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BUSINESS SEGMENT AND GEOGRAPHIC AREA INFORMATION
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
BUSINESS SEGMENT AND GEOGRAPHIC AREA INFORMATION BUSINESS SEGMENT AND GEOGRAPHIC AREA INFORMATION
The Company has three reportable segments as follows:

Paperboard Manufacturing, formerly referred to as the Paperboard Mills reportable segment, includes the seven North American paperboard facilities that produce recycled, unbleached and bleached paperboard, which is consumed internally to produce paperboard consumer packaging for the Americas and Europe Packaging segments. Paperboard not consumed internally is sold externally to a wide variety of paperboard packaging converters and brokers. The Paperboard Manufacturing segment's Net Sales represent the sale of paperboard only to external customers. The effect of intercompany transfers to the paperboard packaging segments has been eliminated from the Paperboard Manufacturing segment to reflect the economics of the integration of these segments.

Americas Paperboard Packaging includes paperboard packaging sold primarily to consumer packaged goods (“CPG”) companies and cups, lids and food containers sold primarily to foodservice companies and quick-service restaurants (“QSR”) serving the food, beverage, and consumer product markets in the Americas.

Europe Paperboard Packaging includes paperboard packaging sold primarily to CPG companies serving the food, beverage and consumer product markets, including healthcare and beauty, primarily in Europe.
The Company allocates certain paperboard manufacturing and corporate costs to the reportable segments to appropriately represent the economics of these segments. The Corporate and Other caption includes the Pacific Rim and Australia operating segments and unallocated corporate and one-time costs.

These segments are evaluated by the chief operating decision maker based primarily on Income from Operations as adjusted for depreciation and amortization. The accounting policies of the reportable segments are the same as those described above in “Note 1 - Nature of Business and Summary of Significant Accounting Policies.”

The Company did not have any one customer who accounted for 10% or more of the Company's net sales during 2023, 2022 or 2021.
Business segment information is as follows:

Year Ended December 31,
In millions202320222021
NET SALES:
Paperboard Manufacturing$1,022 $1,290 $1,007 
Americas Paperboard Packaging6,200 6,015 4,996 
Europe Paperboard Packaging2,024 1,973 992 
Corporate/Other/Eliminations(a)
182 162 161 
Total$9,428 $9,440 $7,156 
INCOME (LOSS) FROM OPERATIONS:
Paperboard Manufacturing(b)(c)
$(23)$45 $(10)
Americas Paperboard Packaging(c)(d)
1,088 800 456 
Europe Paperboard Packaging(c)(e)
127 59 82 
Corporate and Other(c)
(18)2 (121)
Total
$1,174 $906 $407 
CAPITAL EXPENDITURES:
Paperboard Manufacturing$479 $336 $615 
Americas Paperboard Packaging144 131 113 
Europe Paperboard Packaging101 43 37 
Corporate and Other80 39 37 
Total$804 $549 $802 
DEPRECIATION AND AMORTIZATION:
Paperboard Manufacturing(b)
$284 $242 $231 
Americas Paperboard Packaging(d)
186 173 176 
Europe Paperboard Packaging113 109 53 
Corporate and Other36 29 29 
Total$619 $553 $489 
(a) Includes revenue from customers for the Australia and Pacific Rim operating segments.
(b) Includes accelerated depreciation related to exit activities in 2023, 2022, and 2021 (see “Note 18 - Exit Activities”).
(c) Includes expenses related to business combinations, other special charges, and exit activities (see “Note 1 - General Information”).
(d) Includes accelerated depreciation related to exit activities in 2023 (see “Note 18 - Exit Activities”).
(e) Includes impairment charges related to Russia. (see “Note 19 - Impairment and Divestiture of Russian Business”).

December 31,
In millions202320222021
ASSETS AT DECEMBER 31:
Paperboard Manufacturing
$3,905 $3,516 $3,482 
Americas Paperboard Packaging
4,220 3,822 3,682 
Europe Paperboard Packaging
2,484 2,474 2,669 
Corporate and Other
566 516 624 
Total
$11,175 $10,328 $10,457 
Business geographic area information is as follows:

Year Ended December 31,
In millions202320222021
NET SALES:
United States
$6,646 $6,741 $5,543 
International(a)
2,782 2,699 1,613 
Total
$9,428 $9,440 $7,156 
In millions202320222021
LONG-LIVED ASSETS AT DECEMBER 31:
United States
$4,178 $3,813 $3,865 
International(a)
814 766 812 
Total
$4,992 $4,579 $4,677 
(a) Net Sales and long-lived assets of individual countries outside of the United States are not material.