GOODWILL AND OTHER INTANGIBLES (Note)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangibles [Note Text Block]

Goodwill

The following table presents changes in goodwill balances as allocated to each business segment for the three-months ended March 31, 2023:

In millions	Industrial Packaging		Global Cellulose Fibers		Total
Balance as of January 1, 2023
Goodwill	$	3,413	$	52	$	3,465
Accumulated impairment losses	(372)		(52)		(424)
	3,041		—		3,041
Currency translation and other (a)	1		—		1
Accumulated impairment loss additions / reductions	—		—		—
Balance as of March 31, 2023
Goodwill	3,414		52		3,466
Accumulated impairment losses	(372)		(52)		(424)
Total	3,042		—		3,042

(a)Represents the effects of foreign currency translations.

Other Intangibles

Identifiable intangible assets are recorded in Deferred Charges and Other Assets in the accompanying condensed consolidated balance sheet and comprised the following: 

	March 31, 2023						December 31, 2022
In millions	Gross Carrying Amount		Accumulated Amortization		Net Intangible Assets		Gross Carrying Amount		Accumulated Amortization		Net Intangible Assets
Customer relationships and lists	$	492	$	312	$	180	$	490	$	303	$	187
Tradenames, patents and trademarks, and developed technology	170		148		22		170		146		24
Land and water rights	8		2		6		8		2		6
Other	21		18		3		23		20		3
Total	$	691	$	480	$	211	$	691	$	471	$	220

The Company recognized the following amounts as amortization expense related to intangible assets: 

	Three Months Ended March 31,
In millions	2023		2022
Amortization expense related to intangible assets	$	9	$	11