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Consolidated Statements of Cash Flows (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 82 $ 122
PLUM CREEK TIMBER CO INC [Member]
   
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income 82 122
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities:    
Depreciation, Depletion and Amortization 44 48
Basis of Real Estate Sold 43 43
Equity Earnings from Timberland Venture (30) (29)
Distributions from Timberland Venture 28 28
Deferred Income Taxes 4 1
Gain on Sale of Properties and Other Assets 0 (13)
Deferred Revenue from Long-Term Gas Leases (Net of Amortization) 12 6
Working Capital Changes Impacting Cash Flow:    
Like-Kind Exchange Funds (35) 0
Other Working Capital Changes 4 (7)
Other 5 8
Net Cash Provided By Operating Activities 157 207
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital Expenditures (Excluding Timberland Acquisitions) (28) (31)
Timberlands and Minerals Acquired (12) 0
Proceeds from Sale of Properties and Other Assets 0 13
Net Cash Used In Investing Activities (40) (18)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends (136) (136)
Borrowings on Line of Credit 555 1,137
Repayments on Line of Credit (494) (1,137)
Principal Payments and Retirement of Long-Term Debt (49) (53)
Proceeds from Stock Options Exercises 9 2
Acquisition of Treasury Stock (1) (51)
Net Cash Used In Financing Activities (116) (238)
Increase (Decrease) In Cash and Cash Equivalents 1 (49)
Cash and Cash Equivalents:    
Beginning of Period 252 299
End of Period 253 250
PLUM CREEK TIMBERLANDS L P [Member]
   
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income before Allocation to Preferred Partnership Interest and Partners 111 151
Net Income 82 122
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities:    
Depreciation, Depletion and Amortization 44 48
Basis of Real Estate Sold 43 43
Equity Earnings from Timberland Venture (30) (29)
Distributions from Timberland Venture 28 28
Deferred Income Taxes 4 1
Gain on Sale of Properties and Other Assets 0 (13)
Deferred Revenue from Long-Term Gas Leases (Net of Amortization) 12 6
Working Capital Changes Impacting Cash Flow:    
Like-Kind Exchange Funds (35) 0
Other Working Capital Changes 4 (7)
Other 5 8
Net Cash Provided By Operating Activities 186 236
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital Expenditures (Excluding Timberland Acquisitions) (28) (31)
Timberlands and Minerals Acquired (12) 0
Proceeds from Sale of Properties and Other Assets 0 13
Net Cash Used In Investing Activities (40) (18)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash Distributions to Common Partners (128) (185)
Cash Distributions for Series T-1 Preferred Interest (29) (29)
Borrowings on Line of Credit 555 1,137
Repayments on Line of Credit (494) (1,137)
Principal Payments and Retirement of Long-Term Debt (49) (53)
Net Cash Used In Financing Activities (145) (267)
Increase (Decrease) In Cash and Cash Equivalents 1 (49)
Cash and Cash Equivalents:    
Beginning of Period 252 299
End of Period $ 253 $ 250