| Schedule of Operating Results, Assets and Liabilities of Discontinued Operation |
The following table summarizes the results of our New Zealand operations for the three and six months ended June 30, 2026 and 2025, as presented in “Income from discontinued operations” in the Consolidated Statements of Income and Comprehensive Income (Loss): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Sales | — | | | $52,572 | | | — | | | $109,332 | | | Costs and Expenses | | | | | | | | | Cost of sales | — | | | (51,461) | | | — | | | (102,050) | | | | | | | | | | | Other operating expense, net (a) | — | | | (1,778) | | | — | | | (3,400) | | | — | | | (53,239) | | | — | | | (105,450) | | | Operating (loss) income from discontinued operations | — | | | (667) | | | — | | | 3,882 | | | Interest expense, net | — | | | (780) | | | — | | | (1,508) | | | Interest income | — | | | 104 | | | — | | | 202 | | | (Loss) income from operations of discontinued operations before income taxes | — | | | (1,343) | | | — | | | 2,576 | | | Income tax benefit (expense) | — | | | 718 | | | — | | | (693) | | | (Loss) income from operations of discontinued operations, net of tax | — | | | (625) | | | — | | | 1,883 | | | Gain on sale of discontinued operations (b) | — | | | 404,463 | | | — | | | 404,463 | | | Income from discontinued operations | — | | | 403,838 | | | — | | | 406,346 | | | Less: Net income from discontinued operations attributable to noncontrolling interests in the Operating Partnership | — | | | (5,347) | | | — | | | (5,375) | | | Less: Net loss from discontinued operations attributable to noncontrolling interests in consolidated affiliates | — | | | 577 | | | — | | | 192 | | | Net income from discontinued operations attributable to Rayonier Inc. | — | | | $399,068 | | | — | | | $401,163 | |
(a)The six months ended June 30, 2025 includes transaction costs of $0.2 million. (b)The gain on sale of discontinued operations is not subject to income tax, as it relates to a partnership interest. The following table summarizes the depreciation, depletion and amortization and capital expenditures of our New Zealand operations for the three and six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | Six Months Ended
June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Depreciation, depletion and amortization | — | | | $4,747 | | | — | | | $9,081 | | | Capital expenditures | — | | | 4,444 | | | — | | | 7,098 | | | | | | | | | |
|