Reportable segment information for the three and nine months ended September 30, 2025 is as follows:
| | | | | | | | | | | | | | | | Three Months Ended September 30, 2025 | | In millions | Americas Paperboard Packaging | International Paperboard Packaging | Corporate and Other | Total | Net Sales(a) | $ | 1,474 | | $ | 582 | | $ | 134 | | $ | 2,190 | | Cost of Sales(b) | 1,162 | | 477 | | 117 | | 1,756 | | Selling, General and Administrative(b) | 83 | | 63 | | 17 | | 163 | | Other(c) | 7 | | 12 | | 18 | | 37 | | Income (Loss) from Operations | $ | 222 | | $ | 30 | | $ | (18) | | $ | 234 | | | | | | | | Other Segment Information | | | | | Capital Spending | $ | 18 | | $ | 24 | | $ | 225 | | $ | 267 | | | Depreciation and Amortization | 39 | | 33 | | 54 | | 126 | | | | | | |
| | | | | | | | | | | | | | | | Nine Months Ended September 30, 2025 | | In millions | Americas Paperboard Packaging | International Paperboard Packaging | Corporate and Other | Total | Net Sales(a) | $ | 4,461 | | $ | 1,665 | | $ | 388 | | $ | 6,514 | | Cost of Sales(b) | 3,529 | | 1,358 | | 328 | | 5,215 | | Selling, General and Administrative(b) | 267 | | 189 | | 107 | | 563 | | Other(c) | 28 | | 19 | | 41 | | 88 | | Income (Loss) from Operations | $ | 637 | | $ | 99 | | $ | (88) | | $ | 648 | | | | | | | | Other Segment Information | | | | | Capital Spending | $ | 66 | | $ | 66 | | $ | 676 | | $ | 808 | | | Depreciation and Amortization | 121 | | 93 | | 173 | | 387 | | | | | | |
(a) Revenue from sales of paperboard to third parties is reported within Corporate and Other. (b) Cost of Sales and Selling, General and Administrative both include depreciation and amortization, while Cost of Sales also includes accelerated depreciation related to exit activities for all segments presented (see "Note 12 - Exit Activities"). (c) Includes expenses related to business combinations, exit activities and other special charges for all segments presented (see "Note 1 - General Information"). Reportable segment information for the three and nine months ended September 30, 2024 is as follows:
| | | | | | | | | | | | | | | | Three Months Ended September 30, 2024 | | In millions | Americas Paperboard Packaging | International Paperboard Packaging | Corporate and Other | Total | Net Sales(a) | $ | 1,556 | | $ | 547 | | $ | 113 | | $ | 2,216 | | Cost of Sales(b) | 1,151 | | 423 | | 140 | | 1,714 | | Selling, General and Administrative(b) | 92 | | 61 | | 38 | | 191 | | Other(c) | 18 | | 7 | | 8 | | 33 | | Income (Loss) from Operations | $ | 295 | | $ | 56 | | $ | (73) | | $ | 278 | | | | | | | | Other Segment Information | | | | | Capital Spending | $ | 33 | | $ | 18 | | $ | 262 | | $ | 313 | | | Depreciation and Amortization | 45 | | 37 | | 57 | | 139 | | | | | | |
| | | | | | | | | | | | | | | | Nine Months Ended September 30, 2024 | | In millions | Americas Paperboard Packaging | International Paperboard Packaging | Corporate and Other | Total | Net Sales(a) | $ | 4,638 | | $ | 1,603 | | $ | 471 | | $ | 6,712 | | Cost of Sales(b) | 3,499 | | 1,264 | | 440 | | 5,203 | | Selling, General and Administrative(b) | 284 | | 181 | | 138 | | 603 | | Other(c) | 50 | | 33 | | (57) | | 26 | | Income (Loss) from Operations | $ | 805 | | $ | 125 | | $ | (50) | | $ | 880 | | | | | | | | Other Segment Information | | | | | Capital Spending | $ | 128 | | $ | 71 | | $ | 694 | | $ | 893 | | | Depreciation and Amortization | 150 | | 96 | | 174 | | 420 | | | | | | |
(a) Revenue from sales of paperboard to third parties is reported within Corporate and Other. (b) Cost of Sales and Selling, General and Administrative both include depreciation and amortization, while Cost of Sales also includes accelerated depreciation related to exit activities for all segments presented (see "Note 12 - Exit Activities"). (c) Includes expenses related to business combinations, exit activities and other special charges for all segments presented (see "Note 1 - General Information").
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