WY Weyerhaeuser Company

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): January 30, 2025

 

 

WEYERHAEUSER COMPANY

(Exact name of registrant as specified in charter)

 

 

Washington	1-4825	91-0470860
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification Number)

 

220 Occidental Avenue South

Seattle, Washington 98104-7800

(Address of principal executive offices)

(zip code)

Registrant’s telephone number, including area code:

(206) 539-3000

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $1.25 per share		WY		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934:

 

☐	Emerging growth company
☐	If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

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TABLE OF CONTENTS

 

	Item 2.02. Results of Operations and Financial Condition
	Item 9.01. Financial Statements and Exhibits
	SIGNATURES
	EXHIBIT 99.1
	EXHIBIT 99.2

 

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Section 2 - Financial Information

Item 2.02. Results of Operations and Financial Condition

On January 30, 2025, Weyerhaeuser Company will post and make available on its website its financial results for the quarter and the year ended December 31, 2024. Copies of the earnings release and the exhibit thereto are furnished as Exhibit 99.1 and Exhibit 99.2 to this report.

In accordance with General Instruction B.2 of Form 8-K, the information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 and Exhibit 99.2, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Section 9 - Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits

 

(d) Exhibits. The following items are furnished as exhibits to this report.

 

		Exhibit No.	Description
		99.1	Earnings release of Weyerhaeuser Company posted January 30, 2025 reporting results of operations for the quarter and the year ended December 31, 2024.
		99.2	Exhibit to earnings release of Weyerhaeuser Company posted January 30, 2025.
		104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

 

 

 

 

 

 

 

 

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

WEYERHAEUSER COMPANY
By:		/s/ David M. Wold
Name:		David M. Wold
Its:		Senior Vice President and Chief Financial Officer
		(Principal Financial and Accounting Officer)

 

Date: January 30, 2025

 

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EXHIBIT 99.1

 

 

For more information contact:		Analysts – Andy Taylor (206) 539-3907
		Media – Nancy Thompson (919) 861-0342

 

 

Weyerhaeuser Reports Fourth Quarter, Full Year Results

 

 

SEATTLE, January 30, 2025 – Weyerhaeuser Company (NYSE: WY) today reported fourth quarter net earnings of $81 million, or 11 cents per diluted share, on net sales of $1.7 billion. This compares with net earnings of $219 million, or 30 cents per diluted share, on net sales of $1.8 billion for the same period last year and net earnings of $28 million for third quarter 2024. There were no special items in fourth quarter 2024. Net earnings before special items was $121 million for the same period last year and $35 million for third quarter 2024. Adjusted EBITDA for fourth quarter 2024 was $294 million, compared with $321 million for the same period last year and $236 million for third quarter 2024.

For full year 2024, Weyerhaeuser reported net earnings of $396 million, or 54 cents per diluted share, on net sales of $7.1 billion. This compares with net earnings of $839 million on net sales of $7.7 billion for full year 2023. Full year 2024 includes a total after-tax benefit of $12 million for special items. Excluding these items, the company reported net earnings of $384 million, or 53 cents per diluted share. This compares with net earnings before special items of $749 million for full year 2023. Adjusted EBITDA for full year 2024 was $1.3 billion, compared with $1.7 billion for full year 2023.

In 2024, the company delivered strong results from its Natural Climate Solutions business, generating $55 million of operating income. Adjusted EBITDA was $84 million, a 79 percent increase compared to 2023. The company is encouraged by continued market development and demand for its climate solutions offerings and remains on track to reach $100 million of Adjusted EBITDA by year end 2025.

“Our performance in 2024 reflects solid execution against a challenging market backdrop,” said Devin W. Stockfish, president and chief executive officer. “Our teams drove meaningful improvements across each of the value levers of our investment thesis in 2024, and we continued to demonstrate the durability of our portfolio and the flexibility of our capital allocation framework across market cycles. Notably, we grew our timberlands through strategic acquisitions in Alabama, announced an investment to expand our EWP portfolio, advanced our Natural Climate Solutions business and captured additional operational excellence improvements. We also increased our base dividend by 5.3 percent and repurchased $153 million of our shares. Entering 2025, our balance sheet is strong, and we are well positioned to capitalize as market conditions improve. We remain focused on achieving our multi-year targets, serving our customers and driving long-term value for our shareholders.”
 

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WEYERHAEUSER FINANCIAL HIGHLIGHTS		2024				2024				2023				2024				2023
(millions, except per share data)		Q3				Q4				Q4				Full Year				Full Year
Net sales		$	1,681			$	1,708			$	1,774			$	7,124			$	7,674
Net earnings		$	28			$	81			$	219			$	396			$	839
Net earnings per diluted share		$	0.04			$	0.11			$	0.30			$	0.54			$	1.15
Weighted average shares outstanding, diluted			728				728				731				729				732
Net earnings before special items(1)(2)		$	35			$	81			$	121			$	384			$	749
Net earnings per diluted share before special items(1)		$	0.05			$	0.11			$	0.16			$	0.53			$	1.02
Adjusted EBITDA(1)		$	236			$	294			$	321			$	1,292			$	1,694
Net cash from operations		$	234			$	218			$	288			$	1,008			$	1,433
Adjusted FAD(3)		$	137			$	69			$	92			$	567			$	986

TIMBERLANDS

 

FINANCIAL HIGHLIGHTS		2024				2024
(millions)		Q3				Q4				Change
Net sales		$	493			$	497			$	4
Net contribution to pretax earnings		$	57			$	62			$	5
Adjusted EBITDA		$	122			$	126			$	4

Q4 2024 Performance – In the West, fee harvest volumes were slightly lower than the third quarter. Domestic sales volumes were moderately higher and export volumes were lower as the company shifted volumes from China to domestic customers. Sales realizations were slightly lower due to mix, per unit log and haul costs were comparable, and forestry and road costs were seasonally lower. In the South, fee harvest volumes and forestry and road costs were higher as operating activities in certain regions shifted from the prior quarter due to wet weather conditions. Sales realizations were slightly higher due to mix, while per unit log and haul costs were comparable.

Q1 2025 Outlook – Weyerhaeuser anticipates first quarter earnings before special items and Adjusted EBITDA will be approximately $20 million higher than the fourth quarter. In the West, the company expects fee harvest volumes and per unit log and haul costs to be slightly higher. Sales volumes and realizations are expected to be moderately higher, primarily for domestic logs. Forestry and road costs are expected to be seasonally lower. In the South, the company expects fee harvest volumes, sales realizations and forestry and road costs to be comparable. Per unit log and haul costs are expected to be slightly higher.

 

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REAL ESTATE, ENERGY & NATURAL RESOURCES

 

FINANCIAL HIGHLIGHTS		2024				2024
(millions)		Q3				Q4				Change
Net sales		$	89			$	86			$	(3	)
Net contribution to pretax earnings		$	51			$	46			$	(5	)
Adjusted EBITDA		$	77			$	76			$	(1	)

Q4 2024 Performance – Earnings decreased from the third quarter, while Adjusted EBITDA was comparable. The number of acres sold increased due to the timing of transactions. The average price per acre was comparable and the average basis as a percentage of real estate sales was higher due to the mix of properties sold.

Q1 2025 Outlook – Weyerhaeuser anticipates first quarter earnings before special items and Adjusted EBITDA will be comparable to the fourth quarter due to the timing and mix of real estate sales. The company expects full year 2025 Adjusted EBITDA for the segment will be approximately $350 million.

WOOD PRODUCTS

 

FINANCIAL HIGHLIGHTS		2024				2024
(millions)		Q3				Q4				Change
Net sales		$	1,235			$	1,263			$	28
Net contribution to pretax earnings		$	27			$	106			$	79
Pretax charge for special items		$	10			$	—			$	(10	)
Net contribution to pretax earnings before special items		$	37			$	106			$	69
Adjusted EBITDA		$	91			$	161			$	70

Q4 2024 Performance – Sales realizations for lumber and oriented strand board increased 9 percent and 5 percent, respectively, compared with third quarter averages. Production volumes for lumber were moderately higher as the company returned to a more normal operating posture. Sales volumes and unit manufacturing costs were comparable, and log costs were slightly lower. For oriented strand board, production and sales volumes were higher, and unit manufacturing costs were moderately lower, given less downtime for planned annual maintenance. Fiber costs were comparable. For engineered wood products, sales realizations were moderately lower for solid section and I-joist products and slightly higher for plywood. Sales volumes were slightly higher, primarily for solid section products. Raw material and unit manufacturing costs were slightly lower. Distribution results were lower than the third quarter due to seasonally lower sales volumes.

Q1 2025 Outlook – Weyerhaeuser anticipates first quarter earnings before special items and Adjusted EBITDA will be slightly higher than the fourth quarter, excluding the effect of changes in average sales realizations for lumber and oriented strand board. For lumber, the company expects higher sales volumes, slightly higher log costs, and lower unit manufacturing costs. For oriented strand board, the company anticipates moderately higher sales volumes and slightly higher fiber and unit manufacturing costs. For engineered wood products, the company expects slightly higher sales volumes, comparable sales realizations, and slightly higher raw material costs, primarily for oriented strand board webstock. For distribution, the company anticipates slightly higher results compared to the fourth quarter.

 

 

 

 

 

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ABOUT WEYERHAEUSER

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900 and today owns or controls approximately 10.4 million acres of timberlands in the U.S., as well as additional public timberlands managed under long-term licenses in Canada. Weyerhaeuser has been a global leader in sustainability for more than a century and manages 100 percent of its timberlands on a fully sustainable basis in compliance with internationally recognized sustainable forestry standards. Weyerhaeuser is also one of the largest manufacturers of wood products in North America and operates additional business lines around product distribution, climate solutions, real estate, and energy and natural resources, among others. In 2024, the company generated $7.1 billion in net sales and employed approximately 9,400 people who serve customers worldwide. Operated as a real estate investment trust, Weyerhaeuser’s common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.

EARNINGS CALL INFORMATION

Weyerhaeuser will hold a live conference call at 7 a.m. Pacific (10 a.m. Eastern) on January 31, 2025, to discuss fourth quarter results.

To access the live webcast and presentation online, go to the Investor Relations section on www.weyerhaeuser.com on January 31, 2025.

To join the conference call from within North America, dial 1-877-407-0792 (access code: 13748393) at least 15 minutes prior to the call. Those calling from outside North America should dial 201-689-8263 (access code: 13748393). Replays will be available for two weeks at 1-844-512-2921 (access code: 13748393) from within North America, and at 1-412-317-6671 (access code: 13748393) from outside North America.

FORWARD-LOOKING STATEMENTS

This earnings release contains statements concerning the company's future results and performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, with respect to our outlook and expectations concerning the following: our future operating performance and delivery of long-term shareholder value and returns; achievement of multi-year goal targets; completion of a new engineered wood products facility; earnings before special items and Adjusted EBITDA for our Timberlands, Real Estate, Energy & Natural Resources and Wood Products segments; fee harvest volumes, sales volumes, sales realizations, per unit log and haul costs and forestry and road costs for our Timberlands segment; the timing and mix of real estate sales for our Real Estate, Energy & Natural Resources segment; sales volumes, log costs and unit manufacturing costs for our lumber business; sales volumes, fiber costs and unit manufacturing costs for our oriented strand board business; sales volumes, sales realizations and raw material costs for our engineered wood products business; results for our distribution business; and our 2025 goal for annual Adjusted EBITDA in our Natural Climate Solutions business. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often involve use of words and expressions such as “anticipate,” “expect,” “will” and similar words and expressions or reference events to occur in a future time period. They may use the positive, negative or another variation of those and similar words and expressions. These forward-looking statements are based on our current expectations and assumptions and are not guarantees of future events or performance. The realization of our expectations and the accuracy of our assumptions are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to:

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It is not possible to predict or identify all risks and uncertainties that might affect the accuracy of our forward-looking statements and, consequently, our descriptions of such risks and uncertainties should not be considered exhaustive. There is no guarantee that any of the events anticipated by these forward-looking statements will occur, and if any of the events do occur, there is no guarantee what effect they will have on the company's business, results of operations, cash flows, financial condition and future prospects.

Forward-looking statements speak only as of the date they are made, and we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.

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RECONCILIATION OF ADJUSTED EBITDA TO NET EARNINGS

We reconcile Adjusted EBITDA to net earnings for the consolidated company and to operating income (loss) for the business segments, as those are the most directly comparable U.S. GAAP measures for each.

 

The table below reconciles Adjusted EBITDA for the year ended December 31, 2024:

 

(millions)		Timberlands				Real Estate & ENR				Wood Products				Unallocated Items				Total
Adjusted EBITDA by Segment:
Net earnings																		$	396
Interest expense, net of capitalized interest																			269
Income taxes																			31
Net contribution (charge) to earnings		$	280			$	216			$	457			$	(257	)		$	696
Non-operating pension and other post-employment benefit costs			—				—				—				42				42
Interest income and other			(1	)			—				—				(52	)			(53	)
Operating income (loss)			279				216				457				(267	)			685
Depreciation, depletion and amortization			260				13				219				10				502
Basis of real estate sold			—				120				—				—				120
Special items included in operating income (loss)(1)			—				—				(15	)			—				(15	)
Adjusted EBITDA		$	539			$	349			$	661			$	(257	)		$	1,292

The table below reconciles Adjusted EBITDA for the year ended December 31, 2023:

 

(millions)		Timberlands				Real Estate & ENR				Wood Products				Unallocated Items				Total
Adjusted EBITDA by Segment:
Net earnings																		$	839
Interest expense, net of capitalized interest																			280
Income taxes																			98
Net contribution (charge) to earnings		$	488			$	211			$	709			$	(191	)		$	1,217
Non-operating pension and other post-employment benefit costs			—				—				—				45				45
Interest income and other			—				—				—				(76	)			(76	)
Operating income (loss)			488				211				709				(222	)			1,186
Depreciation, depletion and amortization			267				16				210				7				500
Basis of real estate sold			—				93				—				—				93
Special items included in operating income (loss)(1)(2)(3)			(109	)			—				(14	)			38				(85	)
Adjusted EBITDA		$	646			$	320			$	905			$	(177	)		$	1,694

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The table below reconciles Adjusted EBITDA for the quarter ended December 31, 2024:

(millions)		Timberlands				Real Estate & ENR				Wood Products				Unallocated Items				Total
Adjusted EBITDA by Segment:
Net earnings																		$	81
Interest expense, net of capitalized interest																			66
Income taxes																			(7	)
Net contribution (charge) to earnings		$	62			$	46			$	106			$	(74	)		$	140
Non-operating pension and other post-employment benefit costs			—				—				—				11				11
Interest income and other			—				—				—				(10	)			(10	)
Operating income (loss)			62				46				106				(73	)			141
Depreciation, depletion and amortization			64				3				55				4				126
Basis of real estate sold			—				27				—				—				27
Adjusted EBITDA		$	126			$	76			$	161			$	(69	)		$	294

The table below reconciles Adjusted EBITDA for the quarter ended September 30, 2024:

(millions)		Timberlands				Real Estate & ENR				Wood Products				Unallocated Items				Total
Adjusted EBITDA by Segment:
Net earnings																		$	28
Interest expense, net of capitalized interest																			69
Income taxes																			(15	)
Net contribution (charge) to earnings		$	57			$	51			$	27			$	(53	)		$	82
Non-operating pension and other post-employment benefit costs			—				—				—				10				10
Interest income and other			—				—				—				(14	)			(14	)
Operating income (loss)			57				51				27				(57	)			78
Depreciation, depletion and amortization			65				3				54				3				125
Basis of real estate sold			—				23				—				—				23
Special items included in operating income (loss)(1)			—				—				10				—				10
Adjusted EBITDA		$	122			$	77			$	91			$	(54	)		$	236

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The table below reconciles Adjusted EBITDA for the quarter ended December 31, 2023:

(millions)		Timberlands				Real Estate & ENR				Wood Products				Unallocated Items				Total
Adjusted EBITDA by Segment:
Net earnings																		$	219
Interest expense, net of capitalized interest																			72
Income taxes																			(3	)
Net contribution (charge) to earnings		$	186			$	50			$	119			$	(67	)		$	288
Non-operating pension and other post-employment benefit costs			—				—				—				12				12
Interest income and other			—				—				—				(22	)			(22	)
Operating income (loss)			186				50				119				(77	)			278
Depreciation, depletion and amortization			66				4				54				2				126
Basis of real estate sold			—				13				—				—				13
Special items included in operating income (loss)(1)(2)(3)			(109	)			—				(14	)			27				(96	)
Adjusted EBITDA		$	143			$	67			$	159			$	(48	)		$	321

The table below reconciles Natural Climate Solutions Adjusted EBITDA for the year ended December 31, 2024:

		2024
(millions)		Full Year
Operating income		$	55
Depreciation, depletion and amortization			1
Basis of real estate sold			28
Adjusted EBITDA		$	84

We have not provided a reconciliation of forecasted Adjusted EBITDA related to Natural Climate Solutions to the most comparable GAAP measure because Adjusted EBITDA excludes the impact of certain items described in the definition included on page 2 of this release and management cannot estimate the impact these items will have on Adjusted EBITDA without unreasonable effort. We believe that the probable significance of providing this forward-looking non-GAAP financial measure without a reconciliation to operating income is that investors and analysts will have certain information that we believe is useful and meaningful regarding our Natural Climate Solutions business, but they will not have that information on a GAAP basis. As a result, investors and analysts may be unable to accurately compare the expected impact to our historical results or the results or expected results of other companies that may have treated such matters differently. Management believes that, given the inherent uncertainty of forward-looking statements, investors and analysts will be able to understand and appropriately take into account the limitations in the information we have provided. Investors are cautioned that we cannot predict the occurrence, timing or amount of all non-GAAP items that we exclude from Adjusted EBITDA. Accordingly, the actual effect of these items, when determined, could potentially be significant to the calculation of Adjusted EBITDA over the medium-term.

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RECONCILIATION OF NET EARNINGS BEFORE SPECIAL ITEMS TO NET EARNINGS (INCOME TAX AFFECTED)

We reconcile net earnings before special items to net earnings and net earnings per diluted share before special items to net earnings per diluted share, as those are the most directly comparable U.S. GAAP measures. We believe the measures provide meaningful supplemental information for investors about our operating performance, better facilitate period to period comparisons and are widely used by analysts, lenders, rating agencies and other interested parties.

The table below reconciles net earnings before special items to net earnings:

 

		2024				2024				2023				2024				2023
(millions)		Q3				Q4				Q4				Full Year				Full Year
Net earnings		$	28			$	81			$	219			$	396			$	839
Environmental remediation charge			—				—				—				—				8
Gain on sale of timberlands			—				—				(83	)			—				(83	)
Insurance recovery			—				—				(10	)			—				(10	)
Legal benefit			—				—				(25	)			—				(25	)
Legal expense			—				—				20				—				20
Product remediation recovery			—				—				—				(19	)			—
Restructuring, impairments and other charges			7				—				—				7				—
Net earnings before special items		$	35			$	81			$	121			$	384			$	749

The table below reconciles net earnings per diluted share before special items to net earnings per diluted share:

 

		2024				2024				2023				2024				2023
		Q3				Q4				Q4				Full Year				Full Year
Net earnings per diluted share		$	0.04			$	0.11			$	0.30			$	0.54			$	1.15
Environmental remediation charge			—				—				—				—				0.01
Gain on sale of timberlands			—				—				(0.12	)			—				(0.12	)
Insurance recovery			—				—				(0.01	)			—				(0.01	)
Legal benefit			—				—				(0.03	)			—				(0.03	)
Legal expense			—				—				0.02				—				0.02
Product remediation recovery			—				—				—				(0.02	)			—
Restructuring, impairments and other charges			0.01				—				—				0.01				—
Net earnings per diluted share before special items		$	0.05			$	0.11			$	0.16			$	0.53			$	1.02

RECONCILIATION OF ADJUSTED FAD TO NET CASH FROM OPERATIONS

We reconcile Adjusted FAD to net cash from operations, as that is the most directly comparable U.S. GAAP measure. We believe the measure provides meaningful supplemental information for investors about our liquidity.

The table below reconciles Adjusted FAD to net cash from operations:

 

		2024				2024				2023				2024				2023
(millions)		Q3				Q4				Q4				Full Year				Full Year
Net cash from operations		$	234			$	218			$	288			$	1,008			$	1,433
Capital expenditures			(97	)			(149	)			(196	)			(416	)			(447	)
Adjustments to FAD(1)			—				—				—				(25	)			—
Adjusted FAD		$	137			$	69			$	92			$	567			$	986

 

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Weyerhaeuser Company	Exhibit 99.2

Q4.2024 Analyst Package

Preliminary results (unaudited)

 

 

Consolidated Statement of Operations

 

		Q1				Q2				Q3				Q4								Year-to-Date
in millions		March 31,  2024				June 30,  2024				Sept 30,  2024				Dec 31, 2024				Dec 31, 2023				Dec 31, 2024				Dec 31, 2023
Net sales		$	1,796			$	1,939			$	1,681			$	1,708			$	1,774			$	7,124			$	7,674
Costs of sales			1,441				1,535				1,431				1,404				1,432				5,811				5,992
Gross margin			355				404				250				304				342				1,313				1,682
Selling expenses			22				22				22				22				21				88				87
General and administrative expenses			120				116				122				122				115				480				431
Gain on sale of timberlands			—				—				—				—				(84	)			—				(84	)
Other operating costs (income), net			17				(4	)			28				19				12				60				62
Operating income			196				270				78				141				278				685				1,186
Non-operating pension and other post-employment benefit costs			(11	)			(10	)			(10	)			(11	)			(12	)			(42	)			(45	)
Interest income and other			16				13				14				10				22				53				76
Interest expense, net of capitalized interest			(67	)			(67	)			(69	)			(66	)			(72	)			(269	)			(280	)
Earnings before income taxes			134				206				13				74				216				427				937
Income taxes			(20	)			(33	)			15				7				3				(31	)			(98	)
Net earnings		$	114			$	173			$	28			$	81			$	219			$	396			$	839

 

 

Per Share Information

 

		Q1				Q2				Q3				Q4								Year-to-Date
		March 31,  2024				June 30,  2024				Sept 30,  2024				Dec 31, 2024				Dec 31, 2023				Dec 31, 2024				Dec 31, 2023
Earnings per share, basic and diluted		$	0.16			$	0.24			$	0.04			$	0.11			$	0.30			$	0.54			$	1.15
Dividends paid per common share		$	0.34			$	0.20			$	0.20			$	0.20			$	0.19			$	0.94			$	1.66
Weighted average shares outstanding (in thousands):
Basic			730,043				729,026				727,621				726,927				730,422				728,398				731,654
Diluted			730,558				729,341				728,180				727,776				731,277				728,957				732,222
Common shares outstanding at end of period (in thousands)			729,141				727,519				726,758				725,845				729,753				725,845				729,753

 

 

Adjusted Earnings before Interest, Tax, Depreciation, Depletion and Amortization (Adjusted EBITDA)

 

		Q1				Q2				Q3				Q4								Year-to-Date
in millions		March 31,  2024				June 30,  2024				Sept 30,  2024				Dec 31, 2024				Dec 31, 2023				Dec 31, 2024				Dec 31, 2023
Net earnings		$	114			$	173			$	28			$	81			$	219			$	396			$	839
Non-operating pension and other post-employment benefit costs			11				10				10				11				12				42				45
Interest income and other			(16	)			(13	)			(14	)			(10	)			(22	)			(53	)			(76	)
Interest expense, net of capitalized interest			67				67				69				66				72				269				280
Income taxes			20				33				(15	)			(7	)			(3	)			31				98
Operating income			196				270				78				141				278				685				1,186
Depreciation, depletion and amortization			125				126				125				126				126				502				500
Basis of real estate sold			31				39				23				27				13				120				93
Special items included in operating income			—				(25	)			10				—				(96	)			(15	)			(85	)
Adjusted EBITDA(1)		$	352			$	410			$	236			$	294			$	321			$	1,292			$	1,694

 

(1) Adjusted EBITDA is a non-GAAP measure that management uses to evaluate the performance of the company. Adjusted EBITDA, as we define it, is operating income adjusted for depreciation, depletion, amortization, basis of real estate sold and special items. Our definition of Adjusted EBITDA may be different from similarly titled measures reported by other companies. Adjusted EBITDA should not be considered in isolation from, and is not intended to represent an alternative to, our GAAP results.

 

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Weyerhaeuser Company	Total Company Statistics

Q4.2024 Analyst Package

Preliminary results (unaudited)

 

 

Special Items Included in Net Earnings (Income Tax Affected)

 

		Q1				Q2				Q3				Q4								Year-to-Date
in millions		March 31,  2024				June 30,  2024				Sept 30,  2024				Dec 31, 2024				Dec 31, 2023				Dec 31, 2024				Dec 31, 2023
Net earnings		$	114			$	173			$	28			$	81			$	219			$	396			$	839
Environmental remediation charge			—				—				—				—				—				—				8
Gain on sale of timberlands			—				—				—				—				(83	)			—				(83	)
Insurance recovery			—				—				—				—				(10	)			—				(10	)
Legal benefit			—				—				—				—				(25	)			—				(25	)
Legal expense			—				—				—				—				20				—				20
Product remediation recovery			—				(19	)			—				—				—				(19	)			—
Restructuring, impairments and other charges			—				—				7				—				—				7				—
Net earnings before special items(1)		$	114			$	154			$	35			$	81			$	121			$	384			$	749

 

 

		Q1				Q2				Q3				Q4								Year-to-Date
		March 31,  2024				June 30,  2024				Sept 30,  2024				Dec 31, 2024				Dec 31, 2023				Dec 31, 2024				Dec 31, 2023
Net earnings per diluted share		$	0.16			$	0.24			$	0.04			$	0.11			$	0.30			$	0.54			$	1.15
Environmental remediation charge			—				—				—				—				—				—				0.01
Gain on sale of timberlands			—				—				—				—				(0.12	)			—				(0.12	)
Insurance recovery			—				—				—				—				(0.01	)			—				(0.01	)
Legal benefit			—				—				—				—				(0.03	)			—				(0.03	)
Legal expense			—				—				—				—				0.02				—				0.02
Product remediation recovery			—				(0.03	)			—				—				—				(0.02	)			—
Restructuring, impairments and other charges			—				—				0.01				—				—				0.01				—
Net earnings per diluted share before special items(1)		$	0.16			$	0.21			$	0.05			$	0.11			$	0.16			$	0.53			$	1.02

 

(1) Net earnings before special items is a non-GAAP measure that management believes provides helpful context in understanding the company’s earnings performance. Net earnings before special items should not be considered in isolation from, and is not intended to represent an alternative to, our GAAP results.

 

 

Selected Total Company Items

 

		Q1				Q2				Q3				Q4								Year-to-Date
in millions		March 31,  2024				June 30,  2024				Sept 30,  2024				Dec 31, 2024				Dec 31, 2023				Dec 31, 2024				Dec 31, 2023
Pension and post-employment costs:
Pension and post-employment service costs		$	5			$	5			$	5			$	6			$	6			$	21			$	23
Non-operating pension and other post-employment benefit costs			11				10				10				11				12				42				45
Total company pension and post-employment costs		$	16			$	15			$	15			$	17			$	18			$	63			$	68

 

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Weyerhaeuser Company

Q4.2024 Analyst Package

Preliminary results (unaudited)

 

 

Condensed Consolidated Balance Sheet

 

in millions			March 31, 2024				June 30, 2024				September 30, 2024				December 31, 2024				December 31, 2023
ASSETS
Current assets:
Cash and cash equivalents			$	871			$	997			$	877			$	684			$	1,164
Receivables, net				405				410				373				306				354
Receivables for taxes				13				10				10				9				10
Inventories				630				614				592				607				566
Prepaid expenses and other current assets				192				152				142				142				219
Total current assets				2,111				2,183				1,994				1,748				2,313
Property and equipment, net				2,283				2,240				2,247				2,329				2,269
Construction in progress				243				303				316				287				270
Timber and timberlands at cost, less depletion				11,481				11,475				11,502				11,551				11,528
Minerals and mineral rights, less depletion				198				194				192				189				200
Deferred tax assets				14				13				13				24				15
Other assets				426				392				404				408				388
Total assets			$	16,756			$	16,800			$	16,668			$	16,536			$	16,983
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt			$	210			$	210			$	210			$	210			$	—
Accounts payable				310				281				275				255				287
Accrued liabilities				424				504				507				512				501
Total current liabilities				944				995				992				977				788
Long-term debt, net				4,861				4,862				4,864				4,866				5,069
Deferred tax liabilities				84				87				78				26				81
Deferred pension and other post-employment benefits				460				460				462				596				461
Other liabilities				353				351				345				350				348
Total liabilities				6,702				6,755				6,741				6,815				6,747
Total equity				10,054				10,045				9,927				9,721				10,236
Total liabilities and equity			$	16,756			$	16,800			$	16,668			$	16,536			$	16,983

 

 

 

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Weyerhaeuser Company

Q4.2024 Analyst Package

Preliminary results (unaudited)

 

 

Consolidated Statement of Cash Flows

 

		Q1				Q2				Q3				Q4								Year-to-Date
in millions		March 31,  2024				June 30,  2024				Sept 30,  2024				Dec 31, 2024				Dec 31, 2023				Dec 31, 2024				Dec 31, 2023
Cash flows from operations:
Net earnings		$	114			$	173			$	28			$	81			$	219			$	396			$	839
Noncash charges (credits) to earnings:
Depreciation, depletion and amortization			125				126				125				126				126				502				500
Basis of real estate sold			31				39				23				27				13				120				93
Deferred income taxes, net			—				4				(13	)			(31	)			(15	)			(40	)			(5	)
Pension and other post-employment benefits			16				15				15				17				18				63				68
Share-based compensation expense			10				12				10				11				10				43				36
Net gain on sale of timberlands			—				—				—				—				(84	)			—				(84	)
Other			1				(1	)			6				(4	)			13				2				(1	)
Change in:
Receivables, net			(53	)			(4	)			36				66				81				45				4
Receivables and payables for taxes			(3	)			16				(16	)			2				(10	)			(1	)			41
Inventories			(68	)			15				22				(24	)			(36	)			(55	)			(13	)
Prepaid expenses and other current assets			17				16				(13	)			(1	)			(8	)			19				(13	)
Accounts payable and accrued liabilities			(51	)			37				13				(22	)			(8	)			(23	)			35
Pension and post-employment benefit contributions and payments			(4	)			(5	)			(3	)			(6	)			(4	)			(18	)			(20	)
Other			(11	)			(11	)			1				(24	)			(27	)			(45	)			(47	)
Net cash from operations		$	124			$	432			$	234			$	218			$	288			$	1,008			$	1,433
Cash flows from investing activities:
Capital expenditures for property and equipment		$	(57	)		$	(82	)		$	(89	)		$	(136	)		$	(181	)		$	(364	)		$	(390	)
Capital expenditures for timberlands reforestation			(22	)			(9	)			(8	)			(13	)			(15	)			(52	)			(57	)
Acquisitions of timberlands			—				(53	)			(82	)			(116	)			(163	)			(251	)			(233	)
Proceeds from sale of timberlands			—				—				—				—				166				—				166
Purchase of short-term investments			—				—				—				—				—				—				(664	)
Maturities of short-term investments			—				—				—				—				664				—				664
Other			2				1				18				10				3				31				6
Net cash from investing activities		$	(77	)		$	(143	)		$	(161	)		$	(255	)		$	474			$	(636	)		$	(508	)
Cash flows from financing activities:
Cash dividends on common shares		$	(248	)		$	(146	)		$	(145	)		$	(145	)		$	(140	)		$	(684	)		$	(1,216	)
Net proceeds from issuance of long-term debt			—				—				—				—				249				—				992
Payments on long-term debt			—				—				—				—				(860	)			—				(978	)
Repurchases of common shares			(50	)			(49	)			(27	)			(28	)			(22	)			(154	)			(131	)
Other			(10	)			—				1				(5	)			2				(14	)			(9	)
Net cash from financing activities		$	(308	)		$	(195	)		$	(171	)		$	(178	)		$	(771	)		$	(852	)		$	(1,342	)
Net change in cash, cash equivalents and restricted cash		$	(261	)		$	94			$	(98	)		$	(215	)		$	(9	)		$	(480	)		$	(417	)
Cash, cash equivalents and restricted cash at beginning of period			1,164				903				997				899				1,173				1,164				1,581
Cash, cash equivalents and restricted cash at end of period		$	903			$	997			$	899			$	684			$	1,164			$	684			$	1,164
Cash paid during the period for:
Interest, net of amounts capitalized		$	57			$	69			$	63			$	70			$	93			$	259			$	283
Income taxes, net of refunds		$	23			$	15			$	13			$	9			$	23			$	60			$	63

 

 

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Weyerhaeuser Company	Timberlands Segment

Q4.2024 Analyst Package

Preliminary results (unaudited)

 

 

Segment Statement of Operations

 

in millions		Q1.2024				Q2.2024				Q3.2024				Q4.2024				Q4.2023				YTD.2024				YTD.2023
Sales to unaffiliated customers		$	387			$	409			$	357			$	359			$	395			$	1,512			$	1,654
Intersegment sales			134				146				136				138				139				554				572
Total net sales			521				555				493				497				534				2,066				2,226
Costs of sales			415				450				410				411				429				1,686				1,746
Gross margin			106				105				83				86				105				380				480
Selling expenses			—				—				1				—				—				1				1
General and administrative expenses			25				25				24				26				26				100				100
Gain on sale of timberlands			—				—				—				—				(84	)			—				(84	)
Other operating costs (income), net			1				—				1				(2	)			(23	)			—				(25	)
Operating income			80				80				57				62				186				279				488
Interest income and other			—				1				—				—				—				1				—
Net contribution to earnings		$	80			$	81			$	57			$	62			$	186			$	280			$	488

 

 

Adjusted Earnings before Interest, Tax, Depreciation, Depletion and Amortization(1)

 

in millions		Q1.2024				Q2.2024				Q3.2024				Q4.2024				Q4.2023				YTD.2024				YTD.2023
Operating income		$	80			$	80			$	57			$	62			$	186			$	279			$	488
Depreciation, depletion and amortization			64				67				65				64				66				260				267
Special items			—				—				—				—				(109	)			—				(109	)
Adjusted EBITDA(1)		$	144			$	147			$	122			$	126			$	143			$	539			$	646

 

(1) See definition of Adjusted EBITDA (a non-GAAP measure) on page 1.

 

Segment Special Items Included in Net Contribution to Earnings (Pretax)

 

in millions		Q1.2024				Q2.2024				Q3.2024				Q4.2024				Q4.2023				YTD.2024				YTD.2023
Gain on sale of timberlands		$	—			$	—			$	—			$	—			$	(84	)		$	—			$	(84	)
Legal benefit		$	—			$	—			$	—			$	—			$	(25	)		$	—			$	(25	)

 

Selected Segment Items

 

in millions		Q1.2024				Q2.2024				Q3.2024				Q4.2024				Q4.2023				YTD.2024				YTD.2023
Total decrease (increase) in working capital(2)		$	8			$	32			$	—			$	(12	)		$	(45	)		$	28			$	5
Cash spent for capital expenditures(3)		$	(31	)		$	(21	)		$	(22	)		$	(31	)		$	(37	)		$	(105	)		$	(111	)

 

(2) Represents the change in prepaid assets, accounts receivable, accounts payable, accrued liabilities and log inventory for the Timberlands and Real Estate & ENR segments combined.

(3) Does not include cash spent for the acquisition of timberlands.

 

Segment Statistics(4)

 

			Q1.2024				Q2.2024				Q3.2024				Q4.2024				Q4.2023				YTD.2024				YTD.2023
Third Party		Delivered logs:
Net Sales		West	$	176			$	205			$	158			$	154			$	183			$	693			$	794
(millions)		South		151				153				149				150				158				603				643
		North		13				9				11				13				13				46				48
		Total delivered logs		340				367				318				317				354				1,342				1,485
		Stumpage and pay-as-cut timber		11				13				14				13				13				51				56
		Recreational and other lease revenue		19				19				19				20				20				77				74
		Other revenue		17				10				6				9				8				42				39
		Total	$	387			$	409			$	357			$	359			$	395			$	1,512			$	1,654
Delivered Logs		West	$	121.06			$	123.15			$	114.01			$	110.32			$	126.58			$	117.45			$	126.82
Third Party Sales		South	$	36.93			$	36.89			$	36.68			$	37.26			$	37.15			$	36.94			$	37.46
Realizations (per ton)		North	$	73.58			$	76.55			$	69.96			$	69.22			$	69.92			$	71.96			$	76.03
Delivered Logs		West		1,452				1,668				1,379				1,402				1,445				5,901				6,259
Third Party Sales		South		4,089				4,154				4,062				4,012				4,266				16,317				17,173
Volumes (tons, thousands)		North		175				118				160				184				179				637				629
Fee Harvest Volumes		West		2,214				2,355				2,184				2,149				2,079				8,902				8,753
(tons, thousands)		South		5,990				6,293				6,070				6,161				6,169				24,514				25,177
		North		239				190				247				264				259				940				942

(4) Western logs are primarily transacted in MBF but are converted to ton equivalents for external reporting purposes.

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Weyerhaeuser Company	Real Estate, Energy & Natural Resources Segment

Q4.2024 Analyst Package

Preliminary results (unaudited)

 

 

Segment Statement of Operations

 

in millions		Q1.2024				Q2.2024				Q3.2024				Q4.2024				Q4.2023				YTD.2024				YTD.2023
Net sales		$	107			$	109			$	89			$	86			$	77			$	391			$	363
Costs of sales			41				46				31				34				21				152				126
Gross margin			66				63				58				52				56				239				237
General and administrative expenses			6				8				6				6				6				26				26
Other operating (income) costs, net			—				(4	)			1				—				—				(3	)			—
Operating income and Net contribution to earnings		$	60			$	59			$	51			$	46			$	50			$	216			$	211

 

Adjusted Earnings before Interest, Tax, Depreciation, Depletion and Amortization(1)

 

in millions		Q1.2024				Q2.2024				Q3.2024				Q4.2024				Q4.2023				YTD.2024				YTD.2023
Operating income		$	60			$	59			$	51			$	46			$	50			$	216			$	211
Depreciation, depletion and amortization			3				4				3				3				4				13				16
Basis of real estate sold			31				39				23				27				13				120				93
Adjusted EBITDA(1)		$	94			$	102			$	77			$	76			$	67			$	349			$	320

 

(1) See definition of Adjusted EBITDA (a non-GAAP measure) on page 1.

 

Segment Statistics

 

			Q1.2024				Q2.2024				Q3.2024				Q4.2024				Q4.2023				YTD.2024				YTD.2023
Net Sales	Real Estate		$	83			$	78			$	59			$	60			$	39			$	280			$	237
(millions)	Energy and Natural Resources			24				31				30				26				38				111				126
	Total		$	107			$	109			$	89			$	86			$	77			$	391			$	363
Acres Sold	Real Estate			19,774				37,665				17,441				20,028				7,187				94,908				62,942
Price per Acre	Real Estate		$	3,629			$	2,062			$	2,808			$	2,806			$	4,202			$	2,682			$	3,494
Basis as a Percent of Real Estate Net Sales	Real Estate			37	%			50	%			39	%			45	%			33	%			43	%			39	%

 

 

 

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Weyerhaeuser Company	Wood Products Segment

Q4.2024 Analyst Package

Preliminary results (unaudited)

 

 

Segment Statement of Operations

 

in millions		Q1.2024				Q2.2024				Q3.2024				Q4.2024				Q4.2023				YTD.2024				YTD.2023
Net sales		$	1,302			$	1,421			$	1,235			$	1,263			$	1,302			$	5,221			$	5,657
Costs of sales			1,107				1,185				1,132				1,092				1,127				4,516				4,699
Gross margin			195				236				103				171				175				705				958
Selling expenses			21				22				21				21				21				85				84
General and administrative expenses			40				37				41				37				38				155				149
Other operating costs (income), net			6				(19	)			14				7				(3	)			8				16
Operating income and Net contribution to earnings		$	128			$	196			$	27			$	106			$	119			$	457			$	709

 

Adjusted Earnings before Interest, Tax, Depreciation, Depletion and Amortization(1)

 

in millions		Q1.2024				Q2.2024				Q3.2024				Q4.2024				Q4.2023				YTD.2024				YTD.2023
Operating income		$	128			$	196			$	27			$	106			$	119			$	457			$	709
Depreciation, depletion and amortization			56				54				54				55				54				219				210
Special items			—				(25	)			10				—				(14	)			(15	)			(14	)
Adjusted EBITDA(1)		$	184			$	225			$	91			$	161			$	159			$	661			$	905

 

(1) See definition of Adjusted EBITDA (a non-GAAP measure) on page 1.

 

Segment Special Items Included in Net Contribution to Earnings (Pretax)

 

in millions		Q1.2024				Q2.2024				Q3.2024				Q4.2024				Q4.2023				YTD.2024				YTD.2023
Insurance recovery		$	—			$	—			$	—			$	—			$	(14	)		$	—			$	(14	)
Product remediation recovery		$	—			$	(25	)		$	—			$	—			$	—			$	(25	)		$	—
Restructuring, impairments and other charges		$	—			$	—			$	10			$	—			$	—			$	10			$	—

 

Selected Segment Items

 

in millions		Q1.2024				Q2.2024				Q3.2024				Q4.2024				Q4.2023				YTD.2024				YTD.2023
Total (increase) decrease in working capital(2)		$	(174	)		$	34			$	79			$	26			$	61			$	(35	)		$	26
Cash spent for capital expenditures		$	(42	)		$	(63	)		$	(72	)		$	(117	)		$	(155	)		$	(294	)		$	(323	)

 

(2) Represents the change in prepaid assets, accounts receivable, accounts payable, accrued liabilities and inventory for the Wood Products segment.

 

Segment Statistics(3)

 

in millions, except for third party sales realizations			Q1.2024				Q2.2024				Q3.2024				Q4.2024				Q4.2023				YTD.2024				YTD.2023
Structural Lumber	Third party net sales		$	464			$	499			$	451			$	492			$	465			$	1,906			$	2,123
(volumes presented	Third party sales realizations		$	429			$	419			$	404			$	442			$	413			$	423			$	457
in board feet)	Third party sales volumes			1,080				1,190				1,116				1,114				1,125				4,500				4,649
	Production volumes			1,085				1,163				1,046				1,110				1,091				4,404				4,572
Oriented Strand	Third party net sales		$	255			$	288			$	206			$	230			$	237			$	979			$	944
Board	Third party sales realizations		$	359			$	407			$	305			$	321			$	344			$	348			$	330
(volumes presented	Third party sales volumes			710				708				675				717				688				2,810				2,864
in square feet 3/8")	Production volumes			735				744				683				758				721				2,920				2,933
Engineered Solid	Third party net sales		$	177			$	191			$	175			$	165			$	183			$	708			$	783
Section	Third party sales realizations		$	3,212			$	3,239			$	3,251			$	2,996			$	3,385			$	3,175			$	3,509
(volumes presented	Third party sales volumes			5.4				6.0				5.4				5.5				5.4				22.3				22.3
in cubic feet)	Production volumes			5.7				6.1				5.0				5.5				5.8				22.3				21.9
Engineered	Third party net sales		$	99			$	107			$	95			$	89			$	112			$	390			$	447
I-joists	Third party sales realizations		$	2,648			$	2,645			$	2,644			$	2,508			$	2,766			$	2,613			$	2,902
(volumes presented	Third party sales volumes			37				41				36				35				41				149				154
in lineal feet)	Production volumes			43				41				31				32				42				147				147
Softwood Plywood	Third party net sales		$	41			$	42			$	38			$	37			$	39			$	158			$	166
(volumes presented	Third party sales realizations		$	508			$	464			$	433			$	450			$	495			$	463			$	486
in square feet 3/8")	Third party sales volumes			81				90				88				83				79				342				342
	Production volumes			72				82				81				79				75				314				310
Medium Density	Third party net sales		$	39			$	42			$	42			$	36			$	35			$	159			$	155
Fiberboard	Third party sales realizations		$	1,183			$	1,186			$	1,173			$	1,163			$	1,191			$	1,177			$	1,272
(volumes presented	Third party sales volumes			33				36				35				31				29				135				122
in square feet 3/4")	Production volumes			34				34				37				33				31				138				132

 

(3) Third party net sales, third party sales realizations and third party sales volumes include sales of internally produced products and products purchased for resale primarily through our distribution business.

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Weyerhaeuser Company	Unallocated Items

Q4.2024 Analyst Package

Preliminary results (unaudited)

 

Unallocated items are gains or charges not related to, or allocated to, an individual operating segment. They include all or a portion of items such as share-based compensation, pension and post-employment costs, elimination of intersegment profit in inventory and LIFO, foreign exchange transaction gains and losses and interest income and other.

 

 

Net Charge to Earnings

 

in millions		Q1.2024				Q2.2024				Q3.2024				Q4.2024				Q4.2023				YTD.2024				YTD.2023
Unallocated corporate function and variable compensation expense		$	(38	)		$	(37	)		$	(32	)		$	(47	)		$	(35	)		$	(154	)		$	(127	)
Liability classified share-based compensation			(1	)			3				(2	)			2				(2	)			2				(2	)
Foreign exchange (loss) gain			(1	)			—				1				1				—				1				1
Elimination of intersegment profit in inventory and LIFO			(6	)			6				5				(1	)			3				4				11
Other, net			(26	)			(37	)			(29	)			(28	)			(43	)			(120	)			(105	)
Operating loss			(72	)			(65	)			(57	)			(73	)			(77	)			(267	)			(222	)
Non-operating pension and other post-employment benefit costs			(11	)			(10	)			(10	)			(11	)			(12	)			(42	)			(45	)
Interest income and other			16				12				14				10				22				52				76
Net charge to earnings		$	(67	)		$	(63	)		$	(53	)		$	(74	)		$	(67	)		$	(257	)		$	(191	)

 

Adjusted Earnings before Interest, Tax, Depreciation, Depletion and Amortization(1)

 

in millions		Q1.2024				Q2.2024				Q3.2024				Q4.2024				Q4.2023				YTD.2024				YTD.2023
Operating loss		$	(72	)		$	(65	)		$	(57	)		$	(73	)		$	(77	)		$	(267	)		$	(222	)
Depreciation, depletion and amortization			2				1				3				4				2				10				7
Special items			—				—				—				—				27				—				38
Adjusted EBITDA(1)		$	(70	)		$	(64	)		$	(54	)		$	(69	)		$	(48	)		$	(257	)		$	(177	)

 

(1) See definition of Adjusted EBITDA (a non-GAAP measure) on page 1.

 

Unallocated Special Items Included in Net Charge to Earnings (Pretax)

 

in millions		Q1.2024				Q2.2024				Q3.2024				Q4.2024				Q4.2023				YTD.2024				YTD.2023
Environmental remediation charge		$	—			$	—			$	—			$	—			$	—			$	—			$	11
Legal expense			—				—				—				—				27				—				27
Special items included in operating loss and net charge to earnings		$	—			$	—			$	—			$	—			$	27			$	—			$	38

 

Unallocated Selected Items

 

in millions		Q1.2024				Q2.2024				Q3.2024				Q4.2024				Q4.2023				YTD.2024				YTD.2023
Cash spent for capital expenditures		$	(6	)		$	(7	)		$	(3	)		$	(1	)		$	(4	)		$	(17	)		$	(13	)

 

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v3.24.4

Document and Entity Information	Jan. 30, 2025
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jan. 30, 2025
Entity Registrant Name	WEYERHAEUSER CO
Entity Central Index Key	0000106535
Entity Emerging Growth Company	false
Entity File Number	1-4825
Entity Incorporation State Country Code	WA
Entity Tax Identification Number	91-0470860
Entity Address, Address Line One	220 Occidental Avenue South
Entity Address, City Or Town	Seattle
Entity Address, State Or Province	WA
Entity Address, Postal Zip Code	98104-7800
City Area Code	206
Local Phone Number	539-3000
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Security 12b Title	Common Stock, par value $1.25 per share
Trading Symbol	WY
Security Exchange Name	NYSE

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