Equity Method Investments (Tables)

12 Months Ended

Dec. 31, 2021

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	2021		2020
Current assets	$	1,010	$	739
Noncurrent assets	3,145		2,733
Current liabilities	1,212		674
Noncurrent liabilities	2,047		2,249
Noncontrolling interests	24		17

Income Statement

In millions	2021		2020		2019
Net sales	$	2,693	$	2,015	$	2,189
Gross profit	1,432		838		1,025
Income from continuing operations	635		115		438
Net income	613		113		424

GPI Transactions table text block [Table Text Block]

Date	Transaction Type	Units	Proceeds		Pre-Tax Gain		After-Tax Gain
In millions except units
2020 First Quarter	Units exchange	15,150,784	$	250	$	33	$	25
2020 Third Quarter	Units exchange	17,399,414	250		—		—
2021 First Quarter	Units exchange and open market sale	24,588,316	397		33		25
2021 First Quarter	TRA (a)				42		31
2021 Second Quarter	Units exchange and open market sale	22,773,077	403		64		48
2021 Second Quarter	TRA (a)				66		50

(a) The TRA entitles the Company to 50% of the amount of any tax benefits projected to be realized by GPIP upon the Company's exchange of its units. The Company made income tax payments of $310 million in 2021 as a result of the monetization of its investment in GPIP.