DIVESTITURE AND IMPAIRMENT OF BUSINESS (Tables)

9 Months Ended

Sep. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Cash Flow

The following summarizes the major classes of line items comprising Income (Loss) Before Income Taxes reconciled

to Discontinued Operations, net of taxes, related to the Russian operations for all periods presented in the condensed consolidated statement of operations.

In millions	Three Months Ended September 30, 2022		Nine Months Ended September 30, 2022
NET SALES	$	205	$	518
COSTS AND EXPENSES
Cost of products sold (exclusive of depreciation, amortization and cost of timber harvested shown separately below)	165		425
Selling and administrative expenses	6		10
Depreciation, amortization and cost of timber harvested	—		4
Taxes other than payroll and income taxes	—		1
Impairment of business	78		302
Interest (income) expense, net	—		(3)
INCOME (LOSS) BEFORE INCOME TAXES	(44)		(221)
Income tax provision (benefit)	8		3
DISCONTINUED OPERATIONS, NET OF TAXES	$	(52)	$	(224)

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 condensed consolidated statement of cash flows:

In millions for the nine months ended September 30	2022
Cash Provided by Operating Activities	$	20
Cash Provided by (Used for) Investment Activities (a)	$	(5)

(a) Includes cash invested in capital projects of $5 million.