XML 176 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
BUSINESS SEGMENTS
 12 Months Ended
Dec. 31, 2011
BUSINESS SEGMENTS
BUSINESS SEGMENTS
Our business segments and how we account for those segments are discussed in Note 1: Summary of Significant Accounting Policies. This note provides key financial data by business segment.
DISCONTINUED OPERATIONS
We have disposed of various businesses and operations that are excluded in the segment results below. See Note 3: Discontinued Operations for information regarding our discontinued operations and the segments affected.
KEY FINANCIAL DATA BY BUSINESS SEGMENT
Sales, Revenues and Contribution (Charge) to Earnings
DOLLAR AMOUNTS IN MILLIONS
  
TIMBERLANDS

WOOD
PRODUCTS

CELLULOSE
FIBERS

REAL
ESTATE

CORPORATE
AND
OTHER

INTERSEGMENT
ELIMINATIONS

CONSOLIDATED

Sales to and revenues from unaffiliated customers
2011
$
1,044

$
2,276

$
2,058

$
838

$
—

$
—

$
6,216

2010
$
874

$
2,224

$
1,911

$
923

$
22

$
—

$
5,954

2009
$
714

$
1,922

$
1,511

$
904

$
17

$
—

$
5,068

Intersegment sales
2011
$
646

$
80

$
—

$
—

$
—

$
(726
)
$
—

2010
$
603

$
63

$
—

$
—

$
3

$
(669
)
$
—

2009
$
537

$
55

$
—

$
—

$
3

$
(595
)
$
—

Contribution (charge) to earnings from continuing operations
2011
$
485

$
(245
)
$
435

$
58

$
(92
)
$
—

$
641

2010
$
282

$
(318
)
$
412

$
91

$
65

$
—

$
532

2009
$
338

$
(686
)
$
444

$
(299
)
$
(86
)
$
—

$
(289
)

During 2010 we changed the methodology for allocating corporate costs to the business segments. The amounts for previous years were not reclassified. Had 2009 been presented using the same method, net contribution (charge) to earnings would have increased or decreased as follows:
Change in Contribution (Charge) to Earnings Resulting from Change in Allocation of Corporate Costs
DOLLAR AMOUNTS IN MILLIONS
  
TIMBERLANDS

WOOD
PRODUCTS

CELLULOSE
FIBERS

REAL
ESTATE

CORPORATE
AND
OTHER

CONSOLIDATED

Change in contribution (charge) to earnings
2009
$
(16
)
$
(32
)
$
(16
)
$
(3
)
$
67

$
—


Management evaluates segment performance based on the contributions to earnings of the respective segments. An analysis and reconciliation of our business segment information to the consolidated financial statements follows:
Reconciliation of Contribution (Charge) to Earnings to Net Earnings
DOLLAR AMOUNTS IN MILLIONS
 
 
  
  
2011

2010

2009

Net contribution to earnings from continuing operations
$
641

$
532

$
(289
)
Net contribution to earnings from discontinued operations
20

14

(68
)
Total contribution (charge) to earnings
661

546

(357
)
Interest expense, net of capitalized interest
(384
)
(452
)
(462
)
Income (loss) before income taxes (continuing and discontinued operations)
277

94

(819
)
Income taxes (continuing and discontinued operations)
54

1,187

274

Net earnings (loss) attributable to Weyerhaeuser common shareholders
$
331

$
1,281

$
(545
)

 
Additional Financial Information
DOLLAR AMOUNTS IN MILLIONS
  
TIMBERLANDS

WOOD
PRODUCTS

CELLULOSE
FIBERS

REAL
ESTATE

CORPORATE
AND OTHER

CONSOLIDATED

Depreciation, depletion and amortization
2011
$
135

$
144

$
144

$
12

$
41

$
476

2010
$
118

$
170

$
145

$
16

$
46

$
495

2009
$
124

$
190

$
142

$
17

$
56

$
529

Net pension and postretirement cost (credit)(1)
2011
$
7

$
22

$
13

$
4

$
26

$
72

2010
$
6

$
19

$
11

$
3

$
(73
)
$
(34
)
2009
$
—

$
5

$
6

$
(4
)
$
(141
)
$
(134
)
Charges for restructuring, closures and impairments(2)
2011
$
—

$
64

$
1

$
14

$
4

$
83

2010
$
2

$
113

$
—

$
21

$
12

$
148

2009
$
27

$
165

$
3

$
296

$
195

$
686

Equity in income (loss) of equity affiliates and unconsolidated entities
2011
$
—

$
—

$
2

$
2

$
(4
)
$
—

2010
$
—

$
—

$
(6
)
$
12

$
(6
)
$
—

2009
$
—

$
—

$
2

$
8

$
(7
)
$
3

Capital expenditures
2011
$
53

$
35

$
146

$
3

$
1

$
238

2010
$
72

$
31

$
123

$
5

$
1

$
232

2009
$
83

$
53

$
61

$
8

$
13

$
218

Investments in and advances to equity affiliates and unconsolidated entities
2011
$
—

$
—

$
191

$
21

$
1

$
213

2010
$
—

$
—

$
194

$
16

$
—

$
210

2009
$
—

$
—

$
197

$
17

$
—

$
214

Total assets
2011
$
4,689

$
1,170

$
2,377

$
1,917

$
2,445

$
12,598

2010
$
4,731

$
1,453

$
2,365

$
1,953

$
2,927

$
13,429

2009
$
4,712

$
1,724

$
2,255

$
2,002

$
4,557

$
15,250

(1) Net pension and postretirement cost (credit) excludes recognition of curtailments, settlements and special termination benefits due to closures, restructuring or divestitures.
(2)   See Note 18: Charges for Restructuring, Closures and Asset Impairments for more information