Divestitures Discontinued Operations and Disposal Groups (Tables)

12 Months Ended

Dec. 31, 2017

North American Consumer Packaging [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The following summarizes the major classes of assets and liabilities of North American Consumer Packaging reconciled to total Assets held for sale and total Liabilities held for sale in the accompanying consolidated balance sheet:

In millions	2017			2016
Accounts and notes receivable	$	143		$	149
Inventories	185			205
Other current assets	3			7
Current assets held for sale	331			361
Plants, properties and equipment	1,021			987
Deferred charges and other assets	25			31
Long-term assets held for sale	1,046		(a)	1,018
Total Assets Held for Sale	$	1,377		$	1,379
Accounts payable	$	104		$	110
Accrued payroll and benefits	25			29
Other accrued liabilities	17			22
Current liabilities held for sale	146			161
Long-term debt	651			—
Other liabilities	8			8
Long-term liabilities held for sale	659		(a)	8
Total Liabilities Held for Sale	$	805		$	169

(a) As a result of the January 1, 2018 transfer of the North American Consumer Packaging business, these amounts have been included in current assets held for sale of $1.4 billion and current liabilities held for sale of $805 million in the accompanying consolidated balance sheet as of December 31, 2017.

The following summarizes the major classes of line items comprising Earnings (Loss) Before Income Taxes and Equity Earnings reconciled to Discontinued Operations, net of tax, related to the transfer of the North American Consumer Packaging business for all periods presented in the consolidated statement of operations:

In millions	2017		2016		2015
Net Sales	$	1,559	$	1,584	$	1,690
Costs and Expenses
Cost of products sold	1,179		1,095		1,155
Selling and administrative expenses	110		91		106
Depreciation, amortization and cost of timber harvested	80		103		127
Distribution expenses	126		124		158
Taxes other than payroll and income taxes	11		10		10
Interest expense, net	1		—		—
Earnings (Loss) Before Income Taxes and Equity Earnings	52		161		134
Income tax provision (benefit)	18		54		49
Discontinued Operations, Net of Taxes	$	34	$	107	$	85