EQUITY (Tables)

9 Months Ended

Sep. 30, 2025

Equity [Abstract]

Schedule of Stockholders' Equity

A summary of the changes in equity for the three months and nine months ended September 30, 2025 and 2024 is provided below:

	Three Months Ended September 30, 2025
In millions, except per share amounts	Common Stock Issued		Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Common Stock Held In Treasury, At Cost		Total Equity
Balance, July 1	$	627	$	14,374	$	8,865	$	(672)	$	4,577	$	18,617
Issuance of stock for various plans, net	—		19		—		—		(4)		23
Repurchase of stock	—		—		—		—		1		(1)
Common stock dividends ($0.4625 per share)	—		—		(246)		—		—		(246)
Comprehensive income (loss)	—		—		(1,102)		26		—		(1,076)
Ending Balance, September 30	$	627	$	14,393	$	7,517	$	(646)	$	4,574	$	17,317

	Nine Months Ended September 30, 2025
In millions, except per share amounts	Common Stock Issued		Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Common Stock Held In Treasury, At Cost		Total Equity
Balance, January 1	$	449	$	4,732	$	9,393	$	(1,722)	$	4,679	$	8,173
Issuance of stock for various plans, net	—		(70)		—		—		(169)		99
Issuance of stock for DS Smith acquisition	178		9,731		—		—		—		9,909
Repurchase of stock	—		—		—		—		64		(64)
Common stock dividends ($1.3875 per share)	—		—		(744)		—		—		(744)
Comprehensive income (loss)	—		—		(1,132)		1,076		—		(56)
Ending Balance, September 30	$	627	$	14,393	$	7,517	$	(646)	$	4,574	$	17,317

	Three Months Ended September 30, 2024
In millions, except per share amounts	Common Stock Issued		Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Common Stock Held In Treasury, At Cost		Total Equity
Balance, July 1	$	449	$	4,688	$	9,719	$	(1,580)	$	4,681	$	8,595
Issuance of stock for various plans, net	—		22		—		—		—		22
Common stock dividends ($0.4625 per share)	—		—		(164)		—		—		(164)
Comprehensive income (loss)	—		—		150		26		—		176
Ending Balance, September 30	$	449	$	4,710	$	9,705	$	(1,554)	$	4,681	$	8,629

	Nine Months Ended September 30, 2024
In millions, except per share amounts	Common Stock Issued		Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Common Stock Held In Treasury, At Cost		Total Equity
Balance, January 1	$	449	$	4,730	$	9,491	$	(1,565)	$	4,750	$	8,355
Issuance of stock for various plans, net	—		(20)		—		—		(91)		71
Repurchase of stock	—		—		—		—		22		(22)
Common stock dividends ($1.3875 per share)	—		—		(490)		—		—		(490)
Comprehensive income (loss)	—		—		704		11		—		715
Ending Balance, September 30	$	449	$	4,710	$	9,705	$	(1,554)	$	4,681	$	8,629