INDUSTRY SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

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

Sales by business segment for the three months ended March 31, 2017 and 2016 were as follows:

	Three Months Ended March 31,
In millions	2017			2016
Industrial Packaging	$	3,499		$	3,411
Global Cellulose Fibers	564			212
Printing Papers	995			972
Consumer Packaging	466			495
Corporate and Intersegment Sales	(13		)	20
Net Sales	$	5,511		$	5,110

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

Operating profit by business segment for the three months ended March 31, 2017 and 2016 were as follows:

	Three Months Ended March 31,
In millions	2017				2016
Industrial Packaging	$	365		(a)	$	396		(c)
Global Cellulose Fibers	(70		)	(b)	(50		)
Printing Papers	100				135
Consumer Packaging	33				16			(d)
Business Segment Operating Profit	428				497
Earnings (loss) from continuing operations before income taxes and equity earnings	244				317
Interest expense, net	142				123
Noncontrolling interests/equity earnings adjustment (e)	—				—
Corporate items, net	11				21
Restructuring and other charges	—				(8		)
Non-operating pension expense	31				44
Adjusted Operating Profit	$	428			$	497
Equity earnings (loss), net of taxes – Ilim	$	50			$	62

(a) Includes a gain of $6 million for the three months ended March 31, 2017 for a net bargain purchase gain on the June 2016 acquisition of the Holmen Paper newsprint mill in Madrid, Spain and a charge of $1 million for the three months ended March 31, 2017 for other items.

(b) Includes a charge of $14 million for the three months ended March 31, 2017 for the amortization of the inventory fair value step-up for the pulp business acquired in December 2016, a charge of $4 million for the three months ended March 31, 2017 for costs associated with the acquisition of that business and a charge of $1 million for the three months ended March 31, 2017 for other items.

(c) Includes a charge of $37 million for the three months ended March 31, 2016 for the impairment of the assets of our Asia corrugated packaging business and costs associated with the sale of the business.

(d) 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.

(e) Operating profits for business 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.