v3.24.2

SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Information

Segment information is as follows:

			Three Months Ended June 30,						Six Months Ended June 30,
In millions			2024			2023			2024			2023
NET SALES:
Americas Paperboard Packaging			$	1,551		$	1,571		$	3,082		$	3,115
Europe Paperboard Packaging			474			523			944			1,055
Paperboard Manufacturing			174			252			397			568
Corporate/Other/Eliminations(a)			38			46			73			92
Total			$	2,237		$	2,392		$	4,496		$	4,830
INCOME (LOSS) FROM OPERATIONS:
Americas Paperboard Packaging(b)(c)			$	229		$	274		$	510		$	543
Europe Paperboard Packaging(d)			28			21			47			47
Paperboard Manufacturing(b)(c)(e)			68			(33)			42			(6)
Corporate and Other(c)			(1)			5			3			13
Total			$	324		$	267		$	602		$	597
DEPRECIATION AND AMORTIZATION:
Americas Paperboard Packaging(b)			$	48		$	46		$	105		$	89
Europe Paperboard Packaging			28			27			55			54
Paperboard Manufacturing(b)			49			86			106			147
Corporate and Other			8			6			15			14
Total			$	133		$	165		$	281		$	304

(a) Includes revenue from customers for the Australia and Pacific Rim operating segments.

(b) Includes accelerated depreciation related to exit activities in 2024 and 2023 (see “Note 13 - Exit Activities”).

(c) Includes expenses related to business combinations, exit activities and other special items (see “Note 1 - General Information”).

(d) Includes impairment charges related to Russia in 2023 (see “Note 14 - Divestitures”).

(e) Includes gain from Augusta Divestiture in 2024 (see “Note 14 - Divestitures”).

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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