GOODWILL AND OTHER INTANGIBLES (Note)

6 Months Ended

Jun. 30, 2022

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 six-months ended June 30, 2022:

In millions	Industrial Packaging		Global Cellulose Fibers		Total
Balance as of January 1, 2022
Goodwill	$	3,426	$	52	$	3,478
Accumulated impairment losses	(296)		(52)		(348)
	3,130		—		3,130
Currency translation and other (a)	(6)		—		(6)
Goodwill additions/reductions	—		—		—
Accumulated impairment loss additions / reductions	—		—		—
Balance as of June 30, 2022
Goodwill	3,420		52		3,472
Accumulated impairment losses	(296)		(52)		(348)
Total	$	3,124	$	—	$	3,124

(a)Represents the effects of foreign currency translations.

Other Intangibles

Identifiable intangible assets are recorded in Deferred Charges and Other Assets in the accompanying condensed consolidated balance sheet and comprised the following: 

	June 30, 2022						December 31, 2021
In millions	Gross Carrying Amount		Accumulated Amortization		Net Intangible Assets		Gross Carrying Amount		Accumulated Amortization		Net Intangible Assets
Customer relationships and lists	$	490	$	288	$	202	$	493	$	273	$	220
Tradenames, patents and trademarks, and developed technology	170		139		31		170		131		39
Land and water rights	8		2		6		8		2		6
Other	22		20		2		24		21		3
Total	$	690	$	449	$	241	$	695	$	427	$	268

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	2022		2021		2022		2021
Amortization expense related to intangible assets	$	11	$	11	$	22	$	22