RAYONIER, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
SALES	$ 201,579	$ 195,287	$ 589,526	$ 663,674
Costs and Expenses
Cost of sales	(145,622)	(152,079)	(463,197)	(507,381)
Selling and general expenses	(18,947)	(16,886)	(54,677)	(49,002)
Other operating (expense) income, net (Note 14)	(1,654)	14,581	(5,571)	14,398
Costs and expenses	(166,223)	(154,384)	(523,445)	(541,985)
OPERATING INCOME	35,356	40,903	66,081	121,689
Interest expense, net	(12,598)	(9,056)	(36,755)	(26,476)
Interest and other miscellaneous income, net	529	1,252	21,725	990
INCOME BEFORE INCOME TAXES	23,287	33,099	51,051	96,203
Income tax expense (Note 16)	(547)	(1,238)	(1,777)	(8,056)
NET INCOME	22,740	31,861	49,274	88,147
Less: Net income attributable to noncontrolling interests in consolidated affiliates	(3,183)	(10,828)	(1,902)	(12,478)
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	19,237	20,578	46,561	73,999
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustment, net of income tax effect of $0, $0, $0 and $0	(4,413)	(25,392)	(17,350)	(55,220)
Cash flow hedges, net of income tax effect of $75, $2,488, $322 and $5,677	7,379	20,147	7,002	66,329
Amortization of pension and postretirement plans, net of income tax expense of $0, $0, $0 and $0	2	188	4	564
Total other comprehensive income (loss)	2,968	(5,057)	(10,344)	11,673
COMPREHENSIVE INCOME	25,708	26,804	38,930	99,820
Less: Comprehensive income attributable to noncontrolling interests in consolidated affiliates	(2,906)	(8,029)	(884)	(6,670)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	22,429	18,285	37,454	91,003
Rayonier Limited Partnership
SALES	201,579	195,287	589,526	663,674
Costs and Expenses
Cost of sales	(145,622)	(152,079)	(463,197)	(507,381)
Selling and general expenses	(18,947)	(16,886)	(54,677)	(49,002)
Other operating (expense) income, net (Note 14)	(1,654)	14,581	(5,571)	14,398
Costs and expenses	(166,223)	(154,384)	(523,445)	(541,985)
OPERATING INCOME	35,356	40,903	66,081	121,689
Interest expense, net	(12,598)	(9,056)	(36,755)	(26,476)
Interest and other miscellaneous income, net	529	1,252	21,725	990
INCOME BEFORE INCOME TAXES	23,287	33,099	51,051	96,203
Income tax expense (Note 16)	(547)	(1,238)	(1,777)	(8,056)
NET INCOME	22,740	31,861	49,274	88,147
Less: Net income attributable to noncontrolling interests in consolidated affiliates	(3,183)	(10,828)	(1,902)	(12,478)
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	19,557	21,033	47,372	75,669
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustment, net of income tax effect of $0, $0, $0 and $0	(4,413)	(25,392)	(17,350)	(55,220)
Cash flow hedges, net of income tax effect of $75, $2,488, $322 and $5,677	7,379	20,147	7,002	66,329
Amortization of pension and postretirement plans, net of income tax expense of $0, $0, $0 and $0	2	188	4	564
Total other comprehensive income (loss)	2,968	(5,057)	(10,344)	11,673
COMPREHENSIVE INCOME	25,708	26,804	38,930	99,820
Less: Comprehensive income attributable to noncontrolling interests in consolidated affiliates	(2,906)	(8,029)	(884)	(6,670)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$ 22,802	$ 18,775	$ 38,046	$ 93,150
EARNINGS PER UNIT (NOTE 5)
Basic earnings per unit attributable to Rayonier, L.P. (in dollars per unit)	$ 0.13	$ 0.14	$ 0.31	$ 0.51
Diluted earnings per unit attributable to Rayonier, L.P. (in dollars per unit)	$ 0.13	$ 0.14	$ 0.31	$ 0.50
Rayonier Limited Partnership | Limited Partners’ Capital
Costs and Expenses
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	$ 19,361	$ 20,823	$ 46,898	$ 74,912
Rayonier Limited Partnership | General Partners’ Capital
Costs and Expenses
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	$ 196	$ 210	$ 474	$ 757