GOODWILL AND OTHER INTANGIBLES (Tables)

3 Months Ended

Mar. 31, 2017

The following table presents changes in goodwill balances as allocated to each business segment for the three-month period ended March 31, 2017:



In millions	Industrial Packaging			Global Cellulose Fibers			Printing Papers				Consumer Packaging			Total
Balance as of January 1, 2017
Goodwill	$	3,316		$	19		$	2,143			$	1,664		$	7,142
Accumulated impairment losses (a)	(237		)	—			(1,877		)		(1,664		)	(3,778		)
	3,079			19			266				—			3,364
Reclassifications and other (b)	2			—			9				—			11
Additions/reductions	—			28		(c)	(1		)	(d)	—			27
Balance as of March 31, 2017
Goodwill	3,318			47			2,151				1,664			7,180
Accumulated impairment losses (a)	(237		)	—			(1,877		)		(1,664		)	(3,778		)
Total	$	3,081		$	47		$	274			$	—		$	3,402


(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)	Represents purchase price adjustments related to the the newly acquired pulp business.


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

Identifiable intangible assets comprised the following:



	March 31, 2017				December 31, 2016
In millions	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships and lists	$	610	$	223	$	605	$	211
Non-compete agreements	72		68		69		64
Tradenames, patents and trademarks, and developed technology	173		61		173		56
Land and water rights	10		2		10		2
Software	22		21		21		20
Other	49		26		48		26
Total	$	936	$	401	$	926	$	379

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



	Three Months Ended March 31,
In millions	2017		2016
Amortization expense related to intangible assets	$	16	$	12