RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2021

Related party receivable consists of the following:


In millions as of December 31	2021		2020
Due from Parent cash pool	$	—	$	202
Professional services provided to Parent / other	3		19
Total	$	3	$	221

Related party payable consists of the following:


In millions as of December 31	2021		2020
Inventory purchases	$	110	$	16
Other	—		9
Total	$	110	$	25

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


In millions	2021		2020		2019
General financing activities	$	(661)	(494)		(565)
Corporate allocations	112		154		196
Stock-based compensation	10		15		19
Final spin-off adjustments (a)	(28)		—		—
Total net transfers (to) from Parent	$	(567)	$	(325)	$	(350)

(a) This amount includes a net out of period correction of $(85) million to the final Parent company investment as of the date of the Distribution. The amount is comprised of an understatement of Inventories of $32 million, an understatement of Deferred tax liabilities of $(8) million, an overstatement of Deferred Charges and Other Assets of $(196) million, and an understatement of accumulated cumulative translation losses of $87 million (see further discussion in Note 5). These amounts were determined to be immaterial to the current and prior periods.