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BUSINESS SEGMENTS (Tables)
 3 Months Ended
Mar. 31, 2017
Reconciliation of Revenue from Segments to Consolidated
An analysis and reconciliation of our business segment information to the respective information in the Consolidated Statements of Operations is as follows:
 
QUARTER ENDED
DOLLAR AMOUNTS IN MILLIONS
MARCH 2017
 
MARCH 2016
Sales to unaffiliated customers:
 
 
 
Timberlands
$
486

 
$
387

Real Estate & ENR
53

 
39

Wood Products
1,154

 
979

 
1,693

 
1,405

Intersegment sales:
 
 
 
Timberlands
202

 
222

Wood Products
—

 
22

 
202

 
244

Total sales
1,895

 
1,649

Intersegment eliminations
(202
)
 
(244
)
Total
$
1,693

 
$
1,405

Net contribution to earnings:
 
 
 
Timberlands
$
148

 
$
129

Real Estate & ENR(1)
26

 
15

Wood Products
172

 
87

 
346

 
231

Unallocated items(2)
(66
)
 
(64
)
Net contribution to earnings
280

 
167

Interest expense, net of capitalized interest
(99
)
 
(95
)
Earnings from continuing operations before income taxes
181

 
72

Income taxes
(24
)
 
(11
)
Earnings from continuing operations
157

 
61

Earnings from discontinued operations, net of income taxes
—

 
20

Net earnings
157

 
81

Dividends on preference shares
—

 
(11
)
Net earnings attributable to Weyerhaeuser common shareholders
$
157

 
$
70



(1)
The Real Estate & ENR segment includes the equity earnings from, investments in and advances to our Real Estate Development Ventures (as defined and described in Note 7: Related Parties), which are accounted for under the equity method.
(2)
Unallocated items are gains or charges not related to or allocated to an individual operating segment. They include a portion of items such as: share-based compensation, pension and postretirement costs, foreign exchange transaction gains and losses associated with financing, the elimination of intersegment profit in inventory and the LIFO reserve. As a result of reclassifying our former Cellulose Fibers segment as discontinued operations, Unallocated items also includes retained indirect corporate overhead costs previously allocated to the former segment. Additionally, amounts shown for 2016 include equity earnings from our former Timberland Venture. As of August 31, 2016, the Timberland Venture became a fully consolidated, wholly-owned subsidiary and therefore eliminated our equity method investment at that time.