Supplemental Financial Statement Information

3 Months Ended

Mar. 31, 2012

Supplemental Financial Statement Information [Abstract]

Supplemental Financial Statement Information

NOTE 8 – SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION

Temporary Investments

In millions	March 31, 2012		December 31, 2011
Temporary investments	$	899	$	2,904

Accounts and Notes Receivable

Accounts and notes receivable, net of allowances, by classification were:

In millions	March 31, 2012		December 31, 2011
Accounts and notes receivable, net:
Trade	$	3,461	$	3,039
Other		341		447
Total	$	3,802	$	3,486

Inventories

In millions	March 31, 2012		December 31, 2011
Raw materials	$	424	$	368
Finished pulp, paper and packaging		1,666		1,503
Operating supplies		510		390
Other		148		59
Total	$	2,748	$	2,320

Depreciation Expense

	Three Months Ended March  31,
In millions	2012		2011
Depreciation expense	$	345	$	323

Valuation Accounts

Certain valuation accounts were as follows:

In millions	March 31, 2012		December 31, 2011
Accumulated depreciation	$	18,691	$	18,591
Allowance for doubtful accounts		133		126

There was no material activity related to asset retirement obligations during either of the three months ended March 31, 2012 or 2011.

Interest

Cash payments related to interest were as follows:

	Three Months Ended March  31,
In millions	2012		2011
Interest payments	$	92	$	101

Amounts related to interest were as follows:

	Three Months Ended March  31,
In millions	2012		2011
Interest expense (a)	$	183	$	150
Interest income (a)		15		14
Capitalized interest costs		6		4

(a) Interest expense and interest income exclude approximately $8 million and $13 million for the three months ended March 31, 2012 and 2011, respectively, related to investments in and borrowings from variable interest entities for which the Company has a legal right of offset (see Note 12).

Postretirement Benefit Expense

The components of the Company's postretirement benefit expense were as follows:

	Three Months Ended March  31,
In millions	2012			2011
Service cost	$	1		$	1
Interest cost		5			5
Actuarial loss		2			2
Amortization of prior service credit		(7	)		(6	)
Net postretirement benefit expense	$	1		$	2