Fair Value Measurements Fair Value, Liabilities Measured on a Recurring Basis (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2008 |
PLUM CREEK TIMBER CO INC [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Senior Notes | $1,330,000,000 | | $1,330,000,000 | | |
Debt Instrument, Fair Value Disclosure | 3,502,000,000 | | 3,516,000,000 | | |
Line of Credit, Current | 56,000,000 | | 95,000,000 | | |
Installment Note Payable | 860,000,000 | | 860,000,000 | | |
Note Payable to Timberland Venture | 783,000,000 | | 783,000,000 | | 783,000,000 |
Long-term Debt | 3,254,000,000 | | 3,293,000,000 | | |
PLUM CREEK TIMBER CO INC [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 0 | | 0 | | |
PLUM CREEK TIMBER CO INC [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 2,607,000,000 | | 2,624,000,000 | | |
PLUM CREEK TIMBER CO INC [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 895,000,000 | | 892,000,000 | | |
PLUM CREEK TIMBERLANDS L P [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Senior Notes | 1,330,000,000 | | 1,330,000,000 | | |
Debt Instrument, Fair Value Disclosure | 2,607,000,000 | | 2,624,000,000 | | |
Line of Credit, Current | 56,000,000 | | 95,000,000 | | |
Installment Note Payable | 860,000,000 | | 860,000,000 | | |
Long-term Debt | 2,471,000,000 | | 2,510,000,000 | | |
PLUM CREEK TIMBERLANDS L P [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 0 | | 0 | | |
PLUM CREEK TIMBERLANDS L P [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 2,607,000,000 | | 2,624,000,000 | | |
PLUM CREEK TIMBERLANDS L P [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 0 | | 0 | | |
Public Debt [Member] | PLUM CREEK TIMBER CO INC [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Senior Notes | 1,330,000,000 | | 1,330,000,000 | | |
Debt Instrument, Fair Value Disclosure | 1,402,000,000 | | 1,398,000,000 | | |
Public Debt [Member] | PLUM CREEK TIMBER CO INC [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 0 | | 0 | | |
Public Debt [Member] | PLUM CREEK TIMBER CO INC [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 1,402,000,000 | [1] | 1,398,000,000 | [1] | |
Public Debt [Member] | PLUM CREEK TIMBER CO INC [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 0 | | 0 | | |
Public Debt [Member] | PLUM CREEK TIMBERLANDS L P [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Senior Notes | 1,330,000,000 | | 1,330,000,000 | | |
Debt Instrument, Fair Value Disclosure | 1,402,000,000 | | 1,398,000,000 | | |
Public Debt [Member] | PLUM CREEK TIMBERLANDS L P [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 0 | | 0 | | |
Public Debt [Member] | PLUM CREEK TIMBERLANDS L P [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 1,402,000,000 | [2] | 1,398,000,000 | [2] | |
Public Debt [Member] | PLUM CREEK TIMBERLANDS L P [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 0 | | 0 | | |
Term Credit Agreement 1 [Member] | PLUM CREEK TIMBER CO INC [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 225,000,000 | | 225,000,000 | | |
Long-term Debt | 225,000,000 | [3] | 225,000,000 | [3] | |
Term Credit Agreement 1 [Member] | PLUM CREEK TIMBER CO INC [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 0 | | 0 | | |
Term Credit Agreement 1 [Member] | PLUM CREEK TIMBER CO INC [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 225,000,000 | [4] | 225,000,000 | [4] | |
Term Credit Agreement 1 [Member] | PLUM CREEK TIMBER CO INC [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 0 | | 0 | | |
Term Credit Agreement 1 [Member] | PLUM CREEK TIMBERLANDS L P [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 225,000,000 | | 225,000,000 | | |
Long-term Debt | 225,000,000 | [5] | 225,000,000 | [5] | |
Term Credit Agreement 1 [Member] | PLUM CREEK TIMBERLANDS L P [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 0 | | 0 | | |
Term Credit Agreement 1 [Member] | PLUM CREEK TIMBERLANDS L P [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 225,000,000 | [4] | 225,000,000 | [4] | |
Term Credit Agreement 1 [Member] | PLUM CREEK TIMBERLANDS L P [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 0 | | 0 | | |
Line of Credit [Member] | PLUM CREEK TIMBER CO INC [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Line of Credit, Current | 56,000,000 | | 95,000,000 | | |
Lines of Credit, Fair Value Disclosure | 56,000,000 | | 95,000,000 | | |
Line of Credit [Member] | PLUM CREEK TIMBER CO INC [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Lines of Credit, Fair Value Disclosure | 0 | | 0 | | |
Line of Credit [Member] | PLUM CREEK TIMBER CO INC [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Lines of Credit, Fair Value Disclosure | 56,000,000 | [6] | 95,000,000 | [6] | |
Line of Credit [Member] | PLUM CREEK TIMBER CO INC [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Lines of Credit, Fair Value Disclosure | 0 | | 0 | | |
Line of Credit [Member] | PLUM CREEK TIMBERLANDS L P [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Line of Credit, Current | 56,000,000 | | 95,000,000 | | |
Lines of Credit, Fair Value Disclosure | 56,000,000 | | 95,000,000 | | |
Line of Credit [Member] | PLUM CREEK TIMBERLANDS L P [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Lines of Credit, Fair Value Disclosure | 0 | | 0 | | |
Line of Credit [Member] | PLUM CREEK TIMBERLANDS L P [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Lines of Credit, Fair Value Disclosure | 56,000,000 | [6] | 95,000,000 | [6] | |
Line of Credit [Member] | PLUM CREEK TIMBERLANDS L P [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Lines of Credit, Fair Value Disclosure | 0 | | 0 | | |
Installment Note Payable [Member] | PLUM CREEK TIMBER CO INC [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Installment Note Payable | 860,000,000 | | 860,000,000 | | |
Notes Payable, Fair Value Disclosure | 924,000,000 | | 906,000,000 | | |
Installment Note Payable [Member] | PLUM CREEK TIMBER CO INC [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Notes Payable, Fair Value Disclosure | 0 | | 0 | | |
Installment Note Payable [Member] | PLUM CREEK TIMBER CO INC [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Notes Payable, Fair Value Disclosure | 924,000,000 | [7] | 906,000,000 | [7] | |
Installment Note Payable [Member] | PLUM CREEK TIMBER CO INC [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Notes Payable, Fair Value Disclosure | 0 | | 0 | | |
Installment Note Payable [Member] | PLUM CREEK TIMBERLANDS L P [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Installment Note Payable | 860,000,000 | | 860,000,000 | | |
Notes Payable, Fair Value Disclosure | 924,000,000 | | 906,000,000 | | |
Installment Note Payable [Member] | PLUM CREEK TIMBERLANDS L P [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Notes Payable, Fair Value Disclosure | 0 | | 0 | | |
Installment Note Payable [Member] | PLUM CREEK TIMBERLANDS L P [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Notes Payable, Fair Value Disclosure | 924,000,000 | [7] | 906,000,000 | [7] | |
Installment Note Payable [Member] | PLUM CREEK TIMBERLANDS L P [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Notes Payable, Fair Value Disclosure | 0 | | 0 | | |
Note Payable to Timberland Venture [Member] | PLUM CREEK TIMBER CO INC [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 895,000,000 | | 892,000,000 | | |
Note Payable to Timberland Venture | 783,000,000 | | 783,000,000 | | |
Note Payable to Timberland Venture [Member] | PLUM CREEK TIMBER CO INC [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 0 | | 0 | | |
Note Payable to Timberland Venture [Member] | PLUM CREEK TIMBER CO INC [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | 0 | | 0 | | |
Note Payable to Timberland Venture [Member] | PLUM CREEK TIMBER CO INC [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | | |
Debt Instrument, Fair Value Disclosure | $895,000,000 | [8] | $892,000,000 | [8] | |
|
[1] | Fair value of the company's Public Debt (publicly issued Senior Notes) is estimated using multiple market quotes for the company's public bonds. |
[2] | Fair value of the Operating Partnership's Public Debt (publicly issued Senior Notes) is estimated using multiple market quotes for the Operating Partnership's public bonds. |
[3] | The company has a $225 million term credit agreement that matures on April 3, 2019. The interest rate on the $225 million term credit agreement was 1.68% and 1.67% as of MarchB 31, 2015 and DecemberB 31, 2014, respectively. After giving effect to expected patronage distributions, the effective net interest rate on the term loan was approximately 1% as of both MarchB 31, 2015 and DecemberB 31, 2014. |
[4] | Fair value is estimated by adjusting the spread over LIBOR to a current market quote for comparable debt. |
[5] | The Operating Partnership has a $225 million term credit agreement that matures on April 3, 2019. The interest rate on the $225 million term credit agreement was 1.68% and 1.67% as of MarchB 31, 2015 and DecemberB 31, 2014, respectively. After giving effect to expected patronage distributions, the effective net interest rate on the term loan was approximately 1% as of both MarchB 31, 2015 and DecemberB 31, 2014. |
[6] | Fair value is estimated by adjusting the spread over LIBOR to a current market quote for comparable credit lines. |
[7] | Fair value is estimated by adjusting the spread over the applicable Treasury rate to a current market quote for comparable debt. |
[8] | Fair value is estimated by using market quotes for the company's Public Debt adjusted by an estimated risk premium for holding company debt and the different maturity. |