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LINES OF CREDIT
12 Months Ended
Dec. 31, 2013
Line of Credit Facility [Line Items]  
LINES OF CREDIT
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 September 2013, we entered into a new $1 billion 5-year senior unsecured revolving credit facility that expires in September 2018. This replaces a $1 billion revolving credit facility that was set to expire June 2015. 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, 2013, there were no borrowings outstanding under the facility and 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
  
DECEMBER 31,
2013

DECEMBER 31,
2012

Letters of credit
$
39

$
53

Surety bonds
$
414

$
418


Our compensating balance requirements for our letters of credit were $11 million as of December 31, 2013.