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FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, by Balance Sheet Grouping
The following table presents the carrying amount and estimated fair values of our financial instruments as of June 30, 2023 and December 31, 2022, using market information and what we believe to be appropriate valuation methodologies under GAAP:
 June 30, 2023December 31, 2022
Asset (Liability) (a)Carrying
Amount		Fair ValueCarrying
Amount		Fair Value
Level 1Level 2Level 1Level 2
Cash and cash equivalents$88,404 $88,404 — $114,255 $114,255 — 
Restricted cash (b)4,962 4,962 — 1,152 1,152 — 
Long-term debt (c)(1,512,197)— (1,429,173)(1,514,721)— (1,438,736)
Interest rate swaps (d)59,192 — 59,192 60,792 — 60,792 
Forward-starting interest rate swaps (d)13,441 — 13,441 11,939 — 11,939 
Foreign currency exchange contracts (d)(4,541)— (4,541)(4,539)— (4,539)
Foreign currency option contracts (d)(312)— (312)569 — 569 
Noncontrolling interests in the operating partnership (e)77,532 — 77,532 105,763 — 105,763 
(a)We did not have Level 3 assets or liabilities at June 30, 2023 and December 31, 2022.
(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.