SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION

9 Months Ended

Sep. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION

Temporary Investments

Temporary investments with an original maturity of three months or less and money market funds with greater than three-month maturities but with the right to redeem without notice are treated as cash equivalents and are stated at cost. Temporary investments totaled $7 million and $36 million as of September 30, 2021 and December 31, 2020, respectively.

Accounts and Notes Receivable

Accounts and notes receivable, net, by classification were:

In millions	September 30, 2021		December 31, 2020
Accounts and notes receivable:
Trade	$	401	$	379
Notes	1		2
Other	20		19
Total	$	422	$	400

The allowance for expected credit losses was $25 million and $30 million at September 30, 2021 and December 31, 2020, respectively. Based on the Company’s accounting estimates and the facts and circumstances available as of the reporting date, we believe our allowance for expected credit losses is adequate.

Inventories

In millions	September 30, 2021		December 31, 2020
Raw materials	$	44	$	50
Finished paper and pulp products	189		171
Operating supplies	97		102
Other	14		19
	$	344	$	342

Plants, Properties and Equipment, Net

Accumulated depreciation was $3.8 billion each at September 30, 2021 and December 31, 2020.

Non-cash additions to plants, property and equipment included within accounts payable were $11 million each at September 30, 2021 and December 31, 2020.