Weyerhaeuser (WY) 10-K risk factor changes: FY2021 vs FY2020

FOR THE FISCAL YEAR ENDED DECEMBER 31, [removed: 2020][added: 2021]

The aggregate market value of the registrant’s common stock held by non-affiliates of the registrant based on the closing sale price as of the last business day of the most recently completed second fiscal quarter ended on June 30, [removed: 2020,] [added: 2021,] as reported on the New York Stock Exchange Composite Price Transactions, was approximately [removed: $16.8] [added: $25.7] billion.

As of February [removed: 8, 2021, 747,768] [added: 7, 2022, 746,331] thousand shares of the registrant’s common stock ($1.25 par value) were outstanding.

Portions of the *Notice of the [removed: 2021] [added: 2022] Annual Meeting of Shareholders and Proxy Statement* for the company’s Annual Meeting of Shareholders to be held May [removed: 14, 2021,] [added: 13, 2022,] are incorporated by reference into Part III.

WEYERHAEUSER COMPANY > [removed: 2020] [added: 2021] ANNUAL REPORT AND FORM 10-K

| | [WHAT WE DO](#WHAT_WE_DO) | [removed: [4](#WHAT_WE_DO)] [added: [8](#WHAT_WE_DO)] |

| | [INFORMATION ABOUT OUR EXECUTIVE OFFICERS](#EXECUTIVE_FICERS__REGISTRANT) | [removed: [20](#EXECUTIVE_FICERS__REGISTRANT)] [added: [24](#EXECUTIVE_FICERS__REGISTRANT)] |

| | [NATURAL RESOURCE AND ENVIRONMENTAL MATTERS](#NATURAL_RESOURCE_ENVIRONMENTAL_MATTERS) | [removed: [21](#NATURAL_RESOURCE_ENVIRONMENTAL_MATTERS)] [added: [25](#NATURAL_RESOURCE_ENVIRONMENTAL_MATTERS)] |

| | [FORWARD-LOOKING STATEMENTS](#FORWARDLOOKING_STATEMENTS) | [removed: [26](#FORWARDLOOKING_STATEMENTS)] [added: [30](#FORWARDLOOKING_STATEMENTS)] |

| ITEM 1A. | [RISK FACTORS](#RISK_FACTORS) | [removed: [27](#RISK_FACTORS)] [added: [31](#RISK_FACTORS)] |

| ITEM 1B. | [UNRESOLVED STAFF COMMENTS](#UNRESOLVED_STAFF_COMMENTS) | [removed: [37](#UNRESOLVED_STAFF_COMMENTS)] [added: [41](#UNRESOLVED_STAFF_COMMENTS)] |

| ITEM 2. | [PROPERTIES](#PROPERTIES) | [removed: [37](#PROPERTIES)] [added: [41](#PROPERTIES)] |

| ITEM 3. | [LEGAL PROCEEDINGS](#LEGAL_PROCEEDINGS) | [removed: [37](#LEGAL_PROCEEDINGS)] [added: [41](#LEGAL_PROCEEDINGS)] |

| | [ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) PRACTICES](#Environmental_Social_and_Governance) | [2](#Environmental_Social_and_Governance) |

| ITEM 5. | [MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES](#Market_for_Registrants) | [removed: [37](#Market_for_Registrants)] [added: [41](#Market_for_Registrants)] |

| ITEM 7. | [MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (MD&A)](#MANAGEMENTS_DISCUSSION_ANALYSIS_FINANCIA) | [removed: [39](#MANAGEMENTS_DISCUSSION_ANALYSIS_FINANCIA)] [added: [43](#MANAGEMENTS_DISCUSSION_ANALYSIS_FINANCIA)] |

| | [ECONOMIC AND MARKET CONDITIONS AFFECTING OUR OPERATIONS](#ECONOMIC_MARKET_CONDITIONS_AFFECTING_OUR) | [removed: [39](#ECONOMIC_MARKET_CONDITIONS_AFFECTING_OUR)] [added: [43](#ECONOMIC_MARKET_CONDITIONS_AFFECTING_OUR)] |

| | [FINANCIAL PERFORMANCE SUMMARY](#FINANCIAL_PERFORMANCE_SUMMARY) | [removed: [40](#FINANCIAL_PERFORMANCE_SUMMARY)] [added: [44](#FINANCIAL_PERFORMANCE_SUMMARY)] |

| | [RESULTS OF OPERATIONS](#RESULTS_OPERATIONS) | [removed: [41](#RESULTS_OPERATIONS)] [added: [45](#RESULTS_OPERATIONS)] |

| | [LIQUIDITY AND CAPITAL RESOURCES](#LIQUIDITY_CAPITAL_RESOURCES) | [removed: [46](#LIQUIDITY_CAPITAL_RESOURCES)] [added: [50](#LIQUIDITY_CAPITAL_RESOURCES)] |

| | [ENVIRONMENTAL MATTERS, LEGAL PROCEEDINGS AND OTHER CONTINGENCIES](#ENVIRONMENTAL_MATTERS_LEGAL_PROCEEDINGS_) | [removed: [49](#ENVIRONMENTAL_MATTERS_LEGAL_PROCEEDINGS_)] [added: [53](#ENVIRONMENTAL_MATTERS_LEGAL_PROCEEDINGS_)] |

| | [ACCOUNTING MATTERS](#ACCOUNTING_MATTERS) | [removed: [49](#ACCOUNTING_MATTERS)] [added: [53](#ACCOUNTING_MATTERS)] |

| | [PERFORMANCE MEASURES](#PERFORMANCE_MEASURES) | [removed: [51](#PERFORMANCE_MEASURES)] [added: [55](#PERFORMANCE_MEASURES)] |

| ITEM 7A. | [QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK](#QUANTITATIVE_QUALITATIVE_DISCLOSURES_ABO) | [removed: [53](#QUANTITATIVE_QUALITATIVE_DISCLOSURES_ABO)] [added: [57](#QUANTITATIVE_QUALITATIVE_DISCLOSURES_ABO)] |

| ITEM 8. | [FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA](#FINANCIAL_STATEMENTS_SUPPLEMENTARY_DATA) | [removed: [55](#FINANCIAL_STATEMENTS_SUPPLEMENTARY_DATA)] [added: [58](#FINANCIAL_STATEMENTS_SUPPLEMENTARY_DATA)] |

| | [REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM](#REPORT_INDEPENDENT_REGISTERED_PUBLIC_ACC) | [removed: [55](#REPORT_INDEPENDENT_REGISTERED_PUBLIC_ACC)] [added: [58](#REPORT_INDEPENDENT_REGISTERED_PUBLIC_ACC)] |

| | [CONSOLIDATED STATEMENT OF OPERATIONS](#CONSOLIDATED_STATEMENT_OF_OPERATIONS) | [removed: [56](#CONSOLIDATED_STATEMENT_OF_OPERATIONS)] [added: [59](#CONSOLIDATED_STATEMENT_OF_OPERATIONS)] |

| | [CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME](#CONSOLIDATED_STATEMENT_COMPREHENSIVE_INC) | [removed: [57](#CONSOLIDATED_STATEMENT_COMPREHENSIVE_INC)] [added: [60](#CONSOLIDATED_STATEMENT_COMPREHENSIVE_INC)] |

| | [CONSOLIDATED BALANCE SHEET](#CONSOLIDATED_BALANCE_SHEET) | [removed: [58](#CONSOLIDATED_BALANCE_SHEET)] [added: [61](#CONSOLIDATED_BALANCE_SHEET)] |

| | [CONSOLIDATED STATEMENT OF CASH FLOWS](#CONSOLIDATED_STATEMENT_CASH_FLOWS) | [removed: [59](#CONSOLIDATED_STATEMENT_CASH_FLOWS)] [added: [62](#CONSOLIDATED_STATEMENT_CASH_FLOWS)] |

| | [CONSOLIDATED STATEMENT OF CHANGES IN EQUITY](#CONSOLIDATED_STATEMENT_CHANGES_IN_EQUITY) | [removed: [60](#CONSOLIDATED_STATEMENT_CHANGES_IN_EQUITY)] [added: [63](#CONSOLIDATED_STATEMENT_CHANGES_IN_EQUITY)] |

| | [INDEX FOR NOTES TO CONSOLIDATED FINANCIAL STATEMENTS](#INDEX_FOR_NOTES_TO_CONSOLIDATED_FINANCIA) | [removed: [61](#INDEX_FOR_NOTES_TO_CONSOLIDATED_FINANCIA)] [added: [64](#INDEX_FOR_NOTES_TO_CONSOLIDATED_FINANCIA)] |

| | [NOTES TO CONSOLIDATED FINANCIAL STATEMENTS](#NOTES_TO_CONSOLIDATED_FINANCIAL_STATEMEN) | [removed: [62](#NOTES_TO_CONSOLIDATED_FINANCIAL_STATEMEN)] [added: [65](#NOTES_TO_CONSOLIDATED_FINANCIAL_STATEMEN)] |

| | [OFF-BALANCE SHEET ARRANGEMENTS](#FBALANCE_SHEET_ARRANGEMENTS) | [49](#FBALANCE_SHEET_ARRANGEMENTS) |

| ITEM 9A. | [CONTROLS AND PROCEDURES](#CONTROLS_AND_PROCEDURES) | [removed: [96](#CONTROLS_AND_PROCEDURES)] [added: [99](#CONTROLS_AND_PROCEDURES)] |

| PART III | | |

| ITEM 10. | [DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE](#DIRECTORS__EXECUTIVE_OFFICERS_AND_CORPOR) | [98](#DIRECTORS__EXECUTIVE_OFFICERS_AND_CORPOR) |

| ITEM 11. | [EXECUTIVE AND DIRECTOR COMPENSATION](#EXECUTIVE_AND_DIRECTOR_COMPENSATION) | [98](#EXECUTIVE_AND_DIRECTOR_COMPENSATION) |

| ITEM 12. | [SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS](#SECURITY_OWNERSHIP_OF_CERTAIN_BENEFICIAL) | [98](#SECURITY_OWNERSHIP_OF_CERTAIN_BENEFICIAL) |

| ITEM 13. | [CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE](#CERTAIN_RELATIONSHIPS_AND_RELATED_TRANSA) | [98](#CERTAIN_RELATIONSHIPS_AND_RELATED_TRANSA) |

| ITEM 14. | [PRINCIPAL ACCOUNTING FEES AND SERVICES](#PRINCIPAL_ACCOUNTING_FEES_AND_SERVICES) | [98](#PRINCIPAL_ACCOUNTING_FEES_AND_SERVICES) |

| | | |

| PART IV | | |

| ITEM 15. | [EXHIBITS AND FINANCIAL STATEMENT SCHEDULES](#EXHIBITS_AND_FINANCIAL_STATEMENT_SCHEDUL) | [98](#EXHIBITS_AND_FINANCIAL_STATEMENT_SCHEDUL) |

| | [EXHIBITS](#EXHIBITS) | [99](#EXHIBITS) |

| PART III | | |

| ITEM 10. | [DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE](#DIRECTORS__EXECUTIVE_OFFICERS_AND_CORPOR) | [101](#DIRECTORS__EXECUTIVE_OFFICERS_AND_CORPOR) |

| ITEM 11. | [EXECUTIVE AND DIRECTOR COMPENSATION](#EXECUTIVE_AND_DIRECTOR_COMPENSATION) | [101](#EXECUTIVE_AND_DIRECTOR_COMPENSATION) |

| ITEM 12. | [SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS](#SECURITY_OWNERSHIP_OF_CERTAIN_BENEFICIAL) | [101](#SECURITY_OWNERSHIP_OF_CERTAIN_BENEFICIAL) |

| ITEM 13. | [CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE](#CERTAIN_RELATIONSHIPS_AND_RELATED_TRANSA) | [101](#CERTAIN_RELATIONSHIPS_AND_RELATED_TRANSA) |

| ITEM 14. | [PRINCIPAL ACCOUNTING FEES AND SERVICES](#PRINCIPAL_ACCOUNTING_FEES_AND_SERVICES) | [101](#PRINCIPAL_ACCOUNTING_FEES_AND_SERVICES) |

| | | |

| PART IV | | |

| ITEM 15. | [EXHIBITS AND FINANCIAL STATEMENT SCHEDULES](#EXHIBITS_AND_FINANCIAL_STATEMENT_SCHEDUL) | [101](#EXHIBITS_AND_FINANCIAL_STATEMENT_SCHEDUL) |

| | [EXHIBITS](#EXHIBITS) | [102](#EXHIBITS) |

[removed: We are] [added: Weyerhaeuser Company is] one of the world's largest private owners of timberlands.

We own or control [removed: 10.7] [added: 10.6] million acres of timberlands in the U.S. and manage an additional 14.1 million acres of timberlands under long-term licenses in Canada.

We operate with world-class safety results, actively support the communities in which we operate and [removed: strive to] communicate transparently with our investors and other stakeholders.

We are [removed: one of only two North American forest products companies included on the Dow Jones Sustainability North America Index, and we are also] recognized for our leading performance in the areas of ethics, citizenship and gender equality.

Unless otherwise specified, current information reported in this Form 10-K is as of or for the fiscal year ended December 31, [removed: 2020.][added: 2021.]

We were incorporated as *Weyerhaeuser Timber Company* in the state of Washington in January 1900, when Frederick Weyerhaeuser and 15 partners bought [removed: 900,000] [added: 900 thousand] acres of timberland.

[removed: Our company] [added: Weyerhaeuser Company] is a REIT and REIT income can be distributed to shareholders without first paying corporate level tax, substantially eliminating the double taxation on income.

We [removed: continue to be] [added: are] required to pay federal corporate income taxes on earnings of our Taxable REIT Subsidiaries (TRSs), which include our Wood Products segment and a portion of our Timberlands and Real Estate, Energy and Natural Resources segments.

WEYERHAEUSER COMPANY > [removed: 2020] [added: 2021] ANNUAL REPORT AND FORM 10-K 1

[added: Our] Wood Products [added: segment] primarily sells into the new residential building and repair and remodel markets.

Real Estate is affected by the health of the U.S. economy and [removed: the] local real estate market conditions, such as the level of supply or demand for properties sharing the same or similar characteristics as our timberlands.

Energy and Natural Resources is affected by underlying demand for commodities, including [removed: oil,] natural gas and minerals.

As of December 31, [removed: 2020,] [added: 2021,] we employed [removed: 9,372] [added: 9,214] employees, including [removed: 7,971] [added: 7,864] in the United States, [removed: 1,389] [added: 1,338] in Canada, and 12 in Japan.

Of these employees, [removed: 2,421] [added: 2,337] are members of unions covered by multi-year collective-bargaining agreements.

| SEGMENT | NUMBER OF [removed: EMPLOYEESS] [added: EMPLOYEES] |

| Real Estate & ENR | [removed: 67] [added: 68] |

| Wood Products | [removed: 7,220] [added: 7,082] |

WEYERHAEUSER COMPANY > [removed: 2020] [added: 2021] ANNUAL REPORT AND FORM 10-K 2

This includes a drop in our Recordable Incident Rate, which is the number of Occupational Safety and Health Administration-defined recordable [removed: injuries/illnesses] [added: injuries and illnesses] that occur [removed: in] [added: per] 100 workers working in one year, from 10 in 1990 to [removed: 1.56] [added: 1.76] in [removed: 2020.][added: 2021.]

In [added: early] 2020, our [removed: continued] focus on workplace safety enabled us to quickly implement additional protocols to safeguard the health of our employees and preserve business continuity [removed: during] [added: at] the [added: outset of the] COVID-19 [removed: pandemic.][added: pandemic, and this focus has continued to guide our policies and practices through the present time.]

| • | annually enroll hundreds of our front-line, mid-level and [removed: future] executive leaders [added: (future and current)] in development programs; |

| • | engage in rigorous internal talent assessment and succession [removed: planning] [added: planning;] and |

This model acknowledges that at least 70 percent of development occurs on the job through direct experience and [removed: skill-building.][added: skill building.]

Another 20 percent comes from focused [removed: relationship-building] [added: relationship building] and exposure to projects, processes and [removed: perspective] [added: perspectives] outside one’s normal expertise.

In [removed: 2020,] [added: 2021,] our employees logged [removed: 31,415] [added: 30,736] hours of training in our online learning management system, which tracks both virtual and classroom courses delivered.

However, in [removed: 2020] [added: 2021,] due to [added: ongoing] COVID-related health and safety restrictions, we [removed: converted] [added: delivered] our programs [removed: into] [added: in] virtual formats where viable.

[removed: We have six focus] [added: To achieve this, we are focused on seven key] areas: leadership and [removed: accountability;] [added: accountability,] equitable practices and [removed: policies;] [added: policies,] recruiting and [removed: hiring;] [added: hiring,] training and [removed: development;] [added: development,] communication and [removed: culture; and] [added: culture,] affinity and [removed: connection.][added: connection, and community outreach.]

Our practices for achieving and maintaining a [removed: strong, diverse] [added: diverse, equitable] and inclusive workplace [removed: culture also] include:

| • | [removed: third-party] [added: recurrent] reviews of pay equity; |

| • | [removed: removal of] [added: masked] names [removed: from] [added: on] resumes and [removed: creation of] diverse hiring teams; |

| • | regular company-wide surveys and other means of anonymously collecting candid feedback to assist us in evaluating our [removed: progress] [added: inclusive culture] and addressing any identified gaps. |

Excluding temporary [removed: hires and part-time employees,] [added: hires,] in [removed: 2020, 40] [added: 2021, 47] percent of the company’s new U.S. hires met the company’s criteria for diversity, which includes [removed: race, ethnicity,] [added: race/ethnicity,] gender and [removed: disability] [added: veteran] status.

In response to [removed: our annual] feedback [removed: survey] [added: surveys] conducted for [removed: 2020, 82] [added: 2021, 89] percent of our [added: salaried] employees agreed their work environment is inclusive.

WEYERHAEUSER COMPANY > [removed: 2020] [added: 2021] ANNUAL REPORT AND FORM 10-K 3

[removed: COMPANY CULTURE][added: COMPANY CULTURE]

We are intentional in our efforts to preserve the key positives of our workplace environment, as well as continuously [removed: improving] [added: improve] and [removed: evolving] [added: evolve] our culture.

[removed: Most of these] [added: These] values [removed: have been ingrained in our culture for many decades; they] are cited often by our employees and are visible throughout our organization.

[removed: In 2020, our] [added: Our] overall engagement [added: favorability] score [added: from this group] was [removed: 85] [added: 92] percent and our average [added: favorability] score on questions about the strength of our values was [removed: 83] [added: 93] percent.

Another indicator we monitor to assess the strength of our company culture is voluntary turnover, which was [removed: only 6.5] [added: 12] percent in [removed: 2020.][added: 2021.]

Some of our benefits include paid parental [removed: leave,] [added: leave for all employees,] company match for retirement plans, comprehensive medical and dental coverage and paid time off.

| | [SIGNATURES](#SIGNATURES) | [105](#SIGNATURES) |

Our sustainably managed forests and our wood products play a critical role in mitigating climate change, and our carbon record shows that our net impact is significantly carbon negative.

We also own substantial timberland assets through a subsidiary, Weyerhaeuser Timber Holdings, Inc., that we believe will qualify for taxation as a REIT under the Internal Revenue Code of 1986, as amended (IRC), for tax years beginning 2022.

ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) PRACTICES

Sustainability is one of the core values of our company, and we have spent decades building a solid foundation characterized by excellence in environmental stewardship, social responsibility and corporate governance.

Maintaining a strong ESG foundation is a key component of our ability to drive long-term shareholder value, and these principles guide us in how we conduct our business every day.

ENVIRONMENTAL STEWARDSHIP

As a pioneer in sustainable forestry, we have environmental stewardship deeply rooted in our business and very much at the core of our company.

To operate successfully, we need our forests to provide a sustainable supply of wood fiber now and long into the future.

To ensure our forests remain healthy and valuable for decades to come, we protect and enhance the many additional benefits they provide, such as clean water, clean air, and critical areas for biodiversity.

We also minimize our environmental footprint in our wood products manufacturing business, including reducing air emissions, minimizing waste and maximizing wood recovery.

These actions are smart for our business, good for the environment and essential to how we run our operations sustainably.

PRACTICING SUSTAINABLE FORESTRY

As one of the world’s oldest and largest private timberland owners, we’ve been growing, harvesting and regrowing forests for more than a century.

Our goal is to ensure a sustainable supply of wood for our customers, while protecting the other important benefits forests provide.

We know forests can be managed on a sustainable basis indefinitely, and we have been proving it is possible for a very long time.

We advocated for legislation in 1925 to encourage reforestation after harvest, which was an uncommon practice at the time.

In 1937, we began research into sustainable yield forestry, which ensures harvesting does not diminish the forest’s ability to provide the same volume in the future.

In 1938, we were one of the first companies to plant tree seedlings, and in 1941 we established the first certified tree farm in the U.S. We harvest, on average, only two percent of our forests each year, and 100 percent of our timberlands are reforested after harvesting.

On average, we plant 130 to 150 million tree seedlings per year.

STORING CARBON

Our sustainably managed forests play a critical role in helping to mitigate climate change.

As our millions of acres of forests grow, they absorb carbon dioxide from the atmosphere and store it in their trunks, limbs and roots, as well as in the soil.

In 2020, our forests contained between 2.3

billion and 3.6 billion metric tons of carbon dioxide equivalent (mtCO2e).

Approximately 1.0 billion mtCO2e was stored in our trees and roots, and an additional 1.3 billion to 2.6 billion mtCO2e was stored in soil and other biomass.

After our trees are harvested, much of their carbon remains stored in the long-lived wood products made from them for the life of those products.

After harvest, we plant millions more trees, which immediately begin absorbing more CO2 from the atmosphere, and the next round of wood products store more carbon yet again.

Our managed forests also provide other climate benefits.

They mature more quickly and are able to bank more carbon through faster, continuous rotations, all while maintaining the vast pool of carbon in the forest soil.

And using wood for construction requires less energy and results in fewer greenhouse gas emissions compared with other building materials, such as steel and concrete.

OUR CARBON RECORD

We are dedicated to maintaining a leadership position within our sector in the area of climate-related disclosures.

In 2021, we reached a significant milestone in publishing our inaugural carbon record.

Our carbon record shows that our net impact is significantly carbon negative, meaning we remove substantially more carbon from the atmosphere than we emit each year.

In 2020, our carbon removals totaled approximately 32 million mtCO2e.

This was comprised of 10 million mtCO2e of direct carbon removals from our U.S. timberlands (the increase in above-ground carbon attributable to forest growth and management practices after we account for harvest and mortality) and an additional 22 million mtCO2e of scope 3 removals across our value chain (primarily carbon stored in our own long-lived wood products and products that our customers make from our logs).

Our carbon emissions totaled 7 million mtCO2e in 2020, with just 1 million of that total being our direct and indirect emissions.

These direct and indirect emissions are primarily attributable to electricity and fuel usage within our Wood Products mills, which speaks to the low carbon intensity of wood products manufacturing.

The remaining 6 million mtCO2e are scope 3 emissions, primarily generated by customers who purchase our wood fiber and emissions associated with the products and services we buy.

| | [SIGNATURES](#SIGNATURES) | [102](#SIGNATURES) |

| --- | --- |

HUMAN CAPITAL AND TALENT MANAGEMENT

Our human capital and talent management practices strive to attract and retain diverse and talented people.

Since we depend so much on our people, we focus on ensuring that we create and maintain a safe and inclusive work environment in which our employees have opportunities to develop and reach their potential.

| Timberlands | 1,289 |

| Corporate | 796 |

| Total | 9,372 |

Our highest priority is the safety of our employees, contractors and all others who come into contact with our daily operations.

We remain relentlessly focused on achieving our goal of creating an injury-free workplace.

We focus a great deal of energy and resources on the training and development of our people.

In addition, we developed “Leading Through Uncertainty” training to help leaders effectively manage their teams through the many challenges of 2020, and we offered several virtual seminars on managing stress and work/life balance.

We are taking action to increase diversity at all levels of our company, create a truly inclusive environment and secure, preserve and promote equity for our employees.

To help us accelerate progress in creating a truly inclusive work culture at Weyerhaeuser, we identified inclusion as one of our five core values in 2019 and formed an Inclusion Council of 20 diverse employees from across our company to help provide insights and recommendations to our senior management team.

We have set targets for improvement in each category which are reviewed and reset annually.

| --- | --- | --- | --- | --- |

| | | | | |

| | | | | | | | | | | | | |

| Oregon | | | 1,453 | | | | — | | | | 1,453 | |

| Washington | | | 1,278 | | | | — | | | | 1,278 | |

| Alabama | | | 380 | | | | 198 | | | | 578 | |

| Arkansas | | | 1,207 | | | | 18 | | | | 1,225 | |

| Florida | | | 221 | | | | 85 | | | | 306 | |

| Georgia | | | 601 | | | | 50 | | | | 651 | |

| Louisiana | | | 1,013 | | | | 350 | | | | 1,363 | |

| Mississippi | | | 1,124 | | | | 39 | | | | 1,163 | |

| Oklahoma | | | 493 | | | | — | | | | 493 | |

| Virginia | | | 123 | | | | — | | | | 123 | |

| Total South | | | 6,013 | | | | 742 | | | | 6,755 | |

| Maine | | | 835 | | | | — | | | | 835 | |

| Wisconsin | | | 3 | | | | — | | | | 3 | |

| Total Company | | | 9,946 | | | | 742 | | | | 10,688 | |

We also grow softwood logs that supply our lumber and plywood mills and other customers.

| | | | | | | | | | | | | | | | | | | | | |

| *(1)* | In November 2019, we sold our Michigan timberlands and in March 2020, we sold our Montana timberlands. Refer to [Note 4: Timberland Acquisitions and Divestitures](#NOTE_4_TIMBERLAND_ACQUIS_AND_DIVEST) *for further information on these divestitures.* |

Log Sales Volume

| • | 26,963 thousand tons in 2019. |

| SOURCES | ACTIVITIES |

| • | $276 million in 2020 and |

| *(1)* | Amounts include net sales to unaffiliated buyers as well as intersegment sales. |