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SEGMENT AND GEOGRAPHICAL INFORMATION
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHICAL INFORMATION SEGMENT AND GEOGRAPHICAL INFORMATION
As of December 31, 2022 Rayonier operated in five reportable segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate, and Trading. The previously reported Timber Funds segment was liquidated in 2021 with all proceeds being distributed to noncontrolling interests at the end of 2022. As a result, disclosure of Timber Funds segment results is not presented for 2022 while prior year results are presented for historical purposes.
Sales between operating segments are made based on estimated fair market value, and intercompany sales, purchases and profits (losses) are eliminated in consolidation. We evaluate financial performance based on segment operating income (loss) and Adjusted Earnings before Interest, Taxes, Depreciation, Depletion and Amortization (“Adjusted EBITDA”). Asset information is not reported by segment, as we do not produce asset information by segment internally.
Operating income as presented in the Consolidated Statements of Income and Comprehensive Income is equal to segment income. Certain income (loss) items in the Consolidated Statements of Income and Comprehensive Income are not allocated to segments. These items, which include interest income (expense), miscellaneous income (expense) and income tax expense, are not considered by management to be part of segment operations and are included under “unallocated interest expense and other.”
Segment information for each of the three years ended December 31 follows:
 Sales by Product Line
 202220212020
Southern Timber $264,201 $204,441 $191,831 
Pacific Northwest Timber162,237 143,021 120,809 
New Zealand Timber274,076 281,158 202,315 
Timber Funds (a)— 199,402 29,557 
Real Estate
Improved Development35,413 51,713 14,498 
Unimproved Development— 37,500 8,426 
Rural59,485 43,088 67,152 
Timberland & Non-Strategic11,400 44 19,255 
Conservation Easements— 3,855 3,099 
Deferred Revenue/Other1,239 (2,380)888 
Large Dispositions30,471 56,048 116,027 
Total Real Estate138,008 189,868 229,345 
Trading70,952 95,364 88,973 
Intersegment eliminations (b)(402)(3,657)(3,676)
Total Sales$909,072 $1,109,597 $859,154 
(a)The years ended December 31, 2021 and December 31, 2020 include $159.1 million and $22.7 million, respectively, of sales attributable to noncontrolling interests in Timber Funds. Included in sales attributable to noncontrolling interests in Timber Funds for the year ended December 31, 2021 is $125.4 million from Fund II Timberland Dispositions attributable to noncontrolling interests in Timber Funds. The year ended December 31, 2021 also includes $31.4 million from Fund II Timberland Dispositions attributable to Rayonier.
(b)The years ended December 31, 2022, 2021 and 2020 include log marketing fees paid to our Trading segment from our Southern Timber and Pacific Northwest Timber segments for marketing log export sales. The years ended December 31, 2021 and December 31, 2020 include the elimination of timberland investment management fees paid to us by the timber funds which were initially recognized as sales and cost of sales within the Timber Funds segment.
 Operating Income (Loss)
 202220212020
Southern Timber (a)$96,616 $66,111 $41,247 
Pacific Northwest Timber (b)15,192 6,827 (9,979)
New Zealand Timber30,621 51,513 29,984 
Timber Funds (c)— 63,219 (13,195)
Real Estate (d)58,495 112,540 71,951 
Trading382 144 (462)
Corporate and other (e)(35,484)(30,579)(45,158)
Total Operating Income165,822 269,775 74,388 
Unallocated interest expense and other(33,642)(44,627)(37,595)
Total Income before Income Taxes$132,180 $225,148 $36,793 
(a)The year ended December 31, 2020 includes $6.0 million of timber write-offs resulting from casualty events. Timber write-offs resulting from casualty events are recorded within the Consolidated Statements of Income and Comprehensive Income under the caption “Cost of sales.”
(b)The year ended December 31, 2022 includes $0.7 million of timber write-offs resulting from casualty events. Timber write-offs resulting from casualty events are recorded within the Consolidated Statements of Income and Comprehensive Income under the caption “Cost of sales.”
(c)The year ended December 31, 2021 includes $45.6 million of operating income attributable to noncontrolling interests in Timber Funds. Included in operating income attributable to noncontrolling interests in Timber Funds for the year ended December 31, 2021 is $41.2 million of income from Fund II Timberland Dispositions. The year ended December 31, 2021 also includes $10.3 million of income on Fund II Timberland Dispositions attributable to Rayonier and a $7.5 million gain on investment in Timber Funds. The year ended December 31, 2020 includes $11.6 million of operating loss attributable to noncontrolling interests in Timber Funds. Included in operating loss attributable to noncontrolling interests in Timber Funds for the year ended December 31, 2020 is $7.3 million related to timber write-offs resulting from casualty events. The year ended December 31, 2020 also includes $1.8 million of timber write-offs resulting from casualty events attributable to Rayonier. Timber write-offs resulting from casualty events are recorded within the Consolidated Statements of Income and Comprehensive Income under the caption “Cost of sales.”
(d)The year ended December 31, 2022 includes an $11.5 million gain associated with the multi-family apartment complex sale attributable to noncontrolling interests. The gain associated with the multi-family apartment complex sale attributable to noncontrolling interests was recorded within the Consolidated Statements of Income and Comprehensive Income under the caption “Other operating income, net”. The years ended December 31, 2022, 2021 and 2020 include $16.6 million, $44.8 million and $28.7 million, respectively, from Large Dispositions.
(e)The year ended December 31, 2020 includes $17.2 million of integration and restructuring costs related to the merger with Pope Resources.
 Gross Capital Expenditures
 202220212020
Capital Expenditures (a)
Southern Timber$39,301 $35,790 $35,505 
Pacific Northwest Timber 16,770 16,585 11,367 
New Zealand Timber 18,455 20,128 16,595 
Timber Funds (b)— 3,271 2,606 
Real Estate285 191 428 
Corporate and other— — — 
Total capital expenditures$74,811 $75,965 $66,500 
Timberland Acquisitions (c)
Southern Timber $457,770 $168,188 $24,241 
Pacific Northwest Timber26 — — 
New Zealand Timber734 10,927 454 
Total timberland acquisitions$458,530 $179,115 $24,695 
Total Gross Capital Expenditures$533,341 $255,080 $91,195 
(a)Excludes timberland acquisitions presented separately in addition to real estate development investments of $13.7 million, $12.5 million and $6.5 million in the years ended December 31, 2022, 2021 and 2020, respectively.
(b)The years ended December 31, 2021 and December 31, 2020 include $2.8 million and $2.3 million, respectively, of capital expenditures attributable to noncontrolling interests in Timber Funds.
(c)Excludes timberland acquired in the Pope Resources merger.
 Depreciation,
Depletion and Amortization
 202220212020
Southern Timber$60,298 $54,116 $61,827 
Pacific Northwest Timber48,024 50,487 47,107 
New Zealand Timber23,876 27,005 25,030 
Timber Funds (a)— 97,943 11,884 
Real Estate (b)22,216 17,746 53,093 
Corporate and other 1,255 1,208 1,427 
Total$155,669 $248,505 $200,368 
(a)The year ended December 31, 2021 includes $78.9 million of depreciation, depletion, and amortization attributable to noncontrolling interests in Timber Funds. Included in depreciation, depletion, and amortization attributable to noncontrolling interests in Timber Funds for the year ended December 31, 2021 is $66.4 million related to Fund II Timberland Dispositions. The year ended December 31, 2021 also includes $16.6 million related to Fund II Timberland Dispositions attributable to Rayonier. The year ended December 31, 2020 includes $10.3 million of depreciation, depletion and amortization attributable to noncontrolling interests in Timber Funds.
(b)The years ended December 31, 2022, 2021 and 2020 include $8.3 million, $9.8 million and $35.4 million, respectively, from Large Dispositions.
 Non-Cash Cost of Land and Improved Development
 202220212020
Timber Funds (a)— $20,239 — 
Real Estate (b)32,934 25,070 82,008 
Total$32,934 $45,309 $82,008 
(a)The year ended December 31, 2021 includes $20.2 million of non-cash cost of land and improved development from Fund II Timberland Dispositions, of which $16.2 million was attributable to noncontrolling interests in Timber Funds and $4.0 million was attributable to Rayonier.
(b)The years ended December 31, 2022, 2021 and 2020 include $4.6 million, $0.1 million and $51.6 million, respectively, from Large Dispositions.
 Geographical Operating Information
 SalesOperating IncomeIdentifiable Assets
 20222021202020222021202020222021
United States$576,780 $732,995 $567,998 $135,900 $217,964 $44,877 $3,244,128 $3,046,707 
New Zealand332,292 376,602 291,156 29,922 51,811 29,511 545,243 589,649 
Total$909,072 $1,109,597 $859,154 $165,822 $269,775 $74,388 $3,789,371 $3,636,356