REVENUE RECOGNITION Footnote

9 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Generally, the Company recognizes revenue on a point-in-time basis when the customer takes title to the goods and assumes the risks and rewards for the goods. For customized goods where the Company has a legally enforceable right to payment for the goods, the Company recognizes revenue over time which, generally, is as the goods are produced.

Disaggregated Revenue

A geographic disaggregation of revenues across our company segmentation in the following tables provides information to assist in evaluating the nature, timing and uncertainty of revenue and cash flows and how they may be impacted by economic factors.

	Three Months Ended September 30, 2019
In millions	Industrial Packaging			Global Cellulose Fibers		Printing Papers			Corporate and Inter-segment Sales			Total
Primary Geographical Markets (a)
United States	$	3,180		$	535	$	486		$	56		$	4,257
EMEA	415			62		315			(1		)	791
Pacific Rim and Asia	20			27		47			3			97
Americas, other than U.S.	205			—		223			(5		)	423
Total	$	3,820		$	624	$	1,071		$	53		$	5,568
Operating Segments
North American Industrial Packaging	$	3,368		$	—	$	—		$	—		$	3,368
EMEA Industrial Packaging	324			—		—			—			324
Brazilian Industrial Packaging	61			—		—			—			61
European Coated Paperboard	92			—		—			—			92
Global Cellulose Fibers	—			624		—			—			624
North American Printing Papers	—			—		492			—			492
Brazilian Papers	—			—		247			—			247
European Papers	—			—		299			—			299
Indian Papers	—			—		38			—			38
Intra-segment Eliminations	(25		)	—		(5		)	—			(30		)
Corporate & Inter-segment Sales				—		—			53			53
Total	$	3,820		$	624	$	1,071		$	53		$	5,568

(a) Net sales are attributed to countries based on the location of the seller.

	Nine Months Ended September 30, 2019
In millions	Industrial Packaging			Global Cellulose Fibers		Printing Papers			Corporate and Inter-segment Sales			Total
Primary Geographical Markets (a)
United States	$	9,531		$	1,656	$	1,448		$	174		$	12,809
EMEA	1,263			207		986			(8		)	2,448
Pacific Rim and Asia	50			111		167			9			337
Americas, other than U.S.	672			—		623			(11		)	1,284
Total	$	11,516		$	1,974	$	3,224		$	164		$	16,878
Operating Segments
North American Industrial Packaging	$	10,158		$	—	$	—		$	—		$	10,158
EMEA Industrial Packaging	994			—		—			—			994
Brazilian Industrial Packaging	176			—		—			—			176
European Coated Paperboard	275			—		—			—			275
Global Cellulose Fibers	—			1,974		—			—			1,974
North American Printing Papers	—			—		1,474			—			1,474
Brazilian Papers	—			—		702			—			702
European Papers	—			—		929			—			929
Indian Papers	—			—		144			—			144
Intra-segment Eliminations	(87		)	—		(25		)	—			(112		)
Corporate & Inter-segment Sales				—		—			164			164
Total	$	11,516		$	1,974	$	3,224		$	164		$	16,878

(a) Net sales are attributed to countries based on the location of the seller.

	Three Months Ended September 30, 2018
In millions	Industrial Packaging			Global Cellulose Fibers		Printing Papers			Corporate & Intersegment			Total
Primary Geographical Markets (a)
United States	$	3,394		$	602	$	482		$	52		$	4,530
EMEA	396			77		328			(4		)	797
Pacific Rim and Asia	40			35		62			6			143
Americas, other than U.S.	204			—		230			(3		)	431
Total	$	4,034		$	714	$	1,102		$	51		$	5,901
Operating Segments
North American Industrial Packaging	$	3,653		$	—	$	—		$	—		$	3,653
EMEA Industrial Packaging	311			—		—			—			311
Brazilian Industrial Packaging	57			—		—			—			57
European Coated Paperboard	87			—		—			—			87
Global Cellulose Fibers	—			714		—			—			714
North American Printing Papers	—			—		492			—			492
Brazilian Papers	—			—		255			—			255
European Papers	—			—		311			—			311
Indian Papers	—			—		47			—			47
Intra-segment Eliminations	(74		)	—		(3		)	—			(77		)
Corporate & Inter-segment Sales	—			—		—			51			51
Total	$	4,034		$	714	$	1,102		$	51		$	5,901

(a) Net sales are attributed to countries based on the location of the seller.

	Nine Months Ended September 30, 2018
In millions	Industrial Packaging			Global Cellulose Fibers		Printing Papers			Corporate & Intersegment			Total
Primary Geographical Markets (a)
United States	$	9,832		$	1,720	$	1,399		$	163		$	13,114
EMEA	1,275			222		988			(13		)	2,472
Pacific Rim and Asia	110			140		185			35			470
Americas, other than U.S.	666			1		643			(11		)	1,299
Total	$	11,883		$	2,083	$	3,215		$	174		$	17,355
Operating Segments
North American Industrial Packaging	$	10,604		$	—	$	—		$	—		$	10,604
EMEA Industrial Packaging	1,017			—		—			—			1,017
Brazilian Industrial Packaging	175			—		—			—			175
European Coated Paperboard	265			—		—			—			265
Global Cellulose Fibers	—			2,083		—			—			2,083
North American Printing Papers	—			—		1,443			—			1,443
Brazilian Papers	—			—		706			—			706
European Papers	—			—		932			—			932
Indian Papers	—			—		150			—			150
Intra-segment Eliminations	(178		)	—		(16		)	—			(194		)
Corporate & Inter-segment Sales	—			—		—			174			174
Total	$	11,883		$	2,083	$	3,215		$	174		$	17,355

(a) Net sales are attributed to countries based on the location of the seller.

Revenue Contract Balances

The opening and closing balances of the Company's contract assets and current contract liabilities are as follows:

In millions	Contract Assets (Short-Term)			Contract Liabilities (Short-Term)
Beginning Balance - January 1, 2019	$	395		$	56
Ending Balance -September 30, 2019	388			28
Increase / (Decrease)	$	(7	)	$	(28	)

A contract asset is created when the Company recognizes revenue on its customized products prior to having an unconditional right to payment from the customer, which generally does not occur until title and risk of loss passes to the customer.

A contract liability is created when customers prepay for goods prior to the Company transferring those goods to the customer. The contract liability is reduced once control of the goods is transferred to the customer. The majority of our customer prepayments are received during the fourth quarter each year for goods that will be transferred to customers over the following twelve months.

The difference between the opening and closing balances of the Company's contract assets and contract liabilities primarily results from the difference between the price and quantity at comparable points in time for goods for which we have an unconditional right to payment or receive pre-payment from the customer, respectively.