DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The following table presents net earnings from discontinued operations.

	QUARTER ENDED						YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS	SEPTEMBER 2016			SEPTEMBER 2015			SEPTEMBER 2016			SEPTEMBER 2015
Total net sales	$	420		$	471		$	1,306		$	1,385
Costs of products sold	350			372			1,110			1,181
Gross margin	70			99			196			204
Selling expenses	3			3			10			10
General and administrative expenses	7			5			24			21
Research and development expenses	—			2			3			5
Charges for integration and restructuring, closures and asset impairments(1)	13			1			44			1
Other operating income, net	(2		)	(5		)	(21		)	(19		)
Operating income	49			93			136			186
Equity loss from joint venture	—			(5		)	(3		)	(18		)
Interest expense, net of capitalized interest	(2		)	(1		)	(5		)	(5		)
Earnings from discontinued operations before income taxes	47			87			128			163
Income taxes	(23		)	(28		)	(46		)	(52		)
Net earnings from operations	24			59			82			111
Net gain on divestiture of Liquid Packaging Board	41			—			41			—
Net earnings from discontinued operations	$	65		$	59		$	123		$	111

(1) Charges for integration and restructuring, closures and asset impairments consist of costs related to our strategic evaluation of the Cellulose Fibers businesses and transaction-related costs.

Schedule of Disposal Groups Including Discontinued Operations Balance Sheet [Table Text Block]

The following table shows carrying values for assets and liabilities classified as discontinued operations as of September 30, 2016 and December 31, 2015.

DOLLAR AMOUNTS IN MILLIONS	SEPTEMBER 30, 2016		DECEMBER 31, 2015
Assets
Cash and cash equivalents	$	10	$	1
Receivables, less allowances	182		211
Inventories	173		243
Prepaid expenses	12		14
Property and equipment, net	1,130		1,339
Construction in progress	94		51
Timber and timberlands at cost, less depletion charged to disposals	—		1
Investments in and advances to joint ventures	51		74
Total assets of discontinued operations	$	1,652	$	1,934
Liabilities
Accounts payable	$	107	$	122
Accrued liabilities	89		118
Long-term debt	88		88
Deferred income taxes	280		336
Other liabilities	14		26
Total liabilities of discontinued operations	$	578	$	690

Schedule of Disposal Groups Including Discontinued Operations Cash Flows [Table Text Block]

Cash flows from discontinued operations for the three and nine months ended September 30, 2016 and September 30, 2015 are as follows:

	QUARTER ENDED					YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS	SEPTEMBER 2016		SEPTEMBER 2015			SEPTEMBER 2016		SEPTEMBER 2015
Net cash provided by (used in) operating activities	$	58	$	75		$	192	$	248
Net cash provided by (used in) investing activities	$	259	$	(27	)	$	225	$	(85	)