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OTHER OPERATING (EXPENSE) INCOME, NET | 12 Months Ended
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Dec. 31, 2023
Other Income and Expenses [Abstract] |
OTHER OPERATING (EXPENSE) INCOME, NET | OTHER OPERATING (EXPENSE) INCOME, NET The following table provides the composition of Other operating (expense) income, net for the three years ended December 31:
| 2023 |  | 2022 |  | 2021
(Loss) gain on foreign currency remeasurement, net of cash flow hedges | ($8,458) |  |  | ($5,251) |  |  | $6,823 |
Gain on sale or disposal of property plant & equipment | 37 |  |  | 40 |  |  | 75 |
Gain on investment in Timber Funds (a) | — |  |  | — |  |  | 7,482 |
Log trading marketing fees | — |  |  | — |  |  | 6 |
Equity income related to Bainbridge Landing LLC joint venture (b) | — |  |  | 15,477 |  |  | 102 |
Miscellaneous income (expense), net | 115 |  |  | (562) |  |  | (404) |
Total | ($8,306) |  |  | $9,704 |  |  | $14,084 |
(a)Gain on investment in Timber Funds represents the gain recognized on the sale of rights to manage two timber funds (Funds III and IV) previously managed by the Company’s Olympic Resources Management (ORM) subsidiary, as well as its co-investment stake in both funds. (b)The year ended December 31, 2022 includes $16.0 million of equity income from the sale of a multi-family apartment complex in Bainbridge Island, Washington. As the equity investment was co-owned with outside investors, $4.5 million of the equity income was attributable to Rayonier. See Note 5 — Noncontrolling Interests for additional information.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 610 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//610/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//720/tableOfContent + Details
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