v3.26.1
BUSINESS SEGMENT INFORMATION - Schedule of Operating Profit (Loss) by Industry Segment (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Net Sales $ 6,004 $ 6,142 $ 11,975 $ 11,406
Cost of products sold 4,344 4,422 8,588 8,227
Selling and administrative expenses 564 525 1,074 1,012
Depreciation and amortization 488 431 977 951
Distribution expenses 523 516 1,036 933
Interest Expense, net 87 108 163 192
Adjustment for less than wholly owned subsidiaries 0 0 (1) (1)
Corporate expenses, net 25 37 35 57
Net special items 54 20 91 257
Non-operating pension expense (income) (16) (5) (34) (2)
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings (Loss) (26) 116 67 (39)
Gain on disposition of business 11 51 11 51
Restructuring charges, net 9 39 32 122
Other nonrecurring (income) expense 8 9 11 14
Gain on sale of fixed assets 0 0 0 67
North Pacific Paper Company        
Segment Reporting [Line Items]        
Business combination, acquisition-related cost, expense 5   5  
DS Smith Plc        
Segment Reporting [Line Items]        
Business combination, acquisition-related cost, expense   3   90
Business combination, transactions costs   55   276
Box Plant In Chile        
Segment Reporting [Line Items]        
Gain on disposition of business 11   11  
Remedies Divestiture        
Segment Reporting [Line Items]        
Gain on disposition of business   51   51
Resource and asset realignment - PS EMEA        
Segment Reporting [Line Items]        
Business exit costs (benefit) 43   54  
Restructuring charges, net 14 30 22 30
Riceboro Containerboard Mill        
Segment Reporting [Line Items]        
Business exit costs (benefit) (13)   (6)  
Resource And Asset Realignment        
Segment Reporting [Line Items]        
Restructuring charges, net 22   38  
Red River Containerboard Mill        
Segment Reporting [Line Items]        
Restructuring charges, net   7   85
Permanently Closed Mills        
Segment Reporting [Line Items]        
Gain on sale of fixed assets       67
Net sales from external customers        
Segment Reporting [Line Items]        
Net Sales 5,956 6,094 11,876 11,312
Net sales from external customers | PS NA        
Segment Reporting [Line Items]        
Net Sales 3,670 3,803 7,267 7,471
Net sales from external customers | PS EMEA        
Segment Reporting [Line Items]        
Net Sales 2,286 2,291 4,609 3,841
Intersegment sales        
Segment Reporting [Line Items]        
Net Sales (19) (57) (48) (91)
Intersegment sales | PS NA        
Segment Reporting [Line Items]        
Net Sales (18) (57) (47) (91)
Intersegment sales | PS EMEA        
Segment Reporting [Line Items]        
Net Sales (1) 0 (1) 0
Operating segments        
Segment Reporting [Line Items]        
Net Sales 5,975 6,151 11,924 11,403
Business Segment Operating Profit (Loss) 124 276 321 464
Operating segments | PS NA        
Segment Reporting [Line Items]        
Net Sales 3,688 3,860 7,314 7,562
Cost of products sold 2,608 2,695 5,115 5,264
Selling and administrative expenses 334 340 667 622
Depreciation and amortization 226 236 456 649
Distribution expenses 285 281 561 547
Other segment items 31 31 63 61
Business Segment Operating Profit (Loss) 204 277 452 419
Operating segments | PS EMEA        
Segment Reporting [Line Items]        
Net Sales 2,287 2,291 4,610 3,841
Cost of products sold 1,687 1,699 3,399 2,846
Selling and administrative expenses 171 154 328 247
Depreciation and amortization 262 195 521 302
Distribution expenses 237 235 474 386
Other segment items 10 9 19 15
Business Segment Operating Profit (Loss) (80) (1) (131) 45
Other external sales        
Segment Reporting [Line Items]        
Net Sales $ 48 $ 48 $ 99 $ 94