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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, by Balance Sheet Grouping The following table presents the carrying amount and estimated fair values of our financial instruments at December 31, 2023 and 2022, using market information and what we believe to be appropriate valuation methodologies under GAAP:
 December 31, 2023December 31, 2022
Carrying
Amount		Fair ValueCarrying
Amount		Fair Value
Asset (Liability) (a)Level 1Level 2Level 1Level 2
Cash and cash equivalents$207,696 $207,696 — $114,255 $114,255 — 
Restricted cash (b)678 678 — 1,152 1,152 — 
Long-term debt (c)(1,365,773)— (1,299,951)(1,514,721)— (1,438,736)
Interest rate swaps (d)43,179 — 43,179 60,792 — 60,792 
Forward-starting interest rate swaps (d)12,782 — 12,782 11,939 — 11,939 
Foreign currency exchange contracts (d)2,916 — 2,916 (4,539)— (4,539)
Foreign currency option contracts (d)1,572 — 1,572 569 — 569 
Noncontrolling interests in the operating partnership (e)81,651 — 81,651 105,763 — 105,763 
(a)We did not have Level 3 assets or liabilities at December 31, 2023 and 2022.
(b)Restricted cash represents proceeds from like-kind exchange sales deposited with a third-party intermediary and cash held in escrow. See Note 21 — Restricted Cash for additional information.
(c)The carrying amount of long-term debt is presented net of deferred financing costs and unamortized discounts on non-revolving debt. See Note 7 — Debt for additional information.
(d)See Note 8 — Derivative Financial Instruments and Hedging Activities for information regarding the Consolidated Balance Sheets classification of our derivative financial instruments.
(e)Noncontrolling interests in the operating partnership is neither an asset nor liability and is classified as temporary equity in the Company’s Consolidated Balance Sheets. This relates to the ownership of Rayonier, L.P. units by various individuals and entities other than the Company. See Note 5 — Noncontrolling Interests for additional information.