GOODWILL AND OTHER INTANGIBLES (Tables)

9 Months Ended

Sep. 30, 2015

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, 2015:

In millions	Industrial Packaging			Printing Papers				Consumer Packaging			Total
Balance as of January 1, 2015
Goodwill	$	3,396		$	2,234			$	1,784		$	7,414
Accumulated impairment losses (a)	(100		)	(1,877		)		(1,664		)	(3,641		)
	3,296			357				120			3,773
Reclassifications and other (b)	(73		)	(96		)		(120		)	(289		)
Additions/reductions	(1		)	(11		)	(c)	—			(12		)
Balance as of September 30, 2015
Goodwill	3,322			2,127				1,664			7,113
Accumulated impairment losses (a)	(100		)	(1,877		)		(1,664		)	(3,641		)
Total	$	3,222		$	250			$	—		$	3,472

(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 as well as a reclassification to Assets held for sale of $117 million in Consumer Packaging due to the pending sale of our equity interest in IP-Sun JV.

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

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

Identifiable intangible assets comprised the following:

	September 30, 2015				December 31, 2014
In millions	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships and lists	$	494	$	156	$	561	$	157
Non-compete agreements	70		55		74		53
Tradenames, patents and trademarks	60		51		61		44
Land and water rights	32		5		81		9
Fuel and power agreements	5		3		5		3
Software	21		20		23		22
Other	40		23		43		21
Total	$	722	$	313	$	848	$	309

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	2015		2014		2015		2014
Amortization expense related to intangible assets	$	16	$	19	$	45	$	55