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CONSOLIDATED BALANCE SHEET (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 1,620 $ 830
Receivables, less allowances of $3 and $4 583 518
Receivables for taxes 23 101
Inventories (Note 6) 578 542
Prepaid expenses 97 117
Deferred tax assets 111 130
Current assets of discontinued operations (Note 2) 0 88
Total current assets 3,012 2,326
Property and equipment, less accumulated depreciation of $6,408 and $6,327 2,534 2,689
Construction in progress 215 112
Timber and timberlands at cost, less depletion charged to disposals 6,546 6,580
Investments in and advances to equity affiliates 186 190
Goodwill 40 42
Deferred tax assets 0 5
Other assets 292 324
Restricted financial investments held by variable interest entities 615 615
Noncurrent assets of discontinued operations (Note 2) 0 1,694
Total assets 13,440 14,577
Liabilities    
Notes payable 0 2
Accounts payable 351 343
Accrued liabilities (Note 8) 606 629
Current liabilities of discontinued operations (Note 2) 0 154
Total current liabilities 957 1,128
Long-term debt (Note 9) 4,891 4,891
Long-term debt (nonrecourse to the company) held by variable interest entities 511 511
Deferred income taxes 338 285
Deferred pension and other postretirement benefits 569 516
Other liabilities 318 382
Noncurrent liabilities of discontinued operations (Note 2) 0 32
Commitments and contingencies (Note 10)      
Total liabilities 7,584 7,745
Weyerhaeuser shareholders’ interest:    
Mandatory convertible preference shares, series A: $1.00 par value; $50.00 liquidation; authorized 40,000,000 shares; issued and outstanding: 13,800,000 shares 14 14
Common shares: $1.25 par value; authorized 1,360,000,000 shares; issued and outstanding: 525,484,841 and 583,548,428 shares 657 729
Other capital 4,548 6,444
Retained earnings 1,494 294
Cumulative other comprehensive loss (Note 11) (857) (686)
Total Weyerhaeuser shareholders’ interest 5,856 6,795
Noncontrolling interests 0 3
Noncontrolling interests in discontinued operations (Note 2) 0 34
Total equity 5,856 6,832
Total liabilities and equity $ 13,440 $ 14,577