In March 2007, Weyerhaeuser’s fine paper business and related assets were combined with Domtar to create a new fine paper company, Domtar Corporation. For Weyerhaeuser, this meant $1.35 billion in tax-free cash proceeds, which were used to pay down debt. We also retired approximately 25 million of our outstanding common shares through the exchange offering of Weyerhaeuser shares for shares in the new Domtar.

Results for 2007 include nine weeks of operations up to the closing of the Domtar transaction. This data is for the Fine Paper business and does not include information related to the related assets that were included in the Domtar transaction.

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