RELATED PARTY TRANSACTIONS (Tables)

9 Months Ended

Sep. 30, 2021

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

Related party receivable consists of the following:

In millions	September 30, 2021		December 31, 2020
Due from Parent cash pool	$	—	$	202
Professional services provided to Parent / other	25		19
Total	$	25	$	221

Related party payable consists of the following:

In millions	September 30, 2021		December 31, 2020
Inventory purchases	$	96	$	16
Other	14		9
Total	$	110	$	25

The components of the net transfers (to) from International Paper are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
In millions	2021		2020		2021		2020
General financing activities	$	(522)	$	(63)	$	(601)	$	(310)
Corporate allocations	32		37		112		109
Stock-based compensation	3		4		10		11
Total net transfers (to) from Parent	$	(487)	$	(22)	$	(479)	$	(190)