COMMITMENTS (COMMITMENTS)

9 Months Ended

Sep. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

The Company leases certain buildings, machinery, and equipment under various operating leases. The Company also has long-term lease agreements on certain timberlands in the Southern U.S. and New Zealand. U.S. leases typically have initial terms of approximately 30 to 65 years, with renewal provisions in some cases. New Zealand timberland lease terms range between 30 and 99 years. Such leases are generally non-cancellable and require minimum annual rental payments.

At September 30, 2015, the future minimum payments under non-cancellable operating and timberland leases were as follows:



	Operating Leases		Timberland Leases (a)		Purchase Obligations (b)		Total
Remaining 2015		$458		$2,946		$2,434		$5,838
2016	1,658		9,278		8,200		19,136
2017	1,202		9,111		6,085		16,398
2018	539		7,515		5,556		13,610
2019	411		7,044		4,187		11,642
Thereafter	1,009		126,095		15,767		142,871
		$5,277		$161,989		$42,229		$209,495


(a)	The majority of timberland leases are subject to increases or decreases based on either the Consumer Price Index, Producer Price Index or market rates.


(b)	Purchase obligations include payments expected to be made on derivative financial instruments.