EX-12 2 dex12.htm STATEMENTS REGARDING COMPUTATION OF RATIOS Statements regarding computation of ratios

EXHIBIT 12

Weyerhaeuser Company and Subsidiaries

Computation of Ratios of Earnings to Fixed Charges

For the twenty-six week periods ended July 1, 2007 and June 25, 2006

(Dollar amounts in millions)

 

     TWENTY-SIX WEEKS ENDED  
    

JULY 1,

2007

   

JUNE 25,

2006

 

Available earnings:

    

Earnings from continuing operations before interest expense, amortization of debt expense and income taxes

   $ 307     $ 920  

Add: interest portion of rental expense

     30       31  

Deduct: undistributed earnings of equity affiliates

     (23 )     (35 )
                

Available earnings

   $ 314     $ 916  
                

Fixed charges:

    

Interest expense incurred:

    

Weyerhaeuser Company and subsidiaries, excluding Weyerhaeuser Real Estate Company and other related subsidiaries

     283       230  

Weyerhaeuser Real Estate Company and other related subsidiaries

     31       32  
                

Subtotal

     314       262  

Less: intercompany interest

     (1 )     (2 )
                

Total interest expense incurred

     313       260  

Amortization of debt expense

     5       5  

Interest portion of rental expense

     30       31  
                

Total fixed charges

   $ 348     $ 296  
                

Ratio of earnings to fixed charges

     —         3.09  
                

Coverage deficiency

   $ (34 )   $ —    
                

 


Weyerhaeuser Company with its Weyerhaeuser Real Estate Company and Other Related Subsidiaries

Accounted for on the Equity Method, but Excluding the Undistributed Earnings of Those Subsidiaries

Computation of Ratios of Earnings to Fixed Charges

For the twenty-six week periods ended July 1, 2007 and June 25, 2006

(Dollar amounts in millions)

 

     TWENTY-SIX WEEKS ENDED  
    

JULY 1,

2007

   

JUNE 25,

2006

 

Available earnings:

    

Earnings from continuing operations before interest expense, amortization of debt expense and income taxes

   $ 288     $ 894  

Add: interest portion of rental expense

     26       28  

Deduct: undistributed earnings of equity affiliates

     2       (7 )

Deduct: undistributed earnings before income taxes of Weyerhaeuser Real Estate Company and other related subsidiaries

     (122 )     (295 )
                

Available earnings

   $ 194     $ 620  
                

Fixed charges:

    

Interest expense incurred

     283       230  

Amortization of debt expense

     5       5  

Interest portion of rental expense

     26       28  
                

Total fixed charges

   $ 314     $ 263  
                

Ratio of earnings to fixed charges

     —         2.36  
                

Coverage deficiency

   $ (120 )   $ —