SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION (Note)

3 Months Ended

Mar. 31, 2021

Disclosure Text Block Supplement [Abstract]

Supplemental Financial Statement Information [Note Text Block]

NOTE 10 - SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION

Temporary Investments

Temporary investments with an original maturity of three months or less and money market funds with greater than three month maturities but with the right to redeem without notices are treated as cash equivalents and are stated at cost. Temporary investments totaled $491 million and $358 million at March 31, 2021 and December 31, 2020, respectively.

Accounts and Notes Receivable


In millions	March 31, 2021		December 31, 2020
Accounts and notes receivable, net:
Trade	$	2,873	$	2,776
Other	469		288
Total	$	3,342	$	3,064

The allowance for expected credit losses was $70 million and $76 million at March 31, 2021 and December 31, 2020, respectively. Based on the Company's accounting estimates and the facts and circumstances available as of the reporting date, we believe our allowance for expected credit losses is adequate.

Inventories


In millions	March 31, 2021		December 31, 2020
Raw materials	$	214	$	268
Finished pulp, paper and packaging	993		1,091
Operating supplies	571		627
Other	50		64
Total	$	1,828	$	2,050

Plants, Properties and Equipment

Accumulated depreciation was $20.7 billion and $21.4 billion at March 31, 2021 and December 31, 2020, respectively. Depreciation expense was $294 million and $309 million for the three months ended March 31, 2021 and 2020, respectively.

Non-cash additions to plants, property and equipment included within accounts payable were $40 million and $41 million at March 31, 2021 and December 31, 2020, respectively.

Amounts invested in capital projects in the accompanying condensed consolidated statement of cash flows are presented net of insurance recoveries of $2 million received during the three months ended March 31, 2021 and $30 million received during the three months ended March 31, 2020.

Interest

Interest payments made during the three months ended March 31, 2021 and 2020 were $112 million and $184 million, respectively.

Amounts related to interest were as follows:


	Three Months Ended March 31,
In millions	2021		2020
Interest expense	$	124	$	163
Interest income	32		46
Capitalized interest costs	2		9

Asset Retirement Obligations

The Company had recorded liabilities of $113 million and $116 million related to asset retirement obligations at March 31, 2021 and December 31, 2020, respectively.