XML 66 R49.htm IDEA: XBRL DOCUMENT
v3.20.4

Employee Benefit Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Retirement Benefits [Abstract] |
Schedule of Net Funded Status | The status of the funded defined benefit pension plan and the unfunded accumulated post-retirement benefit plans at December 31, 2020 and 2019 and are shown below (in millions):
|  | Pension Benefits |  | Other Post-retirement Benefits |  | Non-qualified Plan Benefits
|  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019
Change in Benefit Obligation |  |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | 204.4 |  |  | $ | 189.6 |  |  | $ | 10.1 |  |  | $ | 10.6 |  |  | $ | 2.8 |  |  | $ | 2.7 |
Service cost |  | 0.8 |  |  | 2.3 |  |  | 0.1 |  |  | 0.1 |  |  | — |  |  | 0.1 |
Interest cost |  | 6.5 |  |  | 8.0 |  |  | 0.3 |  |  | 0.4 |  |  | 0.1 |  |  | 0.1 |
Plan participants’ contributions |  | — |  |  | — |  |  | 0.8 |  |  | 0.8 |  |  | — |  |  | — |
Actuarial (gain) loss |  | 21.1 |  |  | 19.0 |  |  | 3.7 |  |  | (0.3) |  |  | 0.2 |  |  | 0.2 |
Benefits paid |  | (14.1) |  |  | (14.5) |  |  | (1.5) |  |  | (1.5) |  |  | — |  |  | (0.3) |
Settlement |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Benefit obligation at end of year |  | $ | 218.7 |  |  | $ | 204.4 |  |  | $ | 13.5 |  |  | $ | 10.1 |  |  | $ | 3.1 |  |  | $ | 2.8 |
Change in Plan Assets |  |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year |  | $ | 190.5 |  |  | $ | 173.6 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Actual return on plan assets |  | 24.2 |  |  | 31.4 |  |  | — |  |  | — |  |  | — |  |  | — |
Employer contributions |  | — |  |  | — |  |  | 0.7 |  |  | 0.8 |  |  | — |  |  | 0.3 |
Participant contributions |  | — |  |  | — |  |  | 0.8 |  |  | 0.7 |  |  | — |  |  | — |
Benefits paid |  | (14.1) |  |  | (14.5) |  |  | (1.5) |  |  | (1.5) |  |  | — |  |  | (0.3) |
Settlement |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Fair value of plan assets at end of year |  | $ | 200.6 |  |  | $ | 190.5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Funded Status (Recognized Liability 1) |  | $ | (18.1) |  |  | $ | (13.9) |  |  | $ | (13.5) |  |  | $ | (10.1) |  |  | $ | (3.1) |  |  | $ | (2.8) |
1 Presented as Accrued pension and post-retirement benefits as of December 31, 2020 and 2019.
Weighted Average and Target Asset Allocations | The Company’s target allocation by asset category as of December 31, 2020, and the weighted-average asset allocations at December 31, 2020 and 2019 were as follows:
|  | Target |  | 2020 |  | 2019
Fixed income securities 1 |  | 100 | % |  | 99 | % |  | 99 | %
Cash and cash equivalents |  | — | % |  | 1 | % |  | 1 | %
Total |  | 100 | % |  | 100 | % |  | 100 | %
1 Fixed income securities include investment-grade corporate bonds from diversified industries and U.S. Treasuries.
Schedule of Allocation of Plan Assets | The fair values of the Company’s defined benefit pension plan assets at December 31, 2020 and 2019, by asset category, are as follows (in millions):
|  | Fair Value Measurements at
|  | December 31, 2020 |  | December 31, 2019
|  | Total |  | Quoted Prices in Active Markets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Total |  | Quoted Prices in Active Markets (Level 1) |  | Significant Observable Inputs (Level 2)
Asset Category |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1.2 |  |  | $ | 1.2 |  |  | $ | — |  |  | $ | 1.2 |  |  | $ | 1.2 |  |  | $ | — |
Fixed income securities |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury obligations |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Domestic corporate bonds and notes |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Foreign corporate bonds |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Assets measured at NAV |  | 199.4 |  |  | — |  |  | — |  |  | 189.3 |  |  | — |  |  | — |
Total |  | $ | 200.6 |  |  | $ | 1.2 |  |  | $ | — |  |  | $ | 190.5 |  |  | $ | 1.2 |  |  | $ | — |
Schedule of Expected Benefit Payments | The estimated future benefit payments for the next ten years are as follows (in millions):
|  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026-2030
Estimated Benefit Payments |  |  |  |  |  |  |  |  |  |  |  |
Pension |  | $ | 13.2 |  |  | $ | 13.1 |  |  | $ | 12.9 |  |  | $ | 13.2 |  |  | $ | 12.7 |  |  | $ | 59.5 |
Post-retirement Benefits |  | 0.8 |  |  | 0.8 |  |  | 0.7 |  |  | 0.7 |  |  | 0.7 |  |  | 3.3 |
Non-qualified Plan Benefits |  | — |  |  | 1.2 |  |  | — |  |  | — |  |  | 1.9 |  |  | — |
Total estimated benefit payments |  | $ | 14.0 |  |  | $ | 15.1 |  |  | $ | 13.6 |  |  | $ | 13.9 |  |  | $ | 15.3 |  |  | $ | 62.8 |
Summary of Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Loss | Components of the net periodic benefit cost and other amounts recognized in other comprehensive income (loss) for the defined benefit pension plans and the post-retirement health care and life insurance benefit plans during 2020, 2019, and 2018, are shown below (in millions):
|  | Pension Benefits |  | Other Post-retirement Benefits |  | Non-qualified Plan Benefits
Components of Net Periodic Benefit Cost |  | 2020 |  | 2019 |  | 2018 |  | 2020 |  | 2019 |  | 2018 |  | 2020 |  | 2019 |  | 2018
Service cost |  | $ | (0.8) |  |  | $ | (2.3) |  |  | $ | (1.8) |  |  | $ | (0.1) |  |  | $ | (0.1) |  |  | $ | (0.1) |  |  | $ | — |  |  | $ | (0.1) |  |  | $ | (0.1) |
Interest cost |  | (6.5) |  |  | (8.0) |  |  | (7.4) |  |  | (0.3) |  |  | (0.4) |  |  | (0.4) |  |  | (0.1) |  |  | (0.1) |  |  | (0.1) |
Expected return on plan assets |  | 6.8 |  |  | 7.3 |  |  | 8.2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Amortization of net loss |  | (2.5) |  |  | (4.1) |  |  | (4.2) |  |  | 0.1 |  |  | 0.1 |  |  | (0.3) |  |  | (0.1) |  |  | — |  |  | (0.1) |
Amortization of prior service cost |  | — |  |  | 0.6 |  |  | 0.5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 0.1 |  |  | 0.2 |
Curtailment gain (loss) |  | — |  |  | 1.3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 0.1 |  |  | 0.6 |
Settlement gain (loss) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.1) |
Net periodic benefit cost |  | $ | (3.0) |  |  | $ | (5.2) |  |  | $ | (4.7) |  |  | $ | (0.3) |  |  | $ | (0.4) |  |  | $ | (0.8) |  |  | $ | (0.2) |  |  | $ | — |  |  | $ | 0.4 |
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net gain (loss) |  | $ | (3.8) |  |  | $ | 5.2 |  |  | $ | (6.5) |  |  | $ | (3.7) |  |  | $ | 0.3 |  |  | $ | 1.4 |  |  | $ | (0.2) |  |  | $ | (0.2) |  |  | $ | 0.2 |
Amortization of net loss 1 |  | 2.5 |  |  | 4.1 |  |  | 4.2 |  |  | (0.1) |  |  | (0.1) |  |  | 0.3 |  |  | 0.1 |  |  | — |  |  | 0.1 |
Prior service credit |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Prior service cost |  | (0.1) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Amortization of prior service credit 1 |  | — |  |  | (0.6) |  |  | (0.5) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.1) |  |  | (0.2) |
Curtailment gain recognition of prior service credit 1 |  | — |  |  | (1.3) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.1) |  |  | (0.6) |
Recognition of settlement loss 1 |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 0.1 |
Total recognized in Other comprehensive income (loss) |  | (1.4) |  |  | 7.4 |  |  | (2.8) |  |  | (3.8) |  |  | 0.2 |  |  | 1.7 |  |  | (0.1) |  |  | (0.4) |  |  | (0.4) |
Total recognized in net periodic benefit cost and Other comprehensive income (loss) |  | $ | (4.4) |  |  | $ | 2.2 |  |  | $ | (7.5) |  |  | $ | (4.1) |  |  | $ | (0.2) |  |  | $ | 0.9 |  |  | $ | (0.3) |  |  | $ | (0.4) |  |  | $ | — |
1 Represents amortization or recognition of balances previously recorded to Accumulated other comprehensive income (loss) in the consolidated balance sheets and recognized as a component of net periodic benefit cost.
Amounts Recognized on the Consolidated Balance Sheets and in Accumulated Other Comprehensive Loss | Amounts recognized on the consolidated balance sheets in accumulated other comprehensive income (loss) at December 31, 2020 and 2019 were as follows (in millions):
|  | Pension Benefits |  | Other Post-retirement Benefits |  | Non-qualified Plan Benefits
|  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019
Net gain (loss), net of taxes |  | $ | (48.8) |  |  | $ | (47.4) |  |  | $ | (3.6) |  |  | $ | 0.2 |  |  | $ | (0.8) |  |  | $ | (0.8) |
Unrecognized prior service credit (cost), net of taxes |  | (0.1) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | (48.9) |  |  | $ | (47.4) |  |  | $ | (3.6) |  |  | $ | 0.2 |  |  | $ | (0.8) |  |  | $ | (0.8) |
Schedule of Assumptions Used | The weighted average assumptions used to determine benefit information during 2020, 2019, and 2018 were as follows:
|  | Pension Benefits |  | Other Post-retirement Benefits |  | Non-qualified Plan Benefits
|  | 2020 |  | 2019 |  | 2018 |  | 2020 |  | 2019 |  | 2018 |  | 2020 |  | 2019 |  | 2018
Weighted Average Assumptions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Discount rate |  | 2.40 | % |  | 3.29 | % |  | 4.33 | % |  | 2.49 | % |  | 3.38 | % |  | 4.38 | % |  | 1.07 | % |  | 2.48 | % |  | 3.78 | %
Rate of compensation increase |  | N/A |  | 0.5%-3.0% |  | 0.5%-3.0% |  | 0.5%-3.0% |  | 0.5%-3.0% |  | 0.5%-3.0% |  | N/A |  | N/A |  | N/A
Expected return on plan assets |  | 3.70 | % |  | 4.30 | % |  | 4.30 | % |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A
Interest crediting rates |  | 0.71 | % |  | 1.68 | % |  | 3.01 | % |  | N/A |  | N/A |  | N/A |  | 0.71 | % |  | 1.68 | % |  | 3.01 | %
Initial health care cost trend rate |  | N/A |  | N/A |  | N/A |  | 5.70 | % |  | 6.00 | % |  | 6.20 | % |  | N/A |  | N/A |  | N/A
Ultimate rate |  | N/A |  | N/A |  | N/A |  | 4.50 | % |  | 4.50 | % |  | 4.50 | % |  | N/A |  | N/A |  | N/A
Year ultimate rate is reached |  | N/A |  | N/A |  | N/A |  | 2037 |  | 2037 |  | 2037 |  | N/A |  | N/A |  | N/A
Schedule of Multiemployer Plans | The "FIP/RP Status Pending/Implemented" column indicates plans for which a financial improvement plan (FIP) or a rehabilitation plan (RP) is either pending or has been implemented and the "Surcharge Imposed" column represents whether the Company has paid a surcharge to the plan as of December 31, 2020. The "Expiration Date" column describes the expiration dates of the collective-bargaining agreements requiring contributions to the plan.
|  |  | FIP/RP Status | Contribution by Entity |  | Contribution by Entity |  | Contribution by Entity | Surcharge Imposed | Expiration Date
Fund | EIN Pension Plan Number | PPA Zone Status | Pending/Implemented | Jan. 1 - Dec. 31, 2020 |  | Jan. 1 - Dec. 31, 2019 |  | Jan. 1 - Dec. 31, 2018
Operating Engineers | 94-6090764; 001 | Yellow | Yes | $ | 3.3 |  | $ | 4.1 |  | $ | 4.7 | No | 8/31/24
Laborers National | 52-6074345; 001 | Yellow | Yes | 0.2 |  | 0.2 |  | 0.2 | No | 8/31/21
Hawai‘i Laborers (GPRM) | 99-6025107; 001 | Green | No | 0.3 |  | 1.1 |  | 0.9 | No | N/A
Hawai‘i Laborers (GPRS) | 99-6025107; 001 | Green | No | 0.2 |  | 0.2 |  | 0.2 | No | 9/30/24
Total |  |  |  | $ | 4.0 |  | $ | 5.6 |  | $ | 6.0 |  |

X
- Definition Tabular disclosure of the amounts that are recognized in the balance sheet and accumulated other comprehensive loss for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References No definition available. + Details
Name: | alex_AmountsRecognizedOnConsolidatedBalanceSheetsAndInAccumulatedOtherComprehensiveLossTableTextBlock
Namespace Prefix: | alex_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. Also includes tabular disclosure of the changes in plan assets and benefit obligations recognized in other comprehensive income (loss) during the period. + References No definition available. + Details
Name: | alex_ComponentsOfNetPeriodicBenefitCostAndOtherAmountsRecognizedInOtherComprehensiveLossTableTextBlock
Namespace Prefix: | alex_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the weighted-average asset allocations and year-end target allocation, by asset category. + References No definition available. + Details
Name: | alex_WeightedAverageAndTargetAssetAllocationsTableTextBlock
Namespace Prefix: | alex_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about multiemployer plan. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 5 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=65877416&loc=SL14450657-114947 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 5 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=65877416&loc=SL14450657-114947 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 5 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=65877416&loc=SL14450657-114947 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 5 -Subparagraph (e)(1) -URI http://asc.fasb.org/extlink&oid=65877416&loc=SL14450657-114947 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=35742348&loc=SL14450788-114948 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 5 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=65877416&loc=SL14450657-114947 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 9 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=65877416&loc=SL14450691-114947 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 5 -Subparagraph (e)(2) -URI http://asc.fasb.org/extlink&oid=65877416&loc=SL14450657-114947 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 9 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=65877416&loc=SL14450691-114947 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 5 -Subparagraph (f)(1) -URI http://asc.fasb.org/extlink&oid=65877416&loc=SL14450657-114947 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 5 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=65877416&loc=SL14450657-114947 + Details
Name: | us-gaap_ScheduleOfMultiemployerPlansTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of net funded status of pension plans and/or other employee benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetFundedStatusTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration