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SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2024
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 statements of cash flows:
In millions as of December 31
20242023
Cash and temporary investments
$205 $220 
Restricted cash
— 60 
Total cash, temporary investments and restricted cash in the statements of cash flows
$205 $280 
Schedule of Accounts and Notes Receivable Net
Accounts and notes receivable, net, by classification were:
In millions as of December 31 
20242023
Accounts and notes receivable:
Trade
$402 $404 
Notes and other
27 24 
Total
$429 $428 
Schedule of Inventories
INVENTORIES
In millions as of December 31
20242023
Raw materials
$56 $60 
Finished paper and pulp products
178 213 
Operating supplies
107 109 
Other
20 22 
Total
$361 $404 
Schedule of Plants, Properties and Equipment, net
PLANTS, PROPERTIES AND EQUIPMENT, NET
In millions as of December 31
20242023
Land
$9 $10 
Buildings
362 396 
Machinery
4,090 4,298 
Construction in progress
92 102 
Capital leases
37 38 
Gross cost
4,590 4,844 
Less: Accumulated depreciation
3,646 3,842 
Plants, Properties and Equipment, net
$944 $1,002 
Schedule of Interest Expense
Amounts related to interest were as follows:

In millions
202420232022
Interest expense (a)
$57 $64 $80 
Interest income (b)
(14)(26)(8)
Capitalized interest costs(4)(4)(3)
Total$39 $34 $69 
(a)     Interest expense for 2024 includes $5 million of debt extinguishment cost related to the third quarter debt refinancing. 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.