GOODWILL AND OTHER INTANGIBLES (Note)

6 Months Ended

Jun. 30, 2023

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, 2023:

In millions	Industrial Packaging		Global Cellulose Fibers		Total
Balance as of January 1, 2023
Goodwill	$	3,413	$	52	$	3,465
Accumulated impairment losses	(372)		(52)		(424)
	3,041		—		3,041
Currency translation and other (a)	2		—		2
Accumulated impairment loss additions / reductions	—		—		—
Balance as of June 30, 2023
Goodwill	3,415		52		3,467
Accumulated impairment losses	(372)		(52)		(424)
Total	3,043		—		3,043

(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, 2023						December 31, 2022
In millions	Gross Carrying Amount		Accumulated Amortization		Net Intangible Assets		Gross Carrying Amount		Accumulated Amortization		Net Intangible Assets
Customer relationships and lists	$	494	$	321	$	173	$	490	$	303	$	187
Tradenames, patents and trademarks, and developed technology	170		150		20		170		146		24
Land and water rights	8		2		6		8		2		6
Other	21		18		3		23		20		3
Total	$	693	$	491	$	202	$	691	$	471	$	220

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	2023		2022		2023		2022
Amortization expense related to intangible assets	$	9	$	11	$	18	$	22