2011 Q2 Form 10-Q Financial Statement

#000010653511000016 Filed on August 05, 2011

View on sec.gov

Income Statement

Concept 2011 Q2 2010 Q2
Revenue $1.610B $1.641B
YoY Change -1.89% 17.97%
Cost Of Revenue $1.343B $1.314B
YoY Change 2.21% 18.7%
Gross Profit $267.0M $327.0M
YoY Change -18.35% 15.14%
Gross Profit Margin 16.58% 19.93%
Selling, General & Admin $145.0M $162.0M
YoY Change -10.49% 5.88%
% of Gross Profit 54.31% 49.54%
Research & Development $7.000M $8.000M
YoY Change -12.5% -46.67%
% of Gross Profit 2.62% 2.45%
Depreciation & Amortization $120.0M $126.0M
YoY Change -4.76% -2.33%
% of Gross Profit 44.94% 38.53%
Operating Expenses $152.0M $170.0M
YoY Change -10.59% -38.85%
Operating Profit $127.0M $155.0M
YoY Change -18.06% 2483.33%
Interest Expense $117.0M $155.0M
YoY Change -24.52% -362.71%
% of Operating Profit 92.13% 100.0%
Other Income/Expense, Net
YoY Change
Pretax Income $19.00M $12.00M
YoY Change 58.33% -108.11%
Income Tax -$4.000M $4.000M
% Of Pretax Income -21.05% 33.33%
Net Earnings $10.00M $14.00M
YoY Change -28.57% -113.21%
Net Earnings / Revenue 0.62% 0.85%
Basic Earnings Per Share $0.02 $0.07
Diluted Earnings Per Share $0.02 $0.07
COMMON SHARES
Basic Shares Outstanding 538.6M shares 211.6M shares
Diluted Shares Outstanding 541.1M shares 212.1M shares

Balance Sheet

Concept 2011 Q2 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $877.0M $1.842B
YoY Change -52.39% 2.05%
Cash & Equivalents $881.0M $1.846B
Short-Term Investments $3.000M
Other Short-Term Assets $282.0M $227.0M
YoY Change 24.23% -6.58%
Inventory $513.0M $472.0M
Prepaid Expenses
Receivables $533.0M $481.0M
Other Receivables $0.00 $51.00M
Total Short-Term Assets $2.205B $3.073B
YoY Change -28.25% -14.66%
LONG-TERM ASSETS
Property, Plant & Equipment $7.207B $7.522B
YoY Change -4.19% -6.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $206.0M $210.0M
YoY Change -1.9% -2.78%
Other Assets $3.345B $3.821B
YoY Change -12.46% -2.3%
Total Long-Term Assets $10.83B $11.64B
YoY Change -6.88% -4.95%
TOTAL ASSETS
Total Short-Term Assets $2.205B $3.073B
Total Long-Term Assets $10.83B $11.64B
Total Assets $13.04B $14.71B
YoY Change -11.35% -7.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $326.0M $322.0M
YoY Change 1.24% 2.55%
Accrued Expenses $623.0M $635.0M
YoY Change -1.89% -21.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $4.000M
YoY Change -100.0% -98.97%
Total Short-Term Liabilities $1.038B $989.0M
YoY Change 4.95% -34.89%
LONG-TERM LIABILITIES
Long-Term Debt $4.510B $5.124B
YoY Change -11.98% -8.65%
Other Long-Term Liabilities $2.222B $2.842B
YoY Change -21.82% 2.97%
Total Long-Term Liabilities $6.732B $7.966B
YoY Change -15.49% -4.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.038B $989.0M
Total Long-Term Liabilities $6.732B $7.966B
Total Liabilities $8.303B $10.61B
YoY Change -21.73% -8.5%
SHAREHOLDERS EQUITY
Retained Earnings $116.0M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.734B $4.100B
YoY Change
Total Liabilities & Shareholders Equity $13.04B $14.71B
YoY Change -11.35% -7.16%

Cashflow Statement

Concept 2011 Q2 2010 Q2
OPERATING ACTIVITIES
Net Income $10.00M $14.00M
YoY Change -28.57% -113.21%
Depreciation, Depletion And Amortization $120.0M $126.0M
YoY Change -4.76% -2.33%
Cash From Operating Activities $114.0M $189.0M
YoY Change -39.68% 50.0%
INVESTING ACTIVITIES
Capital Expenditures -$46.00M -$39.00M
YoY Change 17.95% -2.5%
Acquisitions
YoY Change
Other Investing Activities -$7.000M $103.0M
YoY Change -106.8% 51.47%
Cash From Investing Activities -$53.00M $64.00M
YoY Change -182.81% 128.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -643.0M -567.0M
YoY Change 13.4% 785.94%
NET CHANGE
Cash From Operating Activities 114.0M 189.0M
Cash From Investing Activities -53.00M 64.00M
Cash From Financing Activities -643.0M -567.0M
Net Change In Cash -582.0M -314.0M
YoY Change 85.35% -448.89%
FREE CASH FLOW
Cash From Operating Activities $114.0M $189.0M
Capital Expenditures -$46.00M -$39.00M
Free Cash Flow $160.0M $228.0M
YoY Change -29.82% 37.35%

Facts In Submission

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7000000 USD
us-gaap Increase Decrease In Receivables
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115000000 USD
us-gaap Increase Decrease In Receivables
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69000000 USD
us-gaap Interest Expense
InterestExpense
261000000 USD
us-gaap Interest Expense
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210000000 USD
CY2010Q2 us-gaap Interest Expense
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155000000 USD
CY2011Q2 us-gaap Interest Expense
InterestExpense
117000000 USD
us-gaap Interest Paid Capitalized
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11 USD
us-gaap Interest Paid Capitalized
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17 USD
us-gaap Interest Paid Net
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247000000 USD
us-gaap Interest Paid Net
InterestPaidNet
273000000 USD
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8815000000 USD
CY2011Q2 us-gaap Liabilities
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8303000000 USD
CY2011Q2 us-gaap Liabilities And Stockholders Equity
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13039000000 USD
CY2010Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13429000000 USD
CY2011Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
33000000 USD
CY2010Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
32000000 USD
CY2010Q4 us-gaap Minority Interest
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2000000 USD
CY2011Q2 us-gaap Minority Interest
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2000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-691000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-604000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
98000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
214000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
367000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7000000 USD
us-gaap Net Income Loss
NetIncomeLoss
109000000 USD
us-gaap Net Income Loss
NetIncomeLoss
-6000000 USD
CY2010Q2 us-gaap Net Income Loss
NetIncomeLoss
14000000 USD
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
10000000 USD
CY2010Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
155000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
240000000 USD
us-gaap Operating Income Loss
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363000000 USD
CY2011Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
127000000 USD
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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPeriodIncreaseDecrease
-27000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPeriodIncreaseDecrease
-2000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPeriodIncreaseDecrease
22000000 USD
CY2011Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPeriodIncreaseDecrease
2000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
72000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
129000000 USD
CY2010Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
43000000 USD
CY2011Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
94000000 USD
us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax
110000000 USD
CY2010Q2 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax
81000000 USD
us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax
83000000 USD
CY2011Q2 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax
96000000 USD
CY2011Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
19000000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
72000000 USD
CY2010Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
2000000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
193000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
11000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
161000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
21000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
74000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
78000000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
43000000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-11000000 USD
us-gaap Pension Contributions
PensionContributions
5000000 USD
us-gaap Pension Contributions
PensionContributions
138000000 USD
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
535840000 shares
CY2010Q2 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
536423000 shares
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-19000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
0 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-3000000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
0 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
47000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
37000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Profit Loss
ProfitLoss
109000000 USD
us-gaap Profit Loss
ProfitLoss
-4000000 USD
CY2011Q2 us-gaap Profit Loss
ProfitLoss
10000000 USD
CY2010Q2 us-gaap Profit Loss
ProfitLoss
14000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
550000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
565000000 USD
CY2011Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
14000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
16000000 USD
CY2010Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8000000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
6000000 USD
CY2011Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
7000000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
11000000 USD
CY2010Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
4000000 USD
CY2010Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
181000000 USD
CY2011Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
116000000 USD
CY2010Q2 us-gaap Revenues From External Customers
RevenuesFromExternalCustomers
1805000000 USD
us-gaap Revenues From External Customers
RevenuesFromExternalCustomers
3351000000 USD
us-gaap Revenues From External Customers
RevenuesFromExternalCustomers
3224000000 USD
CY2011Q2 us-gaap Revenues From External Customers
RevenuesFromExternalCustomers
1773000000 USD
CY2011Q2 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
163000000 USD
CY2010Q2 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
148000000 USD
us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
339000000 USD
us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
378000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
2924000000 USD
CY2010Q2 us-gaap Sales Revenue Net
SalesRevenueNet
1641000000 USD
CY2011Q2 us-gaap Sales Revenue Net
SalesRevenueNet
1610000000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
3032000000 USD
us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
3263000000 USD
CY2011Q2 us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
1773000000 USD
us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
3410000000 USD
CY2010Q2 us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
1789000000 USD
CY2010Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
162000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
318000000 USD
CY2011Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
145000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
317000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
12000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
17000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
2662393 shares
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
4612000000 USD
CY2011Q2 us-gaap Stockholders Equity
StockholdersEquity
4734000000 USD
CY2011Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4736000000 USD
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4614000000 USD
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
541095000 shares
CY2010Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
212103000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
540790000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
211521000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
211521000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
537873000 shares
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
538599000 shares
CY2010Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
211600000 shares
CY2011Q2 wy Defined Benefit Plan Fair Value Of Plan Assets Percentage Period Increase Decrease
DefinedBenefitPlanFairValueOfPlanAssetsPercentagePeriodIncreaseDecrease
0.029
wy Deposits On Land Positions And Other Assets
DepositsOnLandPositionsAndOtherAssets
-4000000 USD
wy Deposits On Land Positions And Other Assets
DepositsOnLandPositionsAndOtherAssets
-3000000 USD
wy Gain Loss From Sale Of Closed Facilities
GainLossFromSaleOfClosedFacilities
10000000 USD
wy Income Before Income Taxes
IncomeBeforeIncomeTaxes
39000000 USD
CY2010Q2 wy Income Before Income Taxes
IncomeBeforeIncomeTaxes
21000000 USD
CY2011Q2 wy Income Before Income Taxes
IncomeBeforeIncomeTaxes
0 USD
wy Income Before Income Taxes
IncomeBeforeIncomeTaxes
156000000 USD
CY2011Q2 wy Interest Expense Net Of Capitalized Interest
InterestExpenseNetOfCapitalizedInterest
117000000 USD
wy Interest Expense Net Of Capitalized Interest
InterestExpenseNetOfCapitalizedInterest
210000000 USD
CY2010Q2 wy Interest Expense Net Of Capitalized Interest
InterestExpenseNetOfCapitalizedInterest
155000000 USD
wy Interest Expense Net Of Capitalized Interest
InterestExpenseNetOfCapitalizedInterest
261000000 USD
wy Interest Income And Other
InterestIncomeAndOther
20000000 USD
CY2010Q2 wy Interest Income And Other
InterestIncomeAndOther
12000000 USD
CY2011Q2 wy Interest Income And Other
InterestIncomeAndOther
9000000 USD
wy Interest Income And Other
InterestIncomeAndOther
54000000 USD
CY2010Q2 wy Intersegment Eliminations
IntersegmentEliminations
148000000 USD
wy Intersegment Eliminations
IntersegmentEliminations
339000000 USD
CY2011Q2 wy Intersegment Eliminations
IntersegmentEliminations
163000000 USD
wy Intersegment Eliminations
IntersegmentEliminations
378000000 USD
wy Items Excluded From Effective Income Tax Rates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">tems excluded from the calculation of our effective income tax rates include:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td width="84%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="14%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;text-decoration:underline;">DOLLAR AMOUNTS IN MILLIONS&#160;&#160;&#160;&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">First Quarter 2011:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Income taxes on a non-strategic timberlands gain discussed in Note 6</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(56</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Second Quarter 2011:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Tax benefit on early extinguishment of debt discussed in Note 9</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">10</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"></br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">First Quarter 2010:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Medicare Part D subsidy charge</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(28</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">State tax law and rate changes charge</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td></tr></table></div></div></div>
wy Land Management Income
LandManagementIncome
13000000 USD
CY2011Q2 wy Land Management Income
LandManagementIncome
7000000 USD
CY2010Q2 wy Land Management Income
LandManagementIncome
6000000 USD
wy Land Management Income
LandManagementIncome
12000000 USD
CY2010Q2 wy Net Contribution To Earnings
NetContributionToEarnings
176000000 USD
wy Net Contribution To Earnings
NetContributionToEarnings
366000000 USD
wy Net Contribution To Earnings
NetContributionToEarnings
300000000 USD
CY2011Q2 wy Net Contribution To Earnings
NetContributionToEarnings
117000000 USD
wy Net Gains On Dispositions Of Assets And Operations
NetGainsOnDispositionsOfAssetsAndOperations
185000000 USD
wy Net Gains On Dispositions Of Assets And Operations
NetGainsOnDispositionsOfAssetsAndOperations
93000000 USD
CY2011Q2 wy Net Pension And Other Postretirement Benefit Loss Not Yet Recognized In Earnings
NetPensionAndOtherPostretirementBenefitLossNotYetRecognizedInEarnings
1248000000 USD
CY2010Q4 wy Net Pension And Other Postretirement Benefit Loss Not Yet Recognized In Earnings
NetPensionAndOtherPostretirementBenefitLossNotYetRecognizedInEarnings
1358000000 USD
wy Other Operating Income Expense Including Discontinuing Operations
OtherOperatingIncomeExpenseIncludingDiscontinuingOperations
180000000 USD
CY2011Q2 wy Other Operating Income Expense Including Discontinuing Operations
OtherOperatingIncomeExpenseIncludingDiscontinuingOperations
6000000 USD
wy Other Operating Income Expense Including Discontinuing Operations
OtherOperatingIncomeExpenseIncludingDiscontinuingOperations
77000000 USD
CY2010Q2 wy Other Operating Income Expense Including Discontinuing Operations
OtherOperatingIncomeExpenseIncludingDiscontinuingOperations
7000000 USD
wy Other Operating Income Expense Other Net
OtherOperatingIncomeExpenseOtherNet
11000000 USD
CY2011Q2 wy Other Operating Income Expense Other Net
OtherOperatingIncomeExpenseOtherNet
7000000 USD
CY2010Q2 wy Other Operating Income Expense Other Net
OtherOperatingIncomeExpenseOtherNet
12000000 USD
wy Other Operating Income Expense Other Net
OtherOperatingIncomeExpenseOtherNet
18000000 USD
wy Pre Tax Gains From Sale Certain British Columbia Forest Licenses And Associated Rights
PreTaxGainsFromSaleCertainBritishColumbiaForestLicensesAndAssociatedRights
40000000 USD
CY2010Q4 wy Prior Service Credit Not Yet Recognized In Earnings
PriorServiceCreditNotYetRecognizedInEarnings
145000000 USD
CY2011Q2 wy Prior Service Credit Not Yet Recognized In Earnings
PriorServiceCreditNotYetRecognizedInEarnings
142000000 USD
CY2010Q2 wy Prior Service Credits Net Of Tax
PriorServiceCreditsNetOfTax
11000000 USD
CY2011Q2 wy Prior Service Credits Net Of Tax
PriorServiceCreditsNetOfTax
4000000 USD
wy Prior Service Credits Net Of Tax
PriorServiceCreditsNetOfTax
3000000 USD
wy Prior Service Credits Net Of Tax
PriorServiceCreditsNetOfTax
9000000 USD
wy Proceeds From Sale Of Assets And Operations
ProceedsFromSaleOfAssetsAndOperations
196000000 USD
wy Proceeds From Sale Of Assets And Operations
ProceedsFromSaleOfAssetsAndOperations
130000000 USD
wy Real Estate And Land
RealEstateAndLand
37000000 USD
wy Real Estate And Land
RealEstateAndLand
34000000 USD
wy Repayments From Pension Trust
RepaymentsFromPensionTrust
-146000000 USD
wy Repayments From Pension Trust
RepaymentsFromPensionTrust
0 USD
CY2011Q2 wy Revenues From External Customers Continuing Operations
RevenuesFromExternalCustomersContinuingOperations
1610000000 USD
wy Revenues From External Customers Continuing Operations
RevenuesFromExternalCustomersContinuingOperations
2924000000 USD
wy Revenues From External Customers Continuing Operations
RevenuesFromExternalCustomersContinuingOperations
3032000000 USD
CY2010Q2 wy Revenues From External Customers Continuing Operations
RevenuesFromExternalCustomersContinuingOperations
1641000000 USD
wy Special Dividend Number Of Common Shares Issued
SpecialDividendNumberOfCommonSharesIssued
324000000 shares
wy Special Dividend Paid
SpecialDividendPaid
5600000000 USD
CY2010Q3 wy Special Dividend Payment Date
SpecialDividendPaymentDate
2010-09-01
wy Timberlands Reforestation
TimberlandsReforestation
20000000 USD
wy Timberlands Reforestation
TimberlandsReforestation
19000000 USD
wy Weighted Average Assumptions Used In Estimating Value Of Performance Share Units Granted
WeightedAverageAssumptionsUsedInEstimatingValueOfPerformanceShareUnitsGranted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Weighted Average Assumptions Used in Estimating the Value of Performance Share Units Granted in First Half 2011</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td width="79%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="19%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Performance&#160;Share&#160;Units</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Performance period</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2/9/2011&#160;&#8211;&#160;2/9/2013</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"></br></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Valuation date closing stock price</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">24.32</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"></br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Expected dividends</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2.47</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Risk-free rate</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">0.12%&#160;-&#160;0.80%</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"></br></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Volatility</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">28.65%&#160;-&#160;35.74%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"></br></font></div></td></tr></table></div></div></div>
wy Weighted Average Assumptions Used To Remeasure Value Of Stock Appreciation Rights
WeightedAverageAssumptionsUsedToRemeasureValueOfStockAppreciationRights
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Weighted Average Assumptions Used to Remeasure the Value of Stock Appreciation Rights as of </font><font style="font-family:Arial;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">June&#160;30, 2011</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td width="84%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="14%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">JUNE&#160;30, <br clear="none"></br>2011</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Expected volatility</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">38.71</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Expected dividends</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2.74</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Expected term (in years)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2.63</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"></br></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Risk-free rate</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">0.81</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Weighted average fair value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4.54</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"></br></font></div></td></tr></table></div></div></div>
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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dei Document Fiscal Period Focus
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
dei Document Period End Date
DocumentPeriodEndDate
2011-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
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CY2011Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
538667211 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
WEYERHAEUSER CO

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