SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION (Note)

6 Months Ended

Jun. 30, 2021

Disclosure Text Block Supplement [Abstract]

Supplemental Financial Statement Information [Note Text Block]

NOTE 10 - SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION

Temporary Investments

Temporary investments with an original maturity of three months or less and money market funds with greater than three month maturities but with the right to redeem without notices are treated as cash equivalents and are stated at cost. Temporary investments totaled $425 million and $358 million at June 30, 2021 and December 31, 2020, respectively.

Accounts and Notes Receivable


In millions	June 30, 2021		December 31, 2020
Accounts and notes receivable, net:
Trade	$	3,156	$	2,776
Other	452		288
Total	$	3,608	$	3,064

The allowance for expected credit losses was $69 million and $76 million at June 30, 2021 and December 31, 2020, respectively. Based on the Company's accounting estimates and the facts and circumstances available as of the reporting date, we believe our allowance for expected credit losses is adequate.

Inventories


In millions	June 30, 2021		December 31, 2020
Raw materials	$	208	$	268
Finished pulp, paper and packaging	996		1,091
Operating supplies	560		627
Other	64		64
Total	$	1,828	$	2,050

Plants, Properties and Equipment

Accumulated depreciation was $21.0 billion and $21.4 billion at June 30, 2021 and December 31, 2020, respectively. Depreciation expense was $292 million and $293 million for the three months ended June 30, 2021 and 2020, respectively, and $586 million and $602 million for the six months ended June 30, 2021 and 2020, respectively.

Non-cash additions to plants, property and equipment included within accounts payable were $38 million and $41 million at June 30, 2021 and December 31, 2020, respectively.

Amounts invested in capital projects in the accompanying condensed consolidated statement of cash flows are presented net of insurance recoveries of $4 million received during the six months ended June 30, 2021 and $30 million received during the six months ended June 30, 2020.

Interest

Interest payments made during the six months ended June 30, 2021 and 2020 were $248 million and $338 million, respectively.

Amounts related to interest were as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
In millions	2021		2020		2021		2020
Interest expense	$	117	$	156	$	241	$	319
Interest income	60		40		92		86
Capitalized interest costs	3		9		5		18

Asset Retirement Obligations

The Company had recorded liabilities of $127 million and $116 million related to asset retirement obligations at June 30, 2021 and December 31, 2020, respectively.