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REVENUE RECOGNITION
6 Months Ended
Jun. 30, 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
June 30,
Six Months Ended
June 30,
In millions
2023202220232022
Europe
Uncoated Papers
$192 $112 $395 $202 
Market Pulp
18 23 45 50 
Europe
210 135 440 252 
Latin America (a)
Uncoated Papers
215 215 401 396 
Market Pulp20 13 40 28 
Latin America
235 228 441 424 
North America
Uncoated Papers
463 528 949 1,013 
Market Pulp
11 21 30 44 
North America
474 549 979 1,057 
Total
$919 $912 $1,860 $1,733 
(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 $13 million are included in “Other current liabilities” as of June 30, 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 prepayment from the customer, respectively.