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DISCONTINUED OPERATIONS AND OTHER DIVESTITURES (Tables)
 12 Months Ended
Dec. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Sales and Net Earnings from Discontinued Operations
Sales and Net Earnings from Discontinued Operations
DOLLAR AMOUNTS IN MILLIONS
  
2016(1)

2015(2)

Total net sales
$
1,537

$
1,860

Costs of products sold
1,283

1,573

Gross margin
254

287

Selling expenses
12

14

General and administrative expenses
29

30

Research and development expenses
5

6

Charges for integration and restructuring, closures and asset impairments(3)
63

2

Other operating income, net
(27
)
(26
)
Operating income
172

261

Equity loss from joint venture
(4
)
(105
)
Interest expense, net of capitalized interest
(5
)
(6
)
Earnings from discontinued operations before income taxes
163

150

Income taxes
(97
)
(55
)
Net earnings from operations
66

95

Net gain on divestiture of Cellulose Fibers
546

—

Net earnings from discontinued operations
$
612

$
95

(1) Discontinued operations in 2016 includes 335 days of the pulp business, 305 days of our printing papers joint venture operations, and 244 days of the liquid packaging board business.
(2) Discontinued operations in 2015 includes a full year of the Cellulose Fibers business segment operations.
(3) Charges for integration and restructuring, closures and asset impairments consist of costs related to our strategic evaluation of the Cellulose Fibers businesses and transaction-related costs.
Cash Flows from Discontinued Operations
Cash Flows from Discontinued Operations
DOLLAR AMOUNTS IN MILLIONS
  
2016(1)

2015(2)

Net cash provided by (used in) operating activities
$
196

$
429

Net cash provided by (used in) investing activities
$
2,356

$
(118
)
(1) Discontinued operations in 2016 includes 335 days of the pulp business, 305 days of our printing papers joint venture operations, and 244 days of the liquid packaging board business, and the cash flows associated with the CF divestitures.
(2) Discontinued operations in 2015 includes a full year of the Cellulose Fibers business segment operations.
Cellulose Fibers  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Components of the net gain on divestitures
The following table presents the components of the net gain on the divestiture of Cellulose Fibers:
DOLLAR AMOUNTS IN MILLIONS
  
2016

Proceeds, net of cash and cash equivalents disposed of
$
2,486

Less:
 
Net book value of assets and liabilities disposed of
(1,678
)
Transaction costs, net of reimbursement
(19
)
 
(1,697
)
Pretax gain on Cellulose Fibers divestitures
789

Income taxes
(243
)
Net gain on Cellulose Fibers divestitures
$
546