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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Net sales $ 7,196 $ 6,365 $ 5,246
Costs of products sold 5,298 4,980 4,153
Gross margin 1,898 1,385 1,093
Selling expenses 87 89 99
General and administrative expenses 310 338 252
Research and development expenses 14 19 18
Charges for integration and restructuring, closures and asset impairments (Note 17) 194 170 39
Charges for product remediation (Note 18) 290 0 0
Other operating costs (income), net (Note 19) (128) (53) 41
Operating income 1,131 822 644
Equity earnings from joint ventures (Note 8) 1 22 0
Non-Operating pension and other postretirement benefit (costs) credits (62) 48 14
Interest income and other 39 43 36
Interest expense, net of capitalized interest (393) (431) (341)
Earnings from continuing operations before income taxes 716 504 353
Income taxes (Note 20) (134) (89) 58
Earnings from continuing operations 582 415 411
Earnings from discontinued operations, net of income taxes (Note 3) 0 612 95
Net earnings 582 1,027 506
Dividends on preference shares 0 (22) (44)
Net earnings attributable to Weyerhaeuser common shareholders $ 582 $ 1,005 $ 462
Basic earnings per share attributable to Weyerhaeuser common shareholders (Note 5):      
Continuing operations $ 0.77 $ 0.55 $ 0.71
Discontinued operations 0.00 0.85 0.18
Net earnings per share 0.77 1.40 0.89
Diluted earnings per share attributable to Weyerhaeuser common shareholders (Note 5):      
Continuing operations 0.77 0.55 0.71
Discontinued operations 0.00 0.84 0.18
Net earnings per share 0.77 1.39 0.89
Dividends paid per common share $ 1.25 $ 1.24 $ 1.20
Weighted average shares outstanding (in thousands) (Note 5):      
Basic 753,085 718,560 516,371
Diluted 756,666 722,401 519,618