Alexander & Baldwin (ALEX) 10-K 1 Mar 23 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2022	Feb. 15, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-35492
Entity Registrant Information	Alexander & Baldwin, Inc.
Entity Incorporation, State or Country Code	HI
Entity Tax Identification Number	45-4849780
Entity Address, Address Line One	822 Bishop Street
Entity Address, Address Line Two	Post Office Box 3440
Entity Address, City or Town	Honolulu
Entity Address, State or Province	HI
Entity Address, Postal Zip Code	96801
City Area Code	808
Local Phone Number	525-6611
Title of 12(b) Security	Common Stock, without par value
Trading Symbol	ALEX
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 1,305,282,230
Entity Common Stock, Shares Outstanding		72,593,773
Documents Incorporated by Reference	Documents Incorporated By Reference Portions of Registrant’s Proxy Statement for the 2023 Annual Meeting of Shareholders (Part III of Form 10-K)
Entity Central Index Key	0001545654
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Firm ID	34
Auditor Name	Deloitte & Touche LLP
Auditor Location	Honolulu, Hawai‘i

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Real estate investments
Real estate property	$ 1,598.9	$ 1,588.2
Accumulated depreciation	(202.3)	(180.5)
Real estate property, net	1,396.6	1,407.7
Real estate developments	59.9	65
Investments in real estate joint ventures and partnerships	7.5	8.8
Real estate intangible assets, net	43.6	51.6
Real estate investments, net	1,507.6	1,533.1
Cash and cash equivalents	33.3	65.4
Restricted cash	1	1
Accounts receivable, net of allowances (credit losses and doubtful accounts) of $2.5 million and $0.8 million as of December 31, 2022 and 2021, respectively	6.1	2.2
Other property, net	2.5	17.9
Operating lease right-of-use assets	5.4	7
Goodwill	8.7	8.7
Other receivables, net of allowances of $2.7 million and $2.5 million as of December 31, 2022 and 2021, respectively	6.9	11.6
Prepaid expenses and other assets	89	78.2
Assets held for sale	126.8	154.7
Total assets	1,787.3	1,879.8
Liabilities:
Notes payable and other debt	472.2	530.8
Accounts payable	4.5	3.4
Operating lease liabilities	4.9	6.5
Accrued pension and post-retirement benefits	10.1	56.3
Deferred revenue	68.8	68.3
Accrued and other liabilities	102.1	95.2
Liabilities associated with assets held for sale	81	45.8
Total liabilities	743.6	806.3
Commitments and Contingencies (Note 10)
Redeemable Noncontrolling Interest (Note 2)	8	6.9
Equity:
Common stock - no par value; authorized, 150.0 million shares; outstanding 72.5 million and 72.5 million shares as of December 31, 2022 and 2021, respectively	1,808.4	1,810.5
Accumulated other comprehensive income (loss)	1.8	(80.7)
Distributions in excess of accumulated earnings	(774.5)	(663.2)
Total A&B shareholders' equity	1,035.7	1,066.6
Total liabilities and equity	$ 1,787.3	$ 1,879.8

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for credit losses and allowance for doubtful accounts on accounts receivable	$ 2.5	$ 0.8
Allowance for credit losses on other receivables	$ 2.7	$ 2.5
Common stock authorized (in shares)	150,000,000	150,000,000
Common stock outstanding (in shares)	72,500,000	72,500,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating Revenue:
Total operating revenue	$ 230.5	$ 254	$ 190.3
Operating Costs and Expenses:
Selling, general and administrative	35.9	36.6	31.1
Total operating costs and expenses	168.8	171.5	157.3
Gain (loss) on disposal of commercial real estate properties, net	0	2.8	0.5
Gain (loss) on disposal of non-core assets, net	54	0.1	8.9
Total gain (loss) on disposal of assets, net	54	2.9	9.4
Operating Income (Loss)	115.7	85.4	42.4
Other Income and (Expenses):
Income (loss) related to joint ventures	1.6	17.9	6.8
Pension termination	(76.9)	0	0
Interest and other income (expense), net	0.4	(1.7)	(0.1)
Interest expense	(22)	(26.2)	(30.2)
Income (Loss) from Continuing Operations Before Income Taxes	18.8	75.4	18.9
Income tax benefit (expense)	18.3	0	0.4
Income (Loss) from Continuing Operations	37.1	75.4	19.3
Income (loss) from discontinued operations, net of income taxes	(86.6)	(39.6)	(14.1)
Net Income (Loss)	(49.5)	35.8	5.2
Loss (income) attributable to discontinued noncontrolling interest	(1.1)	(0.4)	0.4
Net Income (Loss) Attributable to A&B Shareholders	$ (50.6)	$ 35.4	$ 5.6
Basic Earnings (Loss) Per Share of Common Stock:
Continuing operations available to A&B shareholders (in dollars per share)	$ 0.51	$ 1.03	$ 0.27
Discontinued operations available to A&B shareholders (in dollars per share)	(1.21)	(0.55)	(0.19)
Net income (loss) available to A&B shareholders (in dollars per share)	(0.70)	0.48	0.08
Diluted Earnings (Loss) Per Share of Common Stock:
Continuing operations available to A&B shareholders (in dollars per share)	0.50	1.03	0.27
Discontinued operations available to A&B shareholders (in dollars per share)	(1.20)	(0.55)	(0.19)
Net income (loss) available to A&B shareholders (in dollars per share)	$ (0.70)	$ 0.48	$ 0.08
Weighted-Average Number of Shares Outstanding:
Basic (in shares)	72,600	72,500	72,300
Diluted (in shares)	72,800	72,600	72,400
Amounts available to A&B Common Shareholders
Continuing operations available to A&B common shareholders	$ 36.9	$ 75.1	$ 19.2
Discontinued operations available to A&B common shareholders	(87.7)	(40)	(13.7)
Net income (loss) available to A&B common shareholders	(50.8)	35.1	5.5
Commercial Real Estate
Operating Revenue:
Commercial Real Estate	187.2	174.1	151.6
Operating Costs and Expenses:
Cost of Commercial Real Estate	98.7	96	95.6
Land Operations
Operating Revenue:
Revenues	43.3	79.9	38.7
Operating Costs and Expenses:
Operating costs	$ 34.2	$ 38.9	$ 30.6

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (49.5)	$ 35.8	$ 5.2
Cash flow hedges:
Unrealized interest rate hedging gain (loss)	4.9	2.3	(6.9)
Realized interest rate hedging gain (loss)	(0.5)	0	0
Impact of reclassification adjustment to interest expense included in Net Income (Loss)	0.5	1.6	1
Employee benefit plans:
Actuarial gain (loss)	17	(27.4)	(7.7)
Amortization of net loss included in net periodic benefit cost	1.9	2.8	2.5
Prior service cost	0	0	(0.1)
Amortization of prior service credit included in net periodic benefit cost	0.1	0	0
Pension termination	76.9	0	0
Income taxes related to other comprehensive income (loss)	(18.3)	0	0
Other comprehensive income (loss), net of tax	82.5	(20.7)	(11.2)
Comprehensive Income (Loss)	33	15.1	(6)
Comprehensive (income) loss attributable to discontinued noncontrolling interest	(1.1)	(0.4)	0.4
Comprehensive Income (Loss) Attributable to A&B Shareholders	$ 31.9	$ 14.7	$ (5.6)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash Flows from Operating Activities:
Net income (loss)	$ (49.5)	$ 35.8	$ 5.2
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:
Loss (income) from discontinued operations	86.6	39.6	14.1
Depreciation and amortization	38	39.6	42.5
Income tax benefit related to pension termination and other, net	(18.1)	0	0
Loss (gain) from disposals and asset transactions, net	(54)	(2.9)	(9.3)
Impairment of assets	5	0	0
Share-based compensation expense	4.9	5.9	5.8
Equity in (income) loss from affiliates, net of operating cash distributions	(0.9)	(9)	(5.6)
Pension termination	76.9	0	0
Changes in operating assets and liabilities:
Trade and other receivables	(3.9)	3.9	(2.9)
Inventories	0.1	(0.2)	0
Prepaid expenses, income tax receivable and other assets	(1.8)	(4.7)	13.8
Development/other property inventory	10.5	8.7	3.6
Accrued pension and post-retirement benefits	(27.1)	(3)	2.7
Accounts payable	0.8	(0.5)	(4.5)
Accrued and other liabilities	(0.3)	4.9	(10.4)
Operating cash flows from continuing operations	67.2	118.1	55
Operating cash flows from discontinued operations	(33.2)	6.1	8.1
Net cash provided by (used in) operations	34	124.2	63.1
Cash Flows from Investing Activities:
Capital expenditures for acquisitions	0	(16.9)	0
Capital expenditures for property, plant and equipment	(21.7)	(30.3)	(20.6)
Proceeds from disposal of assets	73.1	3	22.9
Payments for purchases of investments in affiliates and other investments	(0.5)	(1.2)	(1)
Distributions of capital and other receipts from investments in affiliates and other investments	0.1	149.5	11
Investing cash flows from continuing operations	51	104.1	12.3
Investing cash flows from discontinued operations	(6.4)	(7.6)	(0.3)
Net cash provided by (used in) investing activities	44.6	96.5	12
Cash Flows from Financing Activities:
Proceeds from issuance of notes payable and other debt	0	131	173
Payments of notes payable and other debt and deferred financing costs	(23.2)	(288.8)	(181.7)
Borrowings (payments) on line-of-credit agreement, net	(38)	0	(8.7)
Cash dividends paid	(57.7)	(46.6)	(13.8)
Repurchases of common stock and other payments	(7.3)	(1.3)	(0.6)
Financing cash flows from continuing operations	(126.2)	(205.7)	(31.8)
Financing cash flows from discontinued operations	11	(1.4)	(1.3)
Net cash provided by (used in) financing activities	(115.2)	(207.1)	(33.1)
Cash, Cash Equivalents, Restricted Cash, and Cash included in Assets Held for Sale
Net increase (decrease) in cash, cash equivalents, restricted cash, and cash included in assets held for sale	(36.6)	13.6	42
Balance, beginning of period	71	57.4	15.4
Balance, end of period	34.4	71	57.4
Other Cash Flow Information:
Interest paid, net of capitalized interest	(21.4)	(25.3)	(28.9)
Income tax (payments)/refunds, net	1	0.5	0.5
Reconciliation of cash, cash equivalents, restricted cash, and cash included in assets held for sale:
Cash and cash equivalents, beginning of period	65.4	54.9	15.2
Restricted cash, beginning of period	1	0.2	0.2
Cash included in assets held for sale, beginning of period	4.6	2.3	0
Cash, cash equivalents, restricted cash, and cash included in assets held for sale beginning balance	71	57.4	15.4
Cash and cash equivalents, end of period	33.3	65.4	54.9
Restricted cash, end of period	1	1	0.2
Cash included in assets held for sale, end of period	0.1	4.6	2.3
Cash, cash equivalents, restricted cash, and cash included in assets held for sale ending balance	34.4	71	57.4
Continuing Operations
Noncash Investing and Financing Activities from continuing operations:
Capital expenditures included in accounts payable and accrued and other liabilities	0.3	1.5	2.7
Operating lease liabilities arising from obtaining ROU assets	0.7	0	0
Finance lease liabilities arising from obtaining ROU assets	2.6	0	0
Dividends declared but unpaid at end of period	16.3	13.4	10.9
Escrow receivable from disposal of assets	0.9	0	0
Noncash Investing and Financing Activities from discontinued operations:
Capital expenditures included in accounts payable and accrued and other liabilities	0.3	1.5	2.7
Operating lease liabilities arising from obtaining ROU assets	0.7	0	0
Finance lease liabilities arising from obtaining ROU assets	2.6	0	0
Discontinued Operations
Noncash Investing and Financing Activities from continuing operations:
Capital expenditures included in accounts payable and accrued and other liabilities	0.1	0.1	0.2
Operating lease liabilities arising from obtaining ROU assets	20.2	5.5	0.4
Finance lease liabilities arising from obtaining ROU assets	1.1	0.1	0.9
Noncash Investing and Financing Activities from discontinued operations:
Capital expenditures included in accounts payable and accrued and other liabilities	0.1	0.1	0.2
Operating lease liabilities arising from obtaining ROU assets	20.2	5.5	0.4
Finance lease liabilities arising from obtaining ROU assets	$ 1.1	$ 0.1	$ 0.9

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY AND REDEEMABLE NONCONTROLLING INTEREST - USD ($) shares in Millions, $ in Millions	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Accumulated Other Compre- hensive Income (Loss)	(Distribution in Excess of Accumulated Earnings) Earnings Surplus	(Distribution in Excess of Accumulated Earnings) Earnings Surplus Cumulative Effect, Period of Adoption, Adjustment	Non-Controlling Interest	Non-Controlling Interest Cumulative Effect, Period of Adoption, Adjustment
Beginning balance (in shares) at Dec. 31, 2019			72.3
Beginning balance at Dec. 31, 2019	$ 1,128.7	$ (4.1)	$ 1,800.1	$ (48.8)	$ (626.2)	$ (4)	$ 3.6	$ (0.1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	5				5.6		(0.6)
Other comprehensive income (loss), net of tax	(11.2)			(11.2)
Dividends on common stock	(24.7)				(24.7)
Disposal of subsidiary	(2.9)						(2.9)
Share-based compensation	5.8		$ 5.8
Shares issued (repurchased), net (in shares)			0.1
Shares issued (repurchased), net	(0.5)		$ (0.4)		(0.1)
Ending balance (in shares) at Dec. 31, 2020			72.4
Ending balance at Dec. 31, 2020	1,096.1		$ 1,805.5	(60)	(649.4)		0
Beginning balance at Dec. 31, 2019	6.3
Redeemable Non-Controlling Interest
Net income (loss)	0.2
Ending balance at Dec. 31, 2020	6.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	35.4				35.4
Other comprehensive income (loss), net of tax	(20.7)			(20.7)
Dividends on common stock	(49.2)				(49.2)
Share-based compensation	5.9		$ 5.9
Shares issued (repurchased), net (in shares)			0.1
Shares issued (repurchased), net	(0.9)		$ (0.9)
Ending balance (in shares) at Dec. 31, 2021			72.5
Ending balance at Dec. 31, 2021	1,066.6		$ 1,810.5	(80.7)	(663.2)		0
Redeemable Non-Controlling Interest
Net income (loss)	0.4
Ending balance at Dec. 31, 2021	6.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(50.6)				(50.6)
Other comprehensive income (loss), net of tax	82.5			82.5
Dividends on common stock	(60.8)				(60.8)
Share-based compensation	4.9		4.9
Shares issued (repurchased), net	(6.9)		$ (7)		0.1
Ending balance (in shares) at Dec. 31, 2022			72.5
Ending balance at Dec. 31, 2022	1,035.7		$ 1,808.4	$ 1.8	$ (774.5)		$ 0
Redeemable Non-Controlling Interest
Net income (loss)	1.1
Ending balance at Dec. 31, 2022	$ 8

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY AND REDEEMABLE NONCONTROLLING INTEREST (Parenthetical)	12 Months Ended
	Dec. 31, 2019
Statement of Stockholders' Equity [Abstract]
Accounting Standards Update [Extensible List]	Accounting Standards Update 2016-13 [Member]

Background and Basis of Present

Background and Basis of Presentation	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background and Basis of Presentation	Description of Business: Alexander & Baldwin, Inc. ("A&B" or the "Company") is a fully integrated real estate investment trust ("REIT") headquartered in Honolulu, Hawai‘i, whose history in Hawai‘i dates back to 1870. Over time, the Company has evolved from a 571-acre sugar plantation on Maui to become one of Hawai‘i's premier commercial real estate companies and the owner of the largest grocery-anchored, neighborhood shopping center portfolio in the state. As of December 31, 2022, the Company owns a portfolio of commercial real estate improved properties in Hawai‘i consisting of 22 retail centers, 12 industrial assets and four office properties, representing a total of 3.9 million square feet of gross leasable area; it also owns a portfolio of ground leases in Hawai‘i representing 140.7 acres as of December 31, 2022. The Company operates in two segments: Commercial Real Estate and Land Operations. A description of each of the Company's reportable segments is as follows: • Commercial Real Estate ("CRE") - This segment functions as a vertically integrated real estate investment company with core competencies in investments and acquisitions (i.e., identifying opportunities and acquiring properties); construction and development (i.e., designing and ground-up development of new properties or repositioning and redevelopment of existing properties); and in-house leasing and property management (i.e., executing new and renegotiating renewal lease arrangements, managing its properties' day-to-day operations and maintaining positive tenant relationships). The Company's preferred asset classes include improved properties in retail and industrial spaces and also urban ground leases. Its focus within improved retail properties, in particular, is on grocery-anchored neighborhood shopping centers that meet the daily needs of Hawai‘i communities. Through its core competencies and with its experience and relationships in Hawai‘i, the Company seeks to create special places that enhance the lives of Hawai‘i residents and to provide venues and opportunities that enable its tenants to thrive. Income from this segment is principally generated by owning, operating and leasing real estate assets. • Land Operations - This segment includes the Company's legacy landholdings, assets, and liabilities that are subject to the Company's simplification and monetization effort. Financial results from this segment are principally derived from real estate development and land sales, joint ventures, and other legacy business activities. Basis of Presentation and Principles of Consolidation: The Company presents its financial statements in accordance with accounting principles generally accepted in the United States ("GAAP") as outlined in the Financial Accounting Standard Board ("FASB") Accounting Standards Codification (the "Codification" or "ASC"). The Codification is the single source of authoritative accounting principles applied by nongovernmental entities in the preparation of financial statements in conformity with GAAP. The consolidated financial statements include the accounts of the Company (including all wholly-owned subsidiaries), as well as all other entities in which the Company has a controlling financial interest. Intercompany transactions and balances have been eliminated in consolidation. Significant investments in businesses, partnerships and limited liability companies in which the Company does not have a controlling financial interest, but the Company has the ability to exercise significant influence, are accounted for using the equity method. A controlling financial interest in an entity may be established (i) through the Company holding a majority voting interest or (ii) if the Company is the primary beneficiary of an entity that qualifies as a variable interest entity ("VIE"), as defined in the Codification. The Company evaluates all partnerships, joint ventures and other arrangements with variable interests to determine if the entity or arrangement qualifies as a VIE. VIEs are entities where investors lack sufficient equity at risk for the entity to finance its activities without additional subordinated financial support or where equity investors, as a group, lack one of the following characteristics: (a) the power to direct the activities that most significantly impact the entity’s economic performance, (b) the obligation to absorb the expected losses of the entity, or (c) the right to receive the expected returns of the entity. If the entity or arrangement qualifies as a VIE and the Company is determined to be the primary beneficiary, the Company is required to consolidate the assets, liabilities, and results of operations of the VIE. The Company reevaluates whether an entity is a VIE as needed (i.e., when assessing reconsideration events that result in changes in the factors mentioned above) as part of determining if the consolidation or equity method treatment remains appropriate. As of December 31, 2022, the Company had an interest in various unconsolidated joint ventures that the Company accounts for using the equity method. Other than the obligations described in Note 10 – Commitments and Contingencies, obligations of the Company's joint ventures do not have recourse to the Company and the Company's maximum exposure is limited to its investment. Use of Estimates: The preparation of the consolidated financial statements in conformity with GAAP 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) litigation and contingencies, (iii) revenue recognition for long-term real estate developments, (iv) pension and postretirement estimates, and (v) income taxes. Future results could be materially affected if actual results differ from these estimates and assumptions. Rounding: Amounts in the consolidated financial statements and notes are rounded to the nearest tenth of a million. Accordingly, a recalculation of some per-share amounts and percentages, if based on the reported data, may result in differences. Discontinued Operations: In December 2022, in connection with the evaluation of strategic alternatives to monetize and dispose of Grace Pacific, the Company's Board of Directors authorized Management to complete a sale of Grace Pacific and the Company-owned quarry land on Maui (collectively, the “Grace Disposal Group”). As of December 31, 2022, the Company concluded that the plan to dispose of the Grace Disposal Group met the criteria for classification as held for sale and discontinued operations. Accordingly, the assets and liabilities associated with the Grace Disposal Group have been classified as held for sale in the consolidated balance sheets, its financial results have been classified as discontinued operations in the consolidated statements of operations and cash flows for all periods presented. Refer to Note 23 – Held for Sale and Discontinued Operations for additional information. All footnotes exclude discontinued operations unless otherwise noted. Segment Reclassifications: The Company continually monitors its reportable segments for changes in facts and circumstances to determine whether changes in the identification or aggregation of operating segments are necessary. During the fourth quarter of 2022, the Company progressed on its simplification efforts related to the divestiture of its materials & construction business. The Grace Disposal Group, which was reclassified as held for sale and discontinued operations for all periods presented, made up the majority of activity in the Company’s former Materials and Construction ("M&C") segment. Accordingly, the former M&C segment has been eliminated and the segment information presented herein excludes the results of the Grace Disposal Group for all periods presented. As a result of this strategic shift, the chief operating decision maker began reviewing all investments in unconsolidated affiliates together within the Land Operations segment. This change resulted in a reorganization to present the income (loss) related to one joint venture which historically was included in the results of the former M&C segment to now be included in the results of the Land Operations segment. The segment disclosures in this filing have been recast to reflect these changes and therefore differ from prior period quarterly and annual filings to conform to the current year presentation. Refer to Note 20 – Segment Results for additional information.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Real estate property, net: Real estate property, net primarily represents long-lived physical assets associated with the CRE segment's leasing activity (e.g., improved property leases and ground leases); it also includes landholdings and related assets in the Land Operations segment that the Company holds for either possible future development or future monetization as part of its simplification strategy. The balance primarily consists of land, buildings and improvements and is recorded at cost, net of accumulated depreciation. Expenditures for additions, improvements and other enhancements to real estate properties are capitalized, and minor replacements, maintenance and repairs that do not improve or extend asset lives are charged to expense as incurred. When assets related to real estate properties are retired or otherwise disposed of, the related cost and accumulated depreciation is removed from the accounts and any resulting gain or loss is included in results of operations for the respective period. Certain costs are capitalized related to the development and redevelopment of real estate properties, including pre-construction costs; real estate taxes; insurance; construction costs; attributable interest expense; and salaries, and related costs of personnel directly involved. Additionally, the Company makes estimates as to the probability of certain development and redevelopment projects being completed. If the Company determines the development or redevelopment is no longer probable of completion, the Company expenses all capitalized costs which are not recoverable. Acquisitions of real estate properties: Acquisitions of real estate properties are evaluated to determine if they should be accounted for as asset acquisitions or business combinations (under current guidance, acquisitions of real estate properties are generally considered asset acquisitions). Under asset acquisition accounting, the Company estimates the fair value of acquired tangible assets (e.g., land, buildings and tenant improvements), identifiable intangible assets (e.g., in-place leases and favorable leases) and liabilities (e.g., unfavorable leases and assumed debt) based on an evaluation of available information at the date of the acquisition. Based on these estimates, the purchase consideration is allocated to the acquired assets and assumed liabilities. Transaction costs incurred during the acquisition process are capitalized as a component of the purchase consideration. Upon the closing of a business combination, after identifying all tangible and intangible assets and liabilities, the excess consideration paid over the fair value of the assets and liabilities acquired and assumed, respectively, represents goodwill. In estimating the fair value of the tangible and intangible assets acquired and liabilities assumed, the Company considers information obtained about each property as a result of its due diligence and marketing and leasing activities and uses various valuation methods, such as estimated cash flow projections using appropriate discount and capitalization rates, analysis of recent comparable sales transactions, estimates of replacement costs net of depreciation and other available market information. The fair value of the tangible assets of an acquired property considers the value of the property as if it were vacant. Values for favorable leases acquired and unfavorable leases assumed are estimated based on the present value (using a discount rate reflecting the risks associated with leases acquired) of the difference between: (i) the contractual amounts to be paid pursuant to the leases negotiated and in-place at the time of acquisition and (ii) management’s estimate of fair market lease rates for the property or an equivalent property, measured over a period equal to the remaining term of the lease for favorable leases and the initial term plus the estimated term of any below-market, fixed-rate renewal options for unfavorable leases. The assets recognized and liabilities assumed are amortized to revenue over the related lease term plus fixed-rate renewal options, as appropriate. The purchase price is further allocated to in-place lease values and tenant relationship values based on management's evaluation of the specific characteristics of the acquired lease portfolio and the Company's overall relationship with the anchor tenants. Such amounts are amortized to expense over the remaining initial lease term (and expected renewal periods for tenant relationships). Real estate developments: Real estate developments represent certain costs capitalized and presented in the Land Operations segment that relate to (i) active real estate development projects and other land intended for sale or (ii) potential future real estate development projects intended for lease that would be part of future CRE segment operations. For potential future real estate development projects intended for lease, when management with the relevant authority has approved expenditures for activities clearly associated with the development and construction of a CRE segment project, the capitalized costs associated with such project (e.g., historical cost of land) will be included in Real estate property, net in the accompanying consolidated balance sheets. Certain costs capitalized relating to active real estate development projects intended for sale may include pre-construction costs (e.g., costs related to land acquisition); construction costs (e.g., grading, roads, water and sewage systems, landscaping and project amenities); direct overhead costs (e.g., utilities, maintenance, insurance and real estate taxes); capitalized interest; and salaries and related costs of personnel directly involved. 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. Direct overhead costs incurred after the development project is substantially complete and ready to be marketed are charged to selling, general and administrative expense as incurred. All indirect overhead costs are charged to selling, general and administrative costs as incurred. Cash flows related to active real estate development projects and other land intended for sale are classified as operating activities in the consolidated statements of cash flows. Capitalized Interest: Interest costs on developments and major redevelopments are capitalized as part of real estate development and redevelopment projects that have not yet been placed into service. Capitalization of interest commences when development activities and expenditures begin and end when the asset is substantially complete and ready for its intended use or ready to be marketed. Other property, net: Other property, net represents all other long-lived physical assets other than those presented in Real estate property, net and Real estate developments. The balance primarily consists of corporate long-lived physical assets and Land Operations long-lived physical assets that are used in other Land Operations activities and are not included in Real estate property, net or Real estate developments in the accompanying consolidated balance sheets. Other property, net is stated at cost, net of accumulated depreciation. Expenditures for major renewals and betterments are capitalized. Replacements, maintenance and repairs that do not improve or extend asset lives are expensed as incurred. Depreciation and Amortization: Depreciation and amortization is computed using the straight-line method over the estimated useful lives of the assets. Estimated useful lives of property are as follows: Classification Range of Life (in years) Building and improvements 10 to 40 Leasehold improvements 5 to 10 (lesser of useful life or lease term) Water, power and sewer systems 5 to 50 Machinery and equipment 2 to 35 Other property improvements 3 to 35 Intangible Assets: Real estate intangible assets are included in Real estate intangible assets, net in the accompanying consolidated balance sheets and are generally related to the acquisition of commercial real estate properties. In the event a lease or leases with a tenant have been, or are expected to be, terminated early, the Company evaluates the remaining useful lives of depreciable or amortizable assets of the associated assets related to the lease terminated (i.e., tenant improvements, above and below market lease intangibles, in-place lease value and leasing commissions). Based upon consideration of the facts and circumstances surrounding the termination, the Company may accelerate the depreciation and amortization of such associated assets. Other intangible assets are included in Prepaid expenses and other assets in the accompanying consolidated balance sheets and are generally related to software capitalized for internal use. 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. Restricted Cash: The Company's historical restricted cash balances have been primarily composed of proceeds from §1031 of the Internal Revenue Code of 1986, as amended (the "Code") tax-deferred sales held in escrow pending future use in acquisitions of replacement real estate assets (if within the required time period). As of December 31, 2022 and 2021, there were $0.8 million of available proceeds from Code §1031 tax-deferred sales in the restricted cash balance. Allowance for Credit Losses : The Company estimates its allowance for credit losses for financial assets within the scope of ASC Topic 326, Financial Instruments - Credit Losses ("ASC 326"), at portfolio levels which include the CRE segment and the Land Operations segment. Within these portfolio levels, the Company develops expected credit loss estimates by security type (which may include financing receivables or contract assets recognized in contracts with customers) by factoring historical loss information; information on both current conditions and reasonable and supportable forecasts of future conditions that may not be reflected in historical loss information; and other relevant credit quality information for the respective securities. As part of this process, the Company analyzes relevant information on a collective (pool) basis for securities with similar risk characteristics or separately on an individual basis when a financial asset does not share risk characteristics with other financial assets. The portfolios of financial assets within the scope of ASC 326 relating to the CRE and Land Operations segments include financing receivables (i.e., notes receivable), which are primarily composed of historical development and other land-related transactions. The assets in these portfolios are analyzed on an individual basis, in which the Company considers certain, available information specific to the counterparties to the transactions (e.g., liquidity and solvency of the counterparties) and environmental factors that are relevant in the assessment of the expected collectability of the future cash flows for these assets (e.g., changes and expected changes in the general economic environment in which the counterparty operates). For these assets, the Company uses a discounted cash flow method to calculate the allowance for credit losses using the asset's effective interest rate. 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 of the Company’s customers and their payment history, which are regularly monitored by the Company. Other receivables, net : Other receivables, net are primarily composed of notes receivable recorded at cost less allowances for credit losses on the consolidated balance sheets. Inventories: Inventories related to trucking services within the Land Operations segment are stated at the lower of cost (principally average cost, first-in, first-out basis) or net realizable value. As of December 31, 2022 and 2021, inventories consisted of parts, materials, and supplies and were $0.4 million and $0.5 million, respectively. Goodwill: The Company reviews goodwill for impairment at the reporting unit level annually or between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying amount. The goodwill impairment test estimates the fair value of a reporting unit using an income approach that is based on a discounted cash flow analysis. The discounted cash flow approach relies on a number of assumptions, including future macroeconomic conditions, market factors specific to the reporting unit, the amount and timing of estimated future cash flows to be generated by the business over an extended period of time and a discount rate that considers the risks related to the amount and timing of the cash flows, among others. The Company classified these fair value measurements as Level 3. If the results of the Company's test indicates that a reporting unit's estimated fair value is less than its carrying value, an impairment charge is recognized for the amount by which the carrying amount exceeds the reporting unit's fair value, not to exceed the total amount of goodwill allocated to that reporting unit. The Company's goodwill balance as of December 31, 2022 and 2021, was $8.7 million and is attributable to the CRE reporting unit, which is also a reportable segment. There is no goodwill related to the Land Operations reporting unit, which is also a reportable segment. Assets and Liabilities Held for Sale : Assets and liabilities to be disposed of by sale ("disposal groups") are reclassified into Assets held for sale and Liabilities associated with assets held for sale on our consolidated balance sheets. The reclassification occurs when all the held for sale criteria have been met. Disposal groups are measured at the lower of carrying value or fair value less costs to sell and are not depreciated or amortized. The fair value of a disposal group, less any costs to sell, is assessed each reporting period it remains classified as held for sale and any remeasurement to the lower of carrying value or fair value less costs to sell is reported as an adjustment to the carrying value. Assets and liabilities as of December 31, 2022 and 2021, associated with the Grace Disposal Group were reclassified as held for sale in the consolidated balance sheets for all periods presented. The Grace Disposal Group includes financing leases that are secured by the associated leased heavy equipment and a revolving credit facility maintained by GLP Asphalt, a consolidated joint venture that is part of the Grace Disposal Group. The credit facility is collateralized by GLP Asphalt inventory and accounts receivable, and can only be used to finance GLP Asphalt working capital needs, including, the purchase of liquid asphalt. The Company does not expect the revolving credit facility to represent an obligation of the Company upon completion of a sale. Liabilities related to the cessation of sugar operations are presented within Accrued and other liabilities in the consolidated balance sheets. 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. Redeemable Noncontrolling Interest: The Company has a 70% ownership interest in GLP Asphalt through its ownership of Grace Pacific. The noncontrolling interest in GLP Asphalt may be redeemed for cash at the option of the noncontrolling interest holder at a redemption value, which is derived from a specified formula in the GLP Asphalt operating agreement (i.e., other than fair value). Noncontrolling interests in subsidiaries that are redeemable for cash or other assets outside of the Company’s control at other than fair value are classified as mezzanine equity, outside of equity and liabilities. Such amounts are adjusted at each reporting date to the higher of (1) the amount resulting from the initial carrying amount, increased or decreased for cumulative amounts of the noncontrolling interest holder's share of net income or loss, share of other comprehensive income or loss and dividends and (2) the redemption value on each annual balance sheet date. The resulting changes in the carrying value, increases or decreases, are recorded with corresponding adjustments against earnings surplus or, in the absence of earnings surplus, common stock. Fair Value Measurements: ASC Topic 820, Fair Value Measurements and Disclosures ("ASC 820"), as amended, establishes a fair value hierarchy, which requires the Company 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 Company’s 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. Revenue Recognition and Leases - The Company as a Lessor: Sources of revenue for the Company primarily include commercial property rentals, sales of real estate and real estate development projects. The Company generates revenue from its two distinct segments: Commercial Real Estate: The Commercial Real Estate segment owns, operates, leases, and manages a portfolio of retail, office, and industrial properties in Hawai‘i; it also leases urban land in Hawai‘i to third-party lessees. Commercial Real Estate revenue is recognized under lease accounting guidance with the Company as lessor. Leases - The Company as Lessor : The Company reviews its contracts to determine if they qualify as a lease. A contract is determined to be a lease when the right to substantially all of the economic benefits and to direct the use of an identified asset is transferred to a customer over a defined period of time for consideration. During this review, the Company evaluates among other items, asset specification, substitution rights, purchase options, operating rights and control over the asset during the contract period. The Company has lease agreements with lease and non-lease components, which are generally accounted for separately under ASC Topic 606, Revenue from Contracts with Customers . The Company has elected the practical expedient to not separate non-lease components from lease components for all classes of underlying assets where the component follows the same timing and pattern as the lease component and the lease component is classified as an operating lease. Non-lease components included in rental revenue primarily consist of tenant reimbursements for common area maintenance and other services paid for by the lessor and utilized by the lessee. Under the practical expedient, the Company accounts for the single, combined component under leasing guidance as the lease component is the predominant component in the contract. Rental revenue is primarily derived from operating leases and, therefore, is generally recognized on a straight-line basis over the term of the lease. Fixed contractual payments from the Company's leases are recognized on a straight-line basis over the terms of the respective leases. Straight-line rental revenue commences when the customer assumes control of the leased premises. The accrued straight-line receivable represents the amount by which straight-line rental revenue exceeds rents currently billed in accordance with lease agreements. Certain of the Company's lease agreements include terms for contingent rental revenue (e.g., percentage rents based on tenant sales volume) and tenant reimbursed property taxes, which are both accounted for as variable payments. Certain of the Company's leases include termination and/or extension options. Termination options allow the customer to terminate the lease prior to the end of the lease term under specific circumstances. The Company's extension options generally require a re-negotiation with the customer at market rates. Initial direct costs, primarily commissions, related to the leasing of properties are capitalized on the balance sheet and amortized over the lease term. All other costs to negotiate or arrange a lease are expensed as incurred. Accounts receivable related to leases are regularly evaluated for collectability, considering factors including, but not limited to, the credit quality of the customer, historical trends of the customer, and changes in customer payment terms. Upon determination that the collectability of a customer receivable is not probable, the Company will reverse the receivable and any accrued straight-line receivable and record a corresponding reduction of revenue previously recognized. Subsequent revenue is recorded on a cash basis until collectability on related billings becomes probable. Upon determination that portions of a tenant's receivables are not probable of collection (e.g., due to current conditions impacting specific amounts), the Company will record an allowance for doubtful accounts for the recorded operating lease receivable and record a corresponding adjustment of revenue previously recognized. In April 2020, the FASB staff issued a question-and-answer document focusing on lease concessions related to the effects of the 2019 coronavirus ("COVID-19") and the application of lease accounting guidance related to modifications (the "Lease Modification Q&A"). See Note 12 – Leases - The Company as a Lessor for further discussion on the impact of applicable rent relief provided beginning in the quarter ended June 30, 2020 under the Lease Modification Q&A. As of December 31, 2022, the Company no longer provides COVID-19 lease concessions. Land Operations: Revenues from sales of real estate are recognized at the point in time when control of the underlying goods is transferred to the customer and the payment is due (generally on the closing date). For certain development projects, the Company will use a percentage of completion for revenue recognition. Under this method, the amount of revenue recognized is based on the development costs that have been incurred throughout the reporting period as a percentage of total expected development costs associated with the development project. In evaluating the expected development costs associated with a development project, significant estimates and considerable judgments by management are involved. The Company deems its contract prices reflective of the standalone selling prices of the underlying goods and services since the contracts are required to go through a competitive bidding process. On a consolidated basis, in addition to disclosing amounts recorded as contract assets or contract liabilities in its consolidated balance sheets, the Company discloses information about the amount of contract consideration allocated to either wholly unsatisfied or partially satisfied performance obligations (see Note 11 – Revenue and Contract Balances). Related to this disclosure, the Company has elected to not disclose information about the amount of contract consideration allocated to remaining performance obligations for certain contracts that have original expected durations of one year or less. This may occur with contracts for sales of real estate that are executed as of the end of the period with control of the underlying assets to be transferred to the customer subsequent to the end of the period. The closing date of such transactions will generally occur within one year or less of the contract execution date. Leases - The Company as Lessee: The Company determines if an arrangement is a lease at inception by considering whether that arrangement conveys the right to use an identified asset for a period of time in exchange for consideration. Operating leases are included in Operating lease right-of-use assets ("ROU assets") and Operating lease liabilities ("lease liabilities") in the Company's consolidated balance sheets. ROU assets and lease liabilities related to finance leases are included in Real estate property, net and Notes payable and other debt , respectively, in the Company's consolidated balance sheets. ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company's leases do not provide an implicit rate and are not readily determinable, the Company uses its incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. ROU assets also include any lease payments made at or before the commencement date and excludes any lease incentives received. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Operating lease expense for lease payments is recognized on a straight-line basis over the lease term. In connection with its application of the lease guidance, the Company has evaluated the lease and non-lease components within its leases where it is the lessee and has elected, for all classes of underling assets, the practical expedient to present lease and non-lease components in its lease agreements as one component. The Company has also elected, for all classes of underlying assets, to not recognize lease liabilities and lease assets for leases with a term of 12 months or less. Impairment of Long-Lived Assets Held and Used and Finite-Lived Intangible Assets: Long-lived assets held and used, 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. In evaluating the fair value of long-lived asset groups, significant estimates and considerable judgments are involved. These long-lived asset impairment analyses are highly subjective because they require management to make assumptions and apply considerable judgments to, among other things, estimates of the timing and amount of future cash flows, the cash flow projection period, 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, appropriate discount rates based on the perceived risks, and thus, the accounting estimates may change from period to period. Refer to Note 7 – Fair Value Measurements for further discussion. Impairment of Investments in Affiliates: The Company's investments in affiliates that are accounted for under the equity method 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. Refer to Note 7 – Fair Value Measurements for further discussion. 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 14 – Share-based Payment Awards. 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 rate trends. 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 15 – 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. Interest and other income (expense), net for the years ended December 31, 2022, 2021 and 2020, included the following (in millions): 2022 2021 2020 Pension and post-retirement benefit (expense) $ (0.6) $ (3.0) $ (2.6) Interest income 0.3 1.0 1.6 Other income (expense), net 0.7 0.3 0.9 Interest and other income (expense), net $ 0.4 $ (1.7) $ (0.1) 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 accompanying consolidated statements of operations. Refer to Note 16 – Income Taxes for further discussion. Discontinued Operations: The Company reports disposal groups as discontinued operations in the consolidated statements of operations when the criteria are met. The Company’s loss from discontinued operations for the years ended December 31, 2022, 2021 and 2020, included revenues and expenses associated with the Grace Disposal Group in addition to expenses associated with the resolution of liabilities from the Company’s former sugar operations. The results of operations are presented as discontinued operations in the consolidated statements of operations. Earnings Per Share (“EPS”): Basic and diluted earnings per share are computed and disclosed in accordance with ASC 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

Real Estate Property, Net and O

Real Estate Property, Net and Other Property, Net	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Real Estate Property, Net and Other Property, Net	Real Estate Property, Net and Other Property, Net Real estate property, net as of December 31, 2022 and 2021, includes the following (in millions): 2022 2021 Land $ 780.0 $ 784.9 Buildings 719.6 709.4 Other property improvements 99.3 93.9 Subtotal 1,598.9 1,588.2 Accumulated depreciation (202.3) (180.5) Real estate property, net $ 1,396.6 $ 1,407.7 Other property, net, as of December 31, 2022 and 2021, was as follows (in millions): 2022 2021 Land $ 0.2 $ 0.3 Buildings 6.4 6.3 Machinery and equipment 4.4 8.3 Water, power and sewer systems 0.5 21.0 Other property improvements — 1.5 Subtotal 11.5 37.4 Accumulated depreciation (9.0) (19.5) Other property, net $ 2.5 $ 17.9 As noted in Note 2 – Significant Accounting Policies, the Company may capitalize a portion of interest costs incurred to long-lived assets for developments, major redevelopments and other projects that meet certain criteria. Total interest costs incurred were $22.5 million, $26.5 million, and $30.5 million in 2022, 2021 and 2020, respectively. Capitalized interest costs related to development activities were $0.5 million, $0.3 million, and $0.3 million in 2022, 2021 and 2020, respectively. Depreciation expense for the years ended December 31, 2022, 2021 and 2020, was $29.4 million, $29.2 million and $29.9 million, respectively.

Acquisitions and Intangible Ass

Acquisitions and Intangible Assets, Net	12 Months Ended
	Dec. 31, 2022
Real Estate [Abstract]
Acquisitions and Intangible Assets, Net	Acquisitions and Intangible Assets, Net Acquisitions in 2022 The Company did not execute any commercial real estate asset acquisitions during the year ended December 31, 2022. Acquisitions in 2021 During the year ended December 31, 2021, the Company acquired two commercial real estate assets for $10.8 million that were accounted for as asset acquisitions. Such acquisitions were structured primarily with funds acquired from involuntary conversions in accordance with Code §1033 from the sale of land on Maui in 2018. The allocation of purchase price to the aggregate assets acquired in connection with the two commercial real estate acquisitions in 2021 was as follows (in millions): Fair value of assets acquired Assets acquired: Land $ 8.8 Property and improvements 2.0 Total assets acquired $ 10.8 As of the acquisition date, there were no in-place, favorable, or unfavorable leases for the acquired properties. Intangible assets, net Real estate intangible assets, net and other intangible assets included in Prepaid expenses and other assets as of December 31, 2022 and 2021 were as follows (in millions): 2022 2021 In-place leases $ 75.0 $ 124.8 Favorable leases 15.2 29.0 Accumulated amortization of in-place leases (38.8) (81.9) Accumulated amortization of favorable leases (7.8) (20.3) Real estate intangible assets, net $ 43.6 $ 51.6 Other intangible assets $ 0.6 $ 3.2 Accumulated amortization of other intangible assets (0.6) (3.2) Other intangible assets, net $ — $ — Total intangible asset amortization expense was $8.1 million, $10.7 million, and $13.3 million for the years ended December 31, 2022, 2021 and 2020, respectively. Estimated amortization expenses related to intangible assets over the next five years are as follows (in millions): Estimated 2023 $ 7.1 2024 5.8 2025 5.4 2026 3.8 2027 3.6

Investments in Affiliates

Investments in Affiliates	12 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Investments in Affiliates	Investments in Affiliates The Company's investments in affiliates consist principally of equity investments in limited liability companies that operate or develop real estate and joint ventures that engage in materials-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 investments and, accordingly, accounts for its investments using the equity method of accounting. Operating results presented in the Company's consolidated statements of operations include the Company's proportionate share of net income (loss) from its equity method investments. In November 2021, the Company's joint venture projects Kukui`ula Development Company (Hawaii) LLC ("KDCH"), Kukui`ula Web IP LLC, and Lodge IP LLC (collectively, "Kukui`ula") completed the sale of substantially all of their assets to a third party for $183.5 million ("Kukui`ula Transaction"), which resulted in the Company receiving cash distributions of $113.4 million. Subsequent to the Kukui`ula Transaction, the Company and its joint venture partner retained their respective ownership interest in KDCH. The Company’s carrying value of investments in affiliates totaled $36.9 million and $35.7 million as of December 31, 2022 and 2021, respectively. The amounts of the Company’s investment as of December 31, 2022 and 2021 that represent undistributed earnings of investments in affiliates was approximately $5.6 million and $2.9 million, respectively. Dividends and distributions from unconsolidated affiliates totaled $0.8 million in 2022, $148.6 million in 2021, and $6.1 million in 2020. During the three years ended December 31, 2022, 2021 and 2020, Income (loss) related to joint ventures was $1.6 million, $17.9 million and $6.8 million, respectively, and return on investment operating cash distributions was $0.7 million, $8.9 million and $1.2 million, respectively. A summary of combined assets and liabilities reported by such entities accounted for by the equity method as of December 31, 2022 and 2021, were as follows (in millions): 2022 2021 Current assets $ 56.5 $ 65.2 Non-current assets 240.0 203.5 Total assets $ 296.5 $ 268.7 Current liabilities $ 26.3 $ 25 Non-current liabilities 121.1 88.3 Total liabilities $ 147.4 $ 113.3 A summary of combined operating results reported by such entities accounted for by the equity method for each of the years ended December 31, 2022, 2021 and 2020, were as follows (in millions): 2022 2021 2020 Revenues $ 130.0 $ 231.1 $ 164.2 Operating costs and expenses 118.4 204.1 137.0 Gross Profit (Loss) $ 11.6 $ 27.0 $ 27.2 Income (Loss) from Continuing Operations 1 $ 1.6 $ (287.9) $ 15.3 Net Income (Loss) 1 $ 1.3 $ (288.1) $ 14.9 1 Includes earnings from equity method investments held by the investee. Investments in affiliates net income (loss) for the year ended December 31, 2021, was primarily related to the net loss incurred by the joint venture as a result of the aforementioned Kukui`ula transaction in which the carrying value of the net assets sold exceeded the net sales proceeds. In connection with the Kukui`ula transaction, the Company recognized income related to joint ventures of $5.5 million during the fourth quarter of 2021, reflecting a basis difference that was derived from an other-than-temporary impairment charge of $186.8 million recorded by the Company in the fourth quarter of 2018.

Allowance and Other Reserves

Allowance and Other Reserves	12 Months Ended
	Dec. 31, 2022
Credit Loss [Abstract]
Allowance and Other Reserves	Allowances and Other ReservesThe Company reduces recorded amounts for accounts receivable and other financial assets by various allowances and reserve accounts. Effective January 1, 2020, the Company adopted ASC 326 and certain amounts previously recorded in the allowance for doubtful accounts or in other allowances for financing receivables were reclassified to an allowance for credit losses. The following table presents the balances and activity (including reclassifications) in the various allowance and reserve accounts related to the Company's accounts receivable and financial assets for the three years ended December 31, 2022, 2021 and 2020, (in millions): Balance at beginning of year Impact of adoption of ASC 326 1 Impact of adoption of ASC 326 2 Additions/(Reductions) 3 Deductions or other 4 Balance at end of year Year ended December 31, 2022 Deducted from assets Reserve for cash basis tenants $ 11.1 $ — $ — $ (1.2) $ (3.0) $ 6.9 Allowance for doubtful accounts $ 0.8 — — 0.2 1.4 $ 2.4 Allowance for credit losses - financing receivables $ 2.5 — — 0.2 — $ 2.7 Year ended December 31, 2021 Deducted from assets Reserve for cash basis tenants $ 12.7 $ — $ — $ (1.3) $ (0.3) $ 11.1 Allowance for doubtful accounts $ 2.6 — — (1.7) (0.1) $ 0.8 Allowance for credit losses - financing receivables $ 3.9 — — (1.4) — $ 2.5 Year ended December 31, 2020 Deducted from assets Reserve for cash basis tenants $ 0.9 — — 10.6 1.2 $ 12.7 Allowance for doubtful accounts $ 0.6 (0.3) — 3.6 (1.3) $ 2.6 Allowance for credit losses - financing receivables $ — 1.6 2.7 (0.4) — $ 3.9 Loans allowance $ 1.6 (1.6) — — — $ — Other reserves $ 0.4 — — — (0.4) $ — 1 Reclassifications from other reserves or allowances that fall into the scope of ASC 326. 2 Impact of adoption of ASC 326 recorded against total equity. 3 Net provisions charged against income. 4 Write-offs or other activity (e.g., reclassifications for movement of allowances to cash basis reserves). Refer to Note 12 – Leases - The Company as a Lessor for discussion on current period charges related to the Company's assessment of collectability on amounts due under leases. Note that under ASC 842, such charges and reserve activity reflect a reversal of the revenue and receivable balance originally recorded. The allowance for credit losses for financing receivables at December 31, 2022, related to two assets that originated as part of transactions in the Land Operations segment. The credit quality of the Company's financing receivables is monitored each reporting period on an individual asset basis using specific information on the counterparties in these transactions. The first originated in 2008 and had an amortized cost basis of $1.6 million as of December 31, 2022 and 2021. Based on individual credit quality indicators of the counterparty as of December 31, 2022 and 2021, the most likely outcome of expected cash flows for the asset in a range of possible outcomes (i.e., the single best estimate) was zero and, as a result, the Company recorded a full allowance for credit losses for the financing receivable as of December 31, 2022 and 2021. The second financing receivable within Land Operations was generated in 2017 and had an amortized cost basis of $2.5 million and $2.8 million as of December 31, 2022 and 2021, respectively. This financing receivable was evaluated based on the credit quality indicators of the counterparty (as well as reasonable and supportable forecasts of future conditions that are relevant to determining the expected collectability of the receivable) as of December 31, 2022 and 2021, and the estimated allowance for credit losses was calculated using a discounted cash flow approach. For allowance for credit losses estimated using the discounted cash flow approach, changes in present value attributable to the passage of time are reported as an adjustment to credit loss expense. As a result, the provision for expected credit losses in any given period may be impacted by changes in expected credit losses on future payments or current period collections for receivables on which allowances were recorded in previous periods, both of which may be further impacted or offset by changes in present value attributable to the passage of time.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Recurring Fair Value Measurements The Company records its interest rate swaps at fair value. The fair values of the Company's interest rate swaps are classified as Level 2 measurements in the fair value hierarchy and are based on the estimated amounts that the Company would receive or pay to terminate the contracts at the reporting date and are determined using interest rate pricing models and interest rate related observable inputs (refer to Note 9 – Derivative Instruments for fair value information regarding the Company's derivative instruments). The following tables present the fair value of those assets and (liabilities) measured on a recurring basis as of December 31, 2022 and 2021, (in millions): Fair Value Measurements at December 31, 2022 Consolidated Balance Sheet Location Total Quoted Prices in Active Markets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Derivative financial instruments - interest rate swaps Prepaid expenses and other assets $ 5.5 $ — $ 5.5 $ — Liabilities Derivative financial instruments - interest rate swaps Accrued and other liabilities $ (2.8) $ — $ (2.8) $ — Fair Value Measurements at December 31, 2021 Consolidated Balance Sheet Location Total Quoted Prices in Active Markets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Liabilities Derivative financial instruments - interest rate swaps Accrued and other liabilities $ (2.2) $ — $ (2.2) $ — Non-Recurring Fair Value Certain financial and nonfinancial assets and liabilities are measured at fair value on a nonrecurring basis and are subject to fair value adjustments in certain circumstances, such as when there is evidence of impairment. The Company’s process for identifying and recording impairment is discussed in Note 2 – Significant Accounting Policies. Impairment of Long-lived Assets Held and Used and Finite-Lived Intangible Assets: During the year ended December 31, 2022, the Company recognized an impairment charge of $5.0 million related to parcels of conservation and agriculture zoned land on Oahu. During the year ended December 31, 2021, the Company recorded impairment charges of $26.1 million related to Grace Pacific's paving and roadway solutions operations, which included $1.8 million related to goodwill impairment of one reporting unit, GPRS (primarily consisting of Grace Pacific’s roadway and maintenance solutions operations). The Company classifies these fair value measurements as Level 3 in the fair value hierarchy because they involve significant unobservable inputs such as cash flow projections, discount rates, and management assumptions. Impairment of Assets Held for Sale: As a result of Grace Pacific and the Maui Quarries classification as held for sale as of December 31, 2022, the Company measured the disposal group at its fair value less costs to sell and accordingly recorded impairment of $89.8 million for the three and twelve months ended December 31, 2022. The Company classifies these fair value measurements as Level 3 in the fair value hierarchy because they involve significant unobservable inputs such as cash flow projections, discount rates, and management assumptions. Impairment of Investments in Unconsolidated Affiliate: 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. Significant estimates that are highly subjective and with considerable judgment are involved, including the Company's current and future evaluation of general economic and market conditions, estimates regarding the timing and amount of future cash flows, including revenue, and cost of sales, and appropriate discount rates based on the perceived risks, among others. Changes in these and other assumptions could affect the fair value of the unconsolidated affiliate. The Company classifies these fair value measurements as Level 3. During the year ended December 31, 2022, the Company did not recognize any impairments of its investments in affiliates. During the year ended December 31, 2021, the Company determined that its investment in Maui Paving was other-than-temporarily impaired due to lower paving volumes and persisting, competitive market pressures that negatively affect sales and margins. As a result, the Company estimated the fair value of its investment in Maui Paving using a discounted cash flow model and recorded a non-cash, other-than-temporary impairment of $2.9 million. The following tables present quantitative information about the significant unobservable inputs used to determine the fair value of the impairment of long-lived assets held and used and assets held for sale, net for the years ended December 31, 2022 and 2021, (in millions): Quantitative Information about Level 3 Fair Value Measurements Effective Date Fair Value Impairment Loss Valuation Technique/ Unobservable Inputs Weighted Average Discount Rate 2022 Assets held for sale, net 1,2 December 31, 2022 $ 50.0 $ 89.8 Indicative bids N/A Long-lived assets 3 December 31, 2022 — 5.0 Discounted cash flows 16% Market comparables N/A Total $ 50.0 $ 94.8 2021 Long-lived assets 1 December 31, 2021 $ 27.3 $ 24.3 Discounted cash flows 13% Goodwill 1 December 31, 2021 — 1.8 N/A N/A Investment in unconsolidated affiliate 1 December 31, 2021 2.1 2.9 Discounted cash flows 13% Total $ 29.4 $ 29.0 1 Assets or liabilities are presented in Assets held for sale or Liabilities associated with assets held for sale , respectively, in the Consolidated Balance Sheets. Impairment loss is presented in Income (loss) from discontinued operations, net of income taxes in the Consolidated Statements of Operations. 2 Assets held for sale of $126.8 million, net of liabilities associated with assets held for sale of $81.0 million, and excluding estimated selling costs of $4.2 million. 3 Included in Real estate property in the Consolidated Balance Sheets. Impairment loss is presented in Cost of Land Operations in the Consolidated Statements of Operations. Financial Assets and Liabilities not Measured at Fair Value Financial assets and liabilities that are not measured at fair value on our consolidated balance sheets include cash and cash equivalents, restricted cash, accounts and notes receivable, net and notes payable and other debt. The fair value of the Company's cash and cash equivalents, restricted cash, accounts receivable, net and short-term borrowings approximate their carrying values due to the short-term nature of the instruments, which is classified as Level 1 measurement in the fair value hierarchy. The fair value of the Company's notes receivable approximated the carrying amount of $1.9 million and $8.4 million as of December 31, 2022 and 2021. The fair value of these notes is estimated using a discounted cash flow analysis in which the Company uses unobservable inputs such as market interest rates determined by the loan-to-value and market capitalization rates related to the underlying collateral at which management believes similar loans would be made, and is classified as a Level 3 measurement in the fair value hierarchy. At December 31, 2022, the carrying amount of the Company's notes payable and other debt was $472.2 million and the corresponding fair value was $449.2 million. At December 31, 2021, the carrying amount of the Company's notes payable and other debt was $530.8 million and the corresponding fair value was $554.7 million. 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, and is classified as a Level 3 measurement in the fair value hierarchy.

Notes Payable and Other Debt

Notes Payable and Other Debt	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Notes Payable and Other Debt	Notes Payable and Other Debt As of December 31, 2022 and 2021, Notes payable and other debt consisted of the following (in millions): Principal Outstanding Debt Interest Rate (%) Maturity Date December 31, 2022 December 31, 2021 Secured: Laulani Village 3.93% 2024 $ 59.0 $ 60.2 Pearl Highlands 4.15% 2024 77.3 79.4 Photovoltaic Financing (1) 2027 2.6 — Manoa Marketplace (2) 2029 54.5 56.3 Subtotal $ 193.4 $ 195.9 Unsecured: Series A Note 5.53% 2024 14.2 21.3 Series J Note 4.66% 2025 10.0 10.0 Series B Note 5.55% 2026 36.0 45.0 Series C Note 5.56% 2026 11.0 13.0 Series F Note 4.35% 2026 15.2 15.2 Series H Note 4.04% 2026 50.0 50.0 Series K Note 4.81% 2027 34.5 34.5 Series G Note 3.88% 2027 28.1 28.1 Series L Note 4.89% 2028 18.0 18.0 Series I Note 4.16% 2028 25.0 25.0 Term Loan 5 4.30% 2029 25.0 25.0 Subtotal $ 267.0 $ 285.1 Revolving Credit Facilities: A&B Revolver (3) 2025 12.0 50.0 Subtotal $ 12.0 $ 50.0 Total debt (contractual) $ 472.4 $ 531.0 Unamortized debt issuance costs (0.2) (0.2) Total debt (carrying value) $ 472.2 $ 530.8 (1) Financing lease has a discount rate of 4.14%. (2) Loan has a stated interest rate of LIBOR plus 1.35%, but is swapped through maturity to a 3.14% fixed rate. (3) Loan has a stated interest rate of LIBOR plus 1.05% based on pricing grid. $50.0 million was swapped through June 2022 to a 2.40% fixed rate. The Company's notes payable and other debt is categorized between debt instruments secured by real estate improved properties or other assets ("Secured Debt"), unsecured notes payable and other term loans ("Unsecured Debt") and borrowings under revolving credit facilities ("Revolving Credit Facilities") which includes the existing revolving credit facility used for general Company purposes ("A&B Revolver"). On March 5, 2021, the Financial Conduct Authority announced a timeline for the phase-out of the London Interbank Offered Rate ("LIBOR"). The Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency subsequently issued a joint statement saying that banks should stop entering into new contracts with LIBOR as soon as possible but at least by December 31, 2021. As of January 1, 2022, LIBOR can only be used for legacy LIBOR obligations entered into prior to December 31, 2021. In addition, the publication of US dollar LIBOR is expected to cease after June 30, 2023. The Secured Overnight Financing Rate ("SOFR") and Bloomberg Short Term Bank Yield Index ("BSBY") have been identified as replacements to LIBOR, with the former being recommended by the Federal Reserve-formed Alternative Reference Rates Committee. Secured Debt Laulani Village: In connection with asset acquisitions of commercial real estate improved properties made in the year ended December 31, 2018, the Company assumed a $62.0 million mortgage secured by Laulani Village that matures on May 1, 2024, and bears interest at 3.93%. The note required monthly interest only payments of approximately $0.2 million until May 2020. Thereafter, the note requires monthly principal and interest payments of approximately $0.3 million and a final principal payment of approximately $57.5 million due on May 1, 2024. Pearl Highlands: On September 17, 2013, the Company consummated the acquisition of Pearl Highlands Center in Pearl City, Oahu. In connection with the acquisition, the Company assumed a $59.3 million mortgage loan secured by Pearl Highlands Center. On December 1, 2014, the loan was refinanced to increase the amount of the loan to $92.0 million (bearing interest at 4.15%). The refinanced loan requires monthly principal and interest payments of approximately $0.4 million and a final principal payment of approximately $73.0 million due on December 8, 2024. Manoa Marketplace: In 2016, the Company, through wholly-owned subsidiaries, entered into a $60.0 million mortgage loan agreement secured by Manoa Marketplace with First Hawaiian Bank ("FHB"). The loan bears interest at LIBOR plus 1.35% and requires principal and interest payments over the term with a final principal payment of $41.7 million due on August 1, 2029. The Company had previously entered into an interest rate swap with a notional amount equal to the principal amount on the debt to fix the variable interest rate on the related periodic interest payments at an effective rate of 3.14% (refer to Note 9 – Derivative Instruments). Assets Pledged as Collateral: The gross book value of the commercial real estate assets pledged as collateral described above at December 31, 2022, was $360.1 million. Unsecured Debt Prudential Series Notes: In December 2015, the Company entered into an agreement (the "Prudential Agreement") with Prudential Investment Management, Inc. and its affiliates (collectively, "Prudential") for an unsecured note purchase and private shelf facility that enabled the Company to issue notes in an aggregate amount up to $450.0 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 (which amended and renewed a then-existing agreement) had an issuance period that ended in December 2018 and contained certain restrictive covenants for the notes issued under the Prudential Agreement that were substantially the same as the covenants contained in the Historical Revolving Credit Facility (defined below). Borrowings under the uncommitted shelf facility bear interest at rates that were determined at the time of borrowing. Bank Syndicated Loan: In February 2018, the Company entered into an agreement with Wells Fargo Bank, National Association ("Wells Fargo") and a syndicate of other financial institutions that provided for a $50.0 million term loan facility ("Wells Fargo Term Facility" or "Bank Syndicated Loan"). The Company also drew $50.0 million under the Wells Fargo Term Facility in February 2018 and used such term loan proceeds to repay amounts that were borrowed under revolving credit facilities described below. Borrowings under the Wells Fargo Term Facility bore interest at a variable base rate (LIBOR), as defined, plus a margin determined using a leverage based pricing grid. In February 2020 the Company entered into an interest rate swap agreement with a notional amount equal to the principal amount of the debt to fix the variable interest rate (LIBOR) on the related periodic interest payments resulting in an effective rate (subject to changes in the margin based on a pricing grid) of 3.15% as of December 31, 2021 (refer to Note 9 – Derivative Instruments). On August 31, 2021, concurrent with the closing of the 2021 A&B Revolver (discussed in Revolving credit facilities section below), the Company drew $50.0 million on the A&B Revolver and repaid the Bank Syndicated Loan in full, plus accrued interest, and satisfied all obligations thereto. In order to preserve an effective hedging relationship, the Company maintained a $50.0 million draw on the A&B Revolver until June 30, 2022, when the interest rate swap agreement was terminated. Term Loan 5: In November 2017, the Company entered into a rate lock commitment to draw $25.0 million under its Note Purchase and Private Shelf Agreement with AIG Asset Management (U.S.), LLC. Under the commitment, the Company drew $25.0 million in December 2017. The note bears interest at 4.30% and matures on December 20, 2029. Interest only is paid semi-annually and the principal balance is due at maturity. On August 31, 2021, the Company entered into an agreement with AIG Asset Management to amend certain covenants related to the AIG Private Shelf Facility. All other terms of this agreement remain substantially unchanged. Revolving credit facility A&B Revolver: In August 2021, the Company entered into a Third Amended and Restated Credit Agreement ("2021 A&B Revolver") with Bank of America N.A., as administrative agent, First Hawaiian Bank, KeyBank National Association, Wells Fargo Bank, National Association, and other lenders party thereto, which amended and restated the Company's existing $450.0 million committed under the Second Amended and Restated Credit Agreement ("2017 A&B Revolver") with Bank of America N.A., as administrative agent, First Hawaiian Bank, and other lenders party thereto. The 2021 A&B Revolver increased the total revolving commitments to $500.0 million, extended the term of the facility from September 15, 2022, to August 29, 2025, and includes two six-month extension options. In addition, the 2021 A&B Revolver amended certain covenants (see below) and reduced the interest rates and fees charged under the financials-based pricing grid of the 2017 A&B Revolver. At December 31, 2022, the Company had $12.0 million of revolving credit borrowings outstanding, $1.1 million in letters of credit had been issued against the facility, and $486.9 million remained available. Covenants under 2021 A&B Revolver, Prudential Series Notes, and Term Loan 5 (subsequent to amendments) The principal amendments under the 2021 A&B Revolver, the Prudential Amendment, and the AIG Amendment are as follows: • An increase in the maximum ratio of secured debt to total adjusted asset value from 0.25:1.00 to 0.40:1.00. • Establishes the minimum shareholders' equity amount to be $865.6 million plus 75% percent of the net proceeds received from equity issuances after June 30, 2021. • Modification of the minimum unencumbered fixed charge coverage ratio to an unencumbered interest coverage ratio and increases the ratio from 1.50:1.00 to 1.75:1.00. Debt principal payments At December 31, 2022, debt principal payments and maturities during the next five years and thereafter and the corresponding amount of unamortized deferred financing costs or debt discounts or premiums were as follows (in millions): Scheduled Principal Payments 2023 2024 2025 2026 2027 Thereafter Total Principal (Unamort Total Secured debt $ 5.4 $ 134.9 $ 2.1 $ 2.2 $ 3.8 $ 45.0 $ 193.4 $ — $ 193.4 Unsecured debt 29.6 27.0 38.3 67.0 37.1 68.0 267.0 (0.2) 266.8 Revolving credit facilities — — 12.0 — — — 12.0 — 12.0 Total Notes payable and other debt $ 35.0 $ 161.9 $ 52.4 $ 69.2 $ 40.9 $ 113.0 $ 472.4 $ (0.2) $ 472.2

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments The Company is exposed to interest rate risk related to its variable-rate debt. The Company balances its cost of debt and exposure to interest rates primarily through its mix of fixed-rate and variable-rate debt. From time to time, the Company may use interest rate swaps to manage its exposure to interest rate risk. Cash flow hedges of interest rate risk In October 2022, the Company entered into two forward starting interest rate swap agreements with notional amounts of $57.0 million and $73.0 million in order to hedge interest rate fluctuations related to $130 million of financing. The Company accounted for the agreements as cash flow hedges. As of December 31, 2022, the Company had three interest rate swap agreements designated as cash flow hedges, two of which were forward interest rate swap agreements. As of December 31, 2021, there were two interest rate swap agreements designated as cash flow hedges, neither of which were forward interest rate swap agreements. The key terms of the agreements are as follows (dollars in millions): Effective Maturity Fixed Interest Notional Amount at Asset (Liability) Fair Value at Date Date Rate December 31, 2022 December 31, 2022 December 31, 2021 Interest Rate Swap Agreements 4/7/2016 8/1/2029 3.14% $ 54.5 $ 5.5 $ (1.7) 2/13/2020 2/27/2023 (1) $ — $ — $ (0.5) Forward Interest Rate Swap Agreements 5/1/2024 12/9/2031 4.88% $ 57.0 $ (1.3) $ — 12/9/2024 12/9/2031 4.83% $ 73.0 $ (1.5) $ — (1) $50.0 million in notional interest rate swap was terminated on June 30, 2022, resulting in a realized gain of $0.5 million included within Interest and other income (expense), net . The asset related to the interest rate swap as of December 31, 2022, is presented within Prepaid expenses and other assets in the consolidated balance sheet. The liabilities related to the interest rate swaps as of December 31, 2021 and forward interest rate swaps as of December 31, 2022, are presented within Accrued and other liabilities . The changes in fair value of the cash flow hedges are recorded in accumulated other comprehensive income (loss) and subsequently reclassified into interest expense as interest is incurred on the related variable-rate debt. The following table represents the pre-tax effect of the derivative instruments in the Company's consolidated statement of comprehensive income (loss) during the years ended December 31, 2022 and 2021, (in millions): 2022 2021 Derivatives in Designated Cash Flow Hedging Relationships: Amount of gain (loss) recognized in OCI on derivatives $ 4.9 $ 2.3 Impact of reclassification adjustment to interest expense included in Net Income (Loss) $ 0.5 $ 1.6 Realized interest rate hedging gain (loss) $ (0.5) $ — As of December 31, 2022, the Company expects to reclassify $1.1 million of net gains (losses) on derivative instruments from accumulated other comprehensive income to earnings during the next 12 months.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments and other financial arrangements The Company has various financial commitments and other arrangements including standby letters of credit and bonds that are not recorded as liabilities on the Company's consolidated balance sheets as of December 31, 2022: • Standby letters of credit issued by the Company's lenders under the Company's revolving credit facility totaled $1.1 million as of December 31, 2022. These letters of credit primarily relate to the Company's workers' compensation plans and if drawn upon, the Company would be obligated to reimburse the issuer. • Bonds related to the Company's real estate activities totaled $18.6 million as of December 31, 2022, and represent commercial bonds issued by third party sureties (permit, subdivision, license and notary bonds). If drawn upon, the Company would be obligated to reimburse the surety that issued the bond for the amount of the bond, reduced for the work completed to date. • Bonds related to Grace Pacific totaled $300.0 million as of December 31, 2022, and represent the face value of construction bonds issued by third party sureties (bid, performance and payment bonds). If drawn upon, the Company would be obligated to reimburse the surety that issued the bond for the amount of the bond, reduced for the work completed to date. As of December 31, 2022, the Company's maximum remaining exposure, in the event of defaults on all existing contractual construction obligations, was approximately $116.3 million. The Company also provides certain bond indemnities and guarantees of indebtedness for certain of its unconsolidated affiliates that it accounts for as equity method investments (e.g., real estate joint ventures). • Bond indemnities are provided for the benefit of the surety in exchange for the issuance of surety bonds and cover joint venture construction activities (such as project amenities, roads, utilities, and other infrastructure). Under such bond indemnities, the Company and the 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 Company may be obligated to complete construction of the joint ventures' construction projects if the joint venture does not perform. 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. • Guarantees of indebtedness may be provided by the Company for the benefit of financial institutions providing credit to unconsolidated equity method investees. As of December 31, 2022, the Company had no such arrangements with third party lenders related to its unconsolidated equity method investees and no amounts outstanding as of December 31, 2022. The recorded amounts of the bond indemnities and guarantee of indebtedness were not material individually or in the aggregate. Other than those described above, 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 Prior to the sale of approximately 41,000 acres of agricultural land on Maui to Mahi Pono Holdings, LLC ("Mahi Pono") in December 2018, the Company, through East Maui Irrigation Company, LLC ("EMI"), also owned approximately 16,000 acres of watershed lands in East Maui and held four water licenses to approximately 30,000 acres owned by the State of Hawai‘i in East Maui. The sale to Mahi Pono included the sale of a 50% interest in EMI (which closed February 1, 2019), and provided for the Company and Mahi Pono, through EMI, to jointly continue the existing process to secure a long-term lease from the State for delivery of irrigation water to Mahi Pono for use in Central Maui. 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 completion by the BLNR of a contested case hearing it ordered to be held on the request for the long-term lease, the BLNR has kept the existing permits on a holdover basis. Three parties (Healoha Carmichael; Lezley Jacintho; and Na Moku Aupuni O Ko‘olau Hui) filed a lawsuit on April 10, 2015, (the "Initial Lawsuit") alleging that the BLNR has been renewing the revocable permits annually rather than keeping them in holdover status. The lawsuit challenged the BLNR’s decision to continue the revocable permits for calendar year 2015 and asked 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 reaffirm its prior decisions to keep the permits in holdover status. This decision by the BLNR was challenged by the three parties. In January 2016, the court ruled in the Initial Lawsuit 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 "Initial Ruling"). The Initial Ruling was appealed to the Intermediate Court of Appeals ("ICA") of the State of Hawai‘i. In May 2016, while the appeal of the Initial Ruling was pending, the Hawai‘i State Legislature passed House Bill 2501, which specified that the BLNR has the legal authority to issue holdover revocable permits for the disposition of water rights for a period not to exceed three years. The governor signed this bill into law as Act 126 in June 2016. Pursuant to Act 126, the annual authorization of the existing holdover permits was sought and granted by the BLNR in December 2016, November 2017 and November 2018 for calendar years 2017, 2018 and 2019. No extension of Act 126 was approved by the Hawai‘i State Legislature in 2019. In June 2019, the ICA vacated the Initial Ruling, effectively reversing the determination that the BLNR lacked authority to keep the revocable permits in holdover status beyond one year (the "ICA Ruling"). The ICA remanded the case back to the trial court to determine whether the holdover status of the permits was both (a) "temporary" and (b) in the best interest of the State, as required by statute. The plaintiffs filed a motion with the ICA for reconsideration of its decision, which was denied on July 5, 2019. On September 30, 2019, the plaintiffs filed a request with the Supreme Court of Hawai‘i to review and reverse the ICA Ruling. On November 25, 2019, the Supreme Court of Hawai‘i granted the plaintiffs' request to review the ICA Ruling and, on May 5, 2020, oral argument was held. On October 11, 2019, the BLNR took up the renewal of all the existing water revocable permits in the state, acting under the ICA Ruling, and approved the continuation of the four East Maui water revocable permits for another one-year period through December 31, 2020. On November 13, 2020, the BLNR approved another renewal of such permits through December 31, 2021. On March 2, 2022, the Supreme Court of Hawai’i vacated the ICA’s ruling relating to the BLNR's decision to continue the revocable permits for the calendar year 2015, holding that Hawaii Revised Statutes Chapter 343 (the Hawaii Environmental Policy Act) did apply to the permits. The court remanded the matter back to the Circuit Court to determine if any exceptions would apply and, if not, how HRS Chapter 343 should be applied in light of the steps taken by A&B/EMI toward the long-term water lease. The Supreme Court of Hawai’i also determined that the BLNR had the statutory authority to continue the permits for more than one year, but required BLNR to make findings of fact and conclusions of law determining that the action would serve the best interests of the State. A&B/EMI will continue to defend against the plaintiffs’ claims on remand. In a separate matter, on December 7, 2018, a contested case request filed by the Sierra Club (contesting the BLNR's November 2018 approval of the 2019 revocable permits) was denied by the BLNR. On January 7, 2019, the Sierra Club filed a lawsuit in the circuit court of the first circuit in Hawai‘i against BLNR, A&B and EMI, seeking to invalidate the 2019 and 2020 holdovers of the revocable permits for, among other things, failure to perform an EA. The lawsuit also sought to enjoin A&B/EMI from diverting more than 25 million gallons a day until a permit or lease is properly issued by the BLNR, and for the imposition of certain conditions on the revocable permits by the BLNR. The count seeking to invalidate the revocable permits based on the failure to perform an EA was dismissed by the court, based on the ICA Ruling in the Initial Lawsuit. The Sierra Club’s lawsuit was amended to include a challenge to the BLNR’s renewal of the revocable permits for calendar year 2020. After a full trial on the merits held beginning in August of 2020, the court ruled, on April 6, 2021, against the Sierra Club on its lawsuit challenging the 2019 and 2020 revocable permits. On February 17, 2022, the Sierra Club filed its notice of appeal challenging the decision on the August 2020 trial. The court separately considered a lawsuit filed by the Sierra Club appealing the BLNR’s decision to deny it a contested case hearing on the 2021 revocable permits, which were granted by the BLNR on or about November 13, 2020. In that case, on May 28, 2021, the court issued an interim decision that the Sierra Club’s due process rights were violated, ordered the BLNR to hold a contested case hearing on the 2021 permits, and that the permits would be vacated. On July 30, 2021, the court modified its ruling to say that the permits would not be invalidated, but left in place pending the outcome of the contested case hearing. The contested case hearing was held by the BLNR in December 2021 to address the continuation of the revocable permits for both calendar years 2021 and 2022 and BLNR issued a decision on June 30, 2022. On December 27, 2021, while BLNR’s decision in the contested case hearing was pending, the court further modified its ruling to allow the permits to remain in place until the earlier of May 1, 2022, the date on which the BLNR renders a substantive decision on the continuation of the permits for calendar year 2022, or further order of the court. On April 26, 2022, the court orally granted an extension of the May 1, 2022 deadline to the earlier of June 15, 2022, or the date on which the BLNR renders a substantive decision on the continuation of the permits for calendar year 2022, or as may be further ordered by the court. On June 1, 2022, the court granted an extension of the June 15, 2022 deadline to the earlier of July 15, 2022 or the date on which the BLNR renders a substantive decision on the continuation of the permits for calendar year 2022 or as may be further ordered by the court. On June 30, 2022, the BLNR issued its final decision on the contested case hearing on the permits for calendar years 2021 and 2022, approving the continuation of the permits through the end of calendar year 2022. The Sierra Club has filed a notice of appeal of that decision to the Circuit Court of the First Circuit in Hawai‘i. The Company and the BLNR also appealed the court’s determination that the Sierra Club was entitled to a contested case hearing on the 2021 revocable permits. On November 10, 2022, the BLNR voted to continue the revocable permits for calendar year 2023 and, at that same meeting, denied the Sierra Club’s oral request for a contested case hearing. The Sierra Club subsequently submitted a written request to the BLNR for a contested case hearing on the continuation of the revocable permits, which the BLNR denied on December 9, 2022. On November 29, 2022, the Sierra Club filed an appeal of BLNR’s decisions to deny its oral request for a contested case hearing and to continue the revocable permits for 2023 and on December 15, 2022, the Sierra Club amended its appeal to also challenge the BLNR’s denial of its written request for a contested case hearing. The BLNR’s decision to continue the permits through the end of calendar year 2023 will stand unless overturned on appeal or the Sierra Club obtains a preliminary injunction to prevent the decision from remaining in place. In connection with A&B’s obligation to continue the existing process to secure a long-term water lease from the State, A&B and EMI will defend against the remaining claims made by the Sierra Club. In addition to the litigation described above, the Company is a party to, or may be contingently liable in connection with, other legal actions arising in the normal conduct of its businesses. While the outcomes of such litigation and claims cannot be predicted with certainty, in the opinion of management after consultation with counsel, the reasonably possible losses would not have a material effect on the Company's consolidated financial statements as a whole. Further note that certain of the Company's properties and assets may become the subject of other types of claims and assessments at various times (e.g., environmental matters based on normal operations of such assets). Depending on the facts and circumstances surrounding such potential claims and assessments, the Company records an accrual if it is deemed probable that a liability has been incurred and the amount of loss can be reasonably estimated/valued as of the date of the financial statements.

Revenue and Contract Balances

Revenue and Contract Balances	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue and Contract Balances	Revenue and Contract Balances The Company generates revenue through its Commercial Real Estate and Land Operations segments. Through its Commercial Real Estate segment, the Company owns and operates a portfolio of commercial real estate properties and generates income (i.e., revenue) as a lessor through leases of such assets. Refer to Note 12 – Leases - The Company as a Lessor for further discussion of lessor income recognition. The Land Operations segment generates revenue from contracts with customers. The Company further disaggregates revenue from contracts with customers by revenue type when appropriate if the Company believes disaggregation best depicts how the nature, amount, timing and uncertainty of the Company's revenue and cash flows are affected by economic factors. Revenue by type for the years ended December 31, 2022, 2021 and 2020, was as follows (in millions): 2022 2021 2020 Revenues: Commercial Real Estate $ 187.2 $ 174.1 $ 151.6 Land Operations: Development sales revenue 8.1 16.0 7.9 Unimproved/other property sales revenue 19.9 41.3 9.7 Other operating revenue 15.3 22.6 21.1 Land Operations 43.3 79.9 38.7 Total revenues $ 230.5 $ 254.0 $ 190.3 Timing of revenue recognition may differ from the timing of invoicing to customers. Generally, unearned project-related costs will be earned over the next twelve months. The following table provides information about receivables, contract assets and contract liabilities from contracts with customers as of December 31, 2022 and 2021 (in millions): 2022 2021 Accounts receivable $ 8.6 $ 3.0 Allowances (credit losses and doubtful accounts) (2.5) (0.8) Accounts receivable, net of allowance for credit losses and allowance for doubtful accounts $ 6.1 $ 2.2 Variable consideration 1 $ 62.0 $ 62.0 Other deferred revenue $ 6.8 $ 6.3 1 Variable consideration deferred as of the end of the periods related to amounts received in the sale of agricultural land on Maui in 2018 that, under revenue recognition guidance, could not be included in the transaction price. For the year ended December 31, 2022, the Company did not recognize any revenue related to the Company's contract liabilities reported as of December 31, 2021. For the year ended December 31, 2021, the Company recognized revenue of approximately $0.9 million related to the Company's contract liabilities reported as of December 31, 2020. On December 17, 2018, A&B entered into a Purchase and Sale Agreement and Escrow Instructions (the "PSA") with Mahi Pono (the "Buyer") related to the sale of agricultural land on Maui. In connection with the sale, the Company deferred approximately $62.0 million of revenue related to certain performance obligations involving securing adequate water to support the Buyer's agricultural plans for the land, through an agreement with the State of Hawai‘i to provide rights to access state water for agricultural irrigation (“State Water Lease”), as well as ensuring that the Buyer has continued access to water prior to the issuance of the State Water Lease. Under the terms of the PSA, the Company may be required to remit amounts up to $62.0 million to the Buyer to the extent performance obligations are not met (recorded as deferred revenue of $62.0 million as of December 31, 2022 and 2021).

Leases - The Company as Lessor

Leases - The Company as Lessor	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases - The Company as Lessor	Leases - The Company as a Lessor The Company leases real estate property to tenants under operating leases. Such activity is primarily composed of operating leases within its CRE segment. As a result of the coronavirus pandemic ("COVID-19"), the Company provided certain of its tenants rent relief arrangements during the years ended December 31, 2022, 2021 and 2020, which typically consisted of rent deferrals or other relief modifications that resulted in changes to fixed contractual lease payments for specified months. Consistent with lease accounting guidance and interpretations provided by the FASB for rent relief arrangements specifically related to COVID-19, the Company elected to treat such eligible lease concessions (i.e., such rent deferrals, fixed-to-variable modifications or payment forgiveness arrangements that do not result in a substantial increase in the rights of the lessor or obligations of the lessee) outside of the lease accounting modification framework. For such eligible rent deferrals, the Company accounts for the event as if no changes to the lease contract were made and continues to record lease receivables and recognize income during the deferral period. For the eligible other relief modifications mentioned above that resulted in reductions to fixed contractual lease payments the Company reports, for periods covered by the modification, reduced rental income (i.e., revenue) equal to the agreed-upon amounts (offset by any variable lease payments). The Company assesses collectability on all such amounts due under leases and only recognizes revenue to the extent such amounts are probable of collection (or payment is received). The historical cost of, and accumulated depreciation on, leased property as of December 31, 2022 and 2021, was as follows (in millions): 2022 2021 Leased property - real estate $ 1,572.0 $ 1,562.8 Less accumulated depreciation (201.8) (182.1) Property under operating leases - net $ 1,370.2 $ 1,380.7 Total rental income (i.e., revenue) under these operating leases relating to lease payments and variable lease payments were as follows (in millions): 2022 2021 2020 Lease payments $ 130.8 $ 122.7 $ 99.1 Variable lease payments 59.3 55.8 53.3 Total rental income $ 190.1 $ 178.5 $ 152.4 Contractual future lease payments to be received on non-cancelable operating leases as of December 31, 2022, were as follows (in millions): 2023 $ 124.5 2024 113.5 2025 96.6 2026 83.9 2027 73.0 Thereafter 554.6 Total future lease payments to be received $ 1,046.1

Leases - The Company as Lessee

Leases - The Company as Lessee	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases - The Company as Lessee	Leases - The Company as a LesseePrincipal non-cancelable operating leases include land and office space that have lease terms that expire through 2031. Management expects that in the normal course of business, most operating leases will be renewed or replaced by other similar leases. The Company has equipment under a finance lease with a lease term that expires through 2027. Lease expense for operating leases that provide for future escalations are accounted for on a straight-line basis. For the years ended December 31, 2022 and 2021, lease expense under operating and finance leases was as follows (in millions): 2022 2021 2020 Lease cost - operating and finance leases: Operating lease cost $ 2.7 $ 2.5 $ 2.5 Finance lease cost: Amortization of right-of-use assets 0.1 — — Total lease cost - operating and finance leases $ 2.8 $ 2.5 $ 2.5 Other amounts relating to leases segregated between those for finance and operating leases include the following for the years ended December 31, 2022 and 2021 (dollars in millions): 2022 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 2.7 $ 2.5 $ 2.4 Operating cash outflows from financing leases $ — $ — $ — Financing cash flows from finance leases $ 0.1 $ — $ — Other details: Weighted-average remaining lease term (years) - operating leases 3.0 3.7 4.6 Weighted-average remaining lease term (years) - finance leases 4.8 0.0 0.0 Weighted-average discount rate - operating leases 4.2 % 4.4 % 4.4 % Weighted-average discount rate - finance leases 4.1 % — % — % Future lease payments under non-cancelable operating and finance leases as of December 31, 2022, were as follows (in millions): Operating Leases Finance Leases 2023 $ 2.6 $ 0.2 2024 2.1 0.2 2025 0.7 0.2 2026 0.6 0.2 2027 0.2 1.8 Thereafter 0.4 — Total lease payments $ 6.6 $ 2.6 Less: Interest (1.7) — Total lease liabilities $ 4.9 $ 2.6 ROU assets and lease liabilities related to operating leases are presented separately on the consolidated balance sheets. Information for finance leases as of the years ended December 31, 2022 and 2021, were as follows (in millions): Consolidated Balance Sheet Location 2022 2021 Assets ROU assets Real estate property, net $ 2.6 $ — Liabilities Lease liabilities Notes payable and other debt $ 2.6 $ —
Leases - The Company as Lessee	Leases - The Company as a LesseePrincipal non-cancelable operating leases include land and office space that have lease terms that expire through 2031. Management expects that in the normal course of business, most operating leases will be renewed or replaced by other similar leases. The Company has equipment under a finance lease with a lease term that expires through 2027. Lease expense for operating leases that provide for future escalations are accounted for on a straight-line basis. For the years ended December 31, 2022 and 2021, lease expense under operating and finance leases was as follows (in millions): 2022 2021 2020 Lease cost - operating and finance leases: Operating lease cost $ 2.7 $ 2.5 $ 2.5 Finance lease cost: Amortization of right-of-use assets 0.1 — — Total lease cost - operating and finance leases $ 2.8 $ 2.5 $ 2.5 Other amounts relating to leases segregated between those for finance and operating leases include the following for the years ended December 31, 2022 and 2021 (dollars in millions): 2022 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 2.7 $ 2.5 $ 2.4 Operating cash outflows from financing leases $ — $ — $ — Financing cash flows from finance leases $ 0.1 $ — $ — Other details: Weighted-average remaining lease term (years) - operating leases 3.0 3.7 4.6 Weighted-average remaining lease term (years) - finance leases 4.8 0.0 0.0 Weighted-average discount rate - operating leases 4.2 % 4.4 % 4.4 % Weighted-average discount rate - finance leases 4.1 % — % — % Future lease payments under non-cancelable operating and finance leases as of December 31, 2022, were as follows (in millions): Operating Leases Finance Leases 2023 $ 2.6 $ 0.2 2024 2.1 0.2 2025 0.7 0.2 2026 0.6 0.2 2027 0.2 1.8 Thereafter 0.4 — Total lease payments $ 6.6 $ 2.6 Less: Interest (1.7) — Total lease liabilities $ 4.9 $ 2.6 ROU assets and lease liabilities related to operating leases are presented separately on the consolidated balance sheets. Information for finance leases as of the years ended December 31, 2022 and 2021, were as follows (in millions): Consolidated Balance Sheet Location 2022 2021 Assets ROU assets Real estate property, net $ 2.6 $ — Liabilities Lease liabilities Notes payable and other debt $ 2.6 $ —

Share-Based Payment Awards

Share-Based Payment Awards	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Share-Based Payment Awards	Share-based Payment Awards On April 26, 2022, shareholders approved the Alexander & Baldwin, Inc. 2022 Omnibus Incentive Plan ("2022 Plan"). The 2022 Plan serves as the successor to the 2012 Incentive Compensation Plan ("2012 Plan") and allows for the granting of stock options, stock appreciation rights, stock awards, restricted stock units, dividend equivalent rights, and other awards. The 2012 Plan allowed for the granting of stock options, stock appreciation rights, stock awards, and restricted stock units, including an automatic grant program for non-employee directors. All awards outstanding under the 2012 Plan remain subject to the terms of the 2012 Plan. Effective April 26, 2022, no additional shares will be issued under the 2012 Plan. The shares of common stock authorized to be issued under the 2022 Plan are to be drawn from the shares of the Company's authorized but unissued common stock or from shares of its common stock that the Company acquired, including shares purchased on the open market or private transactions. The 2022 Plan allows for the granting of up to 3.2 million shares in the form of stock options, restricted stock units or common stock, subject to adjustment for shares under the 2022 Plan or 2012 Plan that expire or are forfeited, cancelled, or terminated for any reason prior to the issuance of the shares. This includes 2.5 million new shares and 0.7 million shares that carried over from the 2012 Plan. As of December 31, 2022, there were 3.4 million remaining shares available for future grants. Under the 2022 Plan and the 2012 Plan, shares of common stock or restricted stock units may be granted as time-based awards or market-based performance awards. 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. The following table summarizes non-vested restricted stock unit activity for the year ended December 31, 2022, (in thousands, except weighted-average grant-date fair value amounts): Restricted Weighted- Outstanding, January 1, 2022 677.7 $ 21.26 Granted 306.3 $ 25.56 Vested (305.1) $ 24.30 Canceled (116.5) $ 21.84 Outstanding, December 31, 2022 562.4 $ 21.83 The time-based restricted stock units granted to employees vest ratably over a period of three years. The time-based restricted stock units granted to non-employee directors vest over a one-year period. The market-based performance share units cliff vest over 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 total shareholder returns relative to indices, as defined. As of December 31, 2022, there was $5.4 million of total unrecognized compensation cost related to non-vested restricted stock units granted under the 2022 plan; that cost is expected to be recognized over a remaining weighted-average period of 1.7 years. 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: 2022 Grants 2021 Grants 2020 Grants Volatility of A&B common stock 47.7 % 47.2 % 22.6 % Average volatility of peer companies 51.1 % 51.1 % 22.5 % Risk-free interest rate 1.4 % 0.2 % 1.3 % The weighted-average grant date fair value of the time-based restricted units and market-based performance share units granted in 2022, 2021 and 2020, was $25.56, $16.63, and $22.01, respectively. No compensation cost is recognized for actual forfeitures of time-based or market-based awards if an employee is terminated prior to rendering the requisite service period. There was no tax benefit realized upon vesting for the years ended December 31, 2022, 2021 and 2020. The Company recognizes compensation cost net of actual forfeitures of time-based or market-based awards. A summary of compensation cost related to share-based payments is as follows for the years ended December 31, 2022, 2021 and 2020, (in millions): 2022 2021 2020 Share-based expense: Time-based and market-based restricted stock units $ 4.9 $ 5.9 $ 5.8 Total share-based expense 4.9 5.9 5.8 Total recognized tax benefit — — — Share-based expense (net of tax) $ 4.9 $ 5.9 $ 5.8 Cash received upon option exercise $ — $ 1.4 $ 3.5 Intrinsic value of options exercised $ — $ 0.6 $ 0.5 Tax benefit realized upon option exercise $ — $ — $ — Fair value of stock vested $ 5.6 $ 5.4 $ 3.0

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans During the year ended December 31, 2022, the Company completed the termination of its funded single-employer defined benefit pension plans that covered certain non-bargaining unit employees and bargaining unit employees of the Company (see Pension Plan Termination below), and transferred the life insurance benefits for retirees as of June 30, 2022, to an insurance company. The Company continues to maintain its plans that provide retiree health care and the remaining life insurance benefits to certain salaried and hourly employees. Employees are generally eligible for such benefits upon retirement and completion of a specified number of years of 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. Pension Plan Termination : On February 23, 2021, the Company’s Board of Directors approved a plan to effect the termination of the A&B Retirement Plan for Salaried Employees of Alexander & Baldwin, LLC and the Pension Plan for Employees of A&B Agricultural Companies (collectively, the “Defined Benefit Plans”), which became effective on May 31, 2021. On June 30, 2022, the Company completed the termination of the Defined Benefit Plans by meeting the following criteria: (1) an irrevocable action to terminate the Defined Benefit Plans had occurred, (2) the Company was relieved of the primary responsibility of the Defined Benefit Plans, and (3) the significant risks related to the obligations of the Defined Benefit Plans and the assets used to effect the settlement was eliminated for the Company. During the year ended December 31, 2022, the Company made cash contributions of $28.7 million to defined benefit plans, and in connection with the Defined Benefit Plans termination process, recorded a pre-tax settlement charge of $76.9 million within Pension termination in the consolidated statements of operations, which represents the acceleration of deferred charges previously included within accumulated other comprehensive loss and the impact of remeasuring the plan assets and obligations at termination. In addition, the Company recorded an income tax benefit of $18.3 million during the year ended December 31, 2022, to reclassify the tax effects in accumulated other comprehensive loss upon completion of the termination of the Defined Benefit Plans. Benefit Obligations, Plan Assets and Funded Status of the Plans: 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 as of December 31, 2022 and 2021, and are shown below (in millions): Pension Benefits Other Post-retirement Benefits Non-qualified Plan Benefits 2022 2021 2022 2021 2022 2021 Change in Benefit Obligation Benefit obligation at beginning of year $ 227.2 $ 218.7 $ 12.6 $ 13.5 $ 3.1 $ 3.1 Service cost 1.4 1.2 0.1 0.1 — — Interest cost 0.7 5.1 0.4 0.3 0.1 — Plan participants’ contributions — — 0.6 0.7 — — Actuarial (gain) loss (44.5) 17.2 (2.2) (0.6) (0.6) — Benefits paid (13.9) (15.0) (1.2) (1.4) — — Settlement (170.9) — (2.2) — (0.6) — Benefit obligation at end of year $ — $ 227.2 $ 8.1 $ 12.6 $ 2.0 $ 3.1 Change in Plan Assets Fair value of plan assets at beginning of year $ 186.6 $ 200.6 $ — $ — $ — $ — Actual return on plan assets (27.1) (5.7) — — — — Employer contributions 25.3 6.7 2.8 0.7 0.6 — Participant contributions — — 0.6 0.7 — — Benefits paid (13.9) (15.0) (1.2) (1.4) — — Settlement (170.9) — (2.2) — (0.6) — Fair value of plan assets at end of year $ — $ 186.6 $ — $ — $ — $ — Funded Status (Recognized Liability 1 ) $ — $ (40.6) $ (8.1) $ (12.6) $ (2.0) $ (3.1) 1 Presented as Accrued pension and post-retirement benefits in the accompanying consolidated balance sheets as of December 31, 2022 and 2021. Defined benefit pension plan actuarial losses in the changes in benefit obligations for 2021 resulted primarily from reflecting a lump sum window and transfer of remaining benefit obligations to an insurance company. Defined benefit pension plan actuarial gains in the changes in benefit obligations for 2022 resulted from favorable lump sum election and insurer annuity pricing upon pension termination. Benefit Plan Assets Investment Policies and Target Asset Allocations: Prior to termination in June 2022, the Company served as the plan sponsor for the defined benefit pension plan and was responsible for the investment and management of the pension plan assets. The Company managed the pension plan assets based upon a liability-driven investment strategy, which sought 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. As a result, the asset allocation of the defined benefit pension plan was weighted toward fixed income investments, which reduced investment volatility, but also reduced investment returns over time. In connection with the liability-driven investment strategy, the Company appointed an investment adviser to direct investments and select investment options, based on established guidelines. The Company’s weighted-average asset allocation as of December 31, 2021, was as follows: 2021 Fixed income securities 1 98 % Cash and cash equivalents 2 % Total 100 % 1 Fixed income securities include investment-grade corporate bonds from diversified industries and U.S. Treasuries. Fair Value of Plan Assets: As a result of the pension termination, the Company had no defined benefit pension plan assets as of December 31, 2022, and therefore, no corresponding fair values. The fair values of the Company’s defined benefit pension plan assets as of December 31, 2021, by asset category, were as follows (in millions): Fair Value Measurements at December 31, 2021 Total Quoted Prices in Active Markets (Level 1) Significant Observable Inputs Asset Category Cash and cash equivalents $ 4.6 $ 4.6 $ — Assets measured at NAV 182.0 — — Total $ 186.6 $ 4.6 $ — The Company’s pension plan assets were held in a master trust and stated at estimated fair value, which was based on the fair values of the underlying investments. Purchases and sales of securities were recorded on a trade-date basis. Interest income was recorded on the accrual basis. Dividends were recorded on the ex-dividend date. Investments in funds that were measured at fair value using the net asset value ("NAV") per share practical expedient in accordance with ASC 820 are not classified in the fair value hierarchy table above. The NAV was based on the fair value of the underlying assets owned by the fund and determined by the investment manager or custodian of the fund. The fair value amounts presented is intended to permit reconciliation of the fair value hierarchy to the amounts presented in the fair value of plan assets. These investments primarily included other fixed income investments and securities. Expected Rate-of-Return on Plan Assets: The expected return on plan assets assumption was 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, 2022 and 2021, the plan assets experienced a negative return of 14.5% and 2.8%, respectively. Accumulated Benefit Obligation for Defined Benefit Pension Plans: 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 were based on a fixed percentage of eligible compensation, plus interest. The plan interest credit rate varied from year-to-year based on the 10-year U.S. Treasury rate. During the year ended December 31, 2019, the Company amended the cash balance pension plan such that, effective January 1, 2020, benefit accruals under the cash balance formula ceased and were replaced with a non-elective contribution by the Company into a defined contribution plan. All accumulated benefits under the traditional defined benefit pension plan and the cash balance pension plan will remain credited to employees' accounts under the amendments made in 2019. During the year ended December 31, 2020, the Company amended the traditional defined benefit pension plan formula for remaining bargaining unit employees to cease accruals effective January 1, 2021. As a result of the pension termination, the Company had no accumulated benefit obligation as of December 31, 2022. The accumulated benefit obligation for the Company’s qualified pension plans was $227.2 million as of December 31, 2021. Estimated Benefit Payments: The estimated future benefit payments for the next ten years are as follows (in millions): 2023 2024 2025 2026 2027 2028-2032 Estimated Benefit Payments Post-retirement Benefits $ 0.6 $ 0.6 $ 0.6 $ 0.6 $ 0.6 $ 2.7 Non-qualified Plan Benefits — 0.5 1.6 — — — Total $ 0.6 $ 1.1 $ 2.2 $ 0.6 $ 0.6 $ 2.7 Estimated Future Contributions: Contributions are determined annually for each plan by the Company’s pension Administrative Committee, based upon the actuarial-determined minimum required contribution under the Employee Retirement Income Security Act of 1974, as amended, the Pension Protection Act of 2006, and the maximum deductible contribution allowed for tax purposes. During the years ended December 31, 2022, 2021 and 2020, the Company made contributions of $28.7 million, $7.4 million, and zero to its defined benefit plans, respectively. The Company’s funding policy is to contribute cash to its defined benefit plans so that it meets at least the minimum contribution requirements. With the completion of the pension plan termination in 2022, the Company expects to make no further contributions to the defined benefit pension plans. Net Benefit Cost Recognized and Amounts Recognized in Other Comprehensive Income: Components of the net periodic benefit cost and other amounts recognized in other comprehensive income (loss) for the defined benefit pension plans and the post-retirement health care and life insurance benefit plans during the years ended December 31, 2022, 2021 and 2020, are shown below (in millions): Pension Benefits Other Post-retirement Benefits Non-qualified Plan Benefits Components of Net Periodic Benefit Cost 2022 2021 2020 2022 2021 2020 2022 2021 2020 Service cost $ 1.4 $ 1.2 $ 0.8 $ 0.1 $ 0.1 $ 0.1 $ — $ — $ — Interest cost 0.7 5.1 6.5 0.4 0.3 0.3 0.1 — 0.1 Expected return on plan assets (2.6) (5.0) (6.8) — — — — — — Amortization of net loss 1.7 2.5 2.5 0.1 — (0.1) 0.1 0.1 0.1 Amortization of prior service cost 0.1 — — — — — — — — Pension termination 76.7 — — 0.1 — — 0.1 — — Net periodic benefit cost $ 78.0 $ 3.8 $ 3.0 $ 0.7 $ 0.4 $ 0.3 $ 0.3 $ 0.1 $ 0.2 Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss) Net gain (loss) $ 14.4 $ (28.0) $ (3.8) $ 2.2 $ 0.6 $ (3.7) $ 0.4 $ — $ (0.2) Amortization of net loss 1 1.7 2.6 2.5 0.1 0.1 (0.1) 0.1 0.1 0.1 Prior service cost — — (0.1) — — — — — — Amortization of prior service credit 1 0.1 — — — — — — — — Pension termination 1 76.7 — — 0.1 — — 0.1 — — Income taxes related to other comprehensive income (loss) 1 (18.3) — — (0.1) — — 0.1 — — Total recognized in Other comprehensive income (loss) 74.6 (25.4) (1.4) 2.3 0.7 (3.8) 0.7 0.1 (0.1) Total recognized in net periodic benefit cost and Other comprehensive income (loss) $ (3.4) $ (29.2) $ (4.4) $ 1.6 $ 0.3 $ (4.1) $ 0.4 $ — $ (0.3) 1 Represents amortization or recognition of balances previously recorded to Accumulated other comprehensive income (loss ) in the consolidated balance sheets and recognized as a component of net periodic benefit cost. Other components of net periodic benefit costs (other than the service cost component) are recorded in Interest and other income (expense), net in the consolidated statements of operations. Amounts recognized on the consolidated balance sheets in accumulated other comprehensive income (loss) as of December 31, 2022 and 2021, were as follows (in millions): Pension Benefits Other Post-retirement Benefits Non-qualified Plan Benefits 2022 2021 2022 2021 2022 2021 Net gain (loss), net of taxes $ — $ (74.5) $ 0.3 $ (2.6) $ — $ (0.7) Unrecognized prior service credit (cost), net of taxes — (0.1) — — — — Total Accumulated other comprehensive income (loss) $ — $ (74.6) $ 0.3 $ (2.6) $ — $ (0.7) Unrecognized gains and losses of the post-retirement benefit plans are amortized over the average future lifetime of inactive participants in excess of a 10% corridor. 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. Assumptions in Plan Accounting: The weighted average assumptions used to determine benefit information during the years ended December 31, 2022, 2021 and 2020, were as follows: Pension Benefits Other Post-retirement Benefits Non-qualified Plan Benefits 2022 2021 2020 2022 2021 2020 2022 2021 2020 Weighted Average Assumptions Discount rate to determine benefit obligations N/A 2.26% 2.40% 5.41% 2.86% 2.49% 5.24% 1.68% 1.07% Discount rate to determine net cost N/A 2.39% 3.28% 3.51% 2.48% 3.38% 1.68% 1.07% 2.48% Rate of compensation increase N/A N/A N/A 0.5%-3.0% 0.5%-3.0% 0.5%-3.0% N/A N/A N/A Expected return on plan assets N/A 2.60% 3.70% N/A N/A N/A N/A N/A N/A Interest crediting rates N/A 2.15% 0.71% N/A N/A N/A 2.15% 2.15% 0.71% Initial health care cost trend rate N/A N/A N/A 5.90% 5.90% 5.70% N/A N/A N/A Ultimate rate N/A N/A N/A 4.00% 4.00% 4.50% N/A N/A N/A Year ultimate rate is reached N/A N/A N/A 2045 2045 2037 N/A N/A N/A A&B Defined Contribution Plans : The Company sponsors defined contribution plans that qualify under Section 401(k) of the Code and provides matching contributions of up to 3% of eligible compensation. The Company’s matching contributions expensed under these plans totaled $0.6 million for each of the years ended December 31, 2022, 2021 and 2020, respectively. The Company also maintains profit sharing plans and, if a minimum threshold of Company performance is achieved, provides contributions of 1% to 5%, depending upon Company performance above the minimum threshold. There were $0.8 million, $0.7 million and $0.5 million of profit sharing contribution expenses recognized in the years ended December 31, 2022, 2021 and 2020, respectively. As noted above, during the year ended December 31, 2019, the Company amended the cash balance pension plan such that, effective January 1, 2020, benefit accruals under the cash balance formula would cease and would be replaced with a non-elective contribution of 3% of the participant's annual eligible compensation made by the Company into the participant's defined contribution plan. The Company's contribution expensed under this non-elective component of the defined contribution plan totaled $0.7 million, $0.6 million, and $0.7 million for the years ended December 31, 2022, 2021 and 2020, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company elected to be taxed as a REIT and operate in a manner that allows us to qualify as a REIT for federal income tax purposes commencing with our taxable year ended December 31, 2017. The Company's taxable REIT subsidiary ("TRS") filed separately as a C corporation. The Company also files separate income tax returns in various states. As a REIT, the Company will generally be allowed a deduction for dividends that it pays, and therefore, will not be subject to United States federal corporate income tax on its taxable income that is currently distributed to shareholders. The Company may be subject to certain state gross income and franchise taxes, as well as taxes on any undistributed income and federal and state corporate taxes on any income earned by its TRS. Distributions with respect to the Company’s common stock can be characterized for federal income tax purposes as ordinary income, capital gains, unrecaptured section 1250 gains, return of capital, or a combination thereof. Taxable distributions paid for the years ended December 31, 2022, 2021 and 2020, were classified as ordinary income. The income tax expense (benefit) on income (loss) from continuing operations for the years ended December 31, 2022, 2021 and 2020, consisted of the following (in millions): 2022 2021 2020 Current: Federal $ (18.0) $ 0.1 $ (0.1) State (0.3) (0.1) (0.3) Current $ (18.3) $ — $ (0.4) Deferred: Federal $ — $ — $ — State — — — Deferred $ — $ — $ — Income tax expense (benefit) $ (18.3) $ — $ (0.4) Income tax expense (benefit) for the years ended December 31, 2022, 2021 and 2020, differs from amounts computed by applying the statutory federal rate to income from continuing operations before income taxes for the following reasons (in millions): 2022 2021 2020 Computed federal income tax expense (benefit) $ 3.9 $ 15.8 $ 4.0 State income taxes (1.5) 1.4 (0.4) Valuation allowance 5.3 (8.0) (0.2) REIT rate differential (7.8) (9.0) (4.7) Other non-deductible expense — — 0.6 Share-based compensation (0.1) 0.1 0.2 Effective rate differences between current and deferred taxes 0.4 (0.5) 0.1 Pension termination (18.3) — — Other, net (0.2) 0.2 — Income tax expense (benefit) $ (18.3) $ — $ (0.4) The change in the Company's effective tax rate for the year ended December 31, 2022, as compared to the year ended December 31, 2021, is primarily due to the termination of the Company's Defined Benefit Plans, impairments incurred in 2021 and 2022, and changes in the valuation allowance on deferred tax assets during the year and overall increase in pretax book income for the year ended December 31, 2022. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2022 and 2021, were as follows (in millions): 2022 2021 Deferred tax assets: Employee benefits $ 6.3 $ 17.7 Capitalized costs 1.5 1.6 Joint ventures and other investments 6.0 6.4 Impairment and amortization 24.8 1.7 Solar investment benefits 14.9 15.7 Insurance and other reserves 7.2 6.0 Disallowed interest expense 8.9 10.5 Net operating losses 44.1 52.6 Operating lease liability 6.6 1.6 Other 1.0 3.0 Total deferred tax assets $ 121.3 $ 116.8 Valuation allowance (109.8) (109.6) Total net deferred tax assets $ 11.5 $ 7.2 Deferred tax liabilities: Property (including tax-deferred gains on real estate transactions) $ 5.0 $ 5.6 Operating lease asset 6.5 1.6 Total deferred tax liabilities $ 11.5 $ 7.2 Net deferred tax assets (liabilities) $ — $ — Federal tax credit carryforwards at December 31, 2022, totaled $8.2 million, of which $8.1 million will expire in 2036 and $0.1 million will expire in 2039. State tax credit carryforwards at December 31, 2022, totaled $6.7 million and may be carried forward indefinitely under state law. As of December 31, 2022, the Company had gross federal net operating loss carryforwards of $169.2 million ($35.5 million tax-effected) that can be carried forward indefinitely under federal law. As of December 31, 2022, the Company had state net operating loss carryforwards of $169.7 million ($8.6 million tax-effected) that can be carried forward indefinitely. A valuation allowance must be provided if it is more likely than not that some portion or all of the deferred tax assets will not be realized, based upon consideration of all positive and negative evidence. Sources of evidence include, among other things, a history of pretax earnings or losses, expectations of future results, tax planning opportunities and appropriate tax law. Due to the recent losses the Company has generated in its TRS, the Company believes that it is more likely than not that its U.S. and state deferred tax assets will not be realized as of December 31, 2022. Therefore, the Company recorded an increase in the valuation allowance of $0.2 million on its net U.S. and state deferred tax assets for the current period. Should the Company determine that it would be able to realize its deferred tax assets in the foreseeable future, an adjustment to the deferred tax assets may cause a material increase to income in the period such determination is made. Significant management judgment is required in determining the period in which reversal of a valuation allowance should occur. The net change to the valuation allowance recorded during each of the years ended December 31, 2022, 2021 and 2020, was as follows (in millions): Balance at Beginning of Year Net Change Balance at End of Year 2022 $ 109.6 $ 0.2 $ 109.8 2021 $ 104.0 $ 5.6 $ 109.6 2020 $ 99.3 $ 4.7 $ 104.0 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. Due to the Company's valuation allowance in the respective periods, there were no net tax benefits recognized from share-based transactions for the years ended December 31, 2022, 2021 and 2020. The Company recognizes accrued interest and penalties on income taxes as a component of income tax expense. As of December 31, 2022, accrued interest and penalties were not material. The Company has not identified any material unrecognized tax positions and as such has no related interest or penalty accruals. As of December 31, 2022, tax years 2019 and later are open to audit by the tax authorities. The Company does not believe that the result of any potential audits will have a material adverse effect on its results of operations, financial condition or liquidity.

Earnings Per Share (_EPS_)

Earnings Per Share (“EPS”)	12 Months Ended
	Dec. 31, 2022
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, as well as adjusted by the number of additional shares, if any, that would have been outstanding had the potentially dilutive common shares been issued. The following table provides a reconciliation of income (loss) from continuing operations to net income (loss) for the years ended December 31, 2022, 2021 and 2020 (in millions): 2022 2021 2020 Income (loss) from continuing operations $ 37.1 $ 75.4 $ 19.3 Distributions and allocations to participating securities (0.2) (0.3) (0.1) Income (loss) from continuing operations available to A&B shareholders 36.9 75.1 19.2 Income (loss) from discontinued operations available to A&B shareholders (86.6) (39.6) (14.1) Exclude: Loss (income) attributable to discontinued noncontrolling interest (1.1) (0.4) 0.4 Net income (loss) available to A&B common shareholders $ (50.8) $ 35.1 $ 5.5 The number of shares used to compute basic and diluted earnings per share for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 Denominator for basic EPS - weighted average shares outstanding 72.6 72.5 72.3 Effect of dilutive securities: Stock options and restricted stock unit awards 0.2 0.1 0.1 Denominator for diluted EPS - weighted average shares outstanding 72.8 72.6 72.4

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Other comprehensive income (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, 2022 and 2021 (in millions): 2022 2021 Employee benefit plans: Pension plans $ — $ (74.6) Post-retirement plans (0.3) (2.6) Non-qualified benefit plans — (0.7) Total employee benefit plans (0.3) (77.9) Interest rate swap 2.1 (2.8) Accumulated other comprehensive income (loss) $ 1.8 $ (80.7) The changes in accumulated other comprehensive income (loss) by component for the years ended December 31, 2022, 2021 and 2020 were as follows (in millions, net of tax): Employee Benefit Plans Interest Rate Swap Total Balance, January 1, 2020 $ (48.0) $ (0.8) $ (48.8) Other comprehensive income (loss) before reclassifications, net of taxes of $0 (7.7) (6.9) (14.6) Amounts reclassified from accumulated other comprehensive income (loss), net of taxes of $0 2.4 1.0 3.4 Balance, December 31, 2020 $ (53.3) $ (6.7) $ (60.0) Other comprehensive income (loss) before reclassifications, net of taxes of $0 (27.4) 2.3 (25.1) Amounts reclassified from accumulated other comprehensive income (loss), net of taxes of $0 2.8 1.6 4.4 Balance, December 31, 2021 $ (77.9) $ (2.8) $ (80.7) Other comprehensive income (loss) before reclassifications, net of taxes of $0 17.0 4.9 21.9 Amounts reclassified from accumulated other comprehensive income (loss), net of taxes of $0 78.9 — 78.9 Taxes on other comprehensive income (loss) (18.3) — (18.3) Balance, December 31, 2022 $ (0.3) $ 2.1 $ 1.8 The reclassifications of other comprehensive income (loss) components out of accumulated other comprehensive income (loss) for the years ended December 31, 2022, 2021 and 2020, were as follows (in millions): 2022 2021 2020 Unrealized interest rate hedging gain (loss) $ 4.9 $ 2.3 $ (6.9) Impact of reclassification adjustment to interest expense included in Net Income (Loss) 0.5 1.6 1.0 Realized interest rate hedging gain (loss) (0.5) — — Actuarial gain (loss) 17.0 (27.4) (7.7) Amortization of defined benefit pension items reclassified to net periodic pension cost: Net loss* 1.9 2.8 2.5 Prior service cost* — — (0.1) Amortization of prior service credit* 0.1 — — Pension termination 76.9 — — Total before income tax $ 100.8 $ (20.7) $ (11.2) Income taxes related to other comprehensive income (loss) (18.3) — — Other comprehensive income (loss), net of tax $ 82.5 $ (20.7) $ (11.2) * This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost (refer to Note 15 – Employee Benefit Plans).

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Land Operations. The Company provides materials and services to certain unconsolidated investments in affiliates. The Company also recognizes interest earned on a note receivable related to a construction loan secured by a mortgage on real property with one of the Company's joint ventures. During the years ended December 31, 2022, 2021 and 2020, the Company recognized $0.3 million, $4.5 million and $1.9 million, respectively, related to revenues earned from transactions with these affiliates. There were no receivables from service arrangements with these affiliates as of December 31, 2022 and 2021.

Segment Results

Segment Results	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Results	Segment ResultsOperating 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 ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and for which discrete financial information is available. The accounting policies of the operating segments are described in Note 2 – Significant Accounting Policies. The Company measures and evaluates operating segments based on operating profit, exclusive of interest expense, general corporate expenses and income taxes. Revenues related to transactions between reportable segments have been eliminated in consolidation. Transactions between reportable segments are accounted for on the same basis as transactions with unrelated third parties. Prior to December 31, 2022 the Company operated and reported on three segments: Commercial Real Estate; Land Operations; and Materials & Construction. During the fourth quarter of 2022, the Company progressed on its simplification efforts related to the divestiture of its materials & construction business. The Grace Disposal Group, which was reclassified as held for sale and discontinued operations for all periods presented, made up the majority of activity in the Company’s former M&C segment. Accordingly, the former M&C segment has been eliminated and the segment information presented herein excludes the results of the Grace Disposal Group for all periods presented. All comparable information for the historical periods has been restated to reflect the impact of these changes. As a result of these changes, the Company now operates and reports on two segments: Commercial Real Estate and Land Operations. The Commercial Real Estate segment owns, operates and manages a portfolio of retail, industrial and office properties in Hawai‘i totaling 3.9 million square feet of gross leasable area. The Company also leases approximately 140.7 acres of commercial land in Hawai‘i to third-party lessees under ground leases. The Land Operations segment generates its revenues from real estate development and land sales, income/loss from joint ventures, and other legacy business activities in Hawai‘i. Historically, this segment also generated revenues from the sale of hydroelectric energy until the disposal of McBryde Resources Inc. in the year ended December 31, 2022. Operating segment information for the years ended December 31, 2022, 2021 and 2020 is summarized below (in millions): 2022 2021 2020 Operating Revenue: Commercial Real Estate $ 187.2 $ 174.1 $ 151.6 Land Operations 1 43.3 79.9 38.7 Total operating revenue 230.5 254.0 190.3 Operating Profit (Loss): Commercial Real Estate 2 81.5 72.6 49.8 Land Operations 1,3,4 (1.4) 53.2 18.0 Total operating profit (loss) 1 80.1 125.8 67.8 Gain (loss) on disposal of commercial real estate properties, net — 2.8 0.5 Interest expense (22.0) (26.2) (30.2) Corporate and other expense 4 (39.3) (27.0) (19.2) Income (Loss) from Continuing Operations Before Income Taxes $ 18.8 $ 75.4 $ 18.9 Identifiable Assets: Commercial Real Estate $ 1,499.9 $ 1,499.5 $ 1,499.9 Land Operations 5 112.0 144.5 285.1 Other 48.6 81.1 65.8 Assets Held for Sale 126.8 154.7 185.2 Total assets $ 1,787.3 $ 1,879.8 $ 2,036.0 Capital Expenditures: Commercial Real Estate 6 $ 21.4 $ 39.6 $ 18.8 Land Operations 7 0.2 7.4 1.4 Other 0.1 0.2 0.4 Total capital expenditures $ 21.7 $ 47.2 $ 20.6 Depreciation and Amortization: Commercial Real Estate $ 36.5 $ 37.7 $ 40.1 Land Operations 1.2 1.1 1.5 Other 0.3 0.8 0.9 Total depreciation and amortization $ 38.0 $ 39.6 $ 42.5 1 In 2021, the Company changed the composition of its reportable segments based on how the CODM assesses the Company's performance, which caused reported amounts (i.e., revenue and operating profit) in the historical period to be reclassified from Land Operations to the previous M&C reportable segment, and subsequently to discontinued operations, which reduced Land Operations segment Operating Revenue and Operating Profit (Loss) by $1.9 million for the year ended December 31, 2020. In 2022, as a result of the Grace Disposal Group's classification as held for sale and discontinued operations, the Company changed the composition of its reportable segments based on how the CODM assesses the Company's performance, which caused reported amounts (i.e. operating profit) related to one joint venture in the historical period to be reclassified from the former M&C segment to Land Operations, which changed Land Operations Operating Profit (Loss) by $(2.5) million and $2.1 million for the years ended December 31, 2021 and 2020, respectively and Total operating profit (loss) by $38.3 million and $13.1 million for the years ended December 31, 2021 and 2020, respectively. All comparable information for the historical periods has been restated to reflect the impact of these changes. 2 Commercial Real Estate segment operating profit (loss) includes intersegment operating revenue, primarily from the Land Operations segment, as well as pension termination charges of $0.7 million for the year ended December 31, 2022. 3 Land Operations segment operating profit (loss) includes $1.6 million, $17.9 million, and $6.8 million of equity in earnings (losses) from the Company's various joint ventures for the years ended December 31, 2022, 2021 and 2020, respectively. 4 Land Operations segment operating profit (loss) includes pension termination charges of $62.2 million for the year ended December 31, 2022, as well as a gain on sale of non-core assets, net, of $54.0 million for the year ended December 31, 2022, related to the McBryde transaction (Note 22 – Sale of Business). 5 The Land Operations segment includes assets related to its investment in various joint ventures. As a result of the change in the composition of the Land Operations segment in 2022, as noted above, total identifiable assets increased $23.4 million and $26.7 million as of December 31, 2021 and 2020, respectively. 6 Represents gross capital additions to the commercial real estate 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. 7 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.

Long-lived Assets - Disposals

Long-lived Assets - Disposals	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Long-lived Assets - Disposals	Long-lived Assets - Disposals 2020 Port Allen solar power facility asset sale In connection with its strategy to simplify its business, during the quarter ended September 30, 2020, the Company executed a purchase and sale agreement and consummated the sale of assets related to its solar power facility in Port Allen on Kauai for purchase consideration (measured at the date of disposal) of approximately $17.1 million. As a result, the Company derecognized the carrying value of the net assets of the disposal group and recorded a gain on disposal of approximately $8.9 million which is included in Gain (loss) on disposal of non-core assets in the consolidated statements of operations. The disposal was not considered individually significant and does not qualify for presentation and disclosure as a discontinued operation. On May 31, 2022, the Company entered into Purchase and Sale Agreements with Brue Baukol Capital Partners, an unrelated third party, which resulted in the sale of approximately 18,900 acres of primarily conservation and agricultural land on the island of Kauai and 100% of the Company's ownership interest in McBryde Resources, Inc., the operator of hydroelectric power facilities on Kauai, in exchange for cash proceeds and escrow receivables of $73.9 million and $0.9 million, respectively. The sale closed on June 30, 2022. In connection with the sale, the Company recognized a net gain of $54.0 million for the year ended December 31, 2022, which is presented within Gain (loss) on disposal of non-core assets, net in the consolidated statements of operations. The disposal was not considered individually significant and does not qualify for presentation and disclosure as a discontinued operation. In December 2022, in connection with the evaluation of strategic alternatives to monetize and dispose of Grace Pacific and the Company-owned quarry land on Maui, the Company's Board of Directors authorized Management to complete a sale of the Grace Disposal Group. In conjunction with the Board's authorization, the Company concluded that the plan to dispose of the Grace Disposal Group met the criteria for classification as held for sale and discontinued operations as of December 31, 2022. Accordingly, the assets and liabilities associated with the Grace Disposal Group are presented in the Consolidated Balance Sheets as Assets held for sale and Liabilities associated with assets held for sale and the results of operations are presented as discontinued operations in the Consolidated Statements of Operations and Cash Flows. While the ultimate outcome is neither certain nor guaranteed, the Company intends to conduct the respective businesses in the ordinary course in substantially the same manner in which it previously has been conducted until a sale occurs. The following table summarizes income (loss) from discontinued operations included in the Consolidated Statements of Operations for the three years ended December 31, 2022, 2021 and 2020 (in millions): 2022 2021 2020 Revenue $ 171.2 $ 126.2 $ 116.6 Cost of sales 1 (153.5) (121.0) (109.3) Selling, general and administrative (14.5) (15.6) (15.5) Impairment of assets (89.8) (26.1) (5.6) Gain (loss) on disposal of non-core assets, net 0.1 0.1 0.2 Operating income (loss) from discontinued operations 1 (86.5) (36.4) (13.6) Income (loss) related to joint ventures (0.4) (0.4) (0.8) Impairment of equity method investments — (2.9) — Interest and other income (expense), net 0.5 0.2 0.4 Interest expense (0.2) (0.1) (0.1) Income (loss) from discontinued operations before income taxes 1 (86.6) (39.6) (14.1) Income tax benefit (expense) attributable to discontinued operations — — — Income (loss) from discontinued operations 1 (86.6) (39.6) (14.1) Loss (income) attributable to discontinued noncontrolling interest (1.1) (0.4) 0.4 Income (loss) from discontinued operations attributable to A&B Shareholders 1 $ (87.7) $ (40.0) $ (13.7) 1 Includes $(0.4) million, $(1.1) million, and $(0.8) million in costs associated with the resolution of liabilities from the Company’s former sugar operations and previously presented in Income (loss) from discontinued operations for the years ended December 31, 2022, 2021 and 2020, respectively. The assets and liabilities held for sale included in the consolidated balance sheets as of December 31, 2022 and 2021, were as follows (in millions): 2022 2021 Cash and cash equivalents $ 0.1 $ 4.6 Accounts receivable and retention, net of allowance for credit losses and allowance for doubtful accounts of $0.4 million and $0.5 million as of December 31, 2022, and December 31, 2021, respectively 30.8 26.7 Inventories 45.0 19.8 Other property, net 67.4 65.7 Operating lease right-of-use assets 31.3 13.2 Prepaid expenses and other assets 42.0 24.7 Less: Impairment recognized on classification as held for sale (89.8) — Total Assets held for sale $ 126.8 $ 154.7 Notes payable and other debt $ 14.1 $ 2.0 Accounts payable 10.2 6.4 Operating lease liabilities 31.3 12.9 Deferred revenue — 0.2 Accrued and other liabilities 25.4 24.3 Total Liabilities associated with assets held for sale $ 81.0 $ 45.8 As a result of the Grace Disposal Group classification as held for sale as of December 31, 2022, the Company measured the disposal group at its fair value less costs to sell and accordingly recorded impairment of $89.8 million in the fourth quarter of 2022. Related Party Transactions within Discontinued Operations and Held for Sale: The Company enters into contracts in the ordinary course of business, as a supplier, with affiliate entities that require accounting under the equity method due to the Company's financial interests in such entities and also with affiliate parties that are members in entities in which the Company also is a member and holds a controlling financial interest. Related to the periods during which such relationships existed, revenues earned from transactions with such affiliates were $16.9 million, $9.3 million and $8.6 million for the years ended years ended December 31, 2022, 2021 and 2020, respectively. Expenses recognized from transactions with such affiliates were $4.8 million, $1.4 million and $1.1 million for the years ended December 31, 2022, 2021 and 2020, respectively. Receivables from these affiliates were $6.9 million and $1.1 million as of December 31, 2022 and 2021, respectively. Amounts due to these affiliates were $0.4 million and $0.3 million as of December 31, 2022 and 2021, respectively.

Sale of Business

Sale of Business	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Sale of Business	Long-lived Assets - Disposals 2020 Port Allen solar power facility asset sale In connection with its strategy to simplify its business, during the quarter ended September 30, 2020, the Company executed a purchase and sale agreement and consummated the sale of assets related to its solar power facility in Port Allen on Kauai for purchase consideration (measured at the date of disposal) of approximately $17.1 million. As a result, the Company derecognized the carrying value of the net assets of the disposal group and recorded a gain on disposal of approximately $8.9 million which is included in Gain (loss) on disposal of non-core assets in the consolidated statements of operations. The disposal was not considered individually significant and does not qualify for presentation and disclosure as a discontinued operation. On May 31, 2022, the Company entered into Purchase and Sale Agreements with Brue Baukol Capital Partners, an unrelated third party, which resulted in the sale of approximately 18,900 acres of primarily conservation and agricultural land on the island of Kauai and 100% of the Company's ownership interest in McBryde Resources, Inc., the operator of hydroelectric power facilities on Kauai, in exchange for cash proceeds and escrow receivables of $73.9 million and $0.9 million, respectively. The sale closed on June 30, 2022. In connection with the sale, the Company recognized a net gain of $54.0 million for the year ended December 31, 2022, which is presented within Gain (loss) on disposal of non-core assets, net in the consolidated statements of operations. The disposal was not considered individually significant and does not qualify for presentation and disclosure as a discontinued operation. In December 2022, in connection with the evaluation of strategic alternatives to monetize and dispose of Grace Pacific and the Company-owned quarry land on Maui, the Company's Board of Directors authorized Management to complete a sale of the Grace Disposal Group. In conjunction with the Board's authorization, the Company concluded that the plan to dispose of the Grace Disposal Group met the criteria for classification as held for sale and discontinued operations as of December 31, 2022. Accordingly, the assets and liabilities associated with the Grace Disposal Group are presented in the Consolidated Balance Sheets as Assets held for sale and Liabilities associated with assets held for sale and the results of operations are presented as discontinued operations in the Consolidated Statements of Operations and Cash Flows. While the ultimate outcome is neither certain nor guaranteed, the Company intends to conduct the respective businesses in the ordinary course in substantially the same manner in which it previously has been conducted until a sale occurs. The following table summarizes income (loss) from discontinued operations included in the Consolidated Statements of Operations for the three years ended December 31, 2022, 2021 and 2020 (in millions): 2022 2021 2020 Revenue $ 171.2 $ 126.2 $ 116.6 Cost of sales 1 (153.5) (121.0) (109.3) Selling, general and administrative (14.5) (15.6) (15.5) Impairment of assets (89.8) (26.1) (5.6) Gain (loss) on disposal of non-core assets, net 0.1 0.1 0.2 Operating income (loss) from discontinued operations 1 (86.5) (36.4) (13.6) Income (loss) related to joint ventures (0.4) (0.4) (0.8) Impairment of equity method investments — (2.9) — Interest and other income (expense), net 0.5 0.2 0.4 Interest expense (0.2) (0.1) (0.1) Income (loss) from discontinued operations before income taxes 1 (86.6) (39.6) (14.1) Income tax benefit (expense) attributable to discontinued operations — — — Income (loss) from discontinued operations 1 (86.6) (39.6) (14.1) Loss (income) attributable to discontinued noncontrolling interest (1.1) (0.4) 0.4 Income (loss) from discontinued operations attributable to A&B Shareholders 1 $ (87.7) $ (40.0) $ (13.7) 1 Includes $(0.4) million, $(1.1) million, and $(0.8) million in costs associated with the resolution of liabilities from the Company’s former sugar operations and previously presented in Income (loss) from discontinued operations for the years ended December 31, 2022, 2021 and 2020, respectively. The assets and liabilities held for sale included in the consolidated balance sheets as of December 31, 2022 and 2021, were as follows (in millions): 2022 2021 Cash and cash equivalents $ 0.1 $ 4.6 Accounts receivable and retention, net of allowance for credit losses and allowance for doubtful accounts of $0.4 million and $0.5 million as of December 31, 2022, and December 31, 2021, respectively 30.8 26.7 Inventories 45.0 19.8 Other property, net 67.4 65.7 Operating lease right-of-use assets 31.3 13.2 Prepaid expenses and other assets 42.0 24.7 Less: Impairment recognized on classification as held for sale (89.8) — Total Assets held for sale $ 126.8 $ 154.7 Notes payable and other debt $ 14.1 $ 2.0 Accounts payable 10.2 6.4 Operating lease liabilities 31.3 12.9 Deferred revenue — 0.2 Accrued and other liabilities 25.4 24.3 Total Liabilities associated with assets held for sale $ 81.0 $ 45.8 As a result of the Grace Disposal Group classification as held for sale as of December 31, 2022, the Company measured the disposal group at its fair value less costs to sell and accordingly recorded impairment of $89.8 million in the fourth quarter of 2022. Related Party Transactions within Discontinued Operations and Held for Sale: The Company enters into contracts in the ordinary course of business, as a supplier, with affiliate entities that require accounting under the equity method due to the Company's financial interests in such entities and also with affiliate parties that are members in entities in which the Company also is a member and holds a controlling financial interest. Related to the periods during which such relationships existed, revenues earned from transactions with such affiliates were $16.9 million, $9.3 million and $8.6 million for the years ended years ended December 31, 2022, 2021 and 2020, respectively. Expenses recognized from transactions with such affiliates were $4.8 million, $1.4 million and $1.1 million for the years ended December 31, 2022, 2021 and 2020, respectively. Receivables from these affiliates were $6.9 million and $1.1 million as of December 31, 2022 and 2021, respectively. Amounts due to these affiliates were $0.4 million and $0.3 million as of December 31, 2022 and 2021, respectively.

Held for Sale and Discontinued

Held for Sale and Discontinued Operations	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Held for Sale and Discontinued Operations	Long-lived Assets - Disposals 2020 Port Allen solar power facility asset sale In connection with its strategy to simplify its business, during the quarter ended September 30, 2020, the Company executed a purchase and sale agreement and consummated the sale of assets related to its solar power facility in Port Allen on Kauai for purchase consideration (measured at the date of disposal) of approximately $17.1 million. As a result, the Company derecognized the carrying value of the net assets of the disposal group and recorded a gain on disposal of approximately $8.9 million which is included in Gain (loss) on disposal of non-core assets in the consolidated statements of operations. The disposal was not considered individually significant and does not qualify for presentation and disclosure as a discontinued operation. On May 31, 2022, the Company entered into Purchase and Sale Agreements with Brue Baukol Capital Partners, an unrelated third party, which resulted in the sale of approximately 18,900 acres of primarily conservation and agricultural land on the island of Kauai and 100% of the Company's ownership interest in McBryde Resources, Inc., the operator of hydroelectric power facilities on Kauai, in exchange for cash proceeds and escrow receivables of $73.9 million and $0.9 million, respectively. The sale closed on June 30, 2022. In connection with the sale, the Company recognized a net gain of $54.0 million for the year ended December 31, 2022, which is presented within Gain (loss) on disposal of non-core assets, net in the consolidated statements of operations. The disposal was not considered individually significant and does not qualify for presentation and disclosure as a discontinued operation. In December 2022, in connection with the evaluation of strategic alternatives to monetize and dispose of Grace Pacific and the Company-owned quarry land on Maui, the Company's Board of Directors authorized Management to complete a sale of the Grace Disposal Group. In conjunction with the Board's authorization, the Company concluded that the plan to dispose of the Grace Disposal Group met the criteria for classification as held for sale and discontinued operations as of December 31, 2022. Accordingly, the assets and liabilities associated with the Grace Disposal Group are presented in the Consolidated Balance Sheets as Assets held for sale and Liabilities associated with assets held for sale and the results of operations are presented as discontinued operations in the Consolidated Statements of Operations and Cash Flows. While the ultimate outcome is neither certain nor guaranteed, the Company intends to conduct the respective businesses in the ordinary course in substantially the same manner in which it previously has been conducted until a sale occurs. The following table summarizes income (loss) from discontinued operations included in the Consolidated Statements of Operations for the three years ended December 31, 2022, 2021 and 2020 (in millions): 2022 2021 2020 Revenue $ 171.2 $ 126.2 $ 116.6 Cost of sales 1 (153.5) (121.0) (109.3) Selling, general and administrative (14.5) (15.6) (15.5) Impairment of assets (89.8) (26.1) (5.6) Gain (loss) on disposal of non-core assets, net 0.1 0.1 0.2 Operating income (loss) from discontinued operations 1 (86.5) (36.4) (13.6) Income (loss) related to joint ventures (0.4) (0.4) (0.8) Impairment of equity method investments — (2.9) — Interest and other income (expense), net 0.5 0.2 0.4 Interest expense (0.2) (0.1) (0.1) Income (loss) from discontinued operations before income taxes 1 (86.6) (39.6) (14.1) Income tax benefit (expense) attributable to discontinued operations — — — Income (loss) from discontinued operations 1 (86.6) (39.6) (14.1) Loss (income) attributable to discontinued noncontrolling interest (1.1) (0.4) 0.4 Income (loss) from discontinued operations attributable to A&B Shareholders 1 $ (87.7) $ (40.0) $ (13.7) 1 Includes $(0.4) million, $(1.1) million, and $(0.8) million in costs associated with the resolution of liabilities from the Company’s former sugar operations and previously presented in Income (loss) from discontinued operations for the years ended December 31, 2022, 2021 and 2020, respectively. The assets and liabilities held for sale included in the consolidated balance sheets as of December 31, 2022 and 2021, were as follows (in millions): 2022 2021 Cash and cash equivalents $ 0.1 $ 4.6 Accounts receivable and retention, net of allowance for credit losses and allowance for doubtful accounts of $0.4 million and $0.5 million as of December 31, 2022, and December 31, 2021, respectively 30.8 26.7 Inventories 45.0 19.8 Other property, net 67.4 65.7 Operating lease right-of-use assets 31.3 13.2 Prepaid expenses and other assets 42.0 24.7 Less: Impairment recognized on classification as held for sale (89.8) — Total Assets held for sale $ 126.8 $ 154.7 Notes payable and other debt $ 14.1 $ 2.0 Accounts payable 10.2 6.4 Operating lease liabilities 31.3 12.9 Deferred revenue — 0.2 Accrued and other liabilities 25.4 24.3 Total Liabilities associated with assets held for sale $ 81.0 $ 45.8 As a result of the Grace Disposal Group classification as held for sale as of December 31, 2022, the Company measured the disposal group at its fair value less costs to sell and accordingly recorded impairment of $89.8 million in the fourth quarter of 2022. Related Party Transactions within Discontinued Operations and Held for Sale: The Company enters into contracts in the ordinary course of business, as a supplier, with affiliate entities that require accounting under the equity method due to the Company's financial interests in such entities and also with affiliate parties that are members in entities in which the Company also is a member and holds a controlling financial interest. Related to the periods during which such relationships existed, revenues earned from transactions with such affiliates were $16.9 million, $9.3 million and $8.6 million for the years ended years ended December 31, 2022, 2021 and 2020, respectively. Expenses recognized from transactions with such affiliates were $4.8 million, $1.4 million and $1.1 million for the years ended December 31, 2022, 2021 and 2020, respectively. Receivables from these affiliates were $6.9 million and $1.1 million as of December 31, 2022 and 2021, respectively. Amounts due to these affiliates were $0.4 million and $0.3 million as of December 31, 2022 and 2021, respectively.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn February 28, 2023, the Company's Board of Directors declared a cash dividend of $0.22 per share of outstanding common stock, payable on April 4, 2023, to shareholders of record as of the close of business on March 17, 2023.

Unaudited Summarized Quarterly

Unaudited Summarized Quarterly Information	12 Months Ended
	Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]
Unaudited Summarized Quarterly Information	Unaudited Summarized Quarterly Information The unaudited summarized quarterly information for the fiscal years 2022 and 2021 have been reclassified as a result of the discontinued operations presentation as described in Note 23 – Held for Sale and Discontinued Operations. Unaudited quarterly results for the years ended December 31, 2022 and 2021, were as follows (in millions, except per share amounts): 2022 Q1 Q2 Q3 Q4 Revenue $ 59.2 $ 51.1 $ 49.4 $ 70.8 Total operating profit (loss) $ 22.4 $ 11.8 $ 19.0 $ 26.9 Income (Loss) from Continuing Operations $ 9.6 $ 5.5 $ 5.8 $ 16.2 Income (loss) from discontinued operations, net of income taxes $ 1.4 $ (1.1) $ 1.0 $ (87.9) Net income (loss) attributable to A&B shareholders $ 10.5 $ 4.1 $ 6.4 $ (71.6) Net income (loss) available to A&B common shareholders $ 10.5 $ 4.0 $ 6.3 $ (71.6) Earnings (Loss) Per Share Available to A&B Shareholders: Basic Earnings (Loss) Per Share of Common Stock: Continuing operations available to A&B shareholders $ 0.13 $ 0.08 $ 0.08 $ 0.22 Discontinued operations available to A&B shareholders 0.01 (0.02) 0.01 (1.21) Net income (loss) available to A&B shareholders $ 0.14 $ 0.06 $ 0.09 $ (0.99) Diluted Earnings (Loss) Per Share of Common Stock: Continuing operations available to A&B shareholders $ 0.13 $ 0.07 $ 0.08 $ 0.22 Discontinued operations available to A&B shareholders 0.01 (0.02) 0.01 (1.21) Net income (loss) available to A&B shareholders $ 0.14 $ 0.05 $ 0.09 $ (0.99) Weighted-average number of shares outstanding: Basic 72.6 72.7 72.7 72.5 Diluted 72.8 72.8 72.8 72.7 2021 Q1 Q2 Q3 Q4 Revenue $ 57.2 $ 59.5 $ 49.7 $ 87.6 Total operating profit (loss) $ 26.6 $ 28.7 $ 20.8 $ 49.5 Income (Loss) from Continuing Operations $ 13.7 $ 16.0 $ 7.8 $ 37.9 Income (loss) from discontinued operations, net of income taxes $ (3.8) $ (3.0) $ (1.3) $ (31.5) Net income (loss) attributable to A&B shareholders $ 9.9 $ 12.8 $ 6.4 $ 6.3 Net income (loss) available to A&B common shareholders $ 9.9 $ 12.8 $ 6.3 $ 6.1 Earnings (Loss) Per Share Available to A&B Shareholders: Basic Earnings (Loss) Per Share of Common Stock: Continuing operations available to A&B shareholders $ 0.19 $ 0.22 $ 0.11 $ 0.52 Discontinued operations available to A&B shareholders (0.05) (0.04) (0.02) (0.44) Net income (loss) available to A&B shareholders $ 0.14 $ 0.18 $ 0.09 $ 0.08 Diluted Earnings (Loss) Per Share of Common Stock: Continuing operations available to A&B shareholders $ 0.19 $ 0.22 $ 0.11 $ 0.51 Discontinued operations available to A&B shareholders (0.05) (0.04) (0.02) (0.43) Net income (loss) available to A&B shareholders $ 0.14 $ 0.18 $ 0.09 $ 0.08 Weighted-average number of shares outstanding: Basic 72.5 72.5 72.5 72.5 Diluted 72.6 72.6 72.7 72.7

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION Alexander & Baldwin, Inc. December 31, 2022 (in millions) Initial Cost Costs Capitalized Subsequent to Acquisition Gross Amounts of Which Carried at Close of Period Description Encum- Land Buildings Improvements Carrying Costs Land Buildings Total (2) Accumulated Date of Date Commercial Real Estate Segment Industrial : Kapolei Enterprise Center (HI) $ — $ 7.9 $ 16.8 $ 0.7 $ — $ 7.9 $ 17.5 $ 25.4 $ (2.1) 2019 2019 Harbor Industrial (HI) — 0.1 — 1.3 — 0.1 1.3 1.4 (1.2) 1930 2018 Honokohau Industrial (HI) — 5.0 4.8 0.1 — 5.0 4.9 9.9 (0.8) Various 2017 Kailua Industrial/Other (HI) — 10.5 2.0 0.8 — 10.6 2.7 13.3 (0.7) Various 2013 Kakaako Commerce Center (HI) — 16.9 20.6 3.4 — 16.9 24.0 40.9 (4.5) 1969 2014 Komohana Industrial Park (HI) — 25.2 10.8 1.8 — 25.4 12.4 37.8 (4.3) 1990 2010 Opule Industrial (HI) — 10.9 27.1 — — 10.9 27.1 38.0 (2.8) 2005-2006, 2018 2018 P&L Warehouse (HI) — — — 1.8 — — 1.8 1.8 (0.9) 1970 1970 Port Allen (HI) — — 0.7 2.3 — — 3.0 3.0 (2.4) 1983, 1993 1983-1993 Waipio Industrial (HI) — 19.6 7.7 1.5 — 19.7 9.1 28.8 (3.0) 1988-1989 2009 Kahai Street Industrial (HI) — 4.4 2.0 — — 4.4 2.0 6.4 (0.1) 1973 2021 Maui Lani Industrial (HI) — 0.2 0.3 — — 0.2 0.3 0.5 — 2010 2011-2014 Office : Kahului Office Building (HI) — 1.0 0.4 7.9 — 1.0 8.3 9.3 (7.8) 1974 1989 Kahului Office Center (HI) — — — 4.7 — — 4.7 4.7 (4.0) 1991 1991 Lono Center (HI) — — 1.4 1.6 — — 3.0 3.0 (1.8) 1973 1991 Gateway at Mililani Mauka South (HI) — 7.0 3.5 7.3 — 7.0 10.8 17.8 (2.4) 1992, 2006 2012 Retail : Aikahi Park Shopping Center (HI) — 23.5 6.7 19.5 — 25.9 23.8 49.7 (4.7) 1971 2015 Gateway at Mililani Mauka (HI) — 7.3 4.7 6.8 — 7.8 11.0 18.8 (2.8) 2008, 2013 2011 Hokulei Street (HI) — 16.9 36.5 2.9 — 17.0 39.3 56.3 (6.2) 2015 2018 Kahului Shopping Center (HI) — — — 3.3 — 0.6 2.7 3.3 (1.9) 1951 1951 Kailua Retail Other (HI) — 85.1 73.8 23.2 — 87.1 95.0 182.1 (24.1) Various 2013 Kaneohe Bay Shopping Ctr. (HI) — — 13.4 4.0 — 0.9 16.5 17.4 (8.7) 1971 2001 Kunia Shopping Center (HI) — 2.7 10.6 3.2 — 3.0 13.5 16.5 (6.5) 2004 2002 Lanihau Marketplace (HI) — 9.4 13.2 2.9 — 9.4 16.1 25.5 (5.9) 1987 2010 Laulani Village (HI) 59.0 43.4 64.3 3.1 — 43.4 67.4 110.8 (10.0) 2012 2018 Manoa Marketplace (HI) 54.5 43.3 35.9 14.2 — 45.1 48.3 93.4 (8.3) 1977 2016 Napili Plaza (HI) — 9.4 8.0 2.1 — 10.0 9.5 19.5 (3.0) 1991 2003, 2013 Pearl Highlands Center (HI) 79.9 43.4 96.2 19.1 — 43.6 115.1 158.7 (31.0) 1992-1994 2013 Port Allen Marina Ctr. (HI) — — 3.4 1.1 — — 4.5 4.5 (2.7) 2002 1971 The Collection (HI) — 0.4 2.2 0.8 — 0.4 3.0 3.4 (0.5) 2017 2018 The Shops at Kukui'ula (HI) — 8.9 30.1 5.0 — 9.4 34.6 44.0 (9.8) 2009 2013 Waianae Mall (HI) — 17.4 10.1 9.6 — 18.0 19.1 37.1 (5.3) 1975 2013 Waipio Shopping Center (HI) — 24.0 7.6 2.5 — 24.5 9.6 34.1 (3.3) 1986, 2004 2009 Lau Hala Shops (HI) — — — 39.1 — 15.2 23.9 39.1 (4.5) 2018 2018 Ho'okele (HI) — — — 31.3 — 13.5 17.8 31.3 (3.2) 2017 2019 Puunene Shopping Center (HI) — 24.8 28.6 7.9 — 25.2 36.1 61.3 (7.0) 2017 2018 Queens' Marketplace (HI) — 20.4 58.9 1.5 — 20.3 60.5 80.8 (6.5) 2007 2019 Waipouli Town Center (HI) — 5.9 9.7 1.6 — 6.0 11.2 17.2 (1.4) 1980 2019 Other : Oahu Ground Leases (HI) — 235.5 0.1 0.1 — 235.7 — 235.7 — — — Other miscellaneous investments — 0.5 0.1 7.2 — 0.6 7.2 7.8 (5.7) — — Total $ 193.4 $ 730.9 $ 612.2 $ 247.2 $ — $ 771.7 $ 818.6 $ 1,590.3 $ (201.8) Description (amounts in millions) Encum- Land Buildings Improvements Carrying Costs Land Buildings Total (2) Accumulated Land Operations Segment Kapolei Business Park West $ — $ 6.2 $ — $ — $ — $ 6.2 $ — $ 6.2 $ — Kamalani — — — 5.2 — — 5.2 5.2 — Maui Business Park II — — — 22.1 — — 22.1 22.1 — Wailea — 24.5 — 9.5 (3.1) 21.9 9.0 30.9 — Other non-core landholdings — 7.2 — 2.1 (5.2) 2.2 1.9 4.1 (0.5) Total $ — $ 37.9 $ — $ 38.9 $ (8.3) $ 30.3 $ 38.2 $ 68.5 $ (0.5) (1) See Note 8 – Notes Payable and Other Debt to the consolidated financial statements. (2) The aggregate tax basis, at December 31, 2022, for the Commercial Real Estate segment and Land Operations segment assets was approximately $675.6 million. (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) Other property improvements: 3 – 35 years Reconciliation of Real Estate (in millions) 2022 2021 2020 Balance at beginning of year $ 1,653.2 $ 1,625.4 $ 1,619.3 Additions and improvements 24.5 45.4 20.4 Dispositions, retirements and other adjustments (13.9) (17.6) (14.3) Impairment of assets (5.0) — — Balance at end of year $ 1,658.8 $ 1,653.2 $ 1,625.4 Reconciliation of Accumulated Depreciation (in millions) 2022 2021 2020 Balance at beginning of year $ 180.5 $ 154.4 $ 127.5 Depreciation expense 28.6 27.3 27.4 Dispositions, retirements and other adjustments (6.8) (1.2) (0.5) Balance at end of year $ 202.3 $ 180.5 $ 154.4

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation, Principles of Consolidation and Rounding	Basis of Presentation and Principles of Consolidation: The Company presents its financial statements in accordance with accounting principles generally accepted in the United States ("GAAP") as outlined in the Financial Accounting Standard Board ("FASB") Accounting Standards Codification (the "Codification" or "ASC"). The Codification is the single source of authoritative accounting principles applied by nongovernmental entities in the preparation of financial statements in conformity with GAAP. The consolidated financial statements include the accounts of the Company (including all wholly-owned subsidiaries), as well as all other entities in which the Company has a controlling financial interest. Intercompany transactions and balances have been eliminated in consolidation. Significant investments in businesses, partnerships and limited liability companies in which the Company does not have a controlling financial interest, but the Company has the ability to exercise significant influence, are accounted for using the equity method. Rounding: Amounts in the consolidated financial statements and notes are rounded to the nearest tenth of a million. Accordingly, a recalculation of some per-share amounts and percentages, if based on the reported data, may result in differences.
Use of Estimates	Use of Estimates: The preparation of the consolidated financial statements in conformity with GAAP 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) litigation and contingencies, (iii) revenue recognition for long-term real estate developments, (iv) pension and postretirement estimates, and (v) income taxes. Future results could be materially affected if actual results differ from these estimates and assumptions.
Discontinued Operations	Discontinued Operations: In December 2022, in connection with the evaluation of strategic alternatives to monetize and dispose of Grace Pacific, the Company's Board of Directors authorized Management to complete a sale of Grace Pacific and the Company-owned quarry land on Maui (collectively, the “Grace Disposal Group”). As of December 31, 2022, the Company concluded that the plan to dispose of the Grace Disposal Group met the criteria for classification as held for sale and discontinued operations. Accordingly, the assets and liabilities associated with the Grace Disposal Group have been classified as held for sale in the consolidated balance sheets, its financial results have been classified as discontinued operations in the consolidated statements of operations and cash flows for all periods presented. Refer to Note 23 – Held for Sale and Discontinued Operations for additional information. All footnotes exclude discontinued operations unless otherwise noted. Discontinued Operations: The Company reports disposal groups as discontinued operations in the consolidated statements of operations when the criteria are met. The Company’s loss from discontinued operations for the years ended December 31, 2022, 2021 and 2020, included revenues and expenses associated with the Grace Disposal Group in addition to expenses associated with the resolution of liabilities from the Company’s former sugar operations. The results of operations are presented as discontinued operations in the consolidated statements of operations.
Segment Reclassifications	Segment Reclassifications: The Company continually monitors its reportable segments for changes in facts and circumstances to determine whether changes in the identification or aggregation of operating segments are necessary. During the fourth quarter of 2022, the Company progressed on its simplification efforts related to the divestiture of its materials & construction business. The Grace Disposal Group, which was reclassified as held for sale and discontinued operations for all periods presented, made up the majority of activity in the Company’s former Materials and Construction ("M&C") segment. Accordingly, the former M&C segment has been eliminated and the segment information presented herein excludes the results of the Grace Disposal Group for all periods presented. As a result of this strategic shift, the chief operating decision maker began reviewing all investments in unconsolidated affiliates together within the Land Operations segment. This change resulted in a reorganization to present the income (loss) related to one joint venture which historically was included in the results of the former M&C segment to now be included in the results of the Land Operations segment. The segment disclosures in this filing have been recast to reflect these changes and therefore differ from prior period quarterly and annual filings to conform to the current year presentation. Refer to Note 20 – Segment Results for additional information.
Real estate property, net and Other property, net	Real estate property, net: Real estate property, net primarily represents long-lived physical assets associated with the CRE segment's leasing activity (e.g., improved property leases and ground leases); it also includes landholdings and related assets in the Land Operations segment that the Company holds for either possible future development or future monetization as part of its simplification strategy. The balance primarily consists of land, buildings and improvements and is recorded at cost, net of accumulated depreciation. Expenditures for additions, improvements and other enhancements to real estate properties are capitalized, and minor replacements, maintenance and repairs that do not improve or extend asset lives are charged to expense as incurred. When assets related to real estate properties are retired or otherwise disposed of, the related cost and accumulated depreciation is removed from the accounts and any resulting gain or loss is included in results of operations for the respective period. Certain costs are capitalized related to the development and redevelopment of real estate properties, including pre-construction costs; real estate taxes; insurance; construction costs; attributable interest expense; and salaries, and related costs of personnel directly involved. Additionally, the Company makes estimates as to the probability of certain development and redevelopment projects being completed. If the Company determines the development or redevelopment is no longer probable of completion, the Company expenses all capitalized costs which are not recoverable. Other property, net: Other property, net represents all other long-lived physical assets other than those presented in Real estate property, net and Real estate developments. The balance primarily consists of corporate long-lived physical assets and Land Operations long-lived physical assets that are used in other Land Operations activities and are not included in Real estate property, net or Real estate developments in the accompanying consolidated balance sheets. Other property, net is stated at cost, net of accumulated depreciation. Expenditures for major renewals and betterments are capitalized. Replacements, maintenance and repairs that do not improve or extend asset lives are expensed as incurred.
Acquisitions of real estate properties	Acquisitions of real estate properties: Acquisitions of real estate properties are evaluated to determine if they should be accounted for as asset acquisitions or business combinations (under current guidance, acquisitions of real estate properties are generally considered asset acquisitions). Under asset acquisition accounting, the Company estimates the fair value of acquired tangible assets (e.g., land, buildings and tenant improvements), identifiable intangible assets (e.g., in-place leases and favorable leases) and liabilities (e.g., unfavorable leases and assumed debt) based on an evaluation of available information at the date of the acquisition. Based on these estimates, the purchase consideration is allocated to the acquired assets and assumed liabilities. Transaction costs incurred during the acquisition process are capitalized as a component of the purchase consideration. Upon the closing of a business combination, after identifying all tangible and intangible assets and liabilities, the excess consideration paid over the fair value of the assets and liabilities acquired and assumed, respectively, represents goodwill. In estimating the fair value of the tangible and intangible assets acquired and liabilities assumed, the Company considers information obtained about each property as a result of its due diligence and marketing and leasing activities and uses various valuation methods, such as estimated cash flow projections using appropriate discount and capitalization rates, analysis of recent comparable sales transactions, estimates of replacement costs net of depreciation and other available market information. The fair value of the tangible assets of an acquired property considers the value of the property as if it were vacant. Values for favorable leases acquired and unfavorable leases assumed are estimated based on the present value (using a discount rate reflecting the risks associated with leases acquired) of the difference between: (i) the contractual amounts to be paid pursuant to the leases negotiated and in-place at the time of acquisition and (ii) management’s estimate of fair market lease rates for the property or an equivalent property, measured over a period equal to the remaining term of the lease for favorable leases and the initial term plus the estimated term of any below-market, fixed-rate renewal options for unfavorable leases. The assets recognized and liabilities assumed are amortized to revenue over the related lease term plus fixed-rate renewal options, as appropriate. The purchase price is further allocated to in-place lease values and tenant relationship values based on management's evaluation of the specific characteristics of the acquired lease portfolio and the Company's overall relationship with the anchor tenants. Such amounts are amortized to expense over the remaining initial lease term (and expected renewal periods for tenant relationships).
Real estate developments	Real estate developments: Real estate developments represent certain costs capitalized and presented in the Land Operations segment that relate to (i) active real estate development projects and other land intended for sale or (ii) potential future real estate development projects intended for lease that would be part of future CRE segment operations. For potential future real estate development projects intended for lease, when management with the relevant authority has approved expenditures for activities clearly associated with the development and construction of a CRE segment project, the capitalized costs associated with such project (e.g., historical cost of land) will be included in Real estate property, net in the accompanying consolidated balance sheets. Certain costs capitalized relating to active real estate development projects intended for sale may include pre-construction costs (e.g., costs related to land acquisition); construction costs (e.g., grading, roads, water and sewage systems, landscaping and project amenities); direct overhead costs (e.g., utilities, maintenance, insurance and real estate taxes); capitalized interest; and salaries and related costs of personnel directly involved. 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. Direct overhead costs incurred after the development project is substantially complete and ready to be marketed are charged to selling, general and administrative expense as incurred. All indirect overhead costs are charged to selling, general and administrative costs as incurred. Cash flows related to active real estate development projects and other land intended for sale are classified as operating activities in the consolidated statements of cash flows.
Capitalized Interest	Capitalized Interest: Interest costs on developments and major redevelopments are capitalized as part of real estate development and redevelopment projects that have not yet been placed into service. Capitalization of interest commences when development activities and expenditures begin and end when the asset is substantially complete and ready for its intended use or ready to be marketed.
Depreciation and Amortization	Depreciation and Amortization: Depreciation and amortization is computed using the straight-line method over the estimated useful lives of the assets.
Intangible Assets	Intangible Assets: Real estate intangible assets are included in Real estate intangible assets, net in the accompanying consolidated balance sheets and are generally related to the acquisition of commercial real estate properties.
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.
Restricted Cash	Restricted Cash: The Company's historical restricted cash balances have been primarily composed of proceeds from §1031 of the Internal Revenue Code of 1986, as amended (the "Code") tax-deferred sales held in escrow pending future use in acquisitions of replacement real estate assets (if within the required time period).
Allowance for Credit Losses	Allowance for Credit Losses : The Company estimates its allowance for credit losses for financial assets within the scope of ASC Topic 326, Financial Instruments - Credit Losses ("ASC 326"), at portfolio levels which include the CRE segment and the Land Operations segment. Within these portfolio levels, the Company develops expected credit loss estimates by security type (which may include financing receivables or contract assets recognized in contracts with customers) by factoring historical loss information; information on both current conditions and reasonable and supportable forecasts of future conditions that may not be reflected in historical loss information; and other relevant credit quality information for the respective securities. As part of this process, the Company analyzes relevant information on a collective (pool) basis for securities with similar risk characteristics or separately on an individual basis when a financial asset does not share risk characteristics with other financial assets. The portfolios of financial assets within the scope of ASC 326 relating to the CRE and Land Operations segments include financing receivables (i.e., notes receivable), which are primarily composed of historical development and other land-related transactions. The assets in these portfolios are analyzed on an individual basis, in which the Company considers certain, available information specific to the counterparties to the transactions (e.g., liquidity and solvency of the counterparties) and environmental factors that are relevant in the assessment of the expected collectability of the future cash flows for these assets (e.g., changes and expected changes in the general economic environment in which the counterparty operates). For these assets, the Company uses a discounted cash flow method to calculate the allowance for credit losses using the asset's effective interest rate.
Allowance for Doubtful Accounts and Other receivables, net	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 of the Company’s customers and their payment history, which are regularly monitored by the Company. Other receivables, net : Other receivables, net are primarily composed of notes receivable recorded at cost less allowances for credit losses on the consolidated balance sheets.
Inventories	Inventories: Inventories related to trucking services within the Land Operations segment are stated at the lower of cost (principally average cost, first-in, first-out basis) or net realizable value. As of December 31, 2022 and 2021, inventories consisted of parts, materials, and supplies and were $0.4 million and $0.5 million, respectively.
Goodwill	Goodwill: The Company reviews goodwill for impairment at the reporting unit level annually or between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying amount. The goodwill impairment test estimates the fair value of a reporting unit using an income approach that is based on a discounted cash flow analysis. The discounted cash flow approach relies on a number of assumptions, including future macroeconomic conditions, market factors specific to the reporting unit, the amount and timing of estimated future cash flows to be generated by the business over an extended period of time and a discount rate that considers the risks related to the amount and timing of the cash flows, among others. The Company classified these fair value measurements as Level 3. If the results of the Company's test indicates that a reporting unit's estimated fair value is less than its carrying value, an impairment charge is recognized for the amount by which the carrying amount exceeds the reporting unit's fair value, not to exceed the total amount of goodwill allocated to that reporting unit.
Assets and Liabilities Held for Sale and Impairment of Long-Lived Assets Held and Used and Finite-Lived Intangible Assets	Assets and Liabilities Held for Sale : Assets and liabilities to be disposed of by sale ("disposal groups") are reclassified into Assets held for sale and Liabilities associated with assets held for sale on our consolidated balance sheets. The reclassification occurs when all the held for sale criteria have been met. Disposal groups are measured at the lower of carrying value or fair value less costs to sell and are not depreciated or amortized. The fair value of a disposal group, less any costs to sell, is assessed each reporting period it remains classified as held for sale and any remeasurement to the lower of carrying value or fair value less costs to sell is reported as an adjustment to the carrying value. Assets and liabilities as of December 31, 2022 and 2021, associated with the Grace Disposal Group were reclassified as held for sale in the consolidated balance sheets for all periods presented. The Grace Disposal Group includes financing leases that are secured by the associated leased heavy equipment and a revolving credit facility maintained by GLP Asphalt, a consolidated joint venture that is part of the Grace Disposal Group. The credit facility is collateralized by GLP Asphalt inventory and accounts receivable, and can only be used to finance GLP Asphalt working capital needs, including, the purchase of liquid asphalt. The Company does not expect the revolving credit facility to represent an obligation of the Company upon completion of a sale. Liabilities related to the cessation of sugar operations are presented within Accrued and other liabilities in the consolidated balance sheets.
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.
Fair Value Measurements	Fair Value Measurements: ASC Topic 820, Fair Value Measurements and Disclosures ("ASC 820"), as amended, establishes a fair value hierarchy, which requires the Company 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 Company’s 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.
Revenue Recognition and Leases	Revenue Recognition and Leases - The Company as a Lessor: Sources of revenue for the Company primarily include commercial property rentals, sales of real estate and real estate development projects. The Company generates revenue from its two distinct segments: Commercial Real Estate: The Commercial Real Estate segment owns, operates, leases, and manages a portfolio of retail, office, and industrial properties in Hawai‘i; it also leases urban land in Hawai‘i to third-party lessees. Commercial Real Estate revenue is recognized under lease accounting guidance with the Company as lessor.
Leases - The Company as Lessor	Leases - The Company as Lessor : The Company reviews its contracts to determine if they qualify as a lease. A contract is determined to be a lease when the right to substantially all of the economic benefits and to direct the use of an identified asset is transferred to a customer over a defined period of time for consideration. During this review, the Company evaluates among other items, asset specification, substitution rights, purchase options, operating rights and control over the asset during the contract period. The Company has lease agreements with lease and non-lease components, which are generally accounted for separately under ASC Topic 606, Revenue from Contracts with Customers . The Company has elected the practical expedient to not separate non-lease components from lease components for all classes of underlying assets where the component follows the same timing and pattern as the lease component and the lease component is classified as an operating lease. Non-lease components included in rental revenue primarily consist of tenant reimbursements for common area maintenance and other services paid for by the lessor and utilized by the lessee. Under the practical expedient, the Company accounts for the single, combined component under leasing guidance as the lease component is the predominant component in the contract. Rental revenue is primarily derived from operating leases and, therefore, is generally recognized on a straight-line basis over the term of the lease. Fixed contractual payments from the Company's leases are recognized on a straight-line basis over the terms of the respective leases. Straight-line rental revenue commences when the customer assumes control of the leased premises. The accrued straight-line receivable represents the amount by which straight-line rental revenue exceeds rents currently billed in accordance with lease agreements. Certain of the Company's lease agreements include terms for contingent rental revenue (e.g., percentage rents based on tenant sales volume) and tenant reimbursed property taxes, which are both accounted for as variable payments. Certain of the Company's leases include termination and/or extension options. Termination options allow the customer to terminate the lease prior to the end of the lease term under specific circumstances. The Company's extension options generally require a re-negotiation with the customer at market rates. Initial direct costs, primarily commissions, related to the leasing of properties are capitalized on the balance sheet and amortized over the lease term. All other costs to negotiate or arrange a lease are expensed as incurred. Accounts receivable related to leases are regularly evaluated for collectability, considering factors including, but not limited to, the credit quality of the customer, historical trends of the customer, and changes in customer payment terms. Upon determination that the collectability of a customer receivable is not probable, the Company will reverse the receivable and any accrued straight-line receivable and record a corresponding reduction of revenue previously recognized. Subsequent revenue is recorded on a cash basis until collectability on related billings becomes probable. Upon determination that portions of a tenant's receivables are not probable of collection (e.g., due to current conditions impacting specific amounts), the Company will record an allowance for doubtful accounts for the recorded operating lease receivable and record a corresponding adjustment of revenue previously recognized. In April 2020, the FASB staff issued a question-and-answer document focusing on lease concessions related to the effects of the 2019 coronavirus ("COVID-19") and the application of lease accounting guidance related to modifications (the "Lease Modification Q&A"). See Note 12 – Leases - The Company as a Lessor for further discussion on the impact of
Land Operations, Materials and Construction	Land Operations: Revenues from sales of real estate are recognized at the point in time when control of the underlying goods is transferred to the customer and the payment is due (generally on the closing date). For certain development projects, the Company will use a percentage of completion for revenue recognition. Under this method, the amount of revenue recognized is based on the development costs that have been incurred throughout the reporting period as a percentage of total expected development costs associated with the development project. In evaluating the expected development costs associated with a development project, significant estimates and considerable judgments by management are involved. The Company deems its contract prices reflective of the standalone selling prices of the underlying goods and services since the contracts are required to go through a competitive bidding process. On a consolidated basis, in addition to disclosing amounts recorded as contract assets or contract liabilities in its consolidated balance sheets, the Company discloses information about the amount of contract consideration allocated to either wholly unsatisfied or partially satisfied performance obligations (see Note 11 – Revenue and Contract Balances). Related to this disclosure, the Company has elected to not disclose information about the amount of contract consideration allocated to remaining performance obligations for certain contracts that have original expected durations of one year or less. This may occur with contracts for sales of real estate that are executed as of the end of the period with control of the underlying assets to be transferred to the customer subsequent to the end of the period. The closing date of such transactions will generally occur within one year or less of the contract execution date.
Leases - The Company as Lessee	Leases - The Company as Lessee: The Company determines if an arrangement is a lease at inception by considering whether that arrangement conveys the right to use an identified asset for a period of time in exchange for consideration. Operating leases are included in Operating lease right-of-use assets ("ROU assets") and Operating lease liabilities ("lease liabilities") in the Company's consolidated balance sheets. ROU assets and lease liabilities related to finance leases are included in Real estate property, net and Notes payable and other debt , respectively, in the Company's consolidated balance sheets. ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company's leases do not provide an implicit rate and are not readily determinable, the Company uses its incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. ROU assets also include any lease payments made at or before the commencement date and excludes any lease incentives received. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Operating lease expense for lease payments is recognized on a straight-line basis over the lease term. In connection with its application of the lease guidance, the Company has evaluated the lease and non-lease components within its leases where it is the lessee and has elected, for all classes of underling assets, the practical expedient to present lease and non-lease components in its lease agreements as one component. The Company has also elected, for all classes of underlying assets, to not recognize lease liabilities and lease assets for leases with a term of 12 months or less.
Impairment of Investments in Affiliates	Impairment of Investments in Affiliates: The Company's investments in affiliates that are accounted for under the equity method are reviewed for impairment whenever there is evidence that fair value may be below carrying cost. An
Share-Based Compensation	Share-Based Compensation: The Company records compensation expense for all share-based payment awards made to employees and directors.
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 rate trends. 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 15 – 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.
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 accompanying consolidated statements of operations. Refer to Note 16 – Income Taxes for further discussion.
Earnings Per Share (''EPS'')	Earnings Per Share (“EPS”): Basic and diluted earnings per share are computed and disclosed in accordance with ASC 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.
Recently issued accounting pronouncements	Recently issued accounting pronouncements In March 2020, the FASB issued Accounting Standards Update ("ASU") No. 2020-04, Reference Rate Reform , establishing ASC Topic 848, and amended the standard thereafter through ASU No. 2021-01 and ASU No. 2022-06 (collectively, "ASC 848"). ASC 848 provides optional practical expedients and exceptions related to the impacts of reference rate reform that affect certain debt, leases, derivatives and other contracts if certain criteria are met. The amendments apply only to contracts and hedging relationships that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. These amendments are effective immediately and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2024. Reference rate reform has not had a material impact on any of the Company's existing contracts, therefore, the Company has not elected to apply any of the optional practical expedients and exceptions under ASC 848 as of the current date. The Company will assess future changes in its contracts and the impact of electing to apply the optional practical expedients and exceptions provided by ASC 848 as they occur, but does not expect their application will have a material effect on its financial position or results of operations.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of Other Property and Estimated Useful Lives of Property	Estimated useful lives of property are as follows: Classification Range of Life (in years) Building and improvements 10 to 40 Leasehold improvements 5 to 10 (lesser of useful life or lease term) Water, power and sewer systems 5 to 50 Machinery and equipment 2 to 35 Other property improvements 3 to 35 Real estate property, net as of December 31, 2022 and 2021, includes the following (in millions): 2022 2021 Land $ 780.0 $ 784.9 Buildings 719.6 709.4 Other property improvements 99.3 93.9 Subtotal 1,598.9 1,588.2 Accumulated depreciation (202.3) (180.5) Real estate property, net $ 1,396.6 $ 1,407.7 Other property, net, as of December 31, 2022 and 2021, was as follows (in millions): 2022 2021 Land $ 0.2 $ 0.3 Buildings 6.4 6.3 Machinery and equipment 4.4 8.3 Water, power and sewer systems 0.5 21.0 Other property improvements — 1.5 Subtotal 11.5 37.4 Accumulated depreciation (9.0) (19.5) Other property, net $ 2.5 $ 17.9
Schedule of Interest and Other Income (Expense)	Interest and other income (expense), net for the years ended December 31, 2022, 2021 and 2020, included the following (in millions): 2022 2021 2020 Pension and post-retirement benefit (expense) $ (0.6) $ (3.0) $ (2.6) Interest income 0.3 1.0 1.6 Other income (expense), net 0.7 0.3 0.9 Interest and other income (expense), net $ 0.4 $ (1.7) $ (0.1)

Real Estate Property, Net and_2

Real Estate Property, Net and Other Property, Net (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of Real Estate Property, Net	Estimated useful lives of property are as follows: Classification Range of Life (in years) Building and improvements 10 to 40 Leasehold improvements 5 to 10 (lesser of useful life or lease term) Water, power and sewer systems 5 to 50 Machinery and equipment 2 to 35 Other property improvements 3 to 35 Real estate property, net as of December 31, 2022 and 2021, includes the following (in millions): 2022 2021 Land $ 780.0 $ 784.9 Buildings 719.6 709.4 Other property improvements 99.3 93.9 Subtotal 1,598.9 1,588.2 Accumulated depreciation (202.3) (180.5) Real estate property, net $ 1,396.6 $ 1,407.7 Other property, net, as of December 31, 2022 and 2021, was as follows (in millions): 2022 2021 Land $ 0.2 $ 0.3 Buildings 6.4 6.3 Machinery and equipment 4.4 8.3 Water, power and sewer systems 0.5 21.0 Other property improvements — 1.5 Subtotal 11.5 37.4 Accumulated depreciation (9.0) (19.5) Other property, net $ 2.5 $ 17.9

Acquisitions and Intangible A_2

Acquisitions and Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2022
Real Estate [Abstract]
Schedule of Asset Acquisition	The allocation of purchase price to the aggregate assets acquired in connection with the two commercial real estate acquisitions in 2021 was as follows (in millions): Fair value of assets acquired Assets acquired: Land $ 8.8 Property and improvements 2.0 Total assets acquired $ 10.8
Schedule of Intangible Assets	Real estate intangible assets, net and other intangible assets included in Prepaid expenses and other assets as of December 31, 2022 and 2021 were as follows (in millions): 2022 2021 In-place leases $ 75.0 $ 124.8 Favorable leases 15.2 29.0 Accumulated amortization of in-place leases (38.8) (81.9) Accumulated amortization of favorable leases (7.8) (20.3) Real estate intangible assets, net $ 43.6 $ 51.6 Other intangible assets $ 0.6 $ 3.2 Accumulated amortization of other intangible assets (0.6) (3.2) Other intangible assets, net $ — $ —
Schedule of Estimated Future Amortization Expenses	Estimated amortization expenses related to intangible assets over the next five years are as follows (in millions): Estimated 2023 $ 7.1 2024 5.8 2025 5.4 2026 3.8 2027 3.6

Investments in Affiliates (Tabl

Investments in Affiliates (Tables)	12 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Financial Information for Equity Method Investments	A summary of combined assets and liabilities reported by such entities accounted for by the equity method as of December 31, 2022 and 2021, were as follows (in millions): 2022 2021 Current assets $ 56.5 $ 65.2 Non-current assets 240.0 203.5 Total assets $ 296.5 $ 268.7 Current liabilities $ 26.3 $ 25 Non-current liabilities 121.1 88.3 Total liabilities $ 147.4 $ 113.3 A summary of combined operating results reported by such entities accounted for by the equity method for each of the years ended December 31, 2022, 2021 and 2020, were as follows (in millions): 2022 2021 2020 Revenues $ 130.0 $ 231.1 $ 164.2 Operating costs and expenses 118.4 204.1 137.0 Gross Profit (Loss) $ 11.6 $ 27.0 $ 27.2 Income (Loss) from Continuing Operations 1 $ 1.6 $ (287.9) $ 15.3 Net Income (Loss) 1 $ 1.3 $ (288.1) $ 14.9 1 Includes earnings from equity method investments held by the investee.

Allowance and Other Reserves (T

Allowance and Other Reserves (Tables)	12 Months Ended
	Dec. 31, 2022
Credit Loss [Abstract]
Schedule of Changes in Allowance for Doubtful Accounts	The following table presents the balances and activity (including reclassifications) in the various allowance and reserve accounts related to the Company's accounts receivable and financial assets for the three years ended December 31, 2022, 2021 and 2020, (in millions): Balance at beginning of year Impact of adoption of ASC 326 1 Impact of adoption of ASC 326 2 Additions/(Reductions) 3 Deductions or other 4 Balance at end of year Year ended December 31, 2022 Deducted from assets Reserve for cash basis tenants $ 11.1 $ — $ — $ (1.2) $ (3.0) $ 6.9 Allowance for doubtful accounts $ 0.8 — — 0.2 1.4 $ 2.4 Allowance for credit losses - financing receivables $ 2.5 — — 0.2 — $ 2.7 Year ended December 31, 2021 Deducted from assets Reserve for cash basis tenants $ 12.7 $ — $ — $ (1.3) $ (0.3) $ 11.1 Allowance for doubtful accounts $ 2.6 — — (1.7) (0.1) $ 0.8 Allowance for credit losses - financing receivables $ 3.9 — — (1.4) — $ 2.5 Year ended December 31, 2020 Deducted from assets Reserve for cash basis tenants $ 0.9 — — 10.6 1.2 $ 12.7 Allowance for doubtful accounts $ 0.6 (0.3) — 3.6 (1.3) $ 2.6 Allowance for credit losses - financing receivables $ — 1.6 2.7 (0.4) — $ 3.9 Loans allowance $ 1.6 (1.6) — — — $ — Other reserves $ 0.4 — — — (0.4) $ — 1 Reclassifications from other reserves or allowances that fall into the scope of ASC 326. 2 Impact of adoption of ASC 326 recorded against total equity. 3 Net provisions charged against income. 4 Write-offs or other activity (e.g., reclassifications for movement of allowances to cash basis reserves).

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following tables present the fair value of those assets and (liabilities) measured on a recurring basis as of December 31, 2022 and 2021, (in millions): Fair Value Measurements at December 31, 2022 Consolidated Balance Sheet Location Total Quoted Prices in Active Markets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Derivative financial instruments - interest rate swaps Prepaid expenses and other assets $ 5.5 $ — $ 5.5 $ — Liabilities Derivative financial instruments - interest rate swaps Accrued and other liabilities $ (2.8) $ — $ (2.8) $ — Fair Value Measurements at December 31, 2021 Consolidated Balance Sheet Location Total Quoted Prices in Active Markets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Liabilities Derivative financial instruments - interest rate swaps Accrued and other liabilities $ (2.2) $ — $ (2.2) $ —
Schedule of Fair Value of the Impairment of Long-lived Assets Held	The following tables present quantitative information about the significant unobservable inputs used to determine the fair value of the impairment of long-lived assets held and used and assets held for sale, net for the years ended December 31, 2022 and 2021, (in millions): Quantitative Information about Level 3 Fair Value Measurements Effective Date Fair Value Impairment Loss Valuation Technique/ Unobservable Inputs Weighted Average Discount Rate 2022 Assets held for sale, net 1,2 December 31, 2022 $ 50.0 $ 89.8 Indicative bids N/A Long-lived assets 3 December 31, 2022 — 5.0 Discounted cash flows 16% Market comparables N/A Total $ 50.0 $ 94.8 2021 Long-lived assets 1 December 31, 2021 $ 27.3 $ 24.3 Discounted cash flows 13% Goodwill 1 December 31, 2021 — 1.8 N/A N/A Investment in unconsolidated affiliate 1 December 31, 2021 2.1 2.9 Discounted cash flows 13% Total $ 29.4 $ 29.0 1 Assets or liabilities are presented in Assets held for sale or Liabilities associated with assets held for sale , respectively, in the Consolidated Balance Sheets. Impairment loss is presented in Income (loss) from discontinued operations, net of income taxes in the Consolidated Statements of Operations. 2 Assets held for sale of $126.8 million, net of liabilities associated with assets held for sale of $81.0 million, and excluding estimated selling costs of $4.2 million. 3 Included in Real estate property in the Consolidated Balance Sheets. Impairment loss is presented in Cost of Land Operations in the Consolidated Statements of Operations.

Notes Payable and Other Debt (T

Notes Payable and Other Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Notes Payable and Long-term Debt	, Notes payable and other debt consisted of the following (in millions): Principal Outstanding Debt Interest Rate (%) Maturity Date December 31, 2022 December 31, 2021 Secured: Laulani Village 3.93% 2024 $ 59.0 $ 60.2 Pearl Highlands 4.15% 2024 77.3 79.4 Photovoltaic Financing (1) 2027 2.6 — Manoa Marketplace (2) 2029 54.5 56.3 Subtotal $ 193.4 $ 195.9 Unsecured: Series A Note 5.53% 2024 14.2 21.3 Series J Note 4.66% 2025 10.0 10.0 Series B Note 5.55% 2026 36.0 45.0 Series C Note 5.56% 2026 11.0 13.0 Series F Note 4.35% 2026 15.2 15.2 Series H Note 4.04% 2026 50.0 50.0 Series K Note 4.81% 2027 34.5 34.5 Series G Note 3.88% 2027 28.1 28.1 Series L Note 4.89% 2028 18.0 18.0 Series I Note 4.16% 2028 25.0 25.0 Term Loan 5 4.30% 2029 25.0 25.0 Subtotal $ 267.0 $ 285.1 Revolving Credit Facilities: A&B Revolver (3) 2025 12.0 50.0 Subtotal $ 12.0 $ 50.0 Total debt (contractual) $ 472.4 $ 531.0 Unamortized debt issuance costs (0.2) (0.2) Total debt (carrying value) $ 472.2 $ 530.8 (1) Financing lease has a discount rate of 4.14%. (2) Loan has a stated interest rate of LIBOR plus 1.35%, but is swapped through maturity to a 3.14% fixed rate. (3) Loan has a stated interest rate of LIBOR plus 1.05% based on pricing grid. $50.0 million was swapped through June 2022 to a 2.40% fixed rate.
Schedule of Debt Principal Payments	At December 31, 2022, debt principal payments and maturities during the next five years and thereafter and the corresponding amount of unamortized deferred financing costs or debt discounts or premiums were as follows (in millions): Scheduled Principal Payments 2023 2024 2025 2026 2027 Thereafter Total Principal (Unamort Total Secured debt $ 5.4 $ 134.9 $ 2.1 $ 2.2 $ 3.8 $ 45.0 $ 193.4 $ — $ 193.4 Unsecured debt 29.6 27.0 38.3 67.0 37.1 68.0 267.0 (0.2) 266.8 Revolving credit facilities — — 12.0 — — — 12.0 — 12.0 Total Notes payable and other debt $ 35.0 $ 161.9 $ 52.4 $ 69.2 $ 40.9 $ 113.0 $ 472.4 $ (0.2) $ 472.2

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Interest Rate Swap	As of December 31, 2022, the Company had three interest rate swap agreements designated as cash flow hedges, two of which were forward interest rate swap agreements. As of December 31, 2021, there were two interest rate swap agreements designated as cash flow hedges, neither of which were forward interest rate swap agreements. The key terms of the agreements are as follows (dollars in millions): Effective Maturity Fixed Interest Notional Amount at Asset (Liability) Fair Value at Date Date Rate December 31, 2022 December 31, 2022 December 31, 2021 Interest Rate Swap Agreements 4/7/2016 8/1/2029 3.14% $ 54.5 $ 5.5 $ (1.7) 2/13/2020 2/27/2023 (1) $ — $ — $ (0.5) Forward Interest Rate Swap Agreements 5/1/2024 12/9/2031 4.88% $ 57.0 $ (1.3) $ — 12/9/2024 12/9/2031 4.83% $ 73.0 $ (1.5) $ — (1) $50.0 million in notional interest rate swap was terminated on June 30, 2022, resulting in a realized gain of $0.5 million included within Interest and other income (expense), net .
Schedule of Derivative Instruments in Consolidated Statements of Comprehensive Income (Loss)	The following table represents the pre-tax effect of the derivative instruments in the Company's consolidated statement of comprehensive income (loss) during the years ended December 31, 2022 and 2021, (in millions): 2022 2021 Derivatives in Designated Cash Flow Hedging Relationships: Amount of gain (loss) recognized in OCI on derivatives $ 4.9 $ 2.3 Impact of reclassification adjustment to interest expense included in Net Income (Loss) $ 0.5 $ 1.6 Realized interest rate hedging gain (loss) $ (0.5) $ —

Revenue and Contract Balances (

Revenue and Contract Balances (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	Revenue by type for the years ended December 31, 2022, 2021 and 2020, was as follows (in millions): 2022 2021 2020 Revenues: Commercial Real Estate $ 187.2 $ 174.1 $ 151.6 Land Operations: Development sales revenue 8.1 16.0 7.9 Unimproved/other property sales revenue 19.9 41.3 9.7 Other operating revenue 15.3 22.6 21.1 Land Operations 43.3 79.9 38.7 Total revenues $ 230.5 $ 254.0 $ 190.3
Schedule of Information about Receivables, Contract Assets and Contract Liabilities from Contracts with Customers	The following table provides information about receivables, contract assets and contract liabilities from contracts with customers as of December 31, 2022 and 2021 (in millions): 2022 2021 Accounts receivable $ 8.6 $ 3.0 Allowances (credit losses and doubtful accounts) (2.5) (0.8) Accounts receivable, net of allowance for credit losses and allowance for doubtful accounts $ 6.1 $ 2.2 Variable consideration 1 $ 62.0 $ 62.0 Other deferred revenue $ 6.8 $ 6.3 1 Variable consideration deferred as of the end of the periods related to amounts received in the sale of agricultural land on Maui in 2018 that, under revenue recognition guidance, could not be included in the transaction price.

Leases - The Company as Lessor

Leases - The Company as Lessor (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of Historical Cost and Accumulated Depreciation of Leased Property	The historical cost of, and accumulated depreciation on, leased property as of December 31, 2022 and 2021, was as follows (in millions): 2022 2021 Leased property - real estate $ 1,572.0 $ 1,562.8 Less accumulated depreciation (201.8) (182.1) Property under operating leases - net $ 1,370.2 $ 1,380.7
Schedule of Rental Income Under Non-cancelable Operating Leases	Total rental income (i.e., revenue) under these operating leases relating to lease payments and variable lease payments were as follows (in millions): 2022 2021 2020 Lease payments $ 130.8 $ 122.7 $ 99.1 Variable lease payments 59.3 55.8 53.3 Total rental income $ 190.1 $ 178.5 $ 152.4
Schedule of Future Minimum Rentals on Non-cancelable Operating Leases	Contractual future lease payments to be received on non-cancelable operating leases as of December 31, 2022, were as follows (in millions): 2023 $ 124.5 2024 113.5 2025 96.6 2026 83.9 2027 73.0 Thereafter 554.6 Total future lease payments to be received $ 1,046.1

Leases - The Company as Lessee

Leases - The Company as Lessee (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Lease Cost and Other Amounts Relating to Finance and Operating Leases	Lease expense for operating leases that provide for future escalations are accounted for on a straight-line basis. For the years ended December 31, 2022 and 2021, lease expense under operating and finance leases was as follows (in millions): 2022 2021 2020 Lease cost - operating and finance leases: Operating lease cost $ 2.7 $ 2.5 $ 2.5 Finance lease cost: Amortization of right-of-use assets 0.1 — — Total lease cost - operating and finance leases $ 2.8 $ 2.5 $ 2.5 Other amounts relating to leases segregated between those for finance and operating leases include the following for the years ended December 31, 2022 and 2021 (dollars in millions): 2022 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 2.7 $ 2.5 $ 2.4 Operating cash outflows from financing leases $ — $ — $ — Financing cash flows from finance leases $ 0.1 $ — $ — Other details: Weighted-average remaining lease term (years) - operating leases 3.0 3.7 4.6 Weighted-average remaining lease term (years) - finance leases 4.8 0.0 0.0 Weighted-average discount rate - operating leases 4.2 % 4.4 % 4.4 % Weighted-average discount rate - finance leases 4.1 % — % — %
Schedule of Finance Leases Maturities	Future lease payments under non-cancelable operating and finance leases as of December 31, 2022, were as follows (in millions): Operating Leases Finance Leases 2023 $ 2.6 $ 0.2 2024 2.1 0.2 2025 0.7 0.2 2026 0.6 0.2 2027 0.2 1.8 Thereafter 0.4 — Total lease payments $ 6.6 $ 2.6 Less: Interest (1.7) — Total lease liabilities $ 4.9 $ 2.6
Schedule of Operating Leases Maturities	Future lease payments under non-cancelable operating and finance leases as of December 31, 2022, were as follows (in millions): Operating Leases Finance Leases 2023 $ 2.6 $ 0.2 2024 2.1 0.2 2025 0.7 0.2 2026 0.6 0.2 2027 0.2 1.8 Thereafter 0.4 — Total lease payments $ 6.6 $ 2.6 Less: Interest (1.7) — Total lease liabilities $ 4.9 $ 2.6
ROU Assets and Lease liabilities related to Balance Sheets Information	ROU assets and lease liabilities related to operating leases are presented separately on the consolidated balance sheets. Information for finance leases as of the years ended December 31, 2022 and 2021, were as follows (in millions): Consolidated Balance Sheet Location 2022 2021 Assets ROU assets Real estate property, net $ 2.6 $ — Liabilities Lease liabilities Notes payable and other debt $ 2.6 $ —

Share-Based Payment Awards (Tab

Share-Based Payment Awards (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Non-vested Restricted Stock Unit Activity	The following table summarizes non-vested restricted stock unit activity for the year ended December 31, 2022, (in thousands, except weighted-average grant-date fair value amounts): Restricted Weighted- Outstanding, January 1, 2022 677.7 $ 21.26 Granted 306.3 $ 25.56 Vested (305.1) $ 24.30 Canceled (116.5) $ 21.84 Outstanding, December 31, 2022 562.4 $ 21.83
Schedule of Fair Value Assumptions of Market-based Awards	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: 2022 Grants 2021 Grants 2020 Grants Volatility of A&B common stock 47.7 % 47.2 % 22.6 % Average volatility of peer companies 51.1 % 51.1 % 22.5 % Risk-free interest rate 1.4 % 0.2 % 1.3 %
Schedule of Compensation Cost related to Share-based Payments	A summary of compensation cost related to share-based payments is as follows for the years ended December 31, 2022, 2021 and 2020, (in millions): 2022 2021 2020 Share-based expense: Time-based and market-based restricted stock units $ 4.9 $ 5.9 $ 5.8 Total share-based expense 4.9 5.9 5.8 Total recognized tax benefit — — — Share-based expense (net of tax) $ 4.9 $ 5.9 $ 5.8 Cash received upon option exercise $ — $ 1.4 $ 3.5 Intrinsic value of options exercised $ — $ 0.6 $ 0.5 Tax benefit realized upon option exercise $ — $ — $ — Fair value of stock vested $ 5.6 $ 5.4 $ 3.0

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Schedule of Net Funded Status	The status of the funded defined benefit pension plan and the unfunded accumulated post-retirement benefit plans as of December 31, 2022 and 2021, and are shown below (in millions): Pension Benefits Other Post-retirement Benefits Non-qualified Plan Benefits 2022 2021 2022 2021 2022 2021 Change in Benefit Obligation Benefit obligation at beginning of year $ 227.2 $ 218.7 $ 12.6 $ 13.5 $ 3.1 $ 3.1 Service cost 1.4 1.2 0.1 0.1 — — Interest cost 0.7 5.1 0.4 0.3 0.1 — Plan participants’ contributions — — 0.6 0.7 — — Actuarial (gain) loss (44.5) 17.2 (2.2) (0.6) (0.6) — Benefits paid (13.9) (15.0) (1.2) (1.4) — — Settlement (170.9) — (2.2) — (0.6) — Benefit obligation at end of year $ — $ 227.2 $ 8.1 $ 12.6 $ 2.0 $ 3.1 Change in Plan Assets Fair value of plan assets at beginning of year $ 186.6 $ 200.6 $ — $ — $ — $ — Actual return on plan assets (27.1) (5.7) — — — — Employer contributions 25.3 6.7 2.8 0.7 0.6 — Participant contributions — — 0.6 0.7 — — Benefits paid (13.9) (15.0) (1.2) (1.4) — — Settlement (170.9) — (2.2) — (0.6) — Fair value of plan assets at end of year $ — $ 186.6 $ — $ — $ — $ — Funded Status (Recognized Liability 1 ) $ — $ (40.6) $ (8.1) $ (12.6) $ (2.0) $ (3.1) 1 Presented as Accrued pension and post-retirement benefits in the accompanying consolidated balance sheets as of December 31, 2022 and 2021.
Schedule of Weighted-Average and Target Asset Allocations	The Company’s weighted-average asset allocation as of December 31, 2021, was as follows: 2021 Fixed income securities 1 98 % Cash and cash equivalents 2 % Total 100 % 1 Fixed income securities include investment-grade corporate bonds from diversified industries and U.S. Treasuries.
Schedule of Allocation of Plan Assets	The fair values of the Company’s defined benefit pension plan assets as of December 31, 2021, by asset category, were as follows (in millions): Fair Value Measurements at December 31, 2021 Total Quoted Prices in Active Markets (Level 1) Significant Observable Inputs Asset Category Cash and cash equivalents $ 4.6 $ 4.6 $ — Assets measured at NAV 182.0 — — Total $ 186.6 $ 4.6 $ —
Schedule of Expected Benefit Payments	The estimated future benefit payments for the next ten years are as follows (in millions): 2023 2024 2025 2026 2027 2028-2032 Estimated Benefit Payments Post-retirement Benefits $ 0.6 $ 0.6 $ 0.6 $ 0.6 $ 0.6 $ 2.7 Non-qualified Plan Benefits — 0.5 1.6 — — — Total $ 0.6 $ 1.1 $ 2.2 $ 0.6 $ 0.6 $ 2.7
Schedule 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 income (loss) for the defined benefit pension plans and the post-retirement health care and life insurance benefit plans during the years ended December 31, 2022, 2021 and 2020, are shown below (in millions): Pension Benefits Other Post-retirement Benefits Non-qualified Plan Benefits Components of Net Periodic Benefit Cost 2022 2021 2020 2022 2021 2020 2022 2021 2020 Service cost $ 1.4 $ 1.2 $ 0.8 $ 0.1 $ 0.1 $ 0.1 $ — $ — $ — Interest cost 0.7 5.1 6.5 0.4 0.3 0.3 0.1 — 0.1 Expected return on plan assets (2.6) (5.0) (6.8) — — — — — — Amortization of net loss 1.7 2.5 2.5 0.1 — (0.1) 0.1 0.1 0.1 Amortization of prior service cost 0.1 — — — — — — — — Pension termination 76.7 — — 0.1 — — 0.1 — — Net periodic benefit cost $ 78.0 $ 3.8 $ 3.0 $ 0.7 $ 0.4 $ 0.3 $ 0.3 $ 0.1 $ 0.2 Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss) Net gain (loss) $ 14.4 $ (28.0) $ (3.8) $ 2.2 $ 0.6 $ (3.7) $ 0.4 $ — $ (0.2) Amortization of net loss 1 1.7 2.6 2.5 0.1 0.1 (0.1) 0.1 0.1 0.1 Prior service cost — — (0.1) — — — — — — Amortization of prior service credit 1 0.1 — — — — — — — — Pension termination 1 76.7 — — 0.1 — — 0.1 — — Income taxes related to other comprehensive income (loss) 1 (18.3) — — (0.1) — — 0.1 — — Total recognized in Other comprehensive income (loss) 74.6 (25.4) (1.4) 2.3 0.7 (3.8) 0.7 0.1 (0.1) Total recognized in net periodic benefit cost and Other comprehensive income (loss) $ (3.4) $ (29.2) $ (4.4) $ 1.6 $ 0.3 $ (4.1) $ 0.4 $ — $ (0.3) 1 Represents amortization or recognition of balances previously recorded to Accumulated other comprehensive income (loss ) in the consolidated balance sheets and recognized as a component of net periodic benefit cost.
Schedule of Amounts Recognized on the Consolidated Balance Sheets and in Accumulated Other Comprehensive Loss	Amounts recognized on the consolidated balance sheets in accumulated other comprehensive income (loss) as of December 31, 2022 and 2021, were as follows (in millions): Pension Benefits Other Post-retirement Benefits Non-qualified Plan Benefits 2022 2021 2022 2021 2022 2021 Net gain (loss), net of taxes $ — $ (74.5) $ 0.3 $ (2.6) $ — $ (0.7) Unrecognized prior service credit (cost), net of taxes — (0.1) — — — — Total Accumulated other comprehensive income (loss) $ — $ (74.6) $ 0.3 $ (2.6) $ — $ (0.7)
Schedule of Weighted Average Assumptions used to Determine Benefit Information	The weighted average assumptions used to determine benefit information during the years ended December 31, 2022, 2021 and 2020, were as follows: Pension Benefits Other Post-retirement Benefits Non-qualified Plan Benefits 2022 2021 2020 2022 2021 2020 2022 2021 2020 Weighted Average Assumptions Discount rate to determine benefit obligations N/A 2.26% 2.40% 5.41% 2.86% 2.49% 5.24% 1.68% 1.07% Discount rate to determine net cost N/A 2.39% 3.28% 3.51% 2.48% 3.38% 1.68% 1.07% 2.48% Rate of compensation increase N/A N/A N/A 0.5%-3.0% 0.5%-3.0% 0.5%-3.0% N/A N/A N/A Expected return on plan assets N/A 2.60% 3.70% N/A N/A N/A N/A N/A N/A Interest crediting rates N/A 2.15% 0.71% N/A N/A N/A 2.15% 2.15% 0.71% Initial health care cost trend rate N/A N/A N/A 5.90% 5.90% 5.70% N/A N/A N/A Ultimate rate N/A N/A N/A 4.00% 4.00% 4.50% N/A N/A N/A Year ultimate rate is reached N/A N/A N/A 2045 2045 2037 N/A N/A N/A

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The income tax expense (benefit) on income (loss) from continuing operations for the years ended December 31, 2022, 2021 and 2020, consisted of the following (in millions): 2022 2021 2020 Current: Federal $ (18.0) $ 0.1 $ (0.1) State (0.3) (0.1) (0.3) Current $ (18.3) $ — $ (0.4) Deferred: Federal $ — $ — $ — State — — — Deferred $ — $ — $ — Income tax expense (benefit) $ (18.3) $ — $ (0.4)
Schedule of Effective Income Tax Rate Reconciliation	Income tax expense (benefit) for the years ended December 31, 2022, 2021 and 2020, differs from amounts computed by applying the statutory federal rate to income from continuing operations before income taxes for the following reasons (in millions): 2022 2021 2020 Computed federal income tax expense (benefit) $ 3.9 $ 15.8 $ 4.0 State income taxes (1.5) 1.4 (0.4) Valuation allowance 5.3 (8.0) (0.2) REIT rate differential (7.8) (9.0) (4.7) Other non-deductible expense — — 0.6 Share-based compensation (0.1) 0.1 0.2 Effective rate differences between current and deferred taxes 0.4 (0.5) 0.1 Pension termination (18.3) — — Other, net (0.2) 0.2 — Income tax expense (benefit) $ (18.3) $ — $ (0.4)
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2022 and 2021, were as follows (in millions): 2022 2021 Deferred tax assets: Employee benefits $ 6.3 $ 17.7 Capitalized costs 1.5 1.6 Joint ventures and other investments 6.0 6.4 Impairment and amortization 24.8 1.7 Solar investment benefits 14.9 15.7 Insurance and other reserves 7.2 6.0 Disallowed interest expense 8.9 10.5 Net operating losses 44.1 52.6 Operating lease liability 6.6 1.6 Other 1.0 3.0 Total deferred tax assets $ 121.3 $ 116.8 Valuation allowance (109.8) (109.6) Total net deferred tax assets $ 11.5 $ 7.2 Deferred tax liabilities: Property (including tax-deferred gains on real estate transactions) $ 5.0 $ 5.6 Operating lease asset 6.5 1.6 Total deferred tax liabilities $ 11.5 $ 7.2 Net deferred tax assets (liabilities) $ — $ —
Schedule of Valuation Allowance	Significant management judgment is required in determining the period in which reversal of a valuation allowance should occur. The net change to the valuation allowance recorded during each of the years ended December 31, 2022, 2021 and 2020, was as follows (in millions): Balance at Beginning of Year Net Change Balance at End of Year 2022 $ 109.6 $ 0.2 $ 109.8 2021 $ 104.0 $ 5.6 $ 109.6 2020 $ 99.3 $ 4.7 $ 104.0

Earnings Per Share (_EPS_) (Tab

Earnings Per Share (“EPS”) (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Reconciliation of Income and Computation of Earnings per Share	The following table provides a reconciliation of income (loss) from continuing operations to net income (loss) for the years ended December 31, 2022, 2021 and 2020 (in millions): 2022 2021 2020 Income (loss) from continuing operations $ 37.1 $ 75.4 $ 19.3 Distributions and allocations to participating securities (0.2) (0.3) (0.1) Income (loss) from continuing operations available to A&B shareholders 36.9 75.1 19.2 Income (loss) from discontinued operations available to A&B shareholders (86.6) (39.6) (14.1) Exclude: Loss (income) attributable to discontinued noncontrolling interest (1.1) (0.4) 0.4 Net income (loss) available to A&B common shareholders $ (50.8) $ 35.1 $ 5.5 The number of shares used to compute basic and diluted earnings per share for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 Denominator for basic EPS - weighted average shares outstanding 72.6 72.5 72.3 Effect of dilutive securities: Stock options and restricted stock unit awards 0.2 0.1 0.1 Denominator for diluted EPS - weighted average shares outstanding 72.8 72.6 72.4

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Schedule of Components of Accumulated Other Comprehensive Income (Loss), Net of Taxes	The components of accumulated other comprehensive loss, net of taxes, were as follows for the years ended December 31, 2022 and 2021 (in millions): 2022 2021 Employee benefit plans: Pension plans $ — $ (74.6) Post-retirement plans (0.3) (2.6) Non-qualified benefit plans — (0.7) Total employee benefit plans (0.3) (77.9) Interest rate swap 2.1 (2.8) Accumulated other comprehensive income (loss) $ 1.8 $ (80.7) The changes in accumulated other comprehensive income (loss) by component for the years ended December 31, 2022, 2021 and 2020 were as follows (in millions, net of tax): Employee Benefit Plans Interest Rate Swap Total Balance, January 1, 2020 $ (48.0) $ (0.8) $ (48.8) Other comprehensive income (loss) before reclassifications, net of taxes of $0 (7.7) (6.9) (14.6) Amounts reclassified from accumulated other comprehensive income (loss), net of taxes of $0 2.4 1.0 3.4 Balance, December 31, 2020 $ (53.3) $ (6.7) $ (60.0) Other comprehensive income (loss) before reclassifications, net of taxes of $0 (27.4) 2.3 (25.1) Amounts reclassified from accumulated other comprehensive income (loss), net of taxes of $0 2.8 1.6 4.4 Balance, December 31, 2021 $ (77.9) $ (2.8) $ (80.7) Other comprehensive income (loss) before reclassifications, net of taxes of $0 17.0 4.9 21.9 Amounts reclassified from accumulated other comprehensive income (loss), net of taxes of $0 78.9 — 78.9 Taxes on other comprehensive income (loss) (18.3) — (18.3) Balance, December 31, 2022 $ (0.3) $ 2.1 $ 1.8
Schedule of Reclassification out of Accumulated Other Comprehensive Income (Loss)	The reclassifications of other comprehensive income (loss) components out of accumulated other comprehensive income (loss) for the years ended December 31, 2022, 2021 and 2020, were as follows (in millions): 2022 2021 2020 Unrealized interest rate hedging gain (loss) $ 4.9 $ 2.3 $ (6.9) Impact of reclassification adjustment to interest expense included in Net Income (Loss) 0.5 1.6 1.0 Realized interest rate hedging gain (loss) (0.5) — — Actuarial gain (loss) 17.0 (27.4) (7.7) Amortization of defined benefit pension items reclassified to net periodic pension cost: Net loss* 1.9 2.8 2.5 Prior service cost* — — (0.1) Amortization of prior service credit* 0.1 — — Pension termination 76.9 — — Total before income tax $ 100.8 $ (20.7) $ (11.2) Income taxes related to other comprehensive income (loss) (18.3) — — Other comprehensive income (loss), net of tax $ 82.5 $ (20.7) $ (11.2) * This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost (refer to Note 15 – Employee Benefit Plans).

Segment Results (Tables)

Segment Results (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Operating Segment Information	Operating segment information for the years ended December 31, 2022, 2021 and 2020 is summarized below (in millions): 2022 2021 2020 Operating Revenue: Commercial Real Estate $ 187.2 $ 174.1 $ 151.6 Land Operations 1 43.3 79.9 38.7 Total operating revenue 230.5 254.0 190.3 Operating Profit (Loss): Commercial Real Estate 2 81.5 72.6 49.8 Land Operations 1,3,4 (1.4) 53.2 18.0 Total operating profit (loss) 1 80.1 125.8 67.8 Gain (loss) on disposal of commercial real estate properties, net — 2.8 0.5 Interest expense (22.0) (26.2) (30.2) Corporate and other expense 4 (39.3) (27.0) (19.2) Income (Loss) from Continuing Operations Before Income Taxes $ 18.8 $ 75.4 $ 18.9 Identifiable Assets: Commercial Real Estate $ 1,499.9 $ 1,499.5 $ 1,499.9 Land Operations 5 112.0 144.5 285.1 Other 48.6 81.1 65.8 Assets Held for Sale 126.8 154.7 185.2 Total assets $ 1,787.3 $ 1,879.8 $ 2,036.0 Capital Expenditures: Commercial Real Estate 6 $ 21.4 $ 39.6 $ 18.8 Land Operations 7 0.2 7.4 1.4 Other 0.1 0.2 0.4 Total capital expenditures $ 21.7 $ 47.2 $ 20.6 Depreciation and Amortization: Commercial Real Estate $ 36.5 $ 37.7 $ 40.1 Land Operations 1.2 1.1 1.5 Other 0.3 0.8 0.9 Total depreciation and amortization $ 38.0 $ 39.6 $ 42.5 1 In 2021, the Company changed the composition of its reportable segments based on how the CODM assesses the Company's performance, which caused reported amounts (i.e., revenue and operating profit) in the historical period to be reclassified from Land Operations to the previous M&C reportable segment, and subsequently to discontinued operations, which reduced Land Operations segment Operating Revenue and Operating Profit (Loss) by $1.9 million for the year ended December 31, 2020. In 2022, as a result of the Grace Disposal Group's classification as held for sale and discontinued operations, the Company changed the composition of its reportable segments based on how the CODM assesses the Company's performance, which caused reported amounts (i.e. operating profit) related to one joint venture in the historical period to be reclassified from the former M&C segment to Land Operations, which changed Land Operations Operating Profit (Loss) by $(2.5) million and $2.1 million for the years ended December 31, 2021 and 2020, respectively and Total operating profit (loss) by $38.3 million and $13.1 million for the years ended December 31, 2021 and 2020, respectively. All comparable information for the historical periods has been restated to reflect the impact of these changes. 2 Commercial Real Estate segment operating profit (loss) includes intersegment operating revenue, primarily from the Land Operations segment, as well as pension termination charges of $0.7 million for the year ended December 31, 2022. 3 Land Operations segment operating profit (loss) includes $1.6 million, $17.9 million, and $6.8 million of equity in earnings (losses) from the Company's various joint ventures for the years ended December 31, 2022, 2021 and 2020, respectively. 4 Land Operations segment operating profit (loss) includes pension termination charges of $62.2 million for the year ended December 31, 2022, as well as a gain on sale of non-core assets, net, of $54.0 million for the year ended December 31, 2022, related to the McBryde transaction (Note 22 – Sale of Business). 5 The Land Operations segment includes assets related to its investment in various joint ventures. As a result of the change in the composition of the Land Operations segment in 2022, as noted above, total identifiable assets increased $23.4 million and $26.7 million as of December 31, 2021 and 2020, respectively. 6 Represents gross capital additions to the commercial real estate 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. 7 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.

Held for Sale and Discontinue_2

Held for Sale and Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups Including Discontinued Operations	The following table summarizes income (loss) from discontinued operations included in the Consolidated Statements of Operations for the three years ended December 31, 2022, 2021 and 2020 (in millions): 2022 2021 2020 Revenue $ 171.2 $ 126.2 $ 116.6 Cost of sales 1 (153.5) (121.0) (109.3) Selling, general and administrative (14.5) (15.6) (15.5) Impairment of assets (89.8) (26.1) (5.6) Gain (loss) on disposal of non-core assets, net 0.1 0.1 0.2 Operating income (loss) from discontinued operations 1 (86.5) (36.4) (13.6) Income (loss) related to joint ventures (0.4) (0.4) (0.8) Impairment of equity method investments — (2.9) — Interest and other income (expense), net 0.5 0.2 0.4 Interest expense (0.2) (0.1) (0.1) Income (loss) from discontinued operations before income taxes 1 (86.6) (39.6) (14.1) Income tax benefit (expense) attributable to discontinued operations — — — Income (loss) from discontinued operations 1 (86.6) (39.6) (14.1) Loss (income) attributable to discontinued noncontrolling interest (1.1) (0.4) 0.4 Income (loss) from discontinued operations attributable to A&B Shareholders 1 $ (87.7) $ (40.0) $ (13.7) 1 Includes $(0.4) million, $(1.1) million, and $(0.8) million in costs associated with the resolution of liabilities from the Company’s former sugar operations and previously presented in Income (loss) from discontinued operations for the years ended December 31, 2022, 2021 and 2020, respectively. The assets and liabilities held for sale included in the consolidated balance sheets as of December 31, 2022 and 2021, were as follows (in millions): 2022 2021 Cash and cash equivalents $ 0.1 $ 4.6 Accounts receivable and retention, net of allowance for credit losses and allowance for doubtful accounts of $0.4 million and $0.5 million as of December 31, 2022, and December 31, 2021, respectively 30.8 26.7 Inventories 45.0 19.8 Other property, net 67.4 65.7 Operating lease right-of-use assets 31.3 13.2 Prepaid expenses and other assets 42.0 24.7 Less: Impairment recognized on classification as held for sale (89.8) — Total Assets held for sale $ 126.8 $ 154.7 Notes payable and other debt $ 14.1 $ 2.0 Accounts payable 10.2 6.4 Operating lease liabilities 31.3 12.9 Deferred revenue — 0.2 Accrued and other liabilities 25.4 24.3 Total Liabilities associated with assets held for sale $ 81.0 $ 45.8

Unaudited Summarized Quarterl_2

Unaudited Summarized Quarterly Information (Tables)	12 Months Ended
	Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]
Schedule of Unaudited Summarized Quarterly Information	Unaudited quarterly results for the years ended December 31, 2022 and 2021, were as follows (in millions, except per share amounts): 2022 Q1 Q2 Q3 Q4 Revenue $ 59.2 $ 51.1 $ 49.4 $ 70.8 Total operating profit (loss) $ 22.4 $ 11.8 $ 19.0 $ 26.9 Income (Loss) from Continuing Operations $ 9.6 $ 5.5 $ 5.8 $ 16.2 Income (loss) from discontinued operations, net of income taxes $ 1.4 $ (1.1) $ 1.0 $ (87.9) Net income (loss) attributable to A&B shareholders $ 10.5 $ 4.1 $ 6.4 $ (71.6) Net income (loss) available to A&B common shareholders $ 10.5 $ 4.0 $ 6.3 $ (71.6) Earnings (Loss) Per Share Available to A&B Shareholders: Basic Earnings (Loss) Per Share of Common Stock: Continuing operations available to A&B shareholders $ 0.13 $ 0.08 $ 0.08 $ 0.22 Discontinued operations available to A&B shareholders 0.01 (0.02) 0.01 (1.21) Net income (loss) available to A&B shareholders $ 0.14 $ 0.06 $ 0.09 $ (0.99) Diluted Earnings (Loss) Per Share of Common Stock: Continuing operations available to A&B shareholders $ 0.13 $ 0.07 $ 0.08 $ 0.22 Discontinued operations available to A&B shareholders 0.01 (0.02) 0.01 (1.21) Net income (loss) available to A&B shareholders $ 0.14 $ 0.05 $ 0.09 $ (0.99) Weighted-average number of shares outstanding: Basic 72.6 72.7 72.7 72.5 Diluted 72.8 72.8 72.8 72.7 2021 Q1 Q2 Q3 Q4 Revenue $ 57.2 $ 59.5 $ 49.7 $ 87.6 Total operating profit (loss) $ 26.6 $ 28.7 $ 20.8 $ 49.5 Income (Loss) from Continuing Operations $ 13.7 $ 16.0 $ 7.8 $ 37.9 Income (loss) from discontinued operations, net of income taxes $ (3.8) $ (3.0) $ (1.3) $ (31.5) Net income (loss) attributable to A&B shareholders $ 9.9 $ 12.8 $ 6.4 $ 6.3 Net income (loss) available to A&B common shareholders $ 9.9 $ 12.8 $ 6.3 $ 6.1 Earnings (Loss) Per Share Available to A&B Shareholders: Basic Earnings (Loss) Per Share of Common Stock: Continuing operations available to A&B shareholders $ 0.19 $ 0.22 $ 0.11 $ 0.52 Discontinued operations available to A&B shareholders (0.05) (0.04) (0.02) (0.44) Net income (loss) available to A&B shareholders $ 0.14 $ 0.18 $ 0.09 $ 0.08 Diluted Earnings (Loss) Per Share of Common Stock: Continuing operations available to A&B shareholders $ 0.19 $ 0.22 $ 0.11 $ 0.51 Discontinued operations available to A&B shareholders (0.05) (0.04) (0.02) (0.43) Net income (loss) available to A&B shareholders $ 0.14 $ 0.18 $ 0.09 $ 0.08 Weighted-average number of shares outstanding: Basic 72.5 72.5 72.5 72.5 Diluted 72.6 72.6 72.7 72.7

Background and Basis of Prese_2

Background and Basis of Presentation (Details) ft² in Millions	12 Months Ended
	Dec. 31, 2022 a ft² segment property	Dec. 31, 2021 asset
Real Estate [Line Items]
Gross leasable area (in sq ft) | ft²	3.9
Area of ground leases owned (in acres) | a	140.7
Number of operating segments	2	3
Retail Centers
Real Estate [Line Items]
Number of properties	22
Industrial Assets
Real Estate [Line Items]
Number of properties	12
Office Properties
Real Estate [Line Items]
Number of properties	4

Significant Accounting Polici_4

Significant Accounting Policies - Schedule of Estimated Useful Lives of Property (Details)	12 Months Ended
	Dec. 31, 2022
Building and improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property	10 years
Estimated useful life or lease term	10 years
Building and improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property	40 years
Estimated useful life or lease term	40 years
Leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property	5 years
Estimated useful life or lease term	5 years
Leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property	10 years
Estimated useful life or lease term	10 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
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
Estimated useful life or lease term	3 years
Other property improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property	35 years
Estimated useful life or lease term	35 years

Significant Accounting Polici_5

Significant Accounting Policies - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($) asset
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Restricted cash	$ 1	$ 1
Number of operating segments	2	3
Number of reportable segments	2	3
Goodwill	$ 8.7	$ 8.7
Grace Pacific
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Ownership interest percentage (in percent)	70%
Parts, Materials and Supplies
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inventory	$ 0.4	0.5
Tax-Deferred Sale Proceeds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Restricted cash	$ 0.8	$ 0.8

Significant Accounting Polici_6

Significant Accounting Policies - Schedule of Interest and Other Income (Expense), Net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Pension and post-retirement benefit (expense)	$ (0.6)	$ (3)	$ (2.6)
Interest income	0.3	1	1.6
Other income (expense), net	0.7	0.3	0.9
Interest and other income (expense), net	$ 0.4	$ (1.7)	$ (0.1)

Real Estate Property, Net and_3

Real Estate Property, Net and Other Property, Net (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 1,598.9	$ 1,588.2
Accumulated depreciation	(202.3)	(180.5)
Real estate property, net	1,396.6	1,407.7
Other property	11.5	37.4
Accumulated depreciation	(9)	(19.5)
Other property, net	2.5	17.9
Land
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	780	784.9
Other property	0.2	0.3
Buildings
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	719.6	709.4
Other property	6.4	6.3
Machinery and equipment
Property, Plant and Equipment [Line Items]
Other property	4.4	8.3
Water, power and sewer systems
Property, Plant and Equipment [Line Items]
Other property	0.5	21
Other property improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	99.3	93.9
Other property	$ 0	$ 1.5

Real Estate Property, Net and_4

Real Estate Property, Net and Other Property, Net - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Interest costs incurred	$ 22.5	$ 26.5	$ 30.5
Capitalized interest costs	0.5	0.3	0.3
Depreciation expense	$ 29.4	$ 29.2	$ 29.9

Acquisitions and Intangible A_3

Acquisitions and Intangible Assets, Net - Schedule of Asset Acquisition (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) asset	Dec. 31, 2021 USD ($)
Real Estate [Line Items]
Property and improvements	$ 1,396.6	$ 1,407.7
Hawaii | 2021 Acquisitions
Real Estate [Line Items]
Purchase consideration		$ 10.8
Land	8.8
Property and improvements	2
Total assets acquired	$ 10.8
Hawaii | Commercial property | 2021 Acquisitions
Real Estate [Line Items]
Number of commercial properties acquired | asset	2

Acquisitions and Intangible A_4

Acquisitions and Intangible Assets, Net - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Total assets	$ 43.6	$ 51.6
Other Finite-Lived Intangible Assets, Gross	0.6	3.2
Other Intangible Assets, Net	0	0
Amortization of intangible assets	8.1	10.7	$ 13.3
In-place leases
Finite-Lived Intangible Assets [Line Items]
Amortized intangible assets:	75	124.8
Accumulated amortization	(38.8)	(81.9)
Favorable leases
Finite-Lived Intangible Assets [Line Items]
Amortized intangible assets:	15.2	29
Accumulated amortization	(7.8)	(20.3)
Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	$ (0.6)	$ (3.2)

Acquisitions and Intangible A_5

Acquisitions and Intangible Assets, Net - Schedule of Estimated Amortization Expenses Related to Intangible Assets (Details) $ in Millions	Dec. 31, 2022 USD ($)
Real Estate [Abstract]
2023	$ 7.1
2024	5.8
2025	5.4
2026	3.8
2027	$ 3.6

Investments in Affiliates - Nar

Investments in Affiliates - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2018	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Nov. 30, 2021
Schedule of Equity Method Investments [Line Items]
Proceeds from disposal of assets			$ 73.1	$ 3	$ 22.9
Investment in various real estate joint ventures	$ 35.7		36.9	35.7
Undistributed earnings of investments in affiliates	2.9		5.6	2.9
Dividends and distributions from unconsolidated affiliates			0.8	148.6	6.1
Income (loss) related to joint ventures	$ 5.5		1.6	17.9	6.8
Dividends and distributions from unconsolidated affiliates			0.7	8.9	$ 1.2
Non-cash reduction in equity method investments		$ 186.8	0	$ 2.9
Kukui'iula | Not Discontinued Operations | Kukui'iula
Schedule of Equity Method Investments [Line Items]
Purchase consideration upon disposal						$ 183.5
Proceeds from disposal of assets			$ 113.4

Investments in Affiliates - Sch

Investments in Affiliates - Schedule of Financial Information for Equity Method Investments (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Balance Sheet
Total assets	$ 1,787.3				$ 1,879.8				$ 1,787.3	$ 1,879.8	$ 2,036
Total liabilities	743.6				806.3				743.6	806.3
Income Statement
Revenue	70.8	$ 49.4	$ 51.1	$ 59.2	87.6	$ 49.7	$ 59.5	$ 57.2	230.5	254	190.3
Operating costs and expenses									168.8	171.5	157.3
Income (Loss) from Continuing Operations									18.8	75.4	18.9
Net Income (Loss)	(71.6)	$ 6.4	$ 4.1	$ 10.5	6.3	$ 6.4	$ 12.8	$ 9.9	(50.6)	35.4	5.6
Equity Method Investments
Balance Sheet
Current assets	56.5				65.2				56.5	65.2
Non-current assets	240				203.5				240	203.5
Total assets	296.5				268.7				296.5	268.7
Current liabilities	26.3				25				26.3	25
Non-current liabilities	121.1				88.3				121.1	88.3
Total liabilities	$ 147.4				$ 113.3				147.4	113.3
Income Statement
Revenue									130	231.1	164.2
Operating costs and expenses									118.4	204.1	137
Gross Profit (Loss)									11.6	27	27.2
Income (Loss) from Continuing Operations									1.6	(287.9)	15.3
Net Income (Loss)									$ 1.3	$ (288.1)	$ 14.9

Allowance and Other Reserves -

Allowance and Other Reserves - Schedule of Changes in Allowance for Doubtful Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year	$ 2.5
Balance at end of year	2.7	$ 2.5
Reserve for cash basis tenants
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year	11.1	12.7	$ 0.9
Additions/(Reductions)	(1.2)	(1.3)	10.6
Deductions or other	(3)	(0.3)	1.2
Balance at end of year	6.9	11.1	12.7
Allowance for doubtful accounts
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year	0.8	2.6	0.6
Additions/(Reductions)	0.2	(1.7)	3.6
Deductions or other	1.4	(0.1)	(1.3)
Balance at end of year	2.4	0.8	2.6
Allowance for doubtful accounts | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year			(0.3)
Allowance for credit losses - financing receivables
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year	2.5	3.9	0
Additions/(Reductions)	0.2	(1.4)	(0.4)
Deductions or other	0	0	0
Balance at end of year	$ 2.7	2.5	3.9
Allowance for credit losses - financing receivables | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year			1.6
Allowance for credit losses - financing receivables | Cumulative Effect, Period of Adoption, Adjustment | (Distribution in Excess of Accumulated Earnings) Earnings Surplus
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year			2.7
Loans allowance
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year		0	1.6
Additions/(Reductions)			0
Deductions or other			0
Balance at end of year			0
Loans allowance | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year			(1.6)
Other reserves
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year		$ 0	0.4
Additions/(Reductions)			0
Deductions or other			(0.4)
Balance at end of year			$ 0

Allowance and Other Reserves _2

Allowance and Other Reserves - Narrative (Details) $ in Millions	Dec. 31, 2022 USD ($) asset	Dec. 31, 2021 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of assets | asset	2,000,000
Land Operations | First security, generated in 2008
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of financing receivable	$ 1.6	$ 1.6
Land Operations | Second security, generated in 2017
Financing Receivable, Allowance for Credit Loss [Line Items]
Amortized cost basis of financing receivable	$ 2.5	$ 2.8

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Assets and (Liabilities) Measured on a Recurring Basis (Details) - Interest Rate Swap - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, financial instruments - interest rate swaps	$ 5.5
Derivative liability, financial instruments - interest rate swaps	(2.8)	$ (2.2)
Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, financial instruments - interest rate swaps	0
Derivative liability, financial instruments - interest rate swaps	0	0
Significant Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, financial instruments - interest rate swaps	5.5
Derivative liability, financial instruments - interest rate swaps	(2.8)	(2.2)
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, financial instruments - interest rate swaps	0
Derivative liability, financial instruments - interest rate swaps	$ 0	$ 0

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2018	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of assets			$ 5	$ 0	$ 0
Accumulated impairment losses included in disposal			94.8	29
Non-cash reduction in equity method investments		$ 186.8	0	2.9
Goodwill
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of assets				1.8
Discontinued Operations, Held-for-sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of assets	$ 89.8		89.8	26.1
Impairment of equity method investments			0	(2.9)	$ 0
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of notes	1.9		1.9	8.4
Company's debt	472.2		472.2	530.8
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Company's debt	$ 449.2		$ 449.2	$ 554.7

Fair Value Measurements - Fai_2

Fair Value Measurements - Fair Value of the Impairment of Long-Lived Assets Held-for-sale (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 50	$ 29.4
Impairment Loss	94.8	29
Assets held-for-sale, net	126.8
Liabilities associated with assets held for sale	(81)	(45.8)
Assets held for sale, selling costs	4.2
Assets held for sale, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	50
Impairment Loss	89.8
Long-lived assets3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	27.3
Impairment Loss	$ 5	$ 24.3
Long-lived assets3 | Discounted cash flow analysis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Weighted average discount rate (percent)	16%	13%
Goodwill
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 0
Investment in unconsolidated affiliate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		2.1
Impairment Loss		$ 2.9
Investment in unconsolidated affiliate | Discounted cash flow analysis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Weighted average discount rate (percent)		13%

Notes Payable and Other Debt -

Notes Payable and Other Debt - Schedule of Notes Payable and Long-term Debt (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2018	Nov. 30, 2017
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 472.4	$ 531
Debt Issuance Costs, Net	(0.2)	(0.2)
Long-Term Debt, Total	472.2	530.8
Secured debt
Debt Instrument [Line Items]
Long-Term Debt, Gross	193.4	195.9
Long-Term Debt, Total	$ 193.4
Secured debt | Laulani Village
Debt Instrument [Line Items]
Stated interest rate	3.93%
Long-Term Debt, Gross	$ 59	60.2
Secured debt | Pearl Highlands
Debt Instrument [Line Items]
Stated interest rate	4.15%
Long-Term Debt, Gross	$ 77.3	79.4
Secured debt | Photovoltaic Financing
Debt Instrument [Line Items]
Long-Term Debt, Gross	2.6	0
Secured debt | Manoa Marketplace
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 54.5	56.3
Secured debt | Photo Voltaic Financing Due 2027
Debt Instrument [Line Items]
Finance lease, discount rate	4.14%
Secured debt | Manoa Marketplace | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.35%
Fixed interest rate (percent)	3.14%
Unsecured debt
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 267	$ 285.1
Long-Term Debt, Total	$ 266.8
Unsecured debt | Manoa Marketplace
Debt Instrument [Line Items]
Fixed interest rate (percent)		3.15%
Unsecured debt | Series A Note
Debt Instrument [Line Items]
Stated interest rate	5.53%
Long-Term Debt, Gross	$ 14.2	$ 21.3
Unsecured debt | Series J Note
Debt Instrument [Line Items]
Stated interest rate	4.66%
Long-Term Debt, Gross	$ 10	10
Unsecured debt | Series B Note
Debt Instrument [Line Items]
Stated interest rate	5.55%
Long-Term Debt, Gross	$ 36	45
Unsecured debt | Series C Note
Debt Instrument [Line Items]
Stated interest rate	5.56%
Long-Term Debt, Gross	$ 11	13
Unsecured debt | Series F Note
Debt Instrument [Line Items]
Stated interest rate	4.35%
Long-Term Debt, Gross	$ 15.2	15.2
Unsecured debt | Series H Note
Debt Instrument [Line Items]
Stated interest rate	4.04%
Long-Term Debt, Gross	$ 50	50
Unsecured debt | Series K Note
Debt Instrument [Line Items]
Stated interest rate	4.81%
Long-Term Debt, Gross	$ 34.5	34.5
Unsecured debt | Series G Note
Debt Instrument [Line Items]
Stated interest rate	3.88%
Long-Term Debt, Gross	$ 28.1	28.1
Unsecured debt | Series L Note
Debt Instrument [Line Items]
Stated interest rate	4.89%
Long-Term Debt, Gross	$ 18	18
Unsecured debt | Series I Note
Debt Instrument [Line Items]
Stated interest rate	4.16%
Long-Term Debt, Gross	$ 25	25
Unsecured debt | Term Loan 5
Debt Instrument [Line Items]
Stated interest rate	4.30%			4.30%
Long-Term Debt, Gross	$ 25	25	$ 25
Revolving credit facilities
Debt Instrument [Line Items]
Long-Term Debt, Gross	12	50
Long-Term Debt, Total	12
Revolving credit facilities | A&B Revolver
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 12	$ 50
Revolving credit facilities | A&B Revolver | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.05%
Fixed interest rate (percent)	2.40%
Notional amount	$ 50

Notes Payable and Other Debt _2

Notes Payable and Other Debt - Narrative (Details) $ in Millions

1 Months Ended

12 Months Ended

Aug. 31, 2021 USD ($) segment

Dec. 01, 2014 USD ($)

Feb. 28, 2018 USD ($)

Dec. 31, 2021 USD ($)

Dec. 31, 2018 USD ($)

Dec. 31, 2016 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2020

Sep. 30, 2018 USD ($)

Nov. 30, 2017 USD ($)

Dec. 31, 2015 USD ($)

Sep. 17, 2013 USD ($)

Debt Instrument [Line Items]

Collateral amount

$ 360.1

Total debt

$ 531

472.4

Wells Fargo Term Facility

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 50

Borrowings (payments) on line-of-credit agreement, net

$ 50

Other Assets | Interest Rate Swap

Debt Instrument [Line Items]

Fixed interest rate (percent)

3.14%

Pearl City

Debt Instrument [Line Items]

Long term debt acquired

$ 59.3

Secured debt

Debt Instrument [Line Items]

Total debt

195.9

193.4

Secured debt | Mortgage Secured by Laulani Village

Debt Instrument [Line Items]

Face amount

$ 62

Stated interest rate

3.93%

Interest only payments, amount

$ 0.2

Principal and interest payment, amount

0.3

Balloon payment to be paid

57.5

Secured debt | Refinanced Loan, Maturity 2024

Debt Instrument [Line Items]

Face amount

$ 92

Stated interest rate

4.15%

Principal and interest payment, amount

$ 0.4

Balloon payment to be paid

$ 73

Secured debt | LIBOR plus 1.35%, payable through 2029, secured by Manoa Marketplace

Debt Instrument [Line Items]

Face amount

$ 60

Balloon payment to be paid

$ 41.7

Secured debt | LIBOR plus 1.35%, payable through 2029, secured by Manoa Marketplace | LIBOR

Debt Instrument [Line Items]

Basis spread on variable rate

1.35%

Unsecured debt

Debt Instrument [Line Items]

Total debt

285.1

$ 267

Unsecured debt | Prudential Notes

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 450

Unsecured debt | Term Loan 5

Debt Instrument [Line Items]

Face amount

$ 25

Stated interest rate

4.30%

4.30%

Total debt

25

$ 25

$ 25

Revolving credit facilities

Debt Instrument [Line Items]

Total debt

$ 50

12

Long-term line of credit

12

Letters of credit outstanding, amount

1.1

Remaining borrowing capacity

$ 486.9

Revolving credit facilities | A2021 A&B Revolver

Debt Instrument [Line Items]

Covenant compliance, debt to total assets ratio

0.40

0.25

Covenant compliance, minimum shareholders' equity amount

$ 865.6

Ownership interest held (percent)

75%

Debt instrument, covenant compliance, fixed charge coverage ratio, percent

1.75

1.50

A&B Revolver

Debt Instrument [Line Items]

Total debt

$ 50

A&B Revolver | Revolving credit facilities

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 500

$ 450

Number of extension options | segment

2

Revolving commitments term of extension options

6 months

Notes Payable and Other Debt _3

Notes Payable and Other Debt - Schedule of Debt Principal Payments (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
2023	$ 35
2024	161.9
2025	52.4
2026	69.2
2027	40.9
Thereafter	113
Long-Term Debt, Gross	472.4	$ 531
(Unamort Debt Issue Cost)/ (Discount) Premium	(0.2)
Long-Term Debt, Total	472.2	530.8
Secured debt
Debt Instrument [Line Items]
2023	5.4
2024	134.9
2025	2.1
2026	2.2
2027	3.8
Thereafter	45
Long-Term Debt, Gross	193.4	195.9
(Unamort Debt Issue Cost)/ (Discount) Premium	0
Long-Term Debt, Total	193.4
Unsecured debt
Debt Instrument [Line Items]
2023	29.6
2024	27
2025	38.3
2026	67
2027	37.1
Thereafter	68
Long-Term Debt, Gross	267	285.1
(Unamort Debt Issue Cost)/ (Discount) Premium	(0.2)
Long-Term Debt, Total	266.8
Revolving credit facilities
Debt Instrument [Line Items]
2023	0
2024	0
2025	12
2026	0
2027	0
Thereafter	0
Long-Term Debt, Gross	12	$ 50
(Unamort Debt Issue Cost)/ (Discount) Premium	0
Long-Term Debt, Total	$ 12

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - Cash Flow Hedging - Designated as Hedging Instrument $ in Millions	Dec. 31, 2022 USD ($) swap_agreement	Oct. 31, 2022 USD ($) swap_agreement	Dec. 31, 2021 swap_agreement
Interest Rate Swap
Derivative [Line Items]
Number of interest rate swap agreements | swap_agreement	3	2	2
Notional amount	$ 50
Forward Interest Rate Swap, Effective May 1,2024
Derivative [Line Items]
Notional amount	57	$ 57
Forward Interest Rate Swap, Effective December 9, 2024
Derivative [Line Items]
Notional amount	73	73
Interest Rate Contract
Derivative [Line Items]
Notional amount	$ 130
Financing amount being hedged		$ 130

Derivative Instruments - Schedu

Derivative Instruments - Schedule of Interest Rate Swap (Details) - Cash Flow Hedging - Designated as Hedging Instrument $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) swap_agreement	Oct. 31, 2022 USD ($) swap_agreement	Dec. 31, 2021 USD ($) swap_agreement
Interest Rate Swap
Derivative [Line Items]
Number of interest rate swap agreements | swap_agreement	3	2	2
Notional amount	$ 50
Realized gain	$ (0.5)
Interest Rate Swap, Effective 04/07/2016
Derivative [Line Items]
Fixed interest rate	3.14%
Notional amount	$ 54.5
Interest rate derivative, at fair value	5.5
Fair value of interest rate swap liability			$ (1.7)
Interest Rate Swap, Effective 02/13/2020
Derivative [Line Items]
Notional amount	0
Interest rate derivative, at fair value	$ 0
Fair value of interest rate swap liability			(0.5)
Forward Interest Rate Swap, Effective May 1,2024
Derivative [Line Items]
Fixed interest rate	4.88%
Notional amount	$ 57	$ 57
Interest rate derivative, at fair value			0
Fair value of interest rate swap liability	$ (1.3)
Forward Interest Rate Swap, Effective December 9, 2024
Derivative [Line Items]
Fixed interest rate	4.83%
Notional amount	$ 73	$ 73
Interest rate derivative, at fair value			$ 0
Fair value of interest rate swap liability	$ (1.5)

Derivative Instruments - Sche_2

Derivative Instruments - Schedule of Derivative Instruments in Consolidated Statements of Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Amount of gain (loss) recognized in OCI on derivatives	$ 4.9	$ 2.3	$ (6.9)
Impact of reclassification adjustment to interest expense included in Net Income (Loss)	(0.5)	(1.6)	(1)
Realized interest rate hedging gain (loss)	(0.5)	0	$ 0
Cash Flow Hedging
Derivative [Line Items]
Net gains (losses) on derivative instruments expected to be reclassified from accumulated other comprehensive income in next 12 months	1.1
Cash Flow Hedging | Designated as Hedging Instrument
Derivative [Line Items]
Amount of gain (loss) recognized in OCI on derivatives	4.9	2.3
Impact of reclassification adjustment to interest expense included in Net Income (Loss)	0.5	1.6
Realized interest rate hedging gain (loss)	$ (0.5)	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) a in Thousands, gal in Millions				1 Months Ended		2 Months Ended
	Oct. 11, 2019 license	Jan. 07, 2019 gal	Apr. 10, 2015 plaintiff	May 31, 2016	Dec. 31, 2015 plaintiff	Jan. 31, 2019	Dec. 31, 2022 USD ($)	Dec. 31, 2018 a license
EMI
Loss Contingencies [Line Items]
Ownership interest held (percent)						50%
EMI | Maui
Loss Contingencies [Line Items]
Area of land sold (acres) | a								41
EMI | East Maui
Loss Contingencies [Line Items]
Watershed lands owned (in acres) | a								16
State of Hawaii | East Maui
Loss Contingencies [Line Items]
Number of water licenses held and extended as revocable permits | license								4
Additional watershed lands accessible by licenses (in acres) | a								30
Financial Guarantee
Loss Contingencies [Line Items]
Guarantor obligations, current carrying value							$ 0
Bid, Performance and Payment Bonds and Commercial Bonds
Loss Contingencies [Line Items]
Possible administrative penalty							18,600,000
Grace Pacific
Loss Contingencies [Line Items]
Possible administrative penalty							300,000,000
Estimated remaining exposure							116,300,000
Long Term Water Lease Request
Loss Contingencies [Line Items]
Number of water licenses held and extended as revocable permits | license	4
Number of parties filed lawsuit | plaintiff			3		3
Duration of revocable permits for disposition of water rights	1 year			3 years
Sierra Club Lawsuit Against BLNR, A&B, and EMI
Loss Contingencies [Line Items]
Number of gallons per day sought to be enjoined (gallons) | gal		25
Letter of Credit
Loss Contingencies [Line Items]
Standby letters of credit outstanding							$ 1,100,000

Revenue and Contract Balances -

Revenue and Contract Balances - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Total operating revenue	$ 70.8	$ 49.4	$ 51.1	$ 59.2	$ 87.6	$ 49.7	$ 59.5	$ 57.2	$ 230.5	$ 254	$ 190.3
Commercial Real Estate
Disaggregation of Revenue [Line Items]
Commercial Real Estate									187.2	174.1	151.6
Land Operations
Disaggregation of Revenue [Line Items]
Revenues									43.3	79.9	38.7
Land Operations | Development sales revenue
Disaggregation of Revenue [Line Items]
Revenues									8.1	16	7.9
Land Operations | Unimproved/other property sales revenue
Disaggregation of Revenue [Line Items]
Revenues									19.9	41.3	9.7
Land Operations | Other operating revenue
Disaggregation of Revenue [Line Items]
Revenues									$ 15.3	$ 22.6	$ 21.1

Revenue and Contract Balances_2

Revenue and Contract Balances - Schedule of Information About Receivables, Contract Assets and Contract Liabilities from Contracts with Customers (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2020	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Accounts receivable	$ 8.6		$ 3
Allowances (credit losses and doubtful accounts)	(2.5)		(0.8)
Accounts receivable, net of allowance for credit losses and allowance for doubtful accounts	6.1		2.2
Variable consideration	62		62
Other deferred revenue	6.8		$ 6.3
Revenue recognized related to contract liabilities	$ 0	$ 0.9

Revenue from Contract with Cust

Revenue from Contract with Customer - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2020	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue recognized related to contract liabilities	$ 0	$ 0.9
Variable consideration	$ 62		$ 62

Leases - The Company as Lesso_2

Leases - The Company as Lessor - Schedule of Historical Cost and Accumulated Depreciation of Leased Property (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Lessor, Lease, Description [Line Items]
Leased property - real estate	$ 1,598.9	$ 1,588.2
Real estate property, net	1,396.6	1,407.7
Leased property
Lessor, Lease, Description [Line Items]
Leased property - real estate	1,572	1,562.8
Less accumulated depreciation	(201.8)	(182.1)
Real estate property, net	$ 1,370.2	$ 1,380.7

Leases - The Company as Lesso_3

Leases - The Company as Lessor - Schedule of Rental Income Under Non-cancelable Operating Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Lease payments	$ 130.8	$ 122.7	$ 99.1
Variable lease payments	59.3	55.8	53.3
Total rental income	$ 190.1	$ 178.5	$ 152.4
Operating Lease Income Comprehensive Income Extensible List Not Disclosed Flag	Total rental income	Total rental income

Leases - The Company as Lesso_4

Leases - The Company as Lessor - Schedule of Future Minimum Rentals on Non-cancelable Operating Leases (Details) $ in Millions	Dec. 31, 2022 USD ($)
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
2023	$ 124.5
2024	113.5
2025	96.6
2026	83.9
2027	73
Thereafter	554.6
Total future lease payments to be received	$ 1,046.1

Leases - The Company as Lesse_2

Leases - The Company as Lessee - Schedule of Lease Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease cost	$ 2.7	$ 2.5	$ 2.5
Amortization of right-of-use assets	0.1	0	0
Total lease cost - operating and finance leases	$ 2.8	$ 2.5	$ 2.5

Leases - The Company as Lesse_3

Leases - The Company as Lessee - Other amounts Relating to Finance and Operating Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating cash outflows from operating leases	$ 2.7	$ 2.5	$ 2.4
Operating cash outflows from financing leases	0	0	0
Financing cash flows from finance leases	$ 0.1	$ 0	$ 0
Weighted-average remaining lease term (years) - operating leases	3 years	3 years 8 months 12 days	4 years 7 months 6 days
Weighted-average remaining lease term (years) - finance leases	4 years 9 months 18 days	0 years	0 years
Weighted-average discount rate - operating leases (percent)	4.20%	4.40%	4.40%
Weighted-average discount rate - finance leases (percent)	4.10%	0%	0%

Leases - The Company as Lesse_4

Leases - The Company as Lessee - Future Minimum Payments Under Non-cancelable Operating Leases as Lessee (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Operating Leases
2023	$ 2.6
2024	2.1
2025	0.7
2026	0.6
2027	0.2
Thereafter	0.4
Total lease payments	6.6
Less: Interest	(1.7)
Total lease liabilities	4.9	$ 6.5
Finance Leases
2023	0.2
2024	0.2
2025	0.2
2026	0.2
2027	1.8
Thereafter	0
Total lease payments	2.6
Less: Interest	0
Total lease liabilities	$ 2.6	$ 0

Leases - The Company as Lesse_5

Leases - The Company as Lessee - ROU Assets and Lease liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Real Estate Investment Property, Net	Real Estate Investment Property, Net
ROU assets	$ 2.6	$ 0
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Long-Term Debt	Long-Term Debt
Lease liabilities	$ 2.6	$ 0

Share-Based Payment Awards - Na

Share-Based Payment Awards - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions		12 Months Ended
	Apr. 26, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total recognized tax benefit		$ 0	$ 0	$ 0
Time-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation not yet recognized		$ 5,400,000
Expected recognition period		1 year 8 months 12 days
Time-based restricted stock units | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Time-based restricted stock units | Non-employee Director | 2019 Grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		1 year
Performance share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
2022 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for grant under the Plan (in shares)	3.2
New shares issued (in shares)	2.5
2012 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)	0.7
2022 and 2012 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)		3.4
2022 and 2012 Plan | Time-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value (in dollars per share)		$ 25.56	$ 16.63	$ 22.01
Total recognized tax benefit		$ 0	$ 0	$ 0

Share-Based Payment Awards - Sc

Share-Based Payment Awards - Schedule of Non-vested Restricted Stock Unit Activity (Details) - Time-based restricted stock units - 2022 and 2012 Plan - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding, beginning balance (in shares)	677,700
Granted (in shares)	306,300
Vested (in shares)	(305,100)
Canceled (in shares)	(116,500)
Outstanding, ending balance (in shares)	562,400	677,700
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning balance (in dollars per share)	$ 21.26
Granted (in dollars per share)	25.56	$ 16.63	$ 22.01
Vested (in dollars per share)	24.30
Canceled (in dollars per share)	21.84
Outstanding, ending balance (in dollars per share)	$ 21.83	$ 21.26

Share-Based Payment Awards - _2

Share-Based Payment Awards - Schedule of Fair Value Assumptions of Market-based Awards (Details) - Time-based restricted stock units - 2022 and 2012 Plan - Time-Based Vesting	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility of A&B common stock (percent)	47.70%	47.20%	22.60%
Average volatility of peer companies (percent)	51.10%	51.10%	22.50%
Risk-free interest rate (percent)	1.40%	0.20%	1.30%

Share-Based Payment Awards - _3

Share-Based Payment Awards - Schedule of Compensation Cost related to Share-based Payments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Payment Arrangement, Expense	$ 4,900,000	$ 5,900,000	$ 5,800,000
Total recognized tax benefit	0	0	0
Share-based expense (net of tax)	4,900,000	5,900,000	5,800,000
Cash received upon option exercise	0	1,400,000	3,500,000
Intrinsic value of options exercised	0	600,000	500,000
Tax benefit realized upon option exercise	0	0	0
Fair value of stock vested	5,600,000	5,400,000	3,000,000
Time-based and market-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Payment Arrangement, Expense	$ 4,900,000	$ 5,900,000	$ 5,800,000

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	$ 28,700,000	$ 7,400,000	$ 0
Pension termination	$ (76,900,000)	$ 0	0
Actual return on plan assets (percent)	(14.50%)	(2.80%)
Defined Contribution 401k Plan
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution (percent)	3%
Company's matching contribution expense	$ 600,000	$ 600,000	600,000
Cash Balance Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution (percent)	3%
Company's matching contribution expense	$ 700,000	600,000	700,000
Deferred Profit Sharing
Defined Benefit Plan Disclosure [Line Items]
Company's matching contribution expense	$ 800,000	700,000	500,000
Deferred Profit Sharing | Minimum
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution (percent)	1%
Deferred Profit Sharing | Maximum
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution (percent)	5%
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	$ 25,300,000	6,700,000
Pension termination	(76,700,000)	$ 0	$ 0
Income tax benefit to reclassify tax effects of benefit plan termination	18,300,000
Expected return on plan assets		2.60%	3.70%
Accumulated benefit obligation	$ 0	$ 227,200,000

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of the Status of Funded Defined Benefit Pension Plan and Unfunded Accumulated Post-retirement Benefit Plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Employer contributions	$ 28,700,000	$ 7,400,000	$ 0
Pension Benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	227,200,000	218,700,000
Service cost	1,400,000	1,200,000	800,000
Interest cost	700,000	5,100,000	6,500,000
Plan participants’ contributions	0	0
Actuarial (gain) loss	(44,500,000)	17,200,000
Benefits paid	(13,900,000)	(15,000,000)
Settlement	(170,900,000)	0
Benefit obligation at end of year	0	227,200,000	218,700,000
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	186,600,000	200,600,000
Actual return on plan assets	(27,100,000)	(5,700,000)
Employer contributions	25,300,000	6,700,000
Participant contributions	0	0
Benefits paid	(13,900,000)	(15,000,000)
Settlement	(170,900,000)	0
Fair value of plan assets at end of year	0	186,600,000	200,600,000
Funded Status (Recognized Liability)	0	(40,600,000)
Other Post-retirement Benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	12,600,000	13,500,000
Service cost	100,000	100,000	100,000
Interest cost	400,000	300,000	300,000
Plan participants’ contributions	600,000	700,000
Actuarial (gain) loss	(2,200,000)	(600,000)
Benefits paid	(1,200,000)	(1,400,000)
Settlement	(2,200,000)	0
Benefit obligation at end of year	8,100,000	12,600,000	13,500,000
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	0	0
Actual return on plan assets	0	0
Employer contributions	2,800,000	700,000
Participant contributions	600,000	700,000
Benefits paid	(1,200,000)	(1,400,000)
Settlement	(2,200,000)	0
Fair value of plan assets at end of year	0	0	0
Funded Status (Recognized Liability)	(8,100,000)	(12,600,000)
Other Post-retirement Benefits | Non-qualified Plan Benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	3,100,000	3,100,000
Service cost	0	0	0
Interest cost	100,000	0	100,000
Plan participants’ contributions	0	0
Actuarial (gain) loss	(600,000)	0
Benefits paid	0	0
Settlement	(600,000)	0
Benefit obligation at end of year	2,000,000	3,100,000	3,100,000
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	0	0
Actual return on plan assets	0	0
Employer contributions	600,000	0
Participant contributions	0	0
Benefits paid	0	0
Settlement	(600,000)	0
Fair value of plan assets at end of year	0	0	$ 0
Funded Status (Recognized Liability)	$ (2,000,000)	$ (3,100,000)

Employee Benefit Plans - Sche_2

Employee Benefit Plans - Schedule of Weighted-Average and Target Asset Allocations (Details) - Pension Benefits	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations (percent)	100%
Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations (percent)	98%
Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations (percent)	2%

Employee Benefit Plans - Sche_3

Employee Benefit Plans - Schedule of Fair Value of Pension Plan Assets by Asset Category (Details) - Pension plans - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Plan assets	$ 0	$ 186,600,000	$ 200,600,000
Total | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Plan assets		4,600,000
Quoted Prices in Active Markets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Plan assets		4,600,000
Quoted Prices in Active Markets (Level 1) | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Plan assets		4,600,000
Significant Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Plan assets		0
Significant Observable Inputs (Level 2) | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Plan assets		0
Assets measured at NAV
Defined Benefit Plan Disclosure [Line Items]
Plan assets		$ 182,000,000

Employee Benefit Plans - Sche_4

Employee Benefit Plans - Schedule of Estimated Future Benefit Payments for the Next Ten Years (Details) $ in Millions	Dec. 31, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
2023	$ 0.6
2024	1.1
2025	2.2
2026	0.6
2027	0.6
2028-2032	2.7
Other Post-retirement Benefits
Defined Benefit Plan Disclosure [Line Items]
2023	0.6
2024	0.6
2025	0.6
2026	0.6
2027	0.6
2028-2032	2.7
Other Post-retirement Benefits | Non-qualified Plan Benefits
Defined Benefit Plan Disclosure [Line Items]
2023	0
2024	0.5
2025	1.6
2026	0
2027	0
2028-2032	$ 0

Employee Benefit Plans - Sche_5

Employee Benefit Plans - Schedule of Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Loss (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Components of Net Periodic Benefit Cost
Pension termination	$ 76.9	$ 0	$ 0
Other Comprehensive Income (Loss), Tax	(18.3)	0	0
Pension Benefits
Components of Net Periodic Benefit Cost
Service cost	1.4	1.2	0.8
Interest cost	0.7	5.1	6.5
Expected return on plan assets	(2.6)	(5)	(6.8)
Amortization of net loss	1.7	2.5	2.5
Amortization of prior service cost	0.1	0	0
Pension termination	76.7	0	0
Net periodic benefit cost	78	3.8	3
Net gain (loss)	14.4	(28)	(3.8)
Amortization of net loss	1.7	2.6	2.5
Prior service cost	0	0	(0.1)
Amortization of prior service cost	0.1	0	0
Pension termination	76.7	0	0
Other Comprehensive Income (Loss), Tax	(18.3)	0	0
Total recognized in Other comprehensive income (loss)	74.6	(25.4)	(1.4)
Total recognized in net periodic benefit cost and Other comprehensive income (loss)	(3.4)	(29.2)	(4.4)
Other Post-retirement Benefits
Components of Net Periodic Benefit Cost
Service cost	0.1	0.1	0.1
Interest cost	0.4	0.3	0.3
Expected return on plan assets	0	0	0
Amortization of net loss	0.1	0	(0.1)
Amortization of prior service cost	0	0	0
Pension termination	0.1	0	0
Net periodic benefit cost	0.7	0.4	0.3
Net gain (loss)	2.2	0.6	(3.7)
Amortization of net loss	0.1	0.1	(0.1)
Prior service cost	0	0	0
Amortization of prior service cost	0	0	0
Pension termination	0.1	0	0
Other Comprehensive Income (Loss), Tax	(0.1)	0	0
Total recognized in Other comprehensive income (loss)	2.3	0.7	(3.8)
Total recognized in net periodic benefit cost and Other comprehensive income (loss)	1.6	0.3	(4.1)
Other Post-retirement Benefits | Non-qualified Plan Benefits
Components of Net Periodic Benefit Cost
Service cost	0	0	0
Interest cost	0.1	0	0.1
Expected return on plan assets	0	0	0
Amortization of net loss	0.1	0.1	0.1
Amortization of prior service cost	0	0	0
Pension termination	0.1	0	0
Net periodic benefit cost	0.3	0.1	0.2
Net gain (loss)	0.4	0	(0.2)
Amortization of net loss	0.1	0.1	0.1
Prior service cost	0	0	0
Amortization of prior service cost	0	0	0
Pension termination	0.1	0	0
Other Comprehensive Income (Loss), Tax	0.1	0	0
Total recognized in Other comprehensive income (loss)	0.7	0.1	(0.1)
Total recognized in net periodic benefit cost and Other comprehensive income (loss)	$ 0.4	$ 0	$ (0.3)

Employee Benefit Plans - Sche_6

Employee Benefit Plans - Schedule of Amounts Recognized on the Consolidated Balance Sheets and in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Pension Benefits
Amounts recognized in accumulated other comprehensive loss [Abstract]
Net gain (loss), net of taxes	$ 0	$ (74.5)
Unrecognized prior service credit (cost), net of taxes	0	(0.1)
Total Accumulated other comprehensive income (loss)	0	(74.6)
Other Post-retirement Benefits
Amounts recognized in accumulated other comprehensive loss [Abstract]
Net gain (loss), net of taxes	0.3	(2.6)
Unrecognized prior service credit (cost), net of taxes	0	0
Total Accumulated other comprehensive income (loss)	0.3	(2.6)
Other Post-retirement Benefits | Non-qualified Plan Benefits
Amounts recognized in accumulated other comprehensive loss [Abstract]
Net gain (loss), net of taxes	0	(0.7)
Unrecognized prior service credit (cost), net of taxes	0	0
Total Accumulated other comprehensive income (loss)	$ 0	$ (0.7)

Employee Benefit Plans - Sche_7

Employee Benefit Plans - Schedule of Weighted Average Assumptions used to Determine Benefit Information (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Pension Benefits
Weighted average assumptions used to determine net periodic benefit cost [Abstract]
Discount rate to determine benefit obligations		2.26%	2.40%
Discount rate to determine net cost		2.39%	3.28%
Expected return on plan assets		2.60%	3.70%
Interest crediting rates		2.15%	0.71%
Other Post-retirement Benefits
Weighted average assumptions used to determine net periodic benefit cost [Abstract]
Discount rate to determine benefit obligations	5.41%	2.86%	2.49%
Discount rate to determine net cost	3.51%	2.48%	3.38%
Assumed health care cost trend rates [Abstract]
Initial health care cost trend rate	5.90%	5.90%	5.70%
Ultimate rate	4%	4%	4.50%
Other Post-retirement Benefits | Minimum
Weighted average assumptions used to determine net periodic benefit cost [Abstract]
Rate of compensation increase	0.50%	0.50%	0.50%
Other Post-retirement Benefits | Maximum
Weighted average assumptions used to determine net periodic benefit cost [Abstract]
Rate of compensation increase	3%	3%	3%
Other Post-retirement Benefits | Non-qualified Plan Benefits
Weighted average assumptions used to determine net periodic benefit cost [Abstract]
Discount rate to determine benefit obligations	5.24%	1.68%	1.07%
Discount rate to determine net cost	1.68%	1.07%	2.48%
Interest crediting rates	2.15%	2.15%	0.71%

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Expense (Benefit) on Income from Continuing Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current:
Federal	$ (18)	$ 0.1	$ (0.1)
State	(0.3)	(0.1)	(0.3)
Current	(18.3)	0	(0.4)
Deferred:
Federal	0	0	0
State	0	0	0
Deferred	0	0	0
Income tax expense (benefit)	$ (18.3)	$ 0	$ (0.4)

Income Taxes - Schedule of In_2

Income Taxes - Schedule of Income Tax Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Computed federal income tax expense (benefit)	$ 3.9	$ 15.8	$ 4
State income taxes	(1.5)	1.4	(0.4)
Valuation allowance	5.3	(8)	(0.2)
REIT rate differential	(7.8)	(9)	(4.7)
Other non-deductible expense	0	0	0.6
Share-based compensation	(0.1)	0.1	0.2
Effective rate differences between current and deferred taxes	0.4	(0.5)	0.1
Pension termination	(18.3)	0	0
Other, net	(0.2)	0.2	0
Income tax expense (benefit)	$ (18.3)	$ 0	$ (0.4)

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, 2022	Dec. 31, 2021
Deferred tax assets:
Employee benefits	$ 6.3	$ 17.7
Capitalized costs	1.5	1.6
Joint ventures and other investments	6	6.4
Impairment and amortization	24.8	1.7
Solar investment benefits	14.9	15.7
Insurance and other reserves	7.2	6
Disallowed interest expense	8.9	10.5
Net operating losses	44.1	52.6
Operating lease liability	6.6	1.6
Other	1	3
Total deferred tax assets	121.3	116.8
Valuation allowance	(109.8)	(109.6)
Total net deferred tax assets	11.5	7.2
Deferred tax liabilities:
Property (including tax-deferred gains on real estate transactions)	5	5.6
Operating lease asset	6.5	1.6
Total deferred tax liabilities	11.5	7.2
Net deferred tax assets (liabilities)	$ 0	$ 0

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating Loss Carryforwards [Line Items]
Increase in valuation allowance	$ 200,000
Total recognized tax benefit	0	$ 0	$ 0
Accrued interest or penalties on unrecognized tax positions	0
Federal
Operating Loss Carryforwards [Line Items]
Tax credit carryforward	8,200,000
State net operating loss carryforwards	169,200,000
State net operating loss carryforwards, tax-effected	35,500,000
Federal | Expire In 2036
Operating Loss Carryforwards [Line Items]
Tax credit carryforward	8,100,000
Federal | Expire In 2039
Operating Loss Carryforwards [Line Items]
Tax credit carryforward	100,000
State
Operating Loss Carryforwards [Line Items]
Tax credit carryforward	6,700,000
State net operating loss carryforwards	169,700,000
State net operating loss carryforwards, tax-effected	$ 8,600,000

Income Taxes - Schedule of Valu

Income Taxes - Schedule of Valuation Allowance Activity (Details) - Deferred Tax Asset Valuation Allowance - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 109.6	$ 104	$ 99.3
Net Change	0.2	5.6	4.7
Balance at End of Year	$ 109.8	$ 109.6	$ 104

Earnings Per Share (_EPS_) - Sc

Earnings Per Share (“EPS”) - Schedule of Reconciliation of Income from Continuing Operations and Computation of Earnings per Share (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Income (loss) from continuing operations	$ 16.2	$ 5.8	$ 5.5	$ 9.6	$ 37.9	$ 7.8	$ 16	$ 13.7	$ 37.1	$ 75.4	$ 19.3
Distributions and allocations to participating securities									(0.2)	(0.3)	(0.1)
Continuing operations available to A&B common shareholders									36.9	75.1	19.2
Income (loss) from discontinued operations available to A&B shareholders	$ (87.9)	$ 1	$ (1.1)	$ 1.4	$ (31.5)	$ (1.3)	$ (3)	$ (3.8)	(86.6)	(39.6)	(14.1)
Exclude: Loss (income) attributable to discontinued noncontrolling interest									(1.1)	(0.4)	0.4
Net income (loss) available to A&B common shareholders									$ (50.8)	$ 35.1	$ 5.5
Effect of dilutive securities:
Denominator for basic EPS – weighted-average shares outstanding (in shares)	72,500	72,700	72,700	72,600	72,500	72,500	72,500	72,500	72,600	72,500	72,300
Stock options and restricted stock unit awards (in shares)									200	100	100
Denominator for diluted EPS – weighted average shares outstanding (in shares)	72,700	72,800	72,800	72,800	72,700	72,700	72,600	72,600	72,800	72,600	72,400

Earnings Per Share (_EPS_) - Na

Earnings Per Share (“EPS”) - Narrative (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Anti-dilutive securities excluded from the computation of weighted average dilutive shares outstanding (in shares)	100,000	0	300,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Schedule of Components of Accumulated Other Comprehensive Income (Loss), Net of Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 1,066.6	$ 1,096.1	$ 1,128.7
Other comprehensive income (loss) before reclassifications, net of taxes	21.9	(25.1)	(14.6)
Amounts reclassified from accumulated other comprehensive income (loss), net of taxes of	78.9	4.4	3.4
Income taxes related to other comprehensive income (loss)	(18.3)	0	0
Ending balance	1,035.7	1,066.6	1,096.1
Other comprehensive income (loss) before reclassifications, tax	0	0	0
Amounts reclassified from accumulated other comprehensive loss, tax	0	0	0
Pension Benefits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Income taxes related to other comprehensive income (loss)	(18.3)	0	0
Accumulated Other Compre- hensive Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(80.7)	(60)	(48.8)
Ending balance	1.8	(80.7)	(60)
Employee Benefit Plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(77.9)	(53.3)	(48)
Other comprehensive income (loss) before reclassifications, net of taxes	17	(27.4)	(7.7)
Amounts reclassified from accumulated other comprehensive income (loss), net of taxes of	78.9	2.8	2.4
Income taxes related to other comprehensive income (loss)	(18.3)
Ending balance	(0.3)	(77.9)	(53.3)
Employee Benefit Plans | Qualified Plans | Pension Benefits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(74.6)
Ending balance	0	(74.6)
Employee Benefit Plans | Qualified Plans | Post-retirement plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(2.6)
Ending balance	(0.3)	(2.6)
Employee Benefit Plans | Non-qualified Plan | Non-qualified benefit plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(0.7)
Ending balance	0	(0.7)
Interest Rate Swap
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(2.8)	(6.7)	(0.8)
Other comprehensive income (loss) before reclassifications, net of taxes	4.9	2.3	(6.9)
Amounts reclassified from accumulated other comprehensive income (loss), net of taxes of	0	1.6	1
Income taxes related to other comprehensive income (loss)	0
Ending balance	$ 2.1	$ (2.8)	$ (6.7)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Schedule of Reclassification out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity [Abstract]
Unrealized interest rate hedging gain (loss)	$ 4.9	$ 2.3	$ (6.9)
Impact of reclassification adjustment to interest expense included in Net Income (Loss)	0.5	1.6	1
Realized interest rate hedging gain (loss)	(0.5)	0	0
Actuarial gain (loss)	17	(27.4)	(7.7)
Net loss	1.9	2.8	2.5
Prior service cost	0	0	(0.1)
Amortization of prior service credit	0.1	0	0
Pension termination	76.9	0	0
Total before income tax	100.8	(20.7)	(11.2)
Income taxes related to other comprehensive income (loss)	(18.3)	0	0
Other comprehensive income (loss), net of tax	$ 82.5	$ (20.7)	$ (11.2)

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Receivables from related parties		$ 0
Land Operations | Affiliated Entity | Land Operations
Related Party Transaction [Line Items]
Revenue from related parties	$ 0.3	$ 4.5	$ 1.9
Receivables from related parties	$ 0

Segment Results - Narrative (De

Segment Results - Narrative (Details)	12 Months Ended
	Dec. 31, 2022 segment	Dec. 31, 2021 ft² a asset
Revenue, Major Customer [Line Items]
Number of operating segments	2	3
Number of reportable segments	2	3
Hawaii | Commercial property
Revenue, Major Customer [Line Items]
Area of real estate property | a		140.7
Land | Commercial property
Revenue, Major Customer [Line Items]
Rentable area | ft²		3,900,000

Segment Results - Schedule of O

Segment Results - Schedule of Operating Segment Information (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information, Profit (Loss) [Abstract]
Total operating revenue	$ 70.8	$ 49.4	$ 51.1	$ 59.2	$ 87.6	$ 49.7	$ 59.5	$ 57.2	$ 230.5	$ 254	$ 190.3
Total segment operating profit (loss)									80.1	125.8	67.8
Gain (loss) on disposal of commercial real estate properties, net									0	2.8	0.5
Interest expense									(22)	(26.2)	(30.2)
Corporate and other expense									(39.3)	(27)	(19.2)
Income (Loss) from Continuing Operations Before Income Taxes									18.8	75.4	18.9
Total assets	1,787.3				1,879.8				1,787.3	1,879.8	2,036
Capital expenditures									21.7	47.2	20.6
Depreciation and Amortization									38	39.6	42.5
Total operating profit (loss)	26.9	$ 19	$ 11.8	$ 22.4	49.5	$ 20.8	$ 28.7	$ 26.6	115.7	85.4	42.4
Pension termination charges									76.9	0	0
Gain (loss) on disposal of non-core assets, net									54	0.1	8.9
Scenario, Adjustment
Segment Reporting Information, Profit (Loss) [Abstract]
Total segment operating profit (loss)										38.3	13.1
Disposal Group, Not Discontinued Operations | McBryde Resources, Inc.,
Segment Reporting Information, Profit (Loss) [Abstract]
Gain (loss) on disposal of non-core assets, net									54
Commercial Real Estate
Segment Reporting Information, Profit (Loss) [Abstract]
Commercial Real Estate									187.2	174.1	151.6
Total segment operating profit (loss)									81.5	72.6	49.8
Land Operations
Segment Reporting Information, Profit (Loss) [Abstract]
Revenues									43.3	79.9	38.7
Total segment operating profit (loss)									(1.4)	53.2	18
Land Operations | Scenario, Adjustment
Segment Reporting Information, Profit (Loss) [Abstract]
Total operating revenue											(1.9)
Total segment operating profit (loss)										(2.5)	2.1
Total operating profit (loss)											(1.9)
Operating Segments | Discontinued Operations
Segment Reporting Information, Profit (Loss) [Abstract]
Total assets	126.8				154.7				126.8	154.7	185.2
Operating Segments | Commercial Real Estate
Segment Reporting Information, Profit (Loss) [Abstract]
Capital expenditures									21.4	39.6	18.8
Depreciation and Amortization									36.5	37.7	40.1
Pension termination charges									0.7
Operating Segments | Commercial Real Estate | Continuing Operations
Segment Reporting Information, Profit (Loss) [Abstract]
Total assets	1,499.9				1,499.5				1,499.9	1,499.5	1,499.9
Operating Segments | Land Operations
Segment Reporting Information, Profit (Loss) [Abstract]
Capital expenditures									0.2	7.4	1.4
Depreciation and Amortization									1.2	1.1	1.5
Pension termination charges									62.2
Operating Segments | Land Operations | Scenario, Adjustment
Segment Reporting Information, Profit (Loss) [Abstract]
Total assets					23.4					23.4	26.7
Operating Segments | Land Operations | Continuing Operations
Segment Reporting Information, Profit (Loss) [Abstract]
Total assets	112				144.5				112	144.5	285.1
Corporate, Non-Segment
Segment Reporting Information, Profit (Loss) [Abstract]
Capital expenditures									0.1	0.2	0.4
Depreciation and Amortization									0.3	0.8	0.9
Corporate, Non-Segment | Continuing Operations
Segment Reporting Information, Profit (Loss) [Abstract]
Total assets	$ 48.6				$ 81.1				$ 48.6	$ 81.1	$ 65.8

Long-lived Assets - Disposals (

Long-lived Assets - Disposals (Details) $ in Millions	3 Months Ended
	Sep. 30, 2020 USD ($)
Schedule of Equity Method Investments [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]	Gain (loss) on disposal of non-core assets, net
Not Discontinued Operations | Port Allen Solar Power Facility assets
Schedule of Equity Method Investments [Line Items]
Purchase consideration upon disposal	$ 17.1
Net gain (loss) on disposal	$ 8.9

Sale of Business (Details)

Sale of Business (Details) $ in Millions		12 Months Ended
	May 31, 2022 USD ($) a	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Schedule of Equity Method Investments [Line Items]
Proceeds from disposal of assets		$ 73.1	$ 3	$ 22.9
Gain (loss) on disposal of non-core assets, net		54	$ 0.1	$ 8.9
Disposal Group, Not Discontinued Operations | McBryde Resources, Inc.,
Schedule of Equity Method Investments [Line Items]
Area of land | a	18,900
Proceeds from disposal of assets	$ 73.9
Gain (loss) on disposal of non-core assets, net		$ 54
Escrow Receivable	$ 0.9
McBryde Resources, Inc., | Disposal Group, Not Discontinued Operations | McBryde Resources, Inc.,
Schedule of Equity Method Investments [Line Items]
Ownership interest percentage (in percent)	100%

Held for Sale and Discontinue_3

Held for Sale and Discontinued Operations - Schedule of Income From Discontinued Operations, Net of Taxes And Noncontrolling Interest Included in Consolidated Statements Of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income tax benefit (expense) attributable to discontinued operations									$ 1.1	$ 0.4	$ (0.4)
Income (loss) from discontinued operations, net of income taxes and noncontrolling interest	$ (87.9)	$ 1	$ (1.1)	$ 1.4	$ (31.5)	$ (1.3)	$ (3)	$ (3.8)	(86.6)	(39.6)	(14.1)
Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue									171.2	126.2	116.6
Cost of sales									(153.5)	(121)	(109.3)
Selling, general and administrative									(14.5)	(15.6)	(15.5)
Impairment of assets											(5.6)
Gain (loss) on disposal of non-core assets, net									0.1	0.1	0.2
Operating income (loss) from discontinued operations									(86.5)	(36.4)	(13.6)
Income (loss) related to joint ventures									(0.4)	(0.4)	(0.8)
Impairment of equity method investments									0	(2.9)	0
Interest and other income (expense), net									0.5	0.2	0.4
Interest expense									(0.2)	(0.1)	(0.1)
Income (loss) from discontinued operations before income taxes									(86.6)	(39.6)	(14.1)
Income tax benefit (expense) attributable to discontinued operations									0	0	0
Income (loss) from discontinued operations									(86.6)	(39.6)	(14.1)
Loss (income) attributable to discontinued noncontrolling interest									(1.1)	(0.4)	0.4
Income (loss) from discontinued operations, net of income taxes and noncontrolling interest									(87.7)	(40)	(13.7)
Disposal group, including discontinued operation, resolution of liabilities, costs									(0.4)	(1.1)	$ (0.8)
Inventories	45				19.8				45	19.8
Prepaid expenses and other assets	42				24.7				42	24.7
Total Assets held for sale	126.8				154.7				126.8	154.7
Operating lease liabilities	31.3				12.9				31.3	12.9
Accrued and other liabilities	$ 25.4				$ 24.3				$ 25.4	$ 24.3

Held for Sale and Discontinue_4

Held for Sale and Discontinued Operations - Schedule of Assets And Liabilities Held For Sale Included in Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total Liabilities associated with assets held for sale	$ 81	$ 45.8
Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	0.1	4.6
Accounts receivable and retention, net of allowance for credit losses and allowance for doubtful accounts of $0.4 million and $0.5 million as of December 31, 2022, and December 31, 2021, respectively	30.8	26.7
Inventories	45	19.8
Other property, net	67.4	65.7
Operating lease right-of-use assets	31.3	13.2
Prepaid expenses and other assets	42	24.7
Less: Impairment recognized on classification as held for sale	(89.8)	0
Total Assets held for sale	126.8	154.7
Notes payable and other debt	14.1	2
Accounts payable	10.2	6.4
Operating lease liabilities	31.3	12.9
Deferred revenue	0	0.2
Accrued and other liabilities	25.4	24.3
Total Liabilities associated with assets held for sale	81	45.8
Allowances (credit losses and doubtful accounts)	$ 0.4	$ 0.5

Held for Sale and Discontinue_5

Held for Sale and Discontinued Operations - Related Party Transactions within Discontinued Operations and Held for Sale (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Receivables from related parties		$ 0
Supplier Contracts | Affiliated Entity | Materials & Construction
Schedule of Equity Method Investments [Line Items]
Revenue from related parties	$ 16.9	9.3	$ 8.6
Lease Agreements | Affiliated Entity | Real estate leasing and development
Schedule of Equity Method Investments [Line Items]
Expenses related to affiliates	4.8	1.4	$ 1.1
Construction Contracts | Affiliated Entity | Real estate leasing and development
Schedule of Equity Method Investments [Line Items]
Receivables from related parties	6.9	1.1
Payables to related parties	$ 0.4	$ 0.3

Subsequent Event (Details)

Subsequent Event (Details) - $ / shares		12 Months Ended
	Feb. 28, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Subsequent Event [Line Items]
Dividends declared (in dollars per share)		$ 0.83	$ 0.67	$ 0.34
Subsequent Event
Subsequent Event [Line Items]
Dividends declared (in dollars per share)	$ 0.22

Unaudited Summarized Quarterl_3

Unaudited Summarized Quarterly Information (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Revenue	$ 70.8	$ 49.4	$ 51.1	$ 59.2	$ 87.6	$ 49.7	$ 59.5	$ 57.2	$ 230.5	$ 254	$ 190.3
Total operating profit (loss)	26.9	19	11.8	22.4	49.5	20.8	28.7	26.6	115.7	85.4	42.4
Income (loss) from continuing operations	16.2	5.8	5.5	9.6	37.9	7.8	16	13.7	37.1	75.4	19.3
Income (loss) from discontinued operations, net of income taxes	(87.9)	1	(1.1)	1.4	(31.5)	(1.3)	(3)	(3.8)	(86.6)	(39.6)	(14.1)
Net income (loss) attributable to A&B shareholders	(71.6)	6.4	4.1	10.5	6.3	6.4	12.8	9.9	$ (50.6)	$ 35.4	$ 5.6
Net income (loss) available to A&B common shareholders	$ (71.6)	$ 6.3	$ 4	$ 10.5	$ 6.1	$ 6.3	$ 12.8	$ 9.9
Continuing operations available to A&B shareholders (in dollars per share)	$ 0.22	$ 0.08	$ 0.08	$ 0.13	$ 0.52	$ 0.11	$ 0.22	$ 0.19	$ 0.51	$ 1.03	$ 0.27
Discontinued operations available to A&B shareholders (in dollars per share)	(1.21)	0.01	(0.02)	0.01	(0.44)	(0.02)	(0.04)	(0.05)	(1.21)	(0.55)	(0.19)
Basic earnings (loss) per share (in dollars per share)	(0.99)	0.09	0.06	0.14	0.08	0.09	0.18	0.14	(0.70)	0.48	0.08
Continuing operations available to A&B shareholders (in dollars per share)	0.22	0.08	0.07	0.13	0.51	0.11	0.22	0.19	0.50	1.03	0.27
Discontinued operations available to A&B shareholders (in dollars per share)	(1.21)	0.01	(0.02)	0.01	(0.43)	(0.02)	(0.04)	(0.05)	(1.20)	(0.55)	(0.19)
Diluted earnings (loss) per share (in dollars per share)	$ (0.99)	$ 0.09	$ 0.05	$ 0.14	$ 0.08	$ 0.09	$ 0.18	$ 0.14	$ (0.70)	$ 0.48	$ 0.08
Basic (in shares)	72,500	72,700	72,700	72,600	72,500	72,500	72,500	72,500	72,600	72,500	72,300
Diluted (in shares)	72,700	72,800	72,800	72,800	72,700	72,700	72,600	72,600	72,800	72,600	72,400

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Gross Amounts of Which Carried at Close of Period
Total	$ 1,658.8	$ 1,653.2	$ 1,625.4	$ 1,619.3
Accumulated Depreciation	(202.3)	$ (180.5)	$ (154.4)	$ (127.5)
Aggregate tax basis	$ 675.6
Minimum | Building and improvements
Gross Amounts of Which Carried at Close of Period
Estimated useful life or lease term	10 years
Property, plant and equipment, useful life	10 years
Minimum | Leasehold improvements
Gross Amounts of Which Carried at Close of Period
Estimated useful life or lease term	5 years
Property, plant and equipment, useful life	5 years
Minimum | Other property improvements
Gross Amounts of Which Carried at Close of Period
Estimated useful life or lease term	3 years
Property, plant and equipment, useful life	3 years
Maximum | Building and improvements
Gross Amounts of Which Carried at Close of Period
Estimated useful life or lease term	40 years
Property, plant and equipment, useful life	40 years
Maximum | Leasehold improvements
Gross Amounts of Which Carried at Close of Period
Estimated useful life or lease term	10 years
Property, plant and equipment, useful life	10 years
Maximum | Other property improvements
Gross Amounts of Which Carried at Close of Period
Estimated useful life or lease term	35 years
Property, plant and equipment, useful life	35 years
Commercial Real Estate
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 193.4
Initial Cost
Land	730.9
Buildings and Improvements	612.2
Costs Capitalized Subsequent to Acquisition
Improvements	247.2
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	771.7
Buildings and Improvements	818.6
Total	1,590.3
Accumulated Depreciation	(201.8)
Commercial Real Estate | Kapolei Enterprise Center (HI) | Hawaii | Industrial
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	7.9
Buildings and Improvements	16.8
Costs Capitalized Subsequent to Acquisition
Improvements	0.7
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	7.9
Buildings and Improvements	17.5
Total	25.4
Accumulated Depreciation	(2.1)
Commercial Real Estate | Harbor Industrial (HI) | Hawaii | Industrial
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	0.1
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	1.3
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	0.1
Buildings and Improvements	1.3
Total	1.4
Accumulated Depreciation	(1.2)
Commercial Real Estate | Honokohau Industrial (HI) | Hawaii | Industrial
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	5
Buildings and Improvements	4.8
Costs Capitalized Subsequent to Acquisition
Improvements	0.1
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	5
Buildings and Improvements	4.9
Total	9.9
Accumulated Depreciation	(0.8)
Commercial Real Estate | Kailua Industrial/Other (HI) | Hawaii | Industrial
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	10.5
Buildings and Improvements	2
Costs Capitalized Subsequent to Acquisition
Improvements	0.8
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	10.6
Buildings and Improvements	2.7
Total	13.3
Accumulated Depreciation	(0.7)
Commercial Real Estate | Kakaako Commerce Center (HI) | Hawaii | Industrial
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	3.4
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	16.9
Buildings and Improvements	24
Total	40.9
Accumulated Depreciation	(4.5)
Commercial Real Estate | Komohana Industrial Park (HI) | Hawaii | Industrial
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	1.8
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	25.4
Buildings and Improvements	12.4
Total	37.8
Accumulated Depreciation	(4.3)
Commercial Real Estate | Opule Industrial (HI) | Hawaii | Industrial
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	10.9
Buildings and Improvements	27.1
Costs Capitalized Subsequent to Acquisition
Improvements	0
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	10.9
Buildings and Improvements	27.1
Total	38
Accumulated Depreciation	(2.8)
Commercial Real Estate | P&L Warehouse (HI) | Hawaii | Industrial
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	1.8
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	0
Buildings and Improvements	1.8
Total	1.8
Accumulated Depreciation	(0.9)
Commercial Real Estate | Port Allen (HI) | Hawaii | Industrial
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	0
Buildings and Improvements	0.7
Costs Capitalized Subsequent to Acquisition
Improvements	2.3
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	0
Buildings and Improvements	3
Total	3
Accumulated Depreciation	(2.4)
Commercial Real Estate | Waipio Industrial (HI) | Hawaii | Industrial
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	1.5
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	19.7
Buildings and Improvements	9.1
Total	28.8
Accumulated Depreciation	(3)
Commercial Real Estate | Kahai Street Industrial (HI) | Hawaii | Industrial
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	4.4
Buildings and Improvements	2
Costs Capitalized Subsequent to Acquisition
Improvements	0
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	4.4
Buildings and Improvements	2
Total	6.4
Accumulated Depreciation	(0.1)
Commercial Real Estate | Maui Lani Industrial (HI) | Hawaii | Industrial
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	0.2
Buildings and Improvements	0.3
Costs Capitalized Subsequent to Acquisition
Improvements	0
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	0.2
Buildings and Improvements	0.3
Total	0.5
Accumulated Depreciation	0
Commercial Real Estate | Kahului Office Building (HI) | Hawaii | Office Properties
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	1
Buildings and Improvements	0.4
Costs Capitalized Subsequent to Acquisition
Improvements	7.9
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	1
Buildings and Improvements	8.3
Total	9.3
Accumulated Depreciation	(7.8)
Commercial Real Estate | Kahului Office Center (HI) | Hawaii | Office Properties
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	4.7
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	0
Buildings and Improvements	4.7
Total	4.7
Accumulated Depreciation	(4)
Commercial Real Estate | Lono Center (HI) | Hawaii | Office Properties
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	0
Buildings and Improvements	1.4
Costs Capitalized Subsequent to Acquisition
Improvements	1.6
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	0
Buildings and Improvements	3
Total	3
Accumulated Depreciation	(1.8)
Commercial Real Estate | Gateway at Mililani Mauka South (HI) | Hawaii | Office Properties
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	7
Buildings and Improvements	3.5
Costs Capitalized Subsequent to Acquisition
Improvements	7.3
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	7
Buildings and Improvements	10.8
Total	17.8
Accumulated Depreciation	(2.4)
Commercial Real Estate | Aikahi Park Shopping Center (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	23.5
Buildings and Improvements	6.7
Costs Capitalized Subsequent to Acquisition
Improvements	19.5
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	25.9
Buildings and Improvements	23.8
Total	49.7
Accumulated Depreciation	(4.7)
Commercial Real Estate | Gateway at Mililani Mauka (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	6.8
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	7.8
Buildings and Improvements	11
Total	18.8
Accumulated Depreciation	(2.8)
Commercial Real Estate | Hokulei Street (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	16.9
Buildings and Improvements	36.5
Costs Capitalized Subsequent to Acquisition
Improvements	2.9
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	17
Buildings and Improvements	39.3
Total	56.3
Accumulated Depreciation	(6.2)
Commercial Real Estate | Kahului Shopping Center (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	3.3
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	0.6
Buildings and Improvements	2.7
Total	3.3
Accumulated Depreciation	(1.9)
Commercial Real Estate | Kailua Retail Other (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	85.1
Buildings and Improvements	73.8
Costs Capitalized Subsequent to Acquisition
Improvements	23.2
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	87.1
Buildings and Improvements	95
Total	182.1
Accumulated Depreciation	(24.1)
Commercial Real Estate | Kaneohe Bay Shopping Ctr. (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	0
Buildings and Improvements	13.4
Costs Capitalized Subsequent to Acquisition
Improvements	4
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	0.9
Buildings and Improvements	16.5
Total	17.4
Accumulated Depreciation	(8.7)
Commercial Real Estate | Kunia Shopping Center (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	3.2
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	3
Buildings and Improvements	13.5
Total	16.5
Accumulated Depreciation	(6.5)
Commercial Real Estate | Lanihau Marketplace (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	2.9
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	9.4
Buildings and Improvements	16.1
Total	25.5
Accumulated Depreciation	(5.9)
Commercial Real Estate | Laulani Village (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	59
Initial Cost
Land	43.4
Buildings and Improvements	64.3
Costs Capitalized Subsequent to Acquisition
Improvements	3.1
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	43.4
Buildings and Improvements	67.4
Total	110.8
Accumulated Depreciation	(10)
Commercial Real Estate | Manoa Marketplace (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	54.5
Initial Cost
Land	43.3
Buildings and Improvements	35.9
Costs Capitalized Subsequent to Acquisition
Improvements	14.2
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	45.1
Buildings and Improvements	48.3
Total	93.4
Accumulated Depreciation	(8.3)
Commercial Real Estate | Napili Plaza (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	9.4
Buildings and Improvements	8
Costs Capitalized Subsequent to Acquisition
Improvements	2.1
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	10
Buildings and Improvements	9.5
Total	19.5
Accumulated Depreciation	(3)
Commercial Real Estate | Pearl Highlands Center (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	79.9
Initial Cost
Land	43.4
Buildings and Improvements	96.2
Costs Capitalized Subsequent to Acquisition
Improvements	19.1
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	43.6
Buildings and Improvements	115.1
Total	158.7
Accumulated Depreciation	(31)
Commercial Real Estate | Port Allen Marina Ctr. (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in 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 of Which Carried at Close of Period
Land	0
Buildings and Improvements	4.5
Total	4.5
Accumulated Depreciation	(2.7)
Commercial Real Estate | The Collection (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	0.4
Buildings and Improvements	2.2
Costs Capitalized Subsequent to Acquisition
Improvements	0.8
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	0.4
Buildings and Improvements	3
Total	3.4
Accumulated Depreciation	(0.5)
Commercial Real Estate | The Shops at Kukui'ula (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	8.9
Buildings and Improvements	30.1
Costs Capitalized Subsequent to Acquisition
Improvements	5
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	9.4
Buildings and Improvements	34.6
Total	44
Accumulated Depreciation	(9.8)
Commercial Real Estate | Waianae Mall (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	9.6
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	18
Buildings and Improvements	19.1
Total	37.1
Accumulated Depreciation	(5.3)
Commercial Real Estate | Waipio Shopping Center (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	24
Buildings and Improvements	7.6
Costs Capitalized Subsequent to Acquisition
Improvements	2.5
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	24.5
Buildings and Improvements	9.6
Total	34.1
Accumulated Depreciation	(3.3)
Commercial Real Estate | Lau Hala Shops (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	39.1
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	15.2
Buildings and Improvements	23.9
Total	39.1
Accumulated Depreciation	(4.5)
Commercial Real Estate | Ho'okele (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	31.3
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	13.5
Buildings and Improvements	17.8
Total	31.3
Accumulated Depreciation	(3.2)
Commercial Real Estate | Puunene Shopping Center (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	24.8
Buildings and Improvements	28.6
Costs Capitalized Subsequent to Acquisition
Improvements	7.9
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	25.2
Buildings and Improvements	36.1
Total	61.3
Accumulated Depreciation	(7)
Commercial Real Estate | Queens' Marketplace (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	20.4
Buildings and Improvements	58.9
Costs Capitalized Subsequent to Acquisition
Improvements	1.5
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	20.3
Buildings and Improvements	60.5
Total	80.8
Accumulated Depreciation	(6.5)
Commercial Real Estate | Waipouli Town Center (HI) | Hawaii | Retail Centers
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	5.9
Buildings and Improvements	9.7
Costs Capitalized Subsequent to Acquisition
Improvements	1.6
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	6
Buildings and Improvements	11.2
Total	17.2
Accumulated Depreciation	(1.4)
Commercial Real Estate | Oahu Ground Leases (HI) | Hawaii | Other
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	235.5
Buildings and Improvements	0.1
Costs Capitalized Subsequent to Acquisition
Improvements	0.1
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	235.7
Buildings and Improvements	0
Total	235.7
Accumulated Depreciation	0
Commercial Real Estate | Other non-core landholdings | Other
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	0.5
Buildings and Improvements	0.1
Costs Capitalized Subsequent to Acquisition
Improvements	7.2
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	0.6
Buildings and Improvements	7.2
Total	7.8
Accumulated Depreciation	5.7
Land Operations | Hawaii
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	37.9
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	38.9
Carrying Costs	(8.3)
Gross Amounts of Which Carried at Close of Period
Land	30.3
Buildings and Improvements	38.2
Total	68.5
Accumulated Depreciation	(0.5)
Land Operations | Kapolei Business Park West | Hawaii
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	6.2
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	6.2
Buildings and Improvements	0
Total	6.2
Accumulated Depreciation	0
Land Operations | Kamalani | Hawaii
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	5.2
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	0
Buildings and Improvements	5.2
Total	5.2
Accumulated Depreciation	0
Land Operations | Maui Business Park II | Hawaii
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	22.1
Carrying Costs	0
Gross Amounts of Which Carried at Close of Period
Land	0
Buildings and Improvements	22.1
Total	22.1
Accumulated Depreciation	0
Land Operations | Wailea | Hawaii
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	24.5
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	9.5
Carrying Costs	(3.1)
Gross Amounts of Which Carried at Close of Period
Land	21.9
Buildings and Improvements	9
Total	30.9
Accumulated Depreciation	0
Land Operations | Other non-core landholdings | Hawaii
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	7.2
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	2.1
Carrying Costs	(5.2)
Gross Amounts of Which Carried at Close of Period
Land	2.2
Buildings and Improvements	1.9
Total	4.1
Accumulated Depreciation	$ (0.5)

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation - Reconciliations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Real Estate
Balance at beginning of year	$ 1,653.2	$ 1,625.4	$ 1,619.3
Additions and improvements	24.5	45.4	20.4
Dispositions, retirements and other adjustments	(13.9)	(17.6)	(14.3)
Impairment of assets	(5)	0	0
Balance at end of year	1,658.8	1,653.2	1,625.4
Reconciliation of Accumulated Depreciation
Balance at beginning of year	180.5	154.4	127.5
Depreciation expense	28.6	27.3	27.4
Dispositions, retirements and other adjustments	(6.8)	(1.2)	(0.5)
Balance at end of year	$ 202.3	$ 180.5	$ 154.4