INDUSTRY SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment [Table Text Block]

Sales by industry segment for the three months ended March 31, 2016 and 2015 were as follows:

	Three Months Ended March 31,
In millions	2016			2015
Industrial Packaging	$	3,452		$	3,553
Printing Papers	1,184			1,228
Consumer Packaging	495			778
Corporate and Intersegment Sales	(21		)	(42		)
Net Sales	$	5,110		$	5,517

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

Operating profit by industry segment for the three months ended March 31, 2016 and 2015 were as follows:

	Three Months Ended March 31,
In millions	2016				2015
Industrial Packaging	$	396		(a)	$	468
Printing Papers	85				109
Consumer Packaging	16			(b)	46
Operating Profit	497				623
Interest expense, net	(123		)		(137		)
Noncontrolling interests/equity earnings adjustment (c)	—				1
Corporate items, net	(21		)		(9		)
Restructuring and other charges	8				—
Non-operating pension expense	(44		)		(72		)
Earnings (loss) from continuing operations before income taxes and equity earnings	$	317			$	406
Equity earnings (loss), net of taxes – Ilim	$	62			$	39

(a) Includes a charge of $37 million for the three months ended March 31, 2016 for the impairment of the assets of our corrugated packaging business in Asia and costs associated with the announced definitive agreement to sell the business.

(b) Includes a charge of $9 million for the three months ended March 31, 2016 for costs associated with the Riegelwood mill conversion to 100% pulp production.

(c) Operating profits for industry segments include each segment's percentage share of the profits of subsidiaries included in that segment that are less than wholly owned. The pre-tax noncontrolling interest and equity earnings for these subsidiaries are adjusted here to present consolidated earnings before income taxes and equity earnings.