CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2016

Condensed Income Statement [Table Text Block]

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS – QUARTER

	QUARTER ENDED JUNE 30, 2016
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY			Subsidiary Issuer – PC Timberlands			Non-Issuer and Non-Guarantor Subsidiaries			Eliminations			Total Company
Net sales	$	186		$	55		$	1,618		$	(204	)	$	1,655
Costs of products sold	68			37			1,360			(207		)	1,258
Gross margin	118			18			258			3			397
Other operating expenses, net	12			14			113			—			139
Operating income	106			4			145			3			258
Non-operating expense, net	(23		)	(9		)	(65		)	—			(97		)
Earnings (loss) from continuing operations before income taxes	83			(5		)	80			3			161
Income taxes	—			—			(31		)	—			(31		)
Earnings (loss) from continuing operations	83			(5		)	49			3			130
Earnings from discontinued operations, net of income taxes	—			—			38			—			38
Net earnings (loss)	83			(5		)	87			3			168
Dividends on preference shares	(11		)	—			—			—			(11		)
Net earnings (loss) attributable to Weyerhaeuser common shareholders	$	72		$	(5	)	$	87		$	3		$	157

	QUARTER ENDED JUNE 30, 2015
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY			Subsidiary Issuer – PC Timberlands*		Non-Issuer and Non-Guarantor Subsidiaries			Eliminations			Total Company
Net sales	$	181		$	—	$	1,327		$	(163	)	$	1,345
Costs of products sold	55			—		1,170			(168		)	1,057
Gross margin	126			—		157			5			288
Other operating expenses, net	17			—		71			—			88
Operating income	109			—		86			5			200
Non-operating expense, net	(13		)	—		(63		)	—			(76		)
Earnings from continuing operations before income taxes	96			—		23			5			124
Income taxes	—			—		1			—			1
Earnings from continuing operations	96			—		24			5			125
Earnings from discontinued operations, net of income taxes	—			—		19			—			19
Net earnings	96			—		43			5			144
Dividends on preference shares	(11		)	—		—			—			(11		)
Net earnings attributable to Weyerhaeuser common shareholders	$	85		$	—	$	43		$	5		$	133

* The Subsidiary Issuer – PC Timberlands – was acquired February 19, 2016, and there were no guarantees by Parent Company prior to that date. As such, information is included for this entity beginning on the acquisition date.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS – YEAR-TO-DATE

	YEAR-TO-DATE ENDED JUNE 30, 2016
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY			Subsidiary Issuer – PC Timberlands*			Non-Issuer and Non-Guarantor Subsidiaries			Eliminations			Total Company
Net sales	$	372		$	82		$	2,996		$	(390	)	$	3,060
Costs of products sold	125			61			2,551			(390		)	2,347
Gross margin	247			21			445			—			713
Other operating expenses, net	93			36			173			—			302
Operating income (loss)	154			(15		)	272			—			411
Non-operating expense, net	(35		)	(15		)	(128		)	—			(178		)
Earnings (loss) from continuing operations before income taxes	119			(30		)	144			—			233
Income taxes	—			—			(42		)	—			(42		)
Earnings (loss) from continuing operations	119			(30		)	102			—			191
Earnings from discontinued operations, net of income taxes	—			—			58			—			58
Net earnings (loss)	119			(30		)	160			—			249
Dividends on preference shares	(22		)	—			—			—			(22		)
Net earnings (loss) attributable to Weyerhaeuser common shareholders	$	97		$	(30	)	$	160		$	—		$	227

	YEAR-TO-DATE ENDED JUNE 30, 2015
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY			Subsidiary Issuer – PC Timberlands*		Non-Issuer and Non-Guarantor Subsidiaries			Eliminations			Total Company
Net sales	$	379		$	—	$	2,579		$	(333	)	$	2,625
Costs of products sold	116			—		2,273			(339		)	2,050
Gross margin	263			—		306			6			575
Other operating expenses, net	36			—		189			—			225
Operating income	227			—		117			6			350
Non-operating expense, net	(19		)	—		(130		)	—			(149		)
Earnings (loss) from continuing operations before income taxes	208			—		(13		)	6			201
Income taxes	—			—		(8		)	—			(8		)
Earnings (loss) from continuing operations	208			—		(21		)	6			193
Earnings from discontinued operations, net of income taxes	—			—		52			—			52
Net earnings	208			—		31			6			245
Dividends on preference shares	(22		)	—		—			—			(22		)
Net earnings attributable to Weyerhaeuser common shareholders	$	186		$	—	$	31		$	6		$	223

* The Subsidiary Issuer – PC Timberlands – was acquired February 19, 2016, and there were no guarantees by Parent Company prior to that date. As such, information is included for this entity beginning on the acquisition date.

Condensed Statement of Comprehensive Income [Table Text Block]

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) – QUARTER

	QUARTER ENDED JUNE 30, 2016
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY		Subsidiary Issuer – PC Timberlands			Non-Issuer and Non-Guarantor Subsidiaries			Eliminations		Total Company
Net earnings (loss)	$	83	$	(5	)	$	87		$	3	$	168
Other comprehensive income:
Foreign currency translation adjustments	—		—			(2		)	—		(2		)
Actuarial gains, net of tax expense	1		—			30			—		31
Prior service costs, net of tax expense	—		—			—			—		—
Unrealized gains on available-for-sale securities	—		1			—			—		1
Total other comprehensive income	1		1			28			—		30
Comprehensive income (loss)	$	84	$	(4	)	$	115		$	3	$	198

	QUARTER ENDED JUNE 30, 2015
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY			Subsidiary Issuer – PC Timberlands*		Non-Issuer and Non-Guarantor Subsidiaries		Eliminations		Total Company
Net earnings	$	96		$	—	$	43	$	5	$	144
Other comprehensive income:
Foreign currency translation adjustments	—			—		12		—		12
Actuarial gains (losses), net of tax expense	(1		)	—		45		—		44
Prior service costs (credits), net of tax expense	(1		)	—		1		—		—
Unrealized gains on available-for-sale securities	—			—		—		—		—
Total other comprehensive income (loss)	(2		)	—		58		—		56
Comprehensive income	$	94		$	—	$	101	$	5	$	200

* The Subsidiary Issuer – PC Timberlands – was acquired February 19, 2016, and there were no guarantees by Parent Company prior to that date. As such, information is included for this entity beginning on the acquisition date.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) – YEAR-TO-DATE

	YEAR-TO-DATE ENDED JUNE 30, 2016
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY		Subsidiary Issuer – PC Timberlands*			Non-Issuer and Non-Guarantor Subsidiaries			Eliminations		Total Company
Net earnings (loss)	$	119	$	(30	)	$	160		$	—	$	249
Other comprehensive income:
Foreign currency translation adjustments	—		—			39			—		39
Actuarial gains, net of tax expense	3		—			38			—		41
Prior service credits, net of tax expense	—		—			(2		)	—		(2		)
Unrealized gains on available-for-sale securities	—		1			—			—		1
Total other comprehensive income	3		1			75			—		79
Comprehensive income (loss)	$	122	$	(29	)	$	235		$	—	$	328

	YEAR-TO-DATE ENDED JUNE 30, 2015
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY			Subsidiary Issuer – PC Timberlands*		Non-Issuer and Non-Guarantor Subsidiaries			Eliminations		Total Company
Net earnings	$	208		$	—	$	31		$	6	$	245
Other comprehensive income:
Foreign currency translation adjustments	—			—		(35		)	—		(35		)
Actuarial gains, net of tax expense	4			—		102			—		106
Prior service credits, net of tax expense	(1		)	—		(1		)	—		(2		)
Unrealized gains on available-for-sale securities	—			—		1			—		1
Total other comprehensive income	3			—		67			—		70
Comprehensive income	$	211		$	—	$	98		$	6	$	315

* The Subsidiary Issuer – PC Timberlands – was acquired February 19, 2016, and there were no guarantees by Parent Company prior to that date. As such, information is included for this entity beginning on the acquisition date.

Condensed Balance Sheet [Table Text Block]

CONDENSED CONSOLIDATING BALANCE SHEET

	JUNE 30, 2016
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY		Subsidiary Issuer – PC Timberlands		Non-Issuer and Non-Guarantor Subsidiaries		Eliminations			Total Company
Cash and cash equivalents	$	69	$	20	$	396	$	—		$	485
Other current assets	73		7		863		(8		)	935
Assets of discontinued operations	—		—		1,908		—			1,908
Total current assets	142		27		3,167		(8		)	3,328
Property and equipment, net	165		89		1,208		—			1,462
Timber and timberlands at cost, net	3,454		5,813		5,228		(21		)	14,474
Investments in and advances to subsidiaries	11,875		4,565		630		(17,070		)	—
Other assets	96		139		3,125		(635		)	2,725
Total assets	$	15,732	$	10,633	$	13,358	$	(17,734	)	$	21,989
Current liabilities	$	174	$	83	$	639	$	(5	)	$	891
Liabilities of discontinued operations	—		—		666		—			666
Total current liabilities	174		83		1,305		(5		)	1,557
Note payable to Timberland Venture	—		—		830		—			830
Long-term debt	3,935		935		3,743		(600		)	8,013
Other long-term liabilities	87		498		1,574		—			2,159
Total liabilities	4,196		1,516		7,452		(605		)	12,559
Equity:
Mandatory convertible preference shares	14		—		—		—			14
Common shares	916		—		—		—			916
Other equity	10,606		9,117		5,906		(17,129		)	8,500
Total equity	11,536		9,117		5,906		(17,129		)	9,430
Total liabilities and equity	$	15,732	$	10,633	$	13,358	$	(17,734	)	$	21,989

CONDENSED CONSOLIDATING BALANCE SHEET (continued)

	DECEMBER 31, 2015
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY		Subsidiary Issuer – PC Timberlands*		Non-Issuer and Non-Guarantor Subsidiaries		Eliminations			Total Company
Cash and cash equivalents	$	673	$	—	$	338	$	—		$	1,011
Other current assets	7		—		693		(6		)	694
Assets of discontinued operations	—		—		1,934		—			1,934
Total current assets	680		—		2,965		(6		)	3,639
Property and equipment, net	167		—		1,066		—			1,233
Timber and timberlands at cost, net	3,538		—		2,964		(23		)	6,479
Investments in and advances to subsidiaries	2,948		—		—		(2,948		)	—
Other assets	88		—		1,916		(635		)	1,369
Total assets	$	7,421	$	—	$	8,911	$	(3,612	)	$	12,720
Current liabilities	$	66	$	—	$	574	$	(5	)	$	635
Liabilities of discontinued operations	—		—		690		—			690
Total current liabilities	66		—		1,264		(5		)	1,325
Long-term debt	1,645		—		3,742		(600		)	4,787
Other long-term liabilities	91		—		1,648		—			1,739
Total liabilities	1,802		—		6,654		(605		)	7,851
Equity:
Mandatory convertible preference shares	14		—		—		—			14
Common shares	638		—		—		—			638
Other equity	4,967		—		2,257		(3,007		)	4,217
Total equity	5,619		—		2,257		(3,007		)	4,869
Total liabilities and equity	$	7,421	$	—	$	8,911	$	(3,612	)	$	12,720

* The Subsidiary Issuer – PC Timberlands – was acquired February 19, 2016, and there were no guarantees by Parent Company prior to that date. As such, information is included for this entity beginning on the acquisition date.

Condensed Cash Flow Statement [Table Text Block]

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	YEAR-TO-DATE ENDED JUNE 30, 2016
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY			Subsidiary Issuer – PC Timberlands*			Non-Issuer and Non-Guarantor Subsidiaries			Eliminations			Total Company
Net cash from (used in) operations	$	40		$	38		$	461		$	—		$	539
Net cash from (used in) investing activities:
Capital expenditures	$	(25	)	$	(9	)	$	(140	)	$	—		$	(174	)
Acquisition of timberlands	(1		)	—			(7		)	—			(8		)
Proceeds from sale of assets	—			—			83			—			83
Proceeds from contribution of timberlands to related party	—			440			—			—			440
Distributions from joint ventures	—			—			27			—			27
Cash acquired in merger with Plum Creek	—			5			4			—			9
Distribution from subsidiaries	812			—			—			(812		)	—
Other	—			(3		)	—			—			(3		)
Net cash from (used in) investing activities	$	786		$	433		$	(33	)	$	(812	)	$	374
Net cash from (used in) financing activities:
Net proceeds from issuance of debt	$	1,398		$	—		$	—		$	—		$	1,398
Payments on debt	(720		)	—			(3		)	—			(723		)
Cash dividends on common shares	(469		)	—			—			—			(469		)
Cash dividends on preference shares	(11		)	—			—			—			(11		)
Repurchase of common stock	(1,629		)	—			—			—			(1,629		)
Distribution to parent	—			(451		)	(361		)	812			—
Other	1			—			—			—			1
Net cash used in financing activities	$	(1,430	)	$	(451	)	$	(364	)	$	812		$	(1,433	)

	YEAR-TO-DATE ENDED JUNE 30, 2015
DOLLAR AMOUNTS IN MILLIONS	Parent Company – WY			Subsidiary Issuer – PC Timberlands*		Non-Issuer and Non-Guarantor Subsidiaries			Eliminations			Total Company
Net cash from (used in) operations	$	(4	)	$	—	$	458		$	—		$	454
Net cash from (used in) investing activities:
Capital expenditures	$	(30	)	$	—	$	(167	)	$	—		$	(197	)
Acquisitions of timberlands	(26		)	—		(6		)	—			(32		)
Proceeds from sale of assets	—			—		6			—			6
Issuance of note to parent	—			—		(600		)	600			—
Distribution from subsidiaries	292			—		—			(292		)	—
Other	12			—		—			—			12
Net cash from (used in) investing activities	$	248		$	—	$	(767	)	$	308		$	(211	)
Net cash from (used in) financing activities:
Proceeds from note from subsidiary	$	600		$	—	$	—		$	(600	)	$	—
Cash dividends on common shares	(301		)	—		—			—			(301		)
Cash dividends on preferred shares	(11		)	—		—			—			(11		)
Repurchase of common stock	(407		)	—		—			—			(407		)
Distribution to parent	—			—		(292		)	292			—
Other	17			—		—			—			17
Net cash from (used in) financing activities	$	(102	)	$	—	$	(292	)	$	(308	)	$	(702	)

* The Subsidiary Issuer – PC Timberlands – was acquired February 19, 2016, and there were no guarantees by Parent Company prior to that date. As such, information is included for this entity beginning on the acquisition date.