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CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net sales and revenues $ 1,793 $ 1,610 $ 3,287 $ 3,032
Cost of products sold 1,516 1,343 2,806 2,520
Gross margin 277 267 481 512
Selling, general and administrative expenses 142 145 292 317
Research and development expenses 8 7 15 14
Charges for restructuring, closures and impairments 4 7 16 11
Other operating income, net (Note 6) (53) (19) (119) (193)
Operating income 176 127 277 363
Interest income and other 11 9 23 20
Interest expense, net of capitalized interest (86) (117) (173) (210)
Earnings from continuing operations before income taxes 101 19 127 173
Income taxes (Note 13) (17) 4 (2) (52)
Earnings from continuing operations 84 23 125 121
Loss from discontinued operations, net of income taxes (Note 4) 0 (13) 0 (12)
Net earnings attributable to Weyerhaeuser common shareholders $ 84 $ 10 $ 125 $ 109
Earnings (loss) per share attributable to Weyerhaeuser common shareholders, basic and diluted (Note 3):        
Continuing operations $ 0.16 $ 0.04 $ 0.23 $ 0.22
Discontinued operations $ 0.00 $ (0.02) $ 0.00 $ (0.02)
Net earnings per share $ 0.16 $ 0.02 $ 0.23 $ 0.20
Dividends paid per share $ 0.15 $ 0.15 $ 0.30 $ 0.30
Weighted average shares outstanding (in thousands) (Note 3):        
Basic 537,966 538,599 537,667 537,873
Diluted 540,033 541,095 539,880 540,790