$WY
WEYERHAEUSER CO

2019 Q2 Form 10-Q Financial Statement

#000156459019026365 Filed on July 26, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2 2017 Q4
Revenue $1.692B $2.065B $1.823B
YoY Change -18.06% 14.21% 14.22%
Cost Of Revenue $1.390B $1.447B $1.316B
YoY Change -3.94% 8.31% 2.97%
Gross Profit $302.0M $618.0M $507.0M
YoY Change -51.13% 30.93% 59.43%
Gross Profit Margin 17.85% 29.93% 27.81%
Selling, General & Admin $101.0M $103.0M $93.00M
YoY Change -1.94% 5.1% -13.08%
% of Gross Profit 33.44% 16.67% 18.34%
Research & Development $2.000M $2.000M $2.000M
YoY Change 0.0% -50.0% -60.0%
% of Gross Profit 0.66% 0.32% 0.39%
Depreciation & Amortization $124.0M $119.0M $127.0M
YoY Change 4.2% -7.75% -7.3%
% of Gross Profit 41.06% 19.26% 25.05%
Operating Expenses $2.000M $105.0M $153.0M
YoY Change -98.1% 2.94% 33.04%
Operating Profit $186.0M $476.0M $476.0M
YoY Change -60.92% 203.18% 173.56%
Interest Expense $91.00M $92.00M -$85.00M
YoY Change -1.09% -8.0% -17.48%
% of Operating Profit 48.92% 19.33% -17.86%
Other Income/Expense, Net -$6.000M -$13.00M -$16.00M
YoY Change -53.85% 62.5% -245.45%
Pretax Income $91.00M $382.0M $374.0M
YoY Change -76.18% 558.62% 329.89%
Income Tax -$37.00M $65.00M $51.00M
% Of Pretax Income -40.66% 17.02% 13.64%
Net Earnings $128.0M $317.0M $271.0M
YoY Change -59.62% 1220.83% -50.82%
Net Earnings / Revenue 7.57% 15.35% 14.87%
Basic Earnings Per Share $0.17 $0.42 $0.36
Diluted Earnings Per Share $171.5K $416.8K $0.36
COMMON SHARES
Basic Shares Outstanding 745.5M 757.8M 754.8M shares
Diluted Shares Outstanding 746.2M 760.5M

Balance Sheet

Concept 2019 Q2 2018 Q2 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $212.0M $901.0M $824.0M
YoY Change -76.47% 28.53% 21.89%
Cash & Equivalents $212.0M $901.0M $824.0M
Short-Term Investments
Other Short-Term Assets $494.0M $399.0M $98.00M
YoY Change 23.81% 125.42% -14.04%
Inventory $425.0M $414.0M $383.0M
Prepaid Expenses $132.0M $146.0M $98.00M
Receivables $408.0M $491.0M $396.0M
Other Receivables $157.0M $23.00M $14.00M
Total Short-Term Assets $1.696B $2.228B $1.715B
YoY Change -23.88% 6.7% 5.73%
LONG-TERM ASSETS
Property, Plant & Equipment $1.901B $1.597B $1.618B
YoY Change 19.04% 4.11% 3.59%
Goodwill $40.00M $40.00M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $31.00M
YoY Change -44.64%
Other Assets $461.0M $279.0M $356.0M
YoY Change 65.23% 13.41% 58.93%
Total Long-Term Assets $15.33B $15.82B $16.34B
YoY Change -3.08% -6.4% -7.25%
TOTAL ASSETS
Total Short-Term Assets $1.696B $2.228B $1.715B
Total Long-Term Assets $15.33B $15.82B $16.34B
Total Assets $17.03B $18.05B $18.06B
YoY Change -5.65% -4.96% -6.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $271.0M $270.0M $249.0M
YoY Change 0.37% 7.14% 6.87%
Accrued Expenses $510.0M $543.0M $645.0M
YoY Change -6.08% -7.18% -6.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $62.00M
YoY Change -100.0% -77.94%
Total Short-Term Liabilities $1.223B $1.022B $1.165B
YoY Change 19.67% -32.94% -3.4%
LONG-TERM LIABILITIES
Long-Term Debt $6.177B $5.924B $5.930B
YoY Change 4.27% -0.2% -6.3%
Other Long-Term Liabilities $888.0M $295.0M $276.0M
YoY Change 201.02% 5.36% 2.6%
Total Long-Term Liabilities $7.065B $6.219B $6.206B
YoY Change 13.6% 0.05% -5.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.223B $1.022B $1.165B
Total Long-Term Liabilities $7.065B $6.219B $6.206B
Total Liabilities $8.305B $8.767B $9.160B
YoY Change -5.27% -11.44% -8.97%
SHAREHOLDERS EQUITY
Retained Earnings $1.441B $1.078B
YoY Change 24.87% -24.14%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.724B $9.281B $8.899B
YoY Change
Total Liabilities & Shareholders Equity $17.03B $18.05B $18.06B
YoY Change -5.65% -4.96% -6.15%

Cashflow Statement

Concept 2019 Q2 2018 Q2 2017 Q4
OPERATING ACTIVITIES
Net Income $128.0M $317.0M $271.0M
YoY Change -59.62% 1220.83% -50.82%
Depreciation, Depletion And Amortization $124.0M $119.0M $127.0M
YoY Change 4.2% -7.75% -7.3%
Cash From Operating Activities $396.0M $597.0M $354.0M
YoY Change -33.67% 22.09% -334.44%
INVESTING ACTIVITIES
Capital Expenditures -$84.00M -$97.00M -$160.0M
YoY Change -13.4% 11.49% -22.71%
Acquisitions
YoY Change
Other Investing Activities $1.000M $24.00M $335.0M
YoY Change -95.83% -51.02% -84.6%
Cash From Investing Activities -$83.00M -$73.00M $175.0M
YoY Change 13.7% 92.11% -91.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -360.0M -221.0M -202.0M
YoY Change 62.9% 7.8% -89.48%
NET CHANGE
Cash From Operating Activities 396.0M 597.0M 354.0M
Cash From Investing Activities -83.00M -73.00M 175.0M
Cash From Financing Activities -360.0M -221.0M -202.0M
Net Change In Cash -47.00M 303.0M 327.0M
YoY Change -115.51% 23.17% -417.48%
FREE CASH FLOW
Cash From Operating Activities $396.0M $597.0M $354.0M
Capital Expenditures -$84.00M -$97.00M -$160.0M
Free Cash Flow $480.0M $694.0M $514.0M
YoY Change -30.84% 20.49% 817.86%

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CY2018Q4 us-gaap Inventory Net
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CY2019Q2 wy Unsettled Share Repurchases
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CY2018Q4 wy Unsettled Share Repurchases
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CY2019Q2 us-gaap Inventory Lifo Reserve
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CY2018Q4 us-gaap Inventory Lifo Reserve
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CY2019Q1 us-gaap Proceeds From Related Party Debt
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CY2018Q4 us-gaap Repayments Of Long Term Debt
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209000000
us-gaap Defined Benefit Plan Benefit Obligation Increase Decrease For Remeasurement Due To Settlement
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CY2019Q2 us-gaap Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease
DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
16000000
CY2019Q2 us-gaap Defined Benefit Plan Benefit Obligation Period Increase Decrease
DefinedBenefitPlanBenefitObligationPeriodIncreaseDecrease
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CY2018 wy Defined Benefit Plan Funded Status Period Increase Decrease
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22000000
CY2018Q4 us-gaap Lines Of Credit Current
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425000000
CY2019Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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1500000000
CY2019Q2 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
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40000000
CY2019Q2 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
157000000
CY2018Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
192000000
CY2019Q2 wy Current Portion Of Lease Liabilities
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29000000
CY2018Q4 wy Current Portion Of Lease Liabilities
CurrentPortionOfLeaseLiabilities
0
CY2019Q2 wy Customer Rebates Volume Discounts And Deferred Income
CustomerRebatesVolumeDiscountsAndDeferredIncome
116000000
CY2018Q4 wy Customer Rebates Volume Discounts And Deferred Income
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99000000
CY2019Q2 us-gaap Interest Payable Current
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102000000
CY2018Q4 us-gaap Interest Payable Current
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109000000
CY2019Q2 wy Accrued Taxes Payable
AccruedTaxesPayable
32000000
CY2018Q4 wy Accrued Taxes Payable
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30000000
CY2019Q2 us-gaap Other Accrued Liabilities Current
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74000000
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
60000000
CY2019Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
510000000
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
490000000
wy Pre Tax Charge Related To Early Extinguishment Of Debt
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12000000
CY2019Q2 us-gaap Lines Of Credit Current
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140000000
CY2019Q2 us-gaap Long Term Debt Fair Value
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7360000000
CY2018Q4 us-gaap Long Term Debt
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6344000000
CY2018Q4 us-gaap Long Term Debt Fair Value
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6995000000
CY2019Q2 us-gaap Long Term Debt
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6293000000
CY2019Q2 us-gaap Environmental Exit Costs Assets Previously Disposed Liability For Remediation
EnvironmentalExitCostsAssetsPreviouslyDisposedLiabilityForRemediation
61000000
CY2019Q2 us-gaap Asset Retirement Obligation
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32000000
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-755000000
CY2018Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1603000000
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-755000000
CY2018Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-1603000000
wy Reclassification From Accumulated Other Comprehensive Income To Retained Earnings Adoption Of Accounting Standard
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253000000
wy Reclassification Of Accumulated Unrealized Gains On Available For Sale Securities Adoption Of Accounting Standard
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-9000000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
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863000
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
114000000
wy Weighted Average Assumptions Used In Estimating Value Of Performance Share Units Granted
WeightedAverageAssumptionsUsedInEstimatingValueOfPerformanceShareUnitsGranted
<p style="margin-top:8pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:8pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">Weighted Average Assumptions Used in Estimating the Value of Performance Share Units Granted in 2019</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:7pt;"> </p> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin:auto;border-collapse:collapse; width:100%;"> <tr> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:72.04%; border-bottom:solid 0.75pt transparent;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.74%; border-bottom:solid 0.75pt transparent;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:25.2%; border-bottom:solid 0.75pt #000000;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">PERFORMANCE SHARE UNITS</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr style="height:10.8pt;"> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.04%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Performance period</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.74%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:25.2%; border-top:solid 0.75pt #000000;" valign="middle"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1/1/2019 – 12/31/2021</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr style="height:10.8pt;"> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.04%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Valuation date average stock price<sup style="font-size:85%; vertical-align:top">(1)</sup></p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.74%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:25.2%;" valign="middle"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$25.83</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr style="height:10.8pt;"> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.04%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Expected dividends</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.74%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:25.2%;" valign="middle"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.25%</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr style="height:10.8pt;"> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.04%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Risk-free rate</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.74%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:25.2%;" valign="middle"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.43% – 2.55%</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr style="height:10.8pt;"> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.04%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Expected volatility</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.74%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:25.2%;" valign="middle"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">22.50% – 27.40%</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:1pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> </table></div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:3.33%;white-space:nowrap" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:8pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(1)</span></p></td> <td valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Arial;font-size:8pt;">Calculated as an average of the high and low prices on grant date.</p></td></tr></table></div> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.33%;text-indent:-3.33%;font-size:8pt;"> </p>
CY2019Q1 wy Leased Assets
LeasedAssets
165000000
CY2019Q1 wy Lease Liabilities
LeaseLiabilities
172000000
CY2019Q1 wy Amount Recorded To Retained Earnings Related To New Accounting Pronouncement
AmountRecordedToRetainedEarningsRelatedToNewAccountingPronouncement
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CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
5000000
us-gaap Operating Lease Cost
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10000000
CY2019Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4000000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8000000
CY2019Q2 us-gaap Lease Cost
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9000000
us-gaap Lease Cost
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18000000
us-gaap Operating Lease Payments
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10000000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
8000000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5000000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
4000000
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
126000000
CY2019Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
33000000
CY2019Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
15000000
CY2019Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
14000000
CY2019Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
24000000
CY2019Q2 wy Lease Liabilities
LeaseLiabilities
167000000
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y
CY2019Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
CY2019Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.030
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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10000000
CY2019Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
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CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
20000000
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
13000000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
17000000
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
9000000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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17000000
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Four
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6000000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
16000000
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
3000000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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81000000
CY2019Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
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CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
161000000
CY2019Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
39000000
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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32000000
CY2019Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1000000
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
129000000
CY2019Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
38000000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
35000000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
29000000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
26000000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
24000000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
18000000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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78000000
CY2018Q2 us-gaap Loss Contingency Loss In Period
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us-gaap Loss Contingency Loss In Period
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us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0
CY2018Q2 us-gaap Other Operating Income Expense Net
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-37000000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-49000000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-47000000
CY2019Q2 us-gaap Loss Contingency Loss In Period
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CY2019Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2000000
CY2018Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2000000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1000000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0
CY2019Q2 us-gaap Gain Loss Related To Litigation Settlement
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-9000000
CY2018Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
-8000000
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
-34000000
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
-13000000
CY2019Q2 us-gaap Other Cost And Expense Operating
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6000000
CY2018Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
11000000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
14000000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
34000000
CY2019Q2 us-gaap Other Operating Income Expense Net
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-13000000
us-gaap Effective Income Tax Rate Continuing Operations
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0.376
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
wy Tax Benefit Related To Pension Settlement Activity
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109000000

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