DISCONTINUED OPERATIONS AND OTHER DIVESTITURES (Tables)

9 Months Ended

Sep. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Earnings from Discontinued Operations, Net of Tax

The following table presents net earnings from discontinued operations. As all discontinued operations were sold in 2016, no assets or liabilities remain as of September 30, 2017, or December 31, 2016.

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

(1) Charges relate to our strategic evaluation of the Cellulose Fibers businesses and transaction-related costs.

Cash Flows from Discontinued Operations

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

	QUARTER ENDED		YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS	SEPTEMBER 2016		SEPTEMBER 2016
Net cash provided by operating activities	$	58	$	192
Net cash provided by investing activities	$	259	$	225