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REVENUE RECOGNITION (Note)
 9 Months Ended
Sep. 30, 2021
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, 2021
In millionsIndustrial PackagingGlobal Cellulose FibersPrinting PapersCorporate and Inter-segment SalesTotal
Primary Geographical Markets (a)
United States$3,514 $623 $425 $50 $4,612 
EMEA383 69 232 (1)683 
Pacific Rim and Asia12 37 8 3 60 
Americas, other than U.S.178 — 181 — 359 
Total$4,087 $729 $846 $52 $5,714 
Operating Segments
North American Industrial Packaging$3,738 $— $— $— $3,738 
EMEA Industrial Packaging331 — — — 331 
European Coated Paperboard52 — — — 52 
Global Cellulose Fibers— 729 — — 729 
North American Printing Papers— — 425 — 425 
Brazilian Papers— — 200 — 200 
European Papers— — 218 — 218 
Intra-segment Eliminations(34)— 3 — (31)
Corporate & Inter-segment Sales— — — 52 52 
Total$4,087 $729 $846 $52 $5,714 
(a) Net sales are attributed to countries based on the location of the seller.
Nine Months Ended September 30, 2021
In millionsIndustrial PackagingGlobal Cellulose FibersPrinting PapersCorporate and Inter-segment SalesTotal
Primary Geographical Markets (a)
United States$10,125 $1,682 $1,195 $139 $13,141 
EMEA1,371 209 765 (6)2,339 
Pacific Rim and Asia44 90 25 10 169 
Americas, other than U.S.556 — 488 — 1,044 
Total$12,096 $1,981 $2,473 $143 $16,693 
Operating Segments
North American Industrial Packaging$10,810 $— $— $— $10,810 
EMEA Industrial Packaging1,121 — — — 1,121 
European Coated Paperboard252 — — — 252 
Global Cellulose Fibers— 1,981 — — 1,981 
North American Printing Papers— — 1,201 — 1,201 
Brazilian Papers— — 557 — 557 
European Papers— — 723 — 723 
Intra-segment Eliminations(87)— (8)— (95)
Corporate & Inter-segment Sales— — — 143 143 
Total$12,096 $1,981 $2,473 $143 $16,693 
(a) Net sales are attributed to countries based on the location of the seller.


Three Months Ended September 30, 2020
In millionsIndustrial PackagingGlobal Cellulose FibersPrinting PapersCorporate & IntersegmentTotal
Primary Geographical Markets (a)
United States$3,169 $479 $362 $44 $4,054 
EMEA394 59 244 (3)694 
Pacific Rim and Asia15 26 6 10 57 
Americas, other than U.S.190 — 131 (3)318 
Total$3,768 $564 $743 $48 $5,123 
Operating Segments
North American Industrial Packaging$3,351 $— $— $— $3,351 
EMEA Industrial Packaging306 — — — 306 
Brazilian Industrial Packaging52 — — — 52 
European Coated Paperboard90 — — — 90 
Global Cellulose Fibers— 564 — — 564 
North American Printing Papers— — 362 — 362 
Brazilian Papers— — 150 — 150 
European Papers— — 232 — 232 
Intra-segment Eliminations(31)— (1)— (32)
Corporate & Inter-segment Sales— — — 48 48 
Total$3,768 $564 $743 $48 $5,123 
(a) Net sales are attributed to countries based on the location of the seller.
Nine Months Ended September 30, 2020
In millionsIndustrial PackagingGlobal Cellulose FibersPrinting PapersCorporate & IntersegmentTotal
Primary Geographical Markets (a)
United States$9,364 $1,507 $1,069 $146 $12,086 
EMEA1,213 175 765 (11)2,142 
Pacific Rim and Asia43 55 20 20 138 
Americas, other than U.S.600 — 380 (5)975 
Total$11,220 $1,737 $2,234 $150 $15,341 
Operating Segments
North American Industrial Packaging$9,947 $— $— $— $9,947 
EMEA Industrial Packaging953 — — — 953 
Brazilian Industrial Packaging148 — — — 148 
European Coated Paperboard266 — — — 266 
Global Cellulose Fibers— 1,737 — — 1,737 
North American Printing Papers— — 1,073 — 1,073 
Brazilian Papers— — 434 — 434 
European Papers— — 728 — 728 
Intra-segment Eliminations(94)— (1)— (95)
Corporate & Inter-segment Sales— — — 150 150 
Total$11,220 $1,737 $2,234 $150 $15,341 
(a) Net sales are attributed to countries based on the location of the seller.

Revenue Contract Balances

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. Contract liabilities of $25 million and $31 million are included in Other current liabilities in the accompanying condensed consolidated balance sheet as of September 30, 2021 and December 31, 2020, respectively. During the second quarter of 2021, the Company also recorded a contract liability of $115 million related to the April 2021 acquisition disclosed in Note 8.

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 prepayment from the customer, respectively.