v3.26.3
BUSINESS SEGMENT INFORMATION - Schedule of Operating Profit (Loss) by Industry Segment (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting [Line Items]        
Net Sales $ 6,197 $ 6,222 $ 18,172 $ 17,628
Cost of products sold 4,263 4,287 12,851 12,514
Selling and administrative expenses 558 493 1,632 1,505
Depreciation and amortization 526 1,099 1,503 2,050
Distribution expenses 559 524 1,595 1,457
Interest Expense, net 96 85 259 277
Adjustment for less than wholly owned subsidiaries 0 (1) (1) (2)
Corporate expenses, net 37 17 72 74
Net special items 1,430 354 1,521 611
Non-operating pension (income) expense (15) (4) (49) (6)
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings (Loss) (1,194) (675) (1,127) (714)
Impairment of goodwill 1,377 0 1,377 0
Restructuring charges, net 9 342 41 464
Other nonrecurring (income) expense 7 55 18 69
Gain on disposition of business 0 (16) 11 35
Asset impairment   31   31
Gain on sale of fixed assets 23 (15) 23 52
North Pacific Paper Company        
Segment Reporting [Line Items]        
Business combination, acquisition-related cost, expense 2   7  
DS Smith Plc        
Segment Reporting [Line Items]        
Business combination, acquisition-related cost, expense   4   94
Business combination, transactions costs   38   314
Box Plant In Chile        
Segment Reporting [Line Items]        
Gain on disposition of business     11  
Box Plant In Compton California        
Segment Reporting [Line Items]        
Gain on sale of assets 30   30  
EMEA Plants        
Segment Reporting [Line Items]        
Gain on disposition of business       51
Resource and asset realignment - PS EMEA        
Segment Reporting [Line Items]        
Business exit costs (benefit) 65   119  
Restructuring charges, net (9) 67 13 97
Riceboro Containerboard Mill        
Segment Reporting [Line Items]        
Business exit costs (benefit)   95 (6) 95
Resource And Asset Realignment        
Segment Reporting [Line Items]        
Restructuring charges, net 9   47  
Red River Containerboard Mill        
Segment Reporting [Line Items]        
Restructuring charges, net       85
Permanently Closed Mills        
Segment Reporting [Line Items]        
Gain on sale of fixed assets       67
Savannah Containerboard Mill        
Segment Reporting [Line Items]        
Business exit costs (benefit)   135   135
PS NA        
Segment Reporting [Line Items]        
Impairment of goodwill     0  
PS EMEA        
Segment Reporting [Line Items]        
Impairment of goodwill     1,377  
Net sales from external customers        
Segment Reporting [Line Items]        
Net Sales 6,147 6,169 18,023 17,481
Net sales from external customers | PS NA        
Segment Reporting [Line Items]        
Net Sales 3,867 3,859 11,134 11,330
Net sales from external customers | PS EMEA        
Segment Reporting [Line Items]        
Net Sales 2,280 2,310 6,889 6,151
Intersegment sales        
Segment Reporting [Line Items]        
Net Sales (13) (39) (61) (130)
Intersegment sales | PS NA        
Segment Reporting [Line Items]        
Net Sales (13) (39) (60) (130)
Intersegment sales | PS EMEA        
Segment Reporting [Line Items]        
Net Sales 0 0 (1) 0
Operating segments        
Segment Reporting [Line Items]        
Net Sales 6,160 6,208 18,084 17,611
Business Segment Operating Profit (Loss) 354 (224) 675 240
Operating segments | PS NA        
Segment Reporting [Line Items]        
Net Sales 3,880 3,898 11,194 11,460
Cost of products sold 2,526 2,582 7,641 7,846
Selling and administrative expenses 335 335 1,002 957
Depreciation and amortization 242 831 698 1,480
Distribution expenses 319 287 880 834
Other segment items 31 29 94 90
Business Segment Operating Profit (Loss) 427 (166) 879 253
Operating segments | PS EMEA        
Segment Reporting [Line Items]        
Net Sales 2,280 2,310 6,890 6,151
Cost of products sold 1,666 1,721 5,065 4,567
Selling and administrative expenses 154 134 482 381
Depreciation and amortization 283 267 804 569
Distribution expenses 241 235 715 621
Other segment items 9 11 28 26
Business Segment Operating Profit (Loss) (73) (58) (204) (13)
Other external sales        
Segment Reporting [Line Items]        
Net Sales $ 50 $ 53 $ 149 $ 147