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SELECTED QUARTERLY FINANCIAL INFORMATION (unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
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(1)

FULL YEAR

2016:
 
 
 
 
 
Net sales
$
1,405

$
1,655

$
1,709

$
1,596

$
6,365

Operating income from continuing operations
$
153

$
258

$
274

$
185

$
870

Earnings from continuing operations before income taxes
$
72

$
161

$
184

$
87

$
504

Net earnings
$
81

$
168

$
227

$
551

$
1,027

Net earnings attributable to Weyerhaeuser common shareholders
$
70

$
157

$
227

$
551

$
1,005

Basic net earnings per share attributable to Weyerhaeuser common shareholders
$
0.11

$
0.21

$
0.30

$
0.74

$
1.40

Diluted net earnings per share attributable to Weyerhaeuser common shareholders
$
0.11

$
0.21

$
0.30

$
0.73

$
1.39

Dividends paid per share
$
0.31

$
0.31

$
0.31

$
0.31

$
1.24

Market prices - high/low
$31.38 - $22.06

$32.56 - $26.55

$33.17 - $29.52

$33.28 - $28.58

$33.28 - $22.06

2015:
 
 
 
 
 
Net sales
$
1,280

$
1,345

$
1,355

$
1,266

$
5,246

Operating income from continuing operations
$
150

$
200

$
166

$
142

$
658

Earnings from continuing operations before income taxes
$
77

$
124

$
88

$
64

$
353

Net earnings
$
101

$
144

$
191

$
70

$
506

Net earnings attributable to Weyerhaeuser common shareholders
$
90

$
133

$
180

$
59

$
462

Basic net earnings per share attributable to Weyerhaeuser common shareholders
$
0.17

$
0.26

$
0.35

$
0.11

$
0.89

Diluted net earnings per share attributable to Weyerhaeuser common shareholders
$
0.17

$
0.26

$
0.35

$
0.11

$
0.89

Dividends paid per share
$
0.29

$
0.29

$
0.31

$
0.31

$
1.20

Market prices - high/low
$37.04 - $32.74

$33.19 - $31.06

$32.34 - $26.76

$32.72 - $26.73

$37.04 - $26.73

(1) Third and fourth quarter 2016 include a gain on our Cellulose Fibers divestitures. Refer to Note 3: Discontinued Operations for further information.