ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Dec. 31, 2021

The following table summarizes the changes in AOCI by component for the years ended December 31, 2021 and 2020. All amounts are presented net of tax effect and exclude portions attributable to noncontrolling interest.


	Foreign currency translation gains/(losses)	Net investment hedges of New Zealand subsidiary	Cash flow hedges		Employee benefit plans		Total Rayonier, L.P.	Allocation of Operating Partnership	Total Rayonier Inc.
Balance as of December 31, 2019	($226)	$1,321	($8,910)		($23,387)		($31,202)	—	($31,202)
Other comprehensive (loss) income before reclassifications	22,928	—	(71,644)		(1,794)		(50,510)	—	(50,510)
Amounts reclassified from accumulated other comprehensive (loss) income	—	—	9,498		869	(b)	10,367	(2,540)	7,827
Net other comprehensive (loss) income	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	(18,487)	—	44,899	(a)	11,302		37,714	—	37,714
Amounts reclassified from accumulated other comprehensive (loss) income	—	—	16,994		1,174	(b)	18,168	(1,601)	16,567
Net other comprehensive (loss) income	(18,487)	—	61,893		12,476		55,882	(1,601)	54,281
Balance as of December 31, 2021	$4,215	$1,321	($9,163)		($11,836)		($15,463)	($4,141)	($19,604)

(a)Includes $52.5 million of other comprehensive gain related to interest rate swaps. See Note 11 — 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 cost. See Note 20 — Employee Benefit Plans for additional information.

The following table presents details of the amounts reclassified in their entirety from AOCI for the years ended December 31, 2021 and 2020:


Details about accumulated other comprehensive loss components	Amount reclassified from accumulated other comprehensive loss		Affected line item in the income statement
	2021	2020
Realized loss (gain) on foreign currency exchange contracts	$2,974	($2,324)	Other operating income (expense), net
Realized loss on foreign currency option contracts	1,177	30	Other operating income (expense), net
Noncontrolling interest	(955)	528	Comprehensive (income) loss attributable to noncontrolling interests
Realized loss on interest rate contracts	14,694	10,769	Interest expense
Income tax (benefit) expense from foreign currency contracts	(896)	495	Income tax expense (Note 22)
Net loss on cash flow hedges reclassified from accumulated other comprehensive income	$16,994	$9,498