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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,164 $ 1,581
Receivables, net 354 357
Receivables for taxes 10 42
Inventories (Note 6) 566 550
Prepaid expenses and other current assets 219 216
Total current assets 2,313 2,746
Property and equipment, net (Note 7) 2,269 2,171
Construction in progress 270 222
Timber and timberlands at cost, less depletion 11,528 11,604
Minerals and mineral rights, less depletion 200 214
Deferred tax assets (Note 19) 15 8
Other assets 388 375
Total assets 16,983 17,340
Current liabilities:    
Current maturities of long-term debt (Notes 11 and 12) 0 982
Accounts payable 287 247
Accrued liabilities (Note 9) 501 511
Total current liabilities 788 1,740
Long-term debt, net (Notes 11 and 12) 5,069 4,071
Deferred tax liabilities (Note 19) 81 96
Deferred pension and other post-employment benefits (Note 8) 461 344
Other liabilities 348 340
Total liabilities 6,747 6,591
Commitments and contingencies (Note 13)
Weyerhaeuser shareholders'interest (Notes 14 and 15)    
Common shares: $1.25 par value; authorized 1,360 million shares; issued and outstanding: 729,753 thousand shares at December 31, 2023 and 732,794 thousand shares at December 31, 2022 912 916
Other capital 7,608 7,691
Retained earnings 2,009 2,389
Accumulated other comprehensive loss (Note 14) (293) (247)
Total equity 10,236 10,749
Total liabilities and equity $ 16,983 $ 17,340