EQUITY METHOD INVESTMENTS (Tables)

9 Months Ended

Sep. 30, 2020

Graphic Packaging LLC [Member]

Schedule of Equity Method Investments [Line Items]

Equity Method Investments [Table Text Block]

Summarized financial information for GPIP is presented in the following tables:

Balance Sheet

In millions	September 30, 2020		December 31, 2019
Current assets	$	2,013	$	1,796
Noncurrent assets	5,662		5,482
Current liabilities	1,692		1,178
Noncurrent liabilities	3,617		3,244

Income Statement

	Three Months Ended September 30,				Nine Months Ended September 30,
In millions	2020		2019		2020		2019
Net sales	$	1,698	$	1,581	$	4,908	$	4,640
Gross profit	255		266		838		820
Income from continuing operations	89		83		146		283
Net income	89		83		146		283

Ilim Holding

Schedule of Equity Method Investments [Line Items]

Equity Method Investments [Table Text Block]

Summarized financial information for Ilim is presented in the following tables:

Balance Sheet

In millions	September 30, 2020		December 31, 2019
Current assets	$	592	$	804
Noncurrent assets	2,442		2,813
Current liabilities	613		1,015
Noncurrent liabilities	2,015		1,844
Noncontrolling interests	13		16

Income Statement

	Three Months Ended September 30,				Nine Months Ended September 30,
In millions	2020		2019		2020		2019
Net sales	$	498	$	479	$	1,474	$	1,692
Gross profit	191		196		597		836
Income (loss) from continuing operations	(62)		41		7		388
Net income (loss)	(60)		40		7		375