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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net sales $ 7,476 $ 7,196 $ 6,365
Costs of sales 5,592 5,298 4,980
Gross margin 1,884 1,898 1,385
Selling expenses 88 87 89
General and administrative expenses 318 310 338
Research and development expenses 8 14 19
Charges for integration and restructuring, closures and asset impairments (Note 18) 2 194 170
Charges (recoveries) for product remediation, net (Note 19) 0 290 0
Other operating costs (income), net (Note 20) 74 (128) (53)
Operating income 1,394 1,131 822
Non-operating pension and other postretirement benefit (costs) credits (272) (62) 48
Interest income and other 60 40 65
Interest expense, net of capitalized interest (375) (393) (431)
Earnings from continuing operations before income taxes 807 716 504
Income taxes (Note 21) (59) (134) (89)
Earnings from continuing operations 748 582 415
Earnings from discontinued operations, net of income taxes (Note 4) 0 0 612
Net earnings 748 582 1,027
Dividends on preference shares 0 0 (22)
Net earnings attributable to Weyerhaeuser common shareholders $ 748 $ 582 $ 1,005
Basic earnings per share attributable to Weyerhaeuser common shareholders (Note 6):      
Continuing operations   $ 0.77 $ 0.55
Discontinued operations $ 0.00 0.00 0.85
Net earnings per share 0.99 0.77 1.40
Diluted earnings per share attributable to Weyerhaeuser common shareholders (Note 6):      
Continuing operations   0.77 0.55
Discontinued operations 0.00 0.00 0.84
Net earnings per share $ 0.99 $ 0.77 $ 1.39
Weighted average shares outstanding (in thousands) (Note 6):      
Basic 754,556 753,085 718,560
Diluted 756,827 756,666 722,401