XML 33 R19.htm IDEA: XBRL DOCUMENT v3.19.2
GOODWILL AND OTHER INTANGIBLES Footnote
6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles [Note Text Block]

Goodwill

The following table presents changes in goodwill balances as allocated to each business segment for the six-months ended June 30, 2019: 
In millions
Industrial
Packaging
 
Global Cellulose Fibers
 
Printing
Papers
 
Total
Balance as of January 1, 2019
 
 
 
 
 
 
 
Goodwill
$
3,379

 
$
52

  
$
2,116

  
$
5,547

Accumulated impairment losses
(296
)
 

  
(1,877
)
 
(2,173
)
 
3,083

 
52

  
239

  
3,374

Currency translation and other (a)

 

 
3

 
3

Goodwill additions/reductions
64

(b)

 
(112
)
(c)
(48
)
Accumulated impairment loss additions / reductions

 

 
112

(c)
112

Balance as of June 30, 2019
 
 
 
 
 
 
 
Goodwill
3,443

 
52

  
2,007

  
5,502

Accumulated impairment losses
(296
)
 

  
(1,765
)
 
(2,061
)
Total
$
3,147

 
$
52

  
$
242

  
$
3,441

 
(a)
Represents the effects of foreign currency translations.
(b)
Reflects the provisional goodwill for the acquisitions of Industrial Packaging box plants in EMEA.
(c)
Reflects the reclassification of India goodwill and accumulated impairment losses to held for sale.


Other Intangibles

Identifiable intangible assets comprised the following: 
 
June 30, 2019
 
December 31, 2018
In millions
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net Intangible Assets
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net Intangible Assets
Customer relationships and lists
$
547

 
$
263

 
$
284

 
$
542

 
$
247

 
$
295

Non-compete agreements
26

 
26

 

 
67

 
67

 

Tradenames, patents and trademarks, and developed technology
173

 
97

 
76

 
174

 
90

 
84

Land and water rights
8

 
2

 
6

 
8

 
2

 
6

Software
27

 
25

 
2

 
26

 
25

 
1

Other
27

 
21

 
6

 
30

 
23

 
7

Total
$
808

 
$
434

 
$
374

 
$
847

 
$
454

 
$
393



The Company recognized the following amounts as amortization expense related to intangible assets: 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
In millions
2019
 
2018
 
2019
 
2018
Amortization expense related to intangible assets
$
13

 
$
15

 
$
25

 
$
29