| |
| |
|
PULP,
PAPER AND PACKAGING (table) |
|
| |
| |
|
|
|
|
|
|
|
|
| |
Dollar
amounts in millions |
1998
|
1997
|
1996
|
1995
|
1994
|
|
| |
Sales
to unaffiliated customers:
|
|
|
|
|
|
|
| |
|
Pulp
|
$
935
|
$
986
|
$
954
|
$
1,616
|
$
1,012
|
|
| |
|
Paper |
869
|
842
|
803
|
1,001
|
664
|
|
| |
|
Paperboard
and containerboard |
298
|
301
|
281
|
325
|
240
|
|
| |
|
Packaging
|
1,894
|
1,781
|
1,921
|
1,863
|
1,495
|
|
| |
|
Newsprint(1) |
37
|
416
|
451
|
508
|
356
|
|
| |
|
Recycling |
191
|
189
|
140
|
266
|
121
|
|
| |
|
Other
products |
88
|
94
|
98
|
103
|
178
|
|
| |
| |
|
|
$
4,312
|
$
4,609
|
$
4,648
|
$
5,682
|
$
4,066
|
|
| |
Approximate
contributions to earnings(2)(3) |
$
150
|
$
164
|
$
307
|
$
1,181
|
$
211
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
| |
|
(1)As
of February 1998, the company's ownership in its newsprint subsidiary
changed from 80 percent to 50 percent; therefore, these results
reflect one month's sales. |
| |
|
(2)After
nonrecurring charges of $42 million associated with the closure
of the Longview, Washington, chlor-alkali facility and streamlining
pulp and paper operations in 1998. |
| |
|
(3)After
the gain of $21 million on the sale of Saskatoon Chemicals,
Ltd., and charges totaling $49 million for the closure of a
corrugated medium machine and the restructuring of the recycling
business in 1997. |
| |
|
|
|
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|
|
|
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|
REAL
ESTATE AND RELATED ASSETS |
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| |
|
The company,
through its subsidiary, Weyerhaeuser Real Estate Company (WRECO),
is engaged in developing single-family housing and residential lots
for sale, including development of master-planned communities. Operations
are concentrated mainly in selected metropolitan areas in Southern
California, Nevada, Washington, Texas, Maryland and Virginia.
|
|
| |
|
|
|
| |
| |
|
|
|
|
|
|
|
|
| |
Dollar
amounts in millions |
1998
|
1997
|
1996
|
1995
|
1994
|
|
| |
Sales
to unaffiliated customers:
|
|
|
|
|
|
|
| |
|
Single-family
units |
$
834
|
$
688
|
$
573
|
$
563
|
$
686
|
|
| |
|
Multi-family
units |
36
|
29
|
12
|
--
|
26
|
|
| |
|
Residential
lots |
103
|
91
|
76
|
60
|
65
|
|
| |
|
Commercial
lots |
23
|
57
|
50
|
29
|
7
|
|
| |
|
Commercial
buildings |
100
|
68
|
43
|
4
|
35
|
|
| |
|
Acreage |
36
|
41
|
25
|
36
|
20
|
|
| |
|
Interest(1) |
18
|
35
|
70
|
76
|
84
|
|
| |
|
Loan
origination and servicing fees(1) |
--
|
35
|
100
|
84
|
88
|
|
| |
|
Other |
42
|
49
|
60
|
67
|
106
|
|
| |
| |
|
|
$
1,192
|
$
1,093
|
$
1,009
|
$
919
|
$
1,117
|
|
| |
|
Approximate
contributions to earnings(2) |
$
124
|
$
111
|
$
43
|
$
(277)
|
$
18
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
| |
|
(1)Interest
and loan origination and servicing fees relate principally to
the company's operations in financial services through its subsidiary,
Weyerhaeuser Mortgage Company, which was sold in the second
quarter of 1997. |
| |
|
(2)After
a $45 million gain on the sale of Weyerhaeuser Mortgage Company
in 1997 and a charge of $290 million to dispose of certain
real estate assets in 1995.
|
| |
|
|
|
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|
|
|
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|
CORPORATE
AND OTHER |
|
| |
|
Corporate
and other includes marine transportation and general corporate Expense.
|
|
| |
| |
|
|
|
|
|
|
|
|
|
Dollar
amounts in millions |
1998
|
1997
|
1996
|
1995
|
1994
|
|
| |
Sales
to unaffiliated customers:
|
$
151
|
$
134
|
$
217
|
$ 256
|
$ 223
|
|
| |
|
Approximate
contributions to earnings(1)(2)
|
$
(225)
|
$
(186)
|
$
(183)
|
$
(217)
|
$
(142)
|
|
| |
|
|
|
|
|
|
|
|
| |
|
(1)
After nonrecurring charges of $4 million for streamlining
corporate operations in 1998.
|
| |
|
(2)
After a $10 million gain, which is the net effect of interest
income from a favorable federal income tax decision and the
loss incurred in the sale of Shemin Nurseries in 1997.
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