WEYERHAEUSER CO
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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FY2024 · Filed Feb 14, 2025
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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 31,2024 | December 31,2023 | |
| LIFO inventories: | ||
| Logs | $23 | $29 |
| Lumber, plywood, oriented strand board and fiberboard | 82 | 77 |
| Other products | 14 | 12 |
| Moving average cost or FIFO inventories: | ||
| Logs | 55 | 49 |
| Lumber, plywood, oriented strand board, fiberboard and engineered wood products | 130 | 115 |
| Other products | 147 | 134 |
| Materials and supplies | 156 | 150 |
| Total | $607 | $566 |
If we used FIFO for all LIFO inventories, our stated inventories would have been higher by$115 million as of December 31, 2024 and $115 million as of December 31, 2023.
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 >2024 ANNUAL REPORT AND FORM 10-K 78
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