United States securities and exchange commission logo
June 22, 2023
Clayton Chun
Executive Vice President, Chief Financial Officer and Treasurer
Alexander & Baldwin, Inc.
822 Bishop Street
Post Office Box 3440
Honolulu, Hawaii 96801
Re: Alexander &
Baldwin, Inc.
Form 10-K for the
year ended December 31, 2022
File No. 001-35492
Dear Clayton Chun:
We have limited our review of your filing to the financial
statements and related
disclosures and have the following comment. In our comment, we may ask
you to provide us
with information so we may better understand your disclosure.
Please respond to this comment within ten business days by
providing the requested
information or advise us as soon as possible when you will respond. If
you do not believe our
comment applies to your facts and circumstances, please tell us why in
your response.
After reviewing your
response to this comment, we may have additional comments.
Form 10-K for the year ended December 31, 2022
Critical Accounting Estimates, page 43
1. We note your accounting
policy disclosure that you reclassify disposal groups as held for
sale when the held for
sale criteria are met and that you report disposal groups as
discontinued operations
when the discontinued operations criteria are met. Please tell us
what consideration you
gave to including a discussion of these criteria and how the Grace
Disposal Group met them
within your critical accounting estimates. In addition, please
tell us how you
determined the Grace Disposal Group met the held for sale and
discontinued operations
criteria.
In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.
You may contact Eric
McPhee at 202-551-3693 or Jennifer Monick at 202-551-3295 with
Clayton Chun
Alexander & Baldwin, Inc.
June 22, 2023
Page 2
any questions.
FirstName LastNameClayton Chun Sincerely,
Comapany NameAlexander & Baldwin, Inc.
Division of Corporation Finance
June 22, 2023 Page 2 Office of Real Estate & Construction
FirstName LastName