GOODWILL AND OTHER INTANGIBLES (Tables)

6 Months Ended

Jun. 30, 2017

The following table presents changes in goodwill balances as allocated to each business segment for the six-month period ended June 30, 2017:



In millions	Industrial Packaging				Global Cellulose Fibers			Printing Papers			Consumer Packaging			Total
Balance as of January 1, 2017
Goodwill	$	3,316			$	19		$	2,143		$	1,664		$	7,142
Accumulated impairment losses (a)	(237		)		—			(1,877		)	(1,664		)	(3,778		)
	3,079				19			266			—			3,364
Reclassifications and other (b)	4				—			4			—			8
Additions/reductions	5			(c)	33		(d)	(1		)	—			37
Balance as of June 30, 2017
Goodwill	3,325				52			2,146			1,664			7,187
Accumulated impairment losses (a)	(237		)		—			(1,877		)	(1,664		)	(3,778		)
Total	$	3,088			$	52		$	269		$	—		$	3,409


(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)	Reflects the acquisition of the newly acquired Moroccan box plant.


(d)	Represents purchase price adjustments related to the the newly acquired pulp business.

Identifiable intangible assets comprised the following:



	June 30, 2017				December 31, 2016
In millions	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships and lists	$	605	$	229	$	605	$	211
Non-compete agreements	72		70		69		64
Tradenames, patents and trademarks, and developed technology	173		65		173		56
Land and water rights	8		2		10		2
Software	23		21		21		20
Other	48		27		48		26
Total	$	929	$	414	$	926	$	379

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	2017		2016		2017		2016
Amortization expense related to intangible assets	$	17	$	13	$	33	$	25