GOODWILL AND OTHER INTANGIBLES (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Goodwill Balances [Table Text Block]

The following table presents changes in goodwill balances as allocated to each business segment for the six months ended June 30, 2024:

In millions	Industrial Packaging		Global Cellulose Fibers		Total
Balance as of January 1, 2024
Goodwill	$	3,413	$	52	$	3,465
Accumulated impairment losses	(372)		(52)		(424)
Total	3,041		—		3,041
Currency translation and other	(1)		—		(1)
Accumulated impairment loss additions / reductions	—		—		—
Balance as of June 30, 2024
Goodwill	3,412		52		3,464
Accumulated impairment losses	(372)		(52)		(424)
Total	$	3,040	$	—	$	3,040

Finite and Indefinite-Lived Intangible Assets [Table Text Block]

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

	June 30, 2024						December 31, 2023
In millions	Gross Carrying Amount		Accumulated Amortization		Net Intangible Assets		Gross Carrying Amount		Accumulated Amortization		Net Intangible Assets
Customer relationships and lists	$	492	$	348	$	144	$	494	$	335	$	159
Tradenames, patents and trademarks, and developed technology	170		158		12		170		154		16
Land and water rights	8		2		6		8		2		6
Other	20		18		2		21		19		2
Total	$	690	$	526	$	164	$	693	$	510	$	183

Amortization Expense of Intangible Assets [Table Text Block]

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

	Three Months Ended June 30,				Six Months Ended June 30,
In millions	2024		2023		2024		2023
Amortization expense related to intangible assets	$	9	$	9	$	19	$	18