GOODWILL AND OTHER INTANGIBLES (Note)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangibles [Note Text Block]

Goodwill

The following table presents changes in goodwill balances as allocated to each business segment for the three-months ended March 31, 2021: 

In millions	Industrial Packaging		Global Cellulose Fibers		Printing Papers			Total
Balance as of January 1, 2021
Goodwill	$	3,410	$	52	$	1,966		$	5,428
Accumulated impairment losses	(296)		(52)		(1,765)			(2,113)
	3,114		—		201			3,315
Currency translation and other (a)	(3)		—		(14)			(17)
Goodwill additions/reductions	—		—		(56)		(b)	(56)
Accumulated impairment loss additions / reductions	—		—		—			—
Balance as of March 31, 2021
Goodwill	3,407		52		1,896			5,355
Accumulated impairment losses	(296)		(52)		(1,765)			(2,113)
Total	$	3,111	$	—	$	131		$	3,242

(a)Represents the effects of foreign currency translations.

(b)Represents Kwidzyn held for sale in EMEA.

Other Intangibles

Identifiable intangible assets comprised the following: 

	March 31, 2021						December 31, 2020
In millions	Gross Carrying Amount		Accumulated Amortization		Net Intangible Assets		Gross Carrying Amount		Accumulated Amortization		Net Intangible Assets
Customer relationships and lists	$	535	$	296	$	239	$	542	$	294	$	248
Tradenames, patents and trademarks, and developed technology	170		120		50		170		117		53
Land and water rights	8		2		6		8		2		6
Software	17		17		—		25		24		1
Other	15		11		4		19		10		9
Total	$	745	$	446	$	299	$	764	$	447	$	317

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

	Three Months Ended March 31,
In millions	2021		2020
Amortization expense related to intangible assets	$	12	$	10