WEYERHAEUSER CO
For the period ended Sep 30, 2024. Filed Oct 25, 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.
Sep 30, 2024 · Filed Oct 25, 2024
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OTHER OPERATING COSTS, NET
NOTE 13: OTHER OPERATING COSTS, NET
Other operating costs, net were comprised of the following:
| QUARTER ENDED | YEAR-TO-DATE ENDED | |||
|---|---|---|---|---|
| DOLLAR AMOUNTS IN MILLIONS | SEPTEMBER 2024 | SEPTEMBER 2023 | SEPTEMBER 2024 | SEPTEMBER 2023 |
| Environmental remediation charges | $2 | $1 | $8 | $14 |
| Litigation expense, net | 12 | 9 | 30 | 11 |
| Product remediation recovery | — | — | (25) | — |
| Research and development expenses | 1 | 2 | 5 | 5 |
| Restructuring, impairments and other charges | 10 | — | 10 | — |
| Other, net | 3 | 8 | 13 | 20 |
| Total other operating costs, net | $28 | $20 | $41 | $50 |
Asset Impairment
During third quarter 2024, we recorded a $10 million noncash impairment charge related to the indefinite curtailment of our New Bern lumber mill. The loss was attributable to our Wood Products segment and was recorded within “Other operating costs, net” in our Consolidated Statement of Operations.
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