Weyerhaeuser (WY) 10-Q 2017 Q3 Quarterly report

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

For the years-to-date ended September 30, 2017, and 2016

(Dollar amounts in millions)

	YEAR-TO-DATE ENDED
	SEPTEMBER 2017		SEPTEMBER 2016
Available earnings:
Earnings from continuing operations before interest expense, amortization of debt expense and income taxes	$	638	$	745
Add: interest portion of rental expense	13		13
Add: distributed income of equity affiliates	1		39
Add: undistributed (income) losses of equity affiliates and income attributable to noncontrolling interests in subsidiaries	—		(20		)
Available earnings	$	652	$	777
Fixed charges:
Interest expense and other financial charges	$	303	$	333
Interest portion of rental expense	13		13
Total fixed charges	316		346
Dividends on preference shares (pretax)	—		26
Total fixed charges and preference dividends	$	316	$	372
Ratio of earnings to fixed charges	2.06		2.25
Ratio of earnings to combined fixed charges and preference dividends	2.06		2.09