HELD FOR SALE AND DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Earnings from Discontinued Operations, Net of Tax

The following table presents net earnings from discontinued operations. As all discontinued operations were sold in 2016, no assets or liabilities remain as of June 30, 2017, or December 31, 2016.

	QUARTER ENDED			YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS	JUNE 2016			JUNE 2016
Total net sales	$	456		$	886
Costs of products sold	374			760
Gross margin	82			126
Selling expenses	3			7
General and administrative expenses	8			17
Research and development expenses	2			3
Charges for integration and restructuring, closures and asset impairments(1)	25			31
Other operating income, net	(10		)	(19		)
Operating income	54			87
Equity loss from joint venture	(1		)	(3		)
Interest expense, net of capitalized interest	(1		)	(3		)
Earnings from discontinued operations before income taxes	52			81
Income taxes	(14		)	(23		)
Net earnings from discontinued operations	$	38		58

(1) Charges relate to our strategic evaluation of the Cellulose Fibers businesses and transaction-related costs.

Cash Flows from Discontinued Operations

Cash flows from discontinued operations for the three and six months ended June 30, 2016, are as follows:

	QUARTER ENDED			YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS	JUNE 2016			JUNE 2016
Net cash provided by (used in) operating activities	$	68		$	134
Net cash provided by (used in) investing activities	$	(12	)	$	(34	)