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FINANCIAL INFORMATION BY BUSINESS SEGMENT AND GEOGRAPHIC AREA
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
FINANCIAL INFORMATION BY BUSINESS SEGMENT AND GEOGRAPHIC AREA FINANCIAL INFORMATION BY BUSINESS SEGMENT AND GEOGRAPHIC AREA
The Company’s business segments, Europe, Latin America and North America, are consistent with the internal structure used to manage these businesses. As discussed in Note 8, the Company’s Russian operations have been classified as discontinued operations and as a result are no longer reported within the Europe business segment for any periods presented.
Business segment operating profits are used by the Company’s management to measure the earnings performance of its businesses. Management believes that business segment operating profit provides investors and analysts useful insights into our operating performance. We define business segment operating profit as our income from continuing operations before income taxes calculated in accordance with GAAP, excluding net interest expense (income) and net business special items which includes net corporate special items.

External sales are defined as those that are made to parties outside the Company’s combined group, whereas sales by business segment in the Net Sales table are determined using a management approach and include intersegment sales.

INFORMATION BY BUSINESS SEGMENT
Net Sales
In millions202220212020
Europe
$501 $366 $297 
Latin America
1,023 786 632 
North America
2,173 1,718 1,490 
Corporate and Intersegment Sales
(69)(42)(34)
Net Sales
$3,628 $2,828 $2,385 
The Company had one customer within our North America business segment that represented approximately 13%, 12% and 14% of our consolidated and combined net sales for the years ended December 31, 2022, 2021 and 2020, respectively.
Business Segment Operating Profit
In millions
202220212020
Europe
$50 $(29)$(34)
Latin America
212 194 83 
North America
291 133 41 
Business Segment Operating Profit
$553 $298 $90 
Income from continuing operations before income taxes
$467 $328 $95 
Interest expense (income), net
69 (1)(4)
Corporate special items, net12 5 — 
Other special items, net
5 (34)(1)
Business Segment Operating Profit$553 $298 $90 
Other Special Items, Net
In millions
202220212020
Europe
$1 $— $— 
Latin America
— (35)(2)
North America
4 1 1 
Other Special Items, Net
$5 $(34)$(1)
Assets
In millions as of December 31
20222021
Europe
$258 $218 
Latin America
1,129 1,034 
North America
894 868 
Corporate and Other (a)
429 477 
Assets
$2,710 $2,597 
(a)     Includes corporate assets and assets of businesses held for sale.
Capital Spending
In millions
202220212020
Europe
$7 $6 $6 
Latin America
76 39 45 
North America
66 24 15 
Capital Spending
$149 $69 $66 
Depreciation, Amortization and Cost of Timber Harvested
In millions
202220212020
Europe
$15 $18 $19 
Latin America
59 58 66 
North America
51 50 50 
Depreciation, Amortization and Cost of Timber Harvested
$125 $126 $135 

INFORMATION BY GEOGRAPHIC AREA

External Net Sales (a)
In millions
202220212020
United States
$2,173 $1,718 $1,490 
Brazil
1,008 734 576 
Europe
501 366 297 
Americas, other than United States and Brazil
15 52 56 
Corporate and Intersegment Sales
(69)(42)(34)
Net Sales
$3,628 $2,828 $2,385 
(a)Net sales are attributed to countries based on the location of the seller.
Long-Lived Assets
In millions as of December 31
20222021
United States
$436 $413 
Brazil
635 546 
Europe
68 83 
Long-Lived Assets
$1,139 $1,042