Weyerhaeuser (WY) risk factors, FY2025 10-K

Weyerhaeuser's FY2025 10-K, filed Feb 13, 2026, lists 168 risk factors. Against the prior year's 155: 31 new, 18 dropped, 86 substantially reworded.

Open WY in Gloom →
Weyerhaeuser's chart, financials and news, free in your browser.Open WY in Gloom →
Risk factors listed
1680 groups
New this year
31vs 155 last year
Dropped
18since the prior 10-K
Substantially reworded
86of those kept
Section length
31k wordsItem 1A

What the changes say

  • The company completed its $1 billion 2021 share repurchase program and authorized a new $1 billion program in May 2025.
  • Long-term debt increased by $496 million in 2025 due to new term loan issuances.
  • A $145 million noncash pension settlement charge impacted 2025 net earnings.

What changed since the prior 10-K

New

  • New

    During second quarter 2025, we completed the $1 billion purchase authorization under the share repurchase program approved by the board in

    The company completed its $1 billion 2021 share repurchase program and launched a new $1 billion program in May 2025, with $938 million remaining authorized at year-end.

  • New

    a $10 million decrease in noncash impairment charges

    Net earnings decreased by $72 million due to higher non-operating benefit costs, including a $145 million noncash pension settlement charge.

  • New

    a $12 million increase in unallocated corporate function and variable compensation expense

    Net interest expense rose to $273 million in 2025, driven by debt extinguishment costs and increased outstanding debt.

  • New

    We are required to pay corporate income taxes on earnings of our TRSs, which include our Wood Products segment and portions of our Timberlands and Real Estate & ENR segments' earnings. Our provision for income taxes is primarily driven by earnings generated by our TRSs

    Tax provisions are driven by earnings from taxable REIT subsidiaries including the Wood Products segment.

  • New

    $31 million expense in 2024

    Income tax expense shifted to a $64 million benefit in 2025 due to lower TRS earnings and a $34 million tax benefit from the pension settlement.

  • New

    Pension Contributions and Benefit Payments Made and Expected

    Pension contributions totaled $219 million in 2025, including a $200 million voluntary contribution to the U.S. qualified pension plan.

  • New

    $5,076 million as of December 31, 2024

    Long-term debt increased by $496 million in 2025 following the issuance of new senior unsecured term loans and resource recovery revenue bonds.

  • New

    the November 2025 loan of $102 million related to resource recovery revenue bonds

    Debt issuances were partially offset by the repayment of senior notes, debentures, and partial debt repurchases.

  • New

    INTEREST RATE SWAP HEDGING RELATIONSHIP

    The company entered into $800 million of interest rate swaps to convert variable-rate term loan debt into fixed-rate payments.

  • New

    The decrease in dividends paid is primarily due to a supplemental dividend of $0.14 per share based on 2023 financial results for a total of $102 million paid in first quarter 2024

    Cash dividends paid decreased to $606 million in 2025 due to the absence of a supplemental dividend paid in 2024.

  • New

    Operating income (loss) for Unallocated Items includes pretax special items consisting of an $18 million noncash environmental remediation charge and a $26 million insurance recovery

    Operating income was impacted by an $18 million environmental remediation charge and a $10 million impairment at the New Bern lumber mill.

  • New

    Net earnings before special items

    Net earnings per share were adjusted for special items including timberland sales gains, environmental charges, and pension settlement costs.

  • New

    As of December 31, 2025, the weighted average interest rate for our variable-rate debt was 5.05%, excluding estimated patronage refunds and the impact of interest rate swaps

  • New

    PRINCETON LUMBER MILL DIVESTITURE

  • New

    We record all derivative instruments on our Consolidated Balance Sheet at fair value. We are allowed to net settle transactions with respective counterparties for certain derivative instruments; however, we have not offset derivative asset and liability balances on our Consolidated Balance Sheet

  • New

    Refer to Note 8: Pension and Other Post-Employment Benefit Plans for information about the assets held within our pension plans and their related valuation methods

  • New

    GEORGIA AND ALABAMA DIVESTITURE

  • New

    NORTH CAROLINA AND VIRGINIA ACQUISITION

  • New

    Established funding standards govern the funding requirements for our qualified and registered pension plans. We fund the benefit payments of our nonqualified and nonregistered plans as benefit payments come due

  • New

    OUR COMMERCIAL PAPER PROGRAM

  • New

    DEBT ISSUED AND EXTINGUISHED

  • New

    Foreign Currency Hedging Relationship

  • New

    Kalamazoo River Site Remediation

  • New

    Port of Everett Site Remediation

  • New

    During fourth quarter 2025, we recorded an $18 million noncash environmental remediation charge. This charge was attributable to our Unallocated segment and was recorded within "Other operating costs, net" in our Consolidated Statement of Operations

  • New

    During third quarter 2025, we received a $26 million insurance recovery. This recovery was attributable to our Unallocated segment and was recorded within "Other operating costs, net" in our Consolidated Statement of Operations

  • New

    NOTE 20: PRINCETON LUMBER MILL DIVESTITURE

  • New

    Total cash, cash equivalents and restricted cash

  • New

    The following disclosures are provided in compliance with Item 5.02(e) of Form 8-K

  • New

    In accordance with Item 9.01(d) of Form 8-K, a copy of the Weyerhaeuser Company Amended and Restated Annual Incentive Plan for Salaried Employees, as amended and restated effective as of February 13, 2026, is filed as Exhibit 10(u) to this annual report on Form 10-K

  • New

    INSIDER TRADING ARRANGEMENTS

Dropped

  • Dropped

    Common - capital gain distribution

  • Dropped

    PENSION AND OTHER POST-EMPLOYMENT BENEFIT PLANS

  • Dropped

    OTHER OPERATING COSTS, NET

  • Dropped

    WEYERHAEUSER COMPANY > 2024 ANNUAL REPORT AND FORM 10-K 82

  • Dropped

    During 2024, we made contributions and/or benefit payments of $10 million for our U.S. nonqualified pension plans, $2 million for our Canadian nonregistered pension plans and less than $1 million for our Canadian registered plans

  • Dropped

    Over the course of 2023, we refinanced approximately $1 billion of debt

  • Dropped

    In May 2023, we completed an offering of debt securities by issuing $750 million of 4.750 percent notes due in May 2026. The net proceeds after deducting the discount, underwriting fees and issuance costs were $743 million

  • Dropped

    WEYERHAEUSER COMPANY > 2024 ANNUAL REPORT AND FORM 10-K 88

  • Dropped

    SHARE REPURCHASE PROGRAMS

  • Dropped

    WEYERHAEUSER COMPANY > 2024 ANNUAL REPORT AND FORM 10-K 92

  • Dropped

    WEYERHAEUSER COMPANY > 2024 ANNUAL REPORT AND FORM 10-K 94

    Disclosures regarding capital gain distributions and TRS tax provisions.

  • Dropped

    During third quarter 2024, we recorded a $10 million noncash impairment charge related to the indefinite curtailment of our New Bern lumber mill. The loss was attributable to our Wood Products segment and was recorded within "Other operating costs, net" in our Consolidated Statement of Operations

  • Dropped

    ENVIRONMENTAL REMEDIATION

  • Dropped

    WEYERHAEUSER COMPANY > 2024 ANNUAL REPORT AND FORM 10-K 99

  • Dropped

    During fourth quarter 2024, one of the company's "officers" (as that term is defined in Rule 16a-1(f) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) adopted a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act

  • Dropped

    EXECUTIVE AND DIRECTOR COMPENSATION

  • Dropped

    WEYERHAEUSER COMPANY > 2024 ANNUAL REPORT AND FORM 10-K 105

  • Dropped

    WEYERHAEUSER COMPANY > 2024 ANNUAL REPORT AND FORM 10-K 106

Reworded

  • 100% rewritten

    performance and liquidity measures

    Replaced Adjusted EBITDA definition with a cross-reference to the 2024 Form 10-K MD&A section.

  • 100% rewritten

    WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 45

    Replaced prior tax expense figures with a detailed discussion on inflation impact, citing the Consumer Price Index rate of 2.7 percent as of December 2025.

    Was: WEYERHAEUSER COMPANY > 2024 ANNUAL REPORT AND FORM 10-K 51

  • 100% rewritten

    PERFORMANCE AND LIQUIDITY MEASURES

    Replaced the 2022 MD&A cross-reference with the standard definition and explanation of Adjusted EBITDA.

    Was: performance and liquidity measures

  • 100% rewritten

    WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 58

    Replaced pension discount rate sensitivity disclosures with a net earnings to special items reconciliation table.

    Was: WEYERHAEUSER COMPANY > 2024 ANNUAL REPORT AND FORM 10-K 55

  • 100% rewritten

    WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 77

    Replaced per-share special items reconciliation with revenue recognition and customer invoice payment terms under ASC Topic 606.

    Was: WEYERHAEUSER COMPANY > 2024 ANNUAL REPORT AND FORM 10-K 57

  • 100% rewritten

    WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 84

    Replaced general deferred tax asset descriptions with specific U.S. and Canadian 2025 and 2024 defined benefit plan discount rates.

    Was: WEYERHAEUSER COMPANY > 2024 ANNUAL REPORT AND FORM 10-K 70

  • 100% rewritten

    WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 85

    Replaced expected long-term rate of return definitions with detailed descriptions of hedge fund investments and net asset value valuations.

    Was: WEYERHAEUSER COMPANY > 2024 ANNUAL REPORT AND FORM 10-K 71

  • 100% rewritten

    WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 86

    Replaced CEO segment evaluation measures with the fair value hierarchy table for pension trust investments.

    Was: WEYERHAEUSER COMPANY > 2024 ANNUAL REPORT AND FORM 10-K 73

  • 100% rewritten

    WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 97

    Was: WEYERHAEUSER COMPANY > 2024 ANNUAL REPORT AND FORM 10-K 74

  • 100% rewritten

    WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 99

    Was: WEYERHAEUSER COMPANY > 2024 ANNUAL REPORT AND FORM 10-K 80

  • 100% rewritten

    WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 112

    Was: WEYERHAEUSER COMPANY > 2024 ANNUAL REPORT AND FORM 10-K 81

  • 98% rewritten

    WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 76

    Was: WEYERHAEUSER COMPANY > 2024 ANNUAL REPORT AND FORM 10-K 56

  • 92% rewritten

    payments for cash dividends and repurchasing stock

  • 89% rewritten

    WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 44

    Was: WEYERHAEUSER COMPANY > 2024 ANNUAL REPORT AND FORM 10-K 44

  • 86% rewritten

    a defined debt-to-total-capital ratio of 36.4 percent

    Was: a defined debt-to-total-capital ratio of 33.4 percent

  • 86% rewritten

    Net Sales — Unaffiliated Customers

  • 86% rewritten

    plus total adjusted shareholders' equity

  • 86% rewritten

    deferred compensation stock equivalent units

  • 85% rewritten

    UNRECOGNIZED TAX BENEFITS

  • 84% rewritten

    INFORMATION ABOUT COMMON SHARE REPURCHASES

  • 84% rewritten

    In general, additions are classified into components, each with its own estimated useful life as determined at the time of purchase

  • 84% rewritten

    4.6 percent for our Canadian post-employment benefit plans — compared with 4.5 percent at December 31, 2024

    Was: 4.5 percent for our Canadian post-employment benefit plans — compared with 4.6 percent at December 31, 2023

  • 83% rewritten

    The condition of the labor market affects all of our businesses as it relates to our ability to attract and retain employees and contractors. The unemployment rate remained level at 4.4 percent in third quarter 2025 and fourth quarter 2025

    Was: The condition of the labor market affects all of our businesses as it relates to our ability to attract and retain employees and contractors. The unemployment rate remained flat at 4.1 percent from third quarter 2024 to fourth quarter 2024

  • 78% rewritten

    Net Operating Loss and Credit Carryforwards

  • 78% rewritten

    President and Chief Executive Officer

  • 73% rewritten

    ECONOMIC AND MARKET CONDITIONS AFFECTING OUR OPERATIONS

  • 71% rewritten

    a $3 million decrease in softwood plywood sales attributable to a 7 percent decrease in sales realizations, partially offset by a 5 percent increase in sales volumes

    Was: an $8 million decrease in softwood plywood sales attributable to a 5 percent decrease in sales realizations

  • 69% rewritten

    NOTE 13: LEGAL PROCEEDINGS, COMMITMENTS AND CONTINGENCIES

  • 68% rewritten

    DOLLAR AMOUNTS IN MILLIONS

  • 67% rewritten

    We reconcile Adjusted EBITDA to net earnings for the consolidated company and to operating income (loss) for the business segments, as those are the most directly comparable U.S. GAAP measures for each

  • 67% rewritten

    PREFERRED AND PREFERENCE SHARES

  • 67% rewritten

    NOTE 5: NET EARNINGS PER SHARE

  • 67% rewritten

    NOTE 17: OTHER OPERATING COSTS, NET

  • 65% rewritten

    U.S. qualified salaried and nonqualified plans only

  • 65% rewritten

    LIQUIDITY AND CAPITAL RESOURCES

  • 61% rewritten

    Public equity investments are valued at exit prices quoted in active markets

  • 60% rewritten

    Our independent registered public accounting firm is KPMG LLP, Seattle, WA, Auditor Firm ID: 185

  • 59% rewritten

    NOTE 9: ACCRUED LIABILITIES

  • 58% rewritten

    LEGAL PROCEEDINGS, COMMITMENTS AND CONTINGENCIES

  • 58% rewritten

    Operating income and Net contribution to earnings

  • 58% rewritten

    NOTE 2: BUSINESS SEGMENTS

  • 57% rewritten

    Substantially all of our performance obligations are satisfied as of a point in time. Therefore, there is little judgment in determining when control transfers for our business segments as described above

  • 57% rewritten

    Estimating Our Pension and

  • 57% rewritten

    Actuarial loss (gain) is primarily due to year-over-year changes in discount rates

    Was: Actuarial (gain) loss is primarily due to year-over-year changes in discount rates

  • 57% rewritten

    Net cash from investing activities

  • 56% rewritten

    DOLLAR AMOUNTS IN MILLIONS, EXCEPT PER-SHARE FIGURES

  • 56% rewritten

    Actions to Reduce Pension Plan Obligations

  • 56% rewritten

    Commitments and contingencies (Note 13)

  • 55% rewritten

    purchases and maturities of short-term investments

  • 54% rewritten

    estimated fair values of outstanding obligations

  • 54% rewritten

    During 2023, we repurchased 4,054,952 common shares for approximately $125 million (including transaction fees) under the 2021 Repurchase Program

    Was: During 2022, we repurchased 15,983,097 common shares for approximately $550 million (including transaction fees) under the 2021 Repurchase Program

  • 52% rewritten

    As of December 31, 2025, there were approximately 181 thousand PSUs that had met the requisite service period and will be released as identified in the grant terms

    Was: As of December 31, 2024, there were approximately 65 thousand PSUs that had met the requisite service period and will be released as identified in the grant terms

  • 52% rewritten

    DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

  • 52% rewritten

    Impairment of Long-Lived Assets

  • 50% rewritten

    OUR CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS

  • 49% rewritten

    Significant Contractual Obligations as of December 31, 2025

    Was: Significant Contractual Obligations as of December 31, 2024

  • 46% rewritten

    Instruments Defining the Rights of Security Holders, Including Indentures

  • 46% rewritten

    In addition to contingent liabilities recorded for probable losses, we disclose contingent liabilities when there is a reasonable possibility that a loss may have been incurred

  • 45% rewritten

    NOTE 11: LONG-TERM DEBT, NET

  • 44% rewritten

    Net Contribution to Earnings

  • 44% rewritten

    As of December 31, 2025, there were approximately 261 thousand RSUs that had met the requisite service period and will be released as identified in the grant terms

    Was: As of December 31, 2024, there were approximately 178 thousand RSUs that had met the requisite service period and will be released as identified in the grant terms

  • 43% rewritten

    the effect of our outstanding dilutive potential common shares

  • 42% rewritten

    Amounts of actuarial loss and prior service (cost) credit are components of net periodic benefit cost. See Note 8: Pension and Other Post-Employment Benefit Plans

  • 41% rewritten

    Foreign — none currently recorded

  • 40% rewritten

    NOTE 14: SHAREHOLDERS’ INTEREST

  • 40% rewritten

    Public equity investments

  • 39% rewritten

    SHARES EXCLUDED FROM DILUTIVE EFFECT

  • 39% rewritten

    Net Earnings and Net Earnings per Diluted Share Before Special Items (Income Tax Affected)

  • 38% rewritten

    Projected benefit obligations for pensions

  • 38% rewritten

    ACCUMULATED OTHER COMPREHENSIVE LOSS

  • 37% rewritten

    Financing cash flows for financing leases(1)

  • 36% rewritten

    LETTERS OF CREDIT AND SURETY BONDS

  • 36% rewritten

    INVESTING IN OUR BUSINESS

  • 34% rewritten

    The cover page from Weyerhaeuser Company’s Annual Report on Form 10-K for the year ended December 31, 2024 has been formatted in Inline XBRL

  • 33% rewritten

    OFF-BALANCE SHEET ARRANGEMENTS

  • 33% rewritten

    The final number of shares granted in 2025, 2024 and 2023 will vest between a range of 0 percent to 150 percent of each grant’s target, depending upon actual company total shareholder return (TSR) compared against the TSR of an industry peer group. TSR assumes full reinvestment of dividends

    Was: The final number of shares granted in 2024, 2023 and 2022 will vest between a range of 0 percent to 150 percent of each grant’s target, depending upon actual company total shareholder return (TSR) compared against the TSR of an industry peer group. TSR assumes full reinvestment of dividends

  • 32% rewritten

    DISCOUNT RATES FOR PENSION AND POST-EMPLOYMENT BENEFIT PLANS

  • 31% rewritten

    SOUTHERN TIMBERLANDS ACQUISITION AND DIVESTITURE

  • 29% rewritten

    CHANGES IN INTERNAL CONTROL

  • 27% rewritten

    UNRECOGNIZED SHARE-BASED COMPENSATION

  • 27% rewritten

    DEFERRED TAX ASSETS AND LIABILITIES

  • 26% rewritten

    CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE

  • 26% rewritten

    renewable provided we meet reforestation, operating and management guidelines

  • 25% rewritten

    MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

  • 23% rewritten

    Asset Retirement Obligations

  • 22% rewritten

    For stock-settled awards, we issue new stock into the marketplace and generally do not repurchase shares in connection with issuance of new awards

All 168 risk factors

Headings as the filing states them, in filing order.

Other

  1. 01INFORMATION ABOUT COMMON SHARE REPURCHASES84% rewritten
  2. 02During second quarter 2025, we completed the $1 billion purchase authorization under the share repurchase program approved by the board inNew
  3. 03WHAT YOU WILL FIND IN THIS MD&A
  4. 04performance and liquidity measures100% rewritten
  5. 05ECONOMIC AND MARKET CONDITIONS AFFECTING OUR OPERATIONS73% rewritten
  6. 06WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 4489% rewritten
  7. 07WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 45100% rewritten
  8. 08The condition of the labor market affects all of our businesses as it relates to our ability to attract and retain employees and contractors. The unemployment rate remained level at 4.4 percent in third quarter 2025 and fourth quarter 202583% rewritten
  9. 09a $10 million decrease in noncash impairment chargesNew
  10. 10Net Sales — Unaffiliated Customers86% rewritten
  11. 11Net Contribution to Earnings44% rewritten
  12. 12Operating income and Net contribution to earnings58% rewritten
  13. 13a $3 million decrease in softwood plywood sales attributable to a 7 percent decrease in sales realizations, partially offset by a 5 percent increase in sales volumes71% rewritten
  14. 14a $12 million increase in unallocated corporate function and variable compensation expenseNew
  15. 15We are required to pay corporate income taxes on earnings of our TRSs, which include our Wood Products segment and portions of our Timberlands and Real Estate & ENR segments' earnings. Our provision for income taxes is primarily driven by earnings generated by our TRSsNew
  16. 16$31 million expense in 2024New
  17. 17LIQUIDITY AND CAPITAL RESOURCES65% rewritten
  18. 18Pension Contributions and Benefit Payments Made and ExpectedNew
  19. 19INVESTING IN OUR BUSINESS36% rewritten
  20. 20purchases and maturities of short-term investments55% rewritten
  21. 21payments for cash dividends and repurchasing stock92% rewritten
  22. 22$5,076 million as of December 31, 2024New
  23. 23the November 2025 loan of $102 million related to resource recovery revenue bondsNew
  24. 24a defined debt-to-total-capital ratio of 65 percent or less
  25. 25plus total adjusted shareholders' equity86% rewritten
  26. 26a defined debt-to-total-capital ratio of 36.4 percent86% rewritten
  27. 27INTEREST RATE SWAP HEDGING RELATIONSHIPNew
  28. 28The decrease in dividends paid is primarily due to a supplemental dividend of $0.14 per share based on 2023 financial results for a total of $102 million paid in first quarter 2024New
  29. 29OUR CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS50% rewritten
  30. 30Significant Contractual Obligations as of December 31, 202549% rewritten
  31. 31Amounts presented for interest payments assume that all long-term debt obligations outstanding as of December 31, 2025 will remain outstanding until maturity. Interest payments related to our $800 million term loan due in 2028 are treated as fixed due to the impact of the related interest rate swap
  32. 32OFF-BALANCE SHEET ARRANGEMENTS33% rewritten
  33. 33CRITICAL ACCOUNTING ESTIMATES
  34. 34DISCOUNT RATES FOR PENSION AND POST-EMPLOYMENT BENEFIT PLANS32% rewritten
  35. 354.6 percent for our Canadian post-employment benefit plans — compared with 4.5 percent at December 31, 202484% rewritten
  36. 36PERFORMANCE AND LIQUIDITY MEASURES100% rewritten
  37. 37We reconcile Adjusted EBITDA to net earnings for the consolidated company and to operating income (loss) for the business segments, as those are the most directly comparable U.S. GAAP measures for each67% rewritten
  38. 38Operating income (loss) for Unallocated Items includes pretax special items consisting of an $18 million noncash environmental remediation charge and a $26 million insurance recoveryNew
  39. 39Net Earnings and Net Earnings per Diluted Share Before Special Items (Income Tax Affected)39% rewritten
  40. 40WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 58100% rewritten
  41. 41Net earnings before special itemsNew
  42. 42LONG-TERM DEBT OBLIGATIONS
  43. 43estimated fair values of outstanding obligations54% rewritten
  44. 44As of December 31, 2025, the weighted average interest rate for our variable-rate debt was 5.05%, excluding estimated patronage refunds and the impact of interest rate swapsNew
  45. 45Opinion on the Consolidated Financial Statements
  46. 46Projected benefit obligations for pensions38% rewritten
  47. 47DOLLAR AMOUNTS IN MILLIONS68% rewritten
  48. 48Commitments and contingencies (Note 13)56% rewritten
  49. 49Net cash from investing activities57% rewritten
  50. 50DOLLAR AMOUNTS IN MILLIONS, EXCEPT PER-SHARE FIGURES56% rewritten
  51. 51LEGAL PROCEEDINGS, COMMITMENTS AND CONTINGENCIES58% rewritten
  52. 52PRINCETON LUMBER MILL DIVESTITURENew
  53. 53NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  54. 54REAL ESTATE INVESTMENT TRUST (REIT)
  55. 55HOW WE REPORT OUR RESULTS
  56. 56Consolidated Financial Statements
  57. 57We also transfer raw materials, semi-finished materials and end products among our business segments. Because of this intracompany activity, accounting for our business segments involves pricing products transferred between our business segments at current market values
  58. 58asset retirement obligations initially measured at fair value
  59. 59Foreign Currency Translation
  60. 60CHANGES IN HOW WE REPORT OUR RESULTS
  61. 61HOW WE ACCOUNT FOR CERTAIN KEY ITEMS
  62. 62We carry timber and timberlands at cost less depletion. Depletion refers to the carrying value of timber that is harvested or sold
  63. 63forest management in Canada
  64. 64Accounting practices for these costs do not change when timber becomes merchantable and harvesting starts
  65. 65In addition, the duration of the harvest cycle varies by geographic region and species of timber
  66. 66We include the cost of timber harvested in the carrying values of raw materials and product inventories. As these inventories are sold to third parties, we include them in costs of sales
  67. 67renewable provided we meet reforestation, operating and management guidelines26% rewritten
  68. 68Impairment of Long-Lived Assets52% rewritten
  69. 69We record all derivative instruments on our Consolidated Balance Sheet at fair value. We are allowed to net settle transactions with respective counterparties for certain derivative instruments; however, we have not offset derivative asset and liability balances on our Consolidated Balance SheetNew
  70. 70net operating loss and tax credit carryforwards
  71. 71We recognize the overfunded or underfunded status of our defined benefit pension and other post-employment benefit plans on our Consolidated Balance Sheet and recognize changes in the funded status through comprehensive income (loss) in the year in which the changes occur
  72. 72Union employee benefits are set through collective-bargaining agreements
  73. 73Canadian pension plans — according to the applicable provincial pension act and the Income Tax Act
  74. 74Refer to Note 8: Pension and Other Post-Employment Benefit Plans for information about the assets held within our pension plans and their related valuation methodsNew
  75. 75expected future performance of similar asset classes
  76. 76We are subject to lawsuits, investigations and other claims related to environmental remediation, product and other matters, and are required to assess the likelihood of any adverse judgments or outcomes to these matters, as well as the amount or range of potential loss
  77. 77the amount of loss can be reasonably estimated
  78. 78In addition to contingent liabilities recorded for probable losses, we disclose contingent liabilities when there is a reasonable possibility that a loss may have been incurred46% rewritten
  79. 79Disaggregation of Income Statement Expenses
  80. 80NOTE 2: BUSINESS SEGMENTS58% rewritten
  81. 81WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 7698% rewritten
  82. 82WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 77100% rewritten
  83. 83Substantially all of our performance obligations are satisfied as of a point in time. Therefore, there is little judgment in determining when control transfers for our business segments as described above57% rewritten
  84. 84GEORGIA AND ALABAMA DIVESTITURENew
  85. 85NORTH CAROLINA AND VIRGINIA ACQUISITIONNew
  86. 86SOUTHERN TIMBERLANDS ACQUISITION AND DIVESTITURE31% rewritten
  87. 87NOTE 5: NET EARNINGS PER SHARE67% rewritten
  88. 88Basic earnings per share is net earnings available to common shareholders divided by the weighted average number of our outstanding common shares, including stock equivalent units where there is no circumstance under which those shares would not be issued
  89. 89the effect of our outstanding dilutive potential common shares43% rewritten
  90. 90SHARES EXCLUDED FROM DILUTIVE EFFECT39% rewritten
  91. 91In general, additions are classified into components, each with its own estimated useful life as determined at the time of purchase84% rewritten
  92. 92NOTE 8: PENSION AND OTHER POST-EMPLOYMENT BENEFIT PLANS
  93. 93Actions to Reduce Pension Plan Obligations56% rewritten
  94. 94Actuarial loss (gain) is primarily due to year-over-year changes in discount rates57% rewritten
  95. 95WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 84100% rewritten
  96. 96U.S. qualified salaried and nonqualified plans only65% rewritten
  97. 97Our Investment Policies and Strategies
  98. 98U.S. and Canadian Pension Trusts
  99. 99Public equity investments are valued at exit prices quoted in active markets61% rewritten
  100. 100WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 85100% rewritten
  101. 101Retirement Compensation Arrangements
  102. 102Valuation of Our Plan Assets
  103. 103WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 86100% rewritten
  104. 104Public equity investments40% rewritten
  105. 105Estimating Our Pension and57% rewritten
  106. 106Established funding standards govern the funding requirements for our qualified and registered pension plans. We fund the benefit payments of our nonqualified and nonregistered plans as benefit payments come dueNew
  107. 107We contribute to multiemployer defined benefit plans under the terms of collective-bargaining agreements. These plans cover a small number of our employees and on an annual basis our contributions are immaterial
  108. 108NOTE 9: ACCRUED LIABILITIES59% rewritten
  109. 109OUR COMMERCIAL PAPER PROGRAMNew
  110. 110LETTERS OF CREDIT AND SURETY BONDS36% rewritten
  111. 111NOTE 11: LONG-TERM DEBT, NET45% rewritten
  112. 112DEBT ISSUED AND EXTINGUISHEDNew
  113. 113Foreign Currency Hedging RelationshipNew
  114. 114FAIR VALUE OF OTHER FINANCIAL INSTRUMENTS
  115. 115NOTE 13: LEGAL PROCEEDINGS, COMMITMENTS AND CONTINGENCIES69% rewritten
  116. 116Kalamazoo River Site RemediationNew
  117. 117Port of Everett Site RemediationNew
  118. 118Accrual balance as of December 31, 2025
  119. 119costs incurred to remediate sites
  120. 120uses assumptions that are less favorable to us among the range of reasonably possible outcomes
  121. 121Asset Retirement Obligations23% rewritten
  122. 122In July 2017, we announced we were implementing a solution to address concerns regarding our TJI® Joists coated with our former Flak Jacket® Protection product. This issue was isolated to Flak Jacket product manufactured after December 1, 2016 and did not affect any of our other products
  123. 123NOTE 14: SHAREHOLDERS’ INTEREST40% rewritten
  124. 124PREFERRED AND PREFERENCE SHARES67% rewritten
  125. 125During 2023, we repurchased 4,054,952 common shares for approximately $125 million (including transaction fees) under the 2021 Repurchase Program54% rewritten
  126. 126ACCUMULATED OTHER COMPREHENSIVE LOSS38% rewritten
  127. 127Amounts of actuarial loss and prior service (cost) credit are components of net periodic benefit cost. See Note 8: Pension and Other Post-Employment Benefit Plans42% rewritten
  128. 128NOTE 15: SHARE-BASED COMPENSATION
  129. 129deferred compensation stock equivalent units86% rewritten
  130. 130OUR LONG-TERM INCENTIVE COMPENSATION PLAN
  131. 131performance share units (PSUs)
  132. 132For stock-settled awards, we issue new stock into the marketplace and generally do not repurchase shares in connection with issuance of new awards22% rewritten
  133. 133HOW WE ACCOUNT FOR SHARE-BASED AWARDS
  134. 134Awards that continue to vest following job elimination or the sale of a business — the required service period ends on the date the employment from the company is terminated
  135. 135TAX BENEFITS OF SHARE-BASED AWARDS
  136. 136WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 97100% rewritten
  137. 137As of December 31, 2025, there were approximately 261 thousand RSUs that had met the requisite service period and will be released as identified in the grant terms44% rewritten
  138. 138The final number of shares granted in 2025, 2024 and 2023 will vest between a range of 0 percent to 150 percent of each grant’s target, depending upon actual company total shareholder return (TSR) compared against the TSR of an industry peer group. TSR assumes full reinvestment of dividends33% rewritten
  139. 139As of December 31, 2025, there were approximately 181 thousand PSUs that had met the requisite service period and will be released as identified in the grant terms52% rewritten
  140. 140UNRECOGNIZED SHARE-BASED COMPENSATION27% rewritten
  141. 141WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 99100% rewritten
  142. 142Financing cash flows for financing leases(1)37% rewritten
  143. 143NOTE 17: OTHER OPERATING COSTS, NET67% rewritten
  144. 144During fourth quarter 2025, we recorded an $18 million noncash environmental remediation charge. This charge was attributable to our Unallocated segment and was recorded within "Other operating costs, net" in our Consolidated Statement of OperationsNew
  145. 145During third quarter 2025, we received a $26 million insurance recovery. This recovery was attributable to our Unallocated segment and was recorded within "Other operating costs, net" in our Consolidated Statement of OperationsNew
  146. 146DEFERRED TAX ASSETS AND LIABILITIES27% rewritten
  147. 147Net Operating Loss and Credit Carryforwards78% rewritten
  148. 148Foreign — none currently recorded41% rewritten
  149. 149UNRECOGNIZED TAX BENEFITS85% rewritten
  150. 150NOTE 20: PRINCETON LUMBER MILL DIVESTITURENew
  151. 151Total cash, cash equivalents and restricted cashNew
  152. 152EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES
  153. 153CHANGES IN INTERNAL CONTROL29% rewritten
  154. 154MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING25% rewritten
  155. 155Opinion on Internal Control Over Financial Reporting
  156. 156Definition and Limitations of Internal Control Over Financial Reporting
  157. 157The following disclosures are provided in compliance with Item 5.02(e) of Form 8-KNew
  158. 158In accordance with Item 9.01(d) of Form 8-K, a copy of the Weyerhaeuser Company Amended and Restated Annual Incentive Plan for Salaried Employees, as amended and restated effective as of February 13, 2026, is filed as Exhibit 10(u) to this annual report on Form 10-KNew
  159. 159INSIDER TRADING ARRANGEMENTSNew
  160. 160DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE52% rewritten
  161. 161CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE26% rewritten
  162. 162Our independent registered public accounting firm is KPMG LLP, Seattle, WA, Auditor Firm ID: 18560% rewritten
  163. 163All financial statement schedules have been omitted because they are not applicable or the required information is included in the consolidated financial statements, or the notes thereto, in Financial Statements and Supplementary Data above
  164. 164Articles of Incorporation
  165. 165Instruments Defining the Rights of Security Holders, Including Indentures46% rewritten
  166. 166WEYERHAEUSER COMPANY > 2025 ANNUAL REPORT AND FORM 10-K 112100% rewritten
  167. 167The cover page from Weyerhaeuser Company’s Annual Report on Form 10-K for the year ended December 31, 2024 has been formatted in Inline XBRL34% rewritten
  168. 168President and Chief Executive Officer78% rewritten

Other Weyerhaeuser 10-Ks

  • FY2024 10-K risk factors
    155 risks

    The risk profile for Weyerhaeuser centers on timberland holdings, housing market sensitivity, and environmental regulations.

    Filed Feb 14, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.