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REVENUE RECOGNITION
9 Months Ended
Sep. 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
September 30,
Nine Months Ended
September 30,
In millions
2023202220232022
Europe
Uncoated Papers
$162 $103 $558 $305 
Market Pulp
22 27 66 77 
Europe
184 130 624 382 
Latin America (a)
Uncoated Papers
225 235 626 631 
Market Pulp12 14 52 42 
Latin America
237 249 678 673 
North America
Uncoated Papers
464 569 1,413 1,582 
Market Pulp
12 20 42 64 
North America
476 589 1,455 1,646 
Total
$897 $968 $2,757 $2,701 
(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 $5 million are included in “Other current liabilities” as of September 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.