EXHIBIT 12
Weyerhaeuser Company and Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
For the year-to-date periods ended September 30, 2010 and September 30, 2009
(Dollar amounts in millions)
| YEAR-TO-DATE ENDED | ||||||||
| SEPTEMBER 30, 2010 | SEPTEMBER 30, 2009 | |||||||
Available earnings (loss): | ||||||||
Earnings (loss) before interest expense, amortization of debt expense and income taxes | $ | 461 | $ | (191 | ) | |||
Add: interest portion of rental expense | 22 | 30 | ||||||
Deduct: undistributed (earnings) loss of equity affiliates and income attributable to noncontrolling interests in subsidiaries | (29 | ) | 38 | |||||
Available earnings (loss) | $ | 454 | $ | (123 | ) | |||
Fixed charges: | ||||||||
Interest expense incurred: | ||||||||
Weyerhaeuser Company and subsidiaries, excluding Weyerhaeuser Real Estate Company and other related subsidiaries | $ | 304 | $ | 317 | ||||
Weyerhaeuser Real Estate Company and other related subsidiaries | 21 | 26 | ||||||
Subtotal | 325 | 343 | ||||||
Less: intercompany interest | (3 | ) | (4 | ) | ||||
Total interest expense incurred | 322 | 339 | ||||||
Amortization of debt expense | 5 | 5 | ||||||
Interest portion of rental expense | 22 | 30 | ||||||
Total fixed charges | $ | 349 | $ | 374 | ||||
Ratio of earnings to fixed charges | 1.30 | — | ||||||
Coverage deficiency | $ | — | $ | 497 | ||||
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 year-to-date periods ended September 30, 2010 and September 30, 2009
(Dollar amounts in millions)
| YEAR-TO-DATE ENDED | ||||||||
| SEPTEMBER 30, 2010 | SEPTEMBER 30, 2009 | |||||||
Available earnings: | ||||||||
Earnings (loss) before interest expense, amortization of debt expense and income taxes | $ | 439 | $ | (225 | ) | |||
Add: interest portion of rental expense | 19 | 25 | ||||||
Deduct: undistributed loss of equity affiliates and attributable to noncontrolling interests in subsidiaries | 9 | 8 | ||||||
Deduct: undistributed (earnings) loss before income taxes of Weyerhaeuser Real Estate Company and other related subsidiaries | (76 | ) | 211 | |||||
Available earnings | $ | 391 | $ | 19 | ||||
Fixed charges: | ||||||||
Interest expense incurred | $ | 304 | $ | 317 | ||||
Amortization of debt expense | 5 | 5 | ||||||
Interest portion of rental expense | 19 | 25 | ||||||
Total fixed charges | $ | 328 | $ | 347 | ||||
Ratio of earnings to fixed charges | 1.19 | — | ||||||
Coverage deficiency | $ | — | $ | 328 | ||||