Alexander & Baldwin (ALEX) 10-K 29 Feb 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Feb. 15, 2016	Jun. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Alexander & Baldwin, Inc.
Entity Central Index Key	1,545,654
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		48,950,736
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Entity Public Float			$ 1,815,784,893

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Revenue:
Real estate leasing	$ 133.8	$ 125.2	$ 78.8
Real estate development and sales	100.5	80	85.4
Materials and construction	219	234.3	54.9
Agribusiness	117.2	120.5	146.1
Total operating revenue	570.5	560	365.2
Operating Costs and Expenses:
Cost of real estate leasing	80.6	78.3	48.4
Cost of real estate development and sales	51.1	41	46.7
Cost of materials and construction contracts	175.7	191.3	47.6
Cost of agribusiness goods and services	168.8	131.9	136.8
Selling, general and administrative	55.3	52.9	41.2
Separation/acquisition costs	0	0	4.6
Total operating costs and expenses	531.5	495.4	325.3
Operating Income	39	64.6	39.9
Other Income and (Expense):
Income related to joint ventures	36.8	2.1	4.3
Gain on insurance proceeds	0	0	2.4
Impairment and equity losses related to joint ventures	0	(0.3)	(6.6)
Reduction in KRS II carrying value, net	(2.6)	(14.7)	0
Interest income and other	1.2	6.1	2.7
Interest expense	(26.8)	(29)	(19.1)
Income From Continuing Operations Before Income Taxes	47.6	28.8	23.6
Income tax expense (benefit)	16.5	(1.4)	11.1
Income From Continuing Operations	31.1	30.2	12.5
Income from discontinued operations (net of income taxes)	0	34.3	22.3
Net Income	31.1	64.5	34.8
Income attributable to noncontrolling interest	(1.5)	(3.1)	(0.5)
Net income (loss) attributable to A&B	$ 29.6	$ 61.4	$ 34.3
Basic Earnings per Share of Common Stock:
Continuing operations available to A&B shareholders (in dollars per share)	$ 0.54	$ 0.56	$ 0.27
Discontinued operations available to A&B shareholders (in dollars per share)	0	0.70	0.50
Net income available to A&B shareholders (in dollars per share)	0.54	1.26	0.77
Diluted Earnings per Share of Common Stock:
Continuing operations available to A&B shareholders (in dollars per share)	0.54	0.55	0.26
Discontinued operations available to A&B shareholders (in dollars per share)	0	0.70	0.50
Net income available to A&B shareholders (in dollars per share)	$ 0.54	$ 1.25	$ 0.76
Weighted Average Number of Shares Outstanding:
Basic (in shares)	48.9	48.7	44.4
Diluted (in shares)	49.3	49.3	45.1
Amounts Available to A&B Shareholders:
Income from continuing operations available to A&B shareholders, net of tax	$ 26.5	$ 27.1	$ 12
Income from discontinued operations (net of income taxes)	0	34.3	22.3
Net income (loss) available to A&B shareholders	$ 26.5	$ 61.4	$ 34.3

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
Net Income	$ 31.1	$ 64.5	$ 34.8
Defined benefit pension plans:
Net gain (loss) / prior service credit (cost)	(7.1)	(26.7)	22.4
Amortization of net loss included in net periodic pension cost	7.3	4.5	7.7
Amortization of prior service credit included in net periodic pension cost	(1.3)	(1.3)	(1.3)
Prior service cost	(0.4)	0	0
Income taxes related to other comprehensive income	0.6	9.2	(11.7)
Other Comprehensive Income (Loss)	(0.9)	(14.3)	17.1
Comprehensive Income	30.2	50.2	51.9
Comprehensive income attributable to noncontrolling interest	(1.5)	(3.1)	(0.5)
Comprehensive income attributable to A&B	$ 28.7	$ 47.1	$ 51.4

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 1,300,000	$ 2,800,000
Accounts receivable, less allowances of $1.7 for 2015 and $1.7 for 2014	38,600,000	33,100,000
Contracts retention	11,500,000	9,100,000
Costs and estimated earnings in excess of billings on uncompleted contracts	16,300,000	15,900,000
Inventories	55,900,000	81,900,000
Real estate held for sale	0	2,500,000
Income tax receivable	14,000,000	6,700,000
Prepaid expenses and other assets	14,900,000	15,600,000
Total current assets	152,500,000	167,600,000
Investments in Affiliates	416,400,000	418,600,000
Real Estate Developments	183,500,000	224,000,000
Property - Net	1,269,400,000	1,301,700,000
Intangible Assets - Net	54,400,000	63,900,000
Goodwill	102,300,000	102,300,000
Other Assets	65,000,000	43,500,000
Total assets	2,243,500,000	2,321,600,000
Current Liabilities
Notes payable and current portion of long-term debt	90,400,000	74,500,000
Accounts payable	35,500,000	37,600,000
Billings in excess of costs and estimated earnings on uncompleted contracts	2,600,000	3,600,000
Accrued interest	5,500,000	5,700,000
Deferred revenue	100,000	16,500,000
Indemnity holdback related to Grace acquisition	9,300,000	9,300,000
Accrued and other liabilities	41,300,000	35,800,000
Total current liabilities	184,700,000	183,000,000
Long-term Liabilities
Long-term debt	497,800,000	631,500,000
Deferred income taxes	202,100,000	185,700,000
Accrued pension and postretirement benefits	59,700,000	54,800,000
Other non-current liabilities	60,500,000	51,800,000
Total long-term liabilities	$ 820,100,000	$ 923,800,000
Commitments and Contingencies
Redeemable Noncontrolling Interest	$ 11,600,000	$ 0
Equity
Common stock - no par value; authorized, 150 million shares; outstanding, 48.9 million and 48.8 million shares at December 31, 2015 and 2014, respectively	1,151,700,000	1,147,300,000
Accumulated other comprehensive loss	(45,300,000)	(44,400,000)
Retained earnings	117,200,000	101,000,000
Total A&B shareholders' equity	1,223,600,000	1,203,900,000
Noncontrolling interest	3,500,000	10,900,000
Total equity	1,227,100,000	1,214,800,000
Total liabilities and equity	$ 2,243,500,000	$ 2,321,600,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Account Receivables, allowances	$ 1.7	$ 1.7
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares outstanding (in shares)	48,900,000	48,800,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash Flows from Operating Activities:
Net Income	$ 31.1	$ 64.5	$ 34.8
Adjustments to reconcile net income to net cash provided by (used in) operations:
Depreciation and amortization	55.7	55	41.7
Deferred income taxes	16.9	8.8	(0.6)
Gains on asset transactions, net of impairment losses	(42.7)	(82.2)	(52.8)
Share-based compensation expense	4.7	4.9	4.2
Investments in affiliates	(3.7)	0.1	(2.9)
HC&S write-offs	6.9	0	0
Changes in operating assets and liabilities:
Trade, contracts retention, and other receivables	(3.1)	1.6	3.3
Costs and estimated earnings in excess of billings on uncompleted contracts - net	(1.4)	(6.4)	(1.9)
Inventories	25.9	(13.5)	(2.7)
Prepaid expenses, income tax receivable and other assets	(13.1)	5	(0.4)
Accrued pension and post-retirement benefits	3.6	(2.3)	5.2
Accounts payable and contracts retention	0.1	(2.3)	(4.9)
Accrued and other liabilities	(18.2)	(6)	7.6
Real estate inventory sales (real estate developments held for sale)	73	53.6	81.7
Expenditures for real estate inventory (real estate developments held for sale)	(7.2)	(41.7)	(150.6)
Net cash provided by (used in) operations	128.5	39.1	(38.3)
Cash Flows used in Investing Activities:
Capital expenditures for property, plant and equipment	(43.4)	(60.2)	(32.5)
Capital expenditures related to 1031 commercial property transactions	(1.3)	(14.9)	(472.8)
Proceeds from investment tax credits and grants related to Port Allen Solar Farm	0	4.5	2.4
Proceeds from disposal of property and other assets	8.1	9.5	1.2
Proceeds from disposals related to 1031 commercial property transactions	40	85.6	330.8
Payments for purchases of investments in affiliates and preferred investment	(29.4)	(75.1)	(43.4)
Proceeds from investments in affiliates and preferred investment	44.4	36.2	5.1
Change in restricted cash associated with 1031 transactions	(17.4)	0.6	3.2
Acquisition of business, net of cash (including Grace indemnity holdback)	0	(14.2)	(5.7)
Net cash provided by (used in) investing activities	1	(28)	(211.7)
Cash Flows from Financing Activities:
Proceeds from issuances of long-term debt	132	283	585
Payments of long-term debt and deferred financing costs	(248.1)	(224.2)	(380.3)
Proceeds from (payments on) line-of-credit agreement, net	(3)	(62.3)	51.6
Distribution to noncontrolling interests	(1.1)	(0.2)	(1.1)
Dividends paid	(10.3)	(8.3)	(2)
Proceeds from issuance (repurchase) of capital stock and other, net	(0.5)	0.4	(1)
Net cash provided by (used in) financing activities	(131)	(11.6)	252.2
Cash and Cash Equivalents:
Net increase (decrease) for the year	(1.5)	(0.5)	2.2
Balance, beginning of year	2.8	3.3	1.1
Balance, end of year	1.3	2.8	3.3
Other Cash Flow Information:
Interest paid, net of amounts capitalized	(27.3)	(29.8)	(19.1)
Income taxes paid	(6.4)	(14.2)	(12)
Non-cash Investing and Financing Activities:
Contribution of land and development assets to joint ventures	9.6	33.8	0
Real estate exchanged for note receivable	1.9	3.6	0
Acquisition of Grace (issuance of equity and indemnity holdback)	0	0	219.8
Mortgage debt assumed at fair value in real estate acquisitions	0	0	142.2
Declared distribution to noncontrolling interest	0.4	1.1	0.2
Asset retirement obligations	6	0	0
Property (net) acquired in connection with the consolidation of The Shops at Kukui'ula	0	0	39
Capital expenditures included in accounts payable and accrued expenses	$ 8	$ 5.7	$ 6.6

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Accumulated Other Comprehensive Loss	Retained Earnings	Non-Controlling Interest	Total	Redeemable Non-Controlling Interest
Balance, beginning period (in shares) at Dec. 31, 2012		42.9
Balance, beginning period at Dec. 31, 2012		$ 938	$ (47.2)	$ 20.1	$ 0	$ 910.9	$ 0
Increase (Decrease) in Equity [Roll Forward]
Net income	$ 34.8			34.3	0.5	34.8
Other comprehensive loss, net of tax	17.1		17.1			17.1
Dividends paid on common stock				(2)		(2)
Distributions to noncontrolling interest					(0.7)	(0.7)
Share-based compensation		$ 4.2				4.2
Grace acquisition (in shares)		5.4
Grace acquisition		$ 196.3			9.1	205.4
Shares issued or repurchased, net (in shares)		0.3
Shares issued or repurchased, net		$ 0.4		(3)		(2.6)
Excess tax benefit from share-based awards		$ 1.6				1.6
Balance, period end (in shares) at Dec. 31, 2013		48.6
Balance, period end at Dec. 31, 2013		$ 1,140.5	(30.1)	49.4	8.9	1,168.7	0
Increase (Decrease) in Equity [Roll Forward]
Net income	64.5			61.4	3.1	64.5
Other comprehensive loss, net of tax	(14.3)		(14.3)			(14.3)
Dividends paid on common stock				(8.3)		(8.3)
Distributions to noncontrolling interest					(1.1)	(1.1)
Share-based compensation		$ 4.9				4.9
Shares issued or repurchased, net (in shares)		0.2
Shares issued or repurchased, net		$ 0.6		(1.5)		(0.9)
Excess tax benefit from share-based awards		$ 1.3				1.3
Balance, period end (in shares) at Dec. 31, 2014		48.8
Balance, period end at Dec. 31, 2014	1,214.8	$ 1,147.3	(44.4)	101	10.9	1,214.8	0
Increase (Decrease) in Equity [Roll Forward]
Net income	31.1			29.6	1.1	30.7	0.4
Other comprehensive loss, net of tax	(0.9)		(0.9)			(0.9)
Dividends paid on common stock				(10.3)		(10.3)
Reclassification of redeemable noncontrolling interest					(8.5)	(8.5)	8.5
Distributions to noncontrolling interest						0	(0.4)
Adjustments to redemption value of redeemable noncontrolling interest				(3.1)		(3.1)	3.1
Share-based compensation		$ 4.7				4.7
Shares issued or repurchased, net (in shares)		0.1
Shares issued or repurchased, net		$ (0.9)		0		(0.9)
Excess tax benefit from share-based awards		$ 0.6				0.6
Balance, period end (in shares) at Dec. 31, 2015		48.9
Balance, period end at Dec. 31, 2015	$ 1,227.1	$ 1,151.7	$ (45.3)	$ 117.2	$ 3.5	$ 1,227.1	$ 11.6

CONSOLIDATED STATEMENTS OF EQU8

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Statement of Stockholders' Equity [Abstract]
Dividend declared (in dollars per share)	$ 0.21	$ 0.17

BACKGROUND AND BASIS OF PRESENT

BACKGROUND AND BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BACKGROUND AND BASIS OF PRESENTATION	BACKGROUND AND BASIS OF PRESENTATION Description of Business : A&B is headquartered in Honolulu and operates four segments, principally in Hawaii: Real Estate Development and Sales; Real Estate Leasing; Agribusiness; and Materials and Construction. Real Estate Development and Sales: The Real Estate Development and Sales segment generates its revenues through the investment in and development and sale of land and commercial and residential properties in Hawaii. Real Estate Leasing: The Real Estate Leasing segment owns, operates and manages retail, office and industrial properties in Hawaii and on the Mainland. The Real Estate Leasing segment also leases urban land in Hawaii to third-party lessees. Agribusiness: The Agribusiness segment produces bulk raw sugar, specialty food grade sugars and molasses; provides general trucking services, equipment maintenance and repair services; leases agricultural land to third parties; and generates and sells electricity to the extent not used in A&B’s Agribusiness operations. On December 31, 2015, the Company determined it would cease its sugar operations on Maui upon completing its final harvest in 2016 (the "Cessation"), which will result in the eventual layoff of over 650 employees. See Note 18, "Cessation of HC&S Operations" for further discussion regarding the Cessation and the related costs associated with such exit and disposal activities. Materials and Construction: The Materials and Construction segment, which primarily includes the results of Grace Pacific ("Grace") from October 1, 2013, the date of acquisition, performs asphalt paving as prime contractor and subcontractor; imports and sells liquid asphalt; mines, processes and sells rock and sand aggregate; produces and sells asphaltic concrete and ready-mix concrete; provides and sells various construction- and traffic-control-related products; and manufactures and sells precast concrete products. Rounding: Amounts in the consolidated financial statements and notes thereto are rounded to the nearest tenth of a million, but per-share calculations were determined based on amounts before rounding. Accordingly, a recalculation of some per-share amounts and percentages, if based on the reported data, may result in differences.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation: The consolidated financial statements include the accounts of Alexander & Baldwin, Inc. and all wholly owned and controlled subsidiaries, after elimination of intercompany amounts. Significant investments in businesses, partnerships and limited liability companies in which the Company does not have a controlling financial interest, but has the ability to exercise significant influence, are accounted for under the equity method. A controlling financial interest is one in which the Company has a majority voting interest or one in which the Company is the primary beneficiary of a variable interest entity. In determining whether the Company is the primary beneficiary of a variable interest entity in which it has an interest, the Company is required to make significant judgments with respect to various factors including, but not limited to, the Company’s ability to direct the activities that most significantly impact the entity’s economic performance, the rights and ability of other investors to participate in decisions affecting the economic performance of the entity, and kick-out rights, among others. Activities that significantly affect the economic performance of the entities in which the Company has an interest include, but are not limited to, establishing and modifying detailed business, development, marketing and sales plans, approving and modifying the project budget, approving design changes and associated overruns, if any, and approving project financing, among others. The Company has not consolidated any variable interest entity in which the Company does not also have voting control because it has determined that it is not the primary beneficiary since decisions to direct the activities that most significantly impact the entity’s performance are shared by the joint venture partners. The consolidated financial statements include the results of GP/RM, a supplier in the precast concrete industry, and GLP Asphalt, LLC ("GLP"), an importer and distributor of liquid asphalt, which are owned 51 percent and 70 percent, respectively. These entities are consolidated because the Company holds a controlling financial interest through its majority ownership of the voting interests of the entities. The remaining interest in these entities is reported as noncontrolling interest in the consolidated financial statements. Profits, losses and cash distributions are allocated in accordance with the respective operating agreements. Use of Estimates: The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported. Estimates and assumptions are used for, but not limited to: (i) asset impairments, including intangible assets and goodwill, (ii) legal and environmental contingencies, (iii) revenue recognition for long-term real estate developments and construction contracts, (iv) pension and postretirement estimates, and (v) income taxes. Future results could be materially affected if actual results differ from these estimates and assumptions. Customer Concentration: Grace derives a significant portion of Materials and Construction revenues from a limited customer base. For the years ended December 31, 2015 and 2014, revenue of approximately $38.1 million and $37.5 million , respectively, was generated directly and indirectly from projects administered by the City and County of Honolulu. For the years ended December 31, 2015 and 2014, revenue of approximately $80.8 million and $79.6 million , respectively, was generated directly and indirectly from the State of Hawaii, where Grace served as general contractor or subcontractor. The revenues derived from the City and County of Honolulu and the State of Hawaii for the period from the date of acquisition of October 1, 2013 through December 31, 2013 were $14.3 million and $8.9 million , respectively. Hawaiian Commercial & Sugar Company, a consolidated subsidiary included in the Agribusiness segment, derived approximately $71.6 million , $65.5 million , and $87.6 million of revenue from C&H Sugar Company for the years ended December 31, 2015 , 2014 , and 2013 , respectively. Cash and Cash Equivalents: Cash equivalents consist of highly liquid investments with a maturity of three months or less at the date of purchase. The Company carries these investments at cost, which approximates fair value. There were no outstanding checks in excess of funds on deposit at December 31, 2015. Outstanding checks in excess of funds on deposit was $3.0 million at December 31, 2014 and are reflected as current liabilities in the consolidated balance sheets. Fair Value of Financial Instruments: The fair values of cash and cash equivalents, receivables and short-term borrowings approximate their carrying values due to the short-term nature of the instruments. The carrying amount and fair value of the Company’s debt at December 31, 2015 were $ 588.2 million and $597.0 million , respectively, and $706.0 million and $729.6 million at December 31, 2014 , respectively. The fair value of debt is calculated by discounting the future cash flows of the debt at rates based on instruments with similar risk, terms and maturities as compared to the Company’s existing debt arrangements (level 2). Allowance for Doubtful Accounts: Allowances for doubtful accounts are established by management based on estimates of collectability. Estimates of collectability are principally based on an evaluation of the current financial condition the Company’s customers and their payment history, which are regularly monitored by the Company. The changes in the allowance for doubtful accounts, included on the consolidated balance sheets as an offset to “Accounts receivable,” for the three years ended December 31, 2015 were as follows (in millions): Balance at Provision for bad debt Write-offs Balance at 2015 $1.7 $0.4 $(0.4) $1.7 2014 $1.3 $0.8 $(0.4) $1.7 2013 $1.6 $0.1 $(0.4) $1.3 Operating Cycle : The Company uses the duration of the construction contracts that range from one year to three years as its operating cycle for purposes of classifying assets and liabilities related to contracts. Accounts receivable and contracts retention collectible after one year related to the Materials and Construction segment are included in current assets in the consolidated balance sheets and amounted to $7.3 million and $6.0 million as of December 31, 2015 and December 31, 2014 , respectively. Accounts and contracts payable related to the Materials and Construction segment payable after one year are included in current liabilities in the consolidated balance sheets and amounted to $0.6 million for both years as of December 31, 2015 and December 31, 2014 . Inventories: Sugar inventories are stated at the lower of cost (first-in, first-out basis) or market value. Materials and supplies and Materials and Construction segment inventory are stated at the lower of cost (principally average cost, first-in, first-out basis) or market value. Inventories at December 31, 2015 and 2014 were as follows (in millions): 2015 2014 Sugar inventories $ 16.3 $ 23.3 Asphalt 12.8 21.3 Processed rock, portland cement, and sand 12.2 15.7 Work in progress 3.7 2.8 Retail merchandise 1.6 1.5 Parts, materials and supplies inventories 9.3 17.3 Total $ 55.9 $ 81.9 Property: Property is stated at cost, net of accumulated depreciation and amortization. Expenditures for major renewals and betterments are capitalized. Replacements, maintenance, and repairs that do not improve or extend asset lives are charged to expense as incurred. Upon acquiring commercial real estate that is deemed a business, the Company records land, buildings, leases above and below market, and other intangible assets based on their fair values. Costs related to due diligence are expensed as incurred. Depreciation: Depreciation and amortization is computed using the straight-line method over the estimated useful lives of the assets or the units-of-production method for quarry production-related assets. Estimated useful lives of property are as follows: Classification Range of Life (in years) Buildings 10 to 40 Water, power and sewer systems 5 to 50 Rock crushing and asphalt plants 25 to 35 Machinery and equipment 2 to 35 Other property improvements 3 to 35 Real Estate Developments: Expenditures for real estate developments are capitalized during construction and are classified as real estate developments on the consolidated balance sheets. When construction is substantially complete, the costs are reclassified as either Real Estate Held for Sale or Property, based upon the Company’s intent to either sell the completed asset or to hold it as an investment property, respectively. Cash flows related to real estate developments are classified as either operating or investing activities, based upon the Company’s intention to retain ownership or to sell the property, respectively, of the property as an investment following completion of construction. For development projects, capitalized costs are allocated using the direct method for expenditures that are specifically associated with the unit being sold and the relative-sales-value method for expenditures that benefit the entire project. Capitalized development costs typically include costs related to land acquisition, grading, roads, water and sewage systems, landscaping, capitalized interest, and project amenities. Direct overhead costs incurred after the development project is substantially complete, such as utilities, maintenance and real estate taxes, are charged to selling, general and administrative expense as incurred. All indirect overhead costs are charged to selling, general and administrative costs as incurred. Capitalized Interest: Interest costs incurred in connection with significant expenditures for real estate developments, the construction of assets, or investments in real estate joint ventures are capitalized during the period in which activities necessary to get the asset ready for its intended use are in progress. Capitalization of interest is discontinued when the asset is substantially complete and ready for its intended use. Capitalization of interest on investments in real estate joint ventures is recorded until the underlying investee commences its principal operations, which is typically when the investee has other-than-ancillary revenue generation. Total interest cost incurred was $29.1 million , $31.0 million and $20.8 million in 2015 , 2014 and 2013 , respectively. Capitalized interest in 2015 , 2014 and 2013 was $2.3 million , $1.9 million and $1.8 million , respectively, and was principally related to the Company's investment in The Collection, Waihonua and the Company’s Maui Business Park II project. Impairment of Long-Lived Assets and Finite-Lived Intangible Assets: Long-lived assets, including finite-lived intangible assets, are reviewed for possible impairment when events or circumstances indicate that the carrying value may not be recoverable. In such an evaluation, the estimated future undiscounted cash flows generated by the asset are compared with the amount recorded for the asset to determine if its carrying value is not recoverable. If this review determines that the recorded value will not be recovered, the amount recorded for the asset is reduced to estimated fair value. These asset impairment analyses are highly subjective because they require management to make assumptions and apply considerable judgments to, among others, estimates of the timing and amount of future cash flows, expected useful lives of the assets, uncertainty about future events, including changes in economic conditions, changes in operating performance, changes in the use of the assets and ongoing costs of maintenance and improvements of the assets, and thus, the accounting estimates may change from period to period. If management uses different assumptions or if different conditions occur in future periods, A&B’s financial condition or its future operating results could be materially impacted. Impairment of Investments: The Company's investments in unconsolidated affiliates are reviewed for impairment whenever there is evidence that fair value may be below carrying cost. An investment is written down to fair value if fair value is below carrying cost and the impairment is believed to be other-than-temporary. In evaluating the fair value of an investment and whether any identified impairment is other-than-temporary, significant estimates and considerable judgments are involved. These estimates and judgments are based, in part, on the Company’s current and future evaluation of economic conditions in general, as well as a joint venture’s current and future plans. Additionally, these impairment calculations are highly subjective because they also require management to make assumptions and apply judgments to estimates regarding the timing and amount of future cash flows that may consider various factors, including sales prices, development costs, market conditions and absorption rates, probabilities related to various cash flow scenarios, and appropriate discount rates based on the perceived risks, among others. In evaluating whether an impairment is other-than-temporary, the Company considers all available information, including the length of time and extent of the impairment, the financial condition and near-term prospects of the affiliate, the Company’s ability and intent to hold the investment for a period of time sufficient to allow for any anticipated recovery in market value, and projected industry and economic trends, among others. Changes in these and other assumptions could affect the projected operational results and fair value of the unconsolidated affiliates, and accordingly, may require valuation adjustments to the Company’s investments that may materially impact the Company’s financial condition or its future operating results. For example, if current market conditions deteriorate significantly or a joint venture’s plans change materially, impairment charges may be required in future periods, and those charges could be material. In July 2014, the Company invested $23.8 million in KIUC Renewable Solutions Two LLC (KRS II), an entity that owns and operates a 12-megawatt solar farm in Koloa, Kauai. The investment return from the Company's investment in KRS II is principally composed of federal and state tax benefits. As tax benefits are realized over the life of the investment, the Company recognizes a non-cash reduction to the carrying amount of its investment in KRS II. During the years ended December 31, 2015 and 2014, the Company recorded a net non-cash reduction of $2.6 million and $14.7 million , respectively, in Other income (expense) in the accompanying consolidated statements of income. The Company expects that future reductions to its investment in KRS II will be recognized as tax benefits are realized. In 2013, the Company entered into an Amended and Restated Limited Liability Company Agreement of Kukui'ula Village (Agreement) with DMB Kukui'ula Village LLC (DMB). Under the Agreement, the Company assumed financial and operational control of Kukui'ula Village LLC (Village) and consolidated the assets and liabilities of Village at fair value, resulting in a $6.3 million write down of its investment in the joint venture. Weakness in particular real estate markets, difficulty in obtaining or renewing project-level financing or development approvals, and changes in the Company’s development strategy, among other factors, may affect the value or feasibility of certain development projects owned by the Company or by its joint ventures and could lead to additional impairment charges in the future. Intangible Assets: Intangible assets are recorded on the consolidated balance sheets as other non-current assets and are related to the acquisition of commercial properties. Intangible assets acquired in 2015 and 2014 were as follows: 2015 2014 Amount Weighted Average Life (Years) Amount Weighted Average Life (Years) Amortized intangible assets: In-place/favorable leases $ 1.0 2.6 $ 2.1 1.8 Intangible assets for the years ended December 31, included the following (in millions): 2015 2014 Cost Accumulated Amortization Cost Accumulated Amortization Amortized intangible assets: In-place leases $ 62.6 $ (34.0 ) $ 61.6 $ (25.8 ) Favorable leases 16.6 (9.1 ) 16.6 (7.8 ) Permitted quarry rights 18.0 (1.3 ) 18.0 (0.7 ) Contract backlog 2.6 (2.6 ) 2.6 (2.5 ) Trade name/customer relationships 2.2 (0.6 ) 2.2 (0.3 ) Total assets $ 102.0 $ (47.6 ) $ 101.0 $ (37.1 ) Aggregate intangible asset amortization was $10.5 million , $11.2 million and $9.3 million for 2015 , 2014 and 2013 , respectively. Estimated amortization expenses related to intangible assets over the next five years are as follows (in millions): Estimated 2016 $6.7 2017 $5.5 2018 $4.7 2019 $4.2 2020 $3.5 Goodwill: The Company recorded a total of $93.6 million of goodwill in connection with the acquisition of Grace, which occurred on October 1, 2013. Additionally, the Company recorded $9.3 million of goodwill in connection with the consolidation of The Shops at Kukui'ula. The Grace and The Shops at Kukui'ula goodwill is not expected to be deductible for tax purposes. In 2014, the Company finalized its valuation of Grace and, as a result, recorded an additional $3.3 million of goodwill, primarily related to the fair value of liabilities associated with the maintenance and management of former quarry sites. The Company reviews goodwill for impairment at the reporting unit level annually and whenever events or changes in circumstances indicate that it is more likely than not that the fair value of the reporting unit is less than its carrying amount. The changes in the carrying amount of goodwill allocated to the Company's reportable segments for the years ended December 31, 2015 and 2014 were as follows (in millions): Materials & Construction Real Estate Leasing Total Balance, January 1, 2014 $ 90.3 $ 9.3 $ 99.6 Goodwill increase during the year 3.3 — 3.3 Goodwill allocated to sale of Maui Mall — (0.6 ) (0.6 ) Balance, December 31, 2014 93.6 8.7 102.3 Changes to goodwill — — — Balance, December 31, 2015 $ 93.6 $ 8.7 $ 102.3 Revenue Recognition: The Company has a wide variety of revenue sources, including real estate sales, commercial property rentals, material sales, paving construction, and the sales of raw sugar and molasses. Before recognizing revenue, the Company assesses the underlying terms of the transaction to ensure that recognition meets the requirements of relevant accounting standards. In general, the Company recognizes revenue when persuasive evidence of an arrangement exists, delivery of the service or product has occurred, the sales price is fixed or determinable, and collectability is reasonably assured. Real Estate Sales Revenue Recognition: Real Estate Development and Sales revenue represents proceeds from the sale of a variety of real estate development inventory. Real estate development inventory may include industrial lots, residential lots, condominium units, single-family homes and multi-family homes. Sales are recorded when the risks and rewards of ownership have passed to the buyers (generally on closing dates), adequate initial and continuing investments have been received, and collection of remaining balances, if any, is reasonably assured. For certain development projects that have continuing post-closing involvement and for which total revenue and capital costs are reasonably estimable, the Company uses the percentage-of-completion method for revenue recognition. Under this method, the amount of revenue recognized is based on development costs that have been incurred through the reporting period as a percentage of total expected development cost associated with the development project. This generally results in a stabilized gross margin percentage, but requires significant judgment and estimates. Real Estate Leasing Revenue Recognition: Real Estate Leasing revenue is recognized on a straight-line basis over the terms of the related leases, including periods for which no rent is due (typically referred to as “rent holidays”). Differences between revenues recognized and amounts due under respective lease agreements are recorded as increases or decreases, as applicable, to deferred rent receivable. Also included in rental revenue are certain tenant reimbursements and percentage rents determined in accordance with the terms of the leases. Income arising from tenant rents that are contingent upon the sales of the tenant exceeding a defined threshold are recognized only after the contingency has been resolved (e.g., sales thresholds have been achieved). Construction Contracts and Related Products Revenue Recognition : Grace generates revenue primarily from material sales and paving contracts. The recognition of revenue is based on the underlying terms of the transaction. Materials - Revenues from material sales, which include basalt aggregate, liquid asphalt and hot mix asphalt, are recognized when title to the product and risk of loss passes to third parties (generally this occurs when the product is picked up by customers or their agents) and when collection is reasonably assured. Construction - A majority of paving contracts is performed for Hawaii state, federal, and county governments. Unit price contracts, which comprise a significant portion of Grace's paving contracts, require Grace to provide line-item deliverables at fixed unit prices based on approved quantities irrespective of Grace’s actual per unit costs. Earnings on unit price contracts are recognized as quantities are delivered and accepted by the customer. Lump sum contracts require that the total amount of work be performed for a single price irrespective of actual quantities or Grace’s actual costs. Earnings on fixed-price paving contracts are generally recognized using the percentage-of-completion method with progress toward completion measured on the basis of units (tons, cubic yards, square yards, square feet or other units of measure) of work completed as of a specific date to an estimate of the total units of work to be delivered under each contract. Grace uses this method as its management considers units of work completed to be the best available measure of progress on contracts. Contracts in progress are reviewed regularly, and sales and earnings may be adjusted based on revisions to assumption and estimates, including, but not limited to, revisions to job performance, job site conditions, changes to the scope of work, estimated contract costs, progress toward completion, changes in internal and external factors or conditions and final contract settlement. Selling, general and administrative costs are charged to expense as incurred. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses become evident. Sugar and Molasses Revenue Recognition: Revenue from sugar sales is recorded when title to the product and risk of loss passes to third parties (generally this occurs when the product is shipped or delivered to customers) and when collection is reasonably assured. Agricultural Costs: Costs of growing and harvesting sugar cane are charged to the cost of inventory in the year incurred and to cost of sales as sugar is sold. Discontinued Operations: In 2014, the Company early adopted the provisions of Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360) : Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU 2014-08”), which changes the requirements for reporting discontinued operations under Subtopic 205-20. For periods prior to the adoption of ASU 2014-08, the sales of certain income-producing assets were classified as discontinued operations if the operations and cash flows of the assets clearly could be distinguished from the remaining assets of the Company, if cash flows for the assets had been, or would have been, eliminated from the ongoing operations of the Company, if the Company would not have had a significant continuing involvement in the operations of the assets sold, and if the amount was considered material. Certain assets that are “held-for-sale,” based on the likelihood and intention of selling the property within 12 months, were also treated as discontinued operations. Sales of land not under lease and residential houses and lots were generally considered inventory and were not included in discontinued operations. Employee Benefit Plans: The Company provides a wide range of benefits to existing employees and retired employees, including single-employer defined benefit plans, postretirement, defined contribution plans, post-employment and health care benefits. The Company records amounts relating to these plans based on various actuarial assumptions, including discount rates, assumed rates of return, compensation increases, turnover rates and health care cost trend rates. The Company reviews its actuarial assumptions on an annual basis and makes modifications to the assumptions based on current economic conditions and trends. The Company believes that the assumptions utilized in recording obligations under the Company’s plans, which are presented in Note 11, “Employee Benefit Plans,” are reasonable based on its experience and on advice from its independent actuaries; however, differences in actual experience or changes in the assumptions may materially affect the Company’s financial position or results of operations. Share-Based Compensation: The Company records compensation expense for all share-based payment awards made to employees and directors. The Company’s various equity plans are more fully described in Note 13, Share Based Awards. Earnings Per Share (“EPS”): Basic and diluted earnings per share are computed and disclosed in accordance with FASB Accounting Standards Codification Topic 260, Earnings Per Share . The Company utilizes the two-class method to compute earnings available to common shareholders. Under the two-class method, earnings are adjusted by accretion amounts to redeemable noncontrolling interests recorded at redemption value. The adjustments represent in-substance dividend distributions to the noncontrolling interest holder as the holder has a contractual right to receive a specified amount upon redemption. As a result, earnings are adjusted to reflect this in-substance distribution that is different from other common shareholders. In addition, the Company allocates net earnings to each class of common stock and participating security as if all of the net earnings for the period had been distributed. The Company's participating securities consist of time-based restricted unit awards that contain a non-forfeitable right to receive dividends and, therefore, are considered to participate in earnings with common shareholders. Basic earnings per common share excludes dilution and is calculated by dividing net earnings allocated to common shares by the weighted-average number of common shares outstanding for the period. Diluted earnings per common share is calculated by dividing net earnings allocable to common shares by the weighted-average number of common shares outstanding for the period, as adjusted for the potential dilutive effect of non-participating share-based awards. The Company's "EPS" calculation and description of calculation is contained in Note 16, "Earnings Per Share." Income Taxes: The Company makes certain estimates and judgments in determining income tax expense for financial statement purposes. These estimates and judgments are applied in the calculation of tax credits, tax benefits and deductions, and in the calculation of certain deferred tax assets and liabilities, which arise from differences in the timing of recognition of revenue and expense for tax and financial statement purposes. Deferred tax assets and deferred tax liabilities are adjusted to the extent necessary to reflect tax rates expected to be in effect when the temporary differences reverse. Adjustments may be required to deferred tax assets and deferred tax liabilities due to changes in tax laws and audit adjustments by tax authorities. To the extent adjustments are required in any given period, the adjustments would be included within the tax provision in the Consolidated Statements of Income or Balance Sheets. The Company records a liability for uncertain tax positions not deemed to meet the more-likely-than-not threshold. The Company did not have material uncertain tax positions as of December 31, 2015 and 2014 . The Company has not recorded a valuation allowance for its deferred tax assets. A valuation allowance would be established if, based on the weight of available evidence, management believes that it is more likely than not that some portion or all of a recorded deferred tax asset would not be realized in future periods. The investment return from the Company's investment in KRS II is principally composed of federal and state tax benefits, including tax credits. These tax credits are accounted for using the flow-through method, which reduces the provision for income taxes in the year the tax credits first become available. The total KRS II net tax credit benefits that the Company recognized for book purposes in 2014 was approximately $13.7 million . Comprehensive Loss: Comprehensive loss includes all changes in equity, except those resulting from transactions with shareholders and net income. Other comprehensive loss principally includes amortization of deferred pension and postretirement costs. The components of accumulated other comprehensive loss, net of taxes, were as follows for the years ended December 31 (in millions): 2015 2014 2013 Unrealized components of benefit plans: Pension plans $ (44.7 ) $ (43.9 ) $ (29.3 ) Post-retirement plans (0.6 ) (0.5 ) (1.1 ) Non-qualified benefit plans — — 0.3 Accumulated other comprehensive loss $ (45.3 ) $ (44.4 ) $ (30.1 ) The changes in accumulated other comprehensive loss for pension and postretirement plans for the years ended December 31, were as follows (in millions, net of tax): December 31, 2015 2014 Beginning balance $ (44.4 ) $ (30.1 ) Amounts reclassified from accumulated other comprehensive loss, net of tax (0.9 ) (14.3 ) Ending balance $ (45.3 ) $ (44.4 ) The reclassifications of other comprehensive loss components out of accumulated other comprehensive loss for the years ended December 31, were as follows (in millions): Details about Other Comprehensive Income (Loss) Components 2015 2014 2013 Actuarial gain (loss)* $ (7.1 ) $ (26.7 ) $ 22.4 Prior service cost (0.4 ) — — Amortization of defined benefit pension items reclassified to net periodic pension cost: Net loss* 7.3 4.5 7.7 Prior service credit* (1.3 ) (1.3 ) (1.3 ) Total before income tax (1.5 ) (23.5 ) 28.8 Income taxes 0.6 9.2 (11.7 ) Other comprehensive income (loss) net of tax $ (0.9 ) $ (14.3 ) $ 17.1 * These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 11 for additional details). Self-Insured Liabilities: The Company is self-insured for certain losses that include, but are not limited to, employee health, workers’ compensation, general liability, real and personal property, and real estate construction warranty and defect claims. When feasible, the Company obtains third-party insurance coverage to limit its exposure to these claims. When estimating its self-insured liabilities, the Company considers a number of factors, including historical claims experience, demographic factors, and valuations provided by independent third-parties. Impact of Recently Issued Accounting Standards: In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers , as a new Topic, ASC Topic 606. The new revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle of the guidance is that an entity should apply the following steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract(s), (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract(s), and (v) recognize revenue when, or as, the entity satisfies a performance obligation. This ASU is to be applied retrospe

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Construction Contracts and Material Sales. The Company entered into contracts in the ordinary course of business, as a supplier, with affiliates that are members in entities in which the Company also is a member. Revenues earned from transactions with affiliates totaled approximately $23.0 million , $23.9 million , and $7.9 million for the years ended December 31, 2015 , 2014 , and 2013, respectively. Receivables from these affiliates were $2.7 million and $3.0 million at December 31, 2015 and 2014 , respectively. Amounts due to these affiliates were immaterial at December 31, 2015 and 2014 . Real Estate Leasing and Development. The Company entered into contracts in the ordinary course of business, as a lessor of property, with unconsolidated affiliates in which the Company has an interest, as well as with certain entities that are owned by a director of the Company. Revenues earned from these transactions were immaterial for each of the years ended December 31, 2015, 2014 and 2013. Receivables from these affiliates were immaterial as of December 31, 2015 and 2014. During the year ended December 31, 2015, the Company recorded developer fee revenues of approximately $2.9 million related to management and administrative services provided to certain unconsolidated investment in affiliates. Developer fee revenues recorded for each of the years ended December 31, 2014 and 2013 were immaterial. Consulting Agreement. In January 2016, the Company entered into a one -year consulting agreement with a former executive of its Grace subsidiary, who retired in December 2015. The term of the agreement is for the period January 1, 2016 through December 31, 2016, pursuant to which the Company will pay $200,000 in exchange for services related to the operation of Grace, including assisting in leadership transition, operating performance and government and community affairs.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS During 2013, the sales of four industrial properties, three retail properties and two office buildings were classified as discontinued operations. Additionally, Maui Mall, a retail property on Maui that was sold in January 2014, was classified as discontinued operations for each of the years ended December 31, 2014 and 2013. The revenue, operating profit, income tax expense and after-tax effects of these transactions for 2015, 2014 and 2013 were as follows (in millions): 2015 2014 2013 Proceeds from the sale of income-producing properties $ — $ 70.1 $ 337.6 Real Estate Leasing revenue $ — $ 0.3 $ 31.6 Gain on sale of income-producing properties, net $ — $ 55.9 $ 22.1 Real Estate Leasing operating profit — 0.3 14.6 Total operating profit before taxes — 56.2 36.7 Income tax expense — 21.9 14.4 Income from discontinued operations $ — $ 34.3 $ 22.3 Basic Earnings Per Share $ — $ 0.70 $ 0.50 Diluted Earnings Per Share $ — $ 0.70 $ 0.50

INVESTMENTS IN AFFILIATES

INVESTMENTS IN AFFILIATES	12 Months Ended
	Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS IN AFFILIATES	INVESTMENTS IN AFFILIATES At December 31, 2015 and 2014 , investments consisted principally of equity in limited liability companies. The Company has the ability to exercise significant influence over the operating and financial policies of these investments and, accordingly, accounts for its investments using the equity method of accounting. The amount of the Company’s investment at December 31, 2015 that represents undistributed earnings of investments in affiliates was approximately $12.3 million . Dividends and distributions from unconsolidated affiliates totaled $72.2 million in 2015 , $17.9 million in 2014 and $6.6 million for 2013 . The Company’s investments in affiliates totaled $416.4 million and $418.6 million as of December 31, 2015 and 2014 , respectively. Operating results include the Company’s proportionate share of net income from its equity method investments. A summary of combined financial information for the Company’s equity method investments at December 31 is as follows (in millions): 2015 2014 Current assets $ 107.1 $ 52.7 Non-current assets 854.0 935.6 Total assets $ 961.1 $ 988.3 Current liabilities $ 64.4 $ 53.0 Non-current liabilities 200.7 245.9 Total liabilities $ 265.1 $ 298.9 Year Ended December 31, 2015 2014 2013 Operating revenue $ 471.7 $ 71.0 $ 37.8 Operating costs and expenses 411.6 65.9 31.1 Operating income $ 60.1 $ 5.1 $ 6.7 Income from continuing operations* $ 57.2 $ 5.0 $ 6.8 Net income $ 56.1 $ 5.0 $ 6.8 * Includes earnings from equity method investments held by the investee. Significant joint ventures at December 31, 2015 , included the following: In 2002, the Company entered into a joint venture with DMB Communities II, an affiliate of DMB Associates, Inc., an Arizona-based developer of master-planned communities (“DMB”), for the development of Kukui’ula, a master planned resort residential community located in Poipu, Kauai, planned for up to 1,500 high-end residential units. The carrying value of the Company's investment in Kukui'ula, which includes capital contributed by A&B to the joint venture, the value of land initially contributed, net of joint venture earnings and losses, was $275.5 million as of December 31, 2015 . The total capital contributed to-date to the joint venture by the Company was approximately 59 percent as of December 31, 2015 . Due to the joint venture’s obligation to complete improvements and amenities, the joint venture uses the percentage-of-completion method for revenue recognition. The Company does not have a controlling financial interest in the joint venture, but exercises significant influence over the operating and financial policies of the venture, and therefore, accounts for its investment using the equity method. Due to the complex nature of cash distributions to the members, net income of the joint venture is allocated to the members, including the Company, using the Hypothetical Liquidation at Book Value (“HLBV”) method. Under the HLBV method, joint venture income or loss is allocated to the members based on the period change in each member’s claim on the book value of net assets of the venture, excluding capital contributions and distributions made during the period. In 2010, A&B acquired fully-entitled land near the Ala Moana Center in Honolulu for the development of Waihonua ("Waihonua"), a 340 -saleable unit residential high-rise condominium. In 2012, the Company formed a joint venture and contributed the land, pre-development assets and cash. The Company also secured capital partners that provided the remainder of the $65.0 million in total equity required for the project and the joint venture secured construction financing. In connection with the project, the Company provided a limited guaranty to the construction lender in the amount of the lesser of $20 million or the outstanding loan balance. The Company's exposure to loss was limited to its equity investment and the outstanding balance on the loan, up to $20 million . The Company does not have a controlling financial interest in the joint venture, but exercises significant influence over the operating and financial policies of the venture, and therefore, accounted for its investment under the equity method. Construction of Waihonua was completed in November 2014, and 12 units closed in December 2014. The remaining 328 units closed in January 2015 and the construction loan was paid off, extinguishing the guarantee. The Company's investment at December 31, 2015 and 2014 was $0.0 million and $35.6 million , respectively. For the year ended December 31, 2015, the Company determined that its Waihonua joint venture met the conditions of a significant subsidiary under Rule 1-02(w) of Regulation S-X and, therefore, pursuant to Rule 3-09 of Regulation S-X, has attached separate financial statements to this Annual Report on Form 10-K as Exhibit 99.1. In July 2014, the Company invested $23.8 million in KRS II, an entity that owns and operates a 12-megawatt solar farm in Koloa, Kauai. The Company does not have a controlling financial interest in KRS II, but exercises significant influence over the operating and financial policies of the venture, and therefore, accounts for its investment under the equity method. The investment return from the Company's investment in KRS II is principally composed of federal and state tax benefits. As tax benefits are realized over the life of the investment, the Company recognizes a non-cash reduction to the carrying amount of its investment in KRS II. Due to the complex nature of cash distributions, net income of the joint venture is allocated to the Company using the HLBV method. Under the HLBV method, joint venture income or loss is allocated to the members based on the period change in each member’s claim on the net assets of the venture, excluding capital contributions and distributions made during the period. For the year ended December 31, 2015 and 2014, the Company recorded a net, non-cash reduction of $2.6 million and $14.7 million , respectively, in Other income (expense) in the accompanying consolidated statements of income. The Company's investment balance at December 31, 2015 and 2014 was $4.4 million and $8.4 million . The Company expects that future reductions to its investment in KRS II will be recognized as tax benefits are realized. In connection with the KRS II investment, the Company provided a limited indemnity to Kauai Island Utility Cooperative ("KIUC") that indemnifies KIUC for payments up to $6.0 million made by KIUC under a KIUC guaranty to the lender that provided KRS II's project financing. KIUC is an equity partner and managing member of KRS II, project sponsor and customer for the output of the KRS II facility. The fair value of the Company's indemnity was not material. In October 2014, the Company contributed land, pre-paid development assets and cash to The Collection LLC, a joint venture formed to develop a 464 -unit high-rise residential condominium project on Oahu, consisting of a 396 -unit high-rise condominium tower, 14 three-bedroom townhomes, and a 54 -unit mid-rise building. In addition to the Company's initial contribution, the Company also secured equity partners that contributed an additional $16.8 million in cash. The Company's total agreed upon contribution, which includes the land and pre-paid development assets already contributed, is $50.3 million . In connection with the project, the Company provided a limited guaranty to the construction lender for the project at the lesser of $30 million or the outstanding loan balance. The Company's exposure to loss is limited to its total equity investment and the outstanding balance on the loan, up to $30 million . The fair value of the Company's guaranty was not material. The Company's investment at December 31, 2015 and 2014 was $49.1 million and $45.9 million , respectively. The Company accounts for its investment under the equity method. The Company also has investments in various other joint ventures that operate or develop real estate and joint ventures that engage in materials and construction-related activities and renewable energy. The Company does not have a controlling financial interest, but has the ability to exercise significant influence over the operating and financial policies of these joint ventures and, accordingly, accounts for its investments in these ventures using the equity method of accounting. On September 24, 2013, KDC LLC ("KDC"), a wholly owned subsidiary of the Company and member of Kukui'ula Village LLC ("Village"), entered into an Amended and Restated Limited Liability Company Agreement of Kukui'ula Village ("Agreement") with DMB Kukui'ula Village LLC ("DMB"), a Delaware limited liability company, as a member, and KKV Management LLC, a Hawaii limited liability company, as the manager and a member. Village owns and operates The Shops at Kukui'ula, a commercial retail center on the south shore of Kauai. Under the Agreement, KDC assumed control of Village, and accordingly, consolidated Village's assets and liabilities at fair value. Prior to the consolidation of the assets and liabilities of Village on September 24, 2013, the carrying value of the Company's investment in Village was approximately $6.3 million . Based on the other member's forfeiture of it's interest in the joint venture for no consideration, there was an indication that the fair value of the Company's investment in Village was below its carrying value. Consequently, the Company wrote down its investment in Village in connection with the consolidation of Village in 2013.

UNCOMPLETED CONTRACTS

UNCOMPLETED CONTRACTS	12 Months Ended
	Dec. 31, 2015
Contractors [Abstract]
UNCOMPLETED CONTRACTS	UNCOMPLETED CONTRACTS Information related to uncompleted contracts as of December 31, 2015 and 2014 is as follows (in millions): 2015 2014 Costs incurred on uncompleted contracts $ 80.3 $ 126.7 Estimated earnings 29.2 32.8 Subtotal 109.5 159.5 Less: billings to date 95.8 147.2 Total $ 13.7 $ 12.3 Included in accompanying consolidated balance sheets under the following captions: Costs and estimated earnings in excess of billings on uncompleted contracts $ 16.3 $ 15.9 Estimated billings in excess of costs and estimated earnings on uncompleted contracts (2.6 ) (3.6 ) Total $ 13.7 $ 12.3

PROPERTY

PROPERTY	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
PROPERTY	PROPERTY Property on the consolidated balance sheets includes the following (in millions): December 31, 2015 2014 Buildings $ 571.3 $ 586.7 Land 578.5 588.5 Machinery and equipment 242.6 236.1 Asphalt plants and quarry assets 77.1 65.5 Water, power and sewer systems 145.6 142.6 Other property improvements 86.8 90.7 Vessel 11.3 7.2 Subtotal 1,713.2 1,717.3 Accumulated depreciation (443.8 ) (415.6 ) Property - net $ 1,269.4 $ 1,301.7 Depreciation expense for the years ended December 31, 2015 and 2014 was $43.8 million and $43.9 million , respectively.

NOTES PAYABLE AND LONG-TERM DEB

NOTES PAYABLE AND LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
NOTES PAYABLE AND LONG-TERM DEBT	NOTES PAYABLE AND LONG-TERM DEBT At December 31, 2015 and 2014 , notes payable and long-term debt consisted of the following (in millions): 2015 2014 Revolving Credit loans (2.10% for 2015 and 2.37% for 2014) $ 77.8 $ 169.8 Term Loans: 3.90%, payable through 2024 75.0 75.0 6.90%, payable through 2020 75.0 80.0 3.88%, payable through 2027 50.0 — 5.55%, payable through 2026 47.0 50.0 5.53%, payable through 2024 31.5 37.5 5.56%, payable through 2026 25.0 25.0 4.35%, payable through 2026 23.4 25.0 4.15%, payable through 2024, secured by Pearl Highlands Center (a) 91.9 93.6 LIBOR plus 2.66%, payable through 2016, secured by The Shops at Kukui'ula (c) 37.0 40.5 LIBOR plus 1.5%, payable through 2021, secured by Kailua Town Center III (b) 11.0 11.2 LIBOR plus 2.63%, payable through 2016, secured by Kahala Estate Properties (d) 8.2 35.2 6.38%, payable through 2017, secured by Midstate Hayes 8.2 8.3 LIBOR plus 1.0%, payable through 2021, secured by asphalt terminal (e) 6.9 8.0 5.19%, payable through 2019 8.4 10.2 1.85%, payable through 2017 5.2 7.9 3.31%, payable through 2018 4.6 6.3 2.00%, payable through 2018 1.5 2.2 2.65%, payable through 2016 0.6 1.2 5.39%, payable through 2015, secured by Waianae Mall — 19.1 Total debt 588.2 706.0 Less debt (premium) discount (0.3 ) (0.4 ) Total debt (contractual) 587.9 705.6 Less current portion (90.4 ) (74.5 ) Add debt premium (discount) 0.3 0.4 Long-term debt $ 497.8 $ 631.5 (a) On December 1, 2014, the Company refinanced and increased the amount of the loan secured by Pearl Highlands Center. (b) Loan has a stated interest rate of LIBOR plus 1.5% , but is swapped through maturity to a 5.95% fixed rate. (c) Loan has an effective interest rate of 2.83% for 2015 and 2.82% for 2014. (d) Loan has an effective interest rate of 2.82% for 2015 and 2.78% for 2014. (e) Loan has a stated interest rate of LIBOR plus 1.0% , but is swapped through maturity to a 5.98% fixed rate. Long-term Debt Maturities: At December 31, 2015 , debt maturities during the next five years and thereafter, excluding amortization of debt discount or premium, are $90.4 million in 2016 (which includes $45.3 million in balloon payments on secured mortgage debt), $40.6 million in 2017 , $41.1 million in 2018 , $40.5 million for 2019 , $103.9 million in 2020 (which includes $66.0 million of revolving credit loans that mature in 2020), and $271.4 million thereafter. Revolving Credit Facilities: The Company has a revolving senior credit facility that provides for an aggregate $350 million , 5 -year unsecured commitment ("A&B Senior Credit Facility"), with an uncommitted $100 million increase option. The A&B Senior Credit Facility also provides for a $100 million sub-limit for the issuance of standby and commercial letters of credit and an $80 million sub-limit for swing line loans. Amounts drawn under the facilities bear interest at a stated rate, as defined, plus a margin that is determined based on a pricing grid using the ratio of debt to total adjusted asset value, as defined. The agreement contains certain restrictive covenants, the most significant of which requires the maintenance of minimum shareholders’ equity levels, minimum EBITDA to fixed charges ratio, maximum debt to total assets ratio, minimum unencumbered income-producing asset value to unencumbered debt ratio, and limitations on priority debt. In December 2015, the Company completed an amendment to the A&B Senior Credit Facility agreement, which extended the maturity date to December 2020, modified certain covenants (described below), and reduced the interest rates and fees charged under the credit facility. At December 31, 2015 , $73.8 million was outstanding, $11.8 million in letters of credit had been issued against the A&B Senior Credit Facility, and $264.4 million was undrawn. In December 2015, the Company entered into a 3 -year unsecured note purchase and private shelf agreement (the "Prudential Agreement") with Prudential Investment Management, Inc. and its affiliates (collectively, "Prudential") that enables the Company to issue notes in an aggregate amount up to $450 million , less the sum of all principal amounts then outstanding on any notes issued by the Company or any of its subsidiaries to Prudential and the amounts of any notes that are committed under the Prudential Agreement. The Prudential Agreement, as amended, expires in December 2018 and contains certain restrictive covenants that are substantially the same as the covenants contained in the A&B Senior Credit Facility, as amended. Borrowings under the uncommitted shelf facility bear interest at rates that are determined at the time of the borrowing. At December 31, 2015 , approximately $123.1 million was undrawn under the facility. The principal covenant amendments under the Revolver Amendment and the Prudential Agreement are as follows: • An increase in the maximum percentage of unsecured debt to unencumbered income-producing assets value from approximately 57 percent to 60 percent . • A reduction in the applicable cap rate applied to certain income-producing assets included in unencumbered income producing assets value of between 25 bps to 50 bps, which increases the covenant value of these income-producing assets. • The addition of certain real estate development assets and real estate investments in the unencumbered income producing assets value, subject to an overall limitation of 15 percent of total unencumbered income producing assets value. • An increase in the maximum amount of investments in third party notes and mezzanine investments to 5 percent of total adjusted assets value. • The add back of certain non-recurring, one-time expenses to earnings before interest, taxes, depreciation, and amortization. At December 31, 2015 , the Company had, at one of its subsidiaries, a $30.0 million line of credit that matures in December 2016. The line was extended and reduced from $40 million in August 2014. Approximately $4.0 million and $13.7 million was outstanding on the $30.0 million line of credit as of December 31, 2015 and 2014, respectively. The credit line is collateralized by the subsidiary's accounts receivable, inventory and equipment. The Company and the noncontrolling interest holders are guarantors, on a several basis, for their pro rata shares (based on membership interests) of borrowings under the line of credit. The undrawn amount under all revolving credit and term facilities as of December 31, 2015 totaled $413.5 million , and includes $26.0 million of capacity that may only be used for asphalt purchases. Real Estate Secured Term Debt: On December 18, 2013, the Company entered into a short-term facility ("Bridge Loan"), by and among A&B LLC, Bank of America, N.A., and other lenders party thereto, to finance a portion of the Company's $372.7 million purchase of the Kailua Portfolio. On December 20, 2013, the Company consummated the acquisition and borrowed $60.0 million under the Bridge Loan, which bore interest at LIBOR plus 3 percent . The Bridge Loan was paid off on January 6, 2014 with reverse 1031 proceeds from the disposition of Maui Mall. Additionally, in connection with the acquisition of the Kailua Portfolio, the Company assumed a $12.0 million mortgage note, which matures in September 2021, and an interest rate swap that effectively converts the floating rate debt to a fixed rate of 5.95 percent . On December 16, 2013, Estates of Kahala LLC, a wholly owned subsidiary of the Company, entered into a non-recourse loan agreement ("Loan Agreement") and promissory note ("Note") with First Hawaiian Bank ("Lender"). The $42.0 million loan is secured by 15 residential lots on Kahala Avenue on Oahu, three parcels in Windward Oahu, and an agricultural parcel on Maui. The Loan Agreement and Note require principal payments equal to 70 percent of the net sales proceeds from the sale of any of the secured properties. To the extent cumulative principal payments were less than $18.0 million after 18 months , the Company was required to make an additional principal payment, such that the remaining principal balance of the loan is less than or equal to $24.0 million . At June 16, 2015 the cumulative principal payments were greater than the requirement and no payment was made. The loan bears interest at LIBOR plus 2.625 percent , matures on December 16, 2016 , is prepayable without penalty, and provides for a 1 -year extension option, provided certain conditions are met. The loan also requires that the Company maintain a loan to value ratio below 65 percent for the properties secured. At December 31, 2015 , the balance of the loan was $8.2 million . On September 24, 2013, KDC LLC ("KDC"), a wholly owned subsidiary of A&B and a 50 percent member of Kukui'ula Village LLC ("Village"), entered into an Amended and Restated Limited Liability Company Agreement of Kukui'ula Village ("Agreement") with DMB Kukui'ula Village LLC ("DMB)", a Delaware limited liability company, as a member, and KKV Management LLC, a Hawaii limited liability company, as the manager and a member. Village owns and operates The Shops at Kukui'ula, a commercial retail center on the south shore of Kauai. Under the Agreement KDC assumed control of Village. Accordingly, A&B consolidated Village's assets and liabilities at fair value, which included secured loans totaling approximately $51.2 million . The first loan, totaling $41.8 million ("Real Estate Loan"), was secured by The Shops at Kukui'ula and 45 acres owned by Kukui'ula Development Company (Hawaii), LLC ("Kukui'ula"), in which KDC is a member. The second loan, totaling $9.4 million , ("Term Loan") was secured by a letter of credit. The Real Estate Loan and Term Loan were scheduled to mature on September 28, 2013 . On September 25, 2013, Village entered into an agreement to extend the maturities of the loans to November 5, 2013 , in order to finalize refinancing negotiations with the lender. In connection with the loan extensions, Village made a $5 million principal payment on the Real Estate Loan. On November 5, 2013, the Company refinanced the remaining $44.0 million of secured loans related to The Shops at Kukui'ula with new 3 -year term loans. The first loan, totaling $34.6 million , is secured by The Shops at Kukui'ula, 45 acres owned by Kukui'ula, in which KDC is a member, and an A&B guaranty. The loan bears interest at LIBOR plus 2.85 percent and requires principal amortization of $0.9 million per quarter . The second loan, totaling $9.4 million , is interest only, secured by a letter of credit, and bears interest at LIBOR plus 2.0 percent . The first loan contains guarantor covenants that substantially mirror the covenants in A&B's $350 million revolving credit agreement. At December 31, 2015 , the balances of the Real Estate Loan and Term Loan were $27.6 million and $9.4 million , respectively. On September 17, 2013, the Company closed the purchase of Pearl Highlands Center, a 415,400 -square-foot, fee simple retail center in Pearl City, Oahu (the “Property”), for $82.2 million in cash and the assumption of a $59.3 million mortgage loan (the “Pearl Loan”), pursuant to the terms of the Real Estate Purchase and Sale Agreement, dated April 9, 2013, between PHSC Holdings, LLC and A&B Properties. On December 1, 2014, the Company refinanced and increased the amount of the loan secured by the Property. The new loan ("Refinanced Loan") was increased to $92.0 million and bears interest at 4.15 percent. The Refinanced Loan matures in December 2024, and requires monthly principal and interest payments of approximately $0.4 million . A final principal payment of approximately $73.0 million is due on December 8, 2024. The Refinanced Loan is secured by the Property under a Mortgage and Security Agreement between the Company and The Northwestern Mutual Life Insurance Company. On January 22, 2013, A&B completed the purchase of Waianae Mall, a 170,300 -square-foot, 10 -building retail center in Leeward Oahu, for $10.1 million in cash and the assumption of a $19.7 million loan (the “Loan”). The Promissory Note for the Loan was secured by a Mortgage, Assignment of Leases and Rents and Security Agreement, bearing interest at 5.39 percent , and requiring monthly payments of principal and interest totaling $0.1 million . A final balloon payment of $18.7 million was paid on June 5, 2015 . The approximate book values of assets used in the Real Estate segments pledged as collateral under the foregoing credit agreements at December 31, 2015 was $237.5 million . The approximate book values of assets used in the Materials and Construction segment pledged as collateral under the foregoing credit agreements at December 31, 2015 was $29.5 million . There were no assets used in the Agribusiness segment that were pledged as collateral.

LEASES - THE COMPANY AS LESSEE

LEASES - THE COMPANY AS LESSEE	12 Months Ended
	Dec. 31, 2015
Leases [Abstract]
LEASES - THE COMPANY AS LESSEE	LEASES—THE COMPANY AS LESSEE Principal non-cancelable operating leases include land, office space, harbors and equipment leased for periods that expire through 2063 . Management expects that in the normal course of business, most operating leases will be renewed or replaced by other similar leases. Rental expense under operating leases totaled $7.2 million , $6.7 million and $4.5 million for 2015 , 2014 and 2013 , respectively. Rental expense for operating leases that provide for future escalations are accounted for on a straight-line basis. Future minimum payments under non-cancelable operating leases were as follows (in millions): Years Ended December 31, Minimum Lease Payments 2016 $ 5.7 2017 5.6 2018 5.0 2019 4.5 2020 4.5 Thereafter 25.2 Total $ 50.5

LEASES - THE COMPANY AS LESSOR

LEASES - THE COMPANY AS LESSOR	12 Months Ended
	Dec. 31, 2015
Leases [Abstract]
LEASES - THE COMPANY AS LESSOR	LEASES—THE COMPANY AS LESSOR The Company leases to third-parties land and buildings under operating leases. The historical cost of, and accumulated depreciation on, leased property at December 31, 2015 and 2014 were as follows (in millions): 2015 2014 Leased property - real estate $ 1,126.8 $ 1,149.9 Less accumulated depreciation (125.9 ) (118.5 ) Property under operating leases - net $ 1,000.9 $ 1,031.4 Total rental income, excluding tenant reimbursements (which totaled $30.2 million , $28.8 million and $24.1 million for the years ended December 31, 2015 , 2014 and 2013 , respectively), under these operating leases was as follows (in millions): Years Ended December 31, 2015 2014 2013 Minimum rentals $ 96.2 $ 89.8 $ 80.5 Contingent rentals (based on sales volume) 4.8 4.7 3.0 Total $ 101.0 $ 94.5 $ 83.5 Future minimum rentals on non-cancelable operating leases at December 31, 2015 were as follows (in millions): Operating Leases 2016 $ 85.0 2017 73.7 2018 61.4 2019 53.2 2020 41.3 Thereafter 282.8 Total $ 597.4

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS The Company has funded single-employer defined benefit pension plans that cover substantially all non-bargaining unit employees and certain bargaining unit employees. In addition, the Company has plans that provide certain retiree health care and life insurance benefits to substantially all salaried and to certain hourly employees. Employees are generally eligible for such benefits upon retirement and completion of a specified number of years of credited service. The Company does not pre-fund these health care and life insurance benefits and has the right to modify or terminate certain of these plans in the future. Certain groups of retirees pay a portion of the benefit costs. Plan Administration, Investments and Asset Allocations: The Company has an Investment Committee that is responsible for the investment and management of the pension plan assets. In 2013, the Company changed its pension plan investment and management approach to a liability-driven investment strategy, which seeks to increase the correlation of the pension plan assets and liabilities to reduce the volatility of the plan's funded status, and over time, improve the funded status of the plan. The adoption of this strategy has resulted in an asset allocation that is weighted more toward fixed income investments, which reduces investment volatility, but also reduces investment returns over time. In connection with the adoption of a liability-driven investment strategy, the Company appointed an investment adviser that directs investments and selects investment options, based on guidelines established by the Investment Committee. The Company’s investment strategy for its pension plan assets is to achieve a diversified mix of investments that balances long-term growth with an acceptable level of risk. The mix of assets includes a fixed income allocation that increases as the plan's funded status improves. The Company’s weighted-average asset allocations at December 31, 2015 and 2014 , and 2015 year-end target allocation, by asset category, were as follows: Target 2015 2014 Domestic equity securities 34 % 34 % 32 % International equity securities 18 % 18 % 15 % Debt securities 36 % 35 % 44 % Alternatives and other 12 % 10 % 6 % Cash — % 3 % 3 % Total 100 % 100 % 100 % The Company’s investments in equity securities primarily include domestic large-cap and mid-cap companies, but also include an allocation to small-cap and international equity securities. Equity investments do not include any direct holdings of the Company’s stock but may include such holdings to the extent that the stock is included as part of certain mutual fund or ETF holdings. Debt securities include investment-grade corporate bonds from diversified industries and U.S. Treasuries. Other types of investments include funds that invest in commercial real estate assets, and to a lesser extent, private equity investments in technology companies. The expected return on plan assets assumption ( 7.10 percent for 2015 ) is principally based on the long-term outlook for various asset class returns, asset mix, the historical performance of the plan assets under the liability-driven investment strategy, and a comparison of the estimated long-term return calculated to the distribution of assumptions adopted by other plans with similar asset mixes. For the years ended December 31, 2015 and 2014, the return on plan assets was (2.79) and 8.12 percent, respectively. Over the long-term, the actual returns have generally exceeded the benchmark returns used by the Company to evaluate performance of its fund managers. The Company’s pension plan assets are held in a master trust and stated at estimated fair value, which is based on the fair values of the underlying investments. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. FASB ASC Topic 820, Fair Value Measurements and Disclosures , as amended, establishes a fair value hierarchy, which requires the pension plans to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The hierarchy places the highest priority on unadjusted quoted market prices in active markets for identical assets or liabilities (Level 1 measurements) and assigns the lowest priority to unobservable inputs (Level 3 measurements). The three levels of inputs within the hierarchy are defined as follows: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2: Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect the pension plans’ own assumptions about the assumptions that market participants would use in pricing an asset or liability. If the technique used to measure fair value includes inputs from multiple levels of the fair value hierarchy, the lowest level of significant input determines the placement of the entire fair value measurement in the hierarchy. Equity Securities: Domestic and international common stocks are valued by obtaining quoted prices on recognized and highly liquid exchanges. Exchange-Traded Funds (ETF) : ETFs are valued by obtaining quoted prices on recognized and highly liquid exchanges. Fixed Income Securities: Corporate bonds and U.S. government treasury and agency securities are valued based upon the closing price reported in the market in which the security is traded. U.S. government agency, corporate asset-backed securities, and mortgage securities may utilize models, such as a matrix pricing model, that incorporates other observable inputs such as cash flow, security structure, or market information, when broker/dealer quotes are not available. Private Equity Fund and Insurance Contract Interests: The fair value of underlying investments in private equity assets is determined based on one or more valuation techniques, such as the market or income valuation approach, utilizing information provided by the general partner and taking into consideration the purchase price of the underlying securities, developments concerning the investee company subsequent to the acquisition of the investment, financial data and projections of the investee company provided to the general partner, illiquidity and non-transferability, and such other factors as the general partner deems relevant. Insurance contract interests consist of investments in group annuity contracts, which are valued based on the present value of expected future payments. The fair values of the Company’s pension plan assets at December 31, 2015 and 2014 , by asset category, are as follows (in millions): Fair Value Measurements as of December 31, 2015 Total Quoted Prices in Active Markets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Asset Category Cash $ 3.8 $ 3.8 $ — $ — Equity securities: Domestic 16.7 16.7 — — Domestic exchange-traded funds 33.1 33.1 — — International 18.6 18.6 — — International and emerging markets exchange-traded funds 7.2 7.2 — — Fixed income securities: U.S. Treasury obligations 17.1 17.1 — — Domestic corporate bonds and notes 31.6 — 31.6 — Foreign corporate bonds 3.1 — 3.1 — Other types of investments: Limited partnership interest in private equity fund 0.2 — — 0.2 Exchange-traded global real estate securities 11.2 11.2 Insurance contracts 0.2 — — 0.2 Exchange-traded commodity fund 2.7 2.7 — — Other receivables 0.7 0.7 — — Total $ 146.2 $ 111.1 $ 34.7 $ 0.4 Fair Value Measurements as of December 31, 2014 Total Quoted Prices in Active Markets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Asset Category Cash $ 3.5 $ 3.5 $ — $ — Equity securities: Domestic 18.2 18.2 — — Domestic exchange-traded funds 33.0 33.0 International 9.8 9.7 0.1 — International and emerging markets exchange-traded funds 14.9 14.9 Fixed income securities: U.S. Treasury obligations 24.7 24.7 — — Domestic corporate bonds and notes 40.9 — 40.9 — Foreign corporate bonds 5.4 — 5.4 — Other types of investments: Limited partnership interest in private equity fund 0.3 — — 0.3 Exchange-traded global real estate fund 5.1 5.1 — — Insurance contracts 1.4 — — 1.4 Exchange-traded commodity fund 2.8 2.8 — — Other receivables 0.8 0.8 — — Total $ 160.8 $ 112.7 $ 46.4 $ 1.7 The table below presents a reconciliation of all pension plan investments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the years ended December 31, 2015 and 2014 (in millions): Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Real Estate Private Equity Insurance Limited Partnership Total Beginning balance, January 1, 2014 $ 7.5 $ 0.3 $ 1.0 $ 6.4 $ 15.2 Actual return on plan assets: Assets held at the reporting date — — 0.4 — 0.4 Assets sold during the period — — — — — Purchases, sales and settlements (7.5 ) — — (6.4 ) (13.9 ) Ending balance, December 31, 2014 — 0.3 1.4 — 1.7 Actual return on plan assets: Assets held at the reporting date — (0.1 ) 0.1 — — Assets sold during the period — — (1.3 ) — (1.3 ) Ending balance, December 31, 2015 $ — $ 0.2 $ 0.2 $ — $ 0.4 Contributions are determined annually for each plan by the Company’s pension Administrative Committee, based upon the actuarially determined minimum required contribution under the Employee Retirement Income Security Act of 1974, as amended, the Pension Protection Act of 2006 (the “Act”), and the maximum deductible contribution allowed for tax purposes. In 2015 , 2014 and 2013 , the Company contributed approximately $2.6 million , $5.7 million , and $0.1 million , respectively, to its defined benefit pension plans. The Company’s funding policy is to contribute cash to its pension plans so that it meets at least the minimum contribution requirements. For the plans covering employees who are members of collective bargaining units, the benefit formulas are determined according to the collective bargaining agreements, either using career average pay as the base or a flat dollar amount per year of service. In 2007, the Company changed the traditional defined benefit pension plan formula for new non-bargaining unit employees hired after January 1, 2008 and, replaced it with a cash balance defined benefit pension plan formula. Subsequently, effective January 1, 2012, the Company changed the benefits under its traditional defined benefit plans for non-bargaining unit employees hired before January 1, 2008 and, replaced the benefit with the same cash balance defined benefit pension plan formula provided to those employees hired after January 1, 2008. Retirement benefits under the cash balance pension plan formula are based on a fixed percentage of employee eligible compensation, plus interest. The plan interest credit rate will vary from year-to-year based on the 10-year U.S. Treasury rate . Benefit Plan Assets and Obligations: The measurement date for the Company’s benefit plan disclosures is December 31 of each year. The status of the funded defined benefit pension plan and the unfunded accumulated post-retirement benefit plans at December 31, 2015 and 2014 are shown below (in millions): Pension Benefits Other Post-retirement Benefits 2015 2014 2015 2014 Change in Benefit Obligation Benefit obligation at beginning of year $ 204.4 $ 175.4 $ 12.0 $ 12.9 Service cost 3.1 2.6 0.1 0.1 Interest cost 8.0 8.3 0.5 0.6 Plan participants’ contributions — — 0.9 0.8 Actuarial (gain) loss (8.9 ) 29.7 0.4 (0.7 ) Benefits paid (12.0 ) (11.6 ) (1.8 ) (1.7 ) Conversion of guaranteed annuity contract (0.4 ) — — — Curtailment — — 0.1 — Amendments 0.4 — — — Benefit obligation at end of year $ 194.6 $ 204.4 $ 12.2 $ 12.0 Change in Plan Assets Fair value of plan assets at beginning of year 160.8 153.4 — — Actual return on plan assets (4.8 ) 13.3 — — Employer contributions 2.6 5.7 0.8 0.9 Participant contributions — — 0.9 0.8 Conversion of guaranteed annuity contract (0.4 ) — — — Benefits paid (12.0 ) (11.6 ) (1.8 ) (1.7 ) Other — — 0.1 — Fair value of plan assets at end of year $ 146.2 $ 160.8 $ — $ — Funded Status and Recognized Liability $ (48.4 ) $ (43.6 ) $ (12.2 ) $ (12.0 ) The accumulated benefit obligation for the Company’s qualified pension plans was $193.7 million and $203.2 million as of December 31, 2015 and 2014 , respectively. Amounts recognized on the consolidated balance sheets and in accumulated other comprehensive loss at December 31, 2015 and 2014 were as follows (in millions): Pension Benefits Other Post-retirement Benefits 2015 2014 2015 2014 Current liabilities — — (0.9 ) (0.8 ) Non-current liabilities (48.4 ) (43.6 ) (11.3 ) (11.2 ) Total $ (48.4 ) $ (43.6 ) $ (12.2 ) $ (12.0 ) Net loss (net of taxes) $ 47.3 $ 47.3 $ 0.6 $ 0.5 Unrecognized prior service credit (net of taxes) (2.6 ) (3.4 ) — — Total $ 44.7 $ 43.9 $ 0.6 $ 0.5 The information for qualified pension plans with an accumulated benefit obligation in excess of plan assets at December 31, 2015 and 2014 is shown below (in millions): 2015 2014 Projected benefit obligation $ 194.6 $ 204.4 Accumulated benefit obligation $ 193.7 $ 203.2 Fair value of plan assets $ 146.2 $ 160.8 The estimated prior service credit for the defined benefit pension plans that will be amortized from accumulated other comprehensive loss into net periodic benefit cost in 2016 is $0.7 million . The estimated net loss that will be recognized in net periodic pension cost for the defined benefit pension plans in 2016 is $7.0 million . The estimated net loss for the other defined benefit post-retirement plans that will be amortized from accumulated other comprehensive loss into net periodic pension cost in 2016 is $0.2 million . The estimated prior service cost for the other defined benefit post-retirement plans that will be amortized from accumulated other comprehensive loss into net periodic pension cost in 2016 is negligible. Unrecognized gains and losses of the post-retirement benefit plans are amortized over five years . Although current health costs are expected to increase, the Company attempts to mitigate these increases by maintaining caps on certain of its benefit plans, using lower cost health care plan options where possible, requiring that certain groups of employees pay a portion of their benefit costs, self-insuring for certain insurance plans, encouraging wellness programs for employees, and implementing measures to mitigate future benefit cost increases. Components of the net periodic benefit cost and other amounts recognized in other comprehensive loss for the defined benefit pension plans and the post-retirement health care and life insurance benefit plans during 2015 , 2014 , and 2013 , are shown below (in millions): Pension Benefits Other Post-retirement Benefits 2015 2014 2013 2015 2014 2013 Components of Net Periodic Benefit Cost Service cost $ 3.1 $ 2.6 $ 2.6 $ 0.1 $ 0.1 $ 0.1 Interest cost 8.0 8.3 7.6 0.5 0.6 0.4 Expected return on plan assets (11.1 ) (10.7 ) (10.9 ) — — — Amortization of net loss 6.9 4.0 7.7 0.1 0.3 (0.2 ) Amortization of prior service cost (0.8 ) (0.8 ) (0.8 ) — — — Curtailment (gain)/loss — — — 0.1 — (0.5 ) Net periodic benefit cost 6.1 3.4 6.2 0.8 1.0 (0.2 ) Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss) Net loss (gain) $ 7.0 $ 27.1 $ (24.7 ) $ 0.4 $ (0.6 ) $ 3.0 Amortization of unrecognized gain (loss) (6.9 ) (4.0 ) (7.7 ) (0.1 ) (0.3 ) 0.2 Amortization of prior service credit 0.8 0.8 0.8 — — — Prior service cost 0.4 — — — — — Total recognized in other comprehensive income 1.3 23.9 (31.6 ) 0.3 (0.9 ) 3.2 Total recognized in net periodic benefit cost and other comprehensive income $ 7.4 $ 27.3 $ (25.4 ) $ 1.1 $ 0.1 $ 3.0 The weighted average assumptions used to determine benefit information during 2015 , 2014 and 2013 were as follows: Pension Benefits Other Post-retirement Benefits 2015 2014 2013 2015 2014 2013 Weighted Average Assumptions: Discount rate 4.50 % 4.00 % 4.90 % 4.50 % 4.10 % 4.90 % Expected return on plan assets 7.10 % 7.10 % 8.00 % — % — % — % Rate of compensation increase 0.5%-3% 0.5%-3% 3.00 % 0.5%-3% 3.00 % 3.00 % Initial health care cost trend rate 7.00 % 7.30 % 7.50 % Ultimate rate 4.50 % 4.50 % 4.50 % Year ultimate rate is reached 2037 2028 2028 If the assumed health care cost trend rate were increased or decreased by one percentage point, the accumulated post-retirement benefit obligation, as of December 31, 2015 , 2014 and 2013 and the net periodic post-retirement benefit cost for 2015 , 2014 and 2013 , would have increased or decreased as follows (in millions): Other Post-retirement Benefits One Percentage Point Increase Decrease 2015 2014 2013 2015 2014 2013 Effect on total of service and interest cost components $ 0.1 $ 0.1 $ — $ — $ (0.1 ) $ — Effect on post-retirement benefit obligation $ 1.1 $ 1.1 $ 1.2 $ (0.9 ) $ (0.9 ) $ (1.0 ) Non-qualified Benefit Plans: The Company has non-qualified supplemental pension plans covering certain employees and retirees, which provide for incremental pension payments from the Company’s general funds so that total pension benefits would be substantially equal to amounts that would have been payable from the Company’s qualified pension plans if it were not for limitations imposed by income tax regulations. The obligations relating to these plans totaled $7.1 million at December 31, 2015 . A 3.9 percent discount rate was used to determine the 2015 obligation. The expense associated with the non-qualified plans was $0.1 million in 2015 , $0.1 million in 2014 , and $0.1 million in 2013 . As of December 31, 2015 , the amount recognized in accumulated other comprehensive income for unrecognized loss, net of tax, was approximately $1.6 million , and the amount recognized as unrecognized prior service credit, net of tax, was ($1.6) million . The estimated net loss and prior service (credit), net of tax, that will be recognized in net periodic pension cost in 2015 is $0.2 million . Estimated Benefit Payments: The estimated future benefit payments for the next ten years are as follows (in millions): Pension Non-qualified Post-retirement Year Benefits Plan Benefits Benefits 2016 $ 11.5 $ 4.2 $ 1.0 2017 $ 11.7 $ 0.1 $ 1.0 2018 $ 11.9 $ 1.0 $ 1.0 2019 $ 12.1 $ 0.1 $ 1.0 2020 $ 12.4 $ — $ 0.9 2021-2025 $ 64.0 $ 2.6 $ 3.9 Current liabilities of approximately $5.1 million , related to non-qualified plan and post-retirement benefits, are classified as accrued and other liabilities in the consolidated balance sheet as of December 31, 2015 . Multiemployer Plans: Grace and certain subsidiaries contribute to a number of multiemployer defined benefit pension plans under the terms of collective-bargaining agreements that cover its union-represented employees. The risks of participating in these multiemployer plans are different from single-employer plans in the following aspects: a. Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers. b. If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers. c. If the Company chooses to stop participating in some of its multiemployer plans, the Company may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability. The Company's participation in these plans for the year ended December 31, 2015 , is outlined in the table below. The "EIN Pension Plan Number" column provides the Employee Identification Number (EIN) and the 3-digit plan number, if applicable. The most recent Pension Protection Act (PPA) zone status available in 2015 is for the plan's year-end as of December 31, 2014 , for the Pension Trust Fund for Operating Engineers Pension Plan and Laborer's National (Industrial) Pension Fund. The zone status available for 2015 for the Hawaii Laborers Trust Funds is for the plan year-end as of February 28, 2015 . GP Roadway Solutions, Inc. and GP/RM Prestress, LLC have separate contracts and different expiration dates with the Hawaii Laborers Trust Fund. The zone status is based on information that the Company received from the plan and is certified by the plan's actuary. Among other factors, plans that are less than 65 percent funded are "red zone" plans in need of reorganization; plans between 65 percent and 80 percent funded or that have an accumulated funding deficiency or are expected to have a deficiency in any of the next six years are "yellow zone" plans; plans that meet both of the "yellow zone" criteria are "orange zone" plans; and if the plan is funded more than 80 percent, it is a "green zone" plan. The "FIP/RP Status Pending/Implemented" column indicates plans for which a financial improvement plan (FIP) or a rehabilitation plan (RP) is either pending or has been implemented. The last column lists the expiration dates of the collective-bargaining agreements to which the plans are subject. There were no plans where the Company contributed more than 5 percent of the total contributions. Pension Protection Act Zone Status FIP/RP Status Contribution by Entity Contribution by Entity Surcharge Imposed Expiration Date Current Plan Year End EIN Plan No. 2015 and 2014 Pending/Implemented Jan. 1 - Dec. 31, 2015 Jan. 1 - Dec. 31, 2014 Fund Operating Engineers 94-6090764; 001 Red Yes $ 4.6 $ 4.3 No 9/2/19 12/31/15 Laborers National 52-6074345; 001 Red Yes 0.1 0.1 No 8/31/18 12/31/15 Hawaii Laborers 99-6025107; 001 Green No 0.8 0.5 No 8/31/19 2/28/15 Hawaii Laborers 99-6025107; 001 Green No 0.2 0.1 No 9/30/19 2/28/15 $ 5.7 $ 5.0 Defined Contribution Plans : The Company sponsors defined contribution plans that qualify under Section 401(k) of the Internal Revenue Code and provides matching contributions of up to 3 percent of eligible employee compensation. The Company’s matching contributions expensed under these plans totaled $0.7 million in each of the years ended December 31, 2015 and 2014 . The Company also maintains profit sharing plans, and if a minimum threshold of Company performance is achieved, provides contributions of 1 to 5 percent , depending upon Company performance above the minimum threshold. In 2015 , 2014 and 2013, the profit sharing contribution expense was zero , $0.6 million and $0.9 million , respectively. Grace 401(k) Plans : The Company allows for discretionary non-elective employer contributions up to the sum of 10 percent of each eligible employee's compensation for the 12 months in the plan year, subject to certain limitations. Management incentives and/or profit sharing bonuses can be deferred to the employee's 401(k) account, but will be subject to the IRS' annual limit on employee elective deferrals. For the year ended December 31, 2015 , Grace recognized discretionary employer contributions and profit sharing expense of approximately $2.0 million .

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The income tax expense (benefit) on income from continuing operations for each of the three years in the period ended December 31, 2015 consisted of the following (in millions): 2015 2014 2013 Current: Federal $ 0.8 $ 11.2 $ 17.1 State (1.2 ) 2.8 2.1 Current (0.4 ) 14.0 19.2 Deferred: Federal 14.6 (7.8 ) (5.7 ) State 2.3 (7.6 ) (2.4 ) Deferred 16.9 (15.4 ) (8.1 ) Income tax expense (benefit) $ 16.5 $ (1.4 ) $ 11.1 Income tax expense (benefit) for 2015 , 2014 and 2013 differs from amounts computed by applying the statutory federal rate to income from continuing operations before income taxes for the following reasons (in millions): 2015 2014 2013 Computed federal income tax expense $ 16.6 $ 10.1 $ 8.3 State income taxes 0.7 (4.1 ) 1.0 Non-deductible transaction costs — — 1.6 Charitable contribution — — (0.2 ) Federal solar tax credits — (11.3 ) — Other—net (0.8 ) 3.9 0.4 Income tax expense (benefit) $ 16.5 $ (1.4 ) $ 11.1 The effective income tax rate for the year ended December 31, 2015 was lower than the statutory rate due primarily to various state tax credits. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31 of each year are as follows (in millions): 2015 2014 Deferred tax assets: Employee benefits $ 37.1 $ 30.7 Capitalized costs 22.4 21.9 Joint ventures and other investments 4.3 19.0 Impairment and amortization 7.8 6.7 Insurance and other reserves 5.9 4.2 Solar investment benefits* 9.0 4.9 Other 5.7 9.8 Total deferred tax assets $ 92.2 $ 97.2 Deferred tax liabilities: Property (including tax-deferred gains on real estate transactions) $ 279.3 $ 271.8 Straight-line rental income and advanced rent 9.0 8.4 Other 6.0 2.7 Total deferred tax liabilities 294.3 282.9 Net deferred tax liability $ 202.1 $ 185.7 * Certain investment tax credits do not expire under state law and may be carried forward indefinitely. The Company’s income taxes payable has been reduced by the tax benefits from share-based compensation. The Company receives an income tax benefit for exercised stock options calculated as the difference between the fair market value of the stock issued at the time of exercise and the option exercise price, tax-effected. The Company also receives an income tax benefit for restricted stock units when they vest, measured as the fair market value of the stock issued at the time of vesting, tax effected. The net tax benefits from share-based transactions were $1.7 million and $1.3 million for 2015 and 2014 , respectively, and the portion of the tax benefit related to the excess of the amount reported as the tax deduction over expense was reflected as an increase to equity in the accompanying consolidated statements of equity. Subsequent to the separation from Matson, Inc. (formerly "Alexander & Baldwin Holding, Inc.") on June 30, 2012, the Company began reporting as a separate taxpayer. Upon separation, the Company’s unrecognized tax benefits were reflected on Matson Inc.’s (“Matson”) financial statements because Matson is considered the successor parent to the former Alexander & Baldwin, Inc. affiliated tax group. In connection with the separation, the Company entered into a Tax Sharing Agreement with Matson. As of December 31, 2015 , the Company's liability for the indemnity to Matson in the event the Company’s pre-separation unrecognized tax benefits are not realized was $0.1 million . As of December 31, 2015 , the Company has not identified any material unrecognized tax positions. In July 2014, the Company invested $23.8 million in KRS II, an entity that owns and operates a 12 -megawatt solar farm in Koloa, Kauai. The Company accounts for its investment in KRS II under the equity method. The investment return from the Company's investment in KRS II is principally composed of federal and state tax benefits, including tax credits. These tax credits are accounted for using the flow-through method, which reduces the provision for income taxes in the year the tax credits first become available. The total KRS II net tax benefits that the Company recognized for book purposes in 2014 was approximately $13.7 million . As tax benefits are realized over the life of the investment, the Company recognizes a non-cash reduction to the carrying amount of its investment in KRS II. For the year ended December 31, 2015 and 2014, the Company recorded a net, non-cash reduction of $2.6 million and $14.7 million (net of earnings from the investment), respectively, in Other income (expense) in the accompanying consolidated statements of income. The Company expects that future reductions to its investment in KRS II will be recognized as tax benefits are realized. The Company is subject to taxation by the United States and various state and local jurisdictions. As of December 31, 2015 , the Company’s tax years 2012, 2013 and 2014 are open to examination by the tax authorities. In addition, tax year 2012, for which the Company was included in the consolidated tax group with Matson, is open to examination by the tax authorities in the Company’s material jurisdictions. In addition, the 2011 tax year is also open to examination by California. The 2012 tax return for the Company on a standalone basis and the 2012 tax return for which the Company was included in the consolidated tax group with Matson is currently under examination by the Internal Revenue Service.

SHARE-BASED AWARDS

SHARE-BASED AWARDS	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE-BASED AWARDS	SHARE-BASED AWARDS 2012 Incentive Compensation Plan (“2012 Plan”): The 2012 Incentive Compensation Plan allows for the granting of stock options, restricted stock units and common stock. Under the 2012 Plan, 4.3 million shares of common stock were initially reserved for issuance, and as of December 31, 2015 , 1.3 million shares of the Company’s common stock remained available for future issuance, which is reflective of a 2.7 million share reduction for outstanding equity awards replaced when the Company separated from Matson. The shares of common stock authorized to be issued under the 2012 Plan may be drawn from the shares of the Company’s authorized but unissued common stock or from shares of its common stock that the Company acquires, including shares purchased on the open market or private transactions. The 2012 Plan consists of four separate incentive compensation programs: (i) the discretionary grant program, (ii) the stock issuance program, (iii) the incentive bonus program and (iv) the automatic grant program for the non-employee members of the Company’s Board of Directors. Share-based compensation is generally awarded under three of the four programs, as more fully described below. Discretionary Grant Program: Under the Discretionary Grant Program, stock options may be granted with an exercise price no less than 100 percent of the fair market value (defined as the closing market price) of the Company’s common stock on the date of the grant. Options generally become exercisable ratably over three years and have a maximum contractual term of 10 years. There were no option grants in 2015 and 2014 , and the Company currently does not expect to issue options in the future. Stock Issuance Program: Under the Stock Issuance Program, shares of common stock or restricted stock units may be granted. Equity awards granted may be designated as time-based or performance-based. Automatic Grant Program: At each annual shareholder meeting, non-employee directors will receive an award of restricted stock units that entitle the holder to an equivalent number of shares of common stock upon vesting. Awards of restricted stock units granted under the program generally vest ratably over three years. Activity in the Company’s stock option plans in 2015 was as follows (in thousands, except weighted average exercise price and weighted average contractual life): 2012 Plan Weighted Average Exercise Price Weighted Average Contractual Life Aggregate Intrinsic Value Outstanding, January 1, 2015 1,124.6 $18.84 Exercised (26.0 ) $20.13 Outstanding, December 31, 2015 1,098.6 $18.81 3.6 $18,235 Vested or expected to vest 1,098.6 $18.81 3.6 $18,235 Exercisable, December 31, 2015 1,098.6 $18.81 3.6 $18,235 The following table summarizes 2015 non-vested restricted stock unit activity (in thousands, except weighted average grant-date fair value amounts): 2012 Plan Restricted Stock Units Weighted Average Grant-Date Fair Value Outstanding, January 1, 2015 279.0 $33.76 Granted 124.7 $40.85 Vested (106.4 ) $31.58 Canceled (25.4 ) $35.14 Outstanding, December 31, 2015 271.9 $37.74 A portion of the restricted stock unit awards are time-based awards that vest ratably over three years . The remaining portion of the awards represents market-based awards that cliff vest after two or three years , provided that the total shareholder return of the Company’s common stock over the relevant period meets or exceeds pre-defined levels of relative total shareholder returns of the Standard & Poor’s MidCap 400 Index and the Russell 2000 index. The fair value of the Company’s time-based awards is determined using the Company's stock price on the date of grant. The fair value of the Company's market-based awards is estimated using the Company's stock price on the date of grant and the probability of vesting using a Monte Carlo simulation with the following weighted average assumptions: 2015 2014 Volatility of A&B common stock 29.5 % 25.4 % Average volatility of peer companies 34.2 % 27.3 % Risk-free interest rate 0.70 % 0.37 % The weighted average fair value of the time-based restricted units and market-based performance share units was $40.85 in 2015 and $39.38 in 2014 . No compensation cost is recognized for estimated or actual forfeitures of time-based or market-based awards if an employee is terminated prior to rendering the requisite service period. The tax benefit realized upon vesting was immaterial for each of the years ended December 31, 2015, 2014 and 2013. A summary of compensation cost related to share-based payments is as follows (in millions): 2015 2014 2013 Share-based expense (net of estimated forfeitures): Stock options $ — $ 0.3 $ 0.7 Incremental share-based compensation cost related to separation — 0.2 0.5 Time-based and market-based restricted stock units 4.6 4.4 3.0 Total share-based expense 4.6 4.9 4.2 Total recognized tax benefit (1.2 ) (1.5 ) (1.3 ) Share-based expense (net of tax) $ 3.4 $ 3.4 $ 2.9 Cash received upon option exercise $ 0.5 $ 4.5 $ 7.6 Intrinsic value of options exercised $ 0.5 $ 5.4 $ 6.7 Tax benefit realized upon option exercise $ 0.2 $ 2.0 $ 2.5 Fair value of stock vested $ 4.2 $ 2.6 $ 5.2

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Commitments, Guarantees and Contingencies: Commitments and financial arrangements not recorded on the Company's consolidated balance sheet, excluding lease commitments that are disclosed in Note 9, included the following as of December 31, 2015 (in millions): Standby letters of credit (a) $ 11.8 Bonds (b) $ 405.0 (a) Consists of standby letters of credit, issued by the Company’s lenders under the Company’s revolving credit facilities, and relate primarily to the Company’s real estate activities. In the event the letters of credit are drawn upon, the Company would be obligated to reimburse the issuer of the letter of credit. None of the letters of credit has been drawn upon to date, and the Company believes it is unlikely that any of these letters of credit will be drawn upon. (b) Represents bonds related to construction and real estate activities in Hawaii. Approximately $381.3 million is related to construction bonds issued by third party sureties (bid, performance and payment bonds) and the remainder is related to commercial bonds issued by third party sureties (permit, subdivision, license and notary bonds). In the event the bonds are drawn upon, the Company would be obligated to reimburse the surety that issued the bond. None of the bonds has been drawn upon to date, and the Company believes it is unlikely that any of these bonds will be drawn upon. Indemnity Agreements: For certain real estate joint ventures, the Company may be obligated under bond indemnities to complete construction of the real estate development if the joint venture does not perform. These indemnities are designed to protect the surety in exchange for the issuance of surety bonds that cover construction activities, such as project amenities, roads, utilities, and other infrastructure, at its joint ventures. Under the indemnities, the Company and its joint venture partners agree to indemnify the surety bond issuer from all losses and expenses arising from the failure of the joint venture to complete the specified bonded construction. The maximum potential amount of aggregate future payments is a function of the amount covered by outstanding bonds at the time of default by the joint venture, reduced by the amount of work completed to date. The recorded amounts of the indemnity liabilities were not material. Other Obligations: Certain of the real estate businesses in which the Company holds a noncontrolling interest have long-term debt obligations. One of the Company’s joint ventures had a $10 million loan that was scheduled to mature in August 2015 . As a condition to providing the loan to the joint venture, the lender required that the Company and its joint venture partner guarantee certain obligations of the joint venture under a maintenance agreement. The maintenance agreement specified that the Company and its joint venture partner make payments to the lender to the extent that the loan-to-value measure or debt service ratio of the property held by the joint venture were below pre-determined thresholds. On September 26, 2014, the joint venture sold the commercial property and paid off the remaining balance on the loan, which terminated the Company's guaranty. The Company's share of the gain on the sale of the commercial property was not material. The Company is a guarantor of indebtedness for certain of its unconsolidated joint ventures' borrowings with third party lenders, relating to the repayment of construction loans and performance of construction for the underlying project. As of December 31, 2015, the Company's limited guarantees on indebtedness totaled $12.3 million related to five of its unconsolidated joint ventures. The Company has not incurred any significant historical losses related to guarantees on its joint venture indebtedness. In July 2014, the Company invested $23.8 million in a tax equity investment related to the construction and operation of a 12-megawatt solar farm on Kauai. The Company recovers its investment primarily through tax credits and tax benefits. In connection with this investment, the Company provided a contingent $6 million guaranty of KRS II project debt. The other equity partner and managing member of KRS II, project sponsor and customer for the output of the facility, Kauai Island Utility Cooperative, is the primary guarantor of the project debt. Other than obligations described above and those described in Notes 5 and 8, obligations of the Company’s joint ventures do not have recourse to the Company and the Company’s “at-risk” amounts are limited to its investment. Legal Proceedings and Other Contingencies: A&B owns 16,000 acres of watershed lands in East Maui that supply a significant portion of the irrigation water used by Hawaiian Commercial & Sugar Company (“HC&S”), a division of A&B that produces raw sugar. A&B also held four water licenses to another 30,000 acres owned by the State of Hawaii in East Maui which, over the last ten years , have supplied approximately 56 percent of the irrigation water used by HC&S. The last of these water license agreements expired in 1986, and all four agreements were then extended as revocable permits that were renewed annually. In 2001, a request was made to the State Board of Land and Natural Resources (the “BLNR”) to replace these revocable permits with a long-term water lease. Pending the conclusion by the BLNR of this contested case hearing on the request for the long-term lease, the BLNR has kept the existing permits on a holdover basis. Three parties filed a lawsuit on April 10, 2015 (the “4/10/15 Lawsuit”) alleging that the BLNR has been renewing the revocable permits annually rather than keeping them in holdover status. The lawsuit asks the court to void the revocable permits and to declare that the renewals were illegally issued without preparation of an environmental assessment (“EA”). In December 2015, the BLNR decided to re-affirm its prior decisions to keep the permits in holdover status. This decision by the BLNR is being challenged by the three parties. In January 2016, the court in the 4/10/15 Lawsuit ruled that the renewals were not subject to the EA requirement but that the BLNR lacked legal authority to keep the revocable permits in holdover status beyond one year. The court has allowed the parties to take an immediate appeal of this ruling. In addition, on May 24, 2001, petitions were filed by a third party, requesting that the Commission on Water Resource Management of the State of Hawaii ("Water Commission") establish interim instream flow standards ("IIFS") in 27 East Maui streams that feed the Company’s irrigation system. The Water Commission initially took action on the petitions in 2008 and 2010, but the petitioners requested a contested case hearing to challenge the Water Commission's decisions on certain petitions. The Water Commission denied the contested case hearing request, but the petitioners successfully appealed the denial to the Hawaii Intermediate Court of Appeals, which ordered the Water Commission to grant the request. The Commission then authorized the appointment of a hearings officer for the contested case hearing and expanded the scope of the contested case hearing to encompass all 27 petitions for amendment of the IIFS for East Maui streams in 23 hydrologic units. The evidentiary phase of the hearing before the Commission-appointed hearings officer was completed on April 2, 2015. On January 15, 2016, the Commission-appointed hearings officer issued his recommended decision on the petitions. The recommended decision would restore water to streams in 11 of the 23 hydrologic units. A final decision on the petitions from the Commission is not expected until at least the second quarter of 2016. If the Company is not permitted to use sufficient quantities of stream waters, it would have a material adverse effect on the Company's sugar-growing operations in 2016 and the Company's pursuit of a diversified agricultural model in subsequent years. In January 2013, the Environmental Protection Agency (“EPA”) finalized nationwide standards for controlling hazardous air pollutant emissions from industrial, commercial, institutional boilers and process heaters (the “Boiler MACT” rule), which apply to HC&S’s three boilers at the Puunene Sugar Mill. Compliance with the Boiler MACT rule was January 2016, with full compliance required by July 2016. The Company anticipates that the Puunene Mill boilers will meet all applicable compliance deadlines and that the remaining compliance costs will be less than $250,000 , based on available information. The Company is currently implementing strategies for achieving full compliance with the new regulations and is assessing whether the announced end to sugar operations may impact some compliance requirements. Although the EPA has finalized its reconsideration of the rule, there remains some uncertainty as to final requirements pending the outcome of ongoing litigation. Any resulting changes to the Boiler MACT rule could impact the Company’s compliance requirements. On June 24, 2014, the Hawaii State Department of Health (“DOH”) Clean Air Branch issued a Notice and Finding of Violation and Order (“NFVO”) to HC&S alleging various violations relating to the operation of HC&S’s three boilers at its sugar mill. The DOH reviewed a 5 -year period (2009-2013) and alleged violations relating primarily to periods of excess visible emissions and operation of the wet scrubbers installed to control particulate matter emissions from the boiler stacks. All incidents included in the NFVO were self-reported by HC&S to the DOH prior to the DOH’s review, and there is no indication that these deviations resulted in any violation of health-based air quality standards. The NFVO includes an administrative penalty of $1.3 million , which HC&S has contested. The Company is unable to predict, at this time, the outcome or financial impact of the NFVO but does not believe that the financial impact of the NFVO will be material to its financial position, cash flows or results of operations. On July 1, 2015, a lawsuit was filed against the State of Hawaii and the Director of the Department of Health, alleging that the sugar cane burning permits issued by the State to HC&S were unlawfully issued, and seeking an injunction against the burning of cane. On July 6, 2015, the plaintiffs added the Company as a defendant. If the Company is not permitted or is substantially limited in its ability to burn sugar cane, this would have a material adverse effect on the Company's sugar operations in 2016. The Company will vigorously defend itself in this matter. A&B and its subsidiaries are parties to, or may be contingently liable in connection with, other legal actions arising in the normal conduct of its businesses, the outcomes of which, in the opinion of management after consultation with counsel, would not be expected to have a material effect on A&B’s financial position, cash flows or results of operations.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	12 Months Ended
	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS The Company is exposed to interest rate risk related to its variable interest debt. The Company balances its cost of debt and exposure to interest rates primarily through its mix of fixed and variable rate debt. From time to time, the Company may use interest rate swaps to manage its exposure to interest rate risk. As of December 31, 2015 , the Company had a gross notional amount of $18.8 million related to interest rate swaps that were assumed in connection with prior acquisitions, in which the floating rates are swapped for fixed rates. The table below presents the fair value of derivative financial instruments, which are included in Other non-current liabilities in the consolidated balance sheets (in millions): As of December 31, Classified in Other non-current liabilities 2015 2014 Interest rate swap liability - floating to fixed rate $ 2.5 $ 2.9 The Company recorded $0.4 million income and $0.1 million of expense during 2015 and 2014 , respectively, related to the change in fair value of the interest rate swaps in Interest income and other in the accompanying consolidated statements of income.

EARNINGS PER SHARE "EPS"

EARNINGS PER SHARE "EPS"	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE ''EPS''	EARNINGS PER SHARE "EPS" Basic earnings per common share excludes dilution and is calculated by dividing net earnings allocated to common shares by the weighted-average number of common shares outstanding for the period. Diluted earnings per common share is calculated by dividing net earnings allocated to common shares by the weighted-average number of common shares outstanding for the period, as adjusted for the potential dilutive effect of non-participating share-based awards. The following table provides a reconciliation of income from continuing operations to income from continuing operations available to A&B shareholders (in millions): 2015 2014 2013 Income from continuing operations, net of tax $ 31.1 $ 30.2 $ 12.5 Less: Noncontrolling interest (1.5 ) (3.1 ) (0.5 ) Income from continuing operations attributable to A&B shareholders, net of tax 29.6 27.1 12.0 Less: Undistributed earnings allocated to redeemable noncontrolling interest (3.1 ) — — Income from continuing operations available to A&B shareholders, net of tax 26.5 27.1 12.0 Income from discontinued operations available to A&B shareholders, net of tax — 34.3 22.3 Net income available to A&B shareholders $ 26.5 $ 61.4 $ 34.3 The number of shares used to compute basic and diluted earnings per share is as follows (in millions): 2015 2014 2013 Denominator for basic EPS - weighted average shares outstanding 48.9 48.7 44.4 Effect of dilutive securities: Non-participating stock options and restricted stock unit awards 0.4 0.6 0.7 Denominator for diluted EPS - weighted average shares outstanding 49.3 49.3 45.1 Basic earnings per share is computed based on the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed based on the weighted-average number of common shares outstanding adjusted by the number of additional shares, if any, that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive shares of common stock include non-qualified stock options, time-based restricted stock units, and market-based performance share units. During the years ended December 31, 2015 , 2014 and 2013 , there were no anti-dilutive securities outstanding. In January 2016, the Company granted to employees 86,739 shares of time-based restricted stock units, and 48,581 shares of market-based performance share units. The time-based restricted stock units vest ratably over 3 years and the performance share units cliff vest over 3 years , provided that the minimum level of the 3 -year performance objectives is achieved.

REDEEMABLE NONCONTROLLING INTER

REDEEMABLE NONCONTROLLING INTEREST	12 Months Ended
	Dec. 31, 2015
Noncontrolling Interest [Abstract]
REDEEMABLE NONCONTROLLING INTEREST	REDEEMABLE NONCONTROLLING INTEREST The Company has a 70 percent ownership interest in GLP that was acquired in connection with the acquisition of Grace Pacific LLC. In 2015, the Company reclassified the noncontrolling interest of GLP to mezzanine equity in the accompanying balance sheet, as it is redeemable at the option of the holder. The impact of the redemption feature on prior periods was not material. The redeemable noncontrolling interest of GLP is recorded at the greater of (i) the initial carrying amount, increased or decreased for the noncontrolling interest's share of net income or loss and distributions or (ii) the redemption value, which is derived from a specified formula. Due to an increase in the calculated redemption value as a result of increased GLP earnings, adjustments to the redeemable noncontrolling interest of GLP during 2015 were $3.1 million . These adjustments are reflected in the computation of earnings per share using the two-class method.

CESSATION OF HC&S SUGAR OPERATI

CESSATION OF HC&S SUGAR OPERATIONS	12 Months Ended
	Dec. 31, 2015
Restructuring and Related Activities [Abstract]
CESSATION OF HC&S SUGAR OPERATIONS	CESSATION OF HC&S SUGAR OPERATIONS On December 31, 2015, due to continuing and significant operating losses stemming from low sugar prices and poor production levels, the Company determined it would cease sugar operations at its Hawaiian Commercial & Sugar Company (“HC&S”) division on Maui. The Company expects that the final harvest and activities of the Cessation will be substantially completed by the end of 2016 and will result in the eventual layoff of over 650 employees on Maui. As a result of the decision to cease the HC&S sugar operations, the Company wrote-off $6.9 million related to certain fixed assets that will no longer be used in operations. In connection with the Cessation, the Company currently projects recording total pre-tax book charges in the range of $112 million to $133 million , which consists of $23 million to $28 million of employee severance and related benefit charges, $69 million to $76 million of asset write-offs and accelerated depreciation, and $20 million to $29 million of property removal, restoration and other exit-related costs. The Company expects that the activities related to the Cessation will be substantially completed by the end of 2016. During 2015, the Company recorded pre-tax restructuring charges of $22.6 million related to employee severance benefits and related costs and asset write-offs in connection with the Cessation. A summary of the pre-tax costs and remaining costs associated with the restructuring is as follows (in millions): Recognized as of December 31, 2015 Range of remaining amount to be Recognized Total Employee severance benefits and related costs $ 13.4 $9.6 - $14.6 $23.0 - $28.0 Asset write-offs and accelerated depreciation 9.2 59.8 - 66.8 69.0 - 76.0 Property removal, restoration and other exit-related costs — 20.0 - 29.0 20.0 - 29.0 Total Cessation costs $ 22.6 $89.4 - $110.4 $112.0 - $133.0 The following table summarizes the activity related to the Cessation accruals during the year ended December 31, 2015 (in millions): Employee Severance Benefits and Related Costs Balance at January 1, 2015 $ — Cessation charges 13.4 Balance at December 31, 2015 $ 13.4 There were no cash payments made during the year ended December 31, 2015.

SEGMENT RESULTS

SEGMENT RESULTS	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
SEGMENT RESULTS	SEGMENT RESULTS Operating segments are components of an enterprise that engage in business activities from which it may earn revenues and incur expenses, whose operating results are regularly reviewed by the chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and for which discrete financial information is available. The Company’s chief operating decision maker is its Chief Executive Officer. The Chief Executive Officer regularly reviews the results of four segments: Real Estate Development and Sales, Real Estate Leasing, Materials and Construction, and Agribusiness. The Real Estate Development and Sales segment generates its revenues and creates value through an active and comprehensive program of land stewardship, planning, entitlement, development, real estate investment and sale of land and commercial and residential properties, principally in Hawaii. The Real Estate Leasing segment owns, operates, and manages a portfolio of 58 retail, office and industrial properties in Hawaii and on the Mainland totaling 4.9 million square feet of GLA. The Company also leases urban land in Hawaii to third-party lessees, including 42 acres on Oahu (improved with 660,000 square feet of commercial space owned by the lessees) and 64 acres on the neighbor islands. When property that was previously leased is sold, the sales revenue and operating profit are included with the Real Estate Development and Sales segment. The Materials and Construction segment performs asphalt paving as prime contractor and subcontractor; imports and sells liquid asphalt; mines, processes and sells rock and sand aggregates; produces and sells asphaltic concrete and ready-mix concrete; provides and sells various construction- and traffic-control-related products and manufactures and sells precast concrete products. The Agribusiness segment produces and sells bulk raw sugar, specialty food grade sugars, and molasses; provides general trucking services, mobile equipment maintenance and repair services; leases agricultural land to third parties; and generates and sells electricity to the extent not used in segment operations. The accounting policies of the operating segments are described in the summary of significant accounting policies. Reportable segments are measured based on operating profit, exclusive of interest expense, general corporate expenses and income taxes. Revenues related to transactions between reportable segments have been eliminated. Transactions between reportable segments are accounted for on the same basis as transactions with unrelated third parties. General contractor and subcontractor revenues for the years ended December 31, 2015 and 2014 were derived directly and indirectly from the State of Hawaii in the amounts of $80.8 million and $79.6 million , respectively. In addition, for the years ended December 31, 2015 and 2014, amounts were derived directly and indirectly from the City and County of Honolulu in the amounts of $38.1 million and $37.5 million , respectively. Raw sugar revenues from C&H Sugar Company, Inc., exceeded 10 percent of total consolidated revenues and totaled $71.6 million , $65.5 million , and $87.6 million for the years ended December 31, 2015 , 2014 , and 2013 , respectively. Operating segment information for 2015 , 2014 and 2013 is summarized as below (in millions): For the Year Ended December 31, 2015 2014 2013 Revenue: Real Estate: 1,4 Leasing $ 133.8 $ 125.6 $ 110.4 Development and Sales 131.5 150.0 423.0 Less amounts reported in discontinued operations 1 — (70.4 ) (369.2 ) Reconciling items 4 (31.0 ) — — Materials and Construction 2 219.0 234.3 54.9 Agribusiness 117.2 120.5 146.1 Total revenue $ 570.5 $ 560.0 $ 365.2 Operating profit (loss): Real Estate: Leasing $ 53.1 $ 47.5 $ 43.4 Development and Sales 3 65.0 85.7 44.4 Less amounts reported in discontinued operations 1 — (56.2 ) (36.7 ) Materials and Construction 2 30.9 25.9 2.9 Agribusiness operations (29.3 ) (11.8 ) 10.7 Agribusiness cessation costs 5 (22.6 ) — — Total operating profit 97.1 91.1 64.7 Interest expense (26.8 ) (29.0 ) (19.1 ) General corporate expenses (20.1 ) (18.6 ) (17.4 ) Reduction in KRS II carrying value, net (Note 5, 12, 14) 9 (2.6 ) (14.7 ) — Separation/Acquisition Costs — — (4.6 ) Income from continuing operations before income taxes 47.6 28.8 23.6 Income tax expense (benefit) 16.5 (1.4 ) 11.1 Income from continuing operations 31.1 30.2 12.5 Income from discontinued operations (net of income taxes) — 34.3 22.3 Net income 31.1 64.5 34.8 Income attributable to noncontrolling interest (1.5 ) (3.1 ) (0.5 ) Net income attributable to A&B $ 29.6 $ 61.4 $ 34.3 1 Amounts recast to reflect discontinued operations. 2 2013 includes the results, capital expenditures, and depreciation and amortization of Grace from the acquisition date of October 1, 2013 through December 31, 2013. 3 The Real Estate Development and Sales segment includes approximately $30.2 million , $2.0 million , and $4.2 million in equity in earnings from its various real estate joint ventures for 2015 , 2014 , and 2013 , respectively. Included in operating profit are non-cash impairment and equity losses of $0.3 million related to the sale of Crossroads in 2014 and $6.3 million related to the consolidation of The Shops at Kukui'ula in 2013. 4 2015 amounts represent the sales of an office building in Washington in December 2015, a Colorado retail property in March 2015 and a Texas office building in May 2015 that are classified as cost of sales and development in the Consolidated Statement of Income, but reflected as revenue for segment reporting purposes. 5 Costs related to the cessation of HC&S sugar operation. As of December 31, 2015 2014 2013 Identifiable Assets: Real Estate: Leasing $ 1,058.8 $ 1,121.1 $ 1,113.0 Development and Sales 6 622.0 633.9 640.4 Agribusiness 151.5 159.7 155.3 Materials and Construction 386.6 385.9 358.7 Other 10 24.6 21.0 8.4 Total assets $ 2,243.5 $ 2,321.6 $ 2,275.8 Capital Expenditures: Real Estate: Leasing 7 $ 23.0 $ 51.8 $ 488.5 Development and Sales 8 — — 0.1 Agribusiness 13.1 10.8 11.8 Materials and Construction 2 7.2 10.7 4.8 Other 1.4 1.8 0.1 Total capital expenditures $ 44.7 $ 75.1 $ 505.3 Depreciation and Amortization: Real Estate: Leasing 1 $ 30.3 $ 26.9 $ 24.3 Development and Sales 0.2 0.2 0.2 Agribusiness 12.1 11.5 11.7 Materials and Construction 2 11.6 15.2 4.4 Other 1.5 1.2 1.1 Total depreciation and amortization $ 55.7 $ 55.0 $ 41.7 6 The Real Estate Development and Sales segment includes approximately $379.7 million , $383.8 million , and $335.0 million related to its investment in various real estate joint ventures as of December 31, 2015 , 2014 , and 2013 , respectively. 7 Represents gross capital additions to the leasing portfolio, including gross tax-deferred property purchases, but excluding the assumption of debt, that are reflected as non-cash transactions in the Consolidated Statements of Cash Flows. 8 Excludes expenditures for real estate developments held for sale which are classified as Cash Flows from Operating Activities within the Consolidated Statements of Cash Flows and excludes investment in joint ventures classified as Cash Flows from Investing Activities. Operating cash flows for expenditures related to real estate developments were $7.2 million , $41.7 million , and $150.6 million for 2015 , 2014 , and 2013 , respectively. Investments in real estate joint ventures were $25.8 million , $28.7 million , and $22.2 million in 2015 , 2014 , and 2013 , respectively. 9 Represents a non-cash reduction in the carrying value of a $23.8 million tax equity investment in a 12-megawatt solar farm on Kauai (KRS II) that was made in July 2014. Tax benefits associated with the KRS II investment are accompanied by non-cash reductions of the investment's carrying value. Tax benefits associated with the investment are included in the Income tax expense (benefit) line item in the Consolidated Statements of Income. 10 Amounts recast to reflect adoption of FASB Accounting Standard Update No. 2015-17, Income Taxes (Topic 740) - Balance Sheet Classification of Deferred Taxes. Unaudited quarterly segment results for the years ended December 31, 2015 and 2014 were as follows (in millions): 2015 (Unaudited) Q1 Q2 Q3 Q4 Revenue: Real Estate: Leasing $ 32.7 $ 34.8 $ 33.0 $ 33.3 Development and Sales 36.5 52.4 19.9 22.7 Reconciling items 3 (4.3 ) (16.7 ) — (10.0 ) Materials and Construction 56.9 57.4 51.0 53.7 Agribusiness 28.9 25.8 40.8 21.7 Total revenue $ 150.7 $ 153.7 $ 144.7 $ 121.4 Operating profit (loss) Real Estate: Leasing $ 13.2 $ 13.9 $ 12.5 $ 13.5 Development and Sales 4 32.0 14.3 11.2 7.5 Materials and Construction 7.2 7.0 7.5 9.2 Agribusiness operations 1.9 (4.7 ) (9.0 ) (17.5 ) Agribusiness cessation costs 5 — — — (22.6 ) Total operating profit 54.3 30.5 22.2 (9.9 ) Interest expense (7.1 ) (6.6 ) (6.5 ) (6.6 ) General corporate expenses (5.6 ) (5.3 ) (4.8 ) (4.4 ) Reduction in KRS II carrying value (Notes 5, 12, 14) 2 (0.1 ) (1.5 ) (0.1 ) (0.9 ) Income (loss) from continuing operations before income taxes 41.5 17.1 10.8 (21.8 ) Income tax expense (benefit) 15.6 7.0 3.8 (9.9 ) Income (loss) from continuing operations 25.9 10.1 7.0 (11.9 ) Income from discontinued operations (net of income taxes) — — — — Net income (loss) 25.9 10.1 7.0 (11.9 ) Income attributable to noncontrolling interest (0.6 ) (0.3 ) (0.3 ) (0.3 ) Net income (loss) attributable to A&B 25.3 9.8 6.7 (12.2 ) Less: Undistributed earnings allocated to redeemable noncontrolling interest 6 — — (1.3 ) (1.8 ) Net income (loss) available to A&B shareholders $ 25.3 $ 9.8 $ 5.4 $ (14.0 ) Earnings per share available to A&B shareholders: Basic $ 0.52 $ 0.20 $ 0.11 $ (0.29 ) Diluted $ 0.51 $ 0.20 $ 0.11 $ (0.29 ) Weighted average shares: Basic 48.8 48.9 48.9 48.9 Diluted 49.3 49.4 49.3 48.9 2014 (Unaudited) Q1 Q2 Q3 Q4 Revenue: Real Estate: Leasing $ 31.2 $ 31.0 $ 31.3 $ 32.1 Development and Sales 71.0 21.4 18.2 39.4 Less amounts reported in discontinued operations 1 (70.4 ) — — — Materials and Construction 50.1 64.5 58.4 61.3 Agribusiness 12.9 29.8 45.5 32.3 Total revenue $ 94.8 $ 146.7 $ 153.4 $ 165.1 Operating profit (loss) Real Estate: Leasing $ 11.8 $ 12.0 $ 12.1 $ 11.6 Development and Sales 4 52.3 7.8 11.4 14.2 Less amounts reported in discontinued operations 1 (56.2 ) — — — Materials and Construction 3.4 8.0 5.9 8.6 Agribusiness 3.0 0.4 (7.3 ) (7.9 ) Total operating profit 14.3 28.2 22.1 26.5 Interest expense (7.2 ) (7.2 ) (7.2 ) (7.4 ) General corporate expenses (5.2 ) (4.3 ) (3.9 ) (5.2 ) Reduction in KRS II carrying value (Notes 5, 12, 14) 2 — — (15.1 ) 0.4 Income (loss) from continuing operations before income taxes 1.9 16.7 (4.1 ) 14.3 Income tax expense (benefit) 0.8 6.5 (14.9 ) 6.2 Income from continuing operations 1.1 10.2 10.8 8.1 Income from discontinued operations (net of income taxes) 34.3 — — — Net income 35.4 10.2 10.8 8.1 Income attributable to noncontrolling interest (0.4 ) (1.0 ) (0.6 ) (1.1 ) Net income attributable to A&B shareholders $ 35.0 $ 9.2 $ 10.2 $ 7.0 Earnings per share attributable to A&B shareholders: Basic $ 0.72 $ 0.19 $ 0.21 $ 0.14 Diluted $ 0.71 $ 0.19 $ 0.21 $ 0.14 Weighted average shares: Basic 48.7 48.7 48.8 48.8 Diluted 49.2 49.3 49.3 49.3 1 Amounts recast to reflect discontinued operations. 2 Represents a non-cash reduction in the carrying value of a $23.8 million tax equity investment in a 12-megawatt solar farm on Kauai (KRS II) that was made in July 2014. Tax benefits associated with the KRS II investment are accompanied by non-cash reductions of the investment's carrying value. 3 2015 amounts represent the sales of an office building in Washington in December 2015, a Colorado retail property in March 2015 and a Texas office building in May 2015 that are classified as cost of sales and development in the Consolidated Statement of Income, but reflected as revenue for segment reporting purposes. 4 The Real Estate Development and Sales segment includes approximately $30.2 million and $2.0 million in equity in earnings from its various real estate joint ventures for 2015 and 2014 , respectively. 5 Costs related to the cessation of HC&S sugar operation. 6 The Company deducted $1.3 million and $1.8 million of undistributed earnings allocated to redeemable noncontrolling interests from "net income (loss) attributable to A&B shareholders" in calculating "Earnings (loss) per share attributable to A&B shareholders" for each of the three months ended September 30 and December 31, 2015, respectively.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENT On January 26, 2016, the Company's Board of Directors declared a quarterly cash dividend of $0.06 per share of outstanding common stock, which will be paid on March 3, 2016 to shareholders of record as of February 8, 2016.

SCHEDULE III - REAL ESTATE AND

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION	12 Months Ended
	Dec. 31, 2015
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION	SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION Alexander & Baldwin, Inc. and Subsidiaries December 31, 2015 (in millions) Initial Cost Costs Capitalized Subsequent to Acquisition Gross Amounts at Which Carried at Close of Period Description Encum- Land Buildings Improvements Carrying Costs Land Buildings Total (2) Accumulated Date of Date Real Estate Leasing Segment Industrial: Kailua Industrial/Other (HI) $ — $ 10.5 $ 2.0 $ 0.1 $ — $ 10.5 $ 2.1 $ 12.6 $ (0.1 ) Various 2013 Kaka'ako Commerce Center (HI) — 16.9 20.6 0.1 — 16.9 20.7 37.6 (0.5 ) 1969 2014 Komohana Industrial Park (HI) — 25.2 10.8 0.4 — 25.2 11.2 36.4 (1.7 ) 1990 2010 P&L Warehouse (HI) — — — 1.2 — — 1.2 1.2 (0.6 ) 1970 1970 Port Allen (HI) — — 0.7 1.9 — — 2.6 2.6 (1.9 ) 1985, 1993 1983-1993 Waipio Industrial (HI) — 19.6 7.7 0.2 — 19.6 7.9 27.5 (1.5 ) 1988, 1989 2009 Midstate Hayes (CA) 8.2 2.7 29.6 1.2 — 2.7 30.8 33.5 (6.1 ) 2002-2008 2008 Sparks Business Center (NV) — 3.2 17.2 3.0 — 3.2 20.2 23.4 (7.9 ) 1996-1998 2002 Office: Judd Building (HI) — 1.0 2.1 1.9 — 1.0 4.0 5.0 (1.5 ) 1898, 1979 2000 Kahului Office Building (HI) — 1.0 0.4 5.9 — 1.0 6.3 7.3 (7.0 ) 1974 1989 Kahului Office Center (HI) — — — 5.7 — — 5.7 5.7 (3.5 ) 1991 1991 Lono Center (HI) — — 1.4 1.2 — — 2.6 2.6 (1.3 ) 1973 1991 Maui Clinic Building (HI) — — — 0.5 — — 0.5 0.5 (0.1 ) 1958 2013 Mililani South (HI) — 7.0 3.5 5.2 — 7.0 8.7 15.7 (0.4 ) 1992, 2006 2012 Stangenwald Building (HI) — 1.8 1.0 1.3 — 1.8 2.3 4.1 (0.9 ) 1901, 1980 1996 1800 and 1820 Preston Park (TX) — 4.5 19.9 5.0 — 4.5 24.9 29.4 (6.9 ) 1997, 1998 2006 2868 Prospect Park (CA) — 2.9 18.1 9.5 — 2.9 27.6 30.5 (13.7 ) 1998 1998 2890 Gateway Oaks (CA) — 1.7 10.8 1.7 — 1.7 12.5 14.2 (3.3 ) 1999 2006 Concorde Commerce Center (AZ) — 3.9 20.9 6.0 — 3.9 26.9 30.8 (6.6 ) 1998 2006 Deer Valley Financial Center (AZ) — 3.4 19.2 3.4 — 3.4 22.6 26.0 (6.9 ) 2001 2005 Ninigret Office X and XI (TX) — 3.1 17.7 4.6 — 3.1 22.3 25.4 (7.0 ) 1999, 2002 2006 Retail: Gateway at Mililani Mauka (HI) — 7.3 4.7 5.2 — 7.3 9.9 17.2 (0.5 ) 2006, 2013 2011 Kahului Shopping Center (HI) — — — 2.7 — — 2.7 2.7 (1.5 ) 1951 1951 Kailua Grocery Anchored (HI) 11.0 77.9 56.0 0.7 — 77.9 56.7 134.6 (3.3 ) Various 2013-2015 Kailua Retail Other (HI) — 29.6 26.7 1.4 — 29.6 28.1 57.7 (1.8 ) Various 2013 Kaneohe Bay Shopping Ctr. (HI) — — 13.4 1.9 — — 15.3 15.3 (5.5 ) 1971 2001 Kunia Shopping Center (HI) — 2.7 10.6 1.3 — 2.7 11.9 14.6 (3.8 ) 2004 2002 Lahaina Square (HI) — 4.6 3.7 0.4 — 4.6 4.1 8.7 (0.6 ) 1973 2010 Lanihau Marketplace (HI) — 9.4 13.2 1.4 — 9.4 14.6 24.0 (2.1 ) 1987 2010 Napili Plaza (HI) — 9.4 8.0 0.5 — 9.4 8.5 17.9 (0.9 ) 1991 2003, 2013 Pearl Highlands Center (HI) 91.9 43.4 96.2 1.8 — 43.4 98.0 141.4 (6.8 ) 1993 2013 Port Allen Marina Ctr. (HI) — — 3.4 1.1 — — 4.5 4.5 (1.9 ) 2002 1971 The Shops at Kukui'ula (HI) 37.0 8.9 30.1 1.9 — 8.9 32.0 40.9 (2.1 ) 2009 2013 Waianae Mall (HI) — 17.4 10.1 4.2 — 17.4 14.3 31.7 (1.1 ) 1975 2013 Waipio Shopping Center (HI) — 24.0 7.6 0.4 — 24.0 8.0 32.0 (1.4 ) 1986-2004 2009 Little Cottonwood Center (UT) — 12.2 9.1 1.0 — 12.2 10.1 22.3 (1.6 ) 1998-2008 2010 Royal MacArthur Center (TX) — 3.5 10.1 1.7 — 3.5 11.8 15.3 (2.9 ) 2006 2007 Other: Oahu ground leases (HI) — 164.2 0.6 — — 164.2 0.6 164.8 — 2013 Other miscellaneous investments — 17.9 1.3 12.2 — 17.9 13.5 31.4 (10.8 ) Total $ 148.1 $ 540.8 $ 508.4 $ 99.8 $ — $ 540.8 $ 608.2 $ 1,149.0 $ (128.0 ) Total for Hawaii $ 139.9 $ 499.7 $ 335.8 $ 62.7 $ — $ 499.7 $ 398.5 $ 898.2 $ (65.1 ) Total for U.S. Mainland 8.2 41.1 172.6 37.1 — 41.1 209.7 250.8 (62.9 ) Grand Total $ 148.1 $ 540.8 $ 508.4 $ 99.8 $ — $ 540.8 $ 608.2 $ 1,149.0 $ (128.0 ) Description (amounts in millions) Encumbrances Land Buildings and Improvements Improvements Carrying Costs Land Buildings and Improvements Total Accumulated Depreciation Real Estate Development and Sales Segment Aina ‘O Kane $ — $ — $ — $ 1.2 $ — $ — $ 1.2 $ 1.2 $ — Brydeswood — — — 2.6 — — 2.6 $ 2.6 — Grove Ranch — — — 1.5 — — 1.5 $ 1.5 — Haliimaile — — — 1.0 — — 1.0 $ 1.0 — Kahala Portfolio 8.2 49.7 — 1.5 — 49.7 1.5 $ 51.2 — Kamalani — — — 3.1 — — 3.1 $ 3.1 — Kahului Town Center — — — 2.3 — — 2.3 $ 2.3 — Kai 'Olino — — — 11.3 — — 11.3 $ 11.3 — Maui Business Park II — — — 44.7 — — 44.7 $ 44.7 — Wailea B-1 — 4.6 — — — 4.6 — $ 4.6 — Wailea B-II — 3.3 — — — 3.3 — $ 3.3 — Wailea MF-6 — 5.8 — — — 5.8 — $ 5.8 — Wailea MF-7 — 2.9 — 5.9 — 2.9 5.9 $ 8.8 — Wailea SF-8 — 1.3 — — — 1.3 — $ 1.3 — Wailea MF-10 — 2.0 — 1.9 — 2.0 1.9 $ 3.9 — Wailea MF-16 — 2.7 — — — 2.7 — $ 2.7 — The Ridge at Wailea (MF-19) — 1.7 — 6.2 — 1.7 6.2 $ 7.9 — Wailea, other — 15.3 — 1.5 — 15.3 1.5 $ 16.8 — Waiale Community — — — 1.7 — — 1.7 $ 1.7 — Other Maui landholdings — 2.2 — 4.2 — 2.2 4.2 $ 6.4 — Other Kauai landholdings — — — 1.4 — — 1.4 $ 1.4 — Total $ 8.2 $ 91.5 $ — $ 92.0 $ — $ 91.5 $ 92.0 $ 183.5 $ — (1) See Note 8 to consolidated financial statements. (2) The aggregate tax basis, as of December 31, 2015, for the Real Estate Leasing segment and Real Estate Development and Sales segment assets was approximately $ 575.4 million, including the outside tax basis of consolidated joint venture investments. (3) Depreciation is computed based upon the following estimated useful lives: Building and improvements: 10 – 40 years Leasehold improvements: 5 – 10 years (lesser of useful life or lease term) Reconciliation of Real Estate (in millions) 2015 2014 2013 Balance at beginning of year $ 1,397.1 $ 1,402.1 $ 1,022.0 Additions and improvements 32.2 57.0 758.5 Dispositions, retirements and other adjustments (96.8 ) (62.0 ) (378.4 ) Balance at end of year $ 1,332.5 $ 1,397.1 $ 1,402.1 Reconciliation of Accumulated Depreciation (in millions) 2015 2014 2013 Balance at beginning of year $ 120.5 $ 116.9 $ 133.8 Depreciation expense 20.5 19.2 19.5 Dispositions, retirements and other adjustments (13.0 ) (15.6 ) (36.4 ) Balance at end of year $ 128.0 $ 120.5 $ 116.9

SIGNIFICANT ACCOUNTING POLICI30

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation: The consolidated financial statements include the accounts of Alexander & Baldwin, Inc. and all wholly owned and controlled subsidiaries, after elimination of intercompany amounts. Significant investments in businesses, partnerships and limited liability companies in which the Company does not have a controlling financial interest, but has the ability to exercise significant influence, are accounted for under the equity method. A controlling financial interest is one in which the Company has a majority voting interest or one in which the Company is the primary beneficiary of a variable interest entity. In determining whether the Company is the primary beneficiary of a variable interest entity in which it has an interest, the Company is required to make significant judgments with respect to various factors including, but not limited to, the Company’s ability to direct the activities that most significantly impact the entity’s economic performance, the rights and ability of other investors to participate in decisions affecting the economic performance of the entity, and kick-out rights, among others. Activities that significantly affect the economic performance of the entities in which the Company has an interest include, but are not limited to, establishing and modifying detailed business, development, marketing and sales plans, approving and modifying the project budget, approving design changes and associated overruns, if any, and approving project financing, among others. The Company has not consolidated any variable interest entity in which the Company does not also have voting control because it has determined that it is not the primary beneficiary since decisions to direct the activities that most significantly impact the entity’s performance are shared by the joint venture partners. The consolidated financial statements include the results of GP/RM, a supplier in the precast concrete industry, and GLP Asphalt, LLC ("GLP"), an importer and distributor of liquid asphalt, which are owned 51 percent and 70 percent, respectively. These entities are consolidated because the Company holds a controlling financial interest through its majority ownership of the voting interests of the entities. The remaining interest in these entities is reported as noncontrolling interest in the consolidated financial statements. Profits, losses and cash distributions are allocated in accordance with the respective operating agreements.
Use of Estimates	Use of Estimates: The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported. Estimates and assumptions are used for, but not limited to: (i) asset impairments, including intangible assets and goodwill, (ii) legal and environmental contingencies, (iii) revenue recognition for long-term real estate developments and construction contracts, (iv) pension and postretirement estimates, and (v) income taxes. Future results could be materially affected if actual results differ from these estimates and assumptions.
Cash and Cash Equivalents	Cash and Cash Equivalents: Cash equivalents consist of highly liquid investments with a maturity of three months or less at the date of purchase. The Company carries these investments at cost, which approximates fair value.
Fair Value of Financial Instruments	Fair Value of Financial Instruments: The fair values of cash and cash equivalents, receivables and short-term borrowings approximate their carrying values due to the short-term nature of the instruments. The carrying amount and fair value of the Company’s debt at December 31, 2015 were $ 588.2 million and $597.0 million , respectively, and $706.0 million and $729.6 million at December 31, 2014 , respectively. The fair value of debt is calculated by discounting the future cash flows of the debt at rates based on instruments with similar risk, terms and maturities as compared to the Company’s existing debt arrangements (level 2).
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts: Allowances for doubtful accounts are established by management based on estimates of collectability. Estimates of collectability are principally based on an evaluation of the current financial condition the Company’s customers and their payment history, which are regularly monitored by the Company.
Operating Cycle	Operating Cycle : The Company uses the duration of the construction contracts that range from one year to three years as its operating cycle for purposes of classifying assets and liabilities related to contracts.
Inventories	Inventories: Sugar inventories are stated at the lower of cost (first-in, first-out basis) or market value. Materials and supplies and Materials and Construction segment inventory are stated at the lower of cost (principally average cost, first-in, first-out basis) or market value.
Property	Property: Property is stated at cost, net of accumulated depreciation and amortization. Expenditures for major renewals and betterments are capitalized. Replacements, maintenance, and repairs that do not improve or extend asset lives are charged to expense as incurred. Upon acquiring commercial real estate that is deemed a business, the Company records land, buildings, leases above and below market, and other intangible assets based on their fair values. Costs related to due diligence are expensed as incurred.
Depreciation	Depreciation: Depreciation and amortization is computed using the straight-line method over the estimated useful lives of the assets or the units-of-production method for quarry production-related assets. Estimated useful lives of property are as follows: Classification Range of Life (in years) Buildings 10 to 40 Water, power and sewer systems 5 to 50 Rock crushing and asphalt plants 25 to 35 Machinery and equipment 2 to 35 Other property improvements 3 to 35
Real Estate Developments	Real Estate Developments: Expenditures for real estate developments are capitalized during construction and are classified as real estate developments on the consolidated balance sheets. When construction is substantially complete, the costs are reclassified as either Real Estate Held for Sale or Property, based upon the Company’s intent to either sell the completed asset or to hold it as an investment property, respectively. Cash flows related to real estate developments are classified as either operating or investing activities, based upon the Company’s intention to retain ownership or to sell the property, respectively, of the property as an investment following completion of construction. For development projects, capitalized costs are allocated using the direct method for expenditures that are specifically associated with the unit being sold and the relative-sales-value method for expenditures that benefit the entire project. Capitalized development costs typically include costs related to land acquisition, grading, roads, water and sewage systems, landscaping, capitalized interest, and project amenities. Direct overhead costs incurred after the development project is substantially complete, such as utilities, maintenance and real estate taxes, are charged to selling, general and administrative expense as incurred. All indirect overhead costs are charged to selling, general and administrative costs as incurred.
Capitalized Interest	Capitalized Interest: Interest costs incurred in connection with significant expenditures for real estate developments, the construction of assets, or investments in real estate joint ventures are capitalized during the period in which activities necessary to get the asset ready for its intended use are in progress. Capitalization of interest is discontinued when the asset is substantially complete and ready for its intended use. Capitalization of interest on investments in real estate joint ventures is recorded until the underlying investee commences its principal operations, which is typically when the investee has other-than-ancillary revenue generation.
Impairment of Long-Lived Assets and Finite-Lived Intangible Assets	Impairment of Long-Lived Assets and Finite-Lived Intangible Assets: Long-lived assets, including finite-lived intangible assets, are reviewed for possible impairment when events or circumstances indicate that the carrying value may not be recoverable. In such an evaluation, the estimated future undiscounted cash flows generated by the asset are compared with the amount recorded for the asset to determine if its carrying value is not recoverable. If this review determines that the recorded value will not be recovered, the amount recorded for the asset is reduced to estimated fair value. These asset impairment analyses are highly subjective because they require management to make assumptions and apply considerable judgments to, among others, estimates of the timing and amount of future cash flows, expected useful lives of the assets, uncertainty about future events, including changes in economic conditions, changes in operating performance, changes in the use of the assets and ongoing costs of maintenance and improvements of the assets, and thus, the accounting estimates may change from period to period. If management uses different assumptions or if different conditions occur in future periods, A&B’s financial condition or its future operating results could be materially impacted.
Impairment of Investments	Impairment of Investments: The Company's investments in unconsolidated affiliates are reviewed for impairment whenever there is evidence that fair value may be below carrying cost. An investment is written down to fair value if fair value is below carrying cost and the impairment is believed to be other-than-temporary. In evaluating the fair value of an investment and whether any identified impairment is other-than-temporary, significant estimates and considerable judgments are involved. These estimates and judgments are based, in part, on the Company’s current and future evaluation of economic conditions in general, as well as a joint venture’s current and future plans. Additionally, these impairment calculations are highly subjective because they also require management to make assumptions and apply judgments to estimates regarding the timing and amount of future cash flows that may consider various factors, including sales prices, development costs, market conditions and absorption rates, probabilities related to various cash flow scenarios, and appropriate discount rates based on the perceived risks, among others. In evaluating whether an impairment is other-than-temporary, the Company considers all available information, including the length of time and extent of the impairment, the financial condition and near-term prospects of the affiliate, the Company’s ability and intent to hold the investment for a period of time sufficient to allow for any anticipated recovery in market value, and projected industry and economic trends, among others. Changes in these and other assumptions could affect the projected operational results and fair value of the unconsolidated affiliates, and accordingly, may require valuation adjustments to the Company’s investments that may materially impact the Company’s financial condition or its future operating results. For example, if current market conditions deteriorate significantly or a joint venture’s plans change materially, impairment charges may be required in future periods, and those charges could be material. In July 2014, the Company invested $23.8 million in KIUC Renewable Solutions Two LLC (KRS II), an entity that owns and operates a 12-megawatt solar farm in Koloa, Kauai. The investment return from the Company's investment in KRS II is principally composed of federal and state tax benefits. As tax benefits are realized over the life of the investment, the Company recognizes a non-cash reduction to the carrying amount of its investment in KRS II. During the years ended December 31, 2015 and 2014, the Company recorded a net non-cash reduction of $2.6 million and $14.7 million , respectively, in Other income (expense) in the accompanying consolidated statements of income. The Company expects that future reductions to its investment in KRS II will be recognized as tax benefits are realized. In 2013, the Company entered into an Amended and Restated Limited Liability Company Agreement of Kukui'ula Village (Agreement) with DMB Kukui'ula Village LLC (DMB). Under the Agreement, the Company assumed financial and operational control of Kukui'ula Village LLC (Village) and consolidated the assets and liabilities of Village at fair value, resulting in a $6.3 million write down of its investment in the joint venture. Weakness in particular real estate markets, difficulty in obtaining or renewing project-level financing or development approvals, and changes in the Company’s development strategy, among other factors, may affect the value or feasibility of certain development projects owned by the Company or by its joint ventures and could lead to additional impairment charges in the future.
Intangible Assets	Intangible Assets: Intangible assets are recorded on the consolidated balance sheets as other non-current assets and are related to the acquisition of commercial properties.
Goodwill	Goodwill: The Company recorded a total of $93.6 million of goodwill in connection with the acquisition of Grace, which occurred on October 1, 2013. Additionally, the Company recorded $9.3 million of goodwill in connection with the consolidation of The Shops at Kukui'ula. The Grace and The Shops at Kukui'ula goodwill is not expected to be deductible for tax purposes. In 2014, the Company finalized its valuation of Grace and, as a result, recorded an additional $3.3 million of goodwill, primarily related to the fair value of liabilities associated with the maintenance and management of former quarry sites. The Company reviews goodwill for impairment at the reporting unit level annually and whenever events or changes in circumstances indicate that it is more likely than not that the fair value of the reporting unit is less than its carrying amount.
Revenue Recognition	Revenue Recognition: The Company has a wide variety of revenue sources, including real estate sales, commercial property rentals, material sales, paving construction, and the sales of raw sugar and molasses. Before recognizing revenue, the Company assesses the underlying terms of the transaction to ensure that recognition meets the requirements of relevant accounting standards. In general, the Company recognizes revenue when persuasive evidence of an arrangement exists, delivery of the service or product has occurred, the sales price is fixed or determinable, and collectability is reasonably assured. Real Estate Sales Revenue Recognition: Real Estate Development and Sales revenue represents proceeds from the sale of a variety of real estate development inventory. Real estate development inventory may include industrial lots, residential lots, condominium units, single-family homes and multi-family homes. Sales are recorded when the risks and rewards of ownership have passed to the buyers (generally on closing dates), adequate initial and continuing investments have been received, and collection of remaining balances, if any, is reasonably assured. For certain development projects that have continuing post-closing involvement and for which total revenue and capital costs are reasonably estimable, the Company uses the percentage-of-completion method for revenue recognition. Under this method, the amount of revenue recognized is based on development costs that have been incurred through the reporting period as a percentage of total expected development cost associated with the development project. This generally results in a stabilized gross margin percentage, but requires significant judgment and estimates. Real Estate Leasing Revenue Recognition: Real Estate Leasing revenue is recognized on a straight-line basis over the terms of the related leases, including periods for which no rent is due (typically referred to as “rent holidays”). Differences between revenues recognized and amounts due under respective lease agreements are recorded as increases or decreases, as applicable, to deferred rent receivable. Also included in rental revenue are certain tenant reimbursements and percentage rents determined in accordance with the terms of the leases. Income arising from tenant rents that are contingent upon the sales of the tenant exceeding a defined threshold are recognized only after the contingency has been resolved (e.g., sales thresholds have been achieved). Construction Contracts and Related Products Revenue Recognition : Grace generates revenue primarily from material sales and paving contracts. The recognition of revenue is based on the underlying terms of the transaction. Materials - Revenues from material sales, which include basalt aggregate, liquid asphalt and hot mix asphalt, are recognized when title to the product and risk of loss passes to third parties (generally this occurs when the product is picked up by customers or their agents) and when collection is reasonably assured. Construction - A majority of paving contracts is performed for Hawaii state, federal, and county governments. Unit price contracts, which comprise a significant portion of Grace's paving contracts, require Grace to provide line-item deliverables at fixed unit prices based on approved quantities irrespective of Grace’s actual per unit costs. Earnings on unit price contracts are recognized as quantities are delivered and accepted by the customer. Lump sum contracts require that the total amount of work be performed for a single price irrespective of actual quantities or Grace’s actual costs. Earnings on fixed-price paving contracts are generally recognized using the percentage-of-completion method with progress toward completion measured on the basis of units (tons, cubic yards, square yards, square feet or other units of measure) of work completed as of a specific date to an estimate of the total units of work to be delivered under each contract. Grace uses this method as its management considers units of work completed to be the best available measure of progress on contracts. Contracts in progress are reviewed regularly, and sales and earnings may be adjusted based on revisions to assumption and estimates, including, but not limited to, revisions to job performance, job site conditions, changes to the scope of work, estimated contract costs, progress toward completion, changes in internal and external factors or conditions and final contract settlement. Selling, general and administrative costs are charged to expense as incurred. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses become evident. Sugar and Molasses Revenue Recognition: Revenue from sugar sales is recorded when title to the product and risk of loss passes to third parties (generally this occurs when the product is shipped or delivered to customers) and when collection is reasonably assured.
Agricultural Costs	Agricultural Costs: Costs of growing and harvesting sugar cane are charged to the cost of inventory in the year incurred and to cost of sales as sugar is sold.
Discontinued Operations	Discontinued Operations: In 2014, the Company early adopted the provisions of Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360) : Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU 2014-08”), which changes the requirements for reporting discontinued operations under Subtopic 205-20. For periods prior to the adoption of ASU 2014-08, the sales of certain income-producing assets were classified as discontinued operations if the operations and cash flows of the assets clearly could be distinguished from the remaining assets of the Company, if cash flows for the assets had been, or would have been, eliminated from the ongoing operations of the Company, if the Company would not have had a significant continuing involvement in the operations of the assets sold, and if the amount was considered material. Certain assets that are “held-for-sale,” based on the likelihood and intention of selling the property within 12 months, were also treated as discontinued operations. Sales of land not under lease and residential houses and lots were generally considered inventory and were not included in discontinued operations.
Employee Benefit Plans	Employee Benefit Plans: The Company provides a wide range of benefits to existing employees and retired employees, including single-employer defined benefit plans, postretirement, defined contribution plans, post-employment and health care benefits. The Company records amounts relating to these plans based on various actuarial assumptions, including discount rates, assumed rates of return, compensation increases, turnover rates and health care cost trend rates. The Company reviews its actuarial assumptions on an annual basis and makes modifications to the assumptions based on current economic conditions and trends. The Company believes that the assumptions utilized in recording obligations under the Company’s plans, which are presented in Note 11, “Employee Benefit Plans,” are reasonable based on its experience and on advice from its independent actuaries; however, differences in actual experience or changes in the assumptions may materially affect the Company’s financial position or results of operations.
Share-Based Compensation	Share-Based Compensation: The Company records compensation expense for all share-based payment awards made to employees and directors.
Earnings Per Share (''EPS'')	Earnings Per Share (“EPS”): Basic and diluted earnings per share are computed and disclosed in accordance with FASB Accounting Standards Codification Topic 260, Earnings Per Share . The Company utilizes the two-class method to compute earnings available to common shareholders. Under the two-class method, earnings are adjusted by accretion amounts to redeemable noncontrolling interests recorded at redemption value. The adjustments represent in-substance dividend distributions to the noncontrolling interest holder as the holder has a contractual right to receive a specified amount upon redemption. As a result, earnings are adjusted to reflect this in-substance distribution that is different from other common shareholders. In addition, the Company allocates net earnings to each class of common stock and participating security as if all of the net earnings for the period had been distributed. The Company's participating securities consist of time-based restricted unit awards that contain a non-forfeitable right to receive dividends and, therefore, are considered to participate in earnings with common shareholders. Basic earnings per common share excludes dilution and is calculated by dividing net earnings allocated to common shares by the weighted-average number of common shares outstanding for the period. Diluted earnings per common share is calculated by dividing net earnings allocable to common shares by the weighted-average number of common shares outstanding for the period, as adjusted for the potential dilutive effect of non-participating share-based awards.
Income Taxes	Income Taxes: The Company makes certain estimates and judgments in determining income tax expense for financial statement purposes. These estimates and judgments are applied in the calculation of tax credits, tax benefits and deductions, and in the calculation of certain deferred tax assets and liabilities, which arise from differences in the timing of recognition of revenue and expense for tax and financial statement purposes. Deferred tax assets and deferred tax liabilities are adjusted to the extent necessary to reflect tax rates expected to be in effect when the temporary differences reverse. Adjustments may be required to deferred tax assets and deferred tax liabilities due to changes in tax laws and audit adjustments by tax authorities. To the extent adjustments are required in any given period, the adjustments would be included within the tax provision in the Consolidated Statements of Income or Balance Sheets. The Company records a liability for uncertain tax positions not deemed to meet the more-likely-than-not threshold. The Company did not have material uncertain tax positions as of December 31, 2015 and 2014 . The Company has not recorded a valuation allowance for its deferred tax assets. A valuation allowance would be established if, based on the weight of available evidence, management believes that it is more likely than not that some portion or all of a recorded deferred tax asset would not be realized in future periods. The investment return from the Company's investment in KRS II is principally composed of federal and state tax benefits, including tax credits. These tax credits are accounted for using the flow-through method, which reduces the provision for income taxes in the year the tax credits first become available.
Comprehensive Loss	Comprehensive Loss: Comprehensive loss includes all changes in equity, except those resulting from transactions with shareholders and net income. Other comprehensive loss principally includes amortization of deferred pension and postretirement costs.
Self-Insured Liabilities	Self-Insured Liabilities: The Company is self-insured for certain losses that include, but are not limited to, employee health, workers’ compensation, general liability, real and personal property, and real estate construction warranty and defect claims. When feasible, the Company obtains third-party insurance coverage to limit its exposure to these claims. When estimating its self-insured liabilities, the Company considers a number of factors, including historical claims experience, demographic factors, and valuations provided by independent third-parties.
Impact of Recently Issued Accounting Standards	Impact of Recently Issued Accounting Standards: In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers , as a new Topic, ASC Topic 606. The new revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle of the guidance is that an entity should apply the following steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract(s), (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract(s), and (v) recognize revenue when, or as, the entity satisfies a performance obligation. This ASU is to be applied retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. In July 2015, the FASB reached a decision to defer the effective date of the amended guidance. In August 2015, ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, was issued which defers the effective date of ASU 2014-09 to annual reporting periods beginning after December 15, 2017. Early adoption is not permitted. The Company is currently evaluating the potential impact of adopting this new accounting standard. In April 2015, the FASB issued ASU No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30), Simplifying the Presentation of Debt Issuance Costs , ("ASU 2015-03"). ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The amendments in ASU 2015-03 are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The Company is currently evaluating the impact this accounting standard will have on the Company’s consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-11, Simplifying the Measurement of Inventory ("ASU 2015-11"). This ASU changes the measurement principle for inventory from the lower of cost or market to lower of cost and net realizable value. Net realizable value is defined as the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation when cost is determined on a first-in, first-out or average cost basis. The provisions of ASU 2015-11 are effective for fiscal years beginning after December 15, 2016. The Company is currently evaluating the impact this accounting standard will have on the Company’s consolidated financial statements. In August 2015, the FASB issued ASU No. 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements (Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting) (“ASU 2015-15”). ASU 2015-15 indicates that the guidance in ASU 2015-03 did not address presentation or subsequent measurement of debt issuance costs related to line of credit arrangements. Given the absence of authoritative guidance within ASU 2015-03, the SEC staff has indicated that they would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the costs ratably over the term of the line of credit arrangement, regardless of whether there are any outstanding borrowings on the line of credit arrangement. ASU 2015-15 is effective for fiscal years, and interim periods within, beginning after December 15, 2015. The Company does not expect the adoption of ASU 2015-15 to have any effect on the Company’s financial position or results of operations. In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740) - Balance Sheet Classification of Deferred Taxes , which will require the presentation of deferred tax assets and liabilities be classified as noncurrent in a classified statement of financial position. The amendments in this update are effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted for all entities as of the beginning of an interim or annual reporting period. The Company early adopted this guidance retrospectively during the fourth quarter of 2015.

SIGNIFICANT ACCOUNTING POLICI31

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Changes in Allowance for Doubtful Accounts	The changes in the allowance for doubtful accounts, included on the consolidated balance sheets as an offset to “Accounts receivable,” for the three years ended December 31, 2015 were as follows (in millions): Balance at Provision for bad debt Write-offs Balance at 2015 $1.7 $0.4 $(0.4) $1.7 2014 $1.3 $0.8 $(0.4) $1.7 2013 $1.6 $0.1 $(0.4) $1.3
Schedule of Inventories	Inventories at December 31, 2015 and 2014 were as follows (in millions): 2015 2014 Sugar inventories $ 16.3 $ 23.3 Asphalt 12.8 21.3 Processed rock, portland cement, and sand 12.2 15.7 Work in progress 3.7 2.8 Retail merchandise 1.6 1.5 Parts, materials and supplies inventories 9.3 17.3 Total $ 55.9 $ 81.9
Schedule of Estimated Useful Lives of Property	Estimated useful lives of property are as follows: Classification Range of Life (in years) Buildings 10 to 40 Water, power and sewer systems 5 to 50 Rock crushing and asphalt plants 25 to 35 Machinery and equipment 2 to 35 Other property improvements 3 to 35
Schedule of Intangible Assets Acquired	Intangible assets acquired in 2015 and 2014 were as follows: 2015 2014 Amount Weighted Average Life (Years) Amount Weighted Average Life (Years) Amortized intangible assets: In-place/favorable leases $ 1.0 2.6 $ 2.1 1.8
Schedule of Intangible Assets	Intangible assets for the years ended December 31, included the following (in millions): 2015 2014 Cost Accumulated Amortization Cost Accumulated Amortization Amortized intangible assets: In-place leases $ 62.6 $ (34.0 ) $ 61.6 $ (25.8 ) Favorable leases 16.6 (9.1 ) 16.6 (7.8 ) Permitted quarry rights 18.0 (1.3 ) 18.0 (0.7 ) Contract backlog 2.6 (2.6 ) 2.6 (2.5 ) Trade name/customer relationships 2.2 (0.6 ) 2.2 (0.3 ) Total assets $ 102.0 $ (47.6 ) $ 101.0 $ (37.1 )
Schedule of Estimated Amortization Expenses Related to Intangible Assets	Estimated amortization expenses related to intangible assets over the next five years are as follows (in millions): Estimated 2016 $6.7 2017 $5.5 2018 $4.7 2019 $4.2 2020 $3.5
Schedule of Changes in the Carrying Amount of Goodwill	The changes in the carrying amount of goodwill allocated to the Company's reportable segments for the years ended December 31, 2015 and 2014 were as follows (in millions): Materials & Construction Real Estate Leasing Total Balance, January 1, 2014 $ 90.3 $ 9.3 $ 99.6 Goodwill increase during the year 3.3 — 3.3 Goodwill allocated to sale of Maui Mall — (0.6 ) (0.6 ) Balance, December 31, 2014 93.6 8.7 102.3 Changes to goodwill — — — Balance, December 31, 2015 $ 93.6 $ 8.7 $ 102.3
Schedule of Components of Accumulated Other Comprehensive Loss, Net of Taxes	The changes in accumulated other comprehensive loss for pension and postretirement plans for the years ended December 31, were as follows (in millions, net of tax): December 31, 2015 2014 Beginning balance $ (44.4 ) $ (30.1 ) Amounts reclassified from accumulated other comprehensive loss, net of tax (0.9 ) (14.3 ) Ending balance $ (45.3 ) $ (44.4 ) The components of accumulated other comprehensive loss, net of taxes, were as follows for the years ended December 31 (in millions): 2015 2014 2013 Unrealized components of benefit plans: Pension plans $ (44.7 ) $ (43.9 ) $ (29.3 ) Post-retirement plans (0.6 ) (0.5 ) (1.1 ) Non-qualified benefit plans — — 0.3 Accumulated other comprehensive loss $ (45.3 ) $ (44.4 ) $ (30.1 )
Schedule of Reclassifications of Other Comprehensive Loss Components	The reclassifications of other comprehensive loss components out of accumulated other comprehensive loss for the years ended December 31, were as follows (in millions): Details about Other Comprehensive Income (Loss) Components 2015 2014 2013 Actuarial gain (loss)* $ (7.1 ) $ (26.7 ) $ 22.4 Prior service cost (0.4 ) — — Amortization of defined benefit pension items reclassified to net periodic pension cost: Net loss* 7.3 4.5 7.7 Prior service credit* (1.3 ) (1.3 ) (1.3 ) Total before income tax (1.5 ) (23.5 ) 28.8 Income taxes 0.6 9.2 (11.7 ) Other comprehensive income (loss) net of tax $ (0.9 ) $ (14.3 ) $ 17.1 * These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 11 for additional details).
Schedule of Impact of Adopting New Accounting Guidance, ASU 2015-17	The impact of adopting the above guidance as of December 31, 2014 was as follows: Deferred tax current assets Total assets Deferred tax long-term liabilities Total liabilities and equity Previously reported $ 8.3 $ 2,329.9 $ 194.0 $ 2,329.9 Balance Sheet Classification of Deferred Taxes (8.3 ) (8.3 ) (8.3 ) (8.3 ) Current presentation $ — $ 2,321.6 $ 185.7 $ 2,321.6
Schedule of Impact of Adopting New Accounting Guidance, ASU 2015-17	The impact of adopting the above guidance as of December 31, 2014 was as follows: Deferred tax current assets Total assets Deferred tax long-term liabilities Total liabilities and equity Previously reported $ 8.3 $ 2,329.9 $ 194.0 $ 2,329.9 Balance Sheet Classification of Deferred Taxes (8.3 ) (8.3 ) (8.3 ) (8.3 ) Current presentation $ — $ 2,321.6 $ 185.7 $ 2,321.6 The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31 of each year are as follows (in millions): 2015 2014 Deferred tax assets: Employee benefits $ 37.1 $ 30.7 Capitalized costs 22.4 21.9 Joint ventures and other investments 4.3 19.0 Impairment and amortization 7.8 6.7 Insurance and other reserves 5.9 4.2 Solar investment benefits* 9.0 4.9 Other 5.7 9.8 Total deferred tax assets $ 92.2 $ 97.2 Deferred tax liabilities: Property (including tax-deferred gains on real estate transactions) $ 279.3 $ 271.8 Straight-line rental income and advanced rent 9.0 8.4 Other 6.0 2.7 Total deferred tax liabilities 294.3 282.9 Net deferred tax liability $ 202.1 $ 185.7 * Certain investment tax credits do not expire under state law and may be carried forward indefinitely.

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Summary of Revenue, Operating Profit, Income Tax Expense and After-tax Effects of Sales Treated as Discontinued Operations	The revenue, operating profit, income tax expense and after-tax effects of these transactions for 2015, 2014 and 2013 were as follows (in millions): 2015 2014 2013 Proceeds from the sale of income-producing properties $ — $ 70.1 $ 337.6 Real Estate Leasing revenue $ — $ 0.3 $ 31.6 Gain on sale of income-producing properties, net $ — $ 55.9 $ 22.1 Real Estate Leasing operating profit — 0.3 14.6 Total operating profit before taxes — 56.2 36.7 Income tax expense — 21.9 14.4 Income from discontinued operations $ — $ 34.3 $ 22.3 Basic Earnings Per Share $ — $ 0.70 $ 0.50 Diluted Earnings Per Share $ — $ 0.70 $ 0.50

INVESTMENTS IN AFFILIATES (Tabl

INVESTMENTS IN AFFILIATES (Tables)	12 Months Ended
	Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Summary of Financial Information for Equity Method Investments	A summary of combined financial information for the Company’s equity method investments at December 31 is as follows (in millions): 2015 2014 Current assets $ 107.1 $ 52.7 Non-current assets 854.0 935.6 Total assets $ 961.1 $ 988.3 Current liabilities $ 64.4 $ 53.0 Non-current liabilities 200.7 245.9 Total liabilities $ 265.1 $ 298.9 Year Ended December 31, 2015 2014 2013 Operating revenue $ 471.7 $ 71.0 $ 37.8 Operating costs and expenses 411.6 65.9 31.1 Operating income $ 60.1 $ 5.1 $ 6.7 Income from continuing operations* $ 57.2 $ 5.0 $ 6.8 Net income $ 56.1 $ 5.0 $ 6.8 * Includes earnings from equity method investments held by the investee.

UNCOMPLETED CONTRACTS (Tables)

UNCOMPLETED CONTRACTS (Tables)	12 Months Ended
	Dec. 31, 2015
Contractors [Abstract]
Schedule of Information Related to Uncompleted Contracts	Information related to uncompleted contracts as of December 31, 2015 and 2014 is as follows (in millions): 2015 2014 Costs incurred on uncompleted contracts $ 80.3 $ 126.7 Estimated earnings 29.2 32.8 Subtotal 109.5 159.5 Less: billings to date 95.8 147.2 Total $ 13.7 $ 12.3 Included in accompanying consolidated balance sheets under the following captions: Costs and estimated earnings in excess of billings on uncompleted contracts $ 16.3 $ 15.9 Estimated billings in excess of costs and estimated earnings on uncompleted contracts (2.6 ) (3.6 ) Total $ 13.7 $ 12.3

PROPERTY (Tables)

PROPERTY (Tables)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Schedule of Property	Property on the consolidated balance sheets includes the following (in millions): December 31, 2015 2014 Buildings $ 571.3 $ 586.7 Land 578.5 588.5 Machinery and equipment 242.6 236.1 Asphalt plants and quarry assets 77.1 65.5 Water, power and sewer systems 145.6 142.6 Other property improvements 86.8 90.7 Vessel 11.3 7.2 Subtotal 1,713.2 1,717.3 Accumulated depreciation (443.8 ) (415.6 ) Property - net $ 1,269.4 $ 1,301.7

NOTES PAYABLE AND LONG-TERM D36

NOTES PAYABLE AND LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Summary of Notes Payable and Long-Term Debt	At December 31, 2015 and 2014 , notes payable and long-term debt consisted of the following (in millions): 2015 2014 Revolving Credit loans (2.10% for 2015 and 2.37% for 2014) $ 77.8 $ 169.8 Term Loans: 3.90%, payable through 2024 75.0 75.0 6.90%, payable through 2020 75.0 80.0 3.88%, payable through 2027 50.0 — 5.55%, payable through 2026 47.0 50.0 5.53%, payable through 2024 31.5 37.5 5.56%, payable through 2026 25.0 25.0 4.35%, payable through 2026 23.4 25.0 4.15%, payable through 2024, secured by Pearl Highlands Center (a) 91.9 93.6 LIBOR plus 2.66%, payable through 2016, secured by The Shops at Kukui'ula (c) 37.0 40.5 LIBOR plus 1.5%, payable through 2021, secured by Kailua Town Center III (b) 11.0 11.2 LIBOR plus 2.63%, payable through 2016, secured by Kahala Estate Properties (d) 8.2 35.2 6.38%, payable through 2017, secured by Midstate Hayes 8.2 8.3 LIBOR plus 1.0%, payable through 2021, secured by asphalt terminal (e) 6.9 8.0 5.19%, payable through 2019 8.4 10.2 1.85%, payable through 2017 5.2 7.9 3.31%, payable through 2018 4.6 6.3 2.00%, payable through 2018 1.5 2.2 2.65%, payable through 2016 0.6 1.2 5.39%, payable through 2015, secured by Waianae Mall — 19.1 Total debt 588.2 706.0 Less debt (premium) discount (0.3 ) (0.4 ) Total debt (contractual) 587.9 705.6 Less current portion (90.4 ) (74.5 ) Add debt premium (discount) 0.3 0.4 Long-term debt $ 497.8 $ 631.5 (a) On December 1, 2014, the Company refinanced and increased the amount of the loan secured by Pearl Highlands Center. (b) Loan has a stated interest rate of LIBOR plus 1.5% , but is swapped through maturity to a 5.95% fixed rate. (c) Loan has an effective interest rate of 2.83% for 2015 and 2.82% for 2014. (d) Loan has an effective interest rate of 2.82% for 2015 and 2.78% for 2014. (e) Loan has a stated interest rate of LIBOR plus 1.0% , but is swapped through maturity to a 5.98% fixed rate.

LEASES - THE COMPANY AS LESSEE

LEASES - THE COMPANY AS LESSEE (Tables)	12 Months Ended
	Dec. 31, 2015
Leases [Abstract]
Schedule of Future Minimum Payments under Non-cancelable Operating Leases	Future minimum payments under non-cancelable operating leases were as follows (in millions): Years Ended December 31, Minimum Lease Payments 2016 $ 5.7 2017 5.6 2018 5.0 2019 4.5 2020 4.5 Thereafter 25.2 Total $ 50.5

LEASES - THE COMPANY AS LESSOR

LEASES - THE COMPANY AS LESSOR (Tables)	12 Months Ended
	Dec. 31, 2015
Leases [Abstract]
Summary of Historical Cost and Accumulated Depreciation of Leased Property	The historical cost of, and accumulated depreciation on, leased property at December 31, 2015 and 2014 were as follows (in millions): 2015 2014 Leased property - real estate $ 1,126.8 $ 1,149.9 Less accumulated depreciation (125.9 ) (118.5 ) Property under operating leases - net $ 1,000.9 $ 1,031.4
Schedule of Total Rental Income, Excluding Tenant Reimbursements under Operating Leases	Total rental income, excluding tenant reimbursements (which totaled $30.2 million , $28.8 million and $24.1 million for the years ended December 31, 2015 , 2014 and 2013 , respectively), under these operating leases was as follows (in millions): Years Ended December 31, 2015 2014 2013 Minimum rentals $ 96.2 $ 89.8 $ 80.5 Contingent rentals (based on sales volume) 4.8 4.7 3.0 Total $ 101.0 $ 94.5 $ 83.5
Schedule of Future Minimum Rentals on Non-cancelable Operating Leases	Future minimum rentals on non-cancelable operating leases at December 31, 2015 were as follows (in millions): Operating Leases 2016 $ 85.0 2017 73.7 2018 61.4 2019 53.2 2020 41.3 Thereafter 282.8 Total $ 597.4

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Schedule of Weighted-Average and Target Asset Allocations	The Company’s weighted-average asset allocations at December 31, 2015 and 2014 , and 2015 year-end target allocation, by asset category, were as follows: Target 2015 2014 Domestic equity securities 34 % 34 % 32 % International equity securities 18 % 18 % 15 % Debt securities 36 % 35 % 44 % Alternatives and other 12 % 10 % 6 % Cash — % 3 % 3 % Total 100 % 100 % 100 %
Schedule of Fair Value of Pension Plan Assets by Asset Category	The fair values of the Company’s pension plan assets at December 31, 2015 and 2014 , by asset category, are as follows (in millions): Fair Value Measurements as of December 31, 2015 Total Quoted Prices in Active Markets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Asset Category Cash $ 3.8 $ 3.8 $ — $ — Equity securities: Domestic 16.7 16.7 — — Domestic exchange-traded funds 33.1 33.1 — — International 18.6 18.6 — — International and emerging markets exchange-traded funds 7.2 7.2 — — Fixed income securities: U.S. Treasury obligations 17.1 17.1 — — Domestic corporate bonds and notes 31.6 — 31.6 — Foreign corporate bonds 3.1 — 3.1 — Other types of investments: Limited partnership interest in private equity fund 0.2 — — 0.2 Exchange-traded global real estate securities 11.2 11.2 Insurance contracts 0.2 — — 0.2 Exchange-traded commodity fund 2.7 2.7 — — Other receivables 0.7 0.7 — — Total $ 146.2 $ 111.1 $ 34.7 $ 0.4 Fair Value Measurements as of December 31, 2014 Total Quoted Prices in Active Markets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Asset Category Cash $ 3.5 $ 3.5 $ — $ — Equity securities: Domestic 18.2 18.2 — — Domestic exchange-traded funds 33.0 33.0 International 9.8 9.7 0.1 — International and emerging markets exchange-traded funds 14.9 14.9 Fixed income securities: U.S. Treasury obligations 24.7 24.7 — — Domestic corporate bonds and notes 40.9 — 40.9 — Foreign corporate bonds 5.4 — 5.4 — Other types of investments: Limited partnership interest in private equity fund 0.3 — — 0.3 Exchange-traded global real estate fund 5.1 5.1 — — Insurance contracts 1.4 — — 1.4 Exchange-traded commodity fund 2.8 2.8 — — Other receivables 0.8 0.8 — — Total $ 160.8 $ 112.7 $ 46.4 $ 1.7
Schedule of Reconciliations of Pension Plan Investments Measured at Fair Value on a Recurring Basis	The table below presents a reconciliation of all pension plan investments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the years ended December 31, 2015 and 2014 (in millions): Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Real Estate Private Equity Insurance Limited Partnership Total Beginning balance, January 1, 2014 $ 7.5 $ 0.3 $ 1.0 $ 6.4 $ 15.2 Actual return on plan assets: Assets held at the reporting date — — 0.4 — 0.4 Assets sold during the period — — — — — Purchases, sales and settlements (7.5 ) — — (6.4 ) (13.9 ) Ending balance, December 31, 2014 — 0.3 1.4 — 1.7 Actual return on plan assets: Assets held at the reporting date — (0.1 ) 0.1 — — Assets sold during the period — — (1.3 ) — (1.3 ) Ending balance, December 31, 2015 $ — $ 0.2 $ 0.2 $ — $ 0.4
Schedule of the Status of Funded Defined Benefit Pension Plan and Unfunded Accumulated Post-retirement Benefit Plans	The status of the funded defined benefit pension plan and the unfunded accumulated post-retirement benefit plans at December 31, 2015 and 2014 are shown below (in millions): Pension Benefits Other Post-retirement Benefits 2015 2014 2015 2014 Change in Benefit Obligation Benefit obligation at beginning of year $ 204.4 $ 175.4 $ 12.0 $ 12.9 Service cost 3.1 2.6 0.1 0.1 Interest cost 8.0 8.3 0.5 0.6 Plan participants’ contributions — — 0.9 0.8 Actuarial (gain) loss (8.9 ) 29.7 0.4 (0.7 ) Benefits paid (12.0 ) (11.6 ) (1.8 ) (1.7 ) Conversion of guaranteed annuity contract (0.4 ) — — — Curtailment — — 0.1 — Amendments 0.4 — — — Benefit obligation at end of year $ 194.6 $ 204.4 $ 12.2 $ 12.0 Change in Plan Assets Fair value of plan assets at beginning of year 160.8 153.4 — — Actual return on plan assets (4.8 ) 13.3 — — Employer contributions 2.6 5.7 0.8 0.9 Participant contributions — — 0.9 0.8 Conversion of guaranteed annuity contract (0.4 ) — — — Benefits paid (12.0 ) (11.6 ) (1.8 ) (1.7 ) Other — — 0.1 — Fair value of plan assets at end of year $ 146.2 $ 160.8 $ — $ — Funded Status and Recognized Liability $ (48.4 ) $ (43.6 ) $ (12.2 ) $ (12.0 )
Summary of Amounts Recognized on the Consolidated Balance Sheets and in Accumulated Other Comprehensive Loss	Amounts recognized on the consolidated balance sheets and in accumulated other comprehensive loss at December 31, 2015 and 2014 were as follows (in millions): Pension Benefits Other Post-retirement Benefits 2015 2014 2015 2014 Current liabilities — — (0.9 ) (0.8 ) Non-current liabilities (48.4 ) (43.6 ) (11.3 ) (11.2 ) Total $ (48.4 ) $ (43.6 ) $ (12.2 ) $ (12.0 ) Net loss (net of taxes) $ 47.3 $ 47.3 $ 0.6 $ 0.5 Unrecognized prior service credit (net of taxes) (2.6 ) (3.4 ) — — Total $ 44.7 $ 43.9 $ 0.6 $ 0.5
Summary of Information for Qualified Pension Plans with an Accumulated Benefit Obligation in Excess of Plan Assets	The information for qualified pension plans with an accumulated benefit obligation in excess of plan assets at December 31, 2015 and 2014 is shown below (in millions): 2015 2014 Projected benefit obligation $ 194.6 $ 204.4 Accumulated benefit obligation $ 193.7 $ 203.2 Fair value of plan assets $ 146.2 $ 160.8
Summary of Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Loss	Components of the net periodic benefit cost and other amounts recognized in other comprehensive loss for the defined benefit pension plans and the post-retirement health care and life insurance benefit plans during 2015 , 2014 , and 2013 , are shown below (in millions): Pension Benefits Other Post-retirement Benefits 2015 2014 2013 2015 2014 2013 Components of Net Periodic Benefit Cost Service cost $ 3.1 $ 2.6 $ 2.6 $ 0.1 $ 0.1 $ 0.1 Interest cost 8.0 8.3 7.6 0.5 0.6 0.4 Expected return on plan assets (11.1 ) (10.7 ) (10.9 ) — — — Amortization of net loss 6.9 4.0 7.7 0.1 0.3 (0.2 ) Amortization of prior service cost (0.8 ) (0.8 ) (0.8 ) — — — Curtailment (gain)/loss — — — 0.1 — (0.5 ) Net periodic benefit cost 6.1 3.4 6.2 0.8 1.0 (0.2 ) Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss) Net loss (gain) $ 7.0 $ 27.1 $ (24.7 ) $ 0.4 $ (0.6 ) $ 3.0 Amortization of unrecognized gain (loss) (6.9 ) (4.0 ) (7.7 ) (0.1 ) (0.3 ) 0.2 Amortization of prior service credit 0.8 0.8 0.8 — — — Prior service cost 0.4 — — — — — Total recognized in other comprehensive income 1.3 23.9 (31.6 ) 0.3 (0.9 ) 3.2 Total recognized in net periodic benefit cost and other comprehensive income $ 7.4 $ 27.3 $ (25.4 ) $ 1.1 $ 0.1 $ 3.0
Summary of Weighted Average Assumptions used to Determine Benefit Information	The weighted average assumptions used to determine benefit information during 2015 , 2014 and 2013 were as follows: Pension Benefits Other Post-retirement Benefits 2015 2014 2013 2015 2014 2013 Weighted Average Assumptions: Discount rate 4.50 % 4.00 % 4.90 % 4.50 % 4.10 % 4.90 % Expected return on plan assets 7.10 % 7.10 % 8.00 % — % — % — % Rate of compensation increase 0.5%-3% 0.5%-3% 3.00 % 0.5%-3% 3.00 % 3.00 % Initial health care cost trend rate 7.00 % 7.30 % 7.50 % Ultimate rate 4.50 % 4.50 % 4.50 % Year ultimate rate is reached 2037 2028 2028
Summary of Effect of One-Percentage-Point Change in Accumulated Post-retirement Benefit Obligation	If the assumed health care cost trend rate were increased or decreased by one percentage point, the accumulated post-retirement benefit obligation, as of December 31, 2015 , 2014 and 2013 and the net periodic post-retirement benefit cost for 2015 , 2014 and 2013 , would have increased or decreased as follows (in millions): Other Post-retirement Benefits One Percentage Point Increase Decrease 2015 2014 2013 2015 2014 2013 Effect on total of service and interest cost components $ 0.1 $ 0.1 $ — $ — $ (0.1 ) $ — Effect on post-retirement benefit obligation $ 1.1 $ 1.1 $ 1.2 $ (0.9 ) $ (0.9 ) $ (1.0 )
Schedule of Estimated Future Benefit Payments for the Next Ten Years	The estimated future benefit payments for the next ten years are as follows (in millions): Pension Non-qualified Post-retirement Year Benefits Plan Benefits Benefits 2016 $ 11.5 $ 4.2 $ 1.0 2017 $ 11.7 $ 0.1 $ 1.0 2018 $ 11.9 $ 1.0 $ 1.0 2019 $ 12.1 $ 0.1 $ 1.0 2020 $ 12.4 $ — $ 0.9 2021-2025 $ 64.0 $ 2.6 $ 3.9
Schedule of Multiemployer Plans	There were no plans where the Company contributed more than 5 percent of the total contributions. Pension Protection Act Zone Status FIP/RP Status Contribution by Entity Contribution by Entity Surcharge Imposed Expiration Date Current Plan Year End EIN Plan No. 2015 and 2014 Pending/Implemented Jan. 1 - Dec. 31, 2015 Jan. 1 - Dec. 31, 2014 Fund Operating Engineers 94-6090764; 001 Red Yes $ 4.6 $ 4.3 No 9/2/19 12/31/15 Laborers National 52-6074345; 001 Red Yes 0.1 0.1 No 8/31/18 12/31/15 Hawaii Laborers 99-6025107; 001 Green No 0.8 0.5 No 8/31/19 2/28/15 Hawaii Laborers 99-6025107; 001 Green No 0.2 0.1 No 9/30/19 2/28/15 $ 5.7 $ 5.0

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense (Benefit) on Income from Continuing Operations	The income tax expense (benefit) on income from continuing operations for each of the three years in the period ended December 31, 2015 consisted of the following (in millions): 2015 2014 2013 Current: Federal $ 0.8 $ 11.2 $ 17.1 State (1.2 ) 2.8 2.1 Current (0.4 ) 14.0 19.2 Deferred: Federal 14.6 (7.8 ) (5.7 ) State 2.3 (7.6 ) (2.4 ) Deferred 16.9 (15.4 ) (8.1 ) Income tax expense (benefit) $ 16.5 $ (1.4 ) $ 11.1
Schedule of Income Tax Reconciliation	Income tax expense (benefit) for 2015 , 2014 and 2013 differs from amounts computed by applying the statutory federal rate to income from continuing operations before income taxes for the following reasons (in millions): 2015 2014 2013 Computed federal income tax expense $ 16.6 $ 10.1 $ 8.3 State income taxes 0.7 (4.1 ) 1.0 Non-deductible transaction costs — — 1.6 Charitable contribution — — (0.2 ) Federal solar tax credits — (11.3 ) — Other—net (0.8 ) 3.9 0.4 Income tax expense (benefit) $ 16.5 $ (1.4 ) $ 11.1
Schedule of Tax effects of Temporary Differences Affecting Deferred Tax Assets and Deferred Tax Liabilities	The impact of adopting the above guidance as of December 31, 2014 was as follows: Deferred tax current assets Total assets Deferred tax long-term liabilities Total liabilities and equity Previously reported $ 8.3 $ 2,329.9 $ 194.0 $ 2,329.9 Balance Sheet Classification of Deferred Taxes (8.3 ) (8.3 ) (8.3 ) (8.3 ) Current presentation $ — $ 2,321.6 $ 185.7 $ 2,321.6 The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31 of each year are as follows (in millions): 2015 2014 Deferred tax assets: Employee benefits $ 37.1 $ 30.7 Capitalized costs 22.4 21.9 Joint ventures and other investments 4.3 19.0 Impairment and amortization 7.8 6.7 Insurance and other reserves 5.9 4.2 Solar investment benefits* 9.0 4.9 Other 5.7 9.8 Total deferred tax assets $ 92.2 $ 97.2 Deferred tax liabilities: Property (including tax-deferred gains on real estate transactions) $ 279.3 $ 271.8 Straight-line rental income and advanced rent 9.0 8.4 Other 6.0 2.7 Total deferred tax liabilities 294.3 282.9 Net deferred tax liability $ 202.1 $ 185.7 * Certain investment tax credits do not expire under state law and may be carried forward indefinitely.

SHARE-BASED AWARDS (Tables)

SHARE-BASED AWARDS (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock Option Activity	Activity in the Company’s stock option plans in 2015 was as follows (in thousands, except weighted average exercise price and weighted average contractual life): 2012 Plan Weighted Average Exercise Price Weighted Average Contractual Life Aggregate Intrinsic Value Outstanding, January 1, 2015 1,124.6 $18.84 Exercised (26.0 ) $20.13 Outstanding, December 31, 2015 1,098.6 $18.81 3.6 $18,235 Vested or expected to vest 1,098.6 $18.81 3.6 $18,235 Exercisable, December 31, 2015 1,098.6 $18.81 3.6 $18,235
Summary of Non-vested Restricted Stock Unit Activity	The following table summarizes 2015 non-vested restricted stock unit activity (in thousands, except weighted average grant-date fair value amounts): 2012 Plan Restricted Stock Units Weighted Average Grant-Date Fair Value Outstanding, January 1, 2015 279.0 $33.76 Granted 124.7 $40.85 Vested (106.4 ) $31.58 Canceled (25.4 ) $35.14 Outstanding, December 31, 2015 271.9 $37.74
Schedule of Fair Value Assumptions of Performance-based Awards	The fair value of the Company’s time-based awards is determined using the Company's stock price on the date of grant. The fair value of the Company's market-based awards is estimated using the Company's stock price on the date of grant and the probability of vesting using a Monte Carlo simulation with the following weighted average assumptions: 2015 2014 Volatility of A&B common stock 29.5 % 25.4 % Average volatility of peer companies 34.2 % 27.3 % Risk-free interest rate 0.70 % 0.37 %
Summary of Compensation Cost Related to Share-based Payments	A summary of compensation cost related to share-based payments is as follows (in millions): 2015 2014 2013 Share-based expense (net of estimated forfeitures): Stock options $ — $ 0.3 $ 0.7 Incremental share-based compensation cost related to separation — 0.2 0.5 Time-based and market-based restricted stock units 4.6 4.4 3.0 Total share-based expense 4.6 4.9 4.2 Total recognized tax benefit (1.2 ) (1.5 ) (1.3 ) Share-based expense (net of tax) $ 3.4 $ 3.4 $ 2.9 Cash received upon option exercise $ 0.5 $ 4.5 $ 7.6 Intrinsic value of options exercised $ 0.5 $ 5.4 $ 6.7 Tax benefit realized upon option exercise $ 0.2 $ 2.0 $ 2.5 Fair value of stock vested $ 4.2 $ 2.6 $ 5.2

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Summary of Commitments, Guarantees and Contingencies	Commitments and financial arrangements not recorded on the Company's consolidated balance sheet, excluding lease commitments that are disclosed in Note 9, included the following as of December 31, 2015 (in millions): Standby letters of credit (a) $ 11.8 Bonds (b) $ 405.0 (a) Consists of standby letters of credit, issued by the Company’s lenders under the Company’s revolving credit facilities, and relate primarily to the Company’s real estate activities. In the event the letters of credit are drawn upon, the Company would be obligated to reimburse the issuer of the letter of credit. None of the letters of credit has been drawn upon to date, and the Company believes it is unlikely that any of these letters of credit will be drawn upon. (b) Represents bonds related to construction and real estate activities in Hawaii. Approximately $381.3 million is related to construction bonds issued by third party sureties (bid, performance and payment bonds) and the remainder is related to commercial bonds issued by third party sureties (permit, subdivision, license and notary bonds). In the event the bonds are drawn upon, the Company would be obligated to reimburse the surety that issued the bond. None of the bonds has been drawn upon to date, and the Company believes it is unlikely that any of these bonds will be drawn upon.

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Derivative Financial Instruments	The table below presents the fair value of derivative financial instruments, which are included in Other non-current liabilities in the consolidated balance sheets (in millions): As of December 31, Classified in Other non-current liabilities 2015 2014 Interest rate swap liability - floating to fixed rate $ 2.5 $ 2.9

EARNINGS PER SHARE "EPS" (Table

EARNINGS PER SHARE "EPS" (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Summary of Reconciliation of Income from Continuing Operations and Number of Shares used to Compute Basic and Diluted Earnings per Share	The following table provides a reconciliation of income from continuing operations to income from continuing operations available to A&B shareholders (in millions): 2015 2014 2013 Income from continuing operations, net of tax $ 31.1 $ 30.2 $ 12.5 Less: Noncontrolling interest (1.5 ) (3.1 ) (0.5 ) Income from continuing operations attributable to A&B shareholders, net of tax 29.6 27.1 12.0 Less: Undistributed earnings allocated to redeemable noncontrolling interest (3.1 ) — — Income from continuing operations available to A&B shareholders, net of tax 26.5 27.1 12.0 Income from discontinued operations available to A&B shareholders, net of tax — 34.3 22.3 Net income available to A&B shareholders $ 26.5 $ 61.4 $ 34.3 The number of shares used to compute basic and diluted earnings per share is as follows (in millions): 2015 2014 2013 Denominator for basic EPS - weighted average shares outstanding 48.9 48.7 44.4 Effect of dilutive securities: Non-participating stock options and restricted stock unit awards 0.4 0.6 0.7 Denominator for diluted EPS - weighted average shares outstanding 49.3 49.3 45.1

CESSATION OF HC&S SUGAR OPERA45

CESSATION OF HC&S SUGAR OPERATIONS (Tables)	12 Months Ended
	Dec. 31, 2015
Restructuring and Related Activities [Abstract]
Summary of Pre-tax Costs and Remaining Costs Associated with Restructuring and Summary of Activity Related to Cessation Accruals	A summary of the pre-tax costs and remaining costs associated with the restructuring is as follows (in millions): Recognized as of December 31, 2015 Range of remaining amount to be Recognized Total Employee severance benefits and related costs $ 13.4 $9.6 - $14.6 $23.0 - $28.0 Asset write-offs and accelerated depreciation 9.2 59.8 - 66.8 69.0 - 76.0 Property removal, restoration and other exit-related costs — 20.0 - 29.0 20.0 - 29.0 Total Cessation costs $ 22.6 $89.4 - $110.4 $112.0 - $133.0 The following table summarizes the activity related to the Cessation accruals during the year ended December 31, 2015 (in millions): Employee Severance Benefits and Related Costs Balance at January 1, 2015 $ — Cessation charges 13.4 Balance at December 31, 2015 $ 13.4

SEGMENT RESULTS (Tables)

SEGMENT RESULTS (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Schedule of Operating Segment Information	Operating segment information for 2015 , 2014 and 2013 is summarized as below (in millions): For the Year Ended December 31, 2015 2014 2013 Revenue: Real Estate: 1,4 Leasing $ 133.8 $ 125.6 $ 110.4 Development and Sales 131.5 150.0 423.0 Less amounts reported in discontinued operations 1 — (70.4 ) (369.2 ) Reconciling items 4 (31.0 ) — — Materials and Construction 2 219.0 234.3 54.9 Agribusiness 117.2 120.5 146.1 Total revenue $ 570.5 $ 560.0 $ 365.2 Operating profit (loss): Real Estate: Leasing $ 53.1 $ 47.5 $ 43.4 Development and Sales 3 65.0 85.7 44.4 Less amounts reported in discontinued operations 1 — (56.2 ) (36.7 ) Materials and Construction 2 30.9 25.9 2.9 Agribusiness operations (29.3 ) (11.8 ) 10.7 Agribusiness cessation costs 5 (22.6 ) — — Total operating profit 97.1 91.1 64.7 Interest expense (26.8 ) (29.0 ) (19.1 ) General corporate expenses (20.1 ) (18.6 ) (17.4 ) Reduction in KRS II carrying value, net (Note 5, 12, 14) 9 (2.6 ) (14.7 ) — Separation/Acquisition Costs — — (4.6 ) Income from continuing operations before income taxes 47.6 28.8 23.6 Income tax expense (benefit) 16.5 (1.4 ) 11.1 Income from continuing operations 31.1 30.2 12.5 Income from discontinued operations (net of income taxes) — 34.3 22.3 Net income 31.1 64.5 34.8 Income attributable to noncontrolling interest (1.5 ) (3.1 ) (0.5 ) Net income attributable to A&B $ 29.6 $ 61.4 $ 34.3 1 Amounts recast to reflect discontinued operations. 2 2013 includes the results, capital expenditures, and depreciation and amortization of Grace from the acquisition date of October 1, 2013 through December 31, 2013. 3 The Real Estate Development and Sales segment includes approximately $30.2 million , $2.0 million , and $4.2 million in equity in earnings from its various real estate joint ventures for 2015 , 2014 , and 2013 , respectively. Included in operating profit are non-cash impairment and equity losses of $0.3 million related to the sale of Crossroads in 2014 and $6.3 million related to the consolidation of The Shops at Kukui'ula in 2013. 4 2015 amounts represent the sales of an office building in Washington in December 2015, a Colorado retail property in March 2015 and a Texas office building in May 2015 that are classified as cost of sales and development in the Consolidated Statement of Income, but reflected as revenue for segment reporting purposes. 5 Costs related to the cessation of HC&S sugar operation. As of December 31, 2015 2014 2013 Identifiable Assets: Real Estate: Leasing $ 1,058.8 $ 1,121.1 $ 1,113.0 Development and Sales 6 622.0 633.9 640.4 Agribusiness 151.5 159.7 155.3 Materials and Construction 386.6 385.9 358.7 Other 10 24.6 21.0 8.4 Total assets $ 2,243.5 $ 2,321.6 $ 2,275.8 Capital Expenditures: Real Estate: Leasing 7 $ 23.0 $ 51.8 $ 488.5 Development and Sales 8 — — 0.1 Agribusiness 13.1 10.8 11.8 Materials and Construction 2 7.2 10.7 4.8 Other 1.4 1.8 0.1 Total capital expenditures $ 44.7 $ 75.1 $ 505.3 Depreciation and Amortization: Real Estate: Leasing 1 $ 30.3 $ 26.9 $ 24.3 Development and Sales 0.2 0.2 0.2 Agribusiness 12.1 11.5 11.7 Materials and Construction 2 11.6 15.2 4.4 Other 1.5 1.2 1.1 Total depreciation and amortization $ 55.7 $ 55.0 $ 41.7 6 The Real Estate Development and Sales segment includes approximately $379.7 million , $383.8 million , and $335.0 million related to its investment in various real estate joint ventures as of December 31, 2015 , 2014 , and 2013 , respectively. 7 Represents gross capital additions to the leasing portfolio, including gross tax-deferred property purchases, but excluding the assumption of debt, that are reflected as non-cash transactions in the Consolidated Statements of Cash Flows. 8 Excludes expenditures for real estate developments held for sale which are classified as Cash Flows from Operating Activities within the Consolidated Statements of Cash Flows and excludes investment in joint ventures classified as Cash Flows from Investing Activities. Operating cash flows for expenditures related to real estate developments were $7.2 million , $41.7 million , and $150.6 million for 2015 , 2014 , and 2013 , respectively. Investments in real estate joint ventures were $25.8 million , $28.7 million , and $22.2 million in 2015 , 2014 , and 2013 , respectively. 9 Represents a non-cash reduction in the carrying value of a $23.8 million tax equity investment in a 12-megawatt solar farm on Kauai (KRS II) that was made in July 2014. Tax benefits associated with the KRS II investment are accompanied by non-cash reductions of the investment's carrying value. Tax benefits associated with the investment are included in the Income tax expense (benefit) line item in the Consolidated Statements of Income. 10 Amounts recast to reflect adoption of FASB Accounting Standard Update No. 2015-17, Income Taxes (Topic 740) - Balance Sheet Classification of Deferred Taxes. Unaudited quarterly segment results for the years ended December 31, 2015 and 2014 were as follows (in millions): 2015 (Unaudited) Q1 Q2 Q3 Q4 Revenue: Real Estate: Leasing $ 32.7 $ 34.8 $ 33.0 $ 33.3 Development and Sales 36.5 52.4 19.9 22.7 Reconciling items 3 (4.3 ) (16.7 ) — (10.0 ) Materials and Construction 56.9 57.4 51.0 53.7 Agribusiness 28.9 25.8 40.8 21.7 Total revenue $ 150.7 $ 153.7 $ 144.7 $ 121.4 Operating profit (loss) Real Estate: Leasing $ 13.2 $ 13.9 $ 12.5 $ 13.5 Development and Sales 4 32.0 14.3 11.2 7.5 Materials and Construction 7.2 7.0 7.5 9.2 Agribusiness operations 1.9 (4.7 ) (9.0 ) (17.5 ) Agribusiness cessation costs 5 — — — (22.6 ) Total operating profit 54.3 30.5 22.2 (9.9 ) Interest expense (7.1 ) (6.6 ) (6.5 ) (6.6 ) General corporate expenses (5.6 ) (5.3 ) (4.8 ) (4.4 ) Reduction in KRS II carrying value (Notes 5, 12, 14) 2 (0.1 ) (1.5 ) (0.1 ) (0.9 ) Income (loss) from continuing operations before income taxes 41.5 17.1 10.8 (21.8 ) Income tax expense (benefit) 15.6 7.0 3.8 (9.9 ) Income (loss) from continuing operations 25.9 10.1 7.0 (11.9 ) Income from discontinued operations (net of income taxes) — — — — Net income (loss) 25.9 10.1 7.0 (11.9 ) Income attributable to noncontrolling interest (0.6 ) (0.3 ) (0.3 ) (0.3 ) Net income (loss) attributable to A&B 25.3 9.8 6.7 (12.2 ) Less: Undistributed earnings allocated to redeemable noncontrolling interest 6 — — (1.3 ) (1.8 ) Net income (loss) available to A&B shareholders $ 25.3 $ 9.8 $ 5.4 $ (14.0 ) Earnings per share available to A&B shareholders: Basic $ 0.52 $ 0.20 $ 0.11 $ (0.29 ) Diluted $ 0.51 $ 0.20 $ 0.11 $ (0.29 ) Weighted average shares: Basic 48.8 48.9 48.9 48.9 Diluted 49.3 49.4 49.3 48.9 2014 (Unaudited) Q1 Q2 Q3 Q4 Revenue: Real Estate: Leasing $ 31.2 $ 31.0 $ 31.3 $ 32.1 Development and Sales 71.0 21.4 18.2 39.4 Less amounts reported in discontinued operations 1 (70.4 ) — — — Materials and Construction 50.1 64.5 58.4 61.3 Agribusiness 12.9 29.8 45.5 32.3 Total revenue $ 94.8 $ 146.7 $ 153.4 $ 165.1 Operating profit (loss) Real Estate: Leasing $ 11.8 $ 12.0 $ 12.1 $ 11.6 Development and Sales 4 52.3 7.8 11.4 14.2 Less amounts reported in discontinued operations 1 (56.2 ) — — — Materials and Construction 3.4 8.0 5.9 8.6 Agribusiness 3.0 0.4 (7.3 ) (7.9 ) Total operating profit 14.3 28.2 22.1 26.5 Interest expense (7.2 ) (7.2 ) (7.2 ) (7.4 ) General corporate expenses (5.2 ) (4.3 ) (3.9 ) (5.2 ) Reduction in KRS II carrying value (Notes 5, 12, 14) 2 — — (15.1 ) 0.4 Income (loss) from continuing operations before income taxes 1.9 16.7 (4.1 ) 14.3 Income tax expense (benefit) 0.8 6.5 (14.9 ) 6.2 Income from continuing operations 1.1 10.2 10.8 8.1 Income from discontinued operations (net of income taxes) 34.3 — — — Net income 35.4 10.2 10.8 8.1 Income attributable to noncontrolling interest (0.4 ) (1.0 ) (0.6 ) (1.1 ) Net income attributable to A&B shareholders $ 35.0 $ 9.2 $ 10.2 $ 7.0 Earnings per share attributable to A&B shareholders: Basic $ 0.72 $ 0.19 $ 0.21 $ 0.14 Diluted $ 0.71 $ 0.19 $ 0.21 $ 0.14 Weighted average shares: Basic 48.7 48.7 48.8 48.8 Diluted 49.2 49.3 49.3 49.3 1 Amounts recast to reflect discontinued operations. 2 Represents a non-cash reduction in the carrying value of a $23.8 million tax equity investment in a 12-megawatt solar farm on Kauai (KRS II) that was made in July 2014. Tax benefits associated with the KRS II investment are accompanied by non-cash reductions of the investment's carrying value. 3 2015 amounts represent the sales of an office building in Washington in December 2015, a Colorado retail property in March 2015 and a Texas office building in May 2015 that are classified as cost of sales and development in the Consolidated Statement of Income, but reflected as revenue for segment reporting purposes. 4 The Real Estate Development and Sales segment includes approximately $30.2 million and $2.0 million in equity in earnings from its various real estate joint ventures for 2015 and 2014 , respectively. 5 Costs related to the cessation of HC&S sugar operation. 6 The Company deducted $1.3 million and $1.8 million of undistributed earnings allocated to redeemable noncontrolling interests from "net income (loss) attributable to A&B shareholders" in calculating "Earnings (loss) per share attributable to A&B shareholders" for each of the three months ended September 30 and December 31, 2015, respectively.

BACKGROUND AND BASIS OF PRESE47

BACKGROUND AND BASIS OF PRESENTATION - Narrative (Details)	12 Months Ended
	Dec. 31, 2015EmployeeSegment
Segment Reporting Information [Line Items]
Number of operating segments | Segment	4
Agribusiness
Segment Reporting Information [Line Items]
Eventual layoff, number of employees (over) | Employee	650

SIGNIFICANT ACCOUNTING POLICI48

SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($)	3 Months Ended									12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Jul. 31, 2014	Oct. 01, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Ownership interest percentage in subsidiaries	70.00%									70.00%
Bank overdrafts	$ 0				$ 3,000,000					$ 0	$ 3,000,000
Total interest cost incurred										29,100,000	31,000,000	$ 20,800,000
Capitalized interest										2,300,000	1,900,000	1,800,000
Non-cash reduction in equity method investments	900,000	$ 100,000	$ 1,500,000	$ 100,000	(400,000)	$ 15,100,000	$ 0	$ 0		2,600,000	14,700,000	0
Impairment and equity losses										0	300,000	6,600,000
Aggregate intangible asset amortization										10,500,000	11,200,000	9,300,000
Goodwill	102,300,000				102,300,000				$ 99,600,000	102,300,000	102,300,000	99,600,000
Tax benefit related to equity method investments recognized	9,900,000	$ (3,800,000)	$ (7,000,000)	$ (15,600,000)	(6,200,000)	$ 14,900,000	$ (6,500,000)	$ (800,000)		(16,500,000)	1,400,000	(11,100,000)
Grace Pacific Corporation
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Goodwill														$ 93,600,000
Kukui'ula Village LLC
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Goodwill									9,300,000			9,300,000
Grace Pacific Corporation and Shops at Kukui'ula
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Purchase accounting adjustments to goodwill											3,300,000
KRS II
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment in various real estate joint ventures	4,400,000				8,400,000					4,400,000	8,400,000		$ 23,800,000
Non-cash reduction in equity method investments										2,600,000	14,700,000
Tax benefit related to equity method investments recognized											13,700,000
Kukui'ula Village LLC
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impairment and equity losses												6,300,000
Materials & Construction
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accounts receivable and contracts retention	7,300,000				6,000,000					7,300,000	6,000,000
Accounts and contracts payable	600,000				600,000					600,000	600,000
Goodwill	93,600,000				93,600,000				90,300,000	$ 93,600,000	93,600,000	90,300,000
Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Terms of construction contracts										1 year
Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Terms of construction contracts										3 years
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of recorded loan	588,200,000				706,000,000					$ 588,200,000	706,000,000
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of recorded loan	$ 597,000,000				$ 729,600,000					597,000,000	729,600,000
City and County of Honolulu | Customer Concentration Risk | Materials & Construction
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revenues									14,300,000	38,100,000	37,500,000
State of Hawaii | Customer Concentration Risk | Materials & Construction
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revenues									$ 8,900,000	80,800,000	79,600,000
C&H Sugar Company, Inc | Customer Concentration Risk | Materials & Construction
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revenues										$ 71,600,000	$ 65,500,000	$ 87,600,000
Investments in Majority-owned Subsidiaries | GPRM Prestress, LLC
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Ownership interest percentage in subsidiaries	51.00%									51.00%
Investments in Majority-owned Subsidiaries | GLP Alphalt, LLC
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Ownership interest percentage in subsidiaries	70.00%									70.00%

SIGNIFICANT ACCOUNTING POLICI49

SIGNIFICANT ACCOUNTING POLICIES - Summary of Changes in Allowance for Doubtful Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance at Beginning of year	$ 1.7	$ 1.3	$ 1.6
Provision for bad debt	0.4	0.8	0.1
Write-offs and Other	(0.4)	(0.4)	(0.4)
Balance at End of Year	$ 1.7	$ 1.7	$ 1.3

SIGNIFICANT ACCOUNTING POLICI50

SIGNIFICANT ACCOUNTING POLICIES - Schedule of Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Inventory [Line Items]
Inventories	$ 55.9	$ 81.9
Sugar inventories
Inventory [Line Items]
Inventories	16.3	23.3
Asphalt
Inventory [Line Items]
Inventories	12.8	21.3
Processed rock, portland cement, and sand
Inventory [Line Items]
Inventories	12.2	15.7
Work in progress
Inventory [Line Items]
Inventories	3.7	2.8
Retail merchandise
Inventory [Line Items]
Inventories	1.6	1.5
Parts, materials and supplies inventories
Inventory [Line Items]
Inventories	$ 9.3	$ 17.3

SIGNIFICANT ACCOUNTING POLICI51

SIGNIFICANT ACCOUNTING POLICIES - Schedule of Estimated Useful Lives of Property (Details)	12 Months Ended
	Dec. 31, 2015
Buildings | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property	10 years
Buildings | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property	40 years
Water, power and sewer systems | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property	5 years
Water, power and sewer systems | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property	50 years
Rock crushing and asphalt plants | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property	25 years
Rock crushing and asphalt plants | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property	35 years
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property	2 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property	35 years
Other property improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property	3 years
Other property improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property	35 years

SIGNIFICANT ACCOUNTING POLICI52

SIGNIFICANT ACCOUNTING POLICIES - Schedule of Intangible Assets Acquired (Details) - In-place/favorable leases - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 1	$ 2.1
Weighted Average Life (Years)	2 years 7 months 12 days	1 year 9 months 12 days

SIGNIFICANT ACCOUNTING POLICI53

SIGNIFICANT ACCOUNTING POLICIES - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Cost	$ 102	$ 101
Accumulated Amortization	(47.6)	(37.1)
In-place leases
Finite-Lived Intangible Assets [Line Items]
Cost	62.6	61.6
Accumulated Amortization	(34)	(25.8)
Favorable leases
Finite-Lived Intangible Assets [Line Items]
Cost	16.6	16.6
Accumulated Amortization	(9.1)	(7.8)
Permitted quarry rights
Finite-Lived Intangible Assets [Line Items]
Cost	18	18
Accumulated Amortization	(1.3)	(0.7)
Contract backlog
Finite-Lived Intangible Assets [Line Items]
Cost	2.6	2.6
Accumulated Amortization	(2.6)	(2.5)
Trade name/customer relationships
Finite-Lived Intangible Assets [Line Items]
Cost	2.2	2.2
Accumulated Amortization	$ (0.6)	$ (0.3)

SIGNIFICANT ACCOUNTING POLICI54

SIGNIFICANT ACCOUNTING POLICIES - Schedule of Estimated Amortization Expenses Related to Intangible Assets (Details) $ in Millions	Dec. 31, 2015USD ($)
Accounting Policies [Abstract]
2,016	$ 6.7
2,017	5.5
2,018	4.7
2,019	4.2
2,020	$ 3.5

SIGNIFICANT ACCOUNTING POLICI55

SIGNIFICANT ACCOUNTING POLICIES - Schedule of Changes in the Carrying Amount of Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 102.3	$ 99.6
Goodwill increase during the year	0	3.3
Goodwill allocated to sale of Maui Mall		(0.6)
Goodwill, ending balance	102.3	102.3
Materials & Construction
Goodwill [Roll Forward]
Goodwill, beginning balance	93.6	90.3
Goodwill increase during the year	0	3.3
Goodwill allocated to sale of Maui Mall		0
Goodwill, ending balance	93.6	93.6
Real Estate Leasing
Goodwill [Roll Forward]
Goodwill, beginning balance	8.7	9.3
Goodwill increase during the year	0	0
Goodwill allocated to sale of Maui Mall		(0.6)
Goodwill, ending balance	$ 8.7	$ 8.7

SIGNIFICANT ACCOUNTING POLICI56

SIGNIFICANT ACCOUNTING POLICIES - Schedule of Components of Accumulated Other Comprehensive Loss, Net of Taxes (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Unrealized components of benefit plans:
Pension plans	$ (44.7)	$ (43.9)	$ (29.3)
Post-retirement plans	(0.6)	(0.5)	(1.1)
Non-qualified benefit plans	0	0	0.3
Accumulated other comprehensive loss	$ (45.3)	$ (44.4)	$ (30.1)

SIGNIFICANT ACCOUNTING POLICI57

SIGNIFICANT ACCOUNTING POLICIES - Schedule of Components of Accumulated Other Comprehensive Loss for Pension and Postretirement Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ (44.4)	$ (30.1)
Amounts reclassified from accumulated other comprehensive loss, net of tax	(0.9)	(14.3)
Ending balance	$ (45.3)	$ (44.4)

SIGNIFICANT ACCOUNTING POLICI58

SIGNIFICANT ACCOUNTING POLICIES - Schedule of Reclassifications of Other Comprehensive Loss Components (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
Actuarial gain (loss)	$ (7.1)	$ (26.7)	$ 22.4
Prior service cost	(0.4)	0	0
Amortization of defined benefit pension items reclassified to net periodic pension cost:
Net loss	7.3	4.5	7.7
Prior service credit	(1.3)	(1.3)	(1.3)
Total before income tax	(1.5)	(23.5)	28.8
Income taxes	0.6	9.2	(11.7)
Other Comprehensive Income (Loss)	$ (0.9)	$ (14.3)	$ 17.1

SIGNIFICANT ACCOUNTING POLICI59

SIGNIFICANT ACCOUNTING POLICIES - Schedule of Impact of Adopting New Accounting Guidance, ASU 2015-17 (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total assets	$ 2,243.5	$ 2,321.6	$ 2,275.8
Deferred tax long-term liabilities	202.1	185.7
Total liabilities and equity	$ 2,243.5	2,321.6
ASU 2015-17 | Previously reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Deferred tax current assets		8.3
Total assets		2,329.9
Deferred tax long-term liabilities		194
Total liabilities and equity		2,329.9
ASU 2015-17 | Balance Sheet Classification of Deferred Taxes
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Deferred tax current assets		(8.3)
Total assets		(8.3)
Deferred tax long-term liabilities		(8.3)
Total liabilities and equity		(8.3)
ASU 2015-17 | Current presentation
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Deferred tax current assets		0
Total assets		2,321.6
Deferred tax long-term liabilities		185.7
Total liabilities and equity		$ 2,321.6

RELATED PARTY TRANSACTIONS - Na

RELATED PARTY TRANSACTIONS - Narrative (Details) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Affiliated Entity | Materials & Construction | Supplier Contracts
Related Party Transaction [Line Items]
Related party revenue			$ 23,000,000	$ 23,900,000	$ 7,900,000
Receivable from affiliates			2,700,000	$ 3,000,000
Affiliated Entity | Real Estate Leasing and Development | Developer Fee Revenues
Related Party Transaction [Line Items]
Related party revenue			$ 2,900,000
Former Executive | Consulting Agreement | Scenario, Forecast
Related Party Transaction [Line Items]
Amount to pay in exchange for services		$ 200,000
Former Executive | Consulting Agreement | Subsequent Event
Related Party Transaction [Line Items]
Term of consulting agreement	1 year

DISCONTINUED OPERATIONS - Narra

DISCONTINUED OPERATIONS - Narrative (Details) - Property	Dec. 31, 2014	Dec. 31, 2013
Industrial Properties | 2013 Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties		4
Retail Properties | 2013 Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties		3
Retail Properties | 2014 Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties	1	1
Office Buildings | 2013 Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties		2

INVESTMENTS IN AFFILIATES - Nar

INVESTMENTS IN AFFILIATES - Narrative (Details)	1 Months Ended			3 Months Ended								12 Months Ended
	Jan. 31, 2015Unit	Dec. 31, 2014USD ($)Unit	Oct. 31, 2014USD ($)Unit	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)	Jul. 31, 2014USD ($)	Sep. 24, 2013USD ($)	Dec. 31, 2010Unit	Dec. 31, 2002residential_unit
Schedule of Equity Method Investments [Line Items]
Undistributed earnings of investments in affiliates				$ 12,300,000								$ 12,300,000
Dividends and distributions from unconsolidated affiliates												72,200,000	$ 17,900,000	$ 6,600,000
Investments in Affiliates		$ 418,600,000		416,400,000				$ 418,600,000				416,400,000	418,600,000
Non-cash reduction in equity method investments				900,000	$ 100,000	$ 1,500,000	$ 100,000	(400,000)	$ 15,100,000	$ 0	$ 0	2,600,000	14,700,000	$ 0
Condominium
Schedule of Equity Method Investments [Line Items]
Number of units in real estate property sold | Unit	328	12
Joint Venture with DMB Communities II
Schedule of Equity Method Investments [Line Items]
Number of high-end residential units | residential_unit																			1,500
Capital and value of land contributed, net of joint venture earnings and losses				$ 275,500,000								$ 275,500,000
Equity method ownership percentage (in percent)				59.00%								59.00%
Waihona High-Rise Condominium | Condominium
Schedule of Equity Method Investments [Line Items]
Number of units in real estate property expected for development | Unit																		340
Investment in various real estate joint ventures		$ 35,600,000		$ 0				35,600,000				$ 0	35,600,000
Waihona High-Rise Condominium | Condominium | Financial Guarantee
Schedule of Equity Method Investments [Line Items]
Guarantor obligations, maximum exposure															$ 20,000,000
Waihona High-Rise Condominium | Condominium | Partners in Joint Venture
Schedule of Equity Method Investments [Line Items]
Total equity required for projects															$ 65,000,000
KRS II
Schedule of Equity Method Investments [Line Items]
Investment in various real estate joint ventures		8,400,000		4,400,000				8,400,000				4,400,000	8,400,000			$ 23,800,000
Non-cash reduction in equity method investments												2,600,000	14,700,000
KRS II | Payment Guarantee
Schedule of Equity Method Investments [Line Items]
Guarantor obligations, maximum exposure				6,000,000								6,000,000				$ 6,000,000
The Collection LLC | High-rise Condominium Tower
Schedule of Equity Method Investments [Line Items]
Number of units in real estate property expected for development | Unit			396
The Collection LLC | Townhomes
Schedule of Equity Method Investments [Line Items]
Number of units in real estate property expected for development | Unit			14
The Collection LLC | Mid-rise Building
Schedule of Equity Method Investments [Line Items]
Number of units in real estate property expected for development | Unit			54
The Collection LLC | Multifamily
Schedule of Equity Method Investments [Line Items]
Number of units in real estate property expected for development | Unit			464
Investment in various real estate joint ventures		$ 45,900,000		$ 49,100,000				$ 45,900,000				$ 49,100,000	$ 45,900,000
Total agreed upon contribution			$ 50,300,000
The Collection LLC | Multifamily | Financial Guarantee
Schedule of Equity Method Investments [Line Items]
Guarantor obligations, maximum exposure			30,000,000
The Collection LLC | Multifamily | Partners in Joint Venture
Schedule of Equity Method Investments [Line Items]
Proceeds from investments in affiliates			$ 16,800,000
Kukui'ula Village LLC | KDC LLC
Schedule of Equity Method Investments [Line Items]
Investment in various real estate joint ventures																	$ 6,300,000

DISCONTINUED OPERATIONS - Summa

DISCONTINUED OPERATIONS - Summary of Revenue, Operating Profit, Income Tax Expense and After-tax Effects of Sales Treated as Discontinued Operations (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Basic Earnings Per Share (in dollars per share)	$ 0	$ 0.70	$ 0.50
Diluted Earnings Per Share (in dollars per share)	$ 0	$ 0.70	$ 0.50
Real Estate Leasing
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from the sale of income-producing properties	$ 0	$ 70.1	$ 337.6
Real Estate Leasing revenue	0	0.3	31.6
Gain on sale of income-producing properties, net	0	55.9	22.1
Real Estate Leasing operating profit	0	0.3	14.6
Total operating profit before taxes	0	56.2	36.7
Income tax expense	0	21.9	14.4
Income from discontinued operations	$ 0	$ 34.3	$ 22.3

INVESTMENTS IN AFFILIATES - Sum

INVESTMENTS IN AFFILIATES - Summary of Financial Information for Equity Method Investments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
ASSETS
Current assets	$ 107.1	$ 52.7
Non-current assets	854	935.6
Total assets	961.1	988.3
Liabilities
Current liabilities	64.4	53
Non-current liabilities	200.7	245.9
Total liabilities	265.1	298.9
Income Statement
Operating revenue	471.7	71	$ 37.8
Operating costs and expenses	411.6	65.9	31.1
Operating income	60.1	5.1	6.7
Income from continuing operations	57.2	5	6.8
Net income	$ 56.1	$ 5	$ 6.8

UNCOMPLETED CONTRACTS - Schedul

UNCOMPLETED CONTRACTS - Schedule of Information Related to Uncompleted Contracts (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Contractors [Abstract]
Costs incurred on uncompleted contracts	$ 80.3	$ 126.7
Estimated earnings	29.2	32.8
Subtotal	109.5	159.5
Less: billings to date	95.8	147.2
Total	13.7	12.3
Costs and estimated earnings in excess of billings on uncompleted contracts	16.3	15.9
Estimated billings in excess of costs and estimated earnings on uncompleted contracts	$ (2.6)	$ (3.6)

PROPERTY - Schedule of Property

PROPERTY - Schedule of Property (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property - gross	$ 1,713.2	$ 1,717.3
Accumulated depreciation	(443.8)	(415.6)
Property - net	1,269.4	1,301.7
Buildings
Property, Plant and Equipment [Line Items]
Property - gross	571.3	586.7
Land
Property, Plant and Equipment [Line Items]
Property - gross	578.5	588.5
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property - gross	242.6	236.1
Asphalt plants and quarry assets
Property, Plant and Equipment [Line Items]
Property - gross	77.1	65.5
Water, power and sewer systems
Property, Plant and Equipment [Line Items]
Property - gross	145.6	142.6
Other property improvements
Property, Plant and Equipment [Line Items]
Property - gross	86.8	90.7
Vessel
Property, Plant and Equipment [Line Items]
Property - gross	$ 11.3	$ 7.2

PROPERTY - Narrative (Details)

PROPERTY - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 43.8	$ 43.9

NOTES PAYABLE AND LONG-TERM D68

NOTES PAYABLE AND LONG-TERM DEBT - Summary of Notes Payable and Long-Term Debt (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Notes payable and long-term debt
Total debt	$ 588.2	$ 706
Less debt (premium) discount	(0.3)	(0.4)
Total debt (contractual)	587.9	705.6
Less current portion	(90.4)	(74.5)
Add debt premium (discount)	0.3	0.4
Long-term debt	497.8	631.5
Revolving Credit loans (2.10% for 2015 and 2.37% for 2014)
Notes payable and long-term debt
Total debt	$ 77.8	$ 169.8
Loan interest rate	2.10%	2.37%
3.90%, payable through 2024
Notes payable and long-term debt
Total debt	$ 75	$ 75
Loan interest rate	3.90%	3.90%
6.90%, payable through 2020
Notes payable and long-term debt
Total debt	$ 75	$ 80
Loan interest rate	6.90%	6.90%
3.88%, payable through 2027
Notes payable and long-term debt
Total debt	$ 50	$ 0
Loan interest rate	3.88%	3.88%
5.55%, payable through 2026
Notes payable and long-term debt
Total debt	$ 47	$ 50
Loan interest rate	5.55%	5.55%
5.53%, payable through 2024
Notes payable and long-term debt
Total debt	$ 31.5	$ 37.5
Loan interest rate	5.53%	5.53%
5.56%, payable through 2026
Notes payable and long-term debt
Total debt	$ 25	$ 25
Loan interest rate	5.56%	5.56%
4.35%, payable through 2026
Notes payable and long-term debt
Total debt	$ 23.4	$ 25
Loan interest rate	4.35%	4.35%
4.15%, payable through 2024, secured by Pearl Highlands Center
Notes payable and long-term debt
Total debt	$ 91.9	$ 93.6
Loan interest rate	4.15%	4.15%
LIBOR plus 2.66%, payable through 2016, secured by The Shops at Kukui'ula
Notes payable and long-term debt
Total debt	$ 37	$ 40.5
Loan interest rate	2.66%	2.66%
LIBOR plus 1.5%, payable through 2021, secured by Kailua Town Center III
Notes payable and long-term debt
Total debt	$ 11	$ 11.2
Loan interest rate	1.50%	1.50%
LIBOR plus 2.63%, payable through 2016, secured by Kahala Estate Properties
Notes payable and long-term debt
Total debt	$ 8.2	$ 35.2
Loan interest rate	2.63%	2.63%
6.38%, payable through 2017, secured by Midstate Hayes
Notes payable and long-term debt
Total debt	$ 8.2	$ 8.3
Loan interest rate	6.38%	6.38%
LIBOR plus 1.0%, payable through 2021, secured by asphalt terminal
Notes payable and long-term debt
Total debt	$ 6.9	$ 8
Loan interest rate	1.00%	1.00%
5.19%, payable through 2019
Notes payable and long-term debt
Total debt	$ 8.4	$ 10.2
Loan interest rate	5.19%	5.19%
1.85%, payable through 2017
Notes payable and long-term debt
Total debt	$ 5.2	$ 7.9
Loan interest rate	1.85%	1.85%
3.31%, payable through 2018
Notes payable and long-term debt
Total debt	$ 4.6	$ 6.3
Loan interest rate	3.31%	3.31%
2.00%, payable through 2018
Notes payable and long-term debt
Total debt	$ 1.5	$ 2.2
Loan interest rate	2.00%	2.00%
2.65%, payable through 2016
Notes payable and long-term debt
Total debt	$ 0.6	$ 1.2
Loan interest rate	2.65%	2.65%
5.39%, payable through 2015, secured by Waianae Mall
Notes payable and long-term debt
Total debt	$ 0	$ 19.1
Loan interest rate	5.39%	5.39%

NOTES PAYABLE AND LONG-TERM D69

NOTES PAYABLE AND LONG-TERM DEBT - Summary of Notes Payable and Long-Term Debt (Footnote) (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
LIBOR plus 1.5%, payable through 2021, secured by Kailua Town Center III
Debt Instrument [Line Items]
Fixed rate on derivative	5.95%
LIBOR plus 1.5%, payable through 2021, secured by Kailua Town Center III | LIBOR
Debt Instrument [Line Items]
LIBOR	LIBOR
Basis spread on variable rate	1.50%
LIBOR plus 2.66%, payable through 2016, secured by The Shops at Kukui'ula
Debt Instrument [Line Items]
Effective interest rate	2.83%	2.82%
LIBOR plus 2.63%, payable through 2016, secured by Kahala Estate Properties
Debt Instrument [Line Items]
Effective interest rate	2.82%	2.78%
LIBOR plus 1.0%, payable through 2021, secured by asphalt terminal
Debt Instrument [Line Items]
Fixed rate on derivative	5.98%
LIBOR plus 1.0%, payable through 2021, secured by asphalt terminal | LIBOR
Debt Instrument [Line Items]
LIBOR	LIBOR
Basis spread on variable rate	1.00%

NOTES PAYABLE AND LONG-TERM D70

NOTES PAYABLE AND LONG-TERM DEBT - Narrative - Long-term Debt Maturities (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Maturity terms for long-term debts	5 years
Debts mature in 2016	$ 90.4
Debts mature in 2017	40.6
Debts mature in 2018	41.1
Debts mature in 2019	40.5
Debts mature in 2020	103.9
Debts mature after 2020	271.4
Secured Mortgage Debt
Debt Instrument [Line Items]
Balloon payment to be paid	45.3
Revolving Credit Loans | Line of Credit
Debt Instrument [Line Items]
Balloon payment to be paid	$ 66

NOTES PAYABLE AND LONG-TERM D71

NOTES PAYABLE AND LONG-TERM DEBT - Narrative - Revolving Credit Facilities (Details)	12 Months Ended
	Dec. 31, 2015USD ($)Subsidiary	Dec. 30, 2015	Dec. 31, 2014USD ($)	Aug. 31, 2014USD ($)
Subsidiary, One
Line of Credit Facility [Line Items]
Line of credit facility outstanding amount	$ 4,000,000		$ 13,700,000
Prudential Agreement
Line of Credit Facility [Line Items]
Revolving credit maximum borrowing capacity	$ 450,000,000
Line of credit term of facility	3 years
Total remaining capacity available for borrowing	$ 123,100,000
Revolver Amendment and Prudential Agreement
Line of Credit Facility [Line Items]
Maximum percentage of unsecured debt to unencumbered income producing assets value	60.00%	57.00%
Limitation of total unencumbered income producing assets value	15.00%
Percent of total adjusted assets value	5.00%
Revolver Amendment and Prudential Agreement | Minimum
Line of Credit Facility [Line Items]
Cap rate applied to certain income-producing assets included in unencumbered income producing assets	0.25%
Revolver Amendment and Prudential Agreement | Maximum
Line of Credit Facility [Line Items]
Cap rate applied to certain income-producing assets included in unencumbered income producing assets	0.50%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Total remaining capacity available for borrowing	$ 413,500,000
Unused borrowing capacity for asphalt purchases only	26,000,000
A and B Senior Credit Facility | Revolving Credit Facility
Line of Credit Facility [Line Items]
Revolving credit maximum borrowing capacity	$ 350,000,000
Line of credit term of facility	5 years
Uncommitted increase option	$ 100,000,000
Sub limit for the issuance of standby and commercial letters of credit	100,000,000
Sub limit for swing line loans	80,000,000
Line of credit facility outstanding amount	73,800,000
Outstanding letters of credit	11,800,000
Total remaining capacity available for borrowing	$ 264,400,000
Line of Credit | Subsidiary, One
Line of Credit Facility [Line Items]
Number of subsidiaries | Subsidiary	1
Face amount of debt	$ 30,000,000			$ 40,000,000

NOTES PAYABLE AND LONG-TERM D72

NOTES PAYABLE AND LONG-TERM DEBT - Narrative - Real Estate Secured Term Debt (Details)

Jun. 16, 2015USD ($)

Jun. 05, 2015USD ($)

Dec. 01, 2014USD ($)

Dec. 20, 2013USD ($)

Dec. 16, 2013USD ($)

Nov. 05, 2013USD ($)a

Sep. 25, 2013USD ($)

Sep. 17, 2013USD ($)ft²

Jan. 22, 2013USD ($)ft²Building

Dec. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Dec. 31, 2013USD ($)

Dec. 16, 2013

Dec. 16, 2013Residential_Lot

Dec. 16, 2013Parcel

Sep. 24, 2013USD ($)a

Debt Instrument [Line Items]

Maturity terms for long-term debts

5 years

Repayment of term loan

$ 248,100,000

$ 224,200,000

$ 380,300,000

Real estate partnership interests

Debt Instrument [Line Items]

Book values of assets being pledged as collateral

237,500,000

Materials & Construction

Debt Instrument [Line Items]

Book values of assets being pledged as collateral

29,500,000

Agribusiness

Debt Instrument [Line Items]

Book values of assets being pledged as collateral

0

Mortgages

Debt Instrument [Line Items]

Balloon payment to be paid

45,300,000

A and B Senior Credit Facility | Revolving Credit Facility

Debt Instrument [Line Items]

Revolving credit maximum borrowing capacity

350,000,000

Secured Debt | Refinanced Loan

Debt Instrument [Line Items]

Face amount of debt

$ 92,000,000

Debt periodic principal payment frequency

monthly

Loan interest rate

4.15%

Monthly payment of principal and interest

$ 400,000

Balloon payment to be paid

$ 73,000,000

Secured Debt | Estates of Kahala, LLC | First Hawaiian Bank

Debt Instrument [Line Items]

Non-recourse secured debt

$ 42,000,000

8,200,000

Number of real estate properties

15

3

Required principal payments, percentage of net sales proceeds from the sale of secured properties

70.00%

Minimum cumulative principal payments after 18 months

$ 18,000,000

Maturity terms for long-term debts

18 months

Maximum cumulative principal payments after 18 months

$ 24,000,000

Additional principal payment

$ 0

Secured Debt | Estates of Kahala, LLC | First Hawaiian Bank | Maximum

Debt Instrument [Line Items]

Maximum percentage of loan to value ratio required to be maintained (in percent)

65.00%

LIBOR | Secured Debt | Estates of Kahala, LLC | First Hawaiian Bank

Debt Instrument [Line Items]

LIBOR

LIBOR

Basis spread on variable rate

2.625%

One-year extension option on debt

1 year

Kaneohe Ranch Portfolio

Debt Instrument [Line Items]

Fair value of consideration transferred

$ 372,700,000

Kaneohe Ranch Portfolio | Mortgages

Debt Instrument [Line Items]

Net of debt assumed in business combination

$ 12,000,000

Fixed rate on derivative

5.95%

Kaneohe Ranch Portfolio | Bridge Loan

Debt Instrument [Line Items]

Face amount of debt

$ 60,000,000

Kaneohe Ranch Portfolio | Bridge Loan | LIBOR

Debt Instrument [Line Items]

LIBOR

LIBOR

Basis spread on variable rate

3.00%

Kukui'ula Village LLC | KDC LLC

Debt Instrument [Line Items]

Percentage ownership member in property

50.00%

Area of real estate property | a

45

Kukui'ula Village LLC | Mortgages | KDC LLC

Debt Instrument [Line Items]

Secured debt amount

$ 44,000,000

$ 51,200,000

Kukui'ula Village LLC | Mortgages | KDC LLC | First Loan

Debt Instrument [Line Items]

LIBOR

LIBOR

Maturity terms for long-term debts

3 years

Secured debt amount

$ 34,600,000

27,600,000

$ 41,800,000

Area of real estate property | a

45

Repayment of term loan

$ 5,000,000

Kukui'ula Village LLC | Mortgages | KDC LLC | Second Loan

Debt Instrument [Line Items]

Secured debt amount

$ 9,400,000

$ 9,400,000

Kukui'ula Village LLC | LIBOR | Mortgages | KDC LLC | First Loan

Debt Instrument [Line Items]

Basis spread on variable rate

2.85%

Secured debt amount

$ 9,400,000

Kukui'ula Village LLC | LIBOR | Mortgages | KDC LLC | Second Loan

Debt Instrument [Line Items]

LIBOR

LIBOR

Basis spread on variable rate

2.00%

Required periodic payment of principal

$ 900,000

Debt periodic principal payment frequency

quarter

Pearl City

Debt Instrument [Line Items]

Net of debt assumed in business combination

$ 59,300,000

Area of real estate property | ft²

415,400

Cash consideration

$ 82,200,000

Waianae Mall | Parent Company

Debt Instrument [Line Items]

Net of debt assumed in business combination

$ 19,700,000

Number of real estate properties | Building

10

Area of real estate property | ft²

170,300

Debt periodic principal payment frequency

monthly

Cash consideration

$ 10,100,000

Loan interest rate

5.39%

Monthly payment of principal and interest

$ 100,000

Final balloon payment

$ 18,700,000

LEASES - THE COMPANY AS LESSE73

LEASES - THE COMPANY AS LESSEE - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Leases [Abstract]
Expiration date of existing leasing arrangements	Dec. 31, 2063
Rental expense under operating leases	$ 7.2	$ 6.7	$ 4.5

LEASES - THE COMPANY AS LESSE74

LEASES - THE COMPANY AS LESSEE - Schedule of Future Minimum Payments under Non-cancelable Operating Leases (Details) $ in Millions	Dec. 31, 2015USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,016	$ 5.7
2,017	5.6
2,018	5
2,019	4.5
2,020	4.5
Thereafter	25.2
Total	$ 50.5

LEASES - THE COMPANY AS LESSO75

LEASES - THE COMPANY AS LESSOR - Summary of Historical Cost and Accumulated Depreciation of Leased Property (Details) - Land and Building - Property Subject to Operating Lease - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Property Subject to or Available for Operating Lease [Line Items]
Leased property - real estate	$ 1,126.8	$ 1,149.9
Less accumulated depreciation	(125.9)	(118.5)
Property under operating leases - net	$ 1,000.9	$ 1,031.4

LEASES - THE COMPANY AS LESSO76

LEASES - THE COMPANY AS LESSOR - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Leases [Abstract]
Tenant reimbursements	$ 30.2	$ 28.8	$ 24.1

LEASES - THE COMPANY AS LESSO77

LEASES - THE COMPANY AS LESSOR - Schedule of Total Rental Income, Excluding Tenant Reimbursements under Operating Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Leases [Abstract]
Minimum rentals	$ 96.2	$ 89.8	$ 80.5
Contingent rentals (based on sales volume)	4.8	4.7	3
Total	$ 101	$ 94.5	$ 83.5

LEASES - THE COMPANY AS LESSO78

LEASES - THE COMPANY AS LESSOR - Schedule of Future Minimum Rentals on Non-cancelable Operating Leases (Details) $ in Millions	Dec. 31, 2015USD ($)
Operating Leases, Future Minimum Payments Receivable [Abstract]
2,016	$ 85
2,017	73.7
2,018	61.4
2,019	53.2
2,020	41.3
Thereafter	282.8
Total	$ 597.4

EMPLOYEE BENEFIT PLANS - Narrat

EMPLOYEE BENEFIT PLANS - Narrative (Details)	12 Months Ended
	Dec. 31, 2015USD ($)Plan	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Grace
Defined Benefit Plan Disclosure [Line Items]
Company's matching contribution expense	$ 2,000,000
Multiemployer Plans, Pension [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of defined benefit pension plans | Plan	0
Percent of total employer contributions	5.00%
Defined Contribution 401k Plan
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution, percentage	3.00%
Company's matching contribution expense	$ 700,000	$ 700,000
Defined Contribution 401k Plan | Grace
Defined Benefit Plan Disclosure [Line Items]
Maximum annual contribution per employee	10.00%
Deferred Profit Sharing
Defined Benefit Plan Disclosure [Line Items]
Company's matching contribution expense	$ 0	$ 600,000	$ 900,000
Deferred Profit Sharing | Minimum
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution, percentage	1.00%
Deferred Profit Sharing | Maximum
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution, percentage	5.00%
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Expected return on plan assets	7.10%	7.10%	8.00%
Actual return on plan assets	(2.79%)	8.12%
Pension contributions	$ 2,600,000	$ 5,700,000	$ 100,000
Accumulated benefit obligation	193,700,000	203,200,000
Estimated net prior service credit, net of tax, that will be recognized in net periodic pension cost in next fiscal year	700,000
Estimated net loss, net of tax, that will be recognized in net periodic pension cost in next fiscal year	7,000,000
Plans obligations	$ (48,400,000)	$ (43,600,000)
Discount rate	4.50%	4.00%	4.90%
Net periodic benefit cost	$ 6,100,000	$ 3,400,000	$ 6,200,000
Net loss, net of taxes	47,300,000	47,300,000
Unrecognized prior service credit, net of taxes	(2,600,000)	(3,400,000)
Current liabilities related to non-qualified plan and post-retirement benefits	$ 0	$ 0
Cash Balance Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Description of interest credit rate basis	10-year U.S. Treasury rate
Other Post-retirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Expected return on plan assets	0.00%	0.00%	0.00%
Estimated net prior service credit, net of tax, that will be recognized in net periodic pension cost in next fiscal year	$ 200,000
Amortization period of unrecognized gains and losses	5 years
Plans obligations	$ (12,200,000)	$ (12,000,000)
Discount rate	4.50%	4.10%	4.90%
Net periodic benefit cost	$ 800,000	$ 1,000,000	$ (200,000)
Net loss, net of taxes	600,000	500,000
Unrecognized prior service credit, net of taxes	0	0
Current liabilities related to non-qualified plan and post-retirement benefits	900,000	800,000
Non-qualified Plan Benefits
Defined Benefit Plan Disclosure [Line Items]
Estimated net loss, net of tax, that will be recognized in net periodic pension cost in next fiscal year	200,000
Plans obligations	$ 7,100,000
Discount rate	3.90%
Net periodic benefit cost	$ 100,000	$ 100,000	$ 100,000
Net loss, net of taxes	1,600,000
Unrecognized prior service credit, net of taxes	(1,600,000)
Non qualified and Post retirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Current liabilities related to non-qualified plan and post-retirement benefits	$ 5,100,000

EMPLOYEE BENEFIT PLANS - Schedu

EMPLOYEE BENEFIT PLANS - Schedule of Weighted-Average and Target Asset Allocations (Details) - Pension Benefits	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Target allocations	100.00%
Weighted-average asset allocations	100.00%	100.00%
Domestic equity securities
Defined Benefit Plan Disclosure [Line Items]
Target allocations	34.00%
Weighted-average asset allocations	34.00%	32.00%
International equity securities
Defined Benefit Plan Disclosure [Line Items]
Target allocations	18.00%
Weighted-average asset allocations	18.00%	15.00%
Debt securities
Defined Benefit Plan Disclosure [Line Items]
Target allocations	36.00%
Weighted-average asset allocations	35.00%	44.00%
Alternatives and other
Defined Benefit Plan Disclosure [Line Items]
Target allocations	12.00%
Weighted-average asset allocations	10.00%	6.00%
Cash
Defined Benefit Plan Disclosure [Line Items]
Target allocations	0.00%
Weighted-average asset allocations	3.00%	3.00%

EMPLOYEE BENEFIT PLANS - Sche81

EMPLOYEE BENEFIT PLANS - Schedule of Fair Value of Pension Plan Assets by Asset Category (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	$ 146.2	$ 160.8
Cash
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	3.8	3.5
Domestic
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	16.7	18.2
Domestic exchange-traded funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	33.1	33
International
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	18.6	9.8
International and emerging markets exchange-traded funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	7.2	14.9
U.S. Treasury obligations
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	17.1	24.7
Domestic corporate bonds and notes
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	31.6	40.9
Foreign corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	3.1	5.4
Limited partnership interest in private equity fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0.2	0.3
Exchange-traded global real estate fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	11.2	5.1
Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0.2	1.4
Exchange-traded commodity fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	2.7	2.8
Other receivables
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0.7	0.8
Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	111.1	112.7
Quoted Prices in Active Markets for Identical Assets (Level 1) | Cash
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	3.8	3.5
Quoted Prices in Active Markets for Identical Assets (Level 1) | Domestic
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	16.7	18.2
Quoted Prices in Active Markets for Identical Assets (Level 1) | Domestic exchange-traded funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	33.1	33
Quoted Prices in Active Markets for Identical Assets (Level 1) | International
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	18.6	9.7
Quoted Prices in Active Markets for Identical Assets (Level 1) | International and emerging markets exchange-traded funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	7.2	14.9
Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Treasury obligations
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	17.1	24.7
Quoted Prices in Active Markets for Identical Assets (Level 1) | Domestic corporate bonds and notes
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Limited partnership interest in private equity fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Exchange-traded global real estate fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	11.2	5.1
Quoted Prices in Active Markets for Identical Assets (Level 1) | Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Exchange-traded commodity fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	2.7	2.8
Quoted Prices in Active Markets for Identical Assets (Level 1) | Other receivables
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0.7	0.8
Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	34.7	46.4
Significant Other Observable Inputs (Level 2) | Cash
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0
Significant Other Observable Inputs (Level 2) | Domestic
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0
Significant Other Observable Inputs (Level 2) | Domestic exchange-traded funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0
Significant Other Observable Inputs (Level 2) | International
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0.1
Significant Other Observable Inputs (Level 2) | International and emerging markets exchange-traded funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0
Significant Other Observable Inputs (Level 2) | U.S. Treasury obligations
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0
Significant Other Observable Inputs (Level 2) | Domestic corporate bonds and notes
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	31.6	40.9
Significant Other Observable Inputs (Level 2) | Foreign corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	3.1	5.4
Significant Other Observable Inputs (Level 2) | Limited partnership interest in private equity fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0
Significant Other Observable Inputs (Level 2) | Exchange-traded global real estate fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year		0
Significant Other Observable Inputs (Level 2) | Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0
Significant Other Observable Inputs (Level 2) | Exchange-traded commodity fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0
Significant Other Observable Inputs (Level 2) | Other receivables
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0
Significant Un-observable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0.4	1.7
Significant Un-observable Inputs (Level 3) | Cash
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0
Significant Un-observable Inputs (Level 3) | Domestic
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0
Significant Un-observable Inputs (Level 3) | Domestic exchange-traded funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0
Significant Un-observable Inputs (Level 3) | International
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0
Significant Un-observable Inputs (Level 3) | International and emerging markets exchange-traded funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0
Significant Un-observable Inputs (Level 3) | U.S. Treasury obligations
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0
Significant Un-observable Inputs (Level 3) | Domestic corporate bonds and notes
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0
Significant Un-observable Inputs (Level 3) | Foreign corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0
Significant Un-observable Inputs (Level 3) | Limited partnership interest in private equity fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0.2	0.3
Significant Un-observable Inputs (Level 3) | Exchange-traded global real estate fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year		0
Significant Un-observable Inputs (Level 3) | Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0.2	1.4
Significant Un-observable Inputs (Level 3) | Exchange-traded commodity fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	0	0
Significant Un-observable Inputs (Level 3) | Other receivables
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	$ 0	$ 0

EMPLOYEE BENEFIT PLANS - Sche82

EMPLOYEE BENEFIT PLANS - Schedule of Reconciliations of Pension Plan Investments Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Change in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	$ 160.8
Actual return on plan assets [Abstract]
Fair value of plan assets at end of year	146.2	$ 160.8
Pension Benefits
Change in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	160.8	153.4
Actual return on plan assets [Abstract]
Fair value of plan assets at end of year	146.2	160.8
Private Equity
Change in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	0.3
Actual return on plan assets [Abstract]
Fair value of plan assets at end of year	0.2	0.3
Insurance
Change in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	1.4
Actual return on plan assets [Abstract]
Fair value of plan assets at end of year	0.2	1.4
Significant Un-observable Inputs (Level 3)
Change in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	1.7
Actual return on plan assets [Abstract]
Fair value of plan assets at end of year	0.4	1.7
Significant Un-observable Inputs (Level 3) | Pension Benefits
Change in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	1.7	15.2
Actual return on plan assets [Abstract]
Assets held at the reporting date	0	0.4
Assets sold during the period	(1.3)	0
Purchases, sales and settlements		(13.9)
Fair value of plan assets at end of year	0.4	1.7
Significant Un-observable Inputs (Level 3) | Real Estate | Pension Benefits
Change in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	0	7.5
Actual return on plan assets [Abstract]
Assets held at the reporting date	0	0
Assets sold during the period	0	0
Purchases, sales and settlements		(7.5)
Fair value of plan assets at end of year	0	0
Significant Un-observable Inputs (Level 3) | Private Equity
Change in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	0.3
Actual return on plan assets [Abstract]
Fair value of plan assets at end of year	0.2	0.3
Significant Un-observable Inputs (Level 3) | Private Equity | Pension Benefits
Change in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	0.3	0.3
Actual return on plan assets [Abstract]
Assets held at the reporting date	(0.1)	0
Assets sold during the period	0	0
Purchases, sales and settlements		0
Fair value of plan assets at end of year	0.2	0.3
Significant Un-observable Inputs (Level 3) | Insurance
Change in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	1.4
Actual return on plan assets [Abstract]
Fair value of plan assets at end of year	0.2	1.4
Significant Un-observable Inputs (Level 3) | Insurance | Pension Benefits
Change in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	1.4	1
Actual return on plan assets [Abstract]
Assets held at the reporting date	0.1	0.4
Assets sold during the period	(1.3)	0
Purchases, sales and settlements		0
Fair value of plan assets at end of year	0.2	1.4
Significant Un-observable Inputs (Level 3) | Limited Partnership | Pension Benefits
Change in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	0	6.4
Actual return on plan assets [Abstract]
Assets held at the reporting date	0	0
Assets sold during the period	0	0
Purchases, sales and settlements		(6.4)
Fair value of plan assets at end of year	$ 0	$ 0

EMPLOYEE BENEFIT PLANS - Sche83

EMPLOYEE BENEFIT PLANS - Schedule of the Status of Funded Defined Benefit Pension Plan and Unfunded Accumulated Post-retirement Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	$ 204.4
Benefit obligation at end of year		$ 204.4
Change in Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	160.8
Fair value of plan assets at end of year	146.2	160.8
Pension Benefits
Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	204.4	175.4
Service cost	3.1	2.6	$ 2.6
Interest cost	8	8.3	7.6
Plan participants’ contributions	0	0
Actuarial (gain) loss	(8.9)	29.7
Benefits paid	(12)	(11.6)
Conversion of guaranteed annuity contract	(0.4)	0
Curtailment	0	0
Amendments	0.4	0
Benefit obligation at end of year	194.6	204.4	175.4
Change in Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	160.8	153.4
Actual return on plan assets	(4.8)	13.3
Employer contributions	2.6	5.7
Participant contributions	0	0
Conversion of guaranteed annuity contract	(0.4)	0
Benefits paid	(12)	(11.6)
Other	0	0
Fair value of plan assets at end of year	146.2	160.8	153.4
Funded Status and Recognized Liability	(48.4)	(43.6)
Other Post-retirement Benefits
Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	12	12.9
Service cost	0.1	0.1	0.1
Interest cost	0.5	0.6	0.4
Plan participants’ contributions	0.9	0.8
Actuarial (gain) loss	0.4	(0.7)
Benefits paid	(1.8)	(1.7)
Conversion of guaranteed annuity contract	0	0
Curtailment	0.1	0
Amendments	0	0
Benefit obligation at end of year	12.2	12	12.9
Change in Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	0	0
Actual return on plan assets	0	0
Employer contributions	0.8	0.9
Participant contributions	0.9	0.8
Conversion of guaranteed annuity contract	0	0
Benefits paid	(1.8)	(1.7)
Other	0.1	0
Fair value of plan assets at end of year	0	0	$ 0
Funded Status and Recognized Liability	$ (12.2)	$ (12)

EMPLOYEE BENEFIT PLANS - Summar

EMPLOYEE BENEFIT PLANS - Summary of Amounts Recognized on the Consolidated Balance Sheets and in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Amounts recognized on the consolidated balance sheets [Abstract]
Non-current liabilities	$ (59.7)	$ (54.8)
Amounts recognized in accumulated other comprehensive loss [Abstract]
Total	(45.3)	(44.4)	$ (30.1)
Pension Benefits
Amounts recognized on the consolidated balance sheets [Abstract]
Current liabilities	0	0
Non-current liabilities	(48.4)	(43.6)
Total	(48.4)	(43.6)
Amounts recognized in accumulated other comprehensive loss [Abstract]
Net loss (net of taxes)	47.3	47.3
Unrecognized prior service credit (net of taxes)	(2.6)	(3.4)
Total	44.7	43.9
Other Post-retirement Benefits
Amounts recognized on the consolidated balance sheets [Abstract]
Current liabilities	(0.9)	(0.8)
Non-current liabilities	(11.3)	(11.2)
Total	(12.2)	(12)
Amounts recognized in accumulated other comprehensive loss [Abstract]
Net loss (net of taxes)	0.6	0.5
Unrecognized prior service credit (net of taxes)	0	0
Total	$ 0.6	$ 0.5

EMPLOYEE BENEFIT PLANS - Summ85

EMPLOYEE BENEFIT PLANS - Summary of Information for Qualified Pension Plans with an Accumulated Benefit Obligation in Excess of Plan Assets (Details) - Pension Benefits - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 194.6	$ 204.4
Accumulated benefit obligation	193.7	203.2
Fair value of plan assets	$ 146.2	$ 160.8

EMPLOYEE BENEFIT PLANS - Summ86

EMPLOYEE BENEFIT PLANS - Summary of Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Loss (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (net of tax) [Abstract]
Amortization of unrecognized gain (loss)	$ (0.9)	$ (14.3)
Pension Benefits
Components of Net Periodic Benefit Cost [Abstract]
Service cost	3.1	2.6	$ 2.6
Interest cost	8	8.3	7.6
Expected return on plan assets	(11.1)	(10.7)	(10.9)
Amortization of net loss	6.9	4	7.7
Amortization of prior service cost	(0.8)	(0.8)	(0.8)
Curtailment (gain)/loss	0	0	0
Net periodic benefit cost	6.1	3.4	6.2
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (net of tax) [Abstract]
Net loss (gain)	7	27.1	(24.7)
Amortization of unrecognized gain (loss)	(6.9)	(4)	(7.7)
Amortization of prior service credit	0.8	0.8	0.8
Prior service cost	0.4	0	0
Total recognized in other comprehensive income	1.3	23.9	(31.6)
Total recognized in net periodic benefit cost and other comprehensive income	7.4	27.3	(25.4)
Other Post-retirement Benefits
Components of Net Periodic Benefit Cost [Abstract]
Service cost	0.1	0.1	0.1
Interest cost	0.5	0.6	0.4
Expected return on plan assets	0	0	0
Amortization of net loss	0.1	0.3	(0.2)
Amortization of prior service cost	0	0	0
Curtailment (gain)/loss	0.1	0	(0.5)
Net periodic benefit cost	0.8	1	(0.2)
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (net of tax) [Abstract]
Net loss (gain)	0.4	(0.6)	3
Amortization of unrecognized gain (loss)	(0.1)	(0.3)	0.2
Amortization of prior service credit	0	0	0
Prior service cost	0	0	0
Total recognized in other comprehensive income	0.3	(0.9)	3.2
Total recognized in net periodic benefit cost and other comprehensive income	$ 1.1	$ 0.1	$ 3

EMPLOYEE BENEFIT PLANS - Summ87

EMPLOYEE BENEFIT PLANS - Summary of Weighted Average Assumptions used to Determine Benefit Information (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Pension Benefits
Weighted average assumptions used to determine net periodic benefit cost [Abstract]
Discount rate	4.50%	4.00%	4.90%
Expected return on plan assets	7.10%	7.10%	8.00%
Rate of compensation increase			3.00%
Pension Benefits | Minimum
Weighted average assumptions used to determine net periodic benefit cost [Abstract]
Rate of compensation increase	0.50%	0.50%
Pension Benefits | Maximum
Weighted average assumptions used to determine net periodic benefit cost [Abstract]
Rate of compensation increase	3.00%	3.00%
Other Post-retirement Benefits
Weighted average assumptions used to determine net periodic benefit cost [Abstract]
Discount rate	4.50%	4.10%	4.90%
Expected return on plan assets	0.00%	0.00%	0.00%
Rate of compensation increase		3.00%	3.00%
Assumed health care cost trend rates [Abstract]
Initial health care cost trend rate	7.00%	7.30%	7.50%
Ultimate rate	4.50%	4.50%	4.50%
Year ultimate rate is reached	2,037	2,028	2,028
Other Post-retirement Benefits | Minimum
Weighted average assumptions used to determine net periodic benefit cost [Abstract]
Rate of compensation increase	0.50%
Other Post-retirement Benefits | Maximum
Weighted average assumptions used to determine net periodic benefit cost [Abstract]
Rate of compensation increase	3.00%

EMPLOYEE BENEFIT PLANS - Summ88

EMPLOYEE BENEFIT PLANS - Summary of Effect of One-Percentage-Point Change in Accumulated Post-retirement Benefit Obligation (Details) - Other Post-retirement Benefits - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Effect of one-percentage point change in assumed health care cost trend rates [Abstract]
Effect of one percentage point increase on total of service and interest cost components	$ 0.1	$ 0.1	$ 0
Effect of one percentage point increase on post-retirement benefit obligation	1.1	1.1	1.2
Effect of one percentage point decrease on total of service and interest cost components	0	(0.1)	0
Effect of one percentage point decrease on post-retirement benefit obligation	$ (0.9)	$ (0.9)	$ (1)

EMPLOYEE BENEFIT PLANS - Sche89

EMPLOYEE BENEFIT PLANS - Schedule of Estimated Future Benefit Payments for the Next Ten Years (Details) $ in Millions	Dec. 31, 2015USD ($)
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
2,016	$ 11.5
2,017	11.7
2,018	11.9
2,019	12.1
2,020	12.4
2021-2025	64
Non-qualified Plan Benefits
Defined Benefit Plan Disclosure [Line Items]
2,016	4.2
2,017	0.1
2,018	1
2,019	0.1
2,020	0
2021-2025	2.6
Post-retirement Benefits
Defined Benefit Plan Disclosure [Line Items]
2,016	1
2,017	1
2,018	1
2,019	1
2,020	0.9
2021-2025	$ 3.9

EMPLOYEE BENEFIT PLANS - Sche90

EMPLOYEE BENEFIT PLANS - Schedule of Multiemployer Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Multiemployer Plans [Line Items]
Contribution by Entity	$ 5.7	$ 5
Operating Engineers
Multiemployer Plans [Line Items]
Pension Protection Act Zone Status	Red
Contribution by Entity	$ 4.6	4.3
Surcharge Imposed	No
Laborers National
Multiemployer Plans [Line Items]
Pension Protection Act Zone Status	Red
Contribution by Entity	$ 0.1	0.1
Surcharge Imposed	No
Hawaii Laborers
Multiemployer Plans [Line Items]
Pension Protection Act Zone Status	Green
Contribution by Entity	$ 0.8	0.5
Surcharge Imposed	No
Hawaii Laborers
Multiemployer Plans [Line Items]
Pension Protection Act Zone Status	Green
Contribution by Entity	$ 0.2	$ 0.1
Surcharge Imposed	No

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Jul. 31, 2014
Schedule of Equity Method Investments [Line Items]
Net tax benefit from share-based transactions									$ 1.7	$ 1.3
Income tax benefit	$ 9.9	$ (3.8)	$ (7)	$ (15.6)	$ (6.2)	$ 14.9	$ (6.5)	$ (0.8)	(16.5)	1.4	$ (11.1)
Non-cash reduction in equity method investments	0.9	$ 0.1	$ 1.5	$ 0.1	(0.4)	$ 15.1	$ 0	$ 0	2.6	14.7	$ 0
KRS II
Schedule of Equity Method Investments [Line Items]
Investment in various real estate joint ventures	4.4				$ 8.4				4.4	8.4		$ 23.8
Income tax benefit										13.7
Non-cash reduction in equity method investments									2.6	$ 14.7
Matson
Schedule of Equity Method Investments [Line Items]
Liability for unrecognized tax benefits not realized	$ 0.1								$ 0.1

INCOME TAXES - Schedule of Inco

INCOME TAXES - Schedule of Income Tax Expense (Benefit) on Income from Continuing Operations (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current:
Federal									$ 0.8	$ 11.2	$ 17.1
State									(1.2)	2.8	2.1
Current									(0.4)	14	19.2
Deferred:
Federal									14.6	(7.8)	(5.7)
State									2.3	(7.6)	(2.4)
Deferred									16.9	(15.4)	(8.1)
Income tax expense (benefit)	$ (9.9)	$ 3.8	$ 7	$ 15.6	$ 6.2	$ (14.9)	$ 6.5	$ 0.8	$ 16.5	$ (1.4)	$ 11.1

INCOME TAXES - Schedule of In93

INCOME TAXES - Schedule of Income Tax Reconciliation (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Computed federal income tax expense									$ 16.6	$ 10.1	$ 8.3
State income taxes									0.7	(4.1)	1
Non-deductible transaction costs									0	0	1.6
Charitable contribution									0	0	(0.2)
Federal solar tax credits									0	(11.3)	0
Other—net									(0.8)	3.9	0.4
Income tax expense (benefit)	$ (9.9)	$ 3.8	$ 7	$ 15.6	$ 6.2	$ (14.9)	$ 6.5	$ 0.8	$ 16.5	$ (1.4)	$ 11.1

INCOME TAXES - Schedule of Tax

INCOME TAXES - Schedule of Tax effects of Temporary Differences Affecting Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Employee benefits	$ 37.1	$ 30.7
Capitalized costs	22.4	21.9
Joint ventures and other investments	4.3	19
Impairment and amortization	7.8	6.7
Insurance and other reserves	5.9	4.2
Solar investment benefits	9	4.9
Other	5.7	9.8
Total deferred tax assets	92.2	97.2
Deferred tax liabilities:
Property (including tax-deferred gains on real estate transactions)	279.3	271.8
Straight-line rental income and advanced rent	9	8.4
Other	6	2.7
Total deferred tax liabilities	294.3	282.9
Net deferred tax liability	$ 202.1	$ 185.7

SHARE-BASED AWARDS - Narrative

SHARE-BASED AWARDS - Narrative (Details)	12 Months Ended
	Dec. 31, 2015$ / sharesshares	Dec. 31, 2014$ / sharesshares	Dec. 31, 2012Programshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted during period (in shares)	0	0
2012 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance (in shares)			4,300,000
Stock available for future issuance (in shares)	1,300,000
Number of shares granted during period (in shares)	2,700,000
Number of separate incentive compensation programs | Program			4
Number of programs that generally award share based compensation | Program			3
2012 Plan | Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value (in dollars per share) | $ / shares	$ 40.85
2012 Plan | Time-based and market-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value (in dollars per share) | $ / shares	$ 40.85	$ 39.38
2012 Plan | Time-Based Vesting | Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
2012 Plan | Cliff Vest after 2 Years | Market-Based Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	2 years
2012 Plan | Cliff Vest after 3 Years | Market-Based Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
2012 Plan, Discretionary Grant Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum percentage of fair market value allowed for exercise price of stock options granted			100.00%
Vesting period			3 years
Maximum contractual term of awards granted			10 years
2012 Plan, Automatic Grant Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years

SHARE-BASED AWARDS - Schedule o

SHARE-BASED AWARDS - Schedule of Stock Option Activity (Details) - 2012 Plan $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)$ / sharesshares
2012 Incentive Compensation Plan [Roll Forward]
Outstanding, beginning balance (in shares) | shares	1,124,600
Exercised (in shares) | shares	(26,000)
Outstanding, ending balance (in shares) | shares	1,098,600
Vested or expected to vest (in shares) | shares	1,098,600
Exercisable (in shares) | shares	1,098,600
Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning balance (in dollars per share) | $ / shares	$ 18.84
Exercised (in dollars per share) | $ / shares	20.13
Outstanding, ending balance (in dollars per share) | $ / shares	18.81
Vested or expected to vest (in dollars per share) | $ / shares	18.81
Exercisable (in dollars per share) | $ / shares	$ 18.81
Weighted Average Contractual Life [Abstract]
Weighted average contractual life	3 years 7 months 12 days
Weighted average contractual life, vested or expected to vest	3 years 7 months 12 days
Weighted average contractual life, exercisable	3 years 7 months 12 days
Aggregate Intrinsic Value [Abstract]
Aggregate intrinsic value | $	$ 18,235
Aggregate intrinsic value, vested or expected to vest | $	18,235
Aggregate intrinsic value, exercisable | $	$ 18,235

SHARE-BASED AWARDS - Summary of

SHARE-BASED AWARDS - Summary of Non-vested Restricted Stock Unit Activity (Details) - 2012 Plan - Restricted Stock Units	12 Months Ended
	Dec. 31, 2015$ / sharesshares
2012 Plan Restricted Stock Units [Roll Forward]
Outstanding, beginning balance (in shares) | shares	279,000
Granted (in shares) | shares	124,700
Vested (in shares) | shares	(106,400)
Canceled (in shares) | shares	(25,400)
Outstanding, ending balance (in shares) | shares	271,900
Weighted Average Grant Date Fair Value [Roll Forward]
Outstanding, beginning balance (in dollars per share) | $ / shares	$ 33.76
Granted (in dollars per share) | $ / shares	40.85
Vested (in dollars per share) | $ / shares	31.58
Canceled (in dollars per share) | $ / shares	35.14
Outstanding, ending balance (in dollars per share) | $ / shares	$ 37.74

SHARE-BASED AWARDS - Schedule98

SHARE-BASED AWARDS - Schedule of Fair Value Assumptions of Performance-based Awards (Details) - 2012 Plan - Restricted Stock Units - Time-Based Vesting	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility of A&B common stock	29.50%	25.40%
Average volatility of peer companies	34.20%	27.30%
Risk-free interest rate	0.70%	0.37%

SHARE-BASED AWARDS - Summary 99

SHARE-BASED AWARDS - Summary of Compensation Cost Related to Share-based Payments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based expense	$ 4.6	$ 4.9	$ 4.2
Total recognized tax benefit	(1.2)	(1.5)	(1.3)
Share-based expense (net of tax)	3.4	3.4	2.9
Cash received upon option exercise	0.5	4.5	7.6
Intrinsic value of options exercised	0.5	5.4	6.7
Tax benefit realized upon option exercise	0.2	2	2.5
Fair value of stock vested	4.2	2.6	5.2
Stock options
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based expense	0	0.3	0.7
Incremental share-based compensation cost related to separation
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based expense	0	0.2	0.5
Time-based and market-based restricted stock units
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based expense	$ 4.6	$ 4.4	$ 3

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Summary of Commitments, Guarantees and Contingencies (Details) $ in Millions	Dec. 31, 2015USD ($)
Standby letters of credit
Loss Contingencies [Line Items]
Commitments and financial arrangements	$ 11.8
Bonds
Loss Contingencies [Line Items]
Commitments and financial arrangements	$ 405

COMMITMENTS AND CONTINGENCIE101

COMMITMENTS AND CONTINGENCIES - Summary of Commitments, Guarantees and Contingencies (Footnote) (Details) $ in Millions	Dec. 31, 2015USD ($)
Construction Bond
Loss Contingencies [Line Items]
Commitments and financial arrangements	$ 381.3

COMMITMENTS AND CONTINGENCIE102

COMMITMENTS AND CONTINGENCIES - Narrative (Details) a in Thousands	Jun. 24, 2014USD ($)Boiler	Dec. 31, 2015USD ($)	Jan. 15, 2016Unit	Dec. 31, 2015	Dec. 31, 2015a	Dec. 31, 2015Agreement	Dec. 31, 2015joint_venture	Dec. 31, 2015License	Dec. 31, 2014USD ($)	Jul. 31, 2014USD ($)	May. 24, 2001UnitPetitionStream
Loss Contingencies [Line Items]
Estimated compliance costs for assessing carbon monoxide emissions		$ 250,000
Long Term Water Lease Request
Loss Contingencies [Line Items]
Watershed lands in East Maui owned (in acres) | a					16
Number of water licenses held and extended as revocable permits						4		4
Additional watershed lands accessible by licenses (in acres) | a					30
Capacity of irrigation water supplied by additional watershed lands (in percent)				56.00%
Petitions Filed Requesting IIFS In West Maui Streams
Loss Contingencies [Line Items]
Period provided by irrigation system		10 years
Petitions Filed Requesting IIFS In East Maui Streams
Loss Contingencies [Line Items]
Number of streams for which IIFS was requested | Stream											27
Number of petitions on which the Water Commission took action | Petition											27
Number of hydrologic units | Unit											23
Petitions Filed Requesting IIFS In East Maui Streams | Subsequent Event
Loss Contingencies [Line Items]
Number of hydrologic units | Unit			23
Number of hydrologic units, restored water | Unit			11
Unfavorable Regulatory Action | Hawaii State Department of Health
Loss Contingencies [Line Items]
Number of non-compliant boilers | Boiler	3
Loss contingency non-compliant period	5 years
Estimate of possible loss	$ 1,300,000
KRS II
Loss Contingencies [Line Items]
Investment in various real estate joint ventures		$ 4,400,000							$ 8,400,000	$ 23,800,000
Indemnification Agreement
Loss Contingencies [Line Items]
Guarantor obligations, maximum exposure		$ 10,000,000
Maturity date		Aug. 31, 2015
Financial Guarantee
Loss Contingencies [Line Items]
Limited guarantees on indebtedness related to unconsolidated joint ventures		$ 12,300,000
Number of unconsolidated joint ventures | joint_venture							5
Payment Guarantee | KRS II
Loss Contingencies [Line Items]
Guarantor obligations, maximum exposure		$ 6,000,000								$ 6,000,000

DERIVATIVE INSTRUMENTS - Narrat

DERIVATIVE INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Derivative [Line Items]
Notional amount of interest rate swaps	$ 18.8
Interest Income and Other
Derivative [Line Items]
Income (expense) related to change in fair value of derivatives	$ 0.4	$ (0.1)

DERIVATIVE INSTRUMENTS - Schedu

DERIVATIVE INSTRUMENTS - Schedule of Fair Value of Derivative Financial Instruments (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Other Liabilities
Derivative [Line Items]
Interest rate swap liability - floating to fixed rate	$ 2.5	$ 2.9

EARNINGS PER SHARE "EPS" - Summ

EARNINGS PER SHARE "EPS" - Summary of Reconciliation of Income from Continuing Operations and Number of Shares used to Compute Basic and Diluted Earnings per Share (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Abstract]
Income from continuing operations, net of tax	$ (11.9)	$ 7	$ 10.1	$ 25.9	$ 8.1	$ 10.8	$ 10.2	$ 1.1	$ 31.1	$ 30.2	$ 12.5
Less: Noncontrolling interest	(0.3)	(0.3)	(0.3)	(0.6)	(1.1)	(0.6)	(1)	(0.4)	(1.5)	(3.1)	(0.5)
Income from continuing operations attributable to A&B shareholders, net of tax									29.6	27.1	12
Less: Undistributed earnings allocated to redeemable noncontrolling interest	(1.8)	(1.3)	0	0					(3.1)	0	0
Income from continuing operations available to A&B shareholders, net of tax									26.5	27.1	12
Income from discontinued operations available to A&B shareholders, net of tax	0	0	0	0	$ 0	$ 0	$ 0	$ 34.3	0	34.3	22.3
Net income (loss) available to A&B shareholders	$ (14)	$ 5.4	$ 9.8	$ 25.3					$ 26.5	$ 61.4	$ 34.3
Shares used to compute basic and diluted earnings per share [Abstract]
Denominator for basic EPS - weighted average shares outstanding (in shares)	48.9	48.9	48.9	48.8	48.8	48.8	48.7	48.7	48.9	48.7	44.4
Effect of dilutive securities:
Non-participating stock options and restricted stock unit awards (in shares)									0.4	0.6	0.7
Denominator for diluted EPS - weighted average shares outstanding (in shares)									49.3	49.3	45.1

EARNINGS PER SHARE "EPS" - Narr

EARNINGS PER SHARE "EPS" - Narrative (Details) - shares	1 Months Ended	12 Months Ended
	Jan. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Anti-dilutive securities excluded from the computation of weighted average dilutive shares outstanding (in shares)		0	0	0
Subsequent Event | Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	86,739
Vesting period	3 years
Subsequent Event | Market-Based Performance Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	48,581
Vesting period	3 years
Performance period	3 years

REDEEMABLE NONCONTROLLING IN107

REDEEMABLE NONCONTROLLING INTEREST - Narrative (Details) - USD ($) $ in Millions	3 Months Ended				12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Noncontrolling Interest [Abstract]
Ownership interest	70.00%				70.00%
Amount of redemption value exceeding carrying amount	$ 1.8	$ 1.3	$ 0	$ 0	$ 3.1	$ 0	$ 0

CESSATION OF HC&S SUGAR OPER108

CESSATION OF HC&S SUGAR OPERATIONS - Narrative (Details)	12 Months Ended
	Dec. 31, 2015USD ($)Employee	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Restructuring Cost and Reserve [Line Items]
Write-off related to certain fixed assets no longer used in operations	$ 6,900,000	$ 0	$ 0
Cash payments	$ 0
Agribusiness
Restructuring Cost and Reserve [Line Items]
Eventual layoff, number of employees (over) | Employee	650
HC&S | Cessation of Operations
Restructuring Cost and Reserve [Line Items]
Pre-tax restructuring charges related to employee severance benefits and related costs and asset impairments	$ 22,600,000
HC&S | Minimum | Cessation of Operations
Restructuring Cost and Reserve [Line Items]
Total pre-tax book charges	112,000,000
Employee severance and related benefit charges	23,000,000
Asset write-offs and accelerated depreciation	69,000,000
Property removal, restoration and other exit-related costs	20,000,000
HC&S | Maximum | Cessation of Operations
Restructuring Cost and Reserve [Line Items]
Total pre-tax book charges	133,000,000
Employee severance and related benefit charges	28,000,000
Asset write-offs and accelerated depreciation	76,000,000
Property removal, restoration and other exit-related costs	$ 29,000,000
HC&S | Agribusiness
Restructuring Cost and Reserve [Line Items]
Eventual layoff, number of employees (over) | Employee	650
Write-off related to certain fixed assets no longer used in operations	$ 6,900,000

CESSATION OF HC&S SUGAR OPER109

CESSATION OF HC&S SUGAR OPERATIONS - Summary of Pre-tax Costs and Remaining Costs Associated with Restructuring and Summary of Activity Related to Cessation Accruals (Details) - HC&S $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Cessation of Operations
Recognized as of December 31, 2015
Employee severance benefits and related costs	$ 13.4
Asset write-offs and accelerated depreciation	9.2
Property removal, restoration and other exit-related costs	0
Total Cessation costs	22.6
Cessation of Operations | Minimum
Range of remaining amount to be Recognized
Employee severance benefits and related costs	9.6
Asset write-offs and accelerated depreciation	59.8
Property removal, restoration and other exit-related costs	20
Total Cessation costs	89.4
Total
Employee severance benefits and related costs	23
Asset write-offs and accelerated depreciation	69
Property removal, restoration and other exit-related costs	20
Total Cessation costs	112
Employee Severance Benefits and Related Costs
Cessation charges	112
Cessation of Operations | Maximum
Range of remaining amount to be Recognized
Employee severance benefits and related costs	14.6
Asset write-offs and accelerated depreciation	66.8
Property removal, restoration and other exit-related costs	29
Total Cessation costs	110.4
Total
Employee severance benefits and related costs	28
Asset write-offs and accelerated depreciation	76
Property removal, restoration and other exit-related costs	29
Total Cessation costs	133
Employee Severance Benefits and Related Costs
Cessation charges	133
Employee Severance Benefits and Related Costs
Total
Total Cessation costs	13.4
Employee Severance Benefits and Related Costs
Balance at January 1, 2015	0
Cessation charges	13.4
Balance at December 31, 2015	$ 13.4

SEGMENT RESULTS - Narrative (De

SEGMENT RESULTS - Narrative (Details) $ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2015USD ($)Property

Sep. 30, 2015USD ($)

Jun. 30, 2015USD ($)

Mar. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Sep. 30, 2014USD ($)

Jun. 30, 2014USD ($)

Mar. 31, 2014USD ($)

Dec. 31, 2015USD ($)PropertySegment

Dec. 31, 2014USD ($)

Dec. 31, 2013USD ($)

Dec. 31, 2015ft²

Dec. 31, 2015a

Revenue, Major Customer [Line Items]

Number of operating segments | Segment

4

Total revenue

$ 121.4

$ 144.7

$ 153.7

$ 150.7

$ 165.1

$ 153.4

$ 146.7

$ 94.8

$ 570.5

$ 560

$ 365.2

Customer Concentration Risk | State of Hawaii

Revenue, Major Customer [Line Items]

Total revenue

80.8

79.6

Customer Concentration Risk | City and County of Honolulu

Revenue, Major Customer [Line Items]

Total revenue

38.1

37.5

Customer Concentration Risk | C&H Sugar Company, Inc

Revenue, Major Customer [Line Items]

Total revenue

$ 71.6

$ 65.5

$ 87.6

Buildings | Real Estate Leasing

Revenue, Major Customer [Line Items]

Number of real estate properties | Property

58

58

Net rentable area | ft²

4,900,000

Buildings | Oahu | Real Estate Leasing

Revenue, Major Customer [Line Items]

Area of real estate property

660,000

42

Land | Neighbor Islands | Real Estate Leasing

Revenue, Major Customer [Line Items]

Area of real estate property | ft²

64

SEGMENT RESULTS - Schedule of O

SEGMENT RESULTS - Schedule of Operating Segment Information (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue	$ 121.4	$ 144.7	$ 153.7	$ 150.7	$ 165.1	$ 153.4	$ 146.7	$ 94.8	$ 570.5	$ 560	$ 365.2
Total operating profit	(9.9)	22.2	30.5	54.3	26.5	22.1	28.2	14.3	97.1	91.1	64.7
Interest expense	(6.6)	(6.5)	(6.6)	(7.1)	(7.4)	(7.2)	(7.2)	(7.2)	(26.8)	(29)	(19.1)
General corporate expenses	(4.4)	(4.8)	(5.3)	(5.6)	(5.2)	(3.9)	(4.3)	(5.2)	(20.1)	(18.6)	(17.4)
Reduction in KRS II carrying value	(0.9)	(0.1)	(1.5)	(0.1)	0.4	(15.1)	0	0	(2.6)	(14.7)	0
Separation/Acquisition Costs									0	0	(4.6)
Income From Continuing Operations Before Income Taxes	(21.8)	10.8	17.1	41.5	14.3	(4.1)	16.7	1.9	47.6	28.8	23.6
Income tax expense (benefit)	(9.9)	3.8	7	15.6	6.2	(14.9)	6.5	0.8	16.5	(1.4)	11.1
Income From Continuing Operations	(11.9)	7	10.1	25.9	8.1	10.8	10.2	1.1	31.1	30.2	12.5
Income from discontinued operations (net of income taxes)	0	0	0	0	0	0	0	34.3	0	34.3	22.3
Net Income	(11.9)	7	10.1	25.9	8.1	10.8	10.2	35.4	31.1	64.5	34.8
Income attributable to noncontrolling interest	(0.3)	(0.3)	(0.3)	(0.6)	(1.1)	(0.6)	(1)	(0.4)	(1.5)	(3.1)	(0.5)
Net income (loss) attributable to A&B	(12.2)	6.7	9.8	25.3	$ 7	$ 10.2	$ 9.2	$ 35	29.6	61.4	34.3
Less: Undistributed earnings allocated to redeemable noncontrolling interest	(1.8)	(1.3)	0	0					(3.1)	0	0
Net income (loss) available to A&B shareholders	$ (14)	$ 5.4	$ 9.8	$ 25.3					$ 26.5	$ 61.4	$ 34.3
Earnings per share available to A&B shareholders:
Basic (in dollars per share)	$ (0.29)	$ 0.11	$ 0.20	$ 0.52	$ 0.14	$ 0.21	$ 0.19	$ 0.72	$ 0.54	$ 1.26	$ 0.77
Diluted (in dollars per share)	$ (0.29)	$ 0.11	$ 0.20	$ 0.51	$ 0.14	$ 0.21	$ 0.19	$ 0.71	$ 0.54	$ 1.25	$ 0.76
Weighted average shares:
Basic (in shares)	48.9	48.9	48.9	48.8	48.8	48.8	48.7	48.7	48.9	48.7	44.4
Diluted (in shares)	48.9	49.3	49.4	49.3	49.3	49.3	49.3	49.2	49.3	49.3	45.1
Segment Reporting Information, Additional Information [Abstract]
Total assets	$ 2,243.5				$ 2,321.6				$ 2,243.5	$ 2,321.6	$ 2,275.8
Total capital expenditures									44.7	75.1	505.3
Total depreciation and amortization									55.7	55	41.7
Leasing
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue	33.3	$ 33	$ 34.8	$ 32.7	32.1	$ 31.3	$ 31	$ 31.2	133.8	125.6	110.4
Total operating profit	13.5	12.5	13.9	13.2	11.6	12.1	12	11.8	53.1	47.5	43.4
Segment Reporting Information, Additional Information [Abstract]
Total assets	1,058.8				1,121.1				1,058.8	1,121.1	1,113
Total capital expenditures									23	51.8	488.5
Total depreciation and amortization									30.3	26.9	24.3
Development and Sales
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue	22.7	19.9	52.4	36.5	39.4	18.2	21.4	71	131.5	150	423
Total operating profit	7.5	11.2	14.3	32	14.2	11.4	7.8	52.3	65	85.7	44.4
Segment Reporting Information, Additional Information [Abstract]
Total assets	622				633.9				622	633.9	640.4
Total capital expenditures									0	0	0.1
Total depreciation and amortization									0.2	0.2	0.2
Less amounts reported in discontinued operations
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue					0	0	0	(70.4)	0	(70.4)	(369.2)
Total operating profit					0	0	0	(56.2)	0	(56.2)	(36.7)
Reconciling Items
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue	(10)	0	(16.7)	(4.3)					(31)	0	0
Materials & Construction
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue	53.7	51	57.4	56.9	61.3	58.4	64.5	50.1	219	234.3	54.9
Total operating profit	9.2	7.5	7	7.2	8.6	5.9	8	3.4	30.9	25.9	2.9
Segment Reporting Information, Additional Information [Abstract]
Total assets	386.6				385.9				386.6	385.9	358.7
Total capital expenditures									7.2	10.7	4.8
Total depreciation and amortization									11.6	15.2	4.4
Agribusiness
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenue	21.7	40.8	25.8	28.9	32.3	45.5	29.8	12.9	117.2	120.5	146.1
Total operating profit	(17.5)	(9)	(4.7)	1.9	(7.9)	$ (7.3)	$ 0.4	$ 3	(29.3)	(11.8)	10.7
Segment Reporting Information, Additional Information [Abstract]
Total assets	151.5				159.7				151.5	159.7	155.3
Total capital expenditures									13.1	10.8	11.8
Total depreciation and amortization									12.1	11.5	11.7
Agribusiness cessation costs
Segment Reporting Information, Profit (Loss) [Abstract]
Total operating profit	(22.6)	$ 0	$ 0	$ 0					(22.6)	0	0
Other
Segment Reporting Information, Additional Information [Abstract]
Total assets	$ 24.6				$ 21				24.6	21	8.4
Total capital expenditures									1.4	1.8	0.1
Total depreciation and amortization									$ 1.5	$ 1.2	$ 1.1

SEGMENT RESULTS - Schedule o112

SEGMENT RESULTS - Schedule of Operating Segment Information (Footnote) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Jul. 31, 2014
Segment Reporting Information [Line Items]
Income related to joint ventures	$ 36.8	$ 2.1	$ 4.3
KRS II
Segment Reporting Information [Line Items]
Investment in various real estate joint ventures	4.4	8.4		$ 23.8
Development and Sales
Segment Reporting Information [Line Items]
Income related to joint ventures	30.2	2	4.2
Investment in various real estate joint ventures	379.7	383.8	335
Expenditures related to real estate developments	7.2	41.7	150.6
Investment in real estate joint ventures	$ 25.8	28.7	22.2
Development and Sales | Crossroads
Segment Reporting Information [Line Items]
Impairment of real estate assets		$ 0.3
Development and Sales | The Shops at Kukui'ula Investment
Segment Reporting Information [Line Items]
Impairment of real estate assets			$ 6.3

SUBSEQUENT EVENT - Narrative (D

SUBSEQUENT EVENT - Narrative (Details) - $ / shares	Jan. 26, 2016	Dec. 31, 2015	Dec. 31, 2014
Subsequent Event [Line Items]
Quarterly cash dividend declared (in dollars per share)		$ 0.21	$ 0.17
Subsequent Event
Subsequent Event [Line Items]
Quarterly cash dividend declared (in dollars per share)	$ 0.06

SCHEDULE III - REAL ESTATE A114

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015
Gross Amounts at Which Carried at Close of Period
Total	$ 1,397.1	$ 1,402.1	$ 1,022	$ 1,332.5
Accumulated depreciation	(120.5)	(116.9)	(133.8)	(128)
Aggregate tax basis of assets				575.4
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of year	1,397.1	1,402.1	1,022
Additions and improvements	32.2	57	758.5
Dispositions, retirements and other adjustments	(96.8)	(62)	(378.4)
Balance at end of year	1,332.5	1,397.1	1,402.1
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at beginning of year	(120.5)	(116.9)	(133.8)
Depreciation expense	20.5	19.2	19.5
Dispositions, retirements and other adjustments	(13)	(15.6)	(36.4)
Balance at end of year	$ (128)	$ (120.5)	$ (116.9)
Building and Improvements | Minimum
Gross Amounts at Which Carried at Close of Period
Useful lives		10 years
Building and Improvements | Maximum
Gross Amounts at Which Carried at Close of Period
Useful lives		40 years
Leasehold Improvements | Minimum
Gross Amounts at Which Carried at Close of Period
Useful lives		5 years
Leasehold Improvements | Maximum
Gross Amounts at Which Carried at Close of Period
Useful lives		10 years
P&L Warehouse (HI) | Industrial | Hawaii
Gross Amounts at Which Carried at Close of Period
Year Acquired/Completed, First Date	1,970
Kahului Shopping Center (HI) | Retail | Hawaii
Gross Amounts at Which Carried at Close of Period
Year Acquired/Completed, First Date	1,951
Waianae Mall (HI) | Retail | Hawaii
Gross Amounts at Which Carried at Close of Period
First year of construction	1,975
Leasing Segment
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				148.1
Initial Cost
Land				540.8
Buildings and Improvements				508.4
Costs Capitalized Subsequent to Acquisition
Improvements				99.8
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				540.8
Buildings and Improvements				608.2
Total	$ 1,149			1,149
Accumulated depreciation	(128)			(128)
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	1,149
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(128)
Leasing Segment | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				139.9
Initial Cost
Land				499.7
Buildings and Improvements				335.8
Costs Capitalized Subsequent to Acquisition
Improvements				62.7
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				499.7
Buildings and Improvements				398.5
Total	898.2			898.2
Accumulated depreciation	(65.1)			(65.1)
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	898.2
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(65.1)
Leasing Segment | United States Mainland
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				8.2
Initial Cost
Land				41.1
Buildings and Improvements				172.6
Costs Capitalized Subsequent to Acquisition
Improvements				37.1
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				41.1
Buildings and Improvements				209.7
Total	250.8			250.8
Accumulated depreciation	(62.9)			(62.9)
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	250.8
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(62.9)
Leasing Segment | Kailua Industrial/Other (HI) | Industrial | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				10.5
Buildings and Improvements				2
Costs Capitalized Subsequent to Acquisition
Improvements				0.1
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				10.5
Buildings and Improvements				2.1
Total	12.6			12.6
Accumulated depreciation	$ (0.1)			(0.1)
Year Acquired/Completed, First Date	2,013
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 12.6
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(0.1)
Leasing Segment | Kaka'ako Commerce Center (HI) | Industrial | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				16.9
Buildings and Improvements				20.6
Costs Capitalized Subsequent to Acquisition
Improvements				0.1
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				16.9
Buildings and Improvements				20.7
Total	37.6			37.6
Accumulated depreciation	$ (0.5)			(0.5)
First year of construction	1,969
Year Acquired/Completed, First Date	2,014
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 37.6
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(0.5)
Leasing Segment | Komohana Industrial Park (HI) | Industrial | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				25.2
Buildings and Improvements				10.8
Costs Capitalized Subsequent to Acquisition
Improvements				0.4
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				25.2
Buildings and Improvements				11.2
Total	36.4			36.4
Accumulated depreciation	$ (1.7)			(1.7)
First year of construction	1,990
Year Acquired/Completed, First Date	2,010
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 36.4
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(1.7)
Leasing Segment | P&L Warehouse (HI) | Industrial | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				0
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				1.2
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				1.2
Total	1.2			1.2
Accumulated depreciation	$ (0.6)			(0.6)
First year of construction	1,970
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 1.2
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(0.6)
Leasing Segment | Port Allen (HI) | Industrial | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				0
Buildings and Improvements				0.7
Costs Capitalized Subsequent to Acquisition
Improvements				1.9
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				2.6
Total	2.6			2.6
Accumulated depreciation	$ (1.9)			(1.9)
First year of construction	1,985
Second year of construction	1,983
Year Acquired/Completed, First Date	1,983
Year Acquired/Completed Second Date	1,993
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 2.6
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(1.9)
Leasing Segment | Waipio Industrial (HI) | Industrial | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				19.6
Buildings and Improvements				7.7
Costs Capitalized Subsequent to Acquisition
Improvements				0.2
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				19.6
Buildings and Improvements				7.9
Total	27.5			27.5
Accumulated depreciation	$ (1.5)			(1.5)
First year of construction	1,988
Second year of construction	1,989
Year Acquired/Completed, First Date	2,009
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 27.5
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(1.5)
Leasing Segment | Midstate Hayes (CA) | Industrial | California
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				8.2
Initial Cost
Land				2.7
Buildings and Improvements				29.6
Costs Capitalized Subsequent to Acquisition
Improvements				1.2
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				2.7
Buildings and Improvements				30.8
Total	33.5			33.5
Accumulated depreciation	$ (6.1)			(6.1)
First year of construction	2,002
Second year of construction	2,008
Year Acquired/Completed, First Date	2,008
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 33.5
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(6.1)
Leasing Segment | Sparks Business Center (NV) | Industrial | Nevada
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				3.2
Buildings and Improvements				17.2
Costs Capitalized Subsequent to Acquisition
Improvements				3
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				3.2
Buildings and Improvements				20.2
Total	23.4			23.4
Accumulated depreciation	$ (7.9)			(7.9)
First year of construction	1,996
Second year of construction	1,998
Year Acquired/Completed, First Date	2,002
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 23.4
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(7.9)
Leasing Segment | Judd Building (HI) | Office | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				1
Buildings and Improvements				2.1
Costs Capitalized Subsequent to Acquisition
Improvements				1.9
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				1
Buildings and Improvements				4
Total	5			5
Accumulated depreciation	$ (1.5)			(1.5)
First year of construction	1,898
Second year of construction	1,979
Year Acquired/Completed, First Date	2,000
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 5
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(1.5)
Leasing Segment | Kahului Office Building (HI) | Office | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				1
Buildings and Improvements				0.4
Costs Capitalized Subsequent to Acquisition
Improvements				5.9
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				1
Buildings and Improvements				6.3
Total	7.3			7.3
Accumulated depreciation	$ (7)			(7)
First year of construction	1,974
Year Acquired/Completed, First Date	1,989
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 7.3
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(7)
Leasing Segment | Kahului Office Center (HI) | Office | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				0
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				5.7
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				5.7
Total	5.7			5.7
Accumulated depreciation	$ (3.5)			(3.5)
First year of construction	1,991
Year Acquired/Completed, First Date	1,991
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 5.7
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(3.5)
Leasing Segment | Lono Center (HI) | Office | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				0
Buildings and Improvements				1.4
Costs Capitalized Subsequent to Acquisition
Improvements				1.2
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				2.6
Total	2.6			2.6
Accumulated depreciation	$ (1.3)			(1.3)
First year of construction	1,973
Year Acquired/Completed, First Date	1,991
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 2.6
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(1.3)
Leasing Segment | Maui Clinic Building (HI) | Office | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				0
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				0.5
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				0.5
Total	0.5			0.5
Accumulated depreciation	$ (0.1)			(0.1)
First year of construction	1,958
Year Acquired/Completed, First Date	2,013
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 0.5
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(0.1)
Leasing Segment | Mililani South (HI) | Office | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				7
Buildings and Improvements				3.5
Costs Capitalized Subsequent to Acquisition
Improvements				5.2
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				7
Buildings and Improvements				8.7
Total	15.7			15.7
Accumulated depreciation	$ (0.4)			(0.4)
First year of construction	1,992
Second year of construction	2,006
Year Acquired/Completed, First Date	2,012
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 15.7
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(0.4)
Leasing Segment | Stangenwald Building (HI) | Office | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				1.8
Buildings and Improvements				1
Costs Capitalized Subsequent to Acquisition
Improvements				1.3
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				1.8
Buildings and Improvements				2.3
Total	4.1			4.1
Accumulated depreciation	$ (0.9)			(0.9)
First year of construction	1,901
Second year of construction	1,980
Year Acquired/Completed, First Date	1,996
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 4.1
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(0.9)
Leasing Segment | 1800 and 1820 Preston Park (TX) | Office | Texas
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				4.5
Buildings and Improvements				19.9
Costs Capitalized Subsequent to Acquisition
Improvements				5
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				4.5
Buildings and Improvements				24.9
Total	29.4			29.4
Accumulated depreciation	$ (6.9)			(6.9)
First year of construction	1,997
Second year of construction	1,998
Year Acquired/Completed, First Date	2,006
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 29.4
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(6.9)
Leasing Segment | 2868 Prospect Park (CA) | Office | California
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				2.9
Buildings and Improvements				18.1
Costs Capitalized Subsequent to Acquisition
Improvements				9.5
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				2.9
Buildings and Improvements				27.6
Total	30.5			30.5
Accumulated depreciation	$ (13.7)			(13.7)
First year of construction	1,998
Year Acquired/Completed, First Date	1,998
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 30.5
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(13.7)
Leasing Segment | 2890 Gateway Oaks (CA) | Office | California
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				1.7
Buildings and Improvements				10.8
Costs Capitalized Subsequent to Acquisition
Improvements				1.7
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				1.7
Buildings and Improvements				12.5
Total	14.2			14.2
Accumulated depreciation	$ (3.3)			(3.3)
First year of construction	1,999
Year Acquired/Completed, First Date	2,006
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 14.2
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(3.3)
Leasing Segment | Concorde Commerce Center (AZ) | Office | Arizona
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				3.9
Buildings and Improvements				20.9
Costs Capitalized Subsequent to Acquisition
Improvements				6
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				3.9
Buildings and Improvements				26.9
Total	30.8			30.8
Accumulated depreciation	$ (6.6)			(6.6)
First year of construction	1,998
Year Acquired/Completed, First Date	2,006
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 30.8
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(6.6)
Leasing Segment | Deer Valley Financial Center (AZ) | Office | Arizona
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				3.4
Buildings and Improvements				19.2
Costs Capitalized Subsequent to Acquisition
Improvements				3.4
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				3.4
Buildings and Improvements				22.6
Total	26			26
Accumulated depreciation	$ (6.9)			(6.9)
First year of construction	2,001
Year Acquired/Completed, First Date	2,005
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 26
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(6.9)
Leasing Segment | Ninigret Office X and XI (TX) | Office | Texas
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				3.1
Buildings and Improvements				17.7
Costs Capitalized Subsequent to Acquisition
Improvements				4.6
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				3.1
Buildings and Improvements				22.3
Total	25.4			25.4
Accumulated depreciation	$ (7)			(7)
Year Acquired/Completed, First Date	2,006
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 25.4
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	$ (7)
Leasing Segment | Ninigret Office X and XI (TX) | Office | Utah
Gross Amounts at Which Carried at Close of Period
First year of construction	1,999
Second year of construction	2,002
Leasing Segment | Gateway at Mililani Mauka (HI) | Retail | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				7.3
Buildings and Improvements				4.7
Costs Capitalized Subsequent to Acquisition
Improvements				5.2
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				7.3
Buildings and Improvements				9.9
Total	$ 17.2			17.2
Accumulated depreciation	$ (0.5)			(0.5)
First year of construction	2,006
Second year of construction	2,013
Year Acquired/Completed, First Date	2,011
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 17.2
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(0.5)
Leasing Segment | Kahului Shopping Center (HI) | Retail | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				0
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				2.7
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				2.7
Total	2.7			2.7
Accumulated depreciation	$ (1.5)			(1.5)
First year of construction	1,951
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 2.7
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(1.5)
Leasing Segment | Kailua Grocery Anchored (HI) | Retail | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				11
Initial Cost
Land				77.9
Buildings and Improvements				56
Costs Capitalized Subsequent to Acquisition
Improvements				0.7
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				77.9
Buildings and Improvements				56.7
Total	134.6			134.6
Accumulated depreciation	$ (3.3)			(3.3)
Year Acquired/Completed, First Date	2,013
Year Acquired/Completed Second Date	2,015
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 134.6
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(3.3)
Leasing Segment | Kailua Retail Other (HI) | Retail | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				29.6
Buildings and Improvements				26.7
Costs Capitalized Subsequent to Acquisition
Improvements				1.4
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				29.6
Buildings and Improvements				28.1
Total	57.7			57.7
Accumulated depreciation	$ (1.8)			(1.8)
Year Acquired/Completed, First Date	2,013
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 57.7
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(1.8)
Leasing Segment | Kaneohe Bay Shopping Ctr. (HI) | Retail | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				0
Buildings and Improvements				13.4
Costs Capitalized Subsequent to Acquisition
Improvements				1.9
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				15.3
Total	15.3			15.3
Accumulated depreciation	$ (5.5)			(5.5)
First year of construction	1,971
Year Acquired/Completed, First Date	2,001
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 15.3
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(5.5)
Leasing Segment | Kunia Shopping Center (HI) | Retail | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				2.7
Buildings and Improvements				10.6
Costs Capitalized Subsequent to Acquisition
Improvements				1.3
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				2.7
Buildings and Improvements				11.9
Total	14.6			14.6
Accumulated depreciation	$ (3.8)			(3.8)
First year of construction	2,004
Year Acquired/Completed, First Date	2,002
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 14.6
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(3.8)
Leasing Segment | Lahaina Square (HI) | Retail | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				4.6
Buildings and Improvements				3.7
Costs Capitalized Subsequent to Acquisition
Improvements				0.4
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				4.6
Buildings and Improvements				4.1
Total	8.7			8.7
Accumulated depreciation	$ (0.6)			(0.6)
First year of construction	1,973
Year Acquired/Completed, First Date	2,010
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 8.7
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(0.6)
Leasing Segment | Lanihau Marketplace (HI) | Retail | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				9.4
Buildings and Improvements				13.2
Costs Capitalized Subsequent to Acquisition
Improvements				1.4
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				9.4
Buildings and Improvements				14.6
Total	24			24
Accumulated depreciation	$ (2.1)			(2.1)
First year of construction	1,987
Year Acquired/Completed, First Date	2,010
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 24
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(2.1)
Leasing Segment | Napili Plaza (HI) | Retail | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				9.4
Buildings and Improvements				8
Costs Capitalized Subsequent to Acquisition
Improvements				0.5
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				9.4
Buildings and Improvements				8.5
Total	17.9			17.9
Accumulated depreciation	$ (0.9)			(0.9)
First year of construction	1,991
Year Acquired/Completed, First Date	2,003
Year Acquired/Completed Second Date	2,013
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 17.9
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(0.9)
Leasing Segment | Pearl Highlands Center (HI) | Retail | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				91.9
Initial Cost
Land				43.4
Buildings and Improvements				96.2
Costs Capitalized Subsequent to Acquisition
Improvements				1.8
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				43.4
Buildings and Improvements				98
Total	141.4			141.4
Accumulated depreciation	$ (6.8)			(6.8)
First year of construction	1,993
Year Acquired/Completed, First Date	2,013
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 141.4
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(6.8)
Leasing Segment | Port Allen Marina Ctr. (HI) | Retail | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				0
Buildings and Improvements				3.4
Costs Capitalized Subsequent to Acquisition
Improvements				1.1
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				4.5
Total	4.5			4.5
Accumulated depreciation	$ (1.9)			(1.9)
First year of construction	2,002
Year Acquired/Completed, First Date	1,971
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 4.5
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(1.9)
Leasing Segment | The Shops at Kukui'ula (HI) | Retail | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				37
Initial Cost
Land				8.9
Buildings and Improvements				30.1
Costs Capitalized Subsequent to Acquisition
Improvements				1.9
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				8.9
Buildings and Improvements				32
Total	40.9			40.9
Accumulated depreciation	$ (2.1)			(2.1)
First year of construction	2,009
Year Acquired/Completed, First Date	2,013
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 40.9
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(2.1)
Leasing Segment | Waianae Mall (HI) | Retail | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				17.4
Buildings and Improvements				10.1
Costs Capitalized Subsequent to Acquisition
Improvements				4.2
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				17.4
Buildings and Improvements				14.3
Total	31.7			31.7
Accumulated depreciation	$ (1.1)			(1.1)
Year Acquired/Completed, First Date	2,013
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 31.7
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(1.1)
Leasing Segment | Waipio Shopping Center (HI) | Retail | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				24
Buildings and Improvements				7.6
Costs Capitalized Subsequent to Acquisition
Improvements				0.4
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				24
Buildings and Improvements				8
Total	32			32
Accumulated depreciation	$ (1.4)			(1.4)
First year of construction	1,986
Second year of construction	2,004
Year Acquired/Completed, First Date	2,009
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 32
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(1.4)
Leasing Segment | Little Cottonwood Center (UT) | Retail | Utah
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				12.2
Buildings and Improvements				9.1
Costs Capitalized Subsequent to Acquisition
Improvements				1
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				12.2
Buildings and Improvements				10.1
Total	22.3			22.3
Accumulated depreciation	$ (1.6)			(1.6)
First year of construction	1,998
Second year of construction	2,008
Year Acquired/Completed, First Date	2,010
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 22.3
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(1.6)
Leasing Segment | Royal MacArthur Center (TX) | Retail | Texas
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				3.5
Buildings and Improvements				10.1
Costs Capitalized Subsequent to Acquisition
Improvements				1.7
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				3.5
Buildings and Improvements				11.8
Total	15.3			15.3
Accumulated depreciation	$ (2.9)			(2.9)
First year of construction	2,006
Year Acquired/Completed, First Date	2,007
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 15.3
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(2.9)
Leasing Segment | Oahu ground leases (HI) | Other | Hawaii
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				164.2
Buildings and Improvements				0.6
Costs Capitalized Subsequent to Acquisition
Improvements				0
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				164.2
Buildings and Improvements				0.6
Total	164.8			164.8
Accumulated depreciation	$ 0			0
Year Acquired/Completed, First Date	2,013
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	$ 164.8
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Leasing Segment | Other miscellaneous investments | Other
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				17.9
Buildings and Improvements				1.3
Costs Capitalized Subsequent to Acquisition
Improvements				12.2
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				17.9
Buildings and Improvements				13.5
Total	31.4			31.4
Accumulated depreciation	(10.8)			(10.8)
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	31.4
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	(10.8)
Development and Sales segment | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				8.2
Initial Cost
Land				91.5
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				92
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				91.5
Buildings and Improvements				92
Total	183.5			183.5
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	183.5
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Aina ‘O Kane | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				0
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				1.2
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				1.2
Total	1.2			1.2
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	1.2
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Brydeswood | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				0
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				2.6
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				2.6
Total	2.6			2.6
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	2.6
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Grove Ranch | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				0
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				1.5
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				1.5
Total	1.5			1.5
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	1.5
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Haliimaile | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				0
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				1
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				1
Total	1			1
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	1
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Kahala Portfolio | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				8.2
Initial Cost
Land				49.7
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				1.5
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				49.7
Buildings and Improvements				1.5
Total	51.2			51.2
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	51.2
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Kamalani | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				0
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				3.1
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				3.1
Total	3.1			3.1
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	3.1
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Kahului Town Center | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				0
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				2.3
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				2.3
Total	2.3			2.3
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	2.3
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Kai 'Olino | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				0
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				11.3
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				11.3
Total	11.3			11.3
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	11.3
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Maui Business Park II | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				0
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				44.7
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				44.7
Total	44.7			44.7
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	44.7
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Wailea B-1 | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				4.6
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				0
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				4.6
Buildings and Improvements				0
Total	4.6			4.6
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	4.6
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Wailea B-II | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				3.3
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				0
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				3.3
Buildings and Improvements				0
Total	3.3			3.3
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	3.3
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Wailea MF-6 | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				5.8
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				0
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				5.8
Buildings and Improvements				0
Total	5.8			5.8
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	5.8
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Wailea MF-7 | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				2.9
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				5.9
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				2.9
Buildings and Improvements				5.9
Total	8.8			8.8
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	8.8
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Wailea SF-8 | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				1.3
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				0
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				1.3
Buildings and Improvements				0
Total	1.3			1.3
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	1.3
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Wailea MF-10 | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				2
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				1.9
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				2
Buildings and Improvements				1.9
Total	3.9			3.9
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	3.9
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Wailea MF-16 | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				2.7
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				0
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				2.7
Buildings and Improvements				0
Total	2.7			2.7
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	2.7
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | The Ridge at Wailea (MF-19) | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				1.7
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				6.2
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				1.7
Buildings and Improvements				6.2
Total	7.9			7.9
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	7.9
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Wailea, other | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				15.3
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				1.5
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				15.3
Buildings and Improvements				1.5
Total	16.8			16.8
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	16.8
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Waiale Community | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				0
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				1.7
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				1.7
Total	1.7			1.7
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	1.7
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Other Maui landholdings | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				2.2
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				4.2
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				2.2
Buildings and Improvements				4.2
Total	6.4			6.4
Accumulated depreciation	0			0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	6.4
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	0
Development and Sales segment | Other Kauai landholdings | Real Estate
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances				0
Initial Cost
Land				0
Buildings and Improvements				0
Costs Capitalized Subsequent to Acquisition
Improvements				1.4
Carrying Costs				0
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				1.4
Total	1.4			1.4
Accumulated depreciation	0			$ 0
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at end of year	1.4
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of year	$ 0