ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Accumulated Other Comprehensive Income

The following table summarizes the changes in AOCI by component for the nine months ended September 30, 2025 and the year ended December 31, 2024. All amounts are presented net of tax and exclude portions attributable to noncontrolling interests.


	Foreign currency translation (losses) gains		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, 2023	($19,533)		$1,321		$55,846		($9,616)		$28,018	($3,367)	$24,651
Other comprehensive (loss) income before reclassifications	(31,616)		—		13,713	(a)	5,251		(12,652)	163	(12,489)
Amounts reclassified from accumulated other comprehensive (loss) income	—		—		(27,826)		4,595	(b)	(23,231)	640	(22,591)
Net other comprehensive (loss) income	(31,616)		—		(14,113)		9,846		(35,883)	803	(35,080)
Balance as of December 31, 2024	($51,149)		$1,321		$41,733		$230		($7,865)	($2,564)	($10,429)
Other comprehensive income (loss) before reclassifications	19,766		—		1,265	(a)	—		21,031	(93)	20,938
Amounts reclassified from accumulated other comprehensive (loss) income	—		—		(12,749)		(5)	(b)	(12,754)	589	(12,165)
Amounts reclassified from accumulated other comprehensive (loss) income due to deconsolidation of discontinued operations	31,383	(c)	(1,321)	(c)	(994)	(c)	—		29,068	—	29,068
Net other comprehensive income (loss)	51,149		(1,321)		(12,478)		(5)		37,345	496	37,841
Balance as of September 30, 2025	—		—		$29,255		$225		$29,480	($2,068)	$27,412

(a)The nine months ended September 30, 2025 includes $4.8 million of other comprehensive loss related to interest rate products. The year ended December 31, 2024 included $21.8 million of other comprehensive income related to interest rate products. See Note 8 — 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. The year ended December 31, 2024 includes a pension settlement charge of $4.6 million, net of tax of $1.2 million.

(c)The nine months ended September 30, 2025 includes $29.1 million of other comprehensive loss related to the deconsolidation of discontinued operations that was reclassified from AOCI to gain on sale of discontinued operations in the Consolidated Statements of Income and Comprehensive Income (Loss).

Schedule of Reclassification Out of Accumulated Other Comprehensive Income

The following table presents details of the amounts reclassified in their entirety from AOCI to net income for the nine months ended September 30, 2025 and September 30, 2024:



Details about accumulated other comprehensive income (loss) components	Amount reclassified from accumulated other comprehensive (loss) income		Affected line item in the Income Statement
	September 30, 2025	September 30, 2024
Realized loss on foreign currency exchange contracts	$1,592	$1,742	Income from operations of discontinued operations, net of tax
Realized loss on foreign currency option contracts	40	13	Income from operations of discontinued operations, net of tax
Noncontrolling interests	(376)	(404)	Comprehensive loss attributable to noncontrolling interests
Realized gain on interest rate contracts	(13,654)	(21,379)	Interest expense, net
Income tax effect from net loss on foreign currency contracts	(351)	(378)	Income from operations of discontinued operations, net of tax


Net gain on cash flow hedges reclassified from accumulated other comprehensive loss	($12,749)	($20,406)