GOODWILL AND OTHER INTANGIBLES (Note)

9 Months Ended

Sep. 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 nine months ended September 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
Balance as of Sept 30, 2023
Goodwill	3,413		52		3,465
Accumulated impairment losses	(372)		(52)		(424)
Total	$	3,041	$	—	$	3,041

Other Intangibles

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

	September 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	$	492	$	327	$	165	$	490	$	303	$	187
Tradenames, patents and trademarks, and developed technology	170		152		18		170		146		24
Land and water rights	8		2		6		8		2		6
Other	21		18		3		23		20		3
Total	$	691	$	499	$	192	$	691	$	471	$	220

The Company recognized the following amounts as amortization expense related to intangible assets: 

	Three Months Ended September 30,				Nine Months Ended September 30,
In millions	2023		2022		2023		2022
Amortization expense related to intangible assets	$	9	$	11	$	27	$	33