XML 67 R54.htm IDEA: XBRL DOCUMENT
v3.23.3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Income | The following table summarizes the changes in AOCI by component for the nine months ended September 30, 2023 and the year ended December 31, 2022. All amounts are presented net of tax and exclude portions attributable to noncontrolling interests.
| Foreign currency translation (loss) gains |  | Net investment hedges of New Zealand subsidiary |  | Cash flow hedges |  | Employee benefit plans |  | Total Rayonier, L.P. |  | Allocation to Operating Partnership |  | Total Rayonier Inc.
Balance as of December 31, 2021 | $4,215 |  |  | $1,321 |  |  | ($9,163) |  |  | ($11,836) |  |  | ($15,463) |  |  | ($4,141) |  |  | ($19,604) |
Other comprehensive income (loss) before reclassifications | (22,282) |  |  | — |  |  | 78,166 |  | (a) | 874 |  |  | 56,758 |  |  | (1,323) |  |  | 55,435 |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | — |  |  | (1,799) |  |  | 753 |  | (b) | (1,046) |  |  | 1,028 |  |  | (18) |
Net other comprehensive income (loss) | (22,282) |  |  | — |  |  | 76,367 |  |  | 1,627 |  |  | 55,712 |  |  | (295) |  |  | 55,417 |
Balance as of December 31, 2022 | ($18,067) |  |  | $1,321 |  |  | $67,204 |  |  | ($10,209) |  |  | $40,249 |  |  | ($4,436) |  |  | $35,813 |
Other comprehensive income (loss) before reclassifications | (16,522) |  |  | — |  |  | 23,131 |  | (a) | — |  |  | 6,609 |  |  | (62) |  |  | 6,547 |
Amounts reclassified from accumulated other comprehensive income | — |  |  | — |  |  | (15,938) |  |  | 4 |  | (b) | (15,934) |  |  | 1,078 |  |  | (14,856) |
Net other comprehensive income (loss) | (16,522) |  |  | — |  |  | 7,193 |  |  | 4 |  |  | (9,325) |  |  | 1,016 |  |  | (8,309) |
Balance as of September 30, 2023 | ($34,589) |  |  | $1,321 |  |  | $74,397 |  |  | ($10,205) |  |  | $30,924 |  |  | ($3,420) |  |  | $27,504 |
(a)The nine months ended September 30, 2023 includes $20.4 million of other comprehensive income related to interest rate products. The year ended December 31, 2022 included $75.0 million of other comprehensive income re lated to interest rate products. See Note 7 — Derivative Financial Instruments and Hedging Activities for additional information. (b)This component of other comprehensive income is included in the computation of net periodic pension and post-retirement costs. See Note 15 — Employee Benefit Plans for additional information.
Schedule of 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, 2023 and September 30, 2022:
Details about accumulated other comprehensive income (loss) components |  | Amount reclassified from accumulated other comprehensive income (loss) |  | Affected line item in the Income Statement
| September 30, 2023 |  | September 30, 2022 |
Realized gain on foreign currency exchange contracts |  | ($5,801) |  |  | ($2,598) |  |  | Other operating expense (income), net
Realized gain on foreign currency option contracts |  | (244) |  |  | — |  |  | Other operating expense (income), net
Noncontrolling interests |  | 1,391 |  |  | 598 |  |  | Comprehensive income attributable to noncontrolling interests
Realized (gain) loss on interest rate contracts |  | (12,587) |  |  | 4,555 |  |  | Interest expense, net
Income tax effect from net gain on foreign currency contracts |  | 1,303 |  |  | 560 |  |  | Income tax expense
Net (gain) loss on cash flow hedges reclassified from accumulated other comprehensive income |  | ($15,938) |  |  | $3,115 |  |  |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration