GOODWILL AND OTHER INTANGIBLES (Tables)

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Goodwill Balances [Table Text Block]

The following table presents changes in goodwill balances as allocated to each business segment for the nine-month period ended September 30, 2014:

In millions	Industrial Packaging			Printing Papers				Consumer Packaging			Total
Balance as of January 1, 2014
Goodwill	$	3,430		$	2,311			$	1,787		$	7,528
Accumulated impairment losses (a)	—			(1,877		)		(1,664		)	(3,541		)
	3,430			434				123			3,987
Reclassifications and other (b)	(14		)	(24		)		(2		)	(40		)
Additions/reductions	—			(16		)	(c)	—			(16		)
Balance as of September 30, 2014
Goodwill	3,416			2,271				1,785			7,472
Accumulated impairment losses (a)	—			(1,877		)		(1,664		)	(3,541		)
Total	$	3,416		$	394			$	121		$	3,931

(a) Represents accumulated goodwill impairment charges since the adoption of ASC 350, “Intangibles – Goodwill and Other” in 2002.

(b) Represents the effects of foreign currency translations and reclassifications.

(c) Reflects a reduction from tax benefits generated by the deduction of goodwill amortization for tax purposes in Brazil.

At December 31, 2013, there was $400 million of goodwill and $400 million of accumulated impairment losses included on the consolidated balance sheet, associated with the Distribution reportable segment. Effective July 1, 2014, the Company completed the spinoff of its xpedx business which had historically represented the Company's Distribution reportable segment. Following the spinoff of xpedx, the assets and liabilities of this business have been adjusted off of the consolidated balance sheet and are not included on the consolidated balance sheet as of September 30, 2014.

Finite and Indefinite-Lived Intangible Assets [Table Text Block]

Identifiable intangible assets comprised the following:

	September 30, 2014				December 31, 2013
In millions	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships and lists	$	622	$	185	$	602	$	139
Non-compete agreements	76		52		76		46
Tradenames, patents and trademarks	61		42		67		33
Land and water rights	82		9		76		5
Fuel and power agreements	5		3		7		2
Software	23		21		17		15
Other	42		17		75		32
Total	$	911	$	329	$	920	$	272

Amortization Expense of Intangible Assets [Table Text Block]

The Company recognized the following amounts as amortization expense related to intangible assets:

	Three Months Ended September 30,				Nine Months Ended September 30,
In millions	2014		2013		2014		2013
Amortization expense related to intangible assets	$	19	$	28	$	55	$	59