Segment and Geographical Information (Notes)

12 Months Ended

Dec. 31, 2011

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Segment and Geographical Information [Text Block]

3. SEGMENT AND GEOGRAPHICAL INFORMATION

Effective first quarter 2011, the Company renamed its Timber segment, Forest Resources. All prior period amounts previously reported under the Timber segment are now reported under the Forest Resources segment.

Rayonier operates in four reportable business segments: Forest Resources, Real Estate, Performance Fibers, and Wood Products. Forest Resources sales include all activities that relate to the harvesting of timber. Real Estate sales include all property sales, including those designated as HBU. The assets of the Real Estate segment include HBU property held by the Company’s real estate subsidiary, TerraPointe LLC. The Performance Fibers segment includes two major product lines, cellulose specialties and absorbent materials. The Wood Products segment is comprised of lumber operations. The Company’s remaining operations include harvesting and selling timber acquired from third parties (log trading). These operations are reported in "Other Operations." Sales between operating segments are made based on fair market value, and intercompany sales, purchases and profits (losses) are eliminated in consolidation. The Company evaluates financial performance based on the operating income of the segments.

Operating income (loss) as presented in the Consolidated Statements of Income and Comprehensive Income is equal to segment income (loss). Certain income (loss) items in the Consolidated Statements of Income and Comprehensive Income are not allocated to segments. These items, which include gains (losses) from certain asset dispositions, interest income (expense), miscellaneous income (expense) and income tax (expense) benefit, are not considered by management to be part of segment operations.

Three customers in the Performance Fibers segment represented 15 percent, 11 percent and 11 percent of the Company’s consolidated sales in 2011, respectively. Two customers in the Performance Fibers segment represented 14 percent and 10 percent of the Company’s consolidated sales in 2010, respectively, and three customers in the Performance Fibers segment represented 13 percent, 12 percent and 11 percent of the Company’s consolidated sales in 2009.

Segment information for each of the three years ended December 31, 2011 follows (in millions of dollars):

	Sales
	2011			2010			2009
Forest Resources	$	215		$	177		$	159
Real Estate	71			96			101
Performance Fibers	1,020			881			839
Wood Products	68			68			51
Other Operations	122			102			38
Intersegment Eliminations (a)	(7		)	(9		)	(19		)
Total	$	1,489		$	1,315		$	1,169

(a) Intersegment eliminations reflect sales from our Forest Resources segment to our Performance Fibers segment.

	Operating Income/(Loss)
	2011			2010			2009
Forest Resources	$	47		$	33		$	7
Real Estate	47			53			56
Performance Fibers	298			214			184
Wood Products	(2		)	2			(11		)
Other Operations	1			1			(3		)
Corporate and other (a)	(35		)	(21		)	177
Total	$	356		$	282		$	410

(a) 2011 included a $7 million increase in a disposition reserve. 2010 included a $12 million gain from the sale of a portion of the Company's interest in its New Zealand JV. 2009 included $205 million related to the AFMC. See Note 15 — Liabilities for Dispositions and Discontinued Operations, Note 5 — Joint Venture Investmentand Note 8 — Income Taxesfor additional information.

	Gross Capital Expenditures
	2011		2010		2009
Forest Resources (a)	$	468	$	41	$	32
Performance Fibers (b)	140		98		59
Wood Products	3		1		1
Corporate and other	2		4		—
Total Assets Acquired	$	613	$	144	$	92
Less: Assumption of loan for timberlands acquisition	105		—		—
Total Capital Expenditures	$	508	$	144	$	92

(a) Included strategic timberland acquisitions of $426 million (including assumption of a $105 million loan), $5 million and $0 in 2011, 2010 and 2009, respectively.

(b) Included $43 million of strategic capital expenditures related to the Jesup mill CSE in 2011.

	Depreciation, Depletion and Amortization
	2011		2010		2009
Forest Resources	$	63	$	59	$	70
Real Estate	12		22		24
Performance Fibers	56		58		58
Wood Products	3		3		5
Corporate and other	2		1		1
Total	$	136	$	143	$	158

	Identifiable Assets
	2011		2010
Forest Resources	$	1,604	$	1,260
Real Estate	103		86
Performance Fibers	646		551
Wood Products	21		20
Other Operations	25		26
Corporate and other	170		421
Total	$	2,569	$	2,364

	Sales by Product Line
	2011		2010		2009
Forest Resources	$	215	$	177	$	159
Real Estate
Development	4		3		3
Rural	33		28		32
Non-Strategic Timberlands	34		65		66
Total Real Estate	71		96		101
Performance Fibers
Cellulose specialties	824		686		658
Absorbent materials	196		195		181
Total Performance Fibers	1,020		881		839
Wood Products	68		68		51
Other	115		93		19
Total Sales	$	1,489	$	1,315	$	1,169

	Geographical Operating Information
	Sales						Operating Income (Loss)							Identifiable Assets
	2011		2010		2009		2011		2010		2009			2011		2010
United States	$	1,378	$	1,228	$	1,136	$	350	$	268	$	416		$	2,473	$	2,266
New Zealand	111		87		33		6		14		(6		)	95		97
All other	—		—		—		—		—		—			1		1
Total	$	1,489	$	1,315	$	1,169	$	356	$	282	$	410		$	2,569	$	2,364

	Sales by Destination
	2011		%	2010		%	2009		%
United States	$	737	49	$	693	53	$	626	53
China	277		19	213		16	189		16
Europe	173		12	152		12	159		14
Japan	159		11	129		10	107		9
Other Asia	55		4	49		4	30		3
Latin America	36		2	35		3	23		2
New Zealand	22		1	17		1	12		1
Canada	9		1	10		1	6		1
All other	21		1	17		—	17		1
Total Sales	$	1,489	100	$	1,315	100	$	1,169	100

The majority of sales to foreign countries are denominated in U.S. dollars.