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
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INVENTORIES
NOTE 5: INVENTORIES
Inventories include raw materials, work-in-process and finished goods, as well as materials and supplies.
| DOLLAR AMOUNTS IN MILLIONS | JUNE 30,2024 | DECEMBER 31,2023 |
|---|---|---|
| LIFO inventories: | ||
| Logs | $16 | $29 |
| Lumber, plywood, oriented strand board and fiberboard | 90 | 77 |
| Other products | 13 | 12 |
| Moving average cost or FIFO inventories: | ||
| Logs | 49 | 49 |
| Lumber, plywood, oriented strand board, fiberboard and engineered wood products | 143 | 115 |
| Other products | 144 | 134 |
| Materials and supplies | 159 | 150 |
| Total | $614 | $566 |
LIFO – the last-in, first-out method – applies to major inventory products held at our U.S. locations. The moving average cost method or FIFO – the first-in, first-out method – applies to the balance of our U.S. raw material and product inventories, all material and supply inventories and all foreign inventories.
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