Note 12. Long-term Debt       DEBT           Weyerhaeuser long-term debt, including the current portion, is as follows:                 Dollar amounts in millions   December 27, 1998 December 28, 1997     8.375% debentures due 2007   $ 150 $ 150       7.50% debentures due 2013   250 250       7.25% debentures due 2013   250 250       7.125% debentures due 2023   250 250       9.05% notes due 2003   200 200       8.50% debentures due 2025   300 300       7.95% debentures due 2025   250 250       6.95% debentures due 2017   300 300       6.95% debentures due 2027   300 300       Industrial revenue bonds, rates from 2.5% (variable) to 9.85% (fixed), due 1999­2028   779 784       Medium-term notes, rates from 6.43% to 8.91%, due 1999­2005   246 246       Commercial paper/credit agreements   192 194       Other   18 26           $ 3,485 $ 3,500                 Portion due within one year   $ 88 $ 17                           Long-term debt maturities are (millions):       1999   $ 88       2000   100       2001   81       2002   199       2003   210       Thereafter   2,807                 Real estate and related assets segment long-term debt, including the current portion, is as follows: Dollar amounts in millions   December 27, 1998 December 28, 1997     Notes payable, unsecured; weighted average interest rates are approximately 6.9% and 7%   $ 531 $ 652       Bank and other borrowings, unsecured; weighted average interest rates are approximately 5.5% and 5.9%   100 250       Notes payable, secured; weighted average interest rates are approximately 8.4% and 8.2%   13 30       Collateralized mortgage obligation bonds   57 100           $ 701 $ 1,032                 Portion due within one year   $ 121 $ 350               Long-term debt maturities are (millions):         1999   $ 121       2000   127       2001   262       2002   80       2003   78       Thereafter   33

The company's lines of credit include a five-year revolving credit facility agreement entered into in 1997 with a group of banks that provides for borrowings of up to the total amount of $400 million, all of which is available to the company. Borrowings are at LIBOR plus a spread or other such interest rates mutually agreed to between the borrower and lending banks.

Weyerhaeuser Financial Services, Inc. (WFS), a wholly owned subsidiary, paid down a revolving credit facility agreement effective June 1998. $75 million was outstanding under this facility at December 28, 1997. WFS has negotiated a new set of term credit facility agreements with a group of banks that provide for borrowings of up to $175 million. At December 27, 1998, $100 million had been drawn and is outstanding. >