XML 48 R37.htm IDEA: XBRL DOCUMENT v3.23.3
FINANCIAL INFORMATION BY BUSINESS SEGMENT AND GEOGRAPHIC AREA (Tables)
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting
Information By Business Segment
Net Sales
Three Months Ended
September 30,
Nine Months Ended
September 30,
In millions
2023202220232022
Europe$184 $130 $624 $382 
Latin America246 270 718 734 
North America476 589 1,455 1,646 
Intersegment Sales(9)(21)(40)(61)
Net Sales$897 $968 $2,757 $2,701 
Business Segment Operating Profit
Three Months Ended
September 30,
Nine Months Ended
September 30,
In millions2023202220232022
Europe$(14)$19 $(2)$38 
Latin America55 58 149 156 
North America75 98 217 226 
Business Segment Operating Profit$116 $175 $364 $420 
Income from continuing operations before income taxes$91 $147 $302 $345 
Interest (income) expense, net9 18 28 52 
Net special items expense (income) (a)16 10 34 23 
Business Segment Operating Profit$116 $175 $364 $420 
(a) Special items represent income or expenses that are incurred periodically, rather than on a regular basis. Net special items in the periods presented primarily include transaction costs related to the Nymölla acquisition, professional and legal fees related to negotiations resulting in a shareholder cooperation agreement, the impact of the step-up of acquired Nymölla inventory sold during the first quarter, certain severance costs related to our salaried workforce and one-time costs incurred in the prior year associated with the spin-off.