ACCUMULATED OTHER COMPREHENSIVE LOSS

9 Months Ended

Sep. 30, 2021

The following table summarizes the changes in AOCI by component for the nine months ended September 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	(16,369)	—	40,125	(a)	—		23,756	—	23,756
Amounts reclassified from accumulated other comprehensive loss	—	—	13,874		881	(b)	14,755	(1,186)	13,569
Net other comprehensive (loss) income	(16,369)	—	53,999		881		38,511	(1,186)	37,325
Balance as of September 30, 2021	$6,333	$1,321	($17,057)		($23,431)		($32,834)	($3,726)	($36,560)

(a)Includes $46.4 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 nine months ended September 30, 2021 and September 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
	September 30, 2021	September 30, 2020
Realized loss (gain) on foreign currency exchange contracts	$2,322	($2,568)	Other operating income (expense), net
Realized loss on foreign currency option contracts	1,177	(15)	Other operating income (expense), net
Noncontrolling interests	(805)	594	Comprehensive (loss) income attributable to noncontrolling interests
Realized loss on interest rate contracts	11,935	6,951	Interest expense
Income tax effect from net (loss) gain on foreign currency contracts	(755)	557	Income tax expense


Net loss from accumulated other comprehensive income	$13,874	$5,519