WEYERHAEUSER CO
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
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INVENTORIES
NOTE 6: INVENTORIES
Inventories include raw materials, work-in-process and finished goods as well as materials and supplies, as shown below:
| DOLLAR AMOUNTS IN MILLIONS | ||
|---|---|---|
| DECEMBER 31, 2023 | DECEMBER 31, 2022 | |
| LIFO inventories: | ||
| Logs | $29 | $32 |
| Lumber, plywood, oriented strand board and fiberboard | 77 | 61 |
| Other products | 12 | 9 |
| Moving average cost or FIFO inventories: | ||
| Logs | 49 | 56 |
| Lumber, plywood, oriented strand board, fiberboard and engineered wood products | 115 | 122 |
| Other products | 134 | 140 |
| Materials and supplies | 150 | 130 |
| Total | $566 | $550 |
If we used FIFO for all LIFO inventories, our stated inventories would have been higher by$115 million as of December 31, 2023 and $129 million as of December 31, 2022.
HOW WE ACCOUNT FOR OUR INVENTORIES
The “Inventories” section of Note 1: Summary of Significant Accounting Policies provides details about how we account for our inventories.
WEYERHAEUSER COMPANY >2023 ANNUAL REPORT AND FORM 10-K 76
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