ACCUMULATED OTHER COMPREHENSIVE LOSS

6 Months Ended

Jun. 30, 2021

The following table summarizes the changes in AOCI by component for the six months ended June 30, 2021 and the year ended December 31, 2020. 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, 2019	($226)	$1,321	($8,910)		($23,387)		($31,202)	—	($31,202)
Other comprehensive income (loss) before reclassifications	22,928	—	(71,644)		(1,794)		(50,510)	—	(50,510)
Amounts reclassified from accumulated other comprehensive loss	—	—	9,498		869	(b)	10,367	(2,540)	7,827
Net other comprehensive income (loss)	22,928	—	(62,146)		(925)		(40,143)	(2,540)	(42,683)
Balance as of December 31, 2020	$22,702	$1,321	($71,056)		($24,312)		($71,345)	($2,540)	($73,885)
Other comprehensive (loss) income before reclassifications	(10,627)	—	40,841	(a)	—		30,214	—	30,214
Amounts reclassified from accumulated other comprehensive loss	—	—	10,955		587	(b)	11,542	(1,278)	10,264
Net other comprehensive (loss) income	(10,627)	—	51,796		587		41,756	(1,278)	40,478
Balance as of June 30, 2021	$12,075	$1,321	($19,260)		($23,725)		($29,589)	($3,818)	($33,407)

(a)Includes $45.0 million of other comprehensive income related to interest rate swaps and forward-starting interest rate swaps. See Note 10 — Derivative Financial Instruments and Hedging Activities for additional information.

(b)This component of other comprehensive (loss) income is included in the computation of net periodic pension and post-retirement costs. See Note 19 — Employee Benefit Plans for additional information.

The following table presents details of the amounts reclassified in their entirety from AOCI to net income for the six months ended June 30, 2021 and June 30, 2020:


Details about accumulated other comprehensive income (loss) components	Amount reclassified from accumulated other comprehensive income (loss)		Affected line item in the income statement
	June 30, 2021	June 30, 2020
Realized loss (gain) on foreign currency exchange contracts	$1,725	($1,892)	Other operating expense, net
Realized loss on foreign currency option contracts	827	8	Other operating expense, net
Noncontrolling interests	(587)	434	Comprehensive (loss) income attributable to noncontrolling interests
Realized loss on interest rate contracts	9,541	3,168	Interest expense
Income tax effect from net (loss) gain on foreign currency contracts	(551)	406	Income tax expense


Net loss from accumulated other comprehensive income	$10,955	$2,124