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Consolidated Statements of Income (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest Expense, net:        
Income from Continuing Operations     $ 82 $ 111
Gain on Sale of Properties, net of tax     0 11
Net Income 44 35 82 122
PER SHARE AMOUNTS:        
Income from Continuing Operations - Basic     $ 0.51 $ 0.68
Income from Continuing Operations - Diluted     $ 0.50 $ 0.68
Net Income per Share-Basic $ 0.27 $ 0.21 $ 0.51 $ 0.75
Net Income per Share-Diluted $ 0.27 $ 0.21 $ 0.50 $ 0.75
Weighted-Average Number of Shares Outstanding        
-Basic 162.0 162.3 161.9 162.6
-Diluted 162.3 162.5 162.2 162.8
PLUM CREEK TIMBER CO INC [Member]
       
REVENUES:        
Timber 126 133 267 284
Real Estate 79 43 141 142
Manufacturing 74 78 141 138
Other 5 4 10 11
Total Revenues 284 258 559 575
COSTS AND EXPENSES:        
Timber 101 100 208 209
Real Estate 27 16 49 51
Manufacturing 67 68 128 122
Other 1 1 1 1
Total Cost of Goods Sold 196 185 386 383
Selling, General and Administrative 25 21 53 50
Total Costs and Expenses 221 206 439 433
Other Operating Income (Expense), net 0 4 3 9
Operating Income 63 56 123 151
Equity Earnings from Timberland Venture 16 15 30 29
Interest Expense, net:        
Interest Expense (Debt Obligations to Unrelated Parties) 20 19 41 39
Interest Expense (Note Payable to Timberland Venture) 15 15 29 29
Total Interest Expense, net 35 34 70 68
Income before Income Taxes 44 37 83 112
Provision (Benefit) for Income Taxes 0 2 1 1
Income from Continuing Operations     82 111
Gain on Sale of Properties, net of tax     0 11
Net Income 44 35 82 122
PER SHARE AMOUNTS:        
Income from Continuing Operations - Basic     $ 0.51 $ 0.68
Income from Continuing Operations - Diluted     $ 0.50 $ 0.68
Net Income per Share-Basic $ 0.27 $ 0.21 $ 0.51 $ 0.75
Net Income per Share-Diluted $ 0.27 $ 0.21 $ 0.50 $ 0.75
Dividends Declared - per Common Share Outstanding $ 0.42 $ 0.42 $ 0.84 $ 0.84
Weighted-Average Number of Shares Outstanding        
-Basic 162.0 162.3 161.9 162.6
-Diluted 162.3 162.5 162.2 162.8
PLUM CREEK TIMBERLANDS L P [Member]
       
REVENUES:        
Timber 126 133 267 284
Real Estate 79 43 141 142
Manufacturing 74 78 141 138
Other 5 4 10 11
Total Revenues 284 258 559 575
COSTS AND EXPENSES:        
Timber 101 100 208 209
Real Estate 27 16 49 51
Manufacturing 67 68 128 122
Other 1 1 1 1
Total Cost of Goods Sold 196 185 386 383
Selling, General and Administrative 25 21 53 50
Total Costs and Expenses 221 206 439 433
Other Operating Income (Expense), net 0 4 3 9
Operating Income 63 56 123 151
Equity Earnings from Timberland Venture 16 15 30 29
Interest Expense, net:        
Total Interest Expense, net 20 19 41 39
Income before Income Taxes 59 52 112 141
Provision (Benefit) for Income Taxes 0 2 1 1
Income from Continuing Operations     111 140
Gain on Sale of Properties, net of tax     0 11
Net Income before Allocation to Series T-1 Preferred Interest and Partners 59 50 111 151
Net Income Allocable to Series T-1 Preferred Interest (15) (15) (29) (29)
Net Income $ 44 $ 35 $ 82 $ 122