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BUSINESS SEGMENTS (Tables)
6 Months Ended
Jun. 30, 2012
Reconciliation of Revenue from Segments to Consolidated
An analysis and reconciliation of our business segment information to the respective information in the Consolidated Financial Statements is as follows:
 
QUARTER ENDED
 
YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS    
JUNE 30,
2012
 
JUNE 30,
2011
 
JUNE 30,
2012
 
JUNE 30,
2011
Sales to and revenues from unaffiliated customers:
 
 
 
 
 
 
 
Timberlands
$
262

 
$
288

 
$
512

 
$
518

Wood Products
776

 
605

 
1,410

 
1,131

Cellulose Fibers
459

 
526

 
932

 
1,032

Real Estate
296

 
191

 
433

 
351

 
1,793

 
1,610

 
3,287

 
3,032

Intersegment sales:
 
 
 
 
 
 
 
Timberlands
146

 
134

 
336

 
325

Wood Products
20

 
21

 
40

 
41

 
166

 
155

 
376

 
366

Total sales and revenues
1,959


1,765

 
3,663

 
3,398

Intersegment eliminations
(166
)
 
(155
)
 
(376
)
 
(366
)
Total
$
1,793

 
$
1,610

 
$
3,287

 
$
3,032

Net contribution to earnings from continuing operations:
 
 
 
 
 
 
 
Timberlands
$
77

 
$
118

 
$
147

 
$
359

Wood Products
36

 
(54
)
 
23

 
(86
)
Cellulose Fibers
36

 
85

 
84

 
177

Real Estate
15

 
8

 
7

 
7

 
164

 
157

 
261

 
457

Unallocated items(1)
23

 
(21
)
 
39

 
(74
)
Net contribution to earnings from discontinued operations

 
(19
)
 

 
(17
)
Net contribution to earnings
187

 
117

 
300

 
366

Interest expense, net of capitalized interest
(86
)
 
(117
)
 
(173
)
 
(210
)
Income before income taxes (continuing and discontinued operations)
101

 

 
127

 
156

Income taxes (continuing and discontinued operations)
(17
)
 
10

 
(2
)
 
(47
)
Net earnings attributable to Weyerhaeuser common shareholders
$
84

 
$
10

 
$
125

 
$
109


(1)
Unallocated items are gains or charges not related to or allocated to an individual operating segment. They include a portion of items such as: share-based compensation; pension and postretirement costs; foreign exchange transaction gains and losses associated with financing; and the elimination of intersegment profit in inventory and the LIFO reserve.