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SELECTED QUARTERLY FINANCIAL INFORMATION (unaudited)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL INFORMATION (unaudited)
SELECTED QUARTERLY FINANCIAL INFORMATION (unaudited)
Quarterly financial data provides a review of our results and performance throughout the year. Our earnings per share for the full year do not always equal the sum of the four quarterly earnings-per share amounts because of common share activity during the year.
Key Quarterly Financial Data for the Last Two Years
DOLLAR AMOUNTS IN MILLIONS EXCEPT PER-SHARE FIGURES
  
First
Quarter
Second
Quarter
Third
Quarter(1)
Fourth
Quarter(2)
Full Year
2014:
 
 
 
 
 
Net sales
$
1,736

$
1,964

$
1,915

$
1,788

$
7,403

Operating income
$
308

$
400

$
318

$
294

$
1,320

Earnings from continuing operations before income taxes
$
234

$
328

$
237

$
214

$
1,013

Net earnings
$
194

$
291

$
1,164

$
177

$
1,826

Net earnings attributable to Weyerhaeuser common shareholders
$
183

$
280

$
1,153

$
166

$
1,782

Basic net earnings per share attributable to Weyerhaeuser common shareholders
$
0.31

$
0.48

$
2.17

$
0.32

$
3.20

Diluted net earnings per share attributable to Weyerhaeuser common shareholders
$
0.31

$
0.47

$
2.15

$
0.31

$
3.18

Dividends paid per share
$
0.22

$
0.22

$
0.29

$
0.29

$
1.02

Market prices - high/low
$31.59 - $28.63

$33.26 - $27.48

$34.60 - $31.09

$36.88 - $31.61

$36.88 - $27.48

2013:
 
 
 
 
 
Net sales
$
1,755

$
1,874

$
1,857

$
1,768

$
7,254

Operating income (loss)
$
253

$
293

$
243

$
(155
)
$
634

Earnings (loss) from continuing operations before income taxes
$
181

$
221

$
170

$
(252
)
$
320

Net earnings
$
144

$
198

$
167

$
54

$
563

Net earnings attributable to Weyerhaeuser common shareholders
$
144

$
196

$
157

$
43

$
540

Basic net earnings per share attributable to Weyerhaeuser common shareholders
$
0.26

$
0.35

$
0.27

$
0.07

$
0.95

Diluted net earnings per share attributable to Weyerhaeuser common shareholders
$
0.26

$
0.35

$
0.27

$
0.07

$
0.95

Dividends paid per share
$
0.17

$
0.20

$
0.22

$
0.22

$
0.81

Market prices - high/low
$31.74 - $28.36

$33.24 - $26.38

$29.86 - $26.64

$32.00 - $28.01

$33.24 - $26.38

(1) Third Quarter 2014 includes a $972 million net gain on the Real Estate Divestiture recognized in 2014. See Note 3: Discontinued Operations for more information.
(2) Fourth Quarter 2013 includes a $356 million noncash impairment charge. See Note 18: Charges for Restructuring, Closures and Asset Impairments for more information.