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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jul. 02, 2011
Jul. 03, 2010
Jul. 02, 2011
Jul. 03, 2010
CONSOLIDATED STATEMENTS OF INCOME [Abstract]        
NET REVENUES $ 1,016 $ 976 $ 2,011 $ 1,881
COSTS AND EXPENSES        
Cost of Sales (885) (853) (1,745) (1,678)
Selling (28) (28) (58) (55)
General and administrative (51) (45) (100) (84)
Other operating income (expense) (7) (1) (16) (2)
Total cost and expenses (971) (927) (1,919) (1,819)
OPERATING INCOME 45 49 92 62
Other non-operating income (expense) 0 0 (4) 0
Interest income on financial assets of special purpose entities 0 1 0 2
Interest expense on nonrecourse financial liabilities of special purpose entities (4) (5) (9) (9)
Interest expense on debt (11) (13) (23) (26)
INCOME BEFORE TAXES 30 32 56 29
Income tax expense (11) (12) (22) (14)
NET INCOME 19 20 34 15
Net (income) loss attributable to noncontrolling interest of special purpose entities 0 0 1 1
NET INCOME ATTRIBUTABLE TO TEMPLE-INLAND INC $ 19 $ 20 $ 35 $ 16
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic 108.6 107.9 108.5 107.8
Diluted 110.8 109.7 110.6 109.5
EARNINGS PER SHARE        
Basic $ 0.18 $ 0.19 $ 0.33 $ 0.15
Diluted $ 0.17 $ 0.18 $ 0.32 $ 0.15
DIVIDENDS PER SHARE $ 0.13 $ 0.11 $ 0.26 $ 0.22