DERIVATIVES AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Financial Instruments [Table Text Block]

The notional amounts of qualifying and non-qualifying financial instruments used in hedging transactions were as follows:

In millions	March 31, 2022	December 31, 2021
Derivatives Not Designated as Hedging Instruments:
Electricity contract (MWh)	0.5	0.5

Gains Or Losses Recognized In Accumulated Other Comprehensive Income (AOCI), Net Of Tax, Related To Derivative Instruments [Table Text Block]

The following table shows gains or losses recognized in AOCI, net of tax, related to derivative instruments: 

	Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)
	Three Months Ended March 31,
In millions	2022		2021
Derivatives in Cash Flow Hedging Relationships:
Foreign exchange contracts	$	—	$	(6)
Total	$	—	$	(6)
Derivatives in Net Investment Hedging Relationships:
Foreign exchange contracts	$	—	$	17
Total	$	—	$	17

Gains And Losses Recognized In Consolidated Statement Of Operations On Qualifying And Non-Qualifying Financial Instruments [Table Text Block]

The amounts of gains and losses recognized in the statement of operations on qualifying and non-qualifying financial instruments used in hedging transactions were as follows:

	Gain (Loss) Reclassified from AOCI Into Income (Effective Portion)				Location of Gain (Loss) Reclassified from AOCI (Effective Portion)
	Three Months Ended March 31,
In millions	2022		2021
Derivatives in Cash Flow Hedging Relationships:
Foreign exchange contracts	$	—	$	(3)	Discontinued operations, net of taxes
Total	$	—	$	(3)

	Gain (Loss) Recognized in Income				Location of Gain (Loss) In  Statement of Operations
	Three Months Ended March 31,
In millions	2022		2021
Derivatives Not Designated as Hedging Instruments:
Electricity contract	$	8	$	2	Cost of products sold
Total	$	8	$	2

Impact Of Derivative Instruments In Consolidated Balance Sheet [Table Text Block]

The following table provides a summary of the impact of our derivative instruments in the balance sheet:

Fair Value Measurements

Level 2 – Significant Other Observable Inputs

 

	Assets
In millions	March 31, 2022			December 31, 2021
Derivatives not designated as hedging instruments
Electricity contract	$	17		$	10
Total derivatives	$	17	(a)	$	10	(b)

(a)Includes $13 million recorded in Other current assets and $4 million recorded in Deferred charges and other assets in the accompanying condensed consolidated balance sheet.

(b)Included in Other current assets in the accompanying condensed consolidated balance sheet.