EXHIBIT 12
Weyerhaeuser Company and Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
For the thirty-nine week periods ended September 28, 2008 and September 30, 2007
(Dollar amounts in millions)
| THIRTY-NINE WEEKS ENDED | ||||||||
| SEPTEMBER 28, 2008 | SEPTEMBER 30, 2007 | |||||||
Available earnings: | ||||||||
Earnings (loss) from continuing operations before interest expense, amortization of debt expense and income taxes | $ | (832 | ) | $ | 213 | |||
Add: interest portion of rental expense | 33 | 31 | ||||||
Deduct: undistributed earnings of equity affiliates and minority interest in income of subsidiaries | 130 | (20 | ) | |||||
Available earnings (loss) | $ | (669 | ) | $ | 224 | |||
Fixed charges: | ||||||||
Interest expense incurred: | ||||||||
Weyerhaeuser Company and subsidiaries, excluding Weyerhaeuser Real Estate Company and other related subsidiaries | 379 | 433 | ||||||
Weyerhaeuser Real Estate Company and other related subsidiaries | 43 | 47 | ||||||
Subtotal | 422 | 480 | ||||||
Less: intercompany interest | (7 | ) | (3 | ) | ||||
Total interest expense incurred | 415 | 477 | ||||||
Amortization of debt expense | 5 | 7 | ||||||
Interest portion of rental expense | 33 | 31 | ||||||
Total fixed charges | $ | 453 | $ | 515 | ||||
Ratio of earnings to fixed charges | — | — | ||||||
Coverage deficiency | $ | 1,122 | $ | 291 | ||||
Weyerhaeuser Company with its Weyerhaeuser Real Estate Company and Other Related Subsidiaries
Accounted for on the Equity Method, but Excluding the Undistributed Earnings of Those Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
For the thirty-nine week period September 28, 2008 and September 30, 2007
(Dollar amounts in millions)
| THIRTY-NINE WEEKS ENDED | ||||||||
| SEPTEMBER 28, 2008 | SEPTEMBER 30, 2007 | |||||||
Available earnings: | ||||||||
Earnings (loss) from continuing operations before interest expense, amortization of debt expense and income taxes | $ | (861 | ) | $ | 180 | |||
Add: interest portion of rental expense | 26 | 24 | ||||||
Deduct: undistributed earnings of equity affiliates and minority interest in income of subsidiaries | 47 | 14 | ||||||
Deduct: undistributed earnings before income taxes of Weyerhaeuser Real Estate Company and other related subsidiaries | 727 | (182 | ) | |||||
Available earnings (loss) | $ | (61 | ) | $ | 36 | |||
Fixed charges: | ||||||||
Interest expense incurred | 379 | 433 | ||||||
Amortization of debt expense | 5 | 7 | ||||||
Interest portion of rental expense | 26 | 24 | ||||||
Total fixed charges | $ | 410 | $ | 464 | ||||
Ratio of earnings to fixed charges | — | — | ||||||
Coverage deficiency | $ | 471 | $ | 428 | ||||