Segment and Geographical Information (Notes)

12 Months Ended

Dec. 31, 2012

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

Segment and Geographical Information [Text Block]

3. SEGMENT AND GEOGRAPHICAL INFORMATION

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. See Note 1 — Nature of Business Operations — Subsequent Event for additional information regarding the Wood Products segment. 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.

Four customers in the Performance Fibers segment represented 15 percent, 12 percent, 10 percent and 10 percent of the Company’s consolidated sales in 2012, respectively. Three customers in the Performance Fibers segment represented 15 percent, 11 percent and 11 percent of the Company’s consolidated sales in 2011, respectively, and two customers in the Performance Fibers segment represented 14 percent and 10 percent of the Company’s consolidated sales in 2010.

Segment information for each of the three years ended December 31, 2012 follows (in millions of dollars):

	Sales
	2012			2011			2010
Forest Resources	$	230		$	215		$	177
Real Estate	57			71			96
Performance Fibers	1,093			1,020			881
Wood Products	88			68			68
Other Operations	105			122			102
Intersegment Eliminations (a)	(2		)	(7		)	(9		)
Total	$	1,571		$	1,489		$	1,315

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

	Operating Income/(Loss)
	2012			2011			2010
Forest Resources	$	46		$	47		$	33
Real Estate	32			47			53
Performance Fibers	359			298			214
Wood Products	10			(2		)	2
Other Operations	—			1			1
Corporate and other (a)	(36		)	(35		)	(21		)
Total	$	411		$	356		$	282

(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 the JV. See Note 15 — Liabilities for Dispositions and Discontinued Operations and Note 5 — Joint Venture Investment.

	Gross Capital Expenditures
	2012		2011			2010
Forest Resources (a)	$	156	$	468		$	41
Performance Fibers (b)	309		140			98
Wood Products	2		3			1
Corporate and other	1		2			4
Total assets acquired	$	468	$	613		$	144
Less: Assumption of loan for timberlands acquisition	—		(105		)	—
Total capital expenditures	$	468	$	508		$	144

(a) Includes strategic timberland acquisitions of $107 million, $426 million (including assumption of a $105 million loan) and $5 million in 2012, 2011 and 2010, respectively.

(b) Includes $201 million and $43 million of strategic capital expenditures related to the Jesup mill CSE in 2012 and 2011, respectively.

	Depreciation, Depletion and Amortization
	2012		2011		2010
Forest Resources	$	75	$	63	$	59
Real Estate	8		12		22
Performance Fibers	61		56		58
Wood Products	3		3		3
Corporate and other	2		2		1
Total	$	149	$	136	$	143

	Identifiable Assets
	2012		2011
Forest Resources	$	1,690	$	1,604
Real Estate	113		103
Performance Fibers	902		646
Wood Products	18		21
Other Operations	23		25
Corporate and other	377		170
Total	$	3,123	$	2,569

	Sales by Product Line
	2012		2011		2010
Forest Resources	$	230	$	215	$	177
Real Estate
Development	2		4		3
Rural	39		33		28
Non-Strategic Timberlands	16		34		65
Total Real Estate	57		71		96
Performance Fibers
Cellulose specialties	935		824		686
Absorbent materials	158		196		195
Total Performance Fibers	1,093		1,020		881
Wood Products	88		68		68
Other	103		115		93
Total Sales	$	1,571	$	1,489	$	1,315

	Geographical Operating Information
	Sales						Operating Income						Identifiable Assets
	2012		2011		2010		2012		2011		2010		2012		2011
United States	$	1,467	$	1,378	$	1,228	$	409	$	350	$	268	$	3,022	$	2,473
New Zealand	104		111		87		2		6		14		101		95
All other	—		—		—		—		—		—		—		1
Total	$	1,571	$	1,489	$	1,315	$	411	$	356	$	282	$	3,123	$	2,569

	Sales by Destination
	2012		%	2011		%	2010		%
United States	$	778	50	$	737	49	$	693	53
China	281		18	277		19	213		16
Europe	182		12	173		12	152		12
Japan	170		11	159		11	129		10
Other Asia	68		4	55		4	49		4
Latin America	53		3	36		2	35		3
New Zealand	18		1	22		1	17		1
Canada	4		—	9		1	10		1
All other	17		1	21		1	17		—
Total Sales	$	1,571	100	$	1,489	100	$	1,315	100

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