
In millions	Europe		Latin America		North America		Total
Sales	$	801	$	974	$	2,029	$	3,804
Intersegment Sales	(2)		(29)		—		(31)
Net sales	$	799	$	945	$	2,029	$	3,773
Less:
Cost of products sold and other	694		617		1,438		2,749
Maintenance outages	1		18		54		73
Economic downtime	10		—		27		37
Selling and administrative expenses	52		91		167		310
Depreciation, amortization and cost of timber harvested	33		75		51		159
Add:
Other special items, net (a)	1		6		1		8
Business Segment Operating Profit	$	10	$	150	$	293	$	453
Income (loss) before income taxes							$	405
Interest (income) expense, net							39
Corporate special items, net							1
Other special items, net							8
Business Segment Operating Profit							$	453

(a) Other special items, net in the period presented primarily include legal fees related to the Brazil Tax Dispute, a loss related to forest fires in Brazil, certain severance costs related to our salaried workforce, and integration costs related to the Nymölla acquisition.


In millions	Europe		Latin America		North America		Total
Sales	$	821	$	1,006	$	1,951	$	3,778
Intersegment Sales	—		(57)		—		(57)
Net sales	$	821	$	949	$	1,951	$	3,721
Less:
Cost of products sold and other	704		574		1,342		2,620
Maintenance outages	27		9		53		89
Economic downtime	38		—		85		123
Selling and administrative expenses	68		98		163		329
Depreciation, amortization and cost of timber harvested	28		68		47		143
Add:
Other special items, net (a)	19		(3)		8		24
Business Segment Operating Profit	$	(25)	$	197	$	269	$	441
Income (loss) before income taxes							$	369
Interest (income) expense, net							34
Corporate special items, net							14
Other special items, net							24
Business Segment Operating Profit							$	441

(a) Other special items, net in the period presented primarily include foreign VAT refunds, transaction and integration costs related to the Nymölla acquisition, the impact of the step-up of acquired Nymölla inventory sold during the first quarter of 2023, and certain severance costs related to our salaried workforce.


In millions	Europe		Latin America		North America		Total
Sales	$	501	$	1,023	$	2,173	$	3,697
Intersegment Sales	—		(69)		—		(69)
Net sales	$	501	$	954	$	2,173	$	3,628
Less:
Cost of products sold and other	403		587		1,586		2,576
Maintenance outages	—		18		55		73
Economic downtime	—		—		2		2
Selling and administrative expenses	34		78		192		304
Depreciation, amortization and cost of timber harvested	15		59		51		125
Add:
Other special items, net (a)	1		—		4		5
Business Segment Operating Profit	$	50	$	212	$	291	$	553
Income (loss) before income taxes							$	467
Interest (income) expense, net							69
Corporate special items, net							12
Other special items, net							5
Business Segment Operating Profit							$	553

(a) Other special items, net in the period presented primarily include one-time costs associated with the spin-off and transaction and integration costs associated with the Nymölla acquisition.

Note: Cost of products sold and other in each of the tables above includes costs directly related to the manufacture of our products and taxes other than payroll and income taxes but excludes costs directly attributable to maintenance outages and unabsorbed costs due to economic downtime. Costs of products sold and other also excludes depreciation, amortization and cost of timber harvested which is presented separately.

The Company had one customer within our North America business segment that represented approximately 13%, 14% and 13% of our consolidated net sales for the years ended December 31, 2024, 2023 and 2022, respectively.


In millions as of December 31	2024		2023
Europe	$	324	$	370
Latin America	1,065		1,226
North America	904		909
Corporate and Other (a)	311		367
Assets	$	2,604	$	2,872