XML 53 R35.htm IDEA: XBRL DOCUMENT v3.24.0.1
SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash, temporary investments and restricted cash in the consolidated balance sheets to total cash, temporary investments and restricted cash in the consolidated and combined statements of cash flows:
In millions as of December 31
20232022
Cash and temporary investments
$220 $360 
Restricted cash
60 — 
Total cash, temporary investments and restricted cash in the statements of cash flows
$280 $360 
Schedule of Accounts and Notes Receivable Net
Accounts and notes receivable, net, by classification were:
In millions as of December 31 
20232022
Accounts and notes receivable:
Trade
$404 $430 
Notes and other
24 20 
Total
$428 $450 
Schedule of Inventories
INVENTORIES
In millions as of December 31
20232022
Raw materials
$60 $40 
Finished paper and pulp products
213 226 
Operating supplies
109 78 
Other
22 20 
Total
$404 $364 
Schedule of Plants, Properties and Equipment, net
PLANTS, PROPERTIES AND EQUIPMENT, NET
In millions as of December 31
20232022
Land
$10 $8 
Buildings
396 361 
Machinery
4,298 3,903 
Construction in progress
102 103 
Capital leases
38 37 
Gross cost
4,844 4,412 
Less: Accumulated depreciation
3,842 3,595 
Plants, Properties and Equipment, net
$1,002 $817 
Schedule of Interest Expense
Amounts related to interest were as follows:

In millions
202320222021
Interest expense (a)
$64 $80 $32 
Interest income (b)
(26)(8)(32)
Capitalized interest costs(4)(3)(1)
Total$34 $69 $(1)
(a)     Interest expense for 2023 includes $5 million of debt extinguishment cost related to the tender offer for our 7.00% 2029 Senior Notes. Interest expense for 2022 includes $5 million of debt extinguishment cost related to the repayment of the total outstanding balance of Term Loan B.
(b)    Interest income for 2023 includes $9 million of interest income related to tax settlements and $4 million of interest income related to the recognition of a foreign value-added tax refund in Brazil.