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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in goodwill by business segment
An analysis of changes in the Company’s goodwill by business segment is as follows (in millions):
 MPAWP
ESG
Total
Balance at December 31, 2022, gross
$208 $138 $— $346 
Accumulated impairment (23)(39)— (62)
Balance at December 31, 2022, net
185 99 — 284 
Acquisitions— — 
Foreign exchange effect and other— 
Balance at December 31, 2023, gross
218 139 — 357 
Accumulated impairment(23)(39)— (62)
Balance at December 31, 2023, net
195 100 — 295 
Acquisitions— — 803 803 
Foreign exchange effect and other(4)(1)— (5)
Balance at December 31, 2024, gross
214 138 803 1,155 
Accumulated impairment(23)(39)— (62)
Balance at December 31, 2024, net
$191 $99 $803 $1,093 
Schedule of intangible assets by class
Intangible assets, net were comprised of the following (in millions):
December 31, 2024December 31, 2023
Weighted Average Life
(in years)
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Definite-lived intangible assets:
Technology12$159 $(12)$147 $10 $(10)$— 
Customer Relationships15858 (44)814 36 (29)
Trade Names
14152 (10)142 12 (8)
Land Use Rights
80(1)(1)
Other1018 (17)18 (16)
Total definite-lived intangible assets
$1,191 $(84)$1,107 $80 $(64)$16 
Finite-lived Intangible Assets Amortization Expense
For the Year Ended December 31,
(in millions)202420232022
Aggregate Amortization Expense$21 $$
Schedule of intangible assets amortization expense
Estimated aggregate intangible asset amortization expense for each of the next five years is as follows (in millions):
2025$82 
202681 
202781 
202881 
202980