Rayonier (RYN) 10-Q 1 Nov 19 2019 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2019	Oct. 25, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	1-6780
Entity Registrant Name	RAYONIER INC.
Entity Incorporation, State or Country Code	NC
Entity Tax Identification Number	13-2607329
Entity Address, Address Line One	1 RAYONIER WAY
Entity Address, City or Town	WILDLIGHT
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32097
City Area Code	904
Local Phone Number	357-9100
Title of 12(b) Security	COMMON SHARES, NO PAR VALUE
Trading Symbol	RYN
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		129,313,473
Entity Central Index key	0000052827
Current Fiscal year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
SALES (NOTE 2)	$ 156,417			$ 200,890			$ 532,764	$ 649,991
Costs and Expenses
Cost of sales	(134,463)			(143,261)			(418,169)	(466,167)
Selling and general expenses	(10,102)			(10,800)			(30,896)	(31,304)
Other operating (expense) income, net (Note 16)	(865)			(451)			(2,799)	2,577
Costs and Expenses, Total	(145,430)			(154,512)			(451,864)	(494,894)
OPERATING INCOME	10,987			46,378			80,900	155,097
Interest expense	(7,996)			(7,838)			(23,629)	(23,992)
Interest and other miscellaneous income, net	788			495			3,178	4,020
INCOME BEFORE INCOME TAXES	3,779			39,035			60,449	135,125
Income tax expense (Note 9)	(2,251)			(8,396)			(10,208)	(22,443)
NET INCOME	1,528	$ 20,920	$ 27,793	30,639	$ 39,338	$ 42,706	50,241	112,682
Less: Net income attributable to noncontrolling interest	(1,961)			(7,207)			(7,129)	(12,453)
NET (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC.	(433)			23,432			43,112	100,229
OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation adjustment, net of income tax expense of $0, $0, $0 and $0	(28,524)	(5,604)	6,033	(10,527)	(29,760)	9,688	(28,095)	(30,599)
Cash flow hedges, net of income tax (benefit) expense of ($888), ($401), ($644) and ($2,012)	(12,424)	$ (19,519)	$ (10,686)	4,142	$ 529	$ 16,615	(42,629)	21,285
Amortization of pension and postretirement plans, net of income tax expense of $0, $711, $0 and $711	112			(542)			337	(204)
Total other comprehensive (loss)	(40,836)			(6,927)			(70,387)	(9,518)
COMPREHENSIVE (LOSS) INCOME	(39,308)			23,712			(20,146)	103,164
Less: Comprehensive loss (income) attributable to noncontrolling interest	5,169			(4,533)			(197)	(4,004)
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC.	$ (34,139)			$ 19,179			$ (20,343)	$ 99,160
(LOSS) EARNINGS PER COMMON SHARE (NOTE 12)
Basic (loss) earnings per share attributable to Rayonier Inc. (in dollars per share)	$ 0			$ 0.18			$ 0.33	$ 0.78
Diluted (loss) earnings per share attributable to Rayonier Inc. (in dollars per share)	$ 0			$ 0.18			$ 0.33	$ 0.77

CONSOLIDATED STATEMENTS OF IN_2

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment, tax expense	$ 0	$ 0	$ 0	$ 0
Cash flow hedges, income tax (expense) benefit	(888)	(401)	(644)	(2,012)
Amortization of pension and postretirement plans, tax expense	$ 0	$ 711	$ 0	$ 711

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
CURRENT ASSETS
Cash and cash equivalents	$ 56,946	$ 148,374
Accounts receivable, less allowance for doubtful accounts of $24 and $8	26,059	26,151
Inventory (Note 17)	8,352	15,703
Prepaid expenses	14,894	17,016
Other current assets	279	609
Total current assets	106,530	207,853
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,408,310	2,401,327
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 7)	89,456	85,609
PROPERTY, PLANT AND EQUIPMENT
Land	4,131	4,131
Buildings	22,345	22,503
Machinery and equipment	3,680	3,534
Construction in progress	1,223	567
Total property, plant and equipment, gross	31,379	30,735
Less — accumulated depreciation	(9,179)	(7,984)
Total property, plant and equipment, net	22,200	22,751
RESTRICTED CASH (NOTE 18)	2,988	8,080
RIGHT-OF-USE ASSETS (NOTE 3)	97,432	0
OTHER ASSETS	40,162	55,046
TOTAL ASSETS	2,767,078	2,780,666
CURRENT LIABILITIES
Accounts payable	19,556	18,019
Accrued taxes	8,096	3,178
Accrued payroll and benefits	6,559	10,416
Accrued interest	7,976	5,007
Deferred revenue	15,320	10,447
Other current liabilities	26,262	16,474
Total current liabilities	83,769	63,541
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS (NOTE 6)	972,989	972,567
PENSION AND OTHER POSTRETIREMENT BENEFITS (NOTE 15)	23,953	29,800
LONG-TERM LEASE LIABILITY (NOTE 3)	88,387	0
OTHER NON-CURRENT LIABILITIES	82,359	60,208
COMMITMENTS AND CONTINGENCIES (NOTES 8 and 10)
SHAREHOLDERS’ EQUITY
Common Shares, 480,000,000 shares authorized,129,311,893 and 129,488,675 shares issued and outstanding	886,229	884,263
Retained earnings	602,051	672,371
Accumulated other comprehensive (loss) income (Note 19)	(63,216)	239
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,425,064	1,556,873
Noncontrolling interest	90,557	97,677
TOTAL SHAREHOLDERS’ EQUITY	1,515,621	1,654,550
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,767,078	$ 2,780,666

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current Assets:
Allowance for doubtful accounts	$ 24	$ 8
Shareholders’ Equity:
Common shares, shares authorized (in shares)	480,000,000	480,000,000
Common shares, shares issued (in shares)	129,311,893	129,488,675
Common shares, shares outstanding (in shares)	129,311,893	129,488,675

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Shares	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2017		128,970,776
Beginning balance at Dec. 31, 2017	$ 1,692,940	$ 872,228	$ 707,378	$ 13,417	$ 99,917
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	42,706		40,539		2,167
Dividends	(32,634)		(32,634)
Issuance of shares under incentive stock plans (in shares)		204,336
Issuance of shares under incentive stock plans	5,455	$ 5,455
Stock-based compensation	1,262	$ 1,262
Repurchase of common shares (in shares)		(811)
Repurchase of common shares	(18)	$ (18)
Amortization of pension and postretirement plan liabilities	159			159
Foreign currency translation adjustment	9,688			7,606	2,082
Cash flow hedges	16,615			16,381	234
Ending balance (in shares) at Mar. 31, 2018		129,174,301
Ending balance at Mar. 31, 2018	1,736,173	$ 878,927	715,283	37,563	104,400
Beginning balance (in shares) at Dec. 31, 2017		128,970,776
Beginning balance at Dec. 31, 2017	1,692,940	$ 872,228	707,378	13,417	99,917
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	112,682
Foreign currency translation adjustment	(30,599)
Cash flow hedges	21,285
Ending balance (in shares) at Sep. 30, 2018		129,467,237
Ending balance at Sep. 30, 2018	1,701,099	$ 882,421	705,531	12,348	100,799
Beginning balance (in shares) at Mar. 31, 2018		129,174,301
Beginning balance at Mar. 31, 2018	1,736,173	$ 878,927	715,283	37,563	104,400
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	39,338		36,258		3,080
Dividends	(35,213)		(35,213)
Issuance of shares under incentive stock plans (in shares)		357,139
Issuance of shares under incentive stock plans	2,369	$ 2,369
Stock-based compensation	2,212	$ 2,212
Repurchase of common shares (in shares)		(80,172)
Repurchase of common shares	(2,948)	$ (2,948)
Amortization of pension and postretirement plan liabilities	178			178
Foreign currency translation adjustment	(29,760)			(22,857)	(6,903)
Cash flow hedges	529			1,717	(1,189)
Ending balance (in shares) at Jun. 30, 2018		129,451,268
Ending balance at Jun. 30, 2018	1,712,877	$ 880,560	716,328	16,601	99,388
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	30,639		23,432		7,207
Dividends	(34,940)		(34,940)
Issuance of shares under incentive stock plans (in shares)		16,382
Issuance of shares under incentive stock plans	392	$ 392
Stock-based compensation	1,483	$ 1,483
Repurchase of common shares (in shares)		(413)
Repurchase of common shares	(14)	$ (14)
Amortization of pension and postretirement plan liabilities	169			169
Foreign currency translation adjustment	(10,527)			(8,090)	(2,437)
Cash flow hedges	4,142			4,379	(237)
Distribution to minority shareholder	(3,122)				(3,122)
Ending balance (in shares) at Sep. 30, 2018		129,467,237
Ending balance at Sep. 30, 2018	1,701,099	$ 882,421	705,531	12,348	100,799
Beginning balance (in shares) at Dec. 31, 2018		129,488,675
Beginning balance at Dec. 31, 2018	1,654,550	$ 884,263	672,371	239	97,677
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	27,793		24,794		2,999
Dividends	(35,049)		(35,049)
Issuance of shares under incentive stock plans (in shares)		26,031
Issuance of shares under incentive stock plans	597	$ 597
Stock-based compensation	1,477	$ 1,477
Repurchase of common shares (in shares)		(1,140)
Repurchase of common shares	(33)	$ (33)
Amortization of pension and postretirement plan liabilities	112			112
Foreign currency translation adjustment	6,033			4,680	1,353
Cash flow hedges	(10,686)			(10,884)	198
Distribution to minority shareholder	(3,594)				(3,594)
Ending balance (in shares) at Mar. 31, 2019		129,513,566
Ending balance at Mar. 31, 2019	1,641,200	$ 886,304	662,116	(5,853)	98,633
Beginning balance (in shares) at Dec. 31, 2018		129,488,675
Beginning balance at Dec. 31, 2018	1,654,550	$ 884,263	672,371	239	97,677
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	50,241
Foreign currency translation adjustment	(28,095)
Cash flow hedges	(42,629)
Ending balance (in shares) at Sep. 30, 2019		129,311,893
Ending balance at Sep. 30, 2019	1,515,621	$ 886,229	602,051	(63,216)	90,557
Beginning balance (in shares) at Mar. 31, 2019		129,513,566
Beginning balance at Mar. 31, 2019	1,641,200	$ 886,304	662,116	(5,853)	98,633
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	20,920		18,752		2,168
Dividends	(35,125)		(35,125)
Issuance of shares under incentive stock plans (in shares)		250,344
Issuance of shares under incentive stock plans	177	$ 177
Stock-based compensation	2,344	$ 2,344
Repurchase of common shares (in shares)		(134,194)
Repurchase of common shares	(4,207)	$ (4,207)
Amortization of pension and postretirement plan liabilities	112			112
Foreign currency translation adjustment	(5,604)			(4,305)	(1,299)
Cash flow hedges	(19,519)			(19,465)	(54)
Ending balance (in shares) at Jun. 30, 2019		129,629,716
Ending balance at Jun. 30, 2019	1,600,298	$ 884,618	645,743	(29,511)	99,448
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	1,528		(433)		1,961
Dividends	(34,829)		(34,829)
Issuance of shares under incentive stock plans (in shares)		2,423
Issuance of shares under incentive stock plans	57	$ 57
Stock-based compensation	1,562	$ 1,562
Repurchase of common shares (in shares)		(320,246)
Repurchase of common shares	(8,438)	$ (8)	(8,430)
Amortization of pension and postretirement plan liabilities	112			112
Foreign currency translation adjustment	(28,524)			(21,918)	(6,606)
Cash flow hedges	(12,424)			(11,899)	(525)
Distribution to minority shareholder	(3,721)				(3,721)
Ending balance (in shares) at Sep. 30, 2019		129,311,893
Ending balance at Sep. 30, 2019	$ 1,515,621	$ 886,229	$ 602,051	$ (63,216)	$ 90,557

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018
Statement of Stockholders' Equity [Abstract]
Dividends declared (in dollars per share)	$ 0.27	$ 0.27	$ 0.27	$ 0.27	$ 0.27	$ 0.25

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018
OPERATING ACTIVITIES
Net income		$ 50,241	$ 112,682
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation, depletion and amortization		91,939	115,726
Non-cash cost of land and improved development		9,985	17,051
Stock-based incentive compensation expense		5,383	4,957
Deferred income taxes		8,133	21,019
Amortization of losses from pension and postretirement plans		337	507
Other		(760)	3,470
Changes in operating assets and liabilities:
Receivables		(1,839)	(15,261)
Inventories		(1,107)	1,085
Accounts payable		2,021	(825)
All other operating activities		(140)	640
CASH PROVIDED BY OPERATING ACTIVITIES		164,193	261,051
INVESTING ACTIVITIES
Capital expenditures		(45,271)	(44,137)
Real estate development investments		(3,349)	(6,889)
Purchase of timberlands		(81,913)	(38,978)
Other		(2,219)	2,132
CASH USED FOR INVESTING ACTIVITIES		(132,752)	(87,872)
FINANCING ACTIVITIES
Issuance of debt		0	1,014
Repayment of debt		0	(54,416)
Dividends paid		(106,125)	(101,839)
Proceeds from the issuance of common shares under incentive stock plan		831	8,216
Repurchase of common shares		(4,249)	(2,980)
Repurchase of common shares made under repurchase program		(8,430)	0
Proceeds from shareholder distribution hedge		135	610
Distribution to minority shareholder		(7,315)	(3,122)
CASH USED FOR FINANCING ACTIVITIES		(125,153)	(152,517)
EFFECT OF EXCHANGE RATE CHANGES ON CASH		(2,808)	(1,341)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Change in cash, cash equivalents and restricted cash		(96,520)	19,321
Balance, beginning of year		156,454	172,356
Balance, end of period		59,934	191,677
Cash paid during the period:
Interest	[1]	20,578	20,910
Income taxes		1,352	824
Non-cash investing activity:
Capital assets purchased on account		$ 2,271	$ 2,848
[1]	Interest paid is presented net of patronage payments received of $4.0 million and $4.1 million for the nine months ended September 30, 2019 and September 30, 2018 , respectively. For additional information on patronage payments, see Note 5 — Debt in the 2018 Form 10-K.

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Statement of Cash Flows [Abstract]
Patronage refunds received, netted with interest paid	$ 4	$ 4.1

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The unaudited consolidated financial statements and notes thereto of Rayonier Inc. and its subsidiaries (“Rayonier” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). The year-end balance sheet information was derived from audited financial statements not included herein. In the opinion of management, these financial statements and notes reflect any adjustments (all of which are normal recurring adjustments) necessary for a fair presentation of the results of operations, financial position and cash flows for the periods presented. These statements and notes should be read in conjunction with the financial statements and supplementary data included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 , as filed with the SEC (the “2018 Form 10-K”). SUMMARY OF UPDATES TO SIGNIFICANT ACCOUNTING POLICIES For information on updated significant accounting policies due to the adoption of ASC 842, see Note 3 — Leases . For a full description of our other significant accounting policies, see Note 1 — Basis of Presentation in the 2018 Form 10-K. RECENTLY ADOPTED STANDARDS ASU 2016-02 (ASC 842) The Company adopted Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) , on January 1, 2019 and elected to apply the standard as of that day. As such, the Consolidated Balance Sheet as of September 30, 2019 includes right-of-use assets and lease liabilities related to the rights and obligations created by the Company’s long-term leases. Prior periods have not been restated. The Company applied the following practical expedients in the transition to the new standard as allowed under ASC 842-10-65-1: Practical Expedient Description Reassessment of expired or existing contracts The Company elected not to reassess, at the application date, whether any expired or existing contracts contained leases, the lease classification for any expired or existing leases, and the accounting for initial direct costs for any existing leases. Use of hindsight The Company elected to use hindsight in determining the lease term (that is, when considering options to extend or terminate the lease and to purchase the underlying asset) and in assessing impairment of right-of-use assets. Reassessment of existing or expired land easements The Company elected not to evaluate existing or expired land easements that were not previously accounted for as leases under ASC 840, as allowed under the transition practical expedient. Going forward, new or modified land easements will be evaluated under ASU No. 2016-02. See Note 3 — Leases for additional qualitative and quantitative disclosures required under ASU No. 2016-02. OTHER RECENTLY ADOPTED STANDARDS The Company adopted ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities in the first quarter ended March 31, 2019 with no material impact on the consolidated financial statements. The Company adopted ASU No 2018-07, Compensation—Stock Compensation (Topic 718): Improvements to Non-employee Share-Based Payment Accounting in the first quarter ended March 31, 2019 with no impact on the consolidated financial statements. NEW ACCOUNTING STANDARDS During the nine months ended September 30, 2019 , the Financial Accounting Standards Board (“FASB”) has not issued any Accounting Standard Updates which are expected to have a material retrospective or future effect on the consolidated financial statements. SUBSEQUENT EVENTS The Company has evaluated events occurring from September 30, 2019 to the date of issuance of these Consolidated Financial Statements for potential recognition or disclosure in the consolidated financial statements. No events were identified that warranted recognition or disclosure.

REVENUE

REVENUE	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE PERFORMANCE OBLIGATIONS The Company recognizes revenues when control of promised goods or services (“performance obligations”) is transferred to customers, in an amount that reflects the consideration expected in exchange for those goods or services (“transaction price”). The Company generally satisfies performance obligations within a year of entering into a contract and therefore has applied the disclosure exemption found under ASC 606-10-50-14. Unsatisfied performance obligations as of September 30, 2019 are primarily due to advances on stumpage contracts and unearned license revenue. These performance obligations are expected to be satisfied within the next twelve months. The Company generally collects payment within a year of satisfying performance obligations and therefore has elected not to adjust revenues for a financing component. CONTRACT BALANCES The timing of revenue recognition, invoicing and cash collections results in accounts receivable and deferred revenue (contract liabilities) on the Consolidated Balance Sheets. Accounts receivable are recorded when the Company has an unconditional right to consideration for completed performance under the contract. Contract liabilities relate to payments received in advance of performance under the contract. Contract liabilities are recognized as revenue as (or when) the Company performs under the contract. The following table summarizes revenue recognized during the three and nine months ended September 30, 2019 and 2018 that was included in the contract liability balance at the beginning of each year: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Revenue recognized from contract liability balance at the beginning of the year (a) $874 $355 $9,670 $8,685 (a) Revenue recognized was primarily from hunting licenses and the use of advances on pay-as-cut timber sales. The following tables present our revenue from contracts with customers disaggregated by product type for the three and nine months ended September 30, 2019 and 2018 : Three Months Ended Southern Timber Pacific Northwest Timber New Zealand Timber Real Estate Trading Elim. Total September 30, 2019 Pulpwood $19,093 $2,109 $7,930 — $2,795 — $31,927 Sawtimber 11,581 16,064 51,415 — 22,214 — 101,274 Hardwood 2,338 — — — — — 2,338 Total Timber Sales 33,012 18,173 59,345 — 25,009 — 135,539 License Revenue, Primarily From Hunting 4,351 199 91 — — — 4,641 Other Non-Timber/Carbon Revenue 3,919 394 2,563 — — — 6,876 Agency Fee Income — — — — 149 — 149 Total Non-Timber Sales 8,270 593 2,654 — 149 — 11,666 Improved Development — — — 4,492 — — 4,492 Rural — — — 3,841 — — 3,841 Non-strategic / Timberlands — — — 428 — — 428 Other — — — 451 — — 451 Total Real Estate Sales — — — 9,212 — — 9,212 Revenue from Contracts with Customers 41,282 18,766 61,999 9,212 25,158 — 156,417 Intersegment — — — — 34 (34 ) — Total Revenue $41,282 $18,766 $61,999 $9,212 $25,192 ($34 ) $156,417 September 30, 2018 Pulpwood $19,998 $3,560 $7,278 — $2,487 — $33,323 Sawtimber 13,734 23,495 56,663 — 28,321 — 122,213 Hardwood 1,071 — — — — — 1,071 Total Timber Sales 34,803 27,055 63,941 — 30,808 — 156,607 License Revenue, Primarily from Hunting 4,016 224 98 — — — 4,338 Other Non-Timber/Carbon Revenue 843 536 2,226 — — — 3,605 Agency Fee Income — — — — 172 — 172 Total Non-Timber Sales 4,859 760 2,324 — 172 — 8,115 Improved Development — — — 1,352 — — 1,352 Unimproved Development — — — 1,175 — — 1,175 Rural — — — 4,489 — — 4,489 Non-strategic / Timberlands — — — 29,152 — — 29,152 Total Real Estate Sales — — — 36,168 — — 36,168 Revenue from Contracts with Customers 39,662 27,815 66,265 36,168 30,980 — 200,890 Intersegment — — — — 30 (30 ) — Total Revenue $39,662 $27,815 $66,265 $36,168 $31,010 ($30 ) $200,890 Nine Months Ended Southern Timber Pacific Northwest Timber New Zealand Timber Real Estate Trading Elim. Total September 30, 2019 Pulpwood $65,202 $7,196 $25,278 — $10,947 — $108,623 Sawtimber 51,019 48,748 149,705 — 81,104 — 330,576 Hardwood 4,816 — — — — — 4,816 Total Timber Sales 121,037 55,944 174,983 — 92,051 — 444,015 License Revenue, Primarily From Hunting 12,772 404 287 — — — 13,463 Other Non-Timber/Carbon Revenue 14,516 1,508 5,987 — — — 22,011 Agency Fee Income — — — — 531 — 531 Total Non-Timber Sales 27,288 1,912 6,274 — 531 — 36,005 Improved Development — — — 5,007 — — 5,007 Unimproved Development — — — 15,430 — — 15,430 Rural — — — 23,304 — — 23,304 Non-strategic / Timberlands — — — 8,484 — — 8,484 Other — — — 519 — — 519 Total Real Estate Sales — — — 52,744 — — 52,744 Revenue from Contracts with Customers 148,325 57,856 181,257 52,744 92,582 — 532,764 Intersegment — — — — 137 (137 ) — Total Revenue $148,325 $57,856 $181,257 $52,744 $92,719 ($137 ) $532,764 September 30, 2018 Pulpwood $61,898 $11,648 $20,910 — $10,548 — $105,004 Sawtimber 45,452 77,172 162,627 — 105,309 — 390,560 Hardwood 2,882 — — — — — 2,882 Total Timber Sales 110,232 88,820 183,537 — 115,857 — 498,446 License Revenue, Primarily from Hunting 12,137 450 292 — — — 12,879 Other Non-Timber/Carbon Revenue 8,929 2,132 5,053 — — — 16,114 Agency Fee Income — — — — 460 — 460 Total Non-Timber Sales 21,066 2,582 5,345 — 460 — 29,453 Improved Development — — — 3,817 — — 3,817 Unimproved Development — — — 8,621 — — 8,621 Rural — — — 10,969 — — 10,969 Non-strategic / Timberlands — — — 98,685 — — 98,685 Total Real Estate Sales — — — 122,092 — — 122,092 Revenue from Contracts with Customers 131,298 91,402 188,882 122,092 116,317 — 649,991 Intersegment — — — — 66 (66 ) — Total Revenue $131,298 $91,402 $188,882 $122,092 $116,383 ($66 ) $649,991 The following tables present our timber sales disaggregated by contract type for the three and nine months ended September 30, 2019 and 2018 : Three Months Ended Southern Timber Pacific Northwest Timber New Zealand Timber Trading Total September 30, 2019 Stumpage Pay-as-Cut $13,077 — — — $13,077 Stumpage Lump Sum 1,677 — — — 1,677 Total Stumpage 14,754 — — — 14,754 Delivered Wood (Domestic) 16,597 18,173 22,722 624 58,116 Delivered Wood (Export) 1,661 — 36,623 24,385 62,669 Total Delivered 18,258 18,173 59,345 25,009 120,785 Total Timber Sales $33,012 $18,173 $59,345 $25,009 $135,539 September 30, 2018 Stumpage Pay-as-Cut $16,984 — — — $16,984 Stumpage Lump Sum 284 2,143 — — 2,427 Total Stumpage 17,268 2,143 — — 19,411 Delivered Wood (Domestic) 15,856 24,912 24,771 1,813 67,352 Delivered Wood (Export) 1,679 — 39,170 28,995 69,844 Total Delivered 17,535 24,912 63,941 30,808 137,196 Total Timber Sales $34,803 $27,055 $63,941 $30,808 $156,607 Nine Months Ended Southern Timber Pacific Northwest Timber New Zealand Timber Trading Total September 30, 2019 Stumpage Pay-as-Cut $56,257 — — — $56,257 Stumpage Lump Sum 4,353 — — — 4,353 Total Stumpage 60,610 — — — 60,610 Delivered Wood (Domestic) 52,977 55,944 65,161 5,417 179,499 Delivered Wood (Export) 7,450 — 109,822 86,634 203,906 Total Delivered 60,427 55,944 174,983 92,051 383,405 Total Timber Sales $121,037 $55,944 $174,983 $92,051 $444,015 September 30, 2018 Stumpage Pay-as-Cut $59,348 — — — $59,348 Stumpage Lump Sum 2,358 11,854 — — 14,212 Total Stumpage 61,706 11,854 — — 73,560 Delivered Wood (Domestic) 44,399 76,966 70,521 4,317 196,203 Delivered Wood (Export) 4,127 — 113,016 111,540 228,683 Total Delivered 48,526 76,966 183,537 115,857 424,886 Total Timber Sales $110,232 $88,820 $183,537 $115,857 $498,446

LEASES

LEASES	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
LEASES	LEASES ADOPTION OF ASC 842 For information on the adoption of ASC 842, including required transition disclosures, see Note 1 — Basis of Presentation . TIMBERLAND LEASES U.S. timberland leases typically have initial terms of approximately 30 to 65 years , with renewal provisions in some cases. New Zealand timberland lease terms typically range between 30 and 99 years . New Zealand lease arrangements generally consist of Crown Forest Licenses (“CFLs”), forestry rights and land leases. A CFL is a license arrangement to use government or privately owned land to operate a commercial forest. CFLs generally extend indefinitely and may only be terminated upon a 35 -year termination notice. If no termination notice is given, the CFLs renew automatically each year for a one -year term. Alternatively, some CFLs extend for a specific term. Once a CFL is terminated, the Company may be able to obtain a forestry right from the subsequent owner. A forestry right is a license arrangement with a private entity to use their lands to operate a commercial forest. Forestry rights terminate either upon the issuance of a termination notice (which can last 35 to 45 years ), completion of harvest, or a specified termination date. As of September 30, 2019 , the New Zealand subsidiary has two CFLs comprising 9,000 acres under termination notice that are being relinquished as harvest activities are concluded, as well as two fixed-term CFLs comprising 3,000 acres expiring in 2062. Additionally, the New Zealand subsidiary has two forestry rights comprising 32,000 acres under termination notice that are being relinquished as harvest activities are concluded. OTHER NON-TIMBERLAND LEASES In addition to timberland holdings, the Company leases properties for certain office locations. Significant leased properties include a regional office in Lufkin, Texas; a Pacific Northwest Timber office in Hoquiam, Washington and a New Zealand Timber and Trading headquarters in Auckland, New Zealand. LEASE MATURITIES, LEASE COST AND OTHER LEASE INFORMATION The following table details the Company’s undiscounted lease obligations as of September 30, 2019 by type of lease and year of expiration: Year of Expiration Lease obligations Total Remaining 2019 2020 2021 2022 2023 Thereafter Operating lease liabilities $185,166 $4,164 $9,595 $8,869 $8,020 $7,991 $146,527 Total Undiscounted Cash Flows $185,166 $4,164 $9,595 $8,869 $8,020 $7,991 $146,527 Imputed interest (87,239 ) Balance at September 30, 2019 97,927 Less: Current portion (9,540 ) Non-current portion at September 30, 2019 $88,387 The following table details components of the Company’s lease cost for the three and nine months ended September 30, 2019 : Three Months Ended Nine Months Ended September 30, Lease Cost Components 2019 2019 Operating lease cost $1,959 $6,791 Variable lease cost (a) 54 211 Total lease cost (b) $2,013 $7,002 (a) The majority of timberland leases are subject to increases or decreases based on either the Consumer Price Index, Producer Price Index or market rates. (b) Short-term leases with an initial term of 12 months or less are not recorded on the balance sheet. Lease expense for these leases are expensed on a straight line basis over the lease term. Short-term lease expense was not material for the three and nine months ended September 30,2019. The following table details components of the Company’s lease cost for the nine months ended September 30, 2019 : Nine Months Ended September 30, Supplemental cash flow information related to leases: 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $2,152 Investing cash flows from operating leases 4,639 Total cash flows from operating leases $6,791 Weighted-average remaining lease term in years - operating leases 28 Weighted-average discount rate - operating leases 5 % The Company applied the following practical expedients upon adoption of the the new standard as allowed under ASC 842: Practical Expedient Description Short-term leases The Company does not record right-of-use assets or lease liabilities for short-term leases (a lease that at commencement date has a lease term of 12 months or less and does not contain a purchase option that is reasonably certain to be exercised). Separation of lease and non-lease components The Company does not separate non-lease components from the associated lease components if they have the same timing and pattern of transfer and, if accounted for separately, would both be classified as an operating lease.

NEW ZEALAND SUBSIDIARY

NEW ZEALAND SUBSIDIARY	9 Months Ended
	Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
NEW ZEALAND SUBSIDIARY	NEW ZEALAND SUBSIDIARY The Company maintains a 77% controlling financial interest in Matariki Forestry Group (the “New Zealand subsidiary”), a joint venture that owns or leases approximately 414,000 legal acres of New Zealand timberland. Accordingly, the Company consolidates the New Zealand subsidiary’s balance sheet and results of operations. The portions of the consolidated financial position and results of operations attributable to the New Zealand subsidiary’s 23% noncontrolling interest are shown separately within the Consolidated Statements of Income and Comprehensive Income and Consolidated Statements of Shareholders’ Equity. Rayonier New Zealand Limited (“RNZ”), a wholly-owned subsidiary of Rayonier Inc., serves as the manager of the New Zealand subsidiary.

SEGMENT AND GEOGRAPHICAL INFORM

SEGMENT AND GEOGRAPHICAL INFORMATION	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
SEGMENT AND GEOGRAPHICAL INFORMATION	SEGMENT AND GEOGRAPHICAL INFORMATION Sales between operating segments are made based on estimated fair market value, and intercompany sales, purchases and profits (losses) are eliminated in consolidation. The Company evaluates financial performance based on segment operating income (loss) and Adjusted EBITDA. Asset information is not reported by segment, as the Company does 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.” The following tables summarize the segment information for the three and nine months ended September 30, 2019 and 2018 : Three Months Ended September 30, Nine Months Ended September 30, SALES 2019 2018 2019 2018 Southern Timber $41,282 $39,662 $148,325 $131,298 Pacific Northwest Timber 18,766 27,815 57,856 91,402 New Zealand Timber 61,999 66,265 181,257 188,882 Real Estate 9,212 36,168 52,744 122,092 Trading 25,192 31,010 92,719 116,383 Intersegment Eliminations (34 ) (30 ) (137 ) (66 ) Total $156,417 $200,890 $532,764 $649,991 Three Months Ended September 30, Nine Months Ended September 30, OPERATING INCOME (LOSS) 2019 2018 2019 2018 Southern Timber $9,512 $9,183 $45,773 $37,061 Pacific Northwest Timber (3,567 ) 1,911 (11,123 ) 12,209 New Zealand Timber 10,104 16,416 38,621 50,141 Real Estate 425 24,726 25,920 71,645 Trading (37 ) 304 271 680 Corporate and Other (5,450 ) (6,162 ) (18,562 ) (16,639 ) Total Operating Income 10,987 46,378 80,900 155,097 Unallocated interest expense and other (7,208 ) (7,343 ) (20,451 ) (19,972 ) Total Income before Income Taxes $3,779 $39,035 $60,449 $135,125 Three Months Ended September 30, Nine Months Ended September 30, DEPRECIATION, DEPLETION AND AMORTIZATION 2019 2018 2019 2018 Southern Timber $13,025 $13,672 $45,633 $44,591 Pacific Northwest Timber 6,299 7,802 19,170 26,687 New Zealand Timber 7,563 7,544 21,071 21,287 Real Estate 668 5,491 5,202 22,296 Corporate and Other 291 297 863 865 Total $27,846 $34,806 $91,939 $115,726 Three Months Ended September 30, Nine Months Ended September 30, NON-CASH COST OF LAND AND IMPROVED DEVELOPMENT 2019 2018 2019 2018 Real Estate $4,339 $2,115 $9,985 $17,051 Total $4,339 $2,115 $9,985 $17,051

DEBT

DEBT	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
DEBT	DEBT Rayonier’s debt consisted of the following at September 30, 2019 : September 30, 2019 Term Credit Agreement borrowings due 2024 at a variable interest rate of 3.7% at September 30, 2019 (a) $350,000 Senior Notes due 2022 at a fixed interest rate of 3.75% 325,000 Incremental Term Loan Agreement borrowings due 2026 at a variable interest rate of 4.0% at September 30, 2019 (b) 300,000 Total debt 975,000 Less: Deferred financing costs (2,011 ) Long-term debt, net of deferred financing costs $972,989 (a) As of September 30, 2019, the periodic interest rate on the term loan facility was LIBOR plus 1.625% . The Company estimates the effective fixed interest rate on the term loan facility to be approximately 3.3% after consideration of interest rate swaps and estimated patronage refunds. (b) As of September 30, 2019, the periodic interest rate on the incremental term loan was LIBOR plus 1.900% . The Company estimates the effective fixed interest rate on the incremental term loan facility to be approximately 2.8% after consideration of interest rate swaps and estimated patronage refunds. Principal payments due during the next five years and thereafter are as follows: 2019 — 2020 — 2021 — 2022 325,000 2023 — Thereafter 650,000 Total Debt $975,000 2019 DEBT ACTIVITY During the nine months ended September 30, 2019 , the Company made no borrowings or repayments on its Revolving Credit Facility . At September 30, 2019 , the Company had available borrowings of $198.4 million under the Revolving Credit Facility, net of $1.6 million to secure its outstanding letters of credit. During the nine months ended September 30, 2019 , the New Zealand subsidiary made no borrowings or repayments on its working capital facility. At September 30, 2019 , the New Zealand subsidiary had NZ $20.0 million of available borrowings under its working capital facility. DEBT COVENANTS In connection with the Company’s $350 million term credit agreement (the “Term Credit Agreement”), $300 million incremental term loan agreement (the “Incremental Term Loan Agreement”) and $200 million revolving credit facility (the “Revolving Credit Facility”), customary covenants must be met, the most significant of which include interest coverage and leverage ratios. In addition to these financial covenants listed above, the Senior Notes, Term Credit Agreement, Incremental Term Loan Agreement and Revolving Credit Facility include customary covenants that limit the incurrence of debt and the disposition of assets, among others. At September 30, 2019 , the Company was in compliance with all applicable covenants.

HIGHER AND BETTER USE TIMBERLAN

HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS	9 Months Ended
	Sep. 30, 2019
Real Estate [Abstract]
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS	HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS Rayonier continuously assesses potential alternative uses of its timberlands, as some properties may become more valuable for development, residential, recreation or other purposes. The Company periodically transfers, via a sale or contribution from the real estate investment trust (“REIT”) entities to taxable REIT subsidiaries (“TRS”), higher and better use (“HBU”) timberlands to enable land-use entitlement, development or marketing activities. The Company also acquires HBU properties in connection with timberland acquisitions. These properties are managed as timberlands until sold or developed. While the majority of HBU sales involve rural and recreational land, the Company also selectively pursues various land-use entitlements on certain properties for residential, commercial and industrial development in order to enhance the long-term value of such properties. For selected development properties, Rayonier also invests in targeted infrastructure improvements, such as roadways and utilities, to accelerate the marketability and improve the value of such properties. Changes in higher and better use timberlands and real estate development investments from December 31, 2018 to September 30, 2019 are shown below: Higher and Better Use Timberlands and Real Estate Development Investments Land and Timber Development Investments Total Non-current portion at December 31, 2018 $59,189 $26,420 $85,609 Plus: Current portion (a) 4,239 7,680 11,919 Total Balance at December 31, 2018 63,428 34,100 97,528 Non-cash cost of land and improved development (1,432 ) (4,135 ) (5,567 ) Timber depletion from harvesting activities and basis of timber sold in real estate sales (2,301 ) — (2,301 ) Capitalized real estate development investments (b) — 3,349 3,349 Capital expenditures (silviculture) 166 — 166 Intersegment transfers 76 — 76 Total Balance at September 30, 2019 59,937 33,314 93,251 Less: Current portion (a) (341 ) (3,454 ) (3,795 ) Non-current portion at September 30, 2019 $59,596 $29,860 $89,456 (a) The current portion of Higher and Better Use Timberlands and Real Estate Development Investments is recorded in Inventory. See Note 17 — Inventory for additional information. (b) Capitalized real estate development investments include $0.3 million of capitalized interest.

COMMITMENTS

COMMITMENTS	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS	COMMITMENTS At September 30, 2019 , the future minimum payments under non-cancellable commitments were as follows: Development Projects (a) Pension Contributions (b) Commitments (c) Total Remaining 2019 $4,050 $442 $941 $5,433 2020 739 3,606 3,887 8,232 2021 161 682 798 1,641 2022 61 — 741 802 2023 44 — 736 780 Thereafter 108 — 429 537 $5,163 $4,730 $7,532 $17,425 (a) Consists of payments expected to be made on the Company’s Wildlight development project. (b) Pension contribution requirements are based on actuarially determined estimates and IRS minimum funding requirements. (c)

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s timber operations are primarily conducted by the Company’s REIT entity, which is generally not subject to U.S. federal and state income tax. The New Zealand timber operations are conducted by the New Zealand subsidiary, which is subject to corporate-level tax in New Zealand. Non-REIT qualifying operations, which are subject to corporate-level tax, are conducted by various TRS entities. These operations include log trading and certain real estate activities, such as the sale, entitlement and development of HBU properties. PROVISION FOR INCOME TAXES The Company’s tax expense is principally related to New Zealand corporate-level tax on the New Zealand subsidiary income. The following table contains the income tax expense recognized on the Consolidated Statements of Income and Comprehensive Income. Three Months Ended Nine Months Ended 2019 2018 2019 2018 Income tax expense ($2,251 ) ($8,396 ) ($10,208 ) ($22,443 ) ANNUAL EFFECTIVE TAX RATE The Company’s effective tax rate is below the 21.0% U.S. statutory rate due to tax benefits associated with being a REIT. The following table contains the Company’s annualized effective tax rate. Nine Months Ended 2019 2018 Annualized effective tax rate after discrete items 16.6 % 16.5 %

CONTINGENCIES

CONTINGENCIES	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES The Company has been named as a defendant in various lawsuits and claims arising in the normal course of business. While the Company has procured reasonable and customary insurance covering risks normally occurring in connection with its businesses, it has in certain cases retained some risk through the operation of large deductible insurance plans, primarily in the areas of executive risk, property, automobile and general liability. These pending lawsuits and claims, either individually or in the aggregate, are not expected to have a material adverse effect on the Company’s financial position, results of operations, or cash flow.

GUARANTEES

GUARANTEES	9 Months Ended
	Sep. 30, 2019
Guarantees [Abstract]
GUARANTEES	GUARANTEES The Company provides financial guarantees as required by creditors, insurance programs, and various governmental agencies. As of September 30, 2019 , the following financial guarantees were outstanding: Financial Commitments (a) Maximum Potential Payment Standby letters of credit (b) $1,585 Surety bonds (c) 3,487 Total financial commitments $5,072 (a) The Company has not recorded any liabilities for these financial commitments in the Consolidated Balance Sheets. The guarantees are not subject to measurement, as the guarantees are dependent on the Company’s own performance. (b) Approximately $0.6 million of the standby letters of credit serve as credit support for infrastructure at the Company’s Wildlight development project. The remaining letters of credit support various insurance related agreements, primarily workers’ compensation. These letters of credit will expire at various dates during 2019 and 2020 and will be renewed as required. (c) Rayonier issues surety bonds primarily to secure performance obligations related to various operational activities and to provide collateral for outstanding claims under the Company’s previous workers’ compensation self-insurance programs in Washington and Florida. These surety bonds expire at various dates during 2019 and 2020 and are expected to be renewed as required.

(LOSS) EARNINGS PER COMMON SHAR

(LOSS) EARNINGS PER COMMON SHARE	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
(LOSS) EARNINGS PER COMMON SHARE	(LOSS) EARNINGS PER COMMON SHARE The following table provides details of the calculations of basic and diluted (loss) earnings per common share: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Net Income $1,528 $30,639 $50,241 $112,682 Less: Net income attributable to noncontrolling interest (1,961 ) (7,207 ) (7,129 ) (12,453 ) Net (loss) income attributable to Rayonier Inc. ($433 ) $23,432 $43,112 $100,229 Shares used for determining basic (loss) earnings per common share 129,325,181 129,142,931 129,293,562 129,005,074 Dilutive effect of: Stock options — 73,372 13,405 85,000 Performance and restricted shares — 539,571 345,495 584,364 Shares used for determining diluted (loss) earnings per common share 129,325,181 129,755,874 129,652,462 129,674,438 Basic (loss) earnings per common share attributable to Rayonier Inc.: — $0.18 $0.33 $0.78 Diluted (loss) earnings per common share attributable to Rayonier Inc.: — $0.18 $0.33 $0.77 Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Anti-dilutive shares excluded from the computations of diluted (loss) earnings per share: Stock options, performance and restricted shares (a) 611,740 150,313 421,853 192,265 Total 611,740 150,313 421,853 192,265 (a) For the three months ended September 30, 2019, the incremental shares related to stock options, performance shares and restricted shares were not included in the computation of diluted loss per share as their inclusion would have an anti-dilutive effect.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES The Company is exposed to market risk related to potential fluctuations in foreign currency exchange rates and interest rates. The Company uses derivative financial instruments to mitigate the financial impact of exposure to these risks. Accounting for derivative financial instruments is governed by ASC Topic 815, Derivatives and Hedging , (“ASC 815”). In accordance with ASC 815, the Company records its derivative instruments at fair value as either assets or liabilities in the Consolidated Balance Sheets. Changes in the instruments’ fair value are accounted for based on their intended use. Gains and losses on derivatives that are designated and qualify for cash flow hedge accounting are recorded as a component of accumulated other comprehensive (loss) income (“AOCI”) and reclassified into earnings when the hedged transaction materializes. Gains and losses on derivatives that are designated and qualify for net investment hedge accounting are recorded as a component of AOCI and will not be reclassified into earnings until the Company’s investment in its New Zealand operations is partially or completely liquidated. The ineffective portion of any hedge, changes in the fair value of derivatives not designated as hedging instruments and those which are no longer effective as hedging instruments, are recognized immediately in earnings. FOREIGN CURRENCY EXCHANGE AND OPTION CONTRACTS The functional currency of Rayonier’s wholly owned subsidiary, Rayonier New Zealand Limited, and the New Zealand subsidiary is the New Zealand dollar. The New Zealand subsidiary is exposed to foreign currency risk on export sales and ocean freight payments which are mainly denominated in U.S. dollars. The New Zealand subsidiary typically hedges 50% to 90% of its estimated foreign currency exposure with respect to the following twelve months forecasted sales and purchases and up to 75% of the forward 12 to 18 months . Foreign currency exposure from the New Zealand subsidiary’s trading operations is typically hedged based on the following three months forecasted sales and purchases. As of September 30, 2019 , foreign currency exchange contracts and foreign currency option contracts had maturity dates through December 2020 and March 2021, respectively. Foreign currency exchange and option contracts hedging foreign currency risk on export sales and ocean freight payments qualify for cash flow hedge accounting. The Company may de-designate these cash flow hedge relationships in advance or at the occurrence of the forecasted transaction. The portion of gains or losses on the derivative instrument previously accumulated in other comprehensive (loss) income for de-designated hedges remains in accumulated other comprehensive (loss) income until the forecasted transaction affects earnings. Changes in the value of derivative instruments after de-designation are recorded in earnings. INTEREST RATE SWAPS The Company is exposed to cash flow interest rate risk on its variable-rate Term Credit Agreement and Incremental Term Loan Agreement and uses variable-to-fixed interest rate swaps to hedge this exposure. For these derivative instruments, the Company reports the gains/losses from the fluctuations in the fair market value of the hedges in AOCI and reclassifies them to earnings as interest expense in the same period in which the hedged interest payments affect earnings. The following table contains information on the outstanding interest rate swaps as of September 30, 2019 : Outstanding Interest Rate Swaps (a) Date Entered Into Term Notional Amount Related Debt Facility Fixed Rate of Swap Bank Margin on Debt Total Effective Interest Rate (b) August 2015 9 years $170,000 Term Credit Agreement 2.20 % 1.63 % 3.83 % August 2015 9 years 180,000 Term Credit Agreement 2.35 % 1.63 % 3.98 % April 2016 10 years 100,000 Incremental Term Loan 1.60 % 1.90 % 3.50 % April 2016 10 years 100,000 Incremental Term Loan 1.60 % 1.90 % 3.50 % July 2016 10 years 100,000 Incremental Term Loan 1.26 % 1.90 % 3.16 % (a) All interest rate swaps have been designated as interest rate cash flow hedges and qualify for hedge accounting. (b) Rate is before estimated patronage payments. CARBON OPTIONS The New Zealand subsidiary enters into carbon options from time to time to sell carbon assets at certain prices. Changes in fair value of the carbon option contracts are recorded in “ Interest and other miscellaneous income, net ” as the contracts did not qualify for hedge accounting treatment. As of September 30, 2019 , carbon option contracts had maturity dates through April 2020. The following tables demonstrate the impact, gross of tax, of the Company’s derivatives on the Consolidated Statements of Income and Comprehensive Income for the three and nine months ended September 30, 2019 and 2018 . Three Months Ended Income Statement Location 2019 2018 Derivatives designated as cash flow hedges: Foreign currency exchange contracts Other comprehensive (loss) ($2,870 ) ($1,402 ) Foreign currency option contracts Other comprehensive (loss) (300 ) (29 ) Interest rate swaps Other comprehensive (loss) (10,141 ) 5,173 Derivatives not designated as hedging instruments: Foreign currency exchange contracts Interest and other miscellaneous income, net — (189 ) Carbon option contracts Interest and other miscellaneous income, net — (577 ) Nine Months Ended Income Statement Location 2019 2018 Derivatives designated as cash flow hedges: Foreign currency exchange contracts Other comprehensive (loss) ($1,971 ) ($6,800 ) Foreign currency option contracts Other comprehensive (loss) (330 ) (388 ) Interest rate swaps Other comprehensive (loss) (40,972 ) 26,461 Derivatives designated as a net investment hedge: Foreign currency exchange contract Other comprehensive (loss) — (344 ) Derivatives not designated as hedging instruments: Foreign currency exchange contracts Interest and other miscellaneous income, net 135 2,419 Carbon option contracts Interest and other miscellaneous income, net 414 (577 ) During the next 12 months, the amount of the September 30, 2019 AOCI balance, net of tax, expected to be reclassified into earnings as a result of the maturation of the Company’s derivative instruments is a loss of approximately $2.5 million . The following table contains the notional amounts of the derivative financial instruments recorded in the Consolidated Balance Sheets: Notional Amount September 30, 2019 December 31, 2018 Derivatives designated as cash flow hedges: Foreign currency exchange contracts $60,750 $69,950 Foreign currency option contracts 28,000 24,000 Interest rate swaps 650,000 650,000 Derivative not designated as a hedging instrument: Foreign currency exchange contracts — 9,396 Carbon options (a) 3,115 2,517 (a) Notional amount for carbon options is calculated as the number of units outstanding multiplied by the spot price as of September 30, 2019 . The following table contains the fair values of the derivative financial instruments recorded in the Consolidated Balance Sheets: Location on Balance Sheet Fair Value Assets / (Liabilities) (a) September 30, 2019 December 31, 2018 Derivatives designated as cash flow hedges: Foreign currency exchange contracts Other current liabilities (3,288 ) (1,569 ) Other non-current liabilities (253 ) — Foreign currency option contracts Other current assets 15 217 Other assets 138 102 Other current liabilities (179 ) (106 ) Other non-current liabilities (159 ) (68 ) Interest rate swaps Other assets 750 23,735 Other non-current liabilities (17,987 ) — Derivative not designated as a hedging instrument: Foreign currency exchange contracts Other current assets — 152 Other current liabilities — (24 ) Carbon options Other current liabilities (2 ) (322 ) Total derivative contracts: Other current assets $15 $369 Other assets 888 23,837 Total derivative assets $903 $24,206 Other current liabilities (3,469 ) (2,021 ) Other non-current liabilities (18,399 ) (68 ) Total derivative liabilities ($21,868 ) ($2,089 ) (a) See Note 14 — Fair Value Measurements for further information on the fair value of the Company’s derivatives including their classification within the fair value hierarchy. OFFSETTING DERIVATIVES Derivative financial instruments are presented at their gross fair values in the Consolidated Balance Sheets. The Company’s derivative financial instruments are not subject to master netting arrangements, which would allow the right of offset.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS FAIR VALUE OF FINANCIAL INSTRUMENTS A three-level hierarchy that prioritizes the inputs used to measure fair value was established in the Accounting Standards Codification as follows: Level 1 — Quoted prices in active markets for identical assets or liabilities. Level 2 — Observable inputs other than quoted prices included in Level 1. Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The following table presents the carrying amount and estimated fair values of financial instruments held by the Company at September 30, 2019 and December 31, 2018 , using market information and what the Company believes to be appropriate valuation methodologies under GAAP: September 30, 2019 December 31, 2018 Asset (Liability) (a) Carrying Amount Fair Value Carrying Amount Fair Value Level 1 Level 2 Level 1 Level 2 Cash and cash equivalents $56,946 $56,946 — $148,374 $148,374 — Restricted cash (b) 2,988 2,988 — 8,080 8,080 — Long-term debt (c) (972,989 ) — (981,500 ) (972,567 ) — (975,845 ) Interest rate swaps (d) (17,237 ) — (17,237 ) 23,735 — 23,735 Foreign currency exchange contracts (d) (3,541 ) — (3,541 ) (1,442 ) — (1,442 ) Foreign currency option contracts (d) (185 ) — (185 ) 145 — 145 Carbon option contracts (d) (2 ) — (2 ) (322 ) — (322 ) (a) The Company did not have Level 3 assets or liabilities at September 30, 2019 and December 31, 2018 . (b) Restricted cash represents the proceeds from like-kind exchange sales deposited with a third-party intermediary and cash held in escrow for a real estate sale. See Note 18 — Restricted Cash for additional information. (c) The carrying amount of long-term debt is presented net of capitalized debt costs on non-revolving debt. See Note 6 — Debt for additional information. (d) See Note 13 — Derivative Financial Instruments and Hedging Activities for information regarding the Consolidated Balance Sheets classification of the Company’s derivative financial instruments. Rayonier uses the following methods and assumptions in estimating the fair value of its financial instruments: Cash and cash equivalents and Restricted cash — The carrying amount is equal to fair market value. Debt — The fair value of fixed rate debt is based upon quoted market prices for debt with similar terms and maturities. The variable rate debt adjusts with changes in the market rate, therefore the carrying value approximates fair value. Interest rate swap agreements — The fair value of interest rate contracts is determined by discounting the expected future cash flows, for each instrument, at prevailing interest rates. Foreign currency exchange contracts — The fair value of foreign currency exchange contracts is determined by a mark-to-market valuation, which estimates fair value by discounting the difference between the contracted forward price and the current forward price for the residual maturity of the contract using a risk-free interest rate. Foreign currency option contracts — The fair value of foreign currency option contracts is based on a mark-to-market calculation using the Black-Scholes option pricing model. Carbon option contracts — The fair value of carbon option contracts is determined by a mark-to-market valuation using the Black-Scholes option pricing model, which estimates fair value by discounting the difference between the contracted forward price and the current forward price for the residual maturity of the contract using a risk-free interest rate.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	9 Months Ended
	Sep. 30, 2019
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS The Company has one qualified non-contributory defined benefit pension plan covering a portion of its employees and an unfunded plan that provides benefits in excess of amounts allowable under current tax law in the qualified plan. Both plans are closed to new participants. Effective December 31, 2016, the Company froze benefits for all employees participating in the pension plan. In lieu of the pension plan, the Company provides those employees with an enhanced 401(k) plan match. Employee benefit plan liabilities are calculated using actuarial estimates and management assumptions. These estimates are based on historical information, along with certain assumptions about future events. Changes in assumptions, as well as changes in actual experience, could cause the estimates to change. As of September 30, 2019 , the Company has paid $0.9 million of the approximately $1.3 million in current year mandatory pension contribution requirements (based on actuarially determined estimates and IRS minimum funding requirements). Additionally, the Company has paid $5.0 million in discretionary pension contributions during the nine months ended September 30, 2019 . The net pension and postretirement benefit costs (credit) that have been recorded are shown in the following table: Components of Net Periodic Benefit Cost (Credit) Income Statement Location Pension Postretirement Three Months Ended Three Months Ended 2019 2018 2019 2018 Service cost Selling and general expenses — — $1 $2 Interest cost Interest and other miscellaneous income, net 799 755 13 13 Expected return on plan assets (a) Interest and other miscellaneous income, net (777 ) (983 ) — — Amortization of losses Interest and other miscellaneous income, net 112 168 — — Net periodic benefit cost (credit) $134 ($60 ) $14 $15 Components of Net Periodic Benefit Cost (Credit) Income Statement Location Pension Postretirement Nine Months Ended Nine Months Ended 2019 2018 2019 2018 Service cost Selling and general expenses — — $4 $5 Interest cost Interest and other miscellaneous income, net 2,398 2,266 40 38 Expected return on plan assets (a) Interest and other miscellaneous income, net (2,330 ) (2,950 ) — — Amortization of losses Interest and other miscellaneous income, net 337 505 — 2 Net periodic benefit cost (credit) $405 ($179 ) $44 $45 (a) The weighted-average expected long-term rate of return on plan assets used in computing 2019 net periodic benefit cost for pension benefits is 5.7% .

OTHER OPERATING (EXPENSE) INCOM

OTHER OPERATING (EXPENSE) INCOME, NET	9 Months Ended
	Sep. 30, 2019
Other Income and Expenses [Abstract]
OTHER OPERATING (EXPENSE) INCOME, NET	OTHER OPERATING (EXPENSE) INCOME, NET Other operating (expense) income, net consisted of the following: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Foreign currency income $724 $242 $147 $264 (Loss) gain on sale or disposal of property and equipment — (30 ) 56 (3 ) (Loss) gain on foreign currency exchange and option contracts (1,619 ) (712 ) (1,732 ) 1,599 Log trading marketing fees 102 66 239 197 Income from the sale of unused Internet Protocol addresses — — — 646 Other expense, net (72 ) (17 ) (1,509 ) (126 ) Total ($865 ) ($451 ) ($2,799 ) $2,577

INVENTORY

INVENTORY	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
INVENTORY	INVENTORY As of September 30, 2019 and December 31, 2018 , Rayonier’s inventory consisted entirely of finished goods, as follows: September 30, 2019 December 31, 2018 Finished goods inventory Real estate inventory (a) $3,795 $11,919 Log inventory 4,557 3,784 Total inventory $8,352 $15,703 (a) Represents the cost of HBU real estate (including capitalized development investments) under contract to be sold. See Note 7 — Higher And Better Use Timberlands and Real Estate Development Investments for additional information.

RESTRICTED CASH

RESTRICTED CASH	9 Months Ended
	Sep. 30, 2019
Restricted Cash and Investments [Abstract]
RESTRICTED CASH	RESTRICTED CASH In order to qualify for like-kind exchange (“LKE”) treatment, the proceeds from real estate sales must be deposited with a third-party intermediary. These proceeds are accounted for as restricted cash until a suitable replacement property is acquired. In the event LKE purchases are not completed, the proceeds are returned to the Company after 180 days and reclassified as available cash. As of September 30, 2019 and December 31, 2018 , the Company had $3.0 million and $8.1 million , respectively, of proceeds from real estate sales classified as restricted cash which were deposited with an LKE intermediary as well as cash held in escrow for a real estate sale. The following table contains the amounts of restricted cash recorded in the Consolidated Balance Sheets and Consolidated Statements of Cash Flows for the nine months ended September 30, 2019 : September 30, 2019 Restricted cash deposited with LKE intermediary $2,513 Restricted cash held in escrow 475 Total restricted cash shown in the Consolidated Balance Sheets 2,988 Cash and cash equivalents 56,946 Total cash, cash equivalents and restricted cash shown in the Consolidated Statements of Cash Flows $59,934

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME	9 Months Ended
	Sep. 30, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME	ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME The following table summarizes the changes in AOCI by component for the nine months ended September 30, 2019 and the year ended December 31, 2018 . All amounts are presented net of tax and exclude portions attributable to noncontrolling interest. Foreign currency translation (loss) gains Net investment hedges of New Zealand subsidiary Cash flow hedges Employee benefit plans Total Balance as of December 31, 2017 $15,975 $1,665 $16,184 ($20,407 ) $13,417 Other comprehensive (loss) income before reclassifications (16,985 ) (344 ) 5,944 (1,594 ) (12,979 ) Amounts reclassified from accumulated other comprehensive (loss) income — — (163 ) (36 ) (199 ) Net other comprehensive (loss) income (16,985 ) (344 ) 5,781 (1,630 ) (13,178 ) Balance as of December 31, 2018 ($1,010 ) $1,321 $21,965 ($22,037 ) $239 Other comprehensive (loss) income before reclassifications (21,545 ) — (42,529 ) (a) — (64,074 ) Amounts reclassified from accumulated other comprehensive (loss) income — — 282 337 (b) 619 Net other comprehensive (loss) income (21,545 ) — (42,247 ) 337 (63,455 ) Balance as of September 30, 2019 ($22,555 ) $1,321 ($20,282 ) ($21,700 ) ($63,216 ) (a) Includes $41.0 million of other comprehensive loss related to interest rate swaps. See Note 13 — Derivative Financial Instruments and Hedging Activities for additional information. (b) This component of other comprehensive (loss) income is included in the computation of net periodic pension and post-retirement costs. See Note 15 — Employee Benefit Plans for additional information. The following table presents details of the amounts reclassified in their entirety from AOCI to net income for the nine months ended September 30, 2019 and September 30, 2018 : Details about accumulated other comprehensive (loss) income components Amount reclassified from accumulated other comprehensive (loss) income Affected line item in the income statement September 30, 2019 September 30, 2018 Realized loss (gain) on foreign currency exchange contracts $580 ($865 ) Other operating (expense) income, net Realized (gain) on foreign currency option contracts (71 ) (156 ) Other operating (expense) income, net Noncontrolling interest (117 ) 235 Comprehensive (loss) income attributable to noncontrolling interest Income tax (benefit) expense from gain on foreign currency contracts (110 ) 220 Income tax expense Net loss (gain) from accumulated other comprehensive income $282 ($566 )

CONSOLIDATING FINANCIAL STATEME

CONSOLIDATING FINANCIAL STATEMENTS	9 Months Ended
	Sep. 30, 2019
Condensed Financial Information Disclosure [Abstract]
CONSOLIDATING FINANCIAL STATEMENTS	CONSOLIDATING FINANCIAL STATEMENTS The condensed consolidating financial information below follows the same accounting policies as described in the consolidated financial statements, except for the use of the equity method of accounting to reflect ownership interests in wholly-owned subsidiaries, which are eliminated upon consolidation, and the allocation of certain expenses of Rayonier Inc. incurred for the benefit of its subsidiaries. In March 2012 , Rayonier Inc. issued $325 million of 3.75% Senior Notes due 2022 . In connection with these notes, the Company provides the following condensed consolidating financial information in accordance with SEC Regulation S-X Rule 3-10, Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered . The subsidiary guarantors, Rayonier Operating Company LLC (“ROC”) and Rayonier TRS Holdings Inc., are wholly-owned by the parent company, Rayonier Inc. The notes are fully and unconditionally guaranteed on a joint and several basis by the guarantor subsidiaries. CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended September 30, 2019 Rayonier Inc. (Parent Issuer) Subsidiary Guarantors Non- guarantors Consolidating Adjustments Total Consolidated SALES — — $156,417 — $156,417 Costs and Expenses Cost of sales — — (134,463 ) — (134,463 ) Selling and general expenses — (4,725 ) (5,377 ) — (10,102 ) Other operating expense, net — (17 ) (848 ) — (865 ) — (4,742 ) (140,688 ) — (145,430 ) OPERATING (LOSS) INCOME — (4,742 ) 15,729 — 10,987 Interest expense (3,139 ) (4,843 ) (14 ) — (7,996 ) Interest and miscellaneous income (expense), net (457 ) 742 503 — 788 Equity in income from subsidiaries 3,163 12,660 — (15,823 ) — (LOSS) INCOME BEFORE INCOME TAXES (433 ) 3,817 16,218 (15,823 ) 3,779 Income tax expense — (654 ) (1,597 ) — (2,251 ) NET (LOSS) INCOME (433 ) 3,163 14,621 (15,823 ) 1,528 Less: Net income attributable to noncontrolling interest — — (1,961 ) — (1,961 ) NET (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC. (433 ) 3,163 12,660 (15,823 ) (433 ) OTHER COMPREHENSIVE (LOSS) INCOME Foreign currency translation adjustment, net of income tax (21,918 ) — (28,524 ) 21,918 (28,524 ) Cash flow hedges, net of income tax (11,899 ) (10,141 ) (2,283 ) 11,899 (12,424 ) Amortization of pension and postretirement plans, net of income tax 112 112 — (112 ) 112 Total other comprehensive loss (33,705 ) (10,029 ) (30,807 ) 33,705 (40,836 ) COMPREHENSIVE (LOSS) INCOME (34,138 ) (6,866 ) (16,186 ) 17,882 (39,308 ) Less: Comprehensive income attributable to noncontrolling interest — — 5,169 — 5,169 COMPREHENSIVE LOSS ATTRIBUTABLE TO RAYONIER INC. ($34,138 ) ($6,866 ) ($11,017 ) $17,882 ($34,139 ) CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended September 30, 2018 Rayonier Inc. (Parent Issuer) Subsidiary Guarantors Non- guarantors Consolidating Adjustments Total Consolidated SALES — — $200,890 — $200,890 Costs and Expenses Cost of sales — — (143,261 ) — (143,261 ) Selling and general expenses — (5,094 ) (5,706 ) — (10,800 ) Other operating (expense) income, net — (50 ) (401 ) — (451 ) — (5,144 ) (149,368 ) — (154,512 ) OPERATING (LOSS) INCOME — (5,144 ) 51,522 — 46,378 Interest expense (3,138 ) (4,676 ) (24 ) — (7,838 ) Interest and miscellaneous income (expense), net 1,743 1,755 (3,003 ) — 495 Equity in income from subsidiaries 24,827 33,539 — (58,366 ) — INCOME BEFORE INCOME TAXES 23,432 25,474 48,495 (58,366 ) 39,035 Income tax expense — (647 ) (7,749 ) — (8,396 ) NET INCOME 23,432 24,827 40,746 (58,366 ) 30,639 Less: Net income attributable to noncontrolling interest — — (7,207 ) — (7,207 ) NET INCOME ATTRIBUTABLE TO RAYONIER INC. 23,432 24,827 33,539 (58,366 ) 23,432 OTHER COMPREHENSIVE (LOSS) INCOME Foreign currency translation adjustment, net of income tax (8,090 ) — (10,527 ) 8,090 (10,527 ) Cash flow hedges, net of income tax 4,379 5,174 (1,032 ) (4,379 ) 4,142 Amortization of pension and postretirement plans, net of income tax (542 ) (542 ) — 542 (542 ) Total other comprehensive (loss) income (4,253 ) 4,632 (11,559 ) 4,253 (6,927 ) COMPREHENSIVE INCOME 19,179 29,459 29,187 (54,113 ) 23,712 Less: Comprehensive loss attributable to noncontrolling interest — — (4,533 ) — (4,533 ) COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC. $19,179 $29,459 $24,654 ($54,113 ) $19,179 CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME Nine Months Ended September 30, 2019 Rayonier Inc. (Parent Issuer) Subsidiary Guarantors Non- guarantors Consolidating Adjustments Total Consolidated SALES — — $532,764 — $532,764 Costs and Expenses Cost of sales — — (418,169 ) — (418,169 ) Selling and general expenses — (15,228 ) (15,668 ) — (30,896 ) Other operating expense, net — (1,107 ) (1,692 ) — (2,799 ) — (16,335 ) (435,529 ) — (451,864 ) OPERATING (LOSS) INCOME — (16,335 ) 97,235 — 80,900 Interest expense (9,417 ) (14,160 ) (52 ) — (23,629 ) Interest and miscellaneous income (expense), net (1,370 ) 2,634 1,914 — 3,178 Equity in income from subsidiaries 53,899 83,161 — (137,060 ) — INCOME BEFORE INCOME TAXES 43,112 55,300 99,097 (137,060 ) 60,449 Income tax expense — (1,401 ) (8,807 ) — (10,208 ) NET INCOME 43,112 53,899 90,290 (137,060 ) 50,241 Less: Net income attributable to noncontrolling interest — — (7,129 ) — (7,129 ) NET INCOME ATTRIBUTABLE TO RAYONIER INC. 43,112 53,899 83,161 (137,060 ) 43,112 OTHER COMPREHENSIVE (LOSS) INCOME Foreign currency translation adjustment, net of income tax (21,544 ) (90 ) (28,005 ) 21,544 (28,095 ) Cash flow hedges, net of income tax (42,248 ) (40,973 ) (1,656 ) 42,248 (42,629 ) Amortization of pension and postretirement plans, net of income tax 337 337 — (337 ) 337 Total other comprehensive loss (63,455 ) (40,726 ) (29,661 ) 63,455 (70,387 ) COMPREHENSIVE (LOSS) INCOME (20,343 ) 13,173 60,629 (73,605 ) (20,146 ) Less: Comprehensive loss attributable to noncontrolling interest — — (197 ) — (197 ) COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC. ($20,343 ) $13,173 $60,432 ($73,605 ) ($20,343 ) CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME Nine Months Ended September 30, 2018 Rayonier Inc. Subsidiary Guarantors Non- Consolidating Total Consolidated SALES — — $649,991 — $649,991 Costs and Expenses Cost of sales — — (466,167 ) — (466,167 ) Selling and general expenses — (14,953 ) (16,351 ) — (31,304 ) Other operating (expense) income, net (12 ) 545 2,044 — 2,577 (12 ) (14,408 ) (480,474 ) — (494,894 ) OPERATING (LOSS) INCOME (12 ) (14,408 ) 169,517 — 155,097 Interest expense (9,417 ) (14,229 ) (346 ) — (23,992 ) Interest and miscellaneous income (expense), net 7,105 3,265 (6,350 ) — 4,020 Equity in income from subsidiaries 102,553 128,786 — (231,339 ) — INCOME BEFORE INCOME TAXES 100,229 103,414 162,821 (231,339 ) 135,125 Income tax expense — (861 ) (21,582 ) — (22,443 ) NET INCOME 100,229 102,553 141,239 (231,339 ) 112,682 Less: Net income attributable to noncontrolling interest — — (12,453 ) — (12,453 ) NET INCOME ATTRIBUTABLE TO RAYONIER INC. 100,229 102,553 128,786 (231,339 ) 100,229 OTHER COMPREHENSIVE (LOSS) INCOME Foreign currency translation adjustment, net of income tax (23,341 ) 452 (31,051 ) 23,341 (30,599 ) Cash flow hedges, net of income tax 22,476 26,460 (5,175 ) (22,476 ) 21,285 Amortization of pension and postretirement plans, net of income tax (204 ) (204 ) — 204 (204 ) Total other comprehensive (loss) income (1,069 ) 26,708 (36,226 ) 1,069 (9,518 ) COMPREHENSIVE INCOME 99,160 129,261 105,013 (230,270 ) 103,164 Less: Comprehensive loss attributable to noncontrolling interest — — (4,004 ) — (4,004 ) COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC. $99,160 $129,261 $101,009 ($230,270 ) $99,160 CONDENSED CONSOLIDATING BALANCE SHEETS As of September 30, 2019 Rayonier Inc. (Parent Issuer) Subsidiary Guarantors Non- guarantors Consolidating Adjustments Total Consolidated ASSETS CURRENT ASSETS Cash and cash equivalents $6,181 $32,926 $17,839 — $56,946 Accounts receivable, less allowance for doubtful accounts — 2,894 23,165 — 26,059 Inventory — — 8,352 — 8,352 Prepaid expenses — 2,056 12,838 — 14,894 Other current assets — 97 182 — 279 Total current assets 6,181 37,973 62,376 — 106,530 TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION — — 2,408,310 — 2,408,310 HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS — — 89,456 — 89,456 NET PROPERTY, PLANT AND EQUIPMENT — 16,803 5,397 — 22,200 RESTRICTED CASH — — 2,988 — 2,988 RIGHT-OF-USE ASSETS — 33,893 63,539 — 97,432 INVESTMENT IN SUBSIDIARIES 1,692,797 2,994,568 — (4,687,365 ) — INTERCOMPANY RECEIVABLE 56,257 (644,851 ) 588,594 — — OTHER ASSETS 2 (2,735 ) 42,895 — 40,162 TOTAL ASSETS $1,755,237 $2,435,651 $3,263,555 ($4,687,365 ) $2,767,078 LIABILITIES AND SHAREHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable — $3,381 $16,175 — $19,556 Accrued taxes — 227 7,869 — 8,096 Accrued payroll and benefits — 4,217 2,342 — 6,559 Accrued interest 6,094 1,882 — — 7,976 Deferred revenue — — 15,320 — 15,320 Other current liabilities — 4,747 21,515 — 26,262 Total current liabilities 6,094 14,454 63,221 — 83,769 LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS 324,079 648,910 — — 972,989 PENSION AND OTHER POSTRETIREMENT BENEFITS — 24,637 (684 ) — 23,953 LONG-TERM LEASE LIABILITY — 29,619 58,768 — 88,387 OTHER NON-CURRENT LIABILITIES — 25,234 57,125 — 82,359 TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 1,425,064 1,692,797 2,994,568 (4,687,365 ) 1,425,064 Noncontrolling interest — — 90,557 — 90,557 TOTAL SHAREHOLDERS’ EQUITY 1,425,064 1,692,797 3,085,125 (4,687,365 ) 1,515,621 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $1,755,237 $2,435,651 $3,263,555 ($4,687,365 ) $2,767,078 CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2018 Rayonier Inc. (Parent Issuer) Subsidiary Guarantors Non- guarantors Consolidating Adjustments Total Consolidated ASSETS CURRENT ASSETS Cash and cash equivalents $361 $104,777 $43,236 — $148,374 Accounts receivable, less allowance for doubtful accounts — 3,752 22,399 — 26,151 Inventory — — 15,703 — 15,703 Prepaid expenses — 977 16,039 — 17,016 Other current assets — 108 501 — 609 Total current assets 361 109,614 97,878 — 207,853 TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION — — 2,401,327 — 2,401,327 HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS — — 85,609 — 85,609 NET PROPERTY, PLANT AND EQUIPMENT — 16,940 5,811 — 22,751 RESTRICTED CASH — — 8,080 — 8,080 INVESTMENT IN SUBSIDIARIES 1,833,899 3,022,875 — (4,856,774 ) — INTERCOMPANY RECEIVABLE 49,461 (638,424 ) 588,963 — — OTHER ASSETS 2 19,244 35,800 — 55,046 TOTAL ASSETS $1,883,723 $2,530,249 $3,223,468 ($4,856,774 ) $2,780,666 LIABILITIES AND SHAREHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable — $1,616 $16,403 — $18,019 Accrued taxes — 8 3,170 — 3,178 Accrued payroll and benefits — 5,848 4,568 — 10,416 Accrued interest 3,047 1,960 — — 5,007 Deferred revenue — — 10,447 — 10,447 Other current liabilities — 216 16,258 — 16,474 Total current liabilities 3,047 9,648 50,846 — 63,541 LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS 323,803 648,764 — — 972,567 PENSION AND OTHER POSTRETIREMENT BENEFITS — 30,484 (684 ) — 29,800 OTHER NON-CURRENT LIABILITIES — 7,454 52,754 — 60,208 TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 1,556,873 1,833,899 3,022,875 (4,856,774 ) 1,556,873 Noncontrolling interest — — 97,677 — 97,677 TOTAL SHAREHOLDERS’ EQUITY 1,556,873 1,833,899 3,120,552 (4,856,774 ) 1,654,550 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $1,883,723 $2,530,249 $3,223,468 ($4,856,774 ) $2,780,666 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Nine Months Ended September 30, 2019 Rayonier Inc. (Parent Issuer) Subsidiary Guarantors Non- guarantors Consolidating Adjustments Total Consolidated CASH (USED FOR) PROVIDED BY OPERATING ACTIVITIES ($14,637 ) $15,495 $163,335 — $164,193 INVESTING ACTIVITIES Capital expenditures — (619 ) (44,652 ) — (45,271 ) Real estate development investments — — (3,349 ) — (3,349 ) Purchase of timberlands — — (81,913 ) — (81,913 ) Investment in subsidiaries — (3,945 ) — 3,945 — Other — (7,304 ) 5,085 — (2,219 ) CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES — (11,868 ) (124,829 ) 3,945 (132,752 ) FINANCING ACTIVITIES Dividends paid (104,667 ) (25,983 ) 24,525 — (106,125 ) Proceeds from the issuance of common shares under incentive stock plan 831 — — — 831 Repurchase of common shares (4,249 ) — — — (4,249 ) Repurchase of common shares made under repurchase program — (8,430 ) — — (8,430 ) Proceeds from shareholder distribution hedge — — 135 — 135 Distribution to minority shareholder — — (7,315 ) — (7,315 ) Intercompany distributions 128,542 (41,065 ) (83,532 ) (3,945 ) — CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES 20,457 (75,478 ) (66,187 ) (3,945 ) (125,153 ) EFFECT OF EXCHANGE RATE CHANGES ON CASH — — (2,808 ) — (2,808 ) CASH, CASH EQUIVALENTS AND RESTRICTED CASH Change in cash, cash equivalents and restricted cash 5,820 (71,851 ) (30,489 ) — (96,520 ) Balance, beginning of year 361 104,777 51,316 — 156,454 Balance, end of period $6,181 $32,926 $20,827 — $59,934 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Nine Months Ended September 30, 2018 Rayonier Inc. (Parent Issuer) Subsidiary Guarantors Non- guarantors Consolidating Adjustments Total Consolidated CASH (USED FOR) PROVIDED BY OPERATING ACTIVITIES ($16,590 ) $165,283 $112,358 — $261,051 INVESTING ACTIVITIES Capital expenditures — (58 ) (44,079 ) — (44,137 ) Real estate development investments — — (6,889 ) — (6,889 ) Purchase of timberlands — — (38,978 ) — (38,978 ) Investment in subsidiaries — 40,554 — (40,554 ) — Other — — 2,132 — 2,132 CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES — 40,496 (87,814 ) (40,554 ) (87,872 ) FINANCING ACTIVITIES (a) Issuance of debt — — 1,014 — 1,014 Repayment of debt — (50,000 ) (4,416 ) — (54,416 ) Dividends paid (101,839 ) — — — (101,839 ) Proceeds from the issuance of common shares under incentive stock plan 8,216 — — — 8,216 Repurchase of common shares (2,980 ) — — — (2,980 ) Proceeds from shareholder distribution hedge — — 610 — 610 Distribution to minority shareholder — — (3,122 ) — (3,122 ) Issuance of intercompany notes (9,000 ) — 9,000 — — Intercompany distributions 79,874 (88,074 ) (32,354 ) 40,554 — CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES (25,729 ) (138,074 ) (29,268 ) 40,554 (152,517 ) EFFECT OF EXCHANGE RATE CHANGES ON CASH — — (1,341 ) — (1,341 ) CASH, CASH EQUIVALENTS AND RESTRICTED CASH Change in cash, cash equivalents and restricted cash (42,319 ) 67,705 (6,065 ) — 19,321 Balance, beginning of year 48,564 25,042 98,750 — 172,356 Balance, end of period $6,245 $92,747 $92,685 — $191,677 (a) Non-cash financing activity: In August 2018, Rayonier Inc. waived $308.7 million and $67.2 million of intercompany loans and accrued interest, respectively, due from non-guarantors.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	BASIS OF PRESENTATION The unaudited consolidated financial statements and notes thereto of Rayonier Inc. and its subsidiaries (“Rayonier” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). The year-end balance sheet information was derived from audited financial statements not included herein. In the opinion of management, these financial statements and notes reflect any adjustments (all of which are normal recurring adjustments) necessary for a fair presentation of the results of operations, financial position and cash flows for the periods presented. These statements and notes should be read in conjunction with the financial statements and supplementary data included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 , as filed with the SEC (the “2018 Form 10-K”).
Leases	ASU 2016-02 (ASC 842) The Company adopted Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) , on January 1, 2019 and elected to apply the standard as of that day. As such, the Consolidated Balance Sheet as of September 30, 2019 includes right-of-use assets and lease liabilities related to the rights and obligations created by the Company’s long-term leases. Prior periods have not been restated. The Company applied the following practical expedients in the transition to the new standard as allowed under ASC 842-10-65-1: Practical Expedient Description Reassessment of expired or existing contracts The Company elected not to reassess, at the application date, whether any expired or existing contracts contained leases, the lease classification for any expired or existing leases, and the accounting for initial direct costs for any existing leases. Use of hindsight The Company elected to use hindsight in determining the lease term (that is, when considering options to extend or terminate the lease and to purchase the underlying asset) and in assessing impairment of right-of-use assets. Reassessment of existing or expired land easements The Company elected not to evaluate existing or expired land easements that were not previously accounted for as leases under ASC 840, as allowed under the transition practical expedient. Going forward, new or modified land easements will be evaluated under ASU No. 2016-02. See Note 3 — Leases
New Accounting Standards	RECENTLY ADOPTED STANDARDS ASU 2016-02 (ASC 842) The Company adopted Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) , on January 1, 2019 and elected to apply the standard as of that day. As such, the Consolidated Balance Sheet as of September 30, 2019 includes right-of-use assets and lease liabilities related to the rights and obligations created by the Company’s long-term leases. Prior periods have not been restated. The Company applied the following practical expedients in the transition to the new standard as allowed under ASC 842-10-65-1: Practical Expedient Description Reassessment of expired or existing contracts The Company elected not to reassess, at the application date, whether any expired or existing contracts contained leases, the lease classification for any expired or existing leases, and the accounting for initial direct costs for any existing leases. Use of hindsight The Company elected to use hindsight in determining the lease term (that is, when considering options to extend or terminate the lease and to purchase the underlying asset) and in assessing impairment of right-of-use assets. Reassessment of existing or expired land easements The Company elected not to evaluate existing or expired land easements that were not previously accounted for as leases under ASC 840, as allowed under the transition practical expedient. Going forward, new or modified land easements will be evaluated under ASU No. 2016-02. See Note 3 — Leases for additional qualitative and quantitative disclosures required under ASU No. 2016-02. OTHER RECENTLY ADOPTED STANDARDS The Company adopted ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities in the first quarter ended March 31, 2019 with no material impact on the consolidated financial statements. The Company adopted ASU No 2018-07, Compensation—Stock Compensation (Topic 718): Improvements to Non-employee Share-Based Payment Accounting in the first quarter ended March 31, 2019 with no impact on the consolidated financial statements. NEW ACCOUNTING STANDARDS During the nine months ended September 30, 2019 , the Financial Accounting Standards Board (“FASB”) has not issued any Accounting Standard Updates which are expected to have a material retrospective or future effect on the consolidated financial statements.
Subsequent Events	SUBSEQUENT EVENTS The Company has evaluated events occurring from September 30, 2019 to the date of issuance of these Consolidated Financial Statements for potential recognition or disclosure in the consolidated financial statements. No events were identified that warranted recognition or disclosure.
Revenue Recognition	PERFORMANCE OBLIGATIONS The Company recognizes revenues when control of promised goods or services (“performance obligations”) is transferred to customers, in an amount that reflects the consideration expected in exchange for those goods or services (“transaction price”). The Company generally satisfies performance obligations within a year of entering into a contract and therefore has applied the disclosure exemption found under ASC 606-10-50-14. Unsatisfied performance obligations as of September 30, 2019 are primarily due to advances on stumpage contracts and unearned license revenue. These performance obligations are expected to be satisfied within the next twelve months. The Company generally collects payment within a year of satisfying performance obligations and therefore has elected not to adjust revenues for a financing component. CONTRACT BALANCES The timing of revenue recognition, invoicing and cash collections results in accounts receivable and deferred revenue (contract liabilities) on the Consolidated Balance Sheets. Accounts receivable are recorded when the Company has an unconditional right to consideration for completed performance under the contract. Contract liabilities relate to payments received in advance of performance under the contract. Contract liabilities are recognized as revenue as (or when) the Company performs under the contract.
Segment Reporting	Sales between operating segments are made based on estimated fair market value, and intercompany sales, purchases and profits (losses) are eliminated in consolidation. The Company evaluates financial performance based on segment operating income (loss) and Adjusted EBITDA. Asset information is not reported by segment, as the Company does 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.”
Derivatives	Accounting for derivative financial instruments is governed by ASC Topic 815, Derivatives and Hedging
Offsetting Derivatives	OFFSETTING DERIVATIVES Derivative financial instruments are presented at their gross fair values in the Consolidated Balance Sheets. The Company’s derivative financial instruments are not subject to master netting arrangements, which would allow the right of offset.
Fair Value of Financial Instruments	Foreign currency exchange and option contracts hedging foreign currency risk on export sales and ocean freight payments qualify for cash flow hedge accounting. The Company may de-designate these cash flow hedge relationships in advance or at the occurrence of the forecasted transaction. The portion of gains or losses on the derivative instrument previously accumulated in other comprehensive (loss) income for de-designated hedges remains in accumulated other comprehensive (loss) income until the forecasted transaction affects earnings. Changes in the value of derivative instruments after de-designation are recorded in earnings. Rayonier uses the following methods and assumptions in estimating the fair value of its financial instruments: Cash and cash equivalents and Restricted cash — The carrying amount is equal to fair market value. Debt — The fair value of fixed rate debt is based upon quoted market prices for debt with similar terms and maturities. The variable rate debt adjusts with changes in the market rate, therefore the carrying value approximates fair value. Interest rate swap agreements — The fair value of interest rate contracts is determined by discounting the expected future cash flows, for each instrument, at prevailing interest rates. Foreign currency exchange contracts — The fair value of foreign currency exchange contracts is determined by a mark-to-market valuation, which estimates fair value by discounting the difference between the contracted forward price and the current forward price for the residual maturity of the contract using a risk-free interest rate. Foreign currency option contracts — The fair value of foreign currency option contracts is based on a mark-to-market calculation using the Black-Scholes option pricing model. Carbon option contracts — The fair value of carbon option contracts is determined by a mark-to-market valuation using the Black-Scholes option pricing model, which estimates fair value by discounting the difference between the contracted forward price and the current forward price for the residual maturity of the contract using a risk-free interest rate.
Consolidation, Subsidiaries or Other Investments, Consolidated Entities	The condensed consolidating financial information below follows the same accounting policies as described in the consolidated financial statements, except for the use of the equity method of accounting to reflect ownership interests in wholly-owned subsidiaries, which are eliminated upon consolidation, and the allocation of certain expenses of Rayonier Inc. incurred for the benefit of its subsidiaries.

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liabilities	The following table summarizes revenue recognized during the three and nine months ended September 30, 2019 and 2018 that was included in the contract liability balance at the beginning of each year: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Revenue recognized from contract liability balance at the beginning of the year (a) $874 $355 $9,670 $8,685 (a) Revenue recognized was primarily from hunting licenses and the use of advances on pay-as-cut timber sales.
Disaggregation of Revenue by Product	The following tables present our revenue from contracts with customers disaggregated by product type for the three and nine months ended September 30, 2019 and 2018 : Three Months Ended Southern Timber Pacific Northwest Timber New Zealand Timber Real Estate Trading Elim. Total September 30, 2019 Pulpwood $19,093 $2,109 $7,930 — $2,795 — $31,927 Sawtimber 11,581 16,064 51,415 — 22,214 — 101,274 Hardwood 2,338 — — — — — 2,338 Total Timber Sales 33,012 18,173 59,345 — 25,009 — 135,539 License Revenue, Primarily From Hunting 4,351 199 91 — — — 4,641 Other Non-Timber/Carbon Revenue 3,919 394 2,563 — — — 6,876 Agency Fee Income — — — — 149 — 149 Total Non-Timber Sales 8,270 593 2,654 — 149 — 11,666 Improved Development — — — 4,492 — — 4,492 Rural — — — 3,841 — — 3,841 Non-strategic / Timberlands — — — 428 — — 428 Other — — — 451 — — 451 Total Real Estate Sales — — — 9,212 — — 9,212 Revenue from Contracts with Customers 41,282 18,766 61,999 9,212 25,158 — 156,417 Intersegment — — — — 34 (34 ) — Total Revenue $41,282 $18,766 $61,999 $9,212 $25,192 ($34 ) $156,417 September 30, 2018 Pulpwood $19,998 $3,560 $7,278 — $2,487 — $33,323 Sawtimber 13,734 23,495 56,663 — 28,321 — 122,213 Hardwood 1,071 — — — — — 1,071 Total Timber Sales 34,803 27,055 63,941 — 30,808 — 156,607 License Revenue, Primarily from Hunting 4,016 224 98 — — — 4,338 Other Non-Timber/Carbon Revenue 843 536 2,226 — — — 3,605 Agency Fee Income — — — — 172 — 172 Total Non-Timber Sales 4,859 760 2,324 — 172 — 8,115 Improved Development — — — 1,352 — — 1,352 Unimproved Development — — — 1,175 — — 1,175 Rural — — — 4,489 — — 4,489 Non-strategic / Timberlands — — — 29,152 — — 29,152 Total Real Estate Sales — — — 36,168 — — 36,168 Revenue from Contracts with Customers 39,662 27,815 66,265 36,168 30,980 — 200,890 Intersegment — — — — 30 (30 ) — Total Revenue $39,662 $27,815 $66,265 $36,168 $31,010 ($30 ) $200,890 Nine Months Ended Southern Timber Pacific Northwest Timber New Zealand Timber Real Estate Trading Elim. Total September 30, 2019 Pulpwood $65,202 $7,196 $25,278 — $10,947 — $108,623 Sawtimber 51,019 48,748 149,705 — 81,104 — 330,576 Hardwood 4,816 — — — — — 4,816 Total Timber Sales 121,037 55,944 174,983 — 92,051 — 444,015 License Revenue, Primarily From Hunting 12,772 404 287 — — — 13,463 Other Non-Timber/Carbon Revenue 14,516 1,508 5,987 — — — 22,011 Agency Fee Income — — — — 531 — 531 Total Non-Timber Sales 27,288 1,912 6,274 — 531 — 36,005 Improved Development — — — 5,007 — — 5,007 Unimproved Development — — — 15,430 — — 15,430 Rural — — — 23,304 — — 23,304 Non-strategic / Timberlands — — — 8,484 — — 8,484 Other — — — 519 — — 519 Total Real Estate Sales — — — 52,744 — — 52,744 Revenue from Contracts with Customers 148,325 57,856 181,257 52,744 92,582 — 532,764 Intersegment — — — — 137 (137 ) — Total Revenue $148,325 $57,856 $181,257 $52,744 $92,719 ($137 ) $532,764 September 30, 2018 Pulpwood $61,898 $11,648 $20,910 — $10,548 — $105,004 Sawtimber 45,452 77,172 162,627 — 105,309 — 390,560 Hardwood 2,882 — — — — — 2,882 Total Timber Sales 110,232 88,820 183,537 — 115,857 — 498,446 License Revenue, Primarily from Hunting 12,137 450 292 — — — 12,879 Other Non-Timber/Carbon Revenue 8,929 2,132 5,053 — — — 16,114 Agency Fee Income — — — — 460 — 460 Total Non-Timber Sales 21,066 2,582 5,345 — 460 — 29,453 Improved Development — — — 3,817 — — 3,817 Unimproved Development — — — 8,621 — — 8,621 Rural — — — 10,969 — — 10,969 Non-strategic / Timberlands — — — 98,685 — — 98,685 Total Real Estate Sales — — — 122,092 — — 122,092 Revenue from Contracts with Customers 131,298 91,402 188,882 122,092 116,317 — 649,991 Intersegment — — — — 66 (66 ) — Total Revenue $131,298 $91,402 $188,882 $122,092 $116,383 ($66 ) $649,991 The following tables present our timber sales disaggregated by contract type for the three and nine months ended September 30, 2019 and 2018 : Three Months Ended Southern Timber Pacific Northwest Timber New Zealand Timber Trading Total September 30, 2019 Stumpage Pay-as-Cut $13,077 — — — $13,077 Stumpage Lump Sum 1,677 — — — 1,677 Total Stumpage 14,754 — — — 14,754 Delivered Wood (Domestic) 16,597 18,173 22,722 624 58,116 Delivered Wood (Export) 1,661 — 36,623 24,385 62,669 Total Delivered 18,258 18,173 59,345 25,009 120,785 Total Timber Sales $33,012 $18,173 $59,345 $25,009 $135,539 September 30, 2018 Stumpage Pay-as-Cut $16,984 — — — $16,984 Stumpage Lump Sum 284 2,143 — — 2,427 Total Stumpage 17,268 2,143 — — 19,411 Delivered Wood (Domestic) 15,856 24,912 24,771 1,813 67,352 Delivered Wood (Export) 1,679 — 39,170 28,995 69,844 Total Delivered 17,535 24,912 63,941 30,808 137,196 Total Timber Sales $34,803 $27,055 $63,941 $30,808 $156,607 Nine Months Ended Southern Timber Pacific Northwest Timber New Zealand Timber Trading Total September 30, 2019 Stumpage Pay-as-Cut $56,257 — — — $56,257 Stumpage Lump Sum 4,353 — — — 4,353 Total Stumpage 60,610 — — — 60,610 Delivered Wood (Domestic) 52,977 55,944 65,161 5,417 179,499 Delivered Wood (Export) 7,450 — 109,822 86,634 203,906 Total Delivered 60,427 55,944 174,983 92,051 383,405 Total Timber Sales $121,037 $55,944 $174,983 $92,051 $444,015 September 30, 2018 Stumpage Pay-as-Cut $59,348 — — — $59,348 Stumpage Lump Sum 2,358 11,854 — — 14,212 Total Stumpage 61,706 11,854 — — 73,560 Delivered Wood (Domestic) 44,399 76,966 70,521 4,317 196,203 Delivered Wood (Export) 4,127 — 113,016 111,540 228,683 Total Delivered 48,526 76,966 183,537 115,857 424,886 Total Timber Sales $110,232 $88,820 $183,537 $115,857 $498,446

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Operating Lease Maturities	The following table details the Company’s undiscounted lease obligations as of September 30, 2019 by type of lease and year of expiration: Year of Expiration Lease obligations Total Remaining 2019 2020 2021 2022 2023 Thereafter Operating lease liabilities $185,166 $4,164 $9,595 $8,869 $8,020 $7,991 $146,527 Total Undiscounted Cash Flows $185,166 $4,164 $9,595 $8,869 $8,020 $7,991 $146,527 Imputed interest (87,239 ) Balance at September 30, 2019 97,927 Less: Current portion (9,540 ) Non-current portion at September 30, 2019 $88,387
Lease Cost	The following table details components of the Company’s lease cost for the three and nine months ended September 30, 2019 : Three Months Ended Nine Months Ended September 30, Lease Cost Components 2019 2019 Operating lease cost $1,959 $6,791 Variable lease cost (a) 54 211 Total lease cost (b) $2,013 $7,002 (a) The majority of timberland leases are subject to increases or decreases based on either the Consumer Price Index, Producer Price Index or market rates. (b) Short-term leases with an initial term of 12 months or less are not recorded on the balance sheet. Lease expense for these leases are expensed on a straight line basis over the lease term. Short-term lease expense was not material for the three and nine months ended September 30,2019. The following table details components of the Company’s lease cost for the nine months ended September 30, 2019 : Nine Months Ended September 30, Supplemental cash flow information related to leases: 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $2,152 Investing cash flows from operating leases 4,639 Total cash flows from operating leases $6,791 Weighted-average remaining lease term in years - operating leases 28 Weighted-average discount rate - operating leases 5 % The Company applied the following practical expedients upon adoption of the the new standard as allowed under ASC 842: Practical Expedient Description Short-term leases The Company does not record right-of-use assets or lease liabilities for short-term leases (a lease that at commencement date has a lease term of 12 months or less and does not contain a purchase option that is reasonably certain to be exercised). Separation of lease and non-lease components The Company does not separate non-lease components from the associated lease components if they have the same timing and pattern of transfer and, if accounted for separately, would both be classified as an operating lease.

SEGMENT AND GEOGRAPHICAL INFO_2

SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables summarize the segment information for the three and nine months ended September 30, 2019 and 2018 : Three Months Ended September 30, Nine Months Ended September 30, SALES 2019 2018 2019 2018 Southern Timber $41,282 $39,662 $148,325 $131,298 Pacific Northwest Timber 18,766 27,815 57,856 91,402 New Zealand Timber 61,999 66,265 181,257 188,882 Real Estate 9,212 36,168 52,744 122,092 Trading 25,192 31,010 92,719 116,383 Intersegment Eliminations (34 ) (30 ) (137 ) (66 ) Total $156,417 $200,890 $532,764 $649,991 Three Months Ended September 30, Nine Months Ended September 30, OPERATING INCOME (LOSS) 2019 2018 2019 2018 Southern Timber $9,512 $9,183 $45,773 $37,061 Pacific Northwest Timber (3,567 ) 1,911 (11,123 ) 12,209 New Zealand Timber 10,104 16,416 38,621 50,141 Real Estate 425 24,726 25,920 71,645 Trading (37 ) 304 271 680 Corporate and Other (5,450 ) (6,162 ) (18,562 ) (16,639 ) Total Operating Income 10,987 46,378 80,900 155,097 Unallocated interest expense and other (7,208 ) (7,343 ) (20,451 ) (19,972 ) Total Income before Income Taxes $3,779 $39,035 $60,449 $135,125 Three Months Ended September 30, Nine Months Ended September 30, DEPRECIATION, DEPLETION AND AMORTIZATION 2019 2018 2019 2018 Southern Timber $13,025 $13,672 $45,633 $44,591 Pacific Northwest Timber 6,299 7,802 19,170 26,687 New Zealand Timber 7,563 7,544 21,071 21,287 Real Estate 668 5,491 5,202 22,296 Corporate and Other 291 297 863 865 Total $27,846 $34,806 $91,939 $115,726 Three Months Ended September 30, Nine Months Ended September 30, NON-CASH COST OF LAND AND IMPROVED DEVELOPMENT 2019 2018 2019 2018 Real Estate $4,339 $2,115 $9,985 $17,051 Total $4,339 $2,115 $9,985 $17,051

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Instruments	Rayonier’s debt consisted of the following at September 30, 2019 : September 30, 2019 Term Credit Agreement borrowings due 2024 at a variable interest rate of 3.7% at September 30, 2019 (a) $350,000 Senior Notes due 2022 at a fixed interest rate of 3.75% 325,000 Incremental Term Loan Agreement borrowings due 2026 at a variable interest rate of 4.0% at September 30, 2019 (b) 300,000 Total debt 975,000 Less: Deferred financing costs (2,011 ) Long-term debt, net of deferred financing costs $972,989 (a) As of September 30, 2019, the periodic interest rate on the term loan facility was LIBOR plus 1.625% . The Company estimates the effective fixed interest rate on the term loan facility to be approximately 3.3% after consideration of interest rate swaps and estimated patronage refunds. (b) As of September 30, 2019, the periodic interest rate on the incremental term loan was LIBOR plus 1.900% . The Company estimates the effective fixed interest rate on the incremental term loan facility to be approximately 2.8% after consideration of interest rate swaps and estimated patronage refunds.
Schedule of Maturities of Long-Term Debt	Principal payments due during the next five years and thereafter are as follows: 2019 — 2020 — 2021 — 2022 325,000 2023 — Thereafter 650,000 Total Debt $975,000

HIGHER AND BETTER USE TIMBERL_2

HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (Tables)	9 Months Ended
	Sep. 30, 2019
Real Estate [Abstract]
Schedule of Costs for Land, Timber and Real Estate Development	Changes in higher and better use timberlands and real estate development investments from December 31, 2018 to September 30, 2019 are shown below: Higher and Better Use Timberlands and Real Estate Development Investments Land and Timber Development Investments Total Non-current portion at December 31, 2018 $59,189 $26,420 $85,609 Plus: Current portion (a) 4,239 7,680 11,919 Total Balance at December 31, 2018 63,428 34,100 97,528 Non-cash cost of land and improved development (1,432 ) (4,135 ) (5,567 ) Timber depletion from harvesting activities and basis of timber sold in real estate sales (2,301 ) — (2,301 ) Capitalized real estate development investments (b) — 3,349 3,349 Capital expenditures (silviculture) 166 — 166 Intersegment transfers 76 — 76 Total Balance at September 30, 2019 59,937 33,314 93,251 Less: Current portion (a) (341 ) (3,454 ) (3,795 ) Non-current portion at September 30, 2019 $59,596 $29,860 $89,456 (a) The current portion of Higher and Better Use Timberlands and Real Estate Development Investments is recorded in Inventory. See Note 17 — Inventory for additional information. (b) Capitalized real estate development investments include $0.3 million of capitalized interest.

COMMITMENTS (Tables)

COMMITMENTS (Tables)	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Payments	At September 30, 2019 , the future minimum payments under non-cancellable commitments were as follows: Development Projects (a) Pension Contributions (b) Commitments (c) Total Remaining 2019 $4,050 $442 $941 $5,433 2020 739 3,606 3,887 8,232 2021 161 682 798 1,641 2022 61 — 741 802 2023 44 — 736 780 Thereafter 108 — 429 537 $5,163 $4,730 $7,532 $17,425 (a) Consists of payments expected to be made on the Company’s Wildlight development project. (b) Pension contribution requirements are based on actuarially determined estimates and IRS minimum funding requirements. (c)

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense	The following table contains the income tax expense recognized on the Consolidated Statements of Income and Comprehensive Income. Three Months Ended Nine Months Ended 2019 2018 2019 2018 Income tax expense ($2,251 ) ($8,396 ) ($10,208 ) ($22,443 )
Schedule of Effective Income Tax Rate Reconciliation	The following table contains the Company’s annualized effective tax rate. Nine Months Ended 2019 2018 Annualized effective tax rate after discrete items 16.6 % 16.5 %

GUARANTEES (Tables)

GUARANTEES (Tables)	9 Months Ended
	Sep. 30, 2019
Guarantees [Abstract]
Schedule of Guarantor Obligations	As of September 30, 2019 , the following financial guarantees were outstanding: Financial Commitments (a) Maximum Potential Payment Standby letters of credit (b) $1,585 Surety bonds (c) 3,487 Total financial commitments $5,072 (a) The Company has not recorded any liabilities for these financial commitments in the Consolidated Balance Sheets. The guarantees are not subject to measurement, as the guarantees are dependent on the Company’s own performance. (b) Approximately $0.6 million of the standby letters of credit serve as credit support for infrastructure at the Company’s Wildlight development project. The remaining letters of credit support various insurance related agreements, primarily workers’ compensation. These letters of credit will expire at various dates during 2019 and 2020 and will be renewed as required. (c) Rayonier issues surety bonds primarily to secure performance obligations related to various operational activities and to provide collateral for outstanding claims under the Company’s previous workers’ compensation self-insurance programs in Washington and Florida. These surety bonds expire at various dates during 2019 and 2020 and are expected to be renewed as required.

(LOSS) EARNINGS PER COMMON SH_2

(LOSS) EARNINGS PER COMMON SHARE (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table provides details of the calculations of basic and diluted (loss) earnings per common share: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Net Income $1,528 $30,639 $50,241 $112,682 Less: Net income attributable to noncontrolling interest (1,961 ) (7,207 ) (7,129 ) (12,453 ) Net (loss) income attributable to Rayonier Inc. ($433 ) $23,432 $43,112 $100,229 Shares used for determining basic (loss) earnings per common share 129,325,181 129,142,931 129,293,562 129,005,074 Dilutive effect of: Stock options — 73,372 13,405 85,000 Performance and restricted shares — 539,571 345,495 584,364 Shares used for determining diluted (loss) earnings per common share 129,325,181 129,755,874 129,652,462 129,674,438 Basic (loss) earnings per common share attributable to Rayonier Inc.: — $0.18 $0.33 $0.78 Diluted (loss) earnings per common share attributable to Rayonier Inc.: — $0.18 $0.33 $0.77
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Anti-dilutive shares excluded from the computations of diluted (loss) earnings per share: Stock options, performance and restricted shares (a) 611,740 150,313 421,853 192,265 Total 611,740 150,313 421,853 192,265 (a) For the three months ended September 30, 2019, the incremental shares related to stock options, performance shares and restricted shares were not included in the computation of diluted loss per share as their inclusion would have an anti-dilutive effect.

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Interest Rate Derivatives	The following table contains information on the outstanding interest rate swaps as of September 30, 2019 : Outstanding Interest Rate Swaps (a) Date Entered Into Term Notional Amount Related Debt Facility Fixed Rate of Swap Bank Margin on Debt Total Effective Interest Rate (b) August 2015 9 years $170,000 Term Credit Agreement 2.20 % 1.63 % 3.83 % August 2015 9 years 180,000 Term Credit Agreement 2.35 % 1.63 % 3.98 % April 2016 10 years 100,000 Incremental Term Loan 1.60 % 1.90 % 3.50 % April 2016 10 years 100,000 Incremental Term Loan 1.60 % 1.90 % 3.50 % July 2016 10 years 100,000 Incremental Term Loan 1.26 % 1.90 % 3.16 % (a) All interest rate swaps have been designated as interest rate cash flow hedges and qualify for hedge accounting. (b) Rate is before estimated patronage payments.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following tables demonstrate the impact, gross of tax, of the Company’s derivatives on the Consolidated Statements of Income and Comprehensive Income for the three and nine months ended September 30, 2019 and 2018 . Three Months Ended Income Statement Location 2019 2018 Derivatives designated as cash flow hedges: Foreign currency exchange contracts Other comprehensive (loss) ($2,870 ) ($1,402 ) Foreign currency option contracts Other comprehensive (loss) (300 ) (29 ) Interest rate swaps Other comprehensive (loss) (10,141 ) 5,173 Derivatives not designated as hedging instruments: Foreign currency exchange contracts Interest and other miscellaneous income, net — (189 ) Carbon option contracts Interest and other miscellaneous income, net — (577 ) Nine Months Ended Income Statement Location 2019 2018 Derivatives designated as cash flow hedges: Foreign currency exchange contracts Other comprehensive (loss) ($1,971 ) ($6,800 ) Foreign currency option contracts Other comprehensive (loss) (330 ) (388 ) Interest rate swaps Other comprehensive (loss) (40,972 ) 26,461 Derivatives designated as a net investment hedge: Foreign currency exchange contract Other comprehensive (loss) — (344 ) Derivatives not designated as hedging instruments: Foreign currency exchange contracts Interest and other miscellaneous income, net 135 2,419 Carbon option contracts Interest and other miscellaneous income, net 414 (577 )
Schedule of Notional Amounts of Outstanding Derivative Positions	The following table contains the notional amounts of the derivative financial instruments recorded in the Consolidated Balance Sheets: Notional Amount September 30, 2019 December 31, 2018 Derivatives designated as cash flow hedges: Foreign currency exchange contracts $60,750 $69,950 Foreign currency option contracts 28,000 24,000 Interest rate swaps 650,000 650,000 Derivative not designated as a hedging instrument: Foreign currency exchange contracts — 9,396 Carbon options (a) 3,115 2,517 (a) Notional amount for carbon options is calculated as the number of units outstanding multiplied by the spot price as of September 30, 2019 .
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following table contains the fair values of the derivative financial instruments recorded in the Consolidated Balance Sheets: Location on Balance Sheet Fair Value Assets / (Liabilities) (a) September 30, 2019 December 31, 2018 Derivatives designated as cash flow hedges: Foreign currency exchange contracts Other current liabilities (3,288 ) (1,569 ) Other non-current liabilities (253 ) — Foreign currency option contracts Other current assets 15 217 Other assets 138 102 Other current liabilities (179 ) (106 ) Other non-current liabilities (159 ) (68 ) Interest rate swaps Other assets 750 23,735 Other non-current liabilities (17,987 ) — Derivative not designated as a hedging instrument: Foreign currency exchange contracts Other current assets — 152 Other current liabilities — (24 ) Carbon options Other current liabilities (2 ) (322 ) Total derivative contracts: Other current assets $15 $369 Other assets 888 23,837 Total derivative assets $903 $24,206 Other current liabilities (3,469 ) (2,021 ) Other non-current liabilities (18,399 ) (68 ) Total derivative liabilities ($21,868 ) ($2,089 ) (a) See Note 14 — Fair Value Measurements for further information on the fair value of the Company’s derivatives including their classification within the fair value hierarchy.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	The following table presents the carrying amount and estimated fair values of financial instruments held by the Company at September 30, 2019 and December 31, 2018 , using market information and what the Company believes to be appropriate valuation methodologies under GAAP: September 30, 2019 December 31, 2018 Asset (Liability) (a) Carrying Amount Fair Value Carrying Amount Fair Value Level 1 Level 2 Level 1 Level 2 Cash and cash equivalents $56,946 $56,946 — $148,374 $148,374 — Restricted cash (b) 2,988 2,988 — 8,080 8,080 — Long-term debt (c) (972,989 ) — (981,500 ) (972,567 ) — (975,845 ) Interest rate swaps (d) (17,237 ) — (17,237 ) 23,735 — 23,735 Foreign currency exchange contracts (d) (3,541 ) — (3,541 ) (1,442 ) — (1,442 ) Foreign currency option contracts (d) (185 ) — (185 ) 145 — 145 Carbon option contracts (d) (2 ) — (2 ) (322 ) — (322 ) (a) The Company did not have Level 3 assets or liabilities at September 30, 2019 and December 31, 2018 . (b) Restricted cash represents the proceeds from like-kind exchange sales deposited with a third-party intermediary and cash held in escrow for a real estate sale. See Note 18 — Restricted Cash for additional information. (c) The carrying amount of long-term debt is presented net of capitalized debt costs on non-revolving debt. See Note 6 — Debt for additional information. (d) See Note 13 — Derivative Financial Instruments and Hedging Activities for information regarding the Consolidated Balance Sheets classification of the Company’s derivative financial instruments.

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	9 Months Ended
	Sep. 30, 2019
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Schedule of Components of Net Periodic Benefit Cost	The net pension and postretirement benefit costs (credit) that have been recorded are shown in the following table: Components of Net Periodic Benefit Cost (Credit) Income Statement Location Pension Postretirement Three Months Ended Three Months Ended 2019 2018 2019 2018 Service cost Selling and general expenses — — $1 $2 Interest cost Interest and other miscellaneous income, net 799 755 13 13 Expected return on plan assets (a) Interest and other miscellaneous income, net (777 ) (983 ) — — Amortization of losses Interest and other miscellaneous income, net 112 168 — — Net periodic benefit cost (credit) $134 ($60 ) $14 $15 Components of Net Periodic Benefit Cost (Credit) Income Statement Location Pension Postretirement Nine Months Ended Nine Months Ended 2019 2018 2019 2018 Service cost Selling and general expenses — — $4 $5 Interest cost Interest and other miscellaneous income, net 2,398 2,266 40 38 Expected return on plan assets (a) Interest and other miscellaneous income, net (2,330 ) (2,950 ) — — Amortization of losses Interest and other miscellaneous income, net 337 505 — 2 Net periodic benefit cost (credit) $405 ($179 ) $44 $45 (a) The weighted-average expected long-term rate of return on plan assets used in computing 2019 net periodic benefit cost for pension benefits is 5.7% .

OTHER OPERATING (EXPENSE) INC_2

OTHER OPERATING (EXPENSE) INCOME, NET (Tables)	9 Months Ended
	Sep. 30, 2019
Other Income and Expenses [Abstract]
Other operating (expense) income, net	Other operating (expense) income, net consisted of the following: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Foreign currency income $724 $242 $147 $264 (Loss) gain on sale or disposal of property and equipment — (30 ) 56 (3 ) (Loss) gain on foreign currency exchange and option contracts (1,619 ) (712 ) (1,732 ) 1,599 Log trading marketing fees 102 66 239 197 Income from the sale of unused Internet Protocol addresses — — — 646 Other expense, net (72 ) (17 ) (1,509 ) (126 ) Total ($865 ) ($451 ) ($2,799 ) $2,577

INVENTORY (Tables)

INVENTORY (Tables)	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Schedule of Inventory	As of September 30, 2019 and December 31, 2018 , Rayonier’s inventory consisted entirely of finished goods, as follows: September 30, 2019 December 31, 2018 Finished goods inventory Real estate inventory (a) $3,795 $11,919 Log inventory 4,557 3,784 Total inventory $8,352 $15,703 (a) Represents the cost of HBU real estate (including capitalized development investments) under contract to be sold. See Note 7 — Higher And Better Use Timberlands and Real Estate Development Investments for additional information.

RESTRICTED CASH (Tables)

RESTRICTED CASH (Tables)	9 Months Ended
	Sep. 30, 2019
Restricted Cash and Investments [Abstract]
Schedule of Restricted Cash	The following table contains the amounts of restricted cash recorded in the Consolidated Balance Sheets and Consolidated Statements of Cash Flows for the nine months ended September 30, 2019 : September 30, 2019 Restricted cash deposited with LKE intermediary $2,513 Restricted cash held in escrow 475 Total restricted cash shown in the Consolidated Balance Sheets 2,988 Cash and cash equivalents 56,946 Total cash, cash equivalents and restricted cash shown in the Consolidated Statements of Cash Flows $59,934
Schedule of Cash and Cash Equivalents	The following table contains the amounts of restricted cash recorded in the Consolidated Balance Sheets and Consolidated Statements of Cash Flows for the nine months ended September 30, 2019 : September 30, 2019 Restricted cash deposited with LKE intermediary $2,513 Restricted cash held in escrow 475 Total restricted cash shown in the Consolidated Balance Sheets 2,988 Cash and cash equivalents 56,946 Total cash, cash equivalents and restricted cash shown in the Consolidated Statements of Cash Flows $59,934

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)	9 Months Ended
	Sep. 30, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in AOCI by component for the nine months ended September 30, 2019 and the year ended December 31, 2018 . All amounts are presented net of tax and exclude portions attributable to noncontrolling interest. Foreign currency translation (loss) gains Net investment hedges of New Zealand subsidiary Cash flow hedges Employee benefit plans Total Balance as of December 31, 2017 $15,975 $1,665 $16,184 ($20,407 ) $13,417 Other comprehensive (loss) income before reclassifications (16,985 ) (344 ) 5,944 (1,594 ) (12,979 ) Amounts reclassified from accumulated other comprehensive (loss) income — — (163 ) (36 ) (199 ) Net other comprehensive (loss) income (16,985 ) (344 ) 5,781 (1,630 ) (13,178 ) Balance as of December 31, 2018 ($1,010 ) $1,321 $21,965 ($22,037 ) $239 Other comprehensive (loss) income before reclassifications (21,545 ) — (42,529 ) (a) — (64,074 ) Amounts reclassified from accumulated other comprehensive (loss) income — — 282 337 (b) 619 Net other comprehensive (loss) income (21,545 ) — (42,247 ) 337 (63,455 ) Balance as of September 30, 2019 ($22,555 ) $1,321 ($20,282 ) ($21,700 ) ($63,216 ) (a) Includes $41.0 million of other comprehensive loss related to interest rate swaps. See Note 13 — Derivative Financial Instruments and Hedging Activities for additional information. (b) This component of other comprehensive (loss) income is included in the computation of net periodic pension and post-retirement costs. See Note 15 — Employee Benefit Plans for additional information.
Reclassification out of Accumulated Other Comprehensive Income	The following table presents details of the amounts reclassified in their entirety from AOCI to net income for the nine months ended September 30, 2019 and September 30, 2018 : Details about accumulated other comprehensive (loss) income components Amount reclassified from accumulated other comprehensive (loss) income Affected line item in the income statement September 30, 2019 September 30, 2018 Realized loss (gain) on foreign currency exchange contracts $580 ($865 ) Other operating (expense) income, net Realized (gain) on foreign currency option contracts (71 ) (156 ) Other operating (expense) income, net Noncontrolling interest (117 ) 235 Comprehensive (loss) income attributable to noncontrolling interest Income tax (benefit) expense from gain on foreign currency contracts (110 ) 220 Income tax expense Net loss (gain) from accumulated other comprehensive income $282 ($566 )

CONSOLIDATING FINANCIAL STATE_2

CONSOLIDATING FINANCIAL STATEMENTS (Tables)	9 Months Ended
	Sep. 30, 2019
Condensed Financial Information Disclosure [Abstract]
Schedule of Consolidating Statements of Income and Comprehensive Income	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended September 30, 2019 Rayonier Inc. (Parent Issuer) Subsidiary Guarantors Non- guarantors Consolidating Adjustments Total Consolidated SALES — — $156,417 — $156,417 Costs and Expenses Cost of sales — — (134,463 ) — (134,463 ) Selling and general expenses — (4,725 ) (5,377 ) — (10,102 ) Other operating expense, net — (17 ) (848 ) — (865 ) — (4,742 ) (140,688 ) — (145,430 ) OPERATING (LOSS) INCOME — (4,742 ) 15,729 — 10,987 Interest expense (3,139 ) (4,843 ) (14 ) — (7,996 ) Interest and miscellaneous income (expense), net (457 ) 742 503 — 788 Equity in income from subsidiaries 3,163 12,660 — (15,823 ) — (LOSS) INCOME BEFORE INCOME TAXES (433 ) 3,817 16,218 (15,823 ) 3,779 Income tax expense — (654 ) (1,597 ) — (2,251 ) NET (LOSS) INCOME (433 ) 3,163 14,621 (15,823 ) 1,528 Less: Net income attributable to noncontrolling interest — — (1,961 ) — (1,961 ) NET (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC. (433 ) 3,163 12,660 (15,823 ) (433 ) OTHER COMPREHENSIVE (LOSS) INCOME Foreign currency translation adjustment, net of income tax (21,918 ) — (28,524 ) 21,918 (28,524 ) Cash flow hedges, net of income tax (11,899 ) (10,141 ) (2,283 ) 11,899 (12,424 ) Amortization of pension and postretirement plans, net of income tax 112 112 — (112 ) 112 Total other comprehensive loss (33,705 ) (10,029 ) (30,807 ) 33,705 (40,836 ) COMPREHENSIVE (LOSS) INCOME (34,138 ) (6,866 ) (16,186 ) 17,882 (39,308 ) Less: Comprehensive income attributable to noncontrolling interest — — 5,169 — 5,169 COMPREHENSIVE LOSS ATTRIBUTABLE TO RAYONIER INC. ($34,138 ) ($6,866 ) ($11,017 ) $17,882 ($34,139 ) CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended September 30, 2018 Rayonier Inc. (Parent Issuer) Subsidiary Guarantors Non- guarantors Consolidating Adjustments Total Consolidated SALES — — $200,890 — $200,890 Costs and Expenses Cost of sales — — (143,261 ) — (143,261 ) Selling and general expenses — (5,094 ) (5,706 ) — (10,800 ) Other operating (expense) income, net — (50 ) (401 ) — (451 ) — (5,144 ) (149,368 ) — (154,512 ) OPERATING (LOSS) INCOME — (5,144 ) 51,522 — 46,378 Interest expense (3,138 ) (4,676 ) (24 ) — (7,838 ) Interest and miscellaneous income (expense), net 1,743 1,755 (3,003 ) — 495 Equity in income from subsidiaries 24,827 33,539 — (58,366 ) — INCOME BEFORE INCOME TAXES 23,432 25,474 48,495 (58,366 ) 39,035 Income tax expense — (647 ) (7,749 ) — (8,396 ) NET INCOME 23,432 24,827 40,746 (58,366 ) 30,639 Less: Net income attributable to noncontrolling interest — — (7,207 ) — (7,207 ) NET INCOME ATTRIBUTABLE TO RAYONIER INC. 23,432 24,827 33,539 (58,366 ) 23,432 OTHER COMPREHENSIVE (LOSS) INCOME Foreign currency translation adjustment, net of income tax (8,090 ) — (10,527 ) 8,090 (10,527 ) Cash flow hedges, net of income tax 4,379 5,174 (1,032 ) (4,379 ) 4,142 Amortization of pension and postretirement plans, net of income tax (542 ) (542 ) — 542 (542 ) Total other comprehensive (loss) income (4,253 ) 4,632 (11,559 ) 4,253 (6,927 ) COMPREHENSIVE INCOME 19,179 29,459 29,187 (54,113 ) 23,712 Less: Comprehensive loss attributable to noncontrolling interest — — (4,533 ) — (4,533 ) COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC. $19,179 $29,459 $24,654 ($54,113 ) $19,179 CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME Nine Months Ended September 30, 2019 Rayonier Inc. (Parent Issuer) Subsidiary Guarantors Non- guarantors Consolidating Adjustments Total Consolidated SALES — — $532,764 — $532,764 Costs and Expenses Cost of sales — — (418,169 ) — (418,169 ) Selling and general expenses — (15,228 ) (15,668 ) — (30,896 ) Other operating expense, net — (1,107 ) (1,692 ) — (2,799 ) — (16,335 ) (435,529 ) — (451,864 ) OPERATING (LOSS) INCOME — (16,335 ) 97,235 — 80,900 Interest expense (9,417 ) (14,160 ) (52 ) — (23,629 ) Interest and miscellaneous income (expense), net (1,370 ) 2,634 1,914 — 3,178 Equity in income from subsidiaries 53,899 83,161 — (137,060 ) — INCOME BEFORE INCOME TAXES 43,112 55,300 99,097 (137,060 ) 60,449 Income tax expense — (1,401 ) (8,807 ) — (10,208 ) NET INCOME 43,112 53,899 90,290 (137,060 ) 50,241 Less: Net income attributable to noncontrolling interest — — (7,129 ) — (7,129 ) NET INCOME ATTRIBUTABLE TO RAYONIER INC. 43,112 53,899 83,161 (137,060 ) 43,112 OTHER COMPREHENSIVE (LOSS) INCOME Foreign currency translation adjustment, net of income tax (21,544 ) (90 ) (28,005 ) 21,544 (28,095 ) Cash flow hedges, net of income tax (42,248 ) (40,973 ) (1,656 ) 42,248 (42,629 ) Amortization of pension and postretirement plans, net of income tax 337 337 — (337 ) 337 Total other comprehensive loss (63,455 ) (40,726 ) (29,661 ) 63,455 (70,387 ) COMPREHENSIVE (LOSS) INCOME (20,343 ) 13,173 60,629 (73,605 ) (20,146 ) Less: Comprehensive loss attributable to noncontrolling interest — — (197 ) — (197 ) COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC. ($20,343 ) $13,173 $60,432 ($73,605 ) ($20,343 ) CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME Nine Months Ended September 30, 2018 Rayonier Inc. Subsidiary Guarantors Non- Consolidating Total Consolidated SALES — — $649,991 — $649,991 Costs and Expenses Cost of sales — — (466,167 ) — (466,167 ) Selling and general expenses — (14,953 ) (16,351 ) — (31,304 ) Other operating (expense) income, net (12 ) 545 2,044 — 2,577 (12 ) (14,408 ) (480,474 ) — (494,894 ) OPERATING (LOSS) INCOME (12 ) (14,408 ) 169,517 — 155,097 Interest expense (9,417 ) (14,229 ) (346 ) — (23,992 ) Interest and miscellaneous income (expense), net 7,105 3,265 (6,350 ) — 4,020 Equity in income from subsidiaries 102,553 128,786 — (231,339 ) — INCOME BEFORE INCOME TAXES 100,229 103,414 162,821 (231,339 ) 135,125 Income tax expense — (861 ) (21,582 ) — (22,443 ) NET INCOME 100,229 102,553 141,239 (231,339 ) 112,682 Less: Net income attributable to noncontrolling interest — — (12,453 ) — (12,453 ) NET INCOME ATTRIBUTABLE TO RAYONIER INC. 100,229 102,553 128,786 (231,339 ) 100,229 OTHER COMPREHENSIVE (LOSS) INCOME Foreign currency translation adjustment, net of income tax (23,341 ) 452 (31,051 ) 23,341 (30,599 ) Cash flow hedges, net of income tax 22,476 26,460 (5,175 ) (22,476 ) 21,285 Amortization of pension and postretirement plans, net of income tax (204 ) (204 ) — 204 (204 ) Total other comprehensive (loss) income (1,069 ) 26,708 (36,226 ) 1,069 (9,518 ) COMPREHENSIVE INCOME 99,160 129,261 105,013 (230,270 ) 103,164 Less: Comprehensive loss attributable to noncontrolling interest — — (4,004 ) — (4,004 ) COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC. $99,160 $129,261 $101,009 ($230,270 ) $99,160
Schedule of Condensed Consolidating Balance Sheets	CONDENSED CONSOLIDATING BALANCE SHEETS As of September 30, 2019 Rayonier Inc. (Parent Issuer) Subsidiary Guarantors Non- guarantors Consolidating Adjustments Total Consolidated ASSETS CURRENT ASSETS Cash and cash equivalents $6,181 $32,926 $17,839 — $56,946 Accounts receivable, less allowance for doubtful accounts — 2,894 23,165 — 26,059 Inventory — — 8,352 — 8,352 Prepaid expenses — 2,056 12,838 — 14,894 Other current assets — 97 182 — 279 Total current assets 6,181 37,973 62,376 — 106,530 TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION — — 2,408,310 — 2,408,310 HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS — — 89,456 — 89,456 NET PROPERTY, PLANT AND EQUIPMENT — 16,803 5,397 — 22,200 RESTRICTED CASH — — 2,988 — 2,988 RIGHT-OF-USE ASSETS — 33,893 63,539 — 97,432 INVESTMENT IN SUBSIDIARIES 1,692,797 2,994,568 — (4,687,365 ) — INTERCOMPANY RECEIVABLE 56,257 (644,851 ) 588,594 — — OTHER ASSETS 2 (2,735 ) 42,895 — 40,162 TOTAL ASSETS $1,755,237 $2,435,651 $3,263,555 ($4,687,365 ) $2,767,078 LIABILITIES AND SHAREHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable — $3,381 $16,175 — $19,556 Accrued taxes — 227 7,869 — 8,096 Accrued payroll and benefits — 4,217 2,342 — 6,559 Accrued interest 6,094 1,882 — — 7,976 Deferred revenue — — 15,320 — 15,320 Other current liabilities — 4,747 21,515 — 26,262 Total current liabilities 6,094 14,454 63,221 — 83,769 LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS 324,079 648,910 — — 972,989 PENSION AND OTHER POSTRETIREMENT BENEFITS — 24,637 (684 ) — 23,953 LONG-TERM LEASE LIABILITY — 29,619 58,768 — 88,387 OTHER NON-CURRENT LIABILITIES — 25,234 57,125 — 82,359 TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 1,425,064 1,692,797 2,994,568 (4,687,365 ) 1,425,064 Noncontrolling interest — — 90,557 — 90,557 TOTAL SHAREHOLDERS’ EQUITY 1,425,064 1,692,797 3,085,125 (4,687,365 ) 1,515,621 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $1,755,237 $2,435,651 $3,263,555 ($4,687,365 ) $2,767,078 CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2018 Rayonier Inc. (Parent Issuer) Subsidiary Guarantors Non- guarantors Consolidating Adjustments Total Consolidated ASSETS CURRENT ASSETS Cash and cash equivalents $361 $104,777 $43,236 — $148,374 Accounts receivable, less allowance for doubtful accounts — 3,752 22,399 — 26,151 Inventory — — 15,703 — 15,703 Prepaid expenses — 977 16,039 — 17,016 Other current assets — 108 501 — 609 Total current assets 361 109,614 97,878 — 207,853 TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION — — 2,401,327 — 2,401,327 HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS — — 85,609 — 85,609 NET PROPERTY, PLANT AND EQUIPMENT — 16,940 5,811 — 22,751 RESTRICTED CASH — — 8,080 — 8,080 INVESTMENT IN SUBSIDIARIES 1,833,899 3,022,875 — (4,856,774 ) — INTERCOMPANY RECEIVABLE 49,461 (638,424 ) 588,963 — — OTHER ASSETS 2 19,244 35,800 — 55,046 TOTAL ASSETS $1,883,723 $2,530,249 $3,223,468 ($4,856,774 ) $2,780,666 LIABILITIES AND SHAREHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable — $1,616 $16,403 — $18,019 Accrued taxes — 8 3,170 — 3,178 Accrued payroll and benefits — 5,848 4,568 — 10,416 Accrued interest 3,047 1,960 — — 5,007 Deferred revenue — — 10,447 — 10,447 Other current liabilities — 216 16,258 — 16,474 Total current liabilities 3,047 9,648 50,846 — 63,541 LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS 323,803 648,764 — — 972,567 PENSION AND OTHER POSTRETIREMENT BENEFITS — 30,484 (684 ) — 29,800 OTHER NON-CURRENT LIABILITIES — 7,454 52,754 — 60,208 TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 1,556,873 1,833,899 3,022,875 (4,856,774 ) 1,556,873 Noncontrolling interest — — 97,677 — 97,677 TOTAL SHAREHOLDERS’ EQUITY 1,556,873 1,833,899 3,120,552 (4,856,774 ) 1,654,550 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $1,883,723 $2,530,249 $3,223,468 ($4,856,774 ) $2,780,666
Schedule of Condensed Consolidating Statements of Cash Flows	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Nine Months Ended September 30, 2019 Rayonier Inc. (Parent Issuer) Subsidiary Guarantors Non- guarantors Consolidating Adjustments Total Consolidated CASH (USED FOR) PROVIDED BY OPERATING ACTIVITIES ($14,637 ) $15,495 $163,335 — $164,193 INVESTING ACTIVITIES Capital expenditures — (619 ) (44,652 ) — (45,271 ) Real estate development investments — — (3,349 ) — (3,349 ) Purchase of timberlands — — (81,913 ) — (81,913 ) Investment in subsidiaries — (3,945 ) — 3,945 — Other — (7,304 ) 5,085 — (2,219 ) CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES — (11,868 ) (124,829 ) 3,945 (132,752 ) FINANCING ACTIVITIES Dividends paid (104,667 ) (25,983 ) 24,525 — (106,125 ) Proceeds from the issuance of common shares under incentive stock plan 831 — — — 831 Repurchase of common shares (4,249 ) — — — (4,249 ) Repurchase of common shares made under repurchase program — (8,430 ) — — (8,430 ) Proceeds from shareholder distribution hedge — — 135 — 135 Distribution to minority shareholder — — (7,315 ) — (7,315 ) Intercompany distributions 128,542 (41,065 ) (83,532 ) (3,945 ) — CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES 20,457 (75,478 ) (66,187 ) (3,945 ) (125,153 ) EFFECT OF EXCHANGE RATE CHANGES ON CASH — — (2,808 ) — (2,808 ) CASH, CASH EQUIVALENTS AND RESTRICTED CASH Change in cash, cash equivalents and restricted cash 5,820 (71,851 ) (30,489 ) — (96,520 ) Balance, beginning of year 361 104,777 51,316 — 156,454 Balance, end of period $6,181 $32,926 $20,827 — $59,934 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Nine Months Ended September 30, 2018 Rayonier Inc. (Parent Issuer) Subsidiary Guarantors Non- guarantors Consolidating Adjustments Total Consolidated CASH (USED FOR) PROVIDED BY OPERATING ACTIVITIES ($16,590 ) $165,283 $112,358 — $261,051 INVESTING ACTIVITIES Capital expenditures — (58 ) (44,079 ) — (44,137 ) Real estate development investments — — (6,889 ) — (6,889 ) Purchase of timberlands — — (38,978 ) — (38,978 ) Investment in subsidiaries — 40,554 — (40,554 ) — Other — — 2,132 — 2,132 CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES — 40,496 (87,814 ) (40,554 ) (87,872 ) FINANCING ACTIVITIES (a) Issuance of debt — — 1,014 — 1,014 Repayment of debt — (50,000 ) (4,416 ) — (54,416 ) Dividends paid (101,839 ) — — — (101,839 ) Proceeds from the issuance of common shares under incentive stock plan 8,216 — — — 8,216 Repurchase of common shares (2,980 ) — — — (2,980 ) Proceeds from shareholder distribution hedge — — 610 — 610 Distribution to minority shareholder — — (3,122 ) — (3,122 ) Issuance of intercompany notes (9,000 ) — 9,000 — — Intercompany distributions 79,874 (88,074 ) (32,354 ) 40,554 — CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES (25,729 ) (138,074 ) (29,268 ) 40,554 (152,517 ) EFFECT OF EXCHANGE RATE CHANGES ON CASH — — (1,341 ) — (1,341 ) CASH, CASH EQUIVALENTS AND RESTRICTED CASH Change in cash, cash equivalents and restricted cash (42,319 ) 67,705 (6,065 ) — 19,321 Balance, beginning of year 48,564 25,042 98,750 — 172,356 Balance, end of period $6,245 $92,747 $92,685 — $191,677

REVENUE (Contract Liability) (D

REVENUE (Contract Liability) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue recognized from contract liability balance at the beginning of the year	$ 874	$ 355	$ 9,670	$ 8,685

REVENUE (Disaggregation of Reve

REVENUE (Disaggregation of Revenue by Product) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	$ 156,417	$ 200,890	$ 532,764	$ 649,991
Total Revenue	156,417	200,890	532,764	649,991
Pulpwood
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	31,927	33,323	108,623	105,004
Sawtimber
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	101,274	122,213	330,576	390,560
Hardwood
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	2,338	1,071	4,816	2,882
Timber
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	135,539	156,607	444,015	498,446
License Revenue, Primarily From Hunting
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	4,641	4,338	13,463	12,879
Other Non-Timber/Carbon Revenue
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	6,876	3,605	22,011	16,114
Agency Fee Income
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	149	172	531	460
Total Non-Timber Sales
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	11,666	8,115	36,005	29,453
Improved Development
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	4,492	1,352	5,007	3,817
Unimproved Development
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers		1,175	15,430	8,621
Rural
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	3,841	4,489	23,304	10,969
Non-strategic / Timberlands
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	428	29,152	8,484	98,685
Other
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	451		519
Real Estate
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	9,212	36,168	52,744	122,092
Operating Segments | Southern Timber
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	41,282	39,662	148,325	131,298
Total Revenue	41,282	39,662	148,325	131,298
Operating Segments | Southern Timber | Pulpwood
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	19,093	19,998	65,202	61,898
Operating Segments | Southern Timber | Sawtimber
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	11,581	13,734	51,019	45,452
Operating Segments | Southern Timber | Hardwood
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	2,338	1,071	4,816	2,882
Operating Segments | Southern Timber | Timber
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	33,012	34,803	121,037	110,232
Operating Segments | Southern Timber | License Revenue, Primarily From Hunting
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	4,351	4,016	12,772	12,137
Operating Segments | Southern Timber | Other Non-Timber/Carbon Revenue
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	3,919	843	14,516	8,929
Operating Segments | Southern Timber | Agency Fee Income
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	0	0	0	0
Operating Segments | Southern Timber | Total Non-Timber Sales
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	8,270	4,859	27,288	21,066
Operating Segments | Pacific Northwest Timber
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	18,766	27,815	57,856	91,402
Total Revenue	18,766	27,815	57,856	91,402
Operating Segments | Pacific Northwest Timber | Pulpwood
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	2,109	3,560	7,196	11,648
Operating Segments | Pacific Northwest Timber | Sawtimber
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	16,064	23,495	48,748	77,172
Operating Segments | Pacific Northwest Timber | Hardwood
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	0	0	0	0
Operating Segments | Pacific Northwest Timber | Timber
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	18,173	27,055	55,944	88,820
Operating Segments | Pacific Northwest Timber | License Revenue, Primarily From Hunting
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	199	224	404	450
Operating Segments | Pacific Northwest Timber | Other Non-Timber/Carbon Revenue
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	394	536	1,508	2,132
Operating Segments | Pacific Northwest Timber | Agency Fee Income
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	0	0	0	0
Operating Segments | Pacific Northwest Timber | Total Non-Timber Sales
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	593	760	1,912	2,582
Operating Segments | New Zealand Timber
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	61,999	66,265	181,257	188,882
Total Revenue	61,999	66,265	181,257	188,882
Operating Segments | New Zealand Timber | Pulpwood
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	7,930	7,278	25,278	20,910
Operating Segments | New Zealand Timber | Sawtimber
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	51,415	56,663	149,705	162,627
Operating Segments | New Zealand Timber | Hardwood
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	0	0	0	0
Operating Segments | New Zealand Timber | Timber
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	59,345	63,941	174,983	183,537
Operating Segments | New Zealand Timber | License Revenue, Primarily From Hunting
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	91	98	287	292
Operating Segments | New Zealand Timber | Other Non-Timber/Carbon Revenue
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	2,563	2,226	5,987	5,053
Operating Segments | New Zealand Timber | Agency Fee Income
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	0	0	0	0
Operating Segments | New Zealand Timber | Total Non-Timber Sales
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	2,654	2,324	6,274	5,345
Operating Segments | Real Estate
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	9,212	36,168	52,744	122,092
Total Revenue	9,212	36,168	52,744	122,092
Operating Segments | Real Estate | Improved Development
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	4,492	1,352	5,007	3,817
Operating Segments | Real Estate | Unimproved Development
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers		1,175	15,430	8,621
Operating Segments | Real Estate | Rural
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	3,841	4,489	23,304	10,969
Operating Segments | Real Estate | Non-strategic / Timberlands
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	428	29,152	8,484	98,685
Operating Segments | Real Estate | Other
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	451		519
Operating Segments | Trading
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	25,158	30,980	92,582	116,317
Total Revenue	25,192	31,010	92,719	116,383
Operating Segments | Trading | Pulpwood
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	2,795	2,487	10,947	10,548
Operating Segments | Trading | Sawtimber
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	22,214	28,321	81,104	105,309
Operating Segments | Trading | Hardwood
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	0	0	0	0
Operating Segments | Trading | Timber
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	25,009	30,808	92,051	115,857
Operating Segments | Trading | License Revenue, Primarily From Hunting
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	0	0	0	0
Operating Segments | Trading | Other Non-Timber/Carbon Revenue
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	0	0	0	0
Operating Segments | Trading | Agency Fee Income
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	149	172	531	460
Operating Segments | Trading | Total Non-Timber Sales
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	149	172	531	460
Intersegment Eliminations
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	(34)	(30)	(137)	(66)
Total Revenue	(34)	(30)	(137)	(66)
Intersegment Eliminations | Trading
Disaggregation of Revenue [Line Items]
Revenue from Contracts with Customers	$ 34	$ 30	$ 137	$ 66

REVENUE (Disaggregation of Re_2

REVENUE (Disaggregation of Revenue by Contract Type) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Total Timber Sales	$ 156,417	$ 200,890	$ 532,764	$ 649,991
Stumpage Pay-as-Cut
Disaggregation of Revenue [Line Items]
Total Timber Sales	13,077	16,984	56,257	59,348
Stumpage Lump Sum
Disaggregation of Revenue [Line Items]
Total Timber Sales	1,677	2,427	4,353	14,212
Total Stumpage
Disaggregation of Revenue [Line Items]
Total Timber Sales	14,754	19,411	60,610	73,560
Total Delivered
Disaggregation of Revenue [Line Items]
Total Timber Sales	120,785	137,196	383,405	424,886
Total Delivered | Delivered Wood (Domestic)
Disaggregation of Revenue [Line Items]
Total Timber Sales	58,116	67,352	179,499	196,203
Total Delivered | Delivered Wood (Export)
Disaggregation of Revenue [Line Items]
Total Timber Sales	62,669	69,844	203,906	228,683
Timber
Disaggregation of Revenue [Line Items]
Total Timber Sales	135,539	156,607	444,015	498,446
Southern Timber | Stumpage Pay-as-Cut
Disaggregation of Revenue [Line Items]
Total Timber Sales	13,077	16,984	56,257	59,348
Southern Timber | Stumpage Lump Sum
Disaggregation of Revenue [Line Items]
Total Timber Sales	1,677	284	4,353	2,358
Southern Timber | Total Stumpage
Disaggregation of Revenue [Line Items]
Total Timber Sales	14,754	17,268	60,610	61,706
Southern Timber | Total Delivered
Disaggregation of Revenue [Line Items]
Total Timber Sales	18,258	17,535	60,427	48,526
Southern Timber | Total Delivered | Delivered Wood (Domestic)
Disaggregation of Revenue [Line Items]
Total Timber Sales	16,597	15,856	52,977	44,399
Southern Timber | Total Delivered | Delivered Wood (Export)
Disaggregation of Revenue [Line Items]
Total Timber Sales	1,661	1,679	7,450	4,127
Pacific Northwest Timber | Stumpage Pay-as-Cut
Disaggregation of Revenue [Line Items]
Total Timber Sales	0	0	0	0
Pacific Northwest Timber | Stumpage Lump Sum
Disaggregation of Revenue [Line Items]
Total Timber Sales	0	2,143	0	11,854
Pacific Northwest Timber | Total Stumpage
Disaggregation of Revenue [Line Items]
Total Timber Sales	0	2,143	0	11,854
Pacific Northwest Timber | Total Delivered
Disaggregation of Revenue [Line Items]
Total Timber Sales	18,173	24,912	55,944	76,966
Pacific Northwest Timber | Total Delivered | Delivered Wood (Domestic)
Disaggregation of Revenue [Line Items]
Total Timber Sales	18,173	24,912	55,944	76,966
Pacific Northwest Timber | Total Delivered | Delivered Wood (Export)
Disaggregation of Revenue [Line Items]
Total Timber Sales	0	0	0	0
New Zealand Timber | Stumpage Pay-as-Cut
Disaggregation of Revenue [Line Items]
Total Timber Sales	0	0	0	0
New Zealand Timber | Stumpage Lump Sum
Disaggregation of Revenue [Line Items]
Total Timber Sales	0	0	0	0
New Zealand Timber | Total Stumpage
Disaggregation of Revenue [Line Items]
Total Timber Sales	0	0	0	0
New Zealand Timber | Total Delivered
Disaggregation of Revenue [Line Items]
Total Timber Sales	59,345	63,941	174,983	183,537
New Zealand Timber | Total Delivered | Delivered Wood (Domestic)
Disaggregation of Revenue [Line Items]
Total Timber Sales	22,722	24,771	65,161	70,521
New Zealand Timber | Total Delivered | Delivered Wood (Export)
Disaggregation of Revenue [Line Items]
Total Timber Sales	36,623	39,170	109,822	113,016
Trading | Stumpage Pay-as-Cut
Disaggregation of Revenue [Line Items]
Total Timber Sales	0	0	0	0
Trading | Stumpage Lump Sum
Disaggregation of Revenue [Line Items]
Total Timber Sales	0	0	0	0
Trading | Total Stumpage
Disaggregation of Revenue [Line Items]
Total Timber Sales	0	0	0	0
Trading | Total Delivered
Disaggregation of Revenue [Line Items]
Total Timber Sales	25,009	30,808	92,051	115,857
Trading | Total Delivered | Delivered Wood (Domestic)
Disaggregation of Revenue [Line Items]
Total Timber Sales	624	1,813	5,417	4,317
Trading | Total Delivered | Delivered Wood (Export)
Disaggregation of Revenue [Line Items]
Total Timber Sales	24,385	28,995	86,634	111,540
Operating Segments | Southern Timber
Disaggregation of Revenue [Line Items]
Total Timber Sales	41,282	39,662	148,325	131,298
Operating Segments | Southern Timber | Timber
Disaggregation of Revenue [Line Items]
Total Timber Sales	33,012	34,803	121,037	110,232
Operating Segments | Pacific Northwest Timber
Disaggregation of Revenue [Line Items]
Total Timber Sales	18,766	27,815	57,856	91,402
Operating Segments | Pacific Northwest Timber | Timber
Disaggregation of Revenue [Line Items]
Total Timber Sales	18,173	27,055	55,944	88,820
Operating Segments | New Zealand Timber
Disaggregation of Revenue [Line Items]
Total Timber Sales	61,999	66,265	181,257	188,882
Operating Segments | New Zealand Timber | Timber
Disaggregation of Revenue [Line Items]
Total Timber Sales	59,345	63,941	174,983	183,537
Operating Segments | Trading
Disaggregation of Revenue [Line Items]
Total Timber Sales	25,158	30,980	92,582	116,317
Operating Segments | Trading | Timber
Disaggregation of Revenue [Line Items]
Total Timber Sales	$ 25,009	$ 30,808	$ 92,051	$ 115,857

LEASES - Narrative (Details)

LEASES - Narrative (Details) a in Thousands	9 Months Ended
	Sep. 30, 2019alease
United States | Minimum | Timberland Leases
Lessee, Lease, Description [Line Items]
Contract terms, in years	30 years
United States | Maximum | Timberland Leases
Lessee, Lease, Description [Line Items]
Contract terms, in years	65 years
New Zealand | Minimum | Timberland Leases
Lessee, Lease, Description [Line Items]
Contract terms, in years	30 years
New Zealand | Maximum | Timberland Leases
Lessee, Lease, Description [Line Items]
Contract terms, in years	99 years
Matariki Crown Forest Licenses
Lessee, Lease, Description [Line Items]
Operating leases, renewal term	1 year
Matariki Crown Forest Licenses | Timberland Leases
Lessee, Lease, Description [Line Items]
Lease termination period	35 years
Matariki Crown Forest Licenses | Minimum | Timberland Leases
Lessee, Lease, Description [Line Items]
Lease termination period	35 years
Matariki Crown Forest Licenses | Maximum | Timberland Leases
Lessee, Lease, Description [Line Items]
Lease termination period	45 years
Matariki Crown Forest Licenses | New Zealand
Lessee, Lease, Description [Line Items]
Number of leases under termination notice | lease	2
Leases under termination notice | a	9
Number of fixed term forest leases expiring | lease	2
Fixed-term forest leases expiring, Acres | a	3
Number of forestry rights under termination notice | lease	2
Forestry rights under termination notice | a	32

LEASES - Lease Maturities (Deta

LEASES - Lease Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Leases [Abstract]
Remaining 2019	$ 4,164
2020	9,595
2021	8,869
2022	8,020
2023	7,991
Thereafter	146,527
Operating lease liabilities	185,166
Imputed interest	(87,239)
Balance at September 30, 2019	97,927
Less: Current portion	(9,540)
Non-current portion at September 30, 2019	$ 88,387	$ 0

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Operating lease cost	$ 1,959	$ 6,791
Variable lease cost	54	211
Total lease cost	$ 2,013	$ 7,002

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 2,152
Investing cash flows from operating leases	4,639
Total cash flows from operating leases	$ 6,791
Weighted-average remaining lease term in years - operating leases	28 years
Weighted-average discount rate - operating leases	5.00%

NEW ZEALAND SUBSIDIARY (Details

NEW ZEALAND SUBSIDIARY (Details) - Matariki Forestry Group a in Thousands	Sep. 30, 2019a
Schedule of Equity Method Investments [Line Items]
Acres of timberland owned (acres)	414
Step acquisition percentage equity interest in acquiree	23.00%
Rayonier
Schedule of Equity Method Investments [Line Items]
Ownership percentage	77.00%

SEGMENT AND GEOGRAPHICAL INFO_3

SEGMENT AND GEOGRAPHICAL INFORMATION (Schedule of Segment Sales) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
SALES	$ 156,417	$ 200,890	$ 532,764	$ 649,991
Operating Segments | Southern Timber
Segment Reporting Information [Line Items]
SALES	41,282	39,662	148,325	131,298
Operating Segments | Pacific Northwest Timber
Segment Reporting Information [Line Items]
SALES	18,766	27,815	57,856	91,402
Operating Segments | New Zealand Timber
Segment Reporting Information [Line Items]
SALES	61,999	66,265	181,257	188,882
Operating Segments | Real Estate
Segment Reporting Information [Line Items]
SALES	9,212	36,168	52,744	122,092
Operating Segments | Trading
Segment Reporting Information [Line Items]
SALES	25,192	31,010	92,719	116,383
Intersegment Eliminations
Segment Reporting Information [Line Items]
SALES	$ (34)	$ (30)	$ (137)	$ (66)

SEGMENT AND GEOGRAPHICAL INFO_4

SEGMENT AND GEOGRAPHICAL INFORMATION (Schedule of Operating Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Total Operating Income	$ 10,987	$ 46,378	$ 80,900	$ 155,097
Unallocated interest expense and other	(7,208)	(7,343)	(20,451)	(19,972)
INCOME BEFORE INCOME TAXES	3,779	39,035	60,449	135,125
Operating Segments | Southern Timber
Segment Reporting Information [Line Items]
Total Operating Income	9,512	9,183	45,773	37,061
Operating Segments | Pacific Northwest Timber
Segment Reporting Information [Line Items]
Total Operating Income	(3,567)	1,911	(11,123)	12,209
Operating Segments | New Zealand Timber
Segment Reporting Information [Line Items]
Total Operating Income	10,104	16,416	38,621	50,141
Operating Segments | Real Estate
Segment Reporting Information [Line Items]
Total Operating Income	425	24,726	25,920	71,645
Operating Segments | Trading
Segment Reporting Information [Line Items]
Total Operating Income	(37)	304	271	680
Corporate and Other
Segment Reporting Information [Line Items]
Total Operating Income	$ (5,450)	$ (6,162)	$ (18,562)	$ (16,639)

SEGMENT AND GEOGRAPHICAL INFO_5

SEGMENT AND GEOGRAPHICAL INFORMATION (Schedule of Depreciation, Depletion and Amortization) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
DEPRECIATION, DEPLETION AND AMORTIZATION	$ 27,846	$ 34,806	$ 91,939	$ 115,726
Operating Segments | Southern Timber
Segment Reporting Information [Line Items]
DEPRECIATION, DEPLETION AND AMORTIZATION	13,025	13,672	45,633	44,591
Operating Segments | Pacific Northwest Timber
Segment Reporting Information [Line Items]
DEPRECIATION, DEPLETION AND AMORTIZATION	6,299	7,802	19,170	26,687
Operating Segments | New Zealand Timber
Segment Reporting Information [Line Items]
DEPRECIATION, DEPLETION AND AMORTIZATION	7,563	7,544	21,071	21,287
Operating Segments | Real Estate
Segment Reporting Information [Line Items]
DEPRECIATION, DEPLETION AND AMORTIZATION	668	5,491	5,202	22,296
Corporate and Other
Segment Reporting Information [Line Items]
DEPRECIATION, DEPLETION AND AMORTIZATION	$ 291	$ 297	$ 863	$ 865

SEGMENT AND GEOGRAPHICAL INFO_6

SEGMENT AND GEOGRAPHICAL INFORMATION (Schedule of Non-Cash Cost of Land and Improved Development) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
NON-CASH COST OF LAND AND IMPROVED DEVELOPMENT	$ 4,339	$ 2,115	$ 9,985	$ 17,051
Real Estate
Segment Reporting Information [Line Items]
NON-CASH COST OF LAND AND IMPROVED DEVELOPMENT	$ 4,339	$ 2,115	$ 9,985	$ 17,051

DEBT (Schedule of Long Term Deb

DEBT (Schedule of Long Term Debt) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total debt	$ 975,000,000
Less: Deferred financing costs	(2,011,000)
Long-term debt, net of deferred financing costs	972,989,000	$ 972,567,000
Term Credit Agreement borrowings due 2024 at a variable interest rate of 4.1% at June 30, 2019
Debt Instrument [Line Items]
Total debt	$ 350,000,000
Effective interest rate	3.70%
Debt instrument, interest rate during period	3.30%
Term Credit Agreement borrowings due 2024 at a variable interest rate of 4.1% at June 30, 2019 | LIBOR
Debt Instrument [Line Items]
Basis points on periodic interest rate	1.625%
Senior Notes due 2022 at a fixed interest rate of 3.75%
Debt Instrument [Line Items]
Total debt	$ 325,000,000
Fixed interest rate	3.75%
Incremental Term Loan Agreement borrowings due 2026 at a variable interest rate of 4.3% at June 30, 2019
Debt Instrument [Line Items]
Total debt	$ 300,000,000
Effective interest rate	4.00%
Debt instrument, interest rate during period	2.80%
Incremental Term Loan Agreement borrowings due 2026 at a variable interest rate of 4.3% at June 30, 2019 | LIBOR
Debt Instrument [Line Items]
Basis points on periodic interest rate	1.90%

DEBT (Schedule of Long Term Mat

DEBT (Schedule of Long Term Maturities) (Details) $ in Thousands	Sep. 30, 2019USD ($)
Debt Disclosure [Abstract]
2019	$ 0
2020	0
2021	0
2022	325,000
2023	0
Thereafter	650,000
Total Debt	$ 975,000

DEBT (Narrative) (Details)

DEBT (Narrative) (Details) - 9 months ended Sep. 30, 2019 $ in Millions	USD ($)	NZD ($)
Debt Instrument [Line Items]
Total debt	$ 975,000,000
Term Credit Agreement
Debt Instrument [Line Items]
Total debt	350,000,000
Revolving Credit Facility borrowings due 2020 | Unsecured Revolving Credit Agreement Expiring 2020
Debt Instrument [Line Items]
Proceeds from lines of credit	0
Repayments of lines of credit	0
Remaining borrowing capacity	198,400,000
Maximum borrowing capacity	200,000,000
Working Capital Facility
Debt Instrument [Line Items]
Proceeds from lines of credit	0
Repayments of lines of credit	0
Remaining borrowing capacity		$ 20
Incremental Term Loan Agreement borrowings due 2026
Debt Instrument [Line Items]
Total debt	300,000,000
Standby Letters of Credit | Revolving Credit Facility borrowings due 2020 | Unsecured Revolving Credit Agreement Expiring 2020
Debt Instrument [Line Items]
Amount to secure outstanding letters of credit	$ 1,600,000

HIGHER AND BETTER USE TIMBERL_3

HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Real Estate, Land and Land Development Costs [Roll Forward]
Non-current portion, Beginning Balance	$ 85,609
Plus: Current portion, Beginning Balance	11,919
Total Balance, Beginning Balance	97,528
Non-cash cost of land and improved development	(5,567)
Timber depletion from harvesting activities and basis of timber sold in real estate sales	(2,301)
Capitalized real estate development investments	3,349
Capital expenditures (silviculture)	166
Intersegment transfers	76
Total Balance, Ending Balance	93,251
Less: Current portion, Ending Balance	(3,795)
Non-current portion, Ending Balance	89,456
Capitalized interest	300
Land and Timber
Real Estate, Land and Land Development Costs [Roll Forward]
Non-current portion, Beginning Balance	59,189
Plus: Current portion, Beginning Balance	4,239
Total Balance, Beginning Balance	63,428
Non-cash cost of land and improved development	(1,432)
Timber depletion from harvesting activities and basis of timber sold in real estate sales	(2,301)
Capitalized real estate development investments	0
Capital expenditures (silviculture)	166
Intersegment transfers	76
Total Balance, Ending Balance	59,937
Less: Current portion, Ending Balance	(341)
Non-current portion, Ending Balance	59,596
Development Investments
Real Estate, Land and Land Development Costs [Roll Forward]
Non-current portion, Beginning Balance	26,420
Plus: Current portion, Beginning Balance	7,680
Total Balance, Beginning Balance	34,100
Non-cash cost of land and improved development	(4,135)
Timber depletion from harvesting activities and basis of timber sold in real estate sales	0
Capitalized real estate development investments	3,349
Capital expenditures (silviculture)	0
Intersegment transfers	0
Total Balance, Ending Balance	33,314
Less: Current portion, Ending Balance	(3,454)
Non-current portion, Ending Balance	$ 29,860

COMMITMENTS (Future Minimum Pay

COMMITMENTS (Future Minimum Payments) (Details) $ in Thousands	Sep. 30, 2019USD ($)
Commitments
Remaining 2019	$ 5,433
2020	8,232
2021	1,641
2022	802
2023	780
Thereafter	537
Commitments, total	17,425
Development Projects
Commitments
Remaining 2019	4,050
2020	739
2021	161
2022	61
2023	44
Thereafter	108
Commitments, total	5,163
Pension Contributions
Commitments
Remaining 2019	442
2020	3,606
2021	682
2022	0
2023	0
Thereafter	0
Commitments, total	4,730
Commitments
Commitments
Remaining 2019	941
2020	3,887
2021	798
2022	741
2023	736
Thereafter	429
Commitments, total	$ 7,532

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income tax expense	$ 2,251	$ 8,396	$ 10,208	$ 22,443
Annualized effective tax rate after discrete items			16.60%	16.50%

GUARANTEES (Details)

GUARANTEES (Details) $ in Thousands	Sep. 30, 2019USD ($)
Guarantor Obligations [Line Items]
Maximum Potential Payment	$ 5,072
Standby letters of credit
Guarantor Obligations [Line Items]
Maximum Potential Payment	1,585
Letter of credit for development project	600
Surety bonds
Guarantor Obligations [Line Items]
Maximum Potential Payment	$ 3,487

(LOSS) EARNINGS PER COMMON SH_3

(LOSS) EARNINGS PER COMMON SHARE (Schedule of Earnings Per Share, Basic and Diluted) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Net Income	$ 1,528	$ 20,920	$ 27,793	$ 30,639	$ 39,338	$ 42,706	$ 50,241	$ 112,682
Less: Net income attributable to noncontrolling interest	(1,961)			(7,207)			(7,129)	(12,453)
Net (loss) income attributable to Rayonier Inc.	$ (433)			$ 23,432			$ 43,112	$ 100,229
Shares used for determining basic (loss) earnings per common share (in shares)	129,325,181			129,142,931			129,293,562	129,005,074
Dilutive effect of:
Stock options (in shares)	0			73,372			13,405	85,000
Performance and restricted shares (in shares)	0			539,571			345,495	584,364
Shares used for determining diluted (loss) earnings per common share (in shares)	129,325,181			129,755,874			129,652,462	129,674,438
Basic (loss) earnings per common share attributable to Rayonier Inc. (in dollars per share)	$ 0			$ 0.18			$ 0.33	$ 0.78
Diluted (loss) earnings per common share attributable to Rayonier Inc. (in dollars per share)	$ 0			$ 0.18			$ 0.33	$ 0.77

(LOSS) EARNINGS PER COMMON SH_4

(LOSS) EARNINGS PER COMMON SHARE (Antidilutive Securities) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from the computations of diluted (loss) earnings per share (in shares)	611,740	150,313	421,853	192,265
Stock options, performance and restricted shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from the computations of diluted (loss) earnings per share (in shares)	611,740	150,313	421,853	192,265

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Narrative) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Derivatives designated as cash flow hedges: | Designated as Hedging Instrument
Derivative [Line Items]
AOCI gain (loss) balance expected to be reclassified in next twelve months, net of tax	$ (2.5)
New Zealand JV | Forecasted Sales and Purchases, term 1
Derivative [Line Items]
Length of time, foreign currency cash flow hedge	12 months
New Zealand JV | Minimum
Derivative [Line Items]
Percent of forecast sales and purchases hedged for 12 months	50.00%
Percent of forecast sales and purchases hedged for three to 12 months	25.00%
New Zealand JV | Minimum | Forecasted Sales and Purchases, term 1
Derivative [Line Items]
Length of time, foreign currency cash flow hedge	3 months
New Zealand JV | Minimum | Forecasted Sales and Purchases, term 2
Derivative [Line Items]
Length of time, foreign currency cash flow hedge	12 months
New Zealand JV | Maximum
Derivative [Line Items]
Percent of forecast sales and purchases hedged for 12 months	90.00%
Percent of forecast sales and purchases hedged for three to 12 months	75.00%
Percent of forecast sales and purchases hedged for 12 to 18 months	75.00%
New Zealand JV | Maximum | Forecasted Sales and Purchases, term 2
Derivative [Line Items]
Length of time, foreign currency cash flow hedge	18 months

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Interest Rate Swaps) (Details) - Derivatives designated as cash flow hedges: - Designated as Hedging Instrument	9 Months Ended
	Sep. 30, 2019USD ($)
Interest Rate Swap 1
Derivative [Line Items]
Term	9 years
Notional Amount	$ 170,000
Fixed Rate of Swap	2.20%
Bank Margin on Debt	1.63%
Total Effective Interest Rate	3.83%
Interest Rate Swap 2
Derivative [Line Items]
Term	9 years
Notional Amount	$ 180,000
Fixed Rate of Swap	2.35%
Bank Margin on Debt	1.63%
Total Effective Interest Rate	3.98%
Interest Rate Swap 3
Derivative [Line Items]
Term	10 years
Notional Amount	$ 100,000
Fixed Rate of Swap	1.60%
Bank Margin on Debt	1.90%
Total Effective Interest Rate	3.50%
Interest Rate Swap 4
Derivative [Line Items]
Term	10 years
Notional Amount	$ 100,000
Fixed Rate of Swap	1.60%
Bank Margin on Debt	1.90%
Total Effective Interest Rate	3.50%
Interest Rate Swap 5
Derivative [Line Items]
Term	10 years
Notional Amount	$ 100,000
Fixed Rate of Swap	1.26%
Bank Margin on Debt	1.90%
Total Effective Interest Rate	3.16%

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Income Statement Location) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Cash flow hedges, net of income tax	$ (12,424)	$ (19,519)	$ (10,686)	$ 4,142	$ 529	$ 16,615	$ (42,629)	$ 21,285
Designated as Hedging Instrument | Foreign currency exchange contracts | Other comprehensive (loss) | Derivatives designated as cash flow hedges:
Derivative Instruments, Gain (Loss) [Line Items]
Cash flow hedges, net of income tax	(2,870)			(1,402)			(1,971)	(6,800)
Designated as Hedging Instrument | Foreign currency exchange contracts | Other comprehensive (loss) | Derivatives designated as a net investment hedge:
Derivative Instruments, Gain (Loss) [Line Items]
Cash flow hedges, net of income tax							0	(344)
Designated as Hedging Instrument | Foreign currency option contracts | Other comprehensive (loss) | Derivatives designated as cash flow hedges:
Derivative Instruments, Gain (Loss) [Line Items]
Cash flow hedges, net of income tax	(300)			(29)			(330)	(388)
Designated as Hedging Instrument | Interest rate swaps | Other comprehensive (loss) | Derivatives designated as cash flow hedges:
Derivative Instruments, Gain (Loss) [Line Items]
Cash flow hedges, net of income tax	(10,141)			5,173			(40,972)	26,461
Derivatives not designated as hedging instruments: | Foreign currency exchange contracts | Interest and other miscellaneous income, net
Derivative Instruments, Gain (Loss) [Line Items]
Non-designated hedged item, gain (loss) recognized in income	0			(189)			135	2,419
Derivatives not designated as hedging instruments: | Carbon option contracts | Interest and other miscellaneous income, net
Derivative Instruments, Gain (Loss) [Line Items]
Non-designated hedged item, gain (loss) recognized in income	$ 0			$ (577)			$ 414	$ (577)

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Notional Amounts) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Designated as Hedging Instrument | Derivatives designated as cash flow hedges: | Foreign currency exchange contracts
Derivatives, Fair Value [Line Items]
Notional Amount	$ 60,750	$ 69,950
Designated as Hedging Instrument | Derivatives designated as cash flow hedges: | Foreign currency option contracts
Derivatives, Fair Value [Line Items]
Notional Amount	28,000	24,000
Designated as Hedging Instrument | Derivatives designated as cash flow hedges: | Interest rate swaps
Derivatives, Fair Value [Line Items]
Notional Amount	650,000	650,000
Derivatives not designated as hedging instruments: | Foreign currency exchange contracts
Derivatives, Fair Value [Line Items]
Notional Amount	0	9,396
Derivatives not designated as hedging instruments: | Carbon options
Derivatives, Fair Value [Line Items]
Notional Amount	$ 3,115	$ 2,517

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Balance Sheet Location) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	$ 903	$ 24,206
Fair value, derivative liability	(21,868)	(2,089)
Other current assets
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	15	369
Other assets
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	888	23,837
Other current liabilities
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	(3,469)	(2,021)
Other non-current liabilities
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	(18,399)	(68)
Designated as Hedging Instrument | Derivatives designated as cash flow hedges: | Foreign currency exchange contracts
Derivatives, Fair Value [Line Items]
Notional Amount	60,750	69,950
Designated as Hedging Instrument | Derivatives designated as cash flow hedges: | Foreign currency exchange contracts | Other current liabilities
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	(3,288)	(1,569)
Designated as Hedging Instrument | Derivatives designated as cash flow hedges: | Foreign currency exchange contracts | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	(253)	0
Designated as Hedging Instrument | Derivatives designated as cash flow hedges: | Foreign currency option contracts
Derivatives, Fair Value [Line Items]
Notional Amount	28,000	24,000
Designated as Hedging Instrument | Derivatives designated as cash flow hedges: | Foreign currency option contracts | Other current assets
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	15	217
Designated as Hedging Instrument | Derivatives designated as cash flow hedges: | Foreign currency option contracts | Other assets
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	138	102
Designated as Hedging Instrument | Derivatives designated as cash flow hedges: | Foreign currency option contracts | Other current liabilities
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	(179)	(106)
Designated as Hedging Instrument | Derivatives designated as cash flow hedges: | Foreign currency option contracts | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	(159)	(68)
Designated as Hedging Instrument | Derivatives designated as cash flow hedges: | Interest rate swaps
Derivatives, Fair Value [Line Items]
Notional Amount	650,000	650,000
Designated as Hedging Instrument | Derivatives designated as cash flow hedges: | Interest rate swaps | Other assets
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	750	23,735
Designated as Hedging Instrument | Derivatives designated as cash flow hedges: | Interest rate swaps | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	(17,987)	0
Derivative not designated as a hedging instrument: | Foreign currency exchange contracts
Derivatives, Fair Value [Line Items]
Notional Amount	0	9,396
Derivative not designated as a hedging instrument: | Foreign currency exchange contracts | Other current assets
Derivatives, Fair Value [Line Items]
Fair value, derivative asset	0	152
Derivative not designated as a hedging instrument: | Foreign currency exchange contracts | Other current liabilities
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	0	(24)
Derivative not designated as a hedging instrument: | Carbon options
Derivatives, Fair Value [Line Items]
Notional Amount	3,115	2,517
Derivative not designated as a hedging instrument: | Carbon options | Other current liabilities
Derivatives, Fair Value [Line Items]
Fair value, derivative liability	$ (2)	$ (322)

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carbon option contracts	$ 21,868	$ 2,089
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	56,946	148,374
Restricted cash	2,988	8,080
Long-term debt	(972,989)	(972,567)
Carrying Amount | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps, liabilities	(17,237)
Interest rate swaps, assets		23,735
Carrying Amount | Foreign currency exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency exchange contracts	(3,541)	(1,442)
Carrying Amount | Foreign currency option contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency exchange contracts	(185)
Foreign currency option contracts		145
Carrying Amount | Carbon option contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carbon option contracts	(2)	(322)
Fair Value | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	56,946	148,374
Restricted cash	2,988	8,080
Long-term debt	0	0
Fair Value | Level 1 | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps, liabilities	0
Interest rate swaps, assets		0
Fair Value | Level 1 | Foreign currency exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency exchange contracts	0	0
Fair Value | Level 1 | Foreign currency option contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency exchange contracts	0
Foreign currency option contracts		0
Fair Value | Level 1 | Carbon option contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carbon option contracts	0	0
Fair Value | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	0	0
Restricted cash	0	0
Long-term debt	(981,500)	(975,845)
Fair Value | Level 2 | Interest rate swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps, liabilities	(17,237)
Interest rate swaps, assets		23,735
Fair Value | Level 2 | Foreign currency exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency exchange contracts	(3,541)	(1,442)
Fair Value | Level 2 | Foreign currency option contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency exchange contracts	(185)
Foreign currency option contracts		145
Fair Value | Level 2 | Carbon option contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carbon option contracts	$ (2)	$ (322)

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)pension_plan	Sep. 30, 2018USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of qualified defined benefit plans | pension_plan			1
Weighted-average expected long-term rate of return on plan assets			5.70%
Pension
Defined Benefit Plan Disclosure [Line Items]
Pension contributions paid			$ 900
Minimum annual pension contribution	$ 1,300		1,300
Discretionary pension contributions paid			5,000
Service cost	0	$ 0	0	$ 0
Interest cost	799	755	2,398	2,266
Expected return on plan assets	(777)	(983)	(2,330)	(2,950)
Amortization of losses	112	168	337	505
Net periodic benefit cost (credit)	134	(60)	405	(179)
Postretirement
Defined Benefit Plan Disclosure [Line Items]
Service cost	1	2	4	5
Interest cost	13	13	40	38
Expected return on plan assets	0	0	0	0
Amortization of losses	0	0	0	2
Net periodic benefit cost (credit)	$ 14	$ 15	$ 44	$ 45

OTHER OPERATING (EXPENSE) INC_3

OTHER OPERATING (EXPENSE) INCOME, NET (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Other Income and Expenses [Abstract]
Foreign currency income	$ 724	$ 242	$ 147	$ 264
(Loss) gain on sale or disposal of property and equipment	0	(30)	56	(3)
(Loss) gain on foreign currency exchange and option contracts	(1,619)	(712)	(1,732)	1,599
Log trading marketing fees	102	66	239	197
Income from the sale of unused Internet Protocol addresses	0	0	0	646
Other expense, net	(72)	(17)	(1,509)	(126)
Total	$ (865)	$ (451)	$ (2,799)	$ 2,577

INVENTORY (Details)

INVENTORY (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Inventory [Line Items]
Inventory	$ 8,352	$ 15,703
Real estate inventory
Inventory [Line Items]
Inventory	3,795	11,919
Log inventory
Inventory [Line Items]
Inventory	$ 4,557	$ 3,784

RESTRICTED CASH - Narrative (De

RESTRICTED CASH - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Restricted Cash and Investments [Abstract]
Maximum time period proceeds from LKE sale maintained with third party intermediary, days	180 days
Restricted deposits	$ 3	$ 8.1

RESTRICTED CASH - Schedule of R

RESTRICTED CASH - Schedule of Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash shown in the Consolidated Balance Sheets	$ 2,988	$ 8,080
Cash and cash equivalents	56,946	148,374
Total cash, cash equivalents and restricted cash shown in the Consolidated Statements of Cash Flows	59,934	$ 156,454	$ 191,677	$ 172,356
Restricted cash deposited with LKE intermediary
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash shown in the Consolidated Balance Sheets	2,513
Restricted cash held in escrow
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash shown in the Consolidated Balance Sheets	$ 475

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Schedule of Components) (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 1,654,550	$ 1,692,940	$ 1,692,940
Other comprehensive (loss) income before reclassifications	(64,074)		(12,979)
Amounts reclassified from accumulated other comprehensive (loss) income	619		(199)
Net other comprehensive (loss) income	(63,455)		(13,178)
Ending balance	1,515,621	1,701,099	1,654,550
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	239	13,417	13,417
Ending balance	(63,216)	12,348	239
Foreign currency translation (loss) gains
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1,010)	15,975	15,975
Other comprehensive (loss) income before reclassifications	(21,545)		(16,985)
Amounts reclassified from accumulated other comprehensive (loss) income	0		0
Net other comprehensive (loss) income	(21,545)		(16,985)
Ending balance	(22,555)		(1,010)
Net investment hedges of New Zealand subsidiary
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	1,321	1,665	1,665
Other comprehensive (loss) income before reclassifications	0		(344)
Amounts reclassified from accumulated other comprehensive (loss) income	0		0
Net other comprehensive (loss) income	0		(344)
Ending balance	1,321		1,321
Cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	21,965	16,184	16,184
Other comprehensive (loss) income before reclassifications	(42,529)		5,944
Amounts reclassified from accumulated other comprehensive (loss) income	282		(163)
Net other comprehensive (loss) income	(42,247)		5,781
Ending balance	(20,282)		21,965
Cash flow hedges | Interest rate swaps
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Other comprehensive (loss) income before reclassifications	41,000
Employee benefit plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(22,037)	$ (20,407)	(20,407)
Other comprehensive (loss) income before reclassifications	0		(1,594)
Amounts reclassified from accumulated other comprehensive (loss) income	337		(36)
Net other comprehensive (loss) income	337		(1,630)
Ending balance	$ (21,700)		$ (22,037)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Reclassified AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other operating (expense) income, net	$ (865)	$ (451)	$ (2,799)	$ 2,577
Comprehensive (loss) income attributable to noncontrolling interest	5,169	(4,533)	(197)	(4,004)
Income tax expense	$ (2,251)	$ (8,396)	(10,208)	(22,443)
Net loss (gain) from accumulated other comprehensive income			619		$ (199)
Cash flow hedges, parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net loss (gain) from accumulated other comprehensive income			282	(566)
Cash flow hedges, parent | Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income tax expense			(110)	220
Cash flow hedges, parent | Reclassification out of Accumulated Other Comprehensive Income | Realized loss (gain) on foreign currency exchange contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other operating (expense) income, net			580	(865)
Cash flow hedges, parent | Reclassification out of Accumulated Other Comprehensive Income | Realized (gain) on foreign currency option contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other operating (expense) income, net			(71)	(156)
Cash flow hedges, noncontrolling interest | Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Comprehensive (loss) income attributable to noncontrolling interest			$ (117)	$ 235

CONSOLIDATING FINANCIAL STATE_3

CONSOLIDATING FINANCIAL STATEMENTS (Narrative) (Details) - Senior Notes due 2022 at a fixed interest rate of 3.75%	Mar. 31, 2012USD ($)
Debt Instrument [Line Items]
Face amount	$ 325,000,000
Stated interest rate	3.75%

CONSOLIDATING FINANCIAL STATE_4

CONSOLIDATING FINANCIAL STATEMENTS (Income and Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Condensed Statement of Income Captions [Line Items]
SALES	$ 156,417			$ 200,890			$ 532,764	$ 649,991
Costs and Expenses
Cost of sales	(134,463)			(143,261)			(418,169)	(466,167)
Selling and general expenses	(10,102)			(10,800)			(30,896)	(31,304)
Other operating (expense) income, net	(865)			(451)			(2,799)	2,577
Costs and Expenses, Total	(145,430)			(154,512)			(451,864)	(494,894)
OPERATING INCOME	10,987			46,378			80,900	155,097
Interest expense	(7,996)			(7,838)			(23,629)	(23,992)
Interest and miscellaneous income (expense), net	788			495			3,178	4,020
Equity in income from subsidiaries	0			0			0	0
INCOME BEFORE INCOME TAXES	3,779			39,035			60,449	135,125
Income tax expense	(2,251)			(8,396)			(10,208)	(22,443)
NET INCOME	1,528	$ 20,920	$ 27,793	30,639	$ 39,338	$ 42,706	50,241	112,682
Less: Net income attributable to noncontrolling interest	(1,961)			(7,207)			(7,129)	(12,453)
NET (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC.	(433)			23,432			43,112	100,229
Foreign currency translation adjustment, net of income tax	(28,524)	(5,604)	6,033	(10,527)	(29,760)	9,688	(28,095)	(30,599)
Cash flow hedges, net of income tax	(12,424)	$ (19,519)	$ (10,686)	4,142	$ 529	$ 16,615	(42,629)	21,285
Amortization of pension and postretirement plans, net of income tax	112			(542)			337	(204)
Total other comprehensive (loss)	(40,836)			(6,927)			(70,387)	(9,518)
COMPREHENSIVE (LOSS) INCOME	(39,308)			23,712			(20,146)	103,164
Less: Comprehensive loss (income) attributable to noncontrolling interest	5,169			(4,533)			(197)	(4,004)
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC.	(34,139)			19,179			(20,343)	99,160
Consolidating Adjustments
Condensed Statement of Income Captions [Line Items]
SALES	0			0			0	0
Costs and Expenses
Cost of sales	0			0			0	0
Selling and general expenses	0			0			0	0
Other operating (expense) income, net	0			0			0	0
Costs and Expenses, Total	0			0			0	0
OPERATING INCOME	0			0			0	0
Interest expense	0			0			0	0
Interest and miscellaneous income (expense), net	0			0			0	0
Equity in income from subsidiaries	(15,823)			(58,366)			(137,060)	(231,339)
INCOME BEFORE INCOME TAXES	(15,823)			(58,366)			(137,060)	(231,339)
Income tax expense	0			0			0	0
NET INCOME	(15,823)			(58,366)			(137,060)	(231,339)
Less: Net income attributable to noncontrolling interest	0			0			0	0
NET (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC.	(15,823)			(58,366)			(137,060)	(231,339)
Foreign currency translation adjustment, net of income tax	21,918			8,090			21,544	23,341
Cash flow hedges, net of income tax	11,899			(4,379)			42,248	(22,476)
Amortization of pension and postretirement plans, net of income tax	(112)			542			(337)	204
Total other comprehensive (loss)	33,705			4,253			63,455	1,069
COMPREHENSIVE (LOSS) INCOME	17,882			(54,113)			(73,605)	(230,270)
Less: Comprehensive loss (income) attributable to noncontrolling interest	0			0			0	0
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC.	17,882			(54,113)			(73,605)	(230,270)
Rayonier Inc. (Parent Issuer) | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
SALES	0			0			0	0
Costs and Expenses
Cost of sales	0			0			0	0
Selling and general expenses	0			0			0	0
Other operating (expense) income, net	0			0			0	(12)
Costs and Expenses, Total	0			0			0	(12)
OPERATING INCOME	0			0			0	(12)
Interest expense	(3,139)			(3,138)			(9,417)	(9,417)
Interest and miscellaneous income (expense), net	(457)			1,743			(1,370)	7,105
Equity in income from subsidiaries	3,163			24,827			53,899	102,553
INCOME BEFORE INCOME TAXES	(433)			23,432			43,112	100,229
Income tax expense	0			0			0	0
NET INCOME	(433)			23,432			43,112	100,229
Less: Net income attributable to noncontrolling interest	0			0			0	0
NET (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC.	(433)			23,432			43,112	100,229
Foreign currency translation adjustment, net of income tax	(21,918)			(8,090)			(21,544)	(23,341)
Cash flow hedges, net of income tax	(11,899)			4,379			(42,248)	22,476
Amortization of pension and postretirement plans, net of income tax	112			(542)			337	(204)
Total other comprehensive (loss)	(33,705)			(4,253)			(63,455)	(1,069)
COMPREHENSIVE (LOSS) INCOME	(34,138)			19,179			(20,343)	99,160
Less: Comprehensive loss (income) attributable to noncontrolling interest	0			0			0	0
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC.	(34,138)			19,179			(20,343)	99,160
Subsidiary Guarantors | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
SALES	0			0			0	0
Costs and Expenses
Cost of sales	0			0			0	0
Selling and general expenses	(4,725)			(5,094)			(15,228)	(14,953)
Other operating (expense) income, net	(17)			(50)			(1,107)	545
Costs and Expenses, Total	(4,742)			(5,144)			(16,335)	(14,408)
OPERATING INCOME	(4,742)			(5,144)			(16,335)	(14,408)
Interest expense	(4,843)			(4,676)			(14,160)	(14,229)
Interest and miscellaneous income (expense), net	742			1,755			2,634	3,265
Equity in income from subsidiaries	12,660			33,539			83,161	128,786
INCOME BEFORE INCOME TAXES	3,817			25,474			55,300	103,414
Income tax expense	(654)			(647)			(1,401)	(861)
NET INCOME	3,163			24,827			53,899	102,553
Less: Net income attributable to noncontrolling interest	0			0			0	0
NET (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC.	3,163			24,827			53,899	102,553
Foreign currency translation adjustment, net of income tax	0			0			(90)	452
Cash flow hedges, net of income tax	(10,141)			5,174			(40,973)	26,460
Amortization of pension and postretirement plans, net of income tax	112			(542)			337	(204)
Total other comprehensive (loss)	(10,029)			4,632			(40,726)	26,708
COMPREHENSIVE (LOSS) INCOME	(6,866)			29,459			13,173	129,261
Less: Comprehensive loss (income) attributable to noncontrolling interest	0			0			0	0
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC.	(6,866)			29,459			13,173	129,261
Non- guarantors | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
SALES	156,417			200,890			532,764	649,991
Costs and Expenses
Cost of sales	(134,463)			(143,261)			(418,169)	(466,167)
Selling and general expenses	(5,377)			(5,706)			(15,668)	(16,351)
Other operating (expense) income, net	(848)			(401)			(1,692)	2,044
Costs and Expenses, Total	(140,688)			(149,368)			(435,529)	(480,474)
OPERATING INCOME	15,729			51,522			97,235	169,517
Interest expense	(14)			(24)			(52)	(346)
Interest and miscellaneous income (expense), net	503			(3,003)			1,914	(6,350)
Equity in income from subsidiaries	0			0			0	0
INCOME BEFORE INCOME TAXES	16,218			48,495			99,097	162,821
Income tax expense	(1,597)			(7,749)			(8,807)	(21,582)
NET INCOME	14,621			40,746			90,290	141,239
Less: Net income attributable to noncontrolling interest	(1,961)			(7,207)			(7,129)	(12,453)
NET (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC.	12,660			33,539			83,161	128,786
Foreign currency translation adjustment, net of income tax	(28,524)			(10,527)			(28,005)	(31,051)
Cash flow hedges, net of income tax	(2,283)			(1,032)			(1,656)	(5,175)
Amortization of pension and postretirement plans, net of income tax	0			0			0	0
Total other comprehensive (loss)	(30,807)			(11,559)			(29,661)	(36,226)
COMPREHENSIVE (LOSS) INCOME	(16,186)			29,187			60,629	105,013
Less: Comprehensive loss (income) attributable to noncontrolling interest	5,169			(4,533)			(197)	(4,004)
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC.	$ (11,017)			$ 24,654			$ 60,432	$ 101,009

CONSOLIDATING FINANCIAL STATE_5

CONSOLIDATING FINANCIAL STATEMENTS (Balance Sheets) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
CURRENT ASSETS
Cash and cash equivalents	$ 56,946			$ 148,374
Accounts receivable, less allowance for doubtful accounts	26,059			26,151
Inventory	8,352			15,703
Prepaid expenses	14,894			17,016
Other current assets	279			609
Total current assets	106,530			207,853
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,408,310			2,401,327
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS	89,456			85,609
NET PROPERTY, PLANT AND EQUIPMENT	22,200			22,751
RESTRICTED CASH	2,988			8,080
RIGHT-OF-USE ASSETS	97,432			0
INVESTMENT IN SUBSIDIARIES	0			0
INTERCOMPANY RECEIVABLE	0			0
OTHER ASSETS	40,162			55,046
TOTAL ASSETS	2,767,078			2,780,666
CURRENT LIABILITIES
Accounts payable	19,556			18,019
Accrued taxes	8,096			3,178
Accrued payroll and benefits	6,559			10,416
Accrued interest	7,976			5,007
Deferred revenue	15,320			10,447
Other current liabilities	26,262			16,474
Total current liabilities	83,769			63,541
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS	972,989			972,567
PENSION AND OTHER POSTRETIREMENT BENEFITS	23,953			29,800
LONG-TERM LEASE LIABILITY	88,387			0
OTHER NON-CURRENT LIABILITIES	82,359			60,208
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,425,064			1,556,873
Noncontrolling interest	90,557			97,677
TOTAL SHAREHOLDERS’ EQUITY	1,515,621	$ 1,600,298	$ 1,641,200	1,654,550	$ 1,701,099	$ 1,712,877	$ 1,736,173	$ 1,692,940
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	2,767,078			2,780,666
Consolidating Adjustments
CURRENT ASSETS
Cash and cash equivalents	0			0
Accounts receivable, less allowance for doubtful accounts	0			0
Inventory	0			0
Prepaid expenses	0			0
Other current assets	0			0
Total current assets	0			0
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	0			0
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS	0			0
NET PROPERTY, PLANT AND EQUIPMENT	0			0
RESTRICTED CASH	0			0
RIGHT-OF-USE ASSETS	0
INVESTMENT IN SUBSIDIARIES	(4,687,365)			(4,856,774)
INTERCOMPANY RECEIVABLE	0			0
OTHER ASSETS	0			0
TOTAL ASSETS	(4,687,365)			(4,856,774)
CURRENT LIABILITIES
Accounts payable	0			0
Accrued taxes	0			0
Accrued payroll and benefits	0			0
Accrued interest	0			0
Deferred revenue	0			0
Other current liabilities	0			0
Total current liabilities	0			0
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS	0			0
PENSION AND OTHER POSTRETIREMENT BENEFITS	0			0
LONG-TERM LEASE LIABILITY	0
OTHER NON-CURRENT LIABILITIES	0			0
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	(4,687,365)			(4,856,774)
Noncontrolling interest	0			0
TOTAL SHAREHOLDERS’ EQUITY	(4,687,365)			(4,856,774)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	(4,687,365)			(4,856,774)
Rayonier Inc. (Parent Issuer) | Reportable Legal Entities
CURRENT ASSETS
Cash and cash equivalents	6,181			361
Accounts receivable, less allowance for doubtful accounts	0			0
Inventory	0			0
Prepaid expenses	0			0
Other current assets	0			0
Total current assets	6,181			361
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	0			0
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS	0			0
NET PROPERTY, PLANT AND EQUIPMENT	0			0
RESTRICTED CASH	0			0
RIGHT-OF-USE ASSETS	0
INVESTMENT IN SUBSIDIARIES	1,692,797			1,833,899
INTERCOMPANY RECEIVABLE	56,257			49,461
OTHER ASSETS	2			2
TOTAL ASSETS	1,755,237			1,883,723
CURRENT LIABILITIES
Accounts payable	0			0
Accrued taxes	0			0
Accrued payroll and benefits	0			0
Accrued interest	6,094			3,047
Deferred revenue	0			0
Other current liabilities	0			0
Total current liabilities	6,094			3,047
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS	324,079			323,803
PENSION AND OTHER POSTRETIREMENT BENEFITS	0			0
LONG-TERM LEASE LIABILITY	0
OTHER NON-CURRENT LIABILITIES	0			0
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,425,064			1,556,873
Noncontrolling interest	0			0
TOTAL SHAREHOLDERS’ EQUITY	1,425,064			1,556,873
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	1,755,237			1,883,723
Subsidiary Guarantors | Reportable Legal Entities
CURRENT ASSETS
Cash and cash equivalents	32,926			104,777
Accounts receivable, less allowance for doubtful accounts	2,894			3,752
Inventory	0			0
Prepaid expenses	2,056			977
Other current assets	97			108
Total current assets	37,973			109,614
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	0			0
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS	0			0
NET PROPERTY, PLANT AND EQUIPMENT	16,803			16,940
RESTRICTED CASH	0			0
RIGHT-OF-USE ASSETS	33,893
INVESTMENT IN SUBSIDIARIES	2,994,568			3,022,875
INTERCOMPANY RECEIVABLE	(644,851)			(638,424)
OTHER ASSETS	(2,735)			19,244
TOTAL ASSETS	2,435,651			2,530,249
CURRENT LIABILITIES
Accounts payable	3,381			1,616
Accrued taxes	227			8
Accrued payroll and benefits	4,217			5,848
Accrued interest	1,882			1,960
Deferred revenue	0			0
Other current liabilities	4,747			216
Total current liabilities	14,454			9,648
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS	648,910			648,764
PENSION AND OTHER POSTRETIREMENT BENEFITS	24,637			30,484
LONG-TERM LEASE LIABILITY	29,619
OTHER NON-CURRENT LIABILITIES	25,234			7,454
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,692,797			1,833,899
Noncontrolling interest	0			0
TOTAL SHAREHOLDERS’ EQUITY	1,692,797			1,833,899
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	2,435,651			2,530,249
Non- guarantors | Reportable Legal Entities
CURRENT ASSETS
Cash and cash equivalents	17,839			43,236
Accounts receivable, less allowance for doubtful accounts	23,165			22,399
Inventory	8,352			15,703
Prepaid expenses	12,838			16,039
Other current assets	182			501
Total current assets	62,376			97,878
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,408,310			2,401,327
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS	89,456			85,609
NET PROPERTY, PLANT AND EQUIPMENT	5,397			5,811
RESTRICTED CASH	2,988			8,080
RIGHT-OF-USE ASSETS	63,539
INVESTMENT IN SUBSIDIARIES	0			0
INTERCOMPANY RECEIVABLE	588,594			588,963
OTHER ASSETS	42,895			35,800
TOTAL ASSETS	3,263,555			3,223,468
CURRENT LIABILITIES
Accounts payable	16,175			16,403
Accrued taxes	7,869			3,170
Accrued payroll and benefits	2,342			4,568
Accrued interest	0			0
Deferred revenue	15,320			10,447
Other current liabilities	21,515			16,258
Total current liabilities	63,221			50,846
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS	0			0
PENSION AND OTHER POSTRETIREMENT BENEFITS	(684)			(684)
LONG-TERM LEASE LIABILITY	58,768
OTHER NON-CURRENT LIABILITIES	57,125			52,754
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	2,994,568			3,022,875
Noncontrolling interest	90,557			97,677
TOTAL SHAREHOLDERS’ EQUITY	3,085,125			3,120,552
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 3,263,555			$ 3,223,468

CONSOLIDATING FINANCIAL STATE_6

CONSOLIDATING FINANCIAL STATEMENTS (Cash Flows) (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	Aug. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Cash Flows [Abstract]
CASH (USED FOR) PROVIDED BY OPERATING ACTIVITIES		$ 164,193	$ 261,051
INVESTING ACTIVITIES
Capital expenditures		(45,271)	(44,137)
Real estate development investments		(3,349)	(6,889)
Purchase of timberlands		(81,913)	(38,978)
Investment in subsidiaries		0	0
Other		(2,219)	2,132
CASH USED FOR INVESTING ACTIVITIES		(132,752)	(87,872)
FINANCING ACTIVITIES
Issuance of debt		0	1,014
Repayment of debt		0	(54,416)
Dividends paid		(106,125)	(101,839)
Proceeds from the issuance of common shares under incentive stock plan		831	8,216
Repurchase of common shares		(4,249)	(2,980)
Proceeds from shareholder distribution hedge		135	610
Repurchase of common shares made under repurchase program		(8,430)	0
Issuance of intercompany notes			0
Distribution to minority shareholder		(7,315)	(3,122)
Intercompany distributions		0	0
CASH USED FOR FINANCING ACTIVITIES		(125,153)	(152,517)
EFFECT OF EXCHANGE RATE CHANGES ON CASH		(2,808)	(1,341)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Change in cash, cash equivalents and restricted cash		(96,520)	19,321
Balance, beginning of year		156,454	172,356
Balance, end of period		59,934	191,677
Intercompany loans waived	$ 308,700
Accrued interest waived	$ 67,200
Consolidating Adjustments
Statement of Cash Flows [Abstract]
CASH (USED FOR) PROVIDED BY OPERATING ACTIVITIES		0	0
INVESTING ACTIVITIES
Capital expenditures		0	0
Real estate development investments		0	0
Purchase of timberlands		0	0
Investment in subsidiaries		3,945	(40,554)
Other		0	0
CASH USED FOR INVESTING ACTIVITIES		3,945	(40,554)
FINANCING ACTIVITIES
Issuance of debt			0
Repayment of debt			0
Dividends paid		0	0
Proceeds from the issuance of common shares under incentive stock plan		0	0
Repurchase of common shares		0	0
Proceeds from shareholder distribution hedge		0	0
Repurchase of common shares made under repurchase program		0
Issuance of intercompany notes			0
Distribution to minority shareholder		0	0
Intercompany distributions		(3,945)	40,554
CASH USED FOR FINANCING ACTIVITIES		(3,945)	40,554
EFFECT OF EXCHANGE RATE CHANGES ON CASH		0	0
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Change in cash, cash equivalents and restricted cash		0	0
Balance, beginning of year		0	0
Balance, end of period		0	0
Rayonier Inc. (Parent Issuer) | Reportable Legal Entities
Statement of Cash Flows [Abstract]
CASH (USED FOR) PROVIDED BY OPERATING ACTIVITIES		(14,637)	(16,590)
INVESTING ACTIVITIES
Capital expenditures		0	0
Real estate development investments		0	0
Purchase of timberlands		0	0
Investment in subsidiaries		0	0
Other		0	0
CASH USED FOR INVESTING ACTIVITIES		0	0
FINANCING ACTIVITIES
Issuance of debt			0
Repayment of debt			0
Dividends paid		(104,667)	(101,839)
Proceeds from the issuance of common shares under incentive stock plan		831	8,216
Repurchase of common shares		(4,249)	(2,980)
Proceeds from shareholder distribution hedge		0	0
Repurchase of common shares made under repurchase program		0
Issuance of intercompany notes			9,000
Distribution to minority shareholder		0	0
Intercompany distributions		128,542	79,874
CASH USED FOR FINANCING ACTIVITIES		20,457	(25,729)
EFFECT OF EXCHANGE RATE CHANGES ON CASH		0	0
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Change in cash, cash equivalents and restricted cash		5,820	(42,319)
Balance, beginning of year		361	48,564
Balance, end of period		6,181	6,245
Subsidiary Guarantors | Reportable Legal Entities
Statement of Cash Flows [Abstract]
CASH (USED FOR) PROVIDED BY OPERATING ACTIVITIES		15,495	165,283
INVESTING ACTIVITIES
Capital expenditures		(619)	(58)
Real estate development investments		0	0
Purchase of timberlands		0	0
Investment in subsidiaries		(3,945)	40,554
Other		(7,304)	0
CASH USED FOR INVESTING ACTIVITIES		(11,868)	40,496
FINANCING ACTIVITIES
Issuance of debt			0
Repayment of debt			(50,000)
Dividends paid		(25,983)	0
Proceeds from the issuance of common shares under incentive stock plan		0	0
Repurchase of common shares		0	0
Proceeds from shareholder distribution hedge		0	0
Repurchase of common shares made under repurchase program		(8,430)
Issuance of intercompany notes			0
Distribution to minority shareholder		0	0
Intercompany distributions		(41,065)	(88,074)
CASH USED FOR FINANCING ACTIVITIES		(75,478)	(138,074)
EFFECT OF EXCHANGE RATE CHANGES ON CASH		0	0
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Change in cash, cash equivalents and restricted cash		(71,851)	67,705
Balance, beginning of year		104,777	25,042
Balance, end of period		32,926	92,747
Non- guarantors | Reportable Legal Entities
Statement of Cash Flows [Abstract]
CASH (USED FOR) PROVIDED BY OPERATING ACTIVITIES		163,335	112,358
INVESTING ACTIVITIES
Capital expenditures		(44,652)	(44,079)
Real estate development investments		(3,349)	(6,889)
Purchase of timberlands		(81,913)	(38,978)
Investment in subsidiaries		0	0
Other		5,085	2,132
CASH USED FOR INVESTING ACTIVITIES		(124,829)	(87,814)
FINANCING ACTIVITIES
Issuance of debt			1,014
Repayment of debt			(4,416)
Dividends paid		24,525	0
Proceeds from the issuance of common shares under incentive stock plan		0	0
Repurchase of common shares		0	0
Proceeds from shareholder distribution hedge		135	610
Repurchase of common shares made under repurchase program		0
Issuance of intercompany notes			(9,000)
Distribution to minority shareholder		(7,315)	(3,122)
Intercompany distributions		(83,532)	(32,354)
CASH USED FOR FINANCING ACTIVITIES		(66,187)	(29,268)
EFFECT OF EXCHANGE RATE CHANGES ON CASH		(2,808)	(1,341)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Change in cash, cash equivalents and restricted cash		(30,489)	(6,065)
Balance, beginning of year		51,316	98,750
Balance, end of period		$ 20,827	$ 92,685

Uncategorized Items - rayonier2

Label	Element	Value
Accounting Standards Update 2018-02 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 0
Accounting Standards Update 2018-02 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	711,000
Accounting Standards Update 2018-02 [Member] | AOCI Attributable to Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (711,000)