INDUSTRY SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2024 and 2023 were as follows: 

	Three Months Ended September 30,				Nine Months Ended September 30,
In millions	2024		2023		2024		2023
Industrial Packaging	$	3,926	$	3,787	$	11,665	$	11,754
Global Cellulose Fibers	710		725		2,131		2,234
Corporate and Intersegment Sales	50		101		243		327
Net Sales	$	4,686	$	4,613	$	14,039	$	14,315

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

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

	Three Months Ended September 30,				Nine Months Ended September 30,
In millions	2024		2023		2024		2023
Industrial Packaging	$	197	$	325	$	704	$	951
Global Cellulose Fibers	40		27		24		41
Business Segment Operating Profit (Loss)	$	237	$	352	$	728	$	992
Net Earnings (Loss) From Continuing Operations	$	150	$	192	$	704	$	586
Add back (deduct):
Income tax provision (benefit)	(71)		39		(337)		120
Equity (earnings) loss, net of taxes	1		1		4		2
Earnings (loss) from continuing operations before income taxes and equity earnings	80		232		371		708
Interest expense, net	51		58		152		179
Adjustment for less than wholly owned subsidiaries	(1)		—		(4)		—
Corporate expenses, net	5		20		52		36
Corporate net special items	89		29		163		29
Business net special items	25		—		28		—
Non-operating pension expense (income)	(12)		13		(34)		40
Business Segment Operating Profit (Loss)	$	237	$	352	$	728	$	992