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DISCONTINUED OPERATIONS (Tables) | 12 Months Ended
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Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Operating Results, Assets and Liabilities of Discontinued Operation | The following table summarizes the results of our New Zealand operations for the three years ended December 31, as presented in “Income from discontinued operations” in the Consolidated Statements of Income and Comprehensive Income (Loss):
| 2025 |  | 2024 |  | 2023
Sales | $109,332 |  |  | $275,068 |  |  | $268,560 |
Costs and Expenses |  |  |  |  |
Cost of sales (a) | (102,050) |  |  | (237,251) |  |  | (233,654) |
Other operating (expense) income, net (b) | (3,400) |  |  | 542 |  |  | (8,318) |
| (105,450) |  |  | (236,709) |  |  | (241,972) |
Operating income from discontinued operations | 3,882 |  |  | 38,359 |  |  | 26,588 |
Interest expense, net | (1,508) |  |  | (3,159) |  |  | (3,198) |
Interest income | 202 |  |  | 996 |  |  | 620 |
Income from operations of discontinued operations before income taxes | 2,576 |  |  | 36,196 |  |  | 24,010 |
Income tax expense | (693) |  |  | (8,073) |  |  | (4,829) |
Income from operations of discontinued operations, net of tax | 1,883 |  |  | 28,123 |  |  | 19,181 |
Gain on sale of discontinued operations (c) | 404,463 |  |  | — |  |  | — |
Income from discontinued operations | 406,346 |  |  | 28,123 |  |  | 19,181 |
Less: Net income from discontinued operations attributable to noncontrolling interests in the Operating Partnership | (5,375) |  |  | (324) |  |  | (275) |
Less: Net loss (income) from discontinued operations attributable to noncontrolling interests in consolidated affiliates | 192 |  |  | (4,492) |  |  | (2,144) |
Net income from discontinued operations attributable to Rayonier Inc. | $401,163 |  |  | $23,307 |  |  | $16,762 |
(a)The year ended December 31, 2023 includes timber write-offs resulting from casualty events of $2.3 million. (b)The years ended December 31, 2025 and 2024 includes transaction costs of $0.2 million and $0.7 million, respectively. (c)The gain on sale of discontinued operations is not subject to income tax, as it relates to a partnership interest. The major classes of the New Zealand operation’s assets and liabilities as reported on the December 31, 2024 Balance Sheet are as follows:
|  |  | 2024 |  |
ASSETS
CURRENT ASSETS |  |  |  |  |
Cash and cash equivalents |  |  | $20,093 |  |  |
Trade receivables, less allowance for doubtful accounts of $0 |  |  | 18,935 |  |  |
Inventory |  |  | 1,462 |  |  |
Prepaid logging roads |  |  | 5,731 |  |  |
Prepaid expenses |  |  | 475 |  |  |
Other current assets |  |  | 624 |  |  |
Total current assets |  |  | 47,320 |  |  |
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION |  |  | 339,724 |  |  |
PROPERTY, PLANT AND EQUIPMENT |  |  |  |  |
Buildings |  |  | 1,707 |  |  |
Machinery and equipment |  |  | 171 |  |  |
Total property, plant and equipment, gross |  |  | 1,878 |  |  |
Less — accumulated depreciation |  |  | (935) |  |  |
Total property, plant and equipment, net |  |  | 943 |  |  |
RIGHT-OF-USE ASSETS |  |  | 64,082 |  |  |
OTHER ASSETS |  |  | 23,850 |  |  |
TOTAL ASSETS |  |  | $475,919 |  |  |
LIABILITIES
CURRENT LIABILITIES |  |  |  |  |
Accounts payable |  |  | $9,145 |  |  |
Current maturities of long-term debt, net |  |  | 19,442 |  |  |
Accrued taxes |  |  | 2,399 |  |  |
Accrued payroll and benefits |  |  | 793 |  |  |
Other current liabilities |  |  | 15,556 |  |  |
Total current liabilities |  |  | 47,335 |  |  |
LONG-TERM DEBT, NET |  |  | 45,360 |  |  |
LONG-TERM LEASE LIABILITY |  |  | 60,038 |  |  |
OTHER NON-CURRENT LIABILITIES |  |  | 65,443 |  |  |
TOTAL LIABILITIES |  |  | $218,176 |  |  |
The following table summarizes the depreciation, depletion and amortization, capital expenditures and non-cash cost of land and improved development of the Company’s discontinued operations for the three years ended December 31:
| 2025 |  | 2024 |  | 2023
Depreciation, depletion and amortization | $9,081 |  |  | $26,395 |  |  | $21,666 |
Capital expenditures | 7,098 |  |  | 17,686 |  |  | 16,663 |
Non-cash cost of land and improved development | — |  |  | 3,041 |  |  | — |

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