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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net sales $ 6,365 $ 5,246 $ 5,489
Costs of products sold 4,926 4,121 4,183
Gross margin 1,439 1,125 1,306
Selling expenses 89 99 97
General and administrative expenses 332 259 306
Research and development expenses 19 18 20
Charges for integration and restructuring, closures and asset impairments (Note 17) 170 39 44
Other operating costs (income), net (Note 18) (41) 52 (148)
Operating income 870 658 987
Equity earnings from joint ventures (Note 8) 22 0 0
Interest income and other 43 36 38
Interest expense, net of capitalized interest (431) (341) (338)
Earnings from continuing operations before income taxes 504 353 687
Income taxes (Note 19) (89) 58 (71)
Earnings from continuing operations 415 411 616
Earnings from discontinued operations, net of income taxes (Note 3) 612 95 1,210
Net earnings 1,027 506 1,826
Dividends on preference shares (22) (44) (44)
Net earnings attributable to Weyerhaeuser common shareholders $ 1,005 $ 462 $ 1,782
Basic earnings per share attributable to Weyerhaeuser common shareholders (Note 5):      
Continuing operations $ 0.55 $ 0.71 $ 1.03
Discontinued operations 0.85 0.18 2.17
Net earnings per share 1.40 0.89 3.20
Diluted earnings per share attributable to Weyerhaeuser common shareholders (Note 5):      
Continuing operations 0.55 0.71 1.02
Discontinued operations 0.84 0.18 2.16
Net earnings per share 1.39 0.89 3.18
Dividends paid per common share $ 1.24 $ 1.20 $ 1.02
Weighted average shares outstanding (in thousands) (Note 5):      
Basic 718,560 516,371 556,705
Diluted 722,401 519,618 560,899