SELECTED QUARTERLY FINANCIAL INFORMATION (unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

SELECTED QUARTERLY FINANCIAL INFORMATION (unaudited)

NOTE 23: SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Quarterly financial data provides a review of our results and performance throughout the year. Our earnings (loss) per share for the full year does not always equal the sum of the four quarterly earnings (loss) per share amounts because of common share activity during the year. As the company’s common shares are traded on the New York Stock Exchange (NYSE), market price information, such as the high and low trading prices for our common shares can be found under the symbol WY.

Key Quarterly Financial Data

DOLLAR AMOUNTS IN MILLIONS, EXCEPT PER-SHARE FIGURES
	FIRST QUARTER			SECOND QUARTER		THIRD QUARTER		FOURTH QUARTER			FULL YEAR
2019:
Net sales	$	1,643		$	1,692	$	1,671	$	1,548		$	6,554
Operating income	$	174		$	186	$	202	$	89		$	651
Earnings (loss) before income taxes	$	(393	)	$	91	$	102	$	(13	)	$	(213	)
Net earnings (loss)	$	(289	)	$	128	$	99	$	(14	)	$	(76	)
Basic and diluted net earnings (loss) per share	$	(0.39	)	$	0.17	$	0.13	$	(0.02	)	$	(0.10	)
Dividends paid per share	$	0.34		$	0.34	$	0.34	$	0.34		$	1.36
2018:
Net sales	$	1,865		$	2,065	$	1,910	$	1,636		$	7,476
Operating income	$	404		$	476	$	337	$	177		$	1,394
Earnings (loss) before income taxes	$	299		$	382	$	240	$	(114	)	$	807
Net earnings (loss)	$	269		$	317	$	255	$	(93	)	$	748
Basic and diluted net earnings (loss) per share	$	0.35		$	0.42	$	0.34	$	(0.12	)	$	0.99
Dividends paid per share	$	0.32		$	0.32	$	0.34	$	0.34		$	1.32