Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - WEYERHAEUSER CO | wy-123115xex32.htm |
| 10-K - 10-K - WEYERHAEUSER CO | wy-123115x10k.htm |
| EX-21 - EXHIBIT 21 - WEYERHAEUSER CO | wy-123115xex21.htm |
| EX-23 - EXHIBIT 23 - WEYERHAEUSER CO | wy-123115xex23.htm |
| EX-31 - EXHIBIT 31 - WEYERHAEUSER CO | wy-123115xex31.htm |
| EX-10.(V) - EXHIBIT 10.(V) - WEYERHAEUSER CO | wy-123115xex10v.htm |
| EX-10.(W) - EXHIBIT 10.(W) - WEYERHAEUSER CO | wy-123115xex10w.htm |
| EX-10.(P) - EXHIBIT 10.(P) - WEYERHAEUSER CO | wy-123115xex10p.htm |
| EX-10.(Q) - EXHIBIT 10.(Q) - WEYERHAEUSER CO | wy-123115xex10q.htm |
EXHIBIT 12
WEYERHAEUSER COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND
COMPUTATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS
DOLLAR AMOUNTS IN MILLIONS | |||||||||||||||
Year Ended | |||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||
Available earnings: | |||||||||||||||
Earnings from continuing operations before interest expense, amortization of debt expense and income taxes | $ | 850 | $ | 1,357 | $ | 689 | $ | 667 | $ | 573 | |||||
Add: interest portion of rental expense | 10 | 10 | 13 | 12 | 13 | ||||||||||
Add (deduct): undistributed losses (earnings) of equity affiliates and noncontrolling interest in income of subsidiaries | 105 | 5 | (7 | ) | (1 | ) | 3 | ||||||||
Available earnings | $ | 965 | $ | 1,372 | $ | 695 | $ | 678 | $ | 589 | |||||
Fixed charges: | |||||||||||||||
Interest expense incurred | 348 | 351 | 343 | 347 | 362 | ||||||||||
Amortization of debt expense | 5 | 6 | 7 | 6 | 7 | ||||||||||
Interest portion of rental expense | 10 | 10 | 13 | 12 | 13 | ||||||||||
Total fixed charges | 363 | 367 | 363 | 365 | 382 | ||||||||||
Dividends on preference shares(1) | 44 | 54 | 23 | — | — | ||||||||||
Total fixed charges and preference dividends | $ | 407 | $ | 421 | $ | 386 | $ | 365 | $ | 382 | |||||
Ratio of earnings to fixed charges | 2.66 | 3.74 | 1.91 | 1.86 | 1.54 | ||||||||||
Ratio of earnings to combined fixed charges and preference dividends | 2.37 | 3.26 | 1.80 | 1.86 | 1.54 | ||||||||||
(1) The preference security dividend has been calculated without adjustment for income taxes as a result of the negative effective tax rate in 2013. | |||||||||||||||