INDUSTRY SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment [Table Text Block]

Net sales by business segment for the three months and six months ended June 30, 2024 and 2023 were as follows: 

	Three Months Ended June 30,				Six Months Ended June 30,
In millions	2024		2023		2024		2023
Industrial Packaging	$	3,931	$	3,884	$	7,739	$	7,967
Global Cellulose Fibers	717		698		1,421		1,509
Corporate and Intersegment Sales	86		100		193		226
Net Sales	$	4,734	$	4,682	$	9,353	$	9,702

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

Operating profit (loss) by business segment for the three months and six months ended June 30, 2024 and 2023 were as follows: 

	Three Months Ended June 30,				Six Months Ended June 30,
In millions	2024		2023		2024		2023
Industrial Packaging	$	291	$	304	$	507	$	626
Global Cellulose Fibers	31		30		(16)		14
Business Segment Operating Profit (Loss)	$	322	$	334	$	491	$	640
Net Earnings (Loss) From Continuing Operations	$	498	$	222	$	554	$	394
Add back (deduct):
Income tax provision (benefit)	(293)		33		(266)		81
Equity (earnings) loss, net of taxes	1		—		3		1
Earnings (loss) from continuing operations before income taxes and equity earnings	206		255		291		476
Interest expense, net	55		59		101		121
Adjustment for less than wholly owned subsidiaries	(1)		—		(3)		—
Corporate expenses, net	23		8		47		16
Corporate net special items	54		—		74		—
Business net special items	(5)		—		3		—
Non-operating pension expense (income)	(10)		12		(22)		27
Business Segment Operating Profit (Loss)	$	322	$	334	$	491	$	640