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SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION | 9 Months Ended
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Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION | SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION Temporary Investments Temporary investments with an original maturity of three months or less and money market funds with greater than three-month maturities but with the right to redeem without notice are treated as cash equivalents and are stated at cost. Temporary investments totaled $52 million and $104 million at September 30, 2025 and December 31, 2024, respectively. Accounts and Notes Receivable Accounts and notes receivable, net, by classification were:
In millions | September 30, 2025 |  | December 31, 2024
Accounts and notes receivable: |  |  |
Trade | $ | 369 |  |  | $ | 402 |
Notes and other | 24 |  |  | 27 |
Total | $ | 393 |  |  | $ | 429 |
The allowance for expected credit losses was $25 million and $21 million at September 30, 2025 and December 31, 2024, respectively. Based on the Company’s accounting estimates and the facts and circumstances available as of the reporting date, we believe our allowance for expected credit losses is adequate. Inventories
In millions | September 30, 2025 |  | December 31, 2024
Raw materials | $ | 71 |  |  | $ | 56 |
Finished paper and pulp products | 233 |  |  | 178 |
Operating supplies | 121 |  |  | 107 |
Other | 9 |  |  | 20 |
Total | $ | 434 |  |  | $ | 361 |
Plants, Properties and Equipment, Net Accumulated depreciation was $3.9 billion and $3.6 billion at September 30, 2025 and December 31, 2024, respectively. Depreciation expense was $37 million and $33 million for the three months and $103 million and $97 million for the nine months ended September 30, 2025 and 2024, respectively. Additions to plants, property and equipment included within accounts payable were $16 million and $12 million at September 30, 2025 and December 31, 2024, respectively. Forestlands There were no additions to Forestlands included within accounts payable at September 30, 2025. Additions to Forestlands included within accounts payable were $10 million at December 31, 2024. Interest Interest payments of $37 million and $49 million were made during the nine months ended September 30, 2025 and 2024, respectively. Amounts related to interest were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
In millions | 2025 |  | 2024 |  | 2025 |  | 2024
Interest expense (a) | $ | 12 |  |  | $ | 19 |  |  | $ | 36 |  |  | $ | 46 |
Interest income | (2) |  |  | (4) |  |  | (5) |  |  | (11) |
Capitalized interest costs | (1) |  |  | (1) |  |  | (3) |  |  | (3) |
Total | $ | 9 |  |  | $ | 14 |  |  | $ | 28 |  |  | $ | 32 |
(a) Interest expense for the three months and nine months ended September 30, 2024 includes $5 million of debt extinguishment cost related to the third quarter debt refinancing. Asset Retirement Obligations As of September 30, 2025 and December 31, 2024, we have recorded liabilities of $29 million and $28 million, respectively, related to asset retirement obligations. These amounts are included in “Other liabilities.” For asset retirement obligations which are conditional upon future events, we cannot reasonably estimate the current fair value of those potential obligations due to the uncertainty as to the timing or amounts that may be incurred.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
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