CONSOLIDATING FINANCIAL STATEMENTS (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Schedule of Condensed Consolidating of Income Statement

	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2019
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	—			—				$711,556		—				$711,556
Costs and Expenses
Cost of sales	—			(59		)	(558,291		)	—			(558,350		)
Selling and general expenses	—			(20,560		)	(21,086		)	—			(41,646		)
Other operating (expense) income, net	—			(1,392		)	(3,141		)	—			(4,533		)
	—			(22,011		)	(582,518		)	—			(604,529		)
OPERATING (LOSS) INCOME	—			(22,011		)	129,038			—			107,027
Interest expense	(12,556		)	(19,095		)	(65		)	—			(31,716		)
Interest and miscellaneous income (expense), net	(1,827		)	3,061			4,073			—			5,307
Equity in income from subsidiaries	73,488			113,284			—			(186,772		)	—
INCOME BEFORE INCOME TAXES	59,105			75,239			133,046			(186,772		)	80,618
Income tax expense	—			(1,751		)	(11,189		)	—			(12,940		)
NET INCOME	59,105			73,488			121,857			(186,772		)	67,678
Less: Net income attributable to noncontrolling interest	—			—			(8,573		)	—			(8,573		)
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	59,105			73,488			113,284			(186,772		)	59,105
OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation adjustment, net of income tax	783			(91		)	1,054			(783		)	963
Cash flow hedges, net of income tax	(30,875		)	(32,189		)	1,707			30,875			(30,482		)
Actuarial change and amortization of pension and postretirement plan liabilities, net of income tax	(1,350		)	(1,350		)	—			1,350			(1,350		)
Total other comprehensive (loss) income	(31,442		)	(33,630		)	2,761			31,442			(30,869		)
COMPREHENSIVE INCOME	27,663			39,858			124,618			(155,330		)	36,809
Less: Comprehensive income attributable to noncontrolling interest	—			—			(9,146		)	—			(9,146		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.		$27,663			$39,858			$115,472			($155,330	)		$27,663

	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2018
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	—			—				$816,138		—				$816,138
Costs and Expenses
Cost of sales	—			—			(605,259		)	—			(605,259		)
Selling and general expenses	—			(19,812		)	(22,139		)	—			(41,951		)
Other operating (expense) income, net	(12		)	543			609			—			1,140
	(12		)	(19,269		)	(626,789		)	—			(646,070		)
OPERATING (LOSS) INCOME	(12		)	(19,269		)	189,349			—			170,068
Interest expense	(12,556		)	(19,155		)	(355		)	—			(32,066		)
Interest and miscellaneous income (expense), net	6,648			3,863			(5,947		)	—			4,564
Equity in income from subsidiaries	108,136			144,916			—			(253,052		)	—
INCOME BEFORE INCOME TAXES	102,216			110,355			183,047			(253,052		)	142,566
Income tax expense	—			(2,219		)	(23,017		)	—			(25,236		)
NET INCOME	102,216			108,136			160,030			(253,052		)	117,330
Less: Net income attributable to noncontrolling interest	—			—			(15,114		)	—			(15,114		)
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	102,216			108,136			144,916			(253,052		)	102,216
OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation adjustment, net of income tax	(17,329		)	386			(23,145		)	17,329			(22,759		)
Cash flow hedges, net of income tax	5,782			8,296			(3,267		)	(5,782		)	5,029
Actuarial change and amortization of pension and postretirement plan liabilities, net of income tax	(1,630		)	(1,630		)	—			1,630			(1,630		)
Total other comprehensive (loss) income	(13,177		)	7,052			(26,412		)	13,177			(19,360		)
COMPREHENSIVE INCOME	89,039			115,188			133,618			(239,875		)	97,970
Less: Comprehensive income attributable to noncontrolling interest	—			—			(8,931		)	—			(8,931		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.		$89,039			$115,188			$124,687			($239,875	)		$89,039

	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2017
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	—			—				$819,596		—				$819,596
Costs and Expenses
Cost of sales	—			—			(568,253		)	—			(568,253		)
Selling and general expenses	—			(16,797		)	(23,448		)	—			(40,245		)
Other operating (expense) income, net	—			(479		)	4,872			—			4,393
	—			(17,276		)	(586,829		)	—			(604,105		)
OPERATING (LOSS) INCOME	—			(17,276		)	232,767			—			215,491
Interest expense	(12,556		)	(19,699		)	(1,816		)	—			(34,071		)
Interest and miscellaneous income (expense), net	9,679			2,878			(10,717		)	—			1,840
Equity in income from subsidiaries	151,719			186,388			—			(338,107		)	—
INCOME BEFORE INCOME TAXES	148,842			152,291			220,234			(338,107		)	183,260
Income tax expense	—			(572		)	(21,109		)	—			(21,681		)
NET INCOME	148,842			151,719			199,125			(338,107		)	161,579
Less: Net income attributable to noncontrolling interest	—			—			(12,737		)	—			(12,737		)
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	148,842			151,719			186,388			(338,107		)	148,842
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment, net of income tax	7,416			—			9,114			(7,416		)	9,114
Cash flow hedges, net of income tax	5,353			4,214			1,479			(5,353		)	5,693
Actuarial change and amortization of pension and postretirement plan liabilities, net of income tax	(208		)	(208		)	—			208			(208		)
Total other comprehensive income	12,561			4,006			10,593			(12,561		)	14,599
COMPREHENSIVE INCOME	161,403			155,725			209,718			(350,668		)	176,178
Less: Comprehensive income attributable to noncontrolling interest	—			—			(14,775		)	—			(14,775		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.		$161,403			$155,725			$194,943			($350,668	)		$161,403

Schedule of Condensed Consolidating Balance Sheet

	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2019
	Rayonier Inc. (Parent Issuer)		Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents		$303		$45,792			$22,640		—				$68,735
Accounts receivable, less allowance for doubtful accounts	—		4,113			23,014			—			27,127
Inventory	—		—			14,518			—			14,518
Prepaid logging roads	—		—			12,128			—			12,128
Prepaid expenses	—		1,361			1,239			—			2,600
Other current assets	—		111			756			—			867
Total current assets	303		51,377			74,295			—			125,975
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—			2,482,047			—			2,482,047
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS	—		—			81,791			—			81,791
NET PROPERTY, PLANT AND EQUIPMENT	—		16,568			5,683			—			22,251
RESTRICTED CASH	—		—			1,233			—			1,233
RIGHT-OF-USE ASSETS	—		32,253			67,689			—			99,942
INVESTMENT IN SUBSIDIARIES	1,709,958		3,072,304			—			(4,782,262		)	—
INTERCOMPANY RECEIVABLE	56,935		(643,960		)	587,025			—			—
OTHER ASSETS	2		(67		)	47,822			—			47,757
TOTAL ASSETS		$1,767,198		$2,528,475			$3,347,585			($4,782,262	)		$2,860,996
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	—			$2,866			$15,294		—				$18,160
Current maturities of long-term debt	—		82,000			—			—			82,000
Accrued taxes	—		59			2,973			—			3,032
Accrued payroll and benefits	—		5,585			3,284			—			8,869
Accrued interest	3,047		2,158			—			—			5,205
Deferred revenue	—		—			11,440			—			11,440
Other current liabilities	—		4,453			18,027			—			22,480
Total current liabilities	3,047		97,121			51,018			—			151,186
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS	324,170		648,959			—			—			973,129
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		25,996			(685		)	—			25,311
LONG-TERM LEASE LIABILITY	—		28,001			62,480			—			90,481
OTHER NON-CURRENT LIABILITIES	—		18,440			64,807			—			83,247
INTERCOMPANY PAYABLE	—		—			—			—			—
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,439,981		1,709,958			3,072,304			(4,782,262		)	1,439,981
Noncontrolling interest	—		—			97,661			—			97,661
TOTAL SHAREHOLDERS’ EQUITY	1,439,981		1,709,958			3,169,965			(4,782,262		)	1,537,642
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$1,767,198		$2,528,475			$3,347,585			($4,782,262	)		$2,860,996

	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2018
	Rayonier Inc. (Parent Issuer)		Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents		$361		$104,777			$43,236		—				$148,374
Accounts receivable, less allowance for doubtful accounts	—		3,752			22,399			—			26,151
Inventory	—		—			15,703			—			15,703
Prepaid logging roads	—		—			11,976			—			11,976
Prepaid expenses	—		977			4,063			—			5,040
Other current assets	—		108			501			—			609
Total current assets	361		109,614			97,878			—			207,853
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—			2,401,327			—			2,401,327
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS	—		—			85,609			—			85,609
NET PROPERTY, PLANT AND EQUIPMENT	—		16,940			5,811			—			22,751
RESTRICTED CASH	—		—			8,080			—			8,080
INVESTMENT IN SUBSIDIARIES	1,833,899		3,022,875			—			(4,856,774		)	—
INTERCOMPANY RECEIVABLES	49,461		(638,424		)	588,963			—			—
OTHER ASSETS	2		19,244			35,800			—			55,046
TOTAL ASSETS		$1,883,723		$2,530,249			$3,223,468			($4,856,774	)		$2,780,666
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	—			$1,616			$16,403		—				$18,019
Accrued taxes	—		8			3,170			—			3,178
Accrued payroll and benefits	—		5,848			4,568			—			10,416
Accrued interest	3,047		1,960			—			—			5,007
Deferred revenue	—		—			10,447			—			10,447
Other current liabilities	—		216			16,258			—			16,474
Total current liabilities	3,047		9,648			50,846			—			63,541
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS	323,803		648,764			—			—			972,567
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		30,484			(684		)	—			29,800
OTHER NON-CURRENT LIABILITIES	—		7,454			52,754			—			60,208
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,556,873		1,833,899			3,022,875			(4,856,774		)	1,556,873
Noncontrolling interest	—		—			97,677			—			97,677
TOTAL SHAREHOLDERS’ EQUITY	1,556,873		1,833,899			3,120,552			(4,856,774		)	1,654,550
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$1,883,723		$2,530,249			$3,223,468			($4,856,774	)		$2,780,666

Schedule of Condensed Consolidating Cash Flows Statement

	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2019
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments		Total Consolidated
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES		($21,865	)		($12,730	)		$248,848		—			$214,253
INVESTING ACTIVITIES
Capital expenditures	—			(641		)	(63,355		)	—		(63,996		)
Real estate development investments	—			—			(6,803		)	—		(6,803		)
Purchase of timberlands	—			—			(142,287		)	—		(142,287		)
Investment in subsidiaries	—			(406		)	—			406		—
Other	—			(8,754		)	2,450			—		(6,304		)
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	—			(9,801		)	(209,995		)	406		(219,390		)
FINANCING ACTIVITIES
Issuance of debt	—			82,000			—			—		82,000
Repayment of debt	—			—			—			—		—
Dividends paid	(139,531		)	(32,239		)	30,699			—		(141,071		)
Proceeds from the issuance of common shares under incentive stock plan	1,260			—			—			—		1,260
Repurchase of common shares	(4,250		)	—			—			—		(4,250		)
Proceeds used for Share Buybacks	—			(8,430		)	—			—		(8,430		)
Proceeds from shareholder distribution hedge	—			—			135			—		135
Distribution to minority shareholder	—			—			(9,161		)	—		(9,161		)
Issuance of intercompany notes	—			—			—			—		—
Debt issuance cost	—			(132		)	—			—		(132		)
Intercompany distributions	164,328			(77,653		)	(86,269		)	(406	)	—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	21,807			(36,454		)	(64,596		)	(406	)	(79,649		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(1,700		)	—		(1,700		)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Change in cash, cash equivalents and restricted cash	(58		)	(58,985		)	(27,443		)	—		(86,486		)
Balance, beginning of year	361			104,777			51,316			—		156,454
Balance, end of year		$303			$45,792			$23,873		—			$69,968

	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2018
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments		Total Consolidated
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES		$284,781			$182,057			($156,742	)	—			$310,096
INVESTING ACTIVITIES
Capital expenditures	—			(59		)	(62,266		)	—		(62,325		)
Real estate development investments	—			—			(9,501		)	—		(9,501		)
Purchase of timberlands	—			—			(57,608		)	—		(57,608		)
Investment in subsidiaries	—			6,128			—			(6,128	)	—
Other	—			—			(3,421		)	—		(3,421		)
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	—			6,069			(132,796		)	(6,128	)	(132,855		)
FINANCING ACTIVITIES
Issuance of debt	—			—			1,014			—		1,014
Repayment of debt	—			(50,000		)	(4,416		)	—		(54,416		)
Dividends paid	(136,698		)	(74		)	—			—		(136,772		)
Proceeds from the issuance of common shares under incentive stock plan	8,591			—			—			—		8,591
Repurchase of common shares	(2,984		)	—			—			—		(2,984		)
Proceeds from shareholder distribution hedge	—			—			2,025			—		2,025
Distribution to minority shareholder	—			—			(11,172		)	—		(11,172		)
Issuance of intercompany notes	299,715			18,961			(318,676		)	—		—
Intercompany distributions	(501,608		)	(77,278		)	572,758			6,128		—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(332,984		)	(108,391		)	241,533			6,128		(193,714		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			571			—		571
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Change in cash, cash equivalents and restricted cash	(48,203		)	79,735			(47,434		)	—		(15,902		)
Balance, beginning of year	48,564			25,042			98,750			—		172,356
Balance, end of year		$361			$104,777			$51,316		—			$156,454

	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2017
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments		Total Consolidated
CASH (USED FOR) PROVIDED BY OPERATING ACTIVITIES		($48,104	)		$111,431			$192,957		—			$256,284
INVESTING ACTIVITIES
Capital expenditures	—			—			(65,345		)	—		(65,345		)
Real estate development investments	—			—			(15,784		)	—		(15,784		)
Purchase of timberlands	—			—			(242,910		)	—		(242,910		)
Net proceeds from large disposition of timberlands	—			—			95,243			—		95,243
Rayonier office building under construction	—			—			(6,084		)	—		(6,084		)
Investment in subsidiaries	—			38,546			—			(38,546	)	—
Other	—			—			(373		)	—		(373		)
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	—			38,546			(235,253		)	(38,546	)	(235,253		)
FINANCING ACTIVITIES
Issuance of debt	—			25,000			38,389			—		63,389
Repayment of debt	—			(15,000		)	(85,157		)	—		(100,157		)
Dividends paid	(127,069		)	—			—			—		(127,069		)
Proceeds from the issuance of common shares under incentive stock plan	4,751			—			—			—		4,751
Proceeds from the issuance of common shares from equity offering, net of cost	152,390			—			—			—		152,390
Repurchase of common shares	(176		)	—			—			—		(176		)
Issuance of intercompany notes	(32,000		)	—			32,000			—		—
Intercompany distributions	77,319			(144,396		)	28,531			38,546		—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	75,215			(134,396		)	13,763			38,546		(6,872		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			580			—		580
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Change in cash, cash equivalents and restricted cash	27,111			15,581			(27,953		)	—		14,739
Balance, beginning of year	21,453			9,461			126,703			—		157,617
Balance, end of year		$48,564			$25,042			$98,750		—			$172,356