DIVESTITURE AND IMPAIRMENT OF BUSINESS (Tables)

12 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following summarizes the major classes of line items comprising “Income Before Income Taxes” reconciled to “Discontinued operations, net of tax,” related to the Russian operations for all periods presented in the consolidated and combined statement of operations.

In millions for the years ended December 31	2022		2021		2020
NET SALES	$	518	$	674	$	624
COSTS AND EXPENSES
Cost of products sold (exclusive of depreciation, amortization and cost of timber harvested shown separately below)	425		518		493
Selling and administrative expenses	10		6		7
Depreciation, amortization and cost of timber harvested	4		17		19
Taxes other than payroll and income taxes	1		2		2
Impairment of business	296		—		—
Interest expense (income), net	(3)		(1)		—
INCOME BEFORE INCOME TAXES	(215)		132		103
Income tax provision	3		28		20
DISCONTINUED OPERATIONS, NET OF TAXES	$	(218)	$	104	$	83

The following summarizes the major classes of assets and liabilities of the Russian operations reconciled to current assets and long-term assets held for sale and current and long-term liabilities held for sale in the accompanying consolidated balance sheets:

In millions as of December 31	2021
Cash and temporary investments	$	21
Accounts and notes receivable	88
Contract assets	3
Inventories	63
Other current assets	4
Current Assets Held for Sale	$	179
Plants, Properties and Equipment	$	121
Goodwill	10
Right of Use Assets	1
Deferred Charges and Other Assets	9
Long-Term Assets Held for Sale	$	141
Notes payable and current maturities of long-term debt	$	1
Accounts payable	58
Accrued payroll and benefits	3
Other current liabilities	29
Current Liabilities Held for Sale	$	91
Long-Term Debt	$	1
Other Liabilities	12
Long-Term Liabilities Held for Sale	$	13

The following summarizes the total cash provided by operating activities from discontinued operations, net and total cash provided by (used for) investing activities from discontinued operations, net and included in the consolidated statement of cash flows:

In millions for the years ended December 31	2022		2021		2020
Cash Provided by Operating Activities	$	20	$	126	$	114
Cash Provided by (Used for) Investment Activities (a)	$	(5)	$	14	$	(11)