INDUSTRY SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment [Table Text Block]

Net sales by business segment for the three months and six months ended June 30, 2023 and 2022 were as follows: 

	Three Months Ended June 30,				Six Months Ended June 30,
In millions	2023		2022		2023		2022
Industrial Packaging	$	3,884	$	4,491	$	7,967	$	8,897
Global Cellulose Fibers	698		788		1,509		1,498
Corporate and Intersegment Sales	100		110		226		231
Net Sales	$	4,682	$	5,389	$	9,702	$	10,626

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

Operating profit (loss) by business segment for the three months and six months ended June 30, 2023 and 2022 were as follows: 

	Three Months Ended June 30,				Six Months Ended June 30,
In millions	2023		2022		2023		2022
Industrial Packaging	$	304	$	560	$	626	$	957
Global Cellulose Fibers	30		25		14		(24)
Business Segment Operating Profit (Loss)	$	334	585		$	640	933
Earnings (loss) from continuing operations before income taxes and equity earnings	$	255	$	514	$	476	$	876
Interest expense, net	59		74		121		143
Adjustment for less than wholly owned subsidiaries	—		(1)		—		(1)
Corporate expenses, net	8		27		16		39
Corporate net special items	—		18		—		(28)
Non-operating pension expense (income)	12		(47)		27		(96)
Business Segment Operating Profit (Loss)	$	334	$	585	$	640	$	933