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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net sales $ 1,693 $ 1,405
Costs of products sold 1,272 1,103
Gross margin 421 302
Selling expenses 22 23
General and administrative expenses 87 79
Research and development expenses 4 5
Charges for integration and restructuring, closures and asset impairments (Note 15) 13 111
Other operating costs (income), net (Note 16) 2 (55)
Operating income 293 139
Equity earnings from joint ventures (Note 7) 0 5
Non-operating pension and other postretirement benefit (costs) credits (22) 14
Interest income and other 9 9
Interest expense, net of capitalized interest (99) (95)
Earnings from continuing operations before income taxes 181 72
Income taxes (Note 17) (24) (11)
Earnings from continuing operations 157 61
Earnings from discontinued operations, net of income taxes (Note 3) 0 20
Net earnings 157 81
Dividends on preference shares (Note 5) 0 11
Net earnings attributable to Weyerhaeuser common shareholders $ 157 $ 70
Earnings per share attributable to Weyerhaeuser common shareholders, basic and diluted (Note 5):    
Continuing operations $ 0.21 $ 0.08
Discontinued operations 0.00 0.03
Net earnings per share 0.21 0.11
Dividends paid per share $ 0.31 $ 0.31
Weighted average shares outstanding (in thousands) (Note 5):    
Basic 750,665 632,004
Diluted 754,747 634,872