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
Extracted filing text, with the paragraph anchors used by the comparison.
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REVENUE RECOGNITION
NOTE 3: REVENUE RECOGNITION
A reconciliation of revenue recognized by our major products:
| QUARTER ENDED | YEAR-TO-DATE ENDED | |||
|---|---|---|---|---|
| DOLLAR AMOUNTS IN MILLIONS | JUNE 2024 | JUNE 2023 | JUNE 2024 | JUNE 2023 |
| Net sales to unaffiliated customers: | ||||
| Timberlands segment | ||||
| Delivered logs: | ||||
| West | ||||
| Domestic sales | $97 | $101 | $191 | $194 |
| Export grade sales | 108 | 105 | 190 | 241 |
| Subtotal West | 205 | 206 | 381 | 435 |
| South | 153 | 162 | 304 | 330 |
| North | 9 | 7 | 22 | 24 |
| Subtotal delivered logs sales | 367 | 375 | 707 | 789 |
| Stumpage and pay-as-cut timber | 13 | 15 | 24 | 31 |
| Recreational and other lease revenue | 19 | 17 | 38 | 35 |
| Other(1) | 10 | 10 | 27 | 24 |
| Net sales attributable to Timberlands segment | 409 | 417 | 796 | 879 |
| Real Estate & ENR segment | ||||
| Real estate | 78 | 47 | 161 | 119 |
| Energy and natural resources | 31 | 33 | 55 | 62 |
| Net sales attributable to Real Estate & ENR segment | 109 | 80 | 216 | 181 |
| Wood Products segment | ||||
| Structural lumber | 499 | 573 | 963 | 1,088 |
| Oriented strand board | 288 | 215 | 543 | 423 |
| Engineered solid section | 191 | 215 | 368 | 384 |
| Engineered I-joists | 107 | 126 | 206 | 213 |
| Softwood plywood | 42 | 44 | 83 | 85 |
| Medium density fiberboard | 42 | 42 | 81 | 80 |
| Complementary building products | 176 | 204 | 317 | 367 |
| Other(2) | 76 | 81 | 162 | 178 |
| Net sales attributable to Wood Products segment | 1,421 | 1,500 | 2,723 | 2,818 |
| Total net sales | $1,939 | $1,997 | $3,735 | $3,878 |
(1)
Other Timberlands sales include sales of seeds and seedlings from our nursery operations as well as wood chips.
(2)
Other Wood Products sales include wood chips, other byproducts and third-party residual log sales from our Canadian Forestlands operations.
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