GOODWILL AND OTHER INTANGIBLES (Tables)

6 Months Ended

Jun. 30, 2013

Changes in goodwill balances

The following table presents changes in goodwill balances as allocated to each business segment for the six-month period ended June 30, 2013:

In millions	Industrial Packaging				Printing Papers				Consumer Packaging			Distribution		Total
Balance as of January 1, 2013
Goodwill	$	3,165			$	2,396			$	1,783		$	400	$	7,744
Accumulated impairment losses (a)	—				(1,765		)		(1,664		)	—		(3,429		)
	3,165				631				119			400		4,315
Reclassifications and other (b)	(14		)		(44		)		2			—		(56		)
Additions/reductions	190			(c)	(12		)	(d)	—			—		178
Balance as of June 30, 2013
Goodwill	3,341				2,340				1,785			400		7,866
Accumulated impairment losses (a)	—				(1,765		)		(1,664		)	—		(3,429		)
Total	$	3,341			$	575			$	121		$	400	$	4,437

(a) Represents accumulated goodwill impairment charges since the adoption of ASC 350, “Intangibles – Goodwill and Other” in 2002.

(b) Represents the effects of foreign currency translations and reclassifications.

(c) Represents Orsa IP, the newly formed joint venture in Brazil.

(d) Reflects a reduction from tax benefits generated by the deduction of goodwill amortization for tax purposes in Brazil.

Identifiable intangible assets

Identifiable intangible assets comprised the following:

	June 30, 2013				December 31, 2012
In millions	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships and lists	$	737	$	125	$	644	$	112
Non-compete agreements	79		38		83		30
Tradenames, patents and trademarks	161		16		144		16
Land and water rights	69		6		87		6
Fuel and power agreements	18		14		17		12
Software	29		28		22		19
Other	105		16		83		19
Total	$	1,198	$	243	$	1,080	$	214

Amortization expense of intangible assets

The Company recognized the following amounts as amortization expense related to intangible assets:

	Three Months Ended June 30,				Six Months Ended June 30,
In millions	2013		2012		2013		2012
Amortization expense related to intangible assets	$	19	$	7	$	36	$	15