3065 2008 Q1.ppt  • 5/02/2008•  6
Reconciliation to GAAP
Chart 3
(35)
(85)
(0.17)
(0.40)
Impairments and Reserves for Real Estate Assets
(11)
0
(0.05)
0.00
Legal Reserves / Contract Terminations
(11)
0
(0.05)
0.00
Environmental Reserve Adjustment
(40)
(79)
(0.19)
(0.37)
Closures, Restructuring and Impairment of
Weyerhaeuser Assets
0
(7)
0.00
(0.03)
Casualty Loss / Storm Damage
0
27
0.00
0.12
Net Gain on Sale of Assets and Operations
0
(22)
0.00
(0.10)
Tax True-Up for Domtar Transaction
Net Earnings
Diluted EPS
$ Millions except EPS
($63)
13
$90
Q4
2007               2008
($148)
0
($51)
Q1
($0.30)
0.06
$0.42
Q4
2007                  2008
($0.70)
0.00
($0.24)
Q1
Diluted EPS / Net Earnings (GAAP)
Tax Rate / Law Changes
Diluted EPS / Net Earnings before Special Items