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FINANCIAL INFORMATION BY BUSINESS SEGMENT AND GEOGRAPHIC AREA (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting
INFORMATION BY BUSINESS SEGMENT
Net Sales
In millions202320222021
Europe
$821 $501 $366 
Latin America
1,006 1,023 786 
North America
1,951 2,173 1,718 
Corporate and Intersegment Sales
(57)(69)(42)
Net Sales
$3,721 $3,628 $2,828 
The Company had one customer within our North America business segment that represented approximately 14%, 13% and 12% of our consolidated and combined net sales for the years ended December 31, 2023, 2022 and 2021, respectively.
Business Segment Operating Profit
In millions
202320222021
Europe
$(25)$50 $(29)
Latin America
197 212 194 
North America
269 291 133 
Business Segment Operating Profit
$441 $553 $298 
Income from continuing operations before income taxes
$369 $467 $328 
Interest expense (income), net
34 69 (1)
Corporate special items, net14 12 
Other special items, net
24 (34)
Business Segment Operating Profit$441 $553 $298 
Other Special Items, Net
In millions
202320222021
Europe
$19 $$— 
Latin America
(3)— (35)
North America
8 
Other Special Items, Net
$24 $$(34)
Assets
In millions as of December 31
20232022
Europe
$370 $258 
Latin America
1,226 1,129 
North America
909 894 
Corporate and Other (a)
367 429 
Assets
$2,872 $2,710 
(a)     Includes corporate assets.
Capital Spending
In millions
202320222021
Europe
$31 $$
Latin America
112 76 39 
North America
67 66 24 
Capital Spending
$210 $149 $69 
Depreciation, Amortization and Cost of Timber Harvested
In millions
202320222021
Europe
$28 $15 $18 
Latin America
68 59 58 
North America
47 51 50 
Depreciation, Amortization and Cost of Timber Harvested
$143 $125 $126 
Schedule of External Net Sales
External Net Sales (a)
In millions
202320222021
United States
$1,951 $2,173 $1,718 
Brazil
995 1,008 734 
Europe
821 501 366 
Americas, other than United States and Brazil
11 15 52 
Corporate and Intersegment Sales
(57)(69)(42)
Net Sales
$3,721 $3,628 $2,828 
(a)Net sales are attributed to countries based on the location of the seller.
Schedule of Information by Long-lived Assets
Long-Lived Assets
In millions as of December 31
20232022
United States
$450 $436 
Brazil
727 635 
Europe
189 68 
Long-Lived Assets
$1,366 $1,139