| |
| |
Note
8. Property and Equipment |
|
|
|
Dollar
amounts in millions |
|
December
27, 1998
|
December
28, 1997
|
|
| |
|
|
|
|
|
|
|
| Property
and equipment, at cost: |
|
|
|
|
|
|
| |
Land |
|
$
157
|
|
$
158
|
|
|
| |
Buildings
and improvements |
|
1,667
|
|
1,721
|
|
|
| |
Machinery
and equipment |
|
9,732
|
|
9,954
|
|
|
| |
Rail
and truck roads |
|
555
|
|
550
|
|
|
| |
Other
|
|
111
|
|
97
|
|
|
| |
|
|
12,222
|
|
12,480
|
|
|
| |
Less
allowance for depreciation and amortization |
|
5,530
|
|
5,489
|
|
|
| |
|
|
$
6,692
|
|
$
6,991
|
|
|
| |
|
|
|
|
|
|
|
| Note
9. Real Estate in Process of Development and for Sale |
| Properties
held by the company's real
estate and related assets
segment include: |
| |
|
|
|
|
|
|
|
|
Dollar
amounts in millions |
|
December
27, 1998
|
December
28, 1997
|
|
| |
|
|
|
|
|
|
|
| |
Dwelling
units |
|
$
180
|
|
$
207
|
|
|
| |
Residential
lots |
|
237
|
|
223
|
|
|
| |
Commercial
lots |
|
120
|
|
79
|
|
|
| |
Commercial
projects |
|
27
|
|
56
|
|
|
| |
Acreage |
|
19
|
|
27
|
|
|
| |
Other
inventories |
|
1
|
|
1
|
|
|
| |
|
|
$
584
|
|
$
593
|
|
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| Note
10. Accrued
Liabilities |
| |
|
|
|
|
|
|
|
|
Dollar
amounts in millions |
|
December
27, 1998
|
December
28, 1997
|
|
| |
|
|
|
|
|
|
|
| |
Payroll
wages and salaries, incentive awards, retirement and vacation
pay |
|
$
305
|
|
$
268
|
|
|
| |
Taxes
Social Security and real and personal property |
|
46
|
|
53
|
|
|
| |
Interest |
|
87
|
|
91
|
|
|
| |
Income
taxes |
|
16
|
|
42
|
|
|
| |
Other |
|
253
|
|
194
|
|
|
| |
|
|
$
707
|
|
$
648
|
|
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |
Note 11. Short-term
Debt
BORROWINGS
Real
estate and related assets segment short-term borrowings were $564
million with a weighted average interest rate of 5.5 percent at December
27, 1998, and $228 million with a weighted average interest rate of 5.7
percent at December 28, 1997.
LINES
OF CREDIT
The company has short-term bank credit lines that provide
for borrowings of up to the total amount of $650 million and $425 million,
all of which could be availed of by the company and Weyerhaeuser Real
Estate Company (WRECO) at December 27, 1998, and December 28, 1997, respectively.
No portions of these lines have been availed of by the company or WRECO
at December 27, 1998, or December 28, 1997. None of the entities referred
to herein is a guarantor of the borrowings of the others.
|
|
