taxes
65

 
59

 
123

 
111

Net earnings
227

 
191

 
476

 
436

Dividends on preference shares
—

 
(11
)
 
(22
)
 
(33
)
Net earnings attributable to Weyerhaeuser common shareholders
$
227

 
$
180

 
$
454

 
$
403



(1)
The Real Estate & ENR segment includes the equity earnings from and investments in and advances to our Real Estate Development Ventures (as defined and described in Note 7: Related Parties), which are accounted for under the equity method.
(2)
Unallocated items are gains or charges not related to or allocated to an individual operating segment. They include a portion of items such as: share-based compensation, pension and postretirement costs, foreign exchange transaction gains and losses associated with financing, equity earnings from our Timberland Venture, (as defined and described in Note 7: Related Parties), the elimination of intersegment profit in inventory and the LIFO reserve.
(3)
As a result of reclassifying our former Cellulose Fibers segment as discontinued operations, Unallocated items also includes retained indirect corporate overhead costs previously allocated to the former segment.
Reconciliation of Assets from Segment to Consolidated
A reconciliation of our business segment total assets to total assets in the Consolidated Balance Sheet is as follows:
DOLLAR AMOUNTS IN MILLIONS
SEPTEMBER 30,
2016
 
DECEMBER 31,
2015
Total Assets:
 
 
 
Timberlands and Real Estate & ENR(1)
$
15,810

 
$
7,260

Wood Products
1,846

 
1,541

Unallocated items
1,638

 
1,985

Discontinued operations
1,652

 
1,934

Total
$
20,946

 
$
12,720


(1)
Assets attributable to the Real Estate & ENR business segment are combined with total assets for the Timberlands segment because we do not produce separate balance sheets internally.