XML 41 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales and revenues $ 1,772 $ 1,569 $ 5,059 $ 4,601
Cost of products sold 1,424 1,283 4,230 3,803
Gross margin 348 286 829 798
Selling, general and administrative expenses 156 135 448 452
Research and development expenses 8 7 23 21
Charges for restructuring, closures and impairments (Note 6) 10 41 26 52
Other operating costs (income), net (Note 7) (28) 3 (147) (190)
Operating income 202 100 479 463
Interest income and other 15 15 38 35
Interest expense, net of capitalized interest (87) (86) (260) (296)
Earnings from continuing operations before income taxes 130 29 257 202
Income taxes (Note 15) (13) 104 (15) 52
Earnings from continuing operations 117 133 242 254
Earnings from discontinued operations, net of income taxes (Note 4) 0 24 0 12
Net earnings attributable to Weyerhaeuser common shareholders $ 117 $ 157 $ 242 $ 266
Earnings per share attributable to Weyerhaeuser common shareholders, basic and diluted (Note 3):        
Continuing operations $ 0.22 $ 0.25 $ 0.45 $ 0.47
Discontinued operations $ 0.00 $ 0.04 $ 0.00 $ 0.02
Net earnings per share $ 0.22 $ 0.29 $ 0.45 $ 0.49
Dividends paid per share $ 0.15 $ 0.15 $ 0.45 $ 0.45
Weighted average shares outstanding (in thousands) (Note 3):        
Basic 539,094 537,969 538,146 537,906
Diluted 542,311 539,827 540,694 540,469