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Consolidated Balance Sheets (USD $)
In Millions
Jun. 30, 2011
PLUM CREEK TIMBER CO INC [Member]
Dec. 31, 2010
PLUM CREEK TIMBER CO INC [Member]
Jun. 30, 2011
PLUM CREEK TIMBERLANDS L P [Member]
Mar. 31, 2011
PLUM CREEK TIMBERLANDS L P [Member]
Dec. 31, 2010
PLUM CREEK TIMBERLANDS L P [Member]
Current Assets:          
Cash and Cash Equivalents $ 253 $ 252 $ 253   $ 252
Accounts Receivable 33 21 33   21
Like-Kind Exchange Funds Held in Escrow 35 0 35   0
Inventories 43 49 43   49
Deferred Tax Asset 7 7 7   7
Assets Held for Sale 39 57 39   57
Other Current Assets 16 24 16   24
Total Current Assets 426 410 426   410
Timber and Timberlands, net 3,383 3,405 3,383   3,405
Property, Plant and Equipment, net 142 146 142   146
Equity Investment in Timberland Venture 203 201 203   201
Deferred Tax Asset 6 10 6   10
Investment in Grantor Trusts (at Fair Value) 38 35 39   36
Other Assets 42 44 42   44
Total Assets 4,240 4,251 4,241   4,252
Current Liabilities:          
Current Portion of Long-Term Debt 395 94 395   94
Line of Credit 227 166 227   166
Accounts Payable 31 25 31   25
Interest Payable 26 23 19   16
Wages Payable 12 23 12   23
Taxes Payable 14 12 14   12
Deferred Revenue 36 25 36   25
Other Current Liabilities 8 7 8   7
Total Current Liabilities 749 375 742   368
Long-Term Debt 1,293 1,643 1,293   1,643
Note Payable to Timberland Venture 783 783      
Other Liabilities 81 76 82   77
Total Liabilities 2,906 2,877 2,117   2,088
Commitments and Contingencies          
Stockholders' Equity          
Preferred Stock, $0.01 Par Value, Authorized Shares - 75.0, Outstanding - None 0 0      
Common Stock, $0.01 Par Value, Authorized Shares - 300.6, Outstanding (net of Treasury Stock) - 162.0 at June 30, 2011 and 161.6 at December 31, 2010 2 2      
Additional Paid-In Capital 2,256 2,243      
Retained Earnings (Accumulated Deficit) (3) 51      
Treasury Stock, at Cost, Common Shares - 26.2 at June 30, 2011 and 26.2 at December 31, 2010 (912) (911)      
Accumulated Other Comprehensive Income (Loss) (9) (11)      
Total Stockholders' Equity 1,334 1,374      
Total Liabilities and Stockholders' Equity 4,240 4,251      
PARTNERSHIP CAPITAL          
Series T-1 Preferred Interest     790   790
Partners' Capital (Common Partnership Interests)     1,334   1,374
Total Partnership Capital     2,124 2,143 2,164
Total Liabilities and Partnership Capital     $ 4,241   $ 4,252