LINES OF CREDIT

This note provides details about our:


•	lines of credit and


•	other letters of credit and surety bonds.

OUR LINES OF CREDIT

During June 2011, we entered into a new $1 billion 4-year revolving credit facility that expires June 2015. This replaces a $1 billion revolving credit facility that was set to expire December 2011. Conditions of the line of credit include the following:


•	The entire amount is available to Weyerhaeuser Company.


•	$50 million of the amount is available to Weyerhaeuser Real Estate Company (WRECO).


•	Neither Weyerhaeuser Company nor WRECO is a guarantor of the borrowing of the other.

Borrowings are at LIBOR plus a spread or at other interest rates mutually agreed upon between the borrower and the lending banks. As of December 31, 2011, there were no borrowings outstanding under the facility.

As of December 31, 2011, Weyerhaeuser Company and WRECO were in compliance with the credit facility covenants.

OTHER LETTERS OF CREDIT AND SURETY BONDS

The amounts of other letters of credit and surety bonds we have entered into as of the end of our last two years are included in the following table:



DOLLAR AMOUNTS IN MILLIONS
	FOREST PRODUCTS				REAL ESTATE
	DECEMBER 31, 2011		DECEMBER 31, 2010		DECEMBER 31, 2011		DECEMBER 31, 2010
Letters of credit	$	44	$	29	$	11	$	11
Surety bonds	$	166	$	166	$	264	$	297

Our compensating balance requirements for our letters of credit were $40 million as of December 31, 2011.