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REVENUE RECOGNITION
3 Months Ended
Mar. 31, 2023
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
March 31,
In millions
20232022
Europe
Uncoated Papers
$221 $90 
Market Pulp
27 27 
Europe
248 117 
Latin America (a)
Uncoated Papers
186 181 
Market Pulp20 15 
Latin America
206 196 
North America
Uncoated Papers
487 486 
Market Pulp
18 22 
North America
505 508 
Total
$959 $821 
(a) Prior period amounts have been corrected to reflect market pulp sales

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. Contract liabilities of $3 million are included in “Other current liabilities” as of March 31, 2023. There were no contract liabilities included in “Other current liabilities” as of December 31, 2022.

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.