XML 60 R46.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

FAIR VALUE MEASUREMENTS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Fair Value Disclosures [Abstract] |
Schedule of Carrying Amount and Estimated Fair Value of Financial Instruments | The following table presents the carrying amount and estimated fair values of our financial instruments as of June 30, 2024 and December 31, 2023, using market information and what we believe to be appropriate valuation methodologies under GAAP:
|  | June 30, 2024 |  | December 31, 2023
Asset (Liability) (a) |  | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
| Level 1 |  | Level 2 |  |  | Level 1 |  | Level 2
Cash and cash equivalents |  | $141,906 |  |  | $141,906 |  |  | — |  |  | $207,696 |  |  | $207,696 |  |  | — |
Restricted cash (b) |  | 677 |  |  | 677 |  |  | — |  |  | 678 |  |  | 678 |  |  | — |
Long-term debt (c) |  | (1,363,651) |  |  | — |  |  | (1,307,553) |  |  | (1,365,773) |  |  | — |  |  | (1,299,951) |
Interest rate swaps (d) |  | 42,796 |  |  | — |  |  | 42,796 |  |  | 43,179 |  |  | — |  |  | 43,179 |
Forward-starting interest rate swaps (d) |  | 18,472 |  |  | — |  |  | 18,472 |  |  | 12,782 |  |  | — |  |  | 12,782 |
Foreign currency exchange contracts (d) |  | 454 |  |  | — |  |  | 454 |  |  | 2,916 |  |  | — |  |  | 2,916 |
Foreign currency option contracts (d) |  | 559 |  |  | — |  |  | 559 |  |  | 1,572 |  |  | — |  |  | 1,572 |
Noncontrolling interests in the Operating Partnership (e) |  | 59,047 |  |  | — |  |  | 59,047 |  |  | 81,651 |  |  | — |  |  | 81,651 |
(a)We did not have Level 3 assets or liabilities at June 30, 2024 and December 31, 2023. (b)Restricted cash represents proceeds from like-kind exchange sales deposited with a third-party intermediary and cash held in escrow. See Note 18 — 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 6 — Debt for additional information. (d)See Note 7 — 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 4 — Noncontrolling Interests for additional information.

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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