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WEYERHAEUSER CO

For the period ended Jun 30, 2024. Filed Jul 26, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Jul 26, 2024

WY$20.98-3.0%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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BUSINESS SEGMENTS

NOTE 2: BUSINESS SEGMENTS

We are principally engaged in growing and harvesting timber; maximizing the value of our acreage through the sale of higher and better use (HBU) properties; monetizing the value of surface and subsurface assets through leases and royalties; and manufacturing, distributing and selling products made from trees. Our business segments are organized based primarily on products and services which include:

Timberlands – Logs, timber, recreational leases and other products;

Real Estate, Energy and Natural Resources (Real Estate & ENR) – Real Estate (sales of timberlands) and ENR (rights to explore for and extract hard minerals, construction materials, natural gas production and wind and solar) and

Wood Products – Structural lumber, oriented strand board, engineered wood products and building materials distribution.

A reconciliation of our business segment information to the respective information in the Consolidated Statement of Operations is as follows:

QUARTER ENDEDYEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONSJUNE 2024JUNE 2023JUNE 2024JUNE 2023
Sales to unaffiliated customers:
Timberlands$409$417$796$879
Real Estate & ENR10980216181
Wood Products1,4211,5002,7232,818
1,9391,9973,7353,878
Intersegment sales:
Timberlands146150280292
Total sales2,0852,1474,0154,170
Intersegment eliminations(146)(150)(280)(292)
Total$1,939$1,997$3,735$3,878
Net contribution (charge) to earnings:
Timberlands$81$104$161$224
Real Estate & ENR5952119105
Wood Products196218324313
336374604642
Unallocated items(1)(63)(49)(130)(78)
Net contribution to earnings273325474564
Interest expense, net of capitalized interest(67)(70)(134)(136)
Earnings before income taxes206255340428
Income taxes(33)(25)(53)(47)
Net earnings$173$230$287$381

(1)

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, interest income and other.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.