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REVENUE RECOGNITION
 6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
External Net Sales by Product

External net sales by major products were as follows by business segment:
Three Months Ended
June 30,		Six Months Ended
June 30,
In millions
2022202120222021
Europe
Uncoated Papers
$112 $52 $202 $122 
Market Pulp
23 23 50 43 
Europe
135 75 252 165 
Latin America
Uncoated Papers
228 190 424 333 
Market Pulp
— 11 — 24 
Latin America
228 201 424 357 
North America
Uncoated Papers
528 402 1,013 764 
Market Pulp
21 17 44 33 
North America
549 419 1,057 797 
Total
$912 $695 $1,733 $1,319 
Revenue Contract Balances
A contract asset is created when the Company recognizes revenue on its customized products for which we have an enforceable right to payment.
A contract liability is created when customers prepay for goods prior to the Company transferring those goods to the customer. The contract liability is reduced when control of the goods is transferred to the customer, satisfying our performance obligation. The majority of our customer prepayments are received during the fourth quarter each year for goods that will be transferred to customers over the following twelve months. Contract liabilities of $1 million and $1 million are included in “Other current liabilities” as of June 30, 2022 and December 31, 2021, respectively.

The difference between the opening and closing balances of the Company’s contract assets and contract liabilities primarily results from the difference between the price and quantity at comparable points in time for goods which we have an unconditional right to payment or receive pre-payment from the customer, respectively.