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weyerhaeuser 1998 Annual Report
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CONSOLIDATED STATEMENT OF SHAREHOLDERS' INTERENST

For the three-year period ended December 27, 1998
Dollar amounts in millions Total income Total income Total income


 
1998
1997
1996
 
     
Total
Comprehensive
income
Total
Comprehensive
income
Total
Comprehensive
income
 
   
Common stock issued:
  Balance at end of year
$ 258
$ 258
$ 258
Other capital:
  Balance at beginning of year
407
407
415
  Stock options exercised
(1)
(11)
(8)
  Other transactions (net)
10
11
--
  Balance at end of year
416
407
407
Retained earnings:
  Balance at beginning of year

4,397

4,372
4,226
 

Net earnings

294
$ 294
342
$ 342
463
$ 463
 

Cash dividends on common shares

(319)
(317)
(317)
 

Balance at end of year

4,372
4,397
4,372

Cumulative other comprehensive expense:

  Balance at beginning of year

(123)

(93)
(90)
  Other comprehensive expense            
  Foreign currency translation adjustments
(90)
(44)
(4)
  Income tax benefit on foreign currency translation adjustments
13
14
1
  Excess additional pension liability
(13)
  Income tax benefit on excess additional pension liability  
5
       
  Net other comprehensive expense
(85)
(85)
(30)
(30)
(3)
(3)
  Comprehensive income
209
312
460
  Balance at end of year
(208)
(123)
(93)
Common stock held in treasury:
  Balance at beginning of year
(290)
(340)
(323)
  Purchase of treasury common shares
(42)
(22)
(45)
 

Stock options exercised

20
72
28
 

Balance at end of year

(312)
(290)
(340)

Total shareholders' interest:

    

Balance at end of year

$ 4,526
$ 4,649
$ 4,604
   
   
   
           
     
1998
1997
1996
  Shares of common stock (in thousands):
       Issued at end of year
206,073
206,073
206,073
  In treasury:
    Balance at beginning of year
6,587
7,737
7,303
    Purchase of treasury common shares
925
496
1,086
    Stock options exercised
(448)
(1,646)
(642)
    Used in acquisition of capital assets
--
--
(10)
    Balance at end of year
7,064
6,587
7,737
    Outstanding at end of year
199,009
199,486
198,336
           
    See notes on pages 57 through 73.