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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | 12 Months Ended
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Dec. 31, 2020
Equity [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table summarizes the changes in AOCI by component for the years ended December 31, 2020 and 2019. All amounts are presented net of tax effect and exclude portions attributable to noncontrolling interest.
| Foreign currency translation gains/(losses) |  | Net investment hedges of New Zealand subsidiary |  | Cash flow hedges |  | Employee benefit plans |  | Total Rayonier, L.P. |  | Allocation of Operating Partnership |  | Total Rayonier Inc.
Balance as of December 31, 2018 | ($1,010) |  |  | $1,321 |  |  | $21,965 |  |  | ($22,037) |  |  | $239 |  |  | — |  |  | $239 |
Other comprehensive (loss) income before reclassifications | 784 |  |  | — |  |  | (29,251) |  |  | (1,799) |  |  | (30,266) |  |  | — |  |  | (30,266) |
Amounts reclassified from accumulated other comprehensive (loss) income | — |  |  | — |  |  | (1,624) |  |  | 449 |  | (b) | (1,175) |  |  | — |  |  | (1,175) |
Net other comprehensive (loss) income | 784 |  |  | — |  |  | (30,875) |  |  | (1,350) |  |  | (31,441) |  |  | — |  |  | (31,441) |
Balance as of December 31, 2019 | ($226) |  |  | $1,321 |  |  | ($8,910) |  |  | ($23,387) |  |  | ($31,202) |  |  | — |  |  | ($31,202) |
Other comprehensive (loss) income before reclassifications | 22,928 |  |  | — |  |  | (71,644) |  | (a) | (1,794) |  |  | (50,510) |  |  | — |  |  | (50,510) |
Amounts reclassified from accumulated other comprehensive (loss) income | — |  |  | — |  |  | 9,498 |  |  | 869 |  | (b) | 10,367 |  |  | (2,540) |  |  | 7,827 |
Net other comprehensive (loss) income | 22,928 |  |  | — |  |  | (62,146) |  |  | (925) |  |  | (40,143) |  |  | (2,540) |  |  | (42,683) |
Balance as of December 31, 2020 | $22,702 |  |  | $1,321 |  |  | ($71,056) |  |  | ($24,312) |  |  | ($71,345) |  |  | ($2,540) |  |  | ($73,885) |
(a)Includes $76.6 million of other comprehensive loss related to interest rate swaps. See Note 16 — 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 cost. See Note 18 — Employee Benefit Plans for additional information. The following table presents details of the amounts reclassified in their entirety from AOCI for the years ended December 31, 2020 and 2019:
Details about accumulated other comprehensive (loss) income components |  | Amount reclassified from accumulated other comprehensive (loss) income |  | Affected line item in the income statement
| 2020 |  | 2019 |
Realized (gain) loss on foreign currency exchange contracts |  | ($2,324) |  |  | $1,246 |  |  | Other operating income, net
Realized (gain) loss on foreign currency option contracts |  | 30 |  |  | (33) |  |  | Other operating income, net
Noncontrolling interest |  | 528 |  |  | (279) |  |  | Comprehensive income (loss) attributable to noncontrolling interest
Realized loss (gain) on interest rate contracts |  | 10,769 |  |  | (2,296) |  |  | Interest expense
Income tax expense (benefit) from foreign currency contracts |  | 495 |  |  | (262) |  |  | Income tax expense (Note 11)
Net loss (gain) on cash flow hedges reclassified from accumulated other comprehensive income |  | $9,498 |  |  | ($1,624) |  |  |

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