EQUITY METHOD INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Equity Method Investments [Line Items]

Equity Method Investments [Table Text Block]

Summarized financial information for the Ilim joint venture is presented in the following tables:

Balance Sheet

In millions	June 30, 2023		December 31, 2022
Current assets	$	708	$	766
Noncurrent assets	3,044		3,663
Current liabilities	1,453		1,275
Noncurrent liabilities	1,261		2,040
Noncontrolling interests	38		40

Income Statement

	Three Months Ended June 30,				Six Months Ended June 30,
In millions	2023		2022		2023		2022
Net sales	$	581	$	815	$	1,203	$	1,522
Gross profit	253		444		530		843
Income (loss) from continuing operations	92		189		176		372
Net income (loss)	88		185		168		362