SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Information

Reportable segment information is as follows:

	Three Months Ended March 31, 2025
In millions	Americas Paperboard Packaging		International Paperboard Packaging		Corporate and Other		Total
Net Sales(a)	$	1,476	$	523	$	121	$	2,120
Cost of Sales(b)	1,141		421		113		1,675
Selling, General and Administrative(b)	94		61		41		196
Other(c)	13		1		14		28
Income (Loss) from Operations	$	228	$	40	$	(47)	$	221
Other Segment Information
Capital Expenditures	$	19	$	24	$	270	$	313
Depreciation and Amortization	43		29		59		131

(a) Revenue from sales of paperboard to third parties are reported within Corporate and Other.

(b) Cost of Sales and Selling, General and Administrative both include depreciation and amortization, while Cost of Sales also includes accelerated depreciation related to exit activities for all segments presented (see “Note 12 - Exit Activities”).

(c) Includes expenses related to business combinations, exit activities and other special charges for all segments presented (see “Note 1 - General Information”).

	Three Months Ended March 31, 2024
In millions	Americas Paperboard Packaging		International Paperboard Packaging		Corporate and Other		Total
Net Sales(a)	$	1,531	$	525	$	203	$	2,259
Cost of Sales(b)	1,135		414		184		1,733
Selling, General and Administrative(b)	99		61		55		215
Other(c)	16		16		1		33
Income (Loss) from Operations	$	281	$	34	$	(37)	$	278
Other Segment Information
Capital Expenditures	$	62	$	37	$	232	$	331
Depreciation and Amortization	57		29		62		148

(a) Revenue from sales of paperboard to third parties are reported within Corporate and Other.

(b) Cost of Sales and Selling, General and Administrative both include depreciation and amortization, while Cost of Sales also includes accelerated depreciation related to exit activities for all segments presented (see “Note 12 - Exit Activities”).

(c) Includes expenses related to business combinations, exit activities and other special charges for all segments presented (see “Note 1 - General Information”).