RAYONIER, L.P. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 74,225	$ 207,696
Trade receivables, less allowance for doubtful accounts of $504 and $210	37,155	28,652
Other receivables	12,253	11,517
Inventory (Note 13)	18,656	31,017
Prepaid expenses	20,918	19,070
Assets held for sale (Note 19)	106,165	9,932
Other current assets	7,701	9,074
Total current assets	277,073	316,958
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,848,323	3,004,316
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 12)	138,977	105,595
PROPERTY, PLANT AND EQUIPMENT
Land	6,453	6,453
Buildings	31,579	31,251
Machinery and equipment	5,070	6,523
Construction in progress	1,433	1,841
Total property, plant and equipment, gross	44,535	46,068
Less — accumulated depreciation	(20,146)	(19,059)
Total property, plant and equipment, net	24,389	27,009
RESTRICTED CASH (NOTE 18)	3,021	678
RIGHT-OF-USE ASSETS	93,988	95,474
OTHER ASSETS	93,463	97,555
TOTAL ASSETS	3,479,234	3,647,585
CURRENT LIABILITIES
Accounts payable	29,335	26,561
Current maturities of long-term debt, net (Note 6)	22,010	0
Accrued taxes	8,307	4,394
Accrued payroll and benefits	11,145	14,215
Accrued interest	9,050	7,094
Pension and other postretirement benefits (Note 15)	52	8,444
Deferred revenue	29,570	19,012
Other current liabilities	29,993	30,409
Total current liabilities	139,462	140,277
LONG-TERM DEBT, NET (NOTE 6)	1,285,239	1,365,773
PENSION AND OTHER POSTRETIREMENT BENEFITS, NON-CURRENT (NOTE 15)	1,483	1,441
LONG-TERM LEASE LIABILITY	86,980	87,684
LONG-TERM DEFERRED REVENUE	14,070	11,294
OTHER NON-CURRENT LIABILITIES	84,569	81,863
CONTINGENCIES (NOTE 9)
REDEEMABLE OPERATING PARTNERSHIP UNITS (NOTE 4) 2,009,522 and 2,443,898 Units outstanding, respectively	64,666	81,651
CAPITAL
Accumulated other comprehensive income (Note 17)	23,574	24,651
TOTAL LIABILITIES, NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP AND SHAREHOLDERS’ EQUITY	3,479,234	3,647,585
Rayonier Limited Partnership
CURRENT ASSETS
Cash and cash equivalents	74,225	207,696
Trade receivables, less allowance for doubtful accounts of $504 and $210	37,155	28,652
Other receivables	12,253	11,517
Inventory (Note 13)	18,656	31,017
Prepaid expenses	20,918	19,070
Assets held for sale (Note 19)	106,165	9,932
Other current assets	7,701	9,074
Total current assets	277,073	316,958
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,848,323	3,004,316
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 12)	138,977	105,595
PROPERTY, PLANT AND EQUIPMENT
Land	6,453	6,453
Buildings	31,579	31,251
Machinery and equipment	5,070	6,523
Construction in progress	1,433	1,841
Total property, plant and equipment, gross	44,535	46,068
Less — accumulated depreciation	(20,146)	(19,059)
Total property, plant and equipment, net	24,389	27,009
RESTRICTED CASH (NOTE 18)	3,021	678
RIGHT-OF-USE ASSETS	93,988	95,474
OTHER ASSETS	93,463	97,555
TOTAL ASSETS	3,479,234	3,647,585
CURRENT LIABILITIES
Accounts payable	29,335	26,561
Current maturities of long-term debt, net (Note 6)	22,010	0
Accrued taxes	8,307	4,394
Accrued payroll and benefits	11,145	14,215
Accrued interest	9,050	7,094
Pension and other postretirement benefits (Note 15)	52	8,444
Distribution Payable	0	30,148
Deferred revenue	29,570	19,012
Other current liabilities	29,993	30,409
Total current liabilities	139,462	140,277
LONG-TERM DEBT, NET (NOTE 6)	1,285,239	1,365,773
PENSION AND OTHER POSTRETIREMENT BENEFITS, NON-CURRENT (NOTE 15)	1,483	1,441
LONG-TERM LEASE LIABILITY	86,980	87,684
LONG-TERM DEFERRED REVENUE	14,070	11,294
OTHER NON-CURRENT LIABILITIES	84,569	81,863
REDEEMABLE OPERATING PARTNERSHIP UNITS (NOTE 4) 2,009,522 and 2,443,898 Units outstanding, respectively	64,666	81,651
CAPITAL
General partners’ capital	17,603	18,325
Limited partners’ capital	1,742,784	1,814,193
Accumulated other comprehensive income (Note 17)	26,618	28,018
TOTAL CONTROLLING INTEREST CAPITAL	1,787,005	1,860,536
Noncontrolling interests in consolidated affiliates (Note 4)	15,760	17,066
TOTAL CAPITAL	1,802,765	1,877,602
TOTAL LIABILITIES, NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP AND SHAREHOLDERS’ EQUITY	$ 3,479,234	$ 3,647,585