Verso Paper Inactive 10-Q15 May 152015 Q1 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2015	Apr. 30, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	VRS
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		81,861,082
Entity Registrant Name	VERSO CORPORATION
Entity Central Index Key	1421182
Entity Filer Category	Non-accelerated Filer
VERSO PAPER HOLDINGS LLC
Document Information [Line Items]
Entity Registrant Name	VERSO PAPER HOLDINGS LLC
Entity Central Index Key	1395864
Entity Filer Category	Non-accelerated Filer

UNAUDITED_CONDENSED_CONSOLIDAT

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015		Dec. 31, 2014
In Millions, unless otherwise specified	Mar. 31, 2015		Dec. 31, 2014
Current assets:
Cash and cash equivalents	$14		$6
Accounts receivable, net	280		88
Inventories	536		110
Assets held for sale	0		61
Prepaid expenses and other assets	30		11
Total current assets	860		276
Property, plant, and equipment, net	2,053		531
Intangibles and other assets, net	114		71
Total assets	3,027		878
Current liabilities:
Accounts payable	206		63
Accrued liabilities	243		205
Current maturities of long-term debt	13		30
Liabilities related to assets held for sale	0		2
Total current liabilities	462		300
Long-term debt	2,787		1,297
Other liabilities	588		65
Total liabilities	3,837		1,662
Commitments and contingencies (Note 13)	0		0
Equity:
Preferred stock -- par value $0.01 (20,000,000 shares authorized, no shares issued)	0		0
Common stock -- par value $0.01 (250,000,000 shares authorized with 81,758,451 shares issued and 81,549,723 outstanding on March 31, 2015, and with 53,434,698 shares issued and 53,336,634 outstanding on December 31, 2014)	1		1
Treasury stock -- at cost (208,728 shares on March 31, 2015 and 98,064 shares on December 31, 2014)	-1		0
Paid-in-capital	319		222
Retained deficit	-1,102		-980
Accumulated other comprehensive loss	-27		-27
Total deficit	-810		-784
Total liabilities and equity	3,027		878
VERSO PAPER HOLDINGS LLC
Current assets:
Cash and cash equivalents	14		6
Accounts receivable, net	280		88
Inventories	536		110
Assets held for sale	0		61
Prepaid expenses and other assets	30		11
Total current assets	860		276
Property, plant, and equipment, net	2,053		531
Intangibles and other assets, net	138	[1]	94	[1]
Total assets	3,051		901
Current liabilities:
Accounts payable	206		63
Accrued liabilities	243		206
Current maturities of long-term debt	13		30
Liabilities related to assets held for sale	0		2
Total current liabilities	462		301
Long-term debt	2,810	[2]	1,320	[1]
Other liabilities	585		60
Total liabilities	3,857		1,681
Commitments and contingencies (Note 13)	0		0
Equity:
Paid-in-capital	330		234
Retained deficit	-1,109		-987
Accumulated other comprehensive loss	-27		-27
Total deficit	-806		-780
Total liabilities and equity	$3,051		$901

[1]	Intangibles and other assets, net of Guarantor Subsidiaries include $23 million of a long-term note receivable from Verso Finance.
[2]	Long-term debt of Non-Guarantor Affiliate is payable to Verso Finance.

UNAUDITED_CONDENSED_CONSOLIDAT1

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	81,758,451	53,434,698
Common stock, shares outstanding	81,549,723	53,336,634
Treasury stock, shares	208,728	98,064

UNAUDITED_CONDENSED_CONSOLIDAT2

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
Share data in Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net sales	$806,000,000	$299,000,000
Costs and expenses:
Cost of products sold - (exclusive of depreciation, amortization, and depletion)	728,000,000	302,000,000
Depreciation, amortization, and depletion	57,000,000	26,000,000
Selling, general, and administrative expenses	55,000,000	18,000,000
Restructuring charges	22,000,000	0
Total operating expenses	862,000,000	346,000,000
Operating loss	-56,000,000	-47,000,000
Interest expense	66,000,000	34,000,000
Other loss, net	0	10,000,000
Loss before income taxes	-122,000,000	-91,000,000
Net loss	-122,000,000	-91,000,000
Loss per common share (usd per share)
Basic	($1.53)	($1.70)
Diluted	($1.53)	($1.70)
Weighted average common shares outstanding (in thousands)
Basic	79,670	53,188
Diluted	79,670	53,188
VERSO PAPER HOLDINGS LLC
Net sales	806,000,000	299,000,000
Costs and expenses:
Cost of products sold - (exclusive of depreciation, amortization, and depletion)	728,000,000	302,000,000
Depreciation, amortization, and depletion	57,000,000	26,000,000
Selling, general, and administrative expenses	55,000,000	18,000,000
Restructuring charges	22,000,000
Total operating expenses	862,000,000	346,000,000
Operating loss	-56,000,000	-47,000,000
Interest expense	66,000,000	34,000,000
Other loss, net	0	10,000,000
Net loss	($122,000,000)	($91,000,000)

UNAUDITED_CONDENSED_CONSOLIDAT3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net loss	($122)	($91)
Other comprehensive income:
Defined benefit pension plan amortization of net loss and prior service cost	0	0
Other comprehensive income	0	0
Comprehensive loss	-122	-91
VERSO PAPER HOLDINGS LLC
Net loss	-122	-91
Other comprehensive income:
Defined benefit pension plan amortization of net loss and prior service cost	0	0
Other comprehensive income	0	0
Comprehensive loss	($122)	($91)

UNAUDITED_CONDENSED_CONSOLIDAT4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Total	VERSO PAPER HOLDINGS LLC	Common Stock	Treasury Stock	Paid-in-Capital	Paid-in-Capital	Retained Deficit	Retained Deficit	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss)
In Millions, except Share data, unless otherwise specified	Total	VERSO PAPER HOLDINGS LLC	Common Stock	Treasury Stock	Paid-in-Capital	VERSO PAPER HOLDINGS LLC	Retained Deficit	VERSO PAPER HOLDINGS LLC	Accumulated Other Comprehensive Income (Loss)	VERSO PAPER HOLDINGS LLC
Member's Equity Beginning of Period at Dec. 31, 2013		($411)				$231		($631)		($11)
Stockholders' Equity Beginning of Period at Dec. 31, 2013	-417		1	0	220		-627		-11
Common Stock, Shares, Beginning of the Period at Dec. 31, 2013			53,247,000
Treasury stock, Shares Beginning of Period at Dec. 31, 2013				-74,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	-91	-91					-91	-91
Other comprehensive income	0	0							0	0
Treasury shares acquired (in shares)				-24,000
Treasury shares acquired	0			0
Common stock issued for restricted stock, net (in shares)			25,000
Common stock issued for restricted stock, net	0		0
Stock issued for NewPage acquisition	0	0
Stock issued for convertible warrants	0	0
Equity award expense	0	0			0	0
Member's Equity End of Period at Mar. 31, 2014		-502				231		-722		-11
Stockholders' Equity End of Period at Mar. 31, 2014	-508		1	0	220		-718		-11
Common Stock, Shares, End of the Period at Mar. 31, 2014			53,272,000
Treasury stock, Shares End of Period at Mar. 31, 2014				-98,000
Member's Equity Beginning of Period at Dec. 31, 2014		-780				234		-987		-27
Stockholders' Equity Beginning of Period at Dec. 31, 2014	-784		1	0	222		-980		-27
Common Stock, Shares, Beginning of the Period at Dec. 31, 2014	53,434,698		53,435,000
Treasury stock, Shares Beginning of Period at Dec. 31, 2014	-98,064			-98,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contribution from parent (Return of capital)		95				95
Net loss	-122	-122					-122	-122
Other comprehensive income	0	0							0	0
Treasury shares acquired (in shares)				-111,000
Treasury shares acquired	-1			-1
Stock option exercise (in shares)			14,000
Stock option exercise	0		0
Stock issued for NewPage acquisition (shares)			13,607,000
Stock issued for NewPage acquisition	46	46			46
Stock issued for convertible warrants (shares)			14,702,000
Stock issued for convertible warrants	50	50			50
Equity award expense	1	1			1	1
Member's Equity End of Period at Mar. 31, 2015		-806				330		-1,109		-27
Stockholders' Equity End of Period at Mar. 31, 2015	($810)		$1	($1)	$319		($1,102)		($27)
Common Stock, Shares, End of the Period at Mar. 31, 2015	81,758,451		81,758,000
Treasury stock, Shares End of Period at Mar. 31, 2015	-208,728			-209,000

UNAUDITED_CONDENSED_CONSOLIDAT5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash Flows From Operating Activities:
Net cash used in operating activities	($204)	($96)
Cash Flows From Investing Activities:
Proceeds from sale of assets	51	0
Transfers from (to) restricted cash, net	2	2
Capital expenditures	-9	-16
Acquisition, net of cash acquired	128	0
Investment in parent securities	-5	0
Other investing activities	0	5
Net cash provided by (used in) investing activities	167	-9
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities	317	135
Payments on revolving credit facilities	-272	-37
Net cash provided by financing activities	45	98
Change in cash and cash equivalents	8	-7
Cash and cash equivalents at beginning of period	6	11
Cash and cash equivalents at end of period	14	4
Non-cash investing and financing activities:
Notes issued for NewPage acquisition	663	0
Stock issued for NewPage acquisition	46	0
Stock issued for convertible warrants	50	0
Conversion of accrued interest to long-term debt	19	0
Reductions in long-term debt for debt modification	-5	0
Increase in long-term debt from paid in kind (PIK) interest	1	0
Capital expenditures on account	0	-5
VERSO PAPER HOLDINGS LLC
Cash Flows From Operating Activities:
Net cash used in operating activities	-204	-96
Cash Flows From Investing Activities:
Proceeds from sale of assets	51	0
Transfers from (to) restricted cash, net	2	2
Capital expenditures	-9	-16
Acquisition, net of cash acquired	128	0
Investment in parent securities	-5	0
Other investing activities	0	5
Net cash provided by (used in) investing activities	167	-9
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities	317	135
Payments on revolving credit facilities	-272	-37
Net cash provided by financing activities	45	98
Change in cash and cash equivalents	8	-7
Cash and cash equivalents at beginning of period	6	11
Cash and cash equivalents at end of period	14	4
Non-cash investing and financing activities:
Notes issued for NewPage acquisition	663	0
Stock issued for NewPage acquisition	46	0
Stock issued for convertible warrants	50	0
Conversion of accrued interest to long-term debt	19	0
Reductions in long-term debt for debt modification	-5	0
Increase in long-term debt from paid in kind (PIK) interest	1	0
Capital expenditures on account	$0	($5)

BACKGROUND_AND_BASIS_OF_PRESEN

BACKGROUND AND BASIS OF PRESENTATION	3 Months Ended
BACKGROUND AND BASIS OF PRESENTATION	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BACKGROUND AND BASIS OF PRESENTATION	BACKGROUND AND BASIS OF PRESENTATION

	Within our organization, Verso Corporation, formerly named Verso Paper Corp. is the ultimate parent entity and the sole member of Verso Paper Finance Holdings One LLC, which is the sole member of Verso Paper Finance Holdings LLC, which is the sole member of Verso Paper Holdings LLC. As used in this report, the term “Verso” refers to Verso Corporation; the term “Verso Finance” refers to Verso Paper Finance Holdings LLC; the term “Verso Holdings” refers to Verso Paper Holdings LLC; the term “NewPage” refers to NewPage Holdings Inc., a Delaware corporation, which is an indirect, wholly owned subsidiary of Verso pursuant to the Merger Agreement (see below); the term “NewPage Corp” refers to NewPage Corporation, a Delaware corporation, which is an indirect, wholly owned subsidiary of NewPage; and the term for any such entity includes its direct and indirect subsidiaries when referring to the entity’s consolidated financial condition or results. Unless otherwise noted, references to “Verso,” “we,” “us,” and “our” refer collectively to Verso Corporation and Verso Holdings. Other than Verso’s common stock transactions, Verso Finance’s debt obligation and related financing costs and interest expense, Verso Holdings’ loan to Verso Finance, and the debt obligation of Verso Holdings’ consolidated variable interest entity to Verso Finance, the assets, liabilities, income, expenses and cash flows presented for all periods represent those of Verso Holdings in all material respects. Unless otherwise noted, the information provided pertains to both Verso and Verso Holdings.

	On January 3, 2014, Verso, Verso Merger Sub Inc., a Delaware corporation and an indirect, wholly owned subsidiary of Verso, or “Merger Sub,” and NewPage entered into an Agreement and Plan of Merger, or the “Merger Agreement,” pursuant to which the parties agreed to merge Merger Sub with and into NewPage on the terms and subject to the conditions set forth in the Merger Agreement, with NewPage surviving the merger as an indirect, wholly owned subsidiary of Verso. On January 7, 2015, Verso consummated the previously announced acquisition of NewPage through the merger of Merger Sub with and into NewPage, or the “NewPage acquisition,” pursuant to the Merger Agreement. As a result of the merger of Merger Sub with and into NewPage, Merger Sub’s separate corporate existence ceased and NewPage continued as the surviving corporation and an indirect, wholly owned subsidiary of Verso (see Note 4). As the NewPage acquisition was consummated in the current reporting period, the unaudited condensed consolidated financial statements for the quarter ended March 31, 2015, includes the results of operations of NewPage beginning January 7, 2015. We have also elected to change our reporting increment from thousands to millions.

	We operate in the following two market segments: paper and pulp (see Note 14). Our core business platform is as a producer of coated freesheet and coated groundwood papers. Our products are used primarily in media and marketing applications, including catalogs, magazines, and commercial printing applications such as high-end advertising brochures, annual reports, and direct-mail advertising.

	We have historically relied primarily upon cash flow from operations and borrowings under our revolving credit facilities to finance operations, capital expenditures, and debt service requirements. We are a highly leveraged company. As of March 31, 2015, we had $2,787 million in borrowings outstanding under our existing financing arrangements, including the revolving credit facility and the floating rate senior secured term loan issued by NewPage Corp. Also as of March 31, 2015, $35 million was available for future borrowings under the Verso Holdings revolving credit facilities, and $155 million was available for future borrowings under the NewPage Corp revolving credit facility (see Note 6). Our debt arrangements contain financial and other restrictive covenants that limit our ability to engage in activities that may be in our long-term best interests. Failure to comply with those covenants could result in an event of default which, if not cured or waived, could result in the acceleration of all of our debts. If we are unable to repay our indebtedness when due or declared due, our lenders also will have the right to proceed against the collateral pledged to them to secure the indebtedness. Our indebtedness requires us to dedicate a substantial portion of our cash flows from operations to payments for our debt service, thereby reducing the availability of our cash flow to fund working capital, capital expenditures, research and development efforts, and other corporate purposes. In addition, our indebtedness increases our vulnerability to adverse economic and industry conditions and places us at a competitive disadvantage compared to competitors that have less debt.

	Our ability to achieve our future projected operating results is largely based on the successful integration of NewPage (see Note 4), the borrowing availability of the combined company, and the synergies and operational cost reduction and earnings enhancement initiatives expected to be achieved from the NewPage acquisition. If the integration of NewPage into our business is not completed within the expected time frame, the synergies and other benefits that we expect to achieve could be materially and adversely affected, and these situations could result in additional transaction costs, loss of revenue or other effects associated with uncertainty about the NewPage acquisition. If we are unable to meet our projected performance targets, our liquidity could be adversely impacted and we may need to seek additional sources of liquidity. Our future performance could adversely affect our ability to raise additional capital to fund our operations, and there is no assurance that financing will be available in a sufficient amount, on acceptable terms, or on a timely basis.

	Our ability to continue as a going concern is dependent on management’s plans, which are primarily centered on the synergies expected to be achieved from the NewPage acquisition. We have certain significant cash outflow requirements over the next twelve months outside of normal paper mill operations, including our current debt service requirements (see Note 6) and integration costs associated with the NewPage acquisition (see Note 4). While we believe that our future operating results will provide sufficient cash flows to fund our operations, debt service requirements, and capital expenditures, our projected future operating results are subject to material uncertainties, especially those related to our ability to successfully achieve the operational benefits of the NewPage acquisition.

	We believe that our plans for the integration of NewPage, together with cash flows from operations and available borrowings under our revolving credit facilities, are sufficient to allow us to meet our current and future obligations, pay scheduled principal and interest payments, and provide funds for working capital, capital expenditures, and other needs of the business for at least the next twelve months. However, no assurance can be given that our integration of NewPage will be successful or that we will be able to generate sufficient cash flows from operations or that future borrowings will be available under our revolving credit facilities in an amount sufficient to fund our liquidity needs on a long-term basis.

	This report contains the unaudited condensed consolidated financial statements of Verso and Verso Holdings as of March 31, 2015, and for the three-month periods ended March 31, 2015 and 2014. The December 31, 2014, condensed consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required annually by accounting principles generally accepted in the United States of America, or “GAAP.” In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments that are necessary for the fair presentation of Verso’s and Verso Holdings’ respective financial conditions, results of operations, and cash flows for the interim periods presented. Except as disclosed in the notes to the unaudited condensed consolidated financial statements, such adjustments are of a normal, recurring nature. Variable interest entities for which Verso or Verso Holdings is the primary beneficiary are consolidated. Intercompany balances and transactions are eliminated in consolidation. The results of operations and cash flows for the interim periods presented may not necessarily be indicative of full-year results. It is suggested that these financial statements be read in conjunction with the audited consolidated financial statements and notes thereto of Verso and Verso Holdings contained in their respective Annual Reports on Form 10-K for the year ended December 31, 2014.

RECENT_ACCOUNTING_DEVELOPMENTS

RECENT ACCOUNTING DEVELOPMENTS	3 Months Ended
RECENT ACCOUNTING DEVELOPMENTS	Mar. 31, 2015
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING DEVELOPMENTS	RECENT ACCOUNTING DEVELOPMENTS

	ASC Topic 205, Presentation of Financial Statements and ASC Topic 360, Property, Plant, and Equipment. In April 2014, the FASB issued ASU 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which changes the criteria for determining which disposals can be presented as discontinued operations and modifies the related disclosure requirements. This guidance should be applied prospectively to new disposals and new classifications of disposal groups as held for sale after the effective date which is fiscal years beginning on or after December 15, 2014, and interim periods within those annual periods. The adoption of this amendment in the first quarter of 2015, did not have a material impact on the presentation of our condensed consolidated financial statements.

	ASC Topic 605, Revenue Recognition. In May 2014, the FASB issued ASU 2014-09, Revenue From Contracts With Customers. This ASU will replace all current GAAP guidance on this topic and eliminate all industry-specific guidance. The new revenue recognition standard provides a unified model to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. This guidance will be effective for periods beginning after December 15, 2016 and can be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. We are evaluating the impact of adopting this new accounting standard on our condensed consolidated financial statements.

	*ASC Topic 205, Presentation of Financial Statements-Going Concern.* In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern. This ASU provides guidance on determining when and how to disclose going concern uncertainties in the financial statements. The ASU is effective for periods beginning after December 15, 2016. We are evaluating the impact of adopting this new accounting standard on our condensed consolidated financial statements.

	ASC Topic 835, Interest. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs. This ASU changes the presentation of debt issuance costs in financial statements. Under the ASU, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs is reported as interest expense. The ASU is effective for periods beginning after December 15, 2015. We are evaluating the impact of adopting this new accounting standard on our condensed consolidated financial statements.

	Other new accounting pronouncements issued but not effective until after March 31, 2015, are not expected to have a significant effect on our condensed consolidated financial statements.

SUPPLEMENTAL_FINANCIAL_STATEME

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION	SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION

	Earnings Per Share — Verso computes earnings per share by dividing net income or net loss attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing net income or net loss by the weighted average number of shares outstanding, after giving effect to potentially dilutive common share equivalents outstanding during the period. Potentially dilutive common share equivalents are not included in the computation of diluted earnings per share if they are anti-dilutive.

	The following table provides a reconciliation of Verso’s basic and diluted loss per common share:


		VERSO
			Three Months Ended
			March 31,
			2015			2014
	Net loss available to common shareholders (in millions)		$	(122	)	$	(91	)
	Weighted average common stock outstanding (in thousands)		79,279			52,677

	Weighted average restricted stock (in thousands)		391			511

	Weighted average common shares outstanding - basic		79,670			53,188

	Dilutive shares from stock options		—			—

	Weighted average common shares outstanding - diluted		79,670			53,188

	Basic loss per share		$	(1.53	)	$	(1.70	)
	Diluted loss per share		$	(1.53	)	$	(1.70	)

	In accordance with ASC Topic 260, Earnings Per Share, unvested restricted stock awards issued by Verso contain nonforfeitable rights to dividends and qualify as participating securities. No dividends have been declared or paid in 2015 or 2014.

	For the three-month period ended March 31, 2015, 6,619,261 weighted average potentially dilutive shares from stock options with weighted average exercise prices per share of $2.60 were excluded from the diluted earnings per share calculation due to the antidilutive effect such shares would have on net loss per common share.

	For the three-month period ended March 31, 2014, 4,411,341 weighted average potentially dilutive shares from stock options with weighted average exercise prices per share of $2.37 were excluded from the diluted earnings per share calculation due to the antidilutive effect such shares would have on net loss per common share.

	Inventories and Replacement Parts and Other Supplies — Inventory values include all costs directly associated with manufacturing products: materials, labor, and manufacturing overhead. These values are presented at the lower of cost or market. Costs of raw materials, woodyard logs, work-in-progress, and finished goods are determined using the first-in, first-out method.

	Replacement parts and other supplies are stated using the average cost method and are reflected in Inventories and Intangibles and other assets on the accompanying condensed consolidated balance sheets (see Note 5).

	The following table summarizes our inventories by major category:


		March 31,			December 31,
	(Dollars in millions)	2015			2014
	Raw materials	$	110		$	13

	Woodyard logs	11			6

	Work-in-process	66			9

	Finished goods	271			62

	Replacement parts and other supplies	78			20

	Inventories	$	536		$	110


	Asset Retirement Obligations — In accordance with ASC Topic 410, Asset Retirement and Environmental Obligations, a liability and an asset are recorded equal to the present value of the estimated costs associated with the retirement of long-lived assets where a legal or contractual obligation exists. The liability is accreted over time, and the asset is depreciated over its useful life. Our asset retirement obligations under this standard relate primarily to closure and post-closure costs for landfills. Revisions to the liability could occur due to changes in the estimated costs or timing of closure or possible new federal or state regulations affecting the closure. The increase in the liability for the three months ended March 31, 2015, was primarily attributable to the assumption of the asset retirement obligation liabilities associated with landfills acquired in connection with the NewPage acquisition.

	On March 31, 2015, and December 31, 2014, we had $1 million of restricted cash included in Intangibles and other assets in the accompanying condensed consolidated balance sheet related to an asset retirement obligations in the state of Michigan. These cash deposits are required by the state and may only be used for the future closure of a landfill.

	The following table presents an analysis related to our asset retirement obligations which are included in Other liabilities in the accompanying condensed consolidated balance sheets:


		Three Months Ended
		March 31,
	(Dollars in millions)	2015			2014
	Asset retirement obligations, January 1	$	8		$	13

Liabilities assumed	9			—

Adjustment to existing liabilities	—			(3		)

Asset retirement obligations	17			10

Less: Current portion	(2		)	(1		)
Non-current portion of asset retirement obligations, March 31	$	15		$	9


In addition to the above obligations, we may be required to remove certain materials from our facilities or to remediate them in accordance with current regulations that govern the handling of certain hazardous or potentially hazardous materials. At this time, any such obligations have an indeterminate settlement date, and we believe that adequate information does not exist to reasonably estimate any such potential obligations. Accordingly, we will record a liability for such remediation when sufficient information becomes available to estimate the obligation.

Property, Plant, and Equipment — Property, plant, and equipment is stated at cost, net of accumulated depreciation. Interest is capitalized on projects meeting certain criteria and is included in the cost of the assets. The capitalized interest is depreciated over the same useful lives as the related assets. Expenditures for major repairs and improvements are capitalized, whereas normal repairs and maintenance are expensed as incurred.

Interest costs capitalized for the three months ended March 31, 2015 were not material. $1 million of interest costs were capitalized for the three months ended March 31, 2014.

Depreciation is computed using the straight-line method over the assets’ estimated useful lives. Depreciation expense was $55 million and $26 million for the three-month periods ended March 31, 2015 and 2014, respectively.

ACQUISITIONS_AND_DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS	3 Months Ended
	Mar. 31, 2015
Acquisitions and Dispositions [Abstract]
ACQUISITIONS AND DISPOSITIONS	ACQUISITIONS AND DISPOSITIONS

	NewPage Acquisition - On January 3, 2014, Verso, Merger Sub, and NewPage entered into a Merger Agreement pursuant to which the parties agreed to merge Merger Sub with and into NewPage on the terms and subject to the conditions set forth in the Merger Agreement, with NewPage surviving the merger as an indirect, wholly owned subsidiary of Verso. Verso has incurred transaction and integration costs during the three months ended March 31, 2015 of $10 million related to the NewPage acquisition which are included in selling, general and administrative expenses in the accompanying condensed consolidated statements of operations. For the three months ended March 31, 2014, Verso incurred transaction costs of $10 million related to the NewPage acquisition which were included in Other loss, net in the accompanying condensed consolidated statements of operations for the three months ended March 31, 2014.

	On January 7, 2015, Verso consummated the NewPage acquisition pursuant to the Merger Agreement. As a result of the merger, NewPage became a direct, wholly owned subsidiary of Verso Holdings. The NewPage acquisition provides Verso with assets in a complementary geographic area, a broader portfolio of products, and strategic flexibility to reduce operating costs and enhance our financial condition.

	As consideration for the NewPage acquisition, Verso issued (a) $650 million aggregate principal amount of New First Lien Notes and (b) 13,607,693 shares of Verso common stock in exchange for all the outstanding shares of common stock of NewPage. Also as of the date that NewPage became an indirect wholly owned subsidiary of Verso, NewPage had an existing $750 million Term Loan Facility and $350 million ABL Facility of which $734 million and $100 million, respectively were outstanding. As a condition of allowing the acquisition to proceed, the Antitrust Division of the U.S. Department of Justice entered into a settlement with Verso and NewPage that required NewPage to divest its paper mills in Biron, Wisconsin, and Rumford, Maine, which occurred prior to the acquisition of NewPage.

	Accounting consideration for the NewPage acquisition is as follows:


	(Dollars in millions)
	13,607,693 shares Verso common stock valued at January 7, 2015 closing price	$	46

	$650 million face value New First Lien Notes valued at January 7, 2015 closing price	663

	Accounting Consideration	$	709


	The preliminary allocation of the purchase price to the fair values of assets acquired and liabilities assumed in the NewPage acquisition includes necessary adjustments to reflect the estimated fair values of NewPage’s assets and liabilities at the completion of the NewPage acquisition. The preliminary allocation of the purchase price is as follows:


	(Dollars in millions)
	Cash	$	128

	Current assets, excluding cash	581

	Property, plant, and equipment	1,570

	Other long-term assets	47

	Current liabilities	(277		)
	Current portion of long-term debt	(3		)
	Noncurrent pension and other post-retirement benefit obligations	(479		)
	Other long-term liabilities	(58		)
	Long-term debt	(800		)
	Net assets acquired	$	709

	The allocation of the purchase price above is considered preliminary and is based on valuation information, estimates and assumptions available on March 31, 2015. Verso is still in the process of verifying data and finalizing information related to the valuation and expects to finalize these matters within the second half of 2015 as final asset and liability valuations are completed. The preliminary valuations of the acquired assets and assumed liabilities include, but are not limited to, fixed assets, goodwill, other potential intangible assets, debt, and pension obligations. The valuations reflected herein consist of physical appraisals, discounted cash flow analyses, or other appropriate valuation techniques to determine the fair value of the assets acquired and liabilities assumed. We did not identify a material amount of goodwill as a result of the preliminary purchase price allocation. Although management believes that the preliminary purchase price allocation herein is reasonable, there can be no assurance that finalization of such purchase price allocation will not result in material changes from the preliminary purchase price allocation included herein.
	The operating results of NewPage are included in Verso’s financial statements from January 7, 2015 through March 31, 2015. The determination of net sales and net loss attributable to the acquired operations during this period and included in Verso’s condensed consolidated statements of operations was not practicable as the operations are integrated with the consolidated operations.
	The following unaudited pro forma financial information presents results as if the NewPage acquisition and the related financing, further described in Note 6, occurred on January 1, 2014. The historical consolidated financial information of Verso and NewPage has been adjusted in the pro forma information to give effect to pro forma events that are directly attributable to the transactions and factually supportable. The unaudited pro forma results do not reflect events that have occurred or may occur after the transactions, including the costs of any integration activities or benefits that may result from realization of future cost savings from operating efficiencies, or any revenue, tax, or other synergies expected to result from the NewPage acquisition. Accordingly, the unaudited pro forma financial information is not necessarily indicative of the results of operations as they would have been had the transactions been effected on the assumed date, nor is it necessarily an indication of future operating results.
	In addition, the NewPage acquisition did not result in a taxable transaction and Verso has net operating loss carryforwards and a related full valuation allowance that are expected to offset any deferred tax impact of the NewPage acquisition. Further, as the sale of the Bucksport mill was not directly attributable to the NewPage acquisition, no pro forma adjustment for the Bucksport sale has been made.


			Pro Forma
			Three Months Ended
	(Unaudited)		March 31,
	(Dollars in millions, except per share data)		2015			2014
	Revenues		$	838		$	882

	Net loss		(100		)	(167		)
	Earnings per share - basic and diluted		$	(1.23	)	$	(2.05	)
	Weighted-average shares outstanding - basic and diluted		81,551,070			81,403,403


	Sale of Bucksport Mill - On December 5, 2014, two Verso subsidiaries entered into an agreement to sell their equity interests in two other Verso subsidiaries that owned the Bucksport mill to AIM Development (USA) LLC, an indirect, wholly owned subsidiary of American Iron & Metal Company Inc., or “AIM.” On January 29, 2015, the Verso parties and AIM consummated the sale of the Bucksport mill and related assets (see Note 11).

INTANGIBLES_AND_OTHER_ASSETS

INTANGIBLES AND OTHER ASSETS	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLES AND OTHER ASSETS	INTANGIBLES AND OTHER ASSETS

	The following table summarizes intangibles and other assets:



		VERSO				VERSO HOLDINGS
		March 31,		December 31,		March 31,		December 31,
	(Dollars in millions)	2015		2014		2015		2014
	Amortizable intangible assets:
	Customer relationships, net of accumulated amortization of $9 million on March 31, 2015, and on December 31, 2014	$	34	$	4	$	34	$	4

	Unamortizable intangible assets:

	Trademarks	10		10		10		10

	Other assets:

	Financing costs, net of accumulated amortization of $20 million on March 31, 2015, and $19 million on December 31, 2014	22		23		22		23

	Deferred major repair	17		21		17		21

	Replacement parts, net	6		3		6		3

	Loan to affiliate	—		—		23		23

	Restricted cash	3		3		3		3

	Other	22		7		23		7

	Total other assets	70		57		94		80

	Intangibles and other assets	$	114	$	71	$	138	$	94


	Amortization expense of intangibles was not material for each of the three-month periods ended March 31, 2015, and 2014, respectively.

	The estimated future amortization expense for intangible assets over the next five years is as follows:


	(Dollars in millions)
	2015	$	2

	2016	2

	2017	2

	2018	2

	2019	2

DEBT

DEBT	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
DEBT	DEBT

	A summary of debt is as follows:



			March 31, 2015								December 31, 2014
		Original	Interest					Par						Par
	(Dollars in millions)	Maturity	Rate		Balance			Value			Balance			Value
	Verso Holdings
	Verso Androscoggin Power LLC Revolving	2/6/15	—	%	$	—		$	—		$	30		$	30
	Credit Facility
	Revolving Credit Facilities	5/4/17	4	%	94			94			63			63

	11.75% Senior Secured Notes - 2012	1/15/19	11.75	%	424			418			424			418

	11.75% Senior Secured Notes - 2015	1/15/19	11.75	%	658			645			—			—

	11.75% Secured Notes	1/15/19	11.75	%	272			272			272			272

	13% Second Priority Senior Secured Notes	8/1/20	13	%	277			178			299			299

	16% Senior Subordinated Notes	8/1/20	16	%	89			63			102			102

	8.75% Second Priority Senior Secured Notes	2/1/19	8.75	%	96			97			96			97

	11.38% Senior Subordinated Notes	8/1/16	11.38	%	41			41			41			41

	Chase NMTC Verso Investment Fund LLC

	Loan from Verso Finance	12/29/40	6.5	%	23			23			23			23

	NewPage Corp
	Revolving Credit Facility	2/11/19	2.82	%	145			145			—			—

	Floating Rate Senior Secured Term Loan	2/11/21	9.5	%	704			734			—			—

	Total debt for Verso Holdings				$	2,823		$	2,710		$	1,350		$	1,345

	Verso Finance

	Loan from Verso Holdings	12/29/40	6.5	%	23			23			23			23

	Less current maturities of long-term debt				(13		)	(13		)	(30		)	(30		)
	Less loans from affiliates				(46		)	(46		)	(46		)	(46		)
	Total long-term debt for Verso				$	2,787		$	2,674		$	1,297		$	1,292


	We determine the fair value of our long-term debt based on market information and a review of prices and terms available for similar obligations. Our debt is classified as Level 2 within the fair value hierarchy (see Note 9). As of March 31, 2015, the fair value of Verso’s total debt was $2,397 million, and the fair value of Verso Holdings’ total debt was $2,421 million. As of December 31, 2014, the fair value of Verso’s total debt was $1,059 million, and the fair value of Verso Holdings’ total debt was $1,082 million.

	Amounts included in interest expense related to long-term debt and amounts of cash interest payments on long-term debt are as follows:


		VERSO							VERSO HOLDINGS
		Three Months Ended							Three Months Ended
		March 31,							March 31,
	(Dollars in millions)	2015			2014				2015		2014
	Interest expense	$	65		$	34			$	65	$	34

	Cash interest paid	85			66				85		66

	Debt issuance cost amortization(1)	1			1				1		1

	(1) Amortization of debt issuance cost is included in interest expense.

Verso Holdings

Revolving Credit Facilities. Verso Holdings’ $150 million asset-based loan facility, or “ABL Facility,” had $47 million outstanding, $39 million in letters of credit issued, and $32 million available for future borrowing as of March 31, 2015. Verso Holdings’ $50 million cash-flow facility, or “Cash Flow Facility,” had $47 million outstanding balance, no letters of credit issued, and $3 million available for future borrowing as of March 31, 2015. The indebtedness under the revolving credit facilities bears interest at a floating rate based on a margin over a base rate or eurocurrency rate. As of March 31, 2015, the weighted-average interest rate on outstanding advances was 4.00%. Verso Holdings is required to pay a commitment fee to the lenders in respect of the unutilized commitments under the revolving credit facilities and other customary fees. The indebtedness under the ABL Facility and related guarantees are secured by first-priority security interests, subject to permitted liens, in substantially all of Verso Holdings’, Verso Finance’s, and the subsidiary guarantors’ (excluding, among other subsidiaries, NewPage Investment Company and its subsidiaries) inventory and accounts receivable, or “Verso ABL Priority Collateral,” and second-priority security interests, subject to permitted liens, in substantially all of their other assets, or “Notes Priority Collateral.” The indebtedness under the Cash Flow Facility and related guarantees are secured, pari passu with the 11.75% Senior Secured Notes due 2019 and related guarantees, by first-priority security interests in the Notes Priority Collateral and second-priority security interests in the Verso ABL Priority Collateral. The revolving credit facilities will mature on May 4, 2017. On January 3, 2014, Verso Holdings entered into certain amendments to the revolving credit facilities in connection with the NewPage acquisition, in which (a) the lenders under each of our revolving credit facilities consented to the NewPage acquisition and the other transactions contemplated by the Merger Agreement, including the incurrence of certain additional indebtedness, (b) the lenders consented to amendments to allow the sale and/or financing of certain non-core assets and (c) the parties agreed to amend our revolving credit facilities to allow for certain other transactions upon the consummation of the NewPage acquisition and the other transactions contemplated by the Merger Agreement.

11.75% Senior Secured Notes due 2019. In 2012, Verso Holdings issued $345 million aggregate principal amount of 11.75% Senior Secured Notes due 2019, or the “2012 First Lien Notes.” The notes bear interest, payable semi-annually, at the rate of 11.75% per year. The notes are guaranteed jointly and severally on a senior secured basis, by each of Verso Holdings’ existing domestic subsidiaries that guarantee its senior secured credit facility and by each of its future domestic subsidiaries that guarantees certain of its debt or issues disqualified stock. The indebtedness under the notes and related guarantees are secured, pari passu with the Cash Flow Facility and related guarantees, by first-priority security interests in the Notes Priority Collateral and second-priority security interests in the Verso ABL Priority Collateral. The notes will mature on January 15, 2019.

On January 7, 2015, in connection with the consummation of the NewPage acquisition, Verso Holdings issued $650 million aggregate principal amount of 11.75% Senior Secured Notes due 2019, or the “2015 First Lien Notes,” to the stockholders of NewPage as partial consideration in the NewPage acquisition. The 2015 First Lien Notes were issued pursuant to an indenture, or the “2015 First Lien Notes Indenture,” among Verso Holdings, certain subsidiaries of Verso Holdings, as guarantors, and Wilmington Trust, National Association, as trustee. The 2015 First Lien Notes bear interest, payable semi-annually, at the rate of 11.75% per year. The 2015 First Lien Notes are guaranteed, jointly and severally, on a senior secured basis, by each of Verso Holdings’ existing domestic subsidiaries that guarantees its senior secured credit facility and by each of its future domestic subsidiaries that guarantees certain of its debt or issues disqualified stock (including NewPage Holdings Inc., but not guaranteed by any of its subsidiaries). The 2015 First Lien Notes and the related guarantees are secured by first-priority liens in the collateral owned by Verso Holdings and the guarantor, subject to certain permitted liens and exceptions as further described in the 2015 First Lien Notes Indenture and the related security documents. The collateral consists of substantially all of Verso Holdings’ and the guarantors’ tangible and intangible assets securing Verso Holdings’ existing senior secured credit facility, which exclude certain capital stock and other securities of its affiliates and other property. The 2015 First Lien Notes will mature on January 15, 2019.

13% Second Priority Senior Secured Notes due 2020. On July 2, 2014, the Issuers commenced an offer to exchange any and all of the Issuers’ outstanding 8.75% Second Priority Senior Secured Notes due 2019, or “Old Second Lien Notes,” for their Second Priority Adjustable Senior Secured Notes, or “Adjustable Second Lien Notes,” and warrants issued by Verso that were mandatorily convertible on a one-for-one basis into shares of Verso’s common stock immediately prior to the NewPage acquisition, or “Warrants” (we refer to this exchange offer as the “Second Lien Notes Exchange Offer”). On August 1, 2014, approximately $299 million aggregate principal amount of Old Second Lien Notes were tendered and accepted in exchange for a like amount of Adjustable Second Lien Notes and approximately 9.3 million Warrants in the Second Lien Notes Exchange Offer. The Warrants had no fair value at the date of the closing of the Second Lien Notes Exchange Offer.
On January 7, 2015, in connection with the consummation of the NewPage acquisition, the provisions of the Adjustable Second Lien Notes were adjusted as follows: (a) the principal amount of the notes have been adjusted such that a holder of $1,000 principal amount of notes immediately prior to the NewPage acquisition now holds $593.75 principal amount of notes (any adjusted notes that do not bear an authorized denomination have been rounded down); (b) the maturity date of the notes has been extended from February 1, 2019, to August 1, 2020; (c) the interest rate has been adjusted such that the notes bear interest from and after January 7, 2015 at a rate of 10% per annum payable entirely in cash plus 3% per annum payable entirely by increasing the principal amount of the outstanding notes or by issuing additional notes; (d) the optional redemption provisions have been adjusted as provided in the indenture governing the notes; and (e) certain other terms and conditions of the notes have been modified as set forth in the Adjustable Second Lien Notes Indenture. As a result of the principal adjustment, the outstanding principal amount of the Adjustable Second Lien Notes was reduced by approximately $121 million from approximately $299 million before January 7, 2015, to approximately $178 million afterwards.
16% Senior Subordinated Notes due 2020. On July 2, 2014, the Issuers also commenced an offer to exchange any and all of the Issuers’ outstanding 11.38% Senior Subordinated Notes due 2016, or “Old Subordinated Notes” for their new Adjustable Senior Subordinated Notes, or “Adjustable Subordinated Notes,” and Warrants (we refer to this exchange offer as the “Subordinated Notes Exchange Offer”). On August 1, 2014, approximately $102 million aggregate principal amount of Old Subordinated Notes were tendered and accepted in exchange for a like amount of Adjustable Subordinated Notes and approximately 5.4 million Warrants in the Subordinated Notes Exchange Offer. The Warrants had no fair value at the date of the closing of the Subordinated Notes Exchange Offer.

On January 7, 2015, in connection with the consummation of the NewPage acquisition, the provisions of the Adjustable Subordinated Notes were adjusted as follows: (a) the principal amount of the notes has been adjusted such that a holder of $1,000 principal amount of notes immediately prior to the NewPage acquisition now holds $620 principal amount of notes (any adjusted notes that do not bear an authorized denomination have been rounded down); (b) the maturity date of the notes has been extended from August 1, 2016, to August 1, 2020; (c) the interest rate has been adjusted such that the notes bear interest from and after the January 7, 2015 at a rate of 11% per annum payable entirely in cash plus 5% per annum payable entirely by increasing the principal amount of the outstanding notes or by issuing additional notes; (d) the optional redemption provisions have been adjusted as provided in the Adjustable Subordinated Notes Indenture; and (e) certain other terms and conditions of the notes have been modified as set forth in the Adjustable Subordinated Notes Indenture. As a result of the principal adjustment, the outstanding principal amount of the Adjustable Subordinated Notes was reduced by approximately $39 million from approximately $102 million before January 7, 2015, to approximately $63 million afterwards.

In connection with the Second Lien Notes Exchange Offer and the Subordinated Notes Exchange Offer, the Issuers solicited and received consents to amend the Old Second Lien Notes, the Old Subordinated Notes, and the indentures governing such notes in order to (a) eliminate or waive substantially all of the restrictive covenants contained in the indentures governing such notes, (b) eliminate certain events of default, (c) modify covenants regarding mergers and consolidations, and (d) modify or eliminate certain other provisions, including, in some cases, certain provisions relating to defeasance, contained in such indentures and such notes. In addition, the Issuers solicited and received consents to release the liens and security interests in the collateral securing the Old Second Lien Notes.
Verso Androscoggin Power LLC Revolving Credit Facility. On May 5, 2014, acting through a wholly owned subsidiary, Verso Androscoggin Power LLC, or “VAP,” Verso Holdings entered into a credit agreement providing for a revolving credit facility with Barclays Bank PLC and Credit Suisse AG, Cayman Islands Branch. On January 7, 2015, Verso consummated the NewPage acquisition, and as a result, the credit facility was terminated on February 4, 2015.

NewPage Corp
Revolving Credit Facility. On February 11, 2014, NewPage Corp entered into a $350 million senior secured asset-backed revolving credit facility, or the “NewPage ABL Facility.” The NewPage ABL Facility is with certain lenders and Barclays Bank PLC, as administrative agent and collateral agent; BMO Harris Bank N.A., as co-collateral agent; Barclays Bank PLC, Credit Suisse Securities (USA) LLC, UBS Securities LLC, BMO Capital Markets Corp. and Wells Fargo Bank, National Association, as joint lead arrangers and joint book runners; and Credit Suisse AG, UBS Securities LLC, BMO Harris Bank N.A. and Wells Fargo Bank and National Association, as co-syndication agents. As of March 31, 2015, the NewPage ABL Facility had $145 million outstanding balance, $38 million letters of credit issued, and $155 million available for future borrowing. Amounts drawn under the NewPage ABL Facility bear annual interest at either the LIBOR rate plus a margin of 1.75% to 2.25% or at a base rate plus a margin of 0.75% to 1.25%. The interest rate margins on the NewPage ABL Facility are subject to adjustments based on the average availability of the NewPage ABL Facility. As of March 31, 2015, the weighted-average interest rate on outstanding advances was 2.82%. NewPage Corp is also required to pay a commitment fee to the lenders in respect of the unutilized commitments under the revolving credit facilities and other customary fees. The security interest with respect to the NewPage ABL Facility consists of a first-priority lien with respect to most inventory, accounts receivable, bank accounts, and certain other assets of NewPage Corp, or “NewPage ABL Priority Collateral,” and a second-priority lien with respect to all other NewPage Corp assets, or “Term Loan Priority Collateral.” The NewPage ABL Facility will mature on February 11, 2019. The issuers and guarantors of Verso’s debt securities and the borrower and guarantors of Verso’s credit facilities do not guarantee the obligations under the NewPage ABL Facility, and the borrower and the guarantors under the NewPage ABL Facility do not guarantee the obligations under Verso’s debt securities and credit facilities.

Floating Rate Senior Secured Term Loan. On February 11, 2014, NewPage Corp entered into a $750 million term loan facility, or “Term Loan Facility.” The Term Loan Facility is with Credit Suisse AG, Cayman Islands Branch, as administrative agent and collateral agent, Credit Suisse Securities (USA) LLC, Barclays Bank PLC, UBS Securities LLC and BMO Capital Markets Corp., as joint lead arrangers and joint book runners and Wells Fargo Bank, National Association, as documentation agent. Amounts drawn under the Term Loan Facility bear annual interest at either the LIBOR rate plus a margin of 8.25%or at a base rate plus a margin of 7.25%. The interest in effect for the Term Loan Facility at March 31, 2015 was 9.50%. The security interest with respect to the Term Loan Facility consists of a first-priority lien with respect to the Term Loan Priority Collateral and a second-priority lien with respect to the NewPage ABL Priority Collateral. The Term Loan Facility has scheduled principal payments due quarterly that begin on September 30, 2015. However, NewPage Corporation has the right to prepay loans under the Term Loan Facility at any time without premium or penalty, other than customary “breakage” costs with respect to LIBOR rate loans, subject, however, to a prepayment premium for optional prepayments of the Term Loan Facility with a new or replacement term loan facility with an “effective” interest rate less than that applicable to the Term Loan Facility equal to (1) 3.00% if prepaid prior to the first anniversary of the closing date, (2) 2.00% if prepaid on or after the first anniversary of the closing date and prior to the second anniversary of the closing date and (3) 1.00% if prepaid on or after the second anniversary of the closing date and prior to the third anniversary of the closing date. The Term Loan Facility is subject to mandatory prepayments in amounts equal to (1) 100% of the net cash proceeds of indebtedness by NewPage Corp or any of its subsidiary guarantors other than indebtedness permitted under the Term Loan Facility, (2) 100% of the net cash proceeds of any non-ordinary course sale or other disposition of assets by NewPage Corp or any of its subsidiary guarantors (including as a result of casualty or condemnation) (with customary exceptions, thresholds, and reinvestment rights of up to 12 months or 18 months if contractually committed to within 12 months), and (3) 75% of “excess cash flow” for each fiscal year beginning with the fiscal year ending December 31, 2015, subject to possible step-downs based on total net first lien leverage ratio thresholds. As such, immediately prior to the NewPage acquisition on January 7, 2015, $16 million in proceeds from the sale of Biron and Rumford mills were used to pay the September 2015 scheduled principal payment and a portion of the December 2015 scheduled principal payment on the Term Loan Facility, leaving $3 million due in December 2015. Quarterly installments due are $9 million for each quarter ending in 2016, $14 million for each quarter ending in 2017 and $19 million for each quarter ending in 2018 through 2020 with the remaining balance due on February 11, 2021. The issuers and guarantors of Verso’s debt securities and the borrower and guarantors of Verso’s credit facilities do not guarantee the obligations under the NewPage Term Loan Facility, and the borrower and the guarantors under the NewPage Term Loan Facility do not guarantee the obligations under Verso’s debt securities and credit facilities.

As of March 31, 2015, both Verso Holdings and NewPage were in compliance with the covenants in our respective debt agreements.

RETIREMENT_AND_OTHER_POSTRETIR

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS PLANS	3 Months Ended
	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
RETIREMENT AND OTHER POSTRETIREMENT BENEFITS PLANS	RETIREMENT AND OTHER POSTRETIREMENT BENEFITS PLANS

	We maintain various defined benefit pension and other postretirement benefit plans that provide retirement benefits for certain current and former hourly employees. The pension plans provide defined benefits based on years of credited service times a specified flat dollar benefit rate. Since the completion of the NewPage acquisition, we have maintained a cash balance defined benefit pension plan for salaried employees, a defined benefit pension plan for hourly employees, and certain Postretirement Benefits Other than Pensions Plan, or “OPEB.”

	The following table summarizes the components of net periodic benefit cost of our pension plans for the three-month periods ended March 31, 2015 and 2014:



		Three Months Ended
		March 31,
	(Dollars in millions)	2015			2014
	Service cost	$	3		$	2

	Interest cost	16			1

	Expected return on plan assets	(20		)	(1		)
	Net periodic benefit cost	$	(1	)	$	2


	The estimated net actuarial loss and prior service cost that are amortized from Accumulated other comprehensive loss and into net periodic pension cost are classified into Cost of products sold on our accompanying condensed consolidated statement of operations.

	We make contributions that are sufficient to fully fund our actuarially determined costs, generally equal to the minimum amounts required by the Employee Retirement Income Security Act, or “ERISA.” We made contributions to the pension plans of approximately $7 million for the three-month period ended March 31, 2015. We expect to make cash contributions of approximately $23 million to the pension plans in the remainder of 2015. We made no contributions to the pension plans for the three-month period ended March 31, 2014.

	The OPEB obligations of NewPage Corp provide other retirement and post-employment benefits for certain employees, which may include healthcare benefits for certain retirees prior to their reaching age 65, healthcare benefits for certain retirees on and after their reaching age 65, long-term disability benefits, continued group life insurance and extended health and dental benefits. These benefits are provided through various employer- and/or employee-funded postretirement benefit plans. We generally fund the employer portion of these other postretirement benefits on a pay-as-you-go basis. The service and interest related to these obligations were not material from acquisition date to March 31, 2015.

DERIVATIVE_INSTRUMENTS_AND_HED

DERIVATIVE INSTRUMENTS AND HEDGES	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGES	DERIVATIVE INSTRUMENTS AND HEDGES

	In the normal course of business, we utilize derivative contracts as part of our risk management strategy to manage our exposure to market fluctuations in energy prices. These instruments are subject to credit and market risks in excess of the amount recorded on the balance sheet in accordance with GAAP. Controls and monitoring procedures for these instruments have been established and are routinely reevaluated. Credit risk represents the potential loss that may occur because a party to a transaction fails to perform according to the terms of the contract. The measure of credit exposure is the replacement cost of contracts with a positive fair value. We manage credit risk by entering into financial instrument transactions only through approved counterparties. Market risk represents the potential loss due to the decrease in the value of a financial instrument caused primarily by changes in commodity prices. We manage market risk by establishing and monitoring limits on the types and degree of risk that may be undertaken.

	Derivative instruments are recorded on the balance sheet as other assets or other liabilities measured at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Where available, fair value is based on observable market prices or parameters or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models may be applied.

	We enter into fixed-price energy swaps as hedges designed to mitigate the risk of changes in commodity and delivery prices for forecasted future purchase commitments. These fixed-price swaps involve the exchange of net cash settlements, based on changes in the price of the underlying commodity index compared to the fixed price offering, at specified intervals without the exchange of any underlying principal. All gains and losses from changes in the fair value of our derivative contracts are recognized immediately in Cost of products sold.

	The following table presents information about the volume and fair value amounts of our derivative instruments:


		March 31, 2015					December 31, 2014
				Fair Value				Fair Value
	(Dollars in millions)	MMBTUs		Assets/(Liabilities)			MMBTUs	Assets/(Liabilities)
	Derivative contracts not currently designated as hedging instruments:
	Fixed price energy swaps:

	Notional amount	4,710,000					1,876,475

	Accrued liabilities			(4	)			(6	)

	Other liabilities			(1	)			—


	The following table presents information about the effect of our derivative instruments on the condensed consolidated statements of operations:


		Gain (Loss) Recognized
		on Derivatives
		Three Months Ended March 31,
	(Dollars in millions)	2015			2014
	Derivative contracts not currently designated as hedging instruments:

	Fixed price energy swaps	$	(2	)	$	13

	Gain (loss) recognized on derivatives is included in Cost of products sold.

FAIR_VALUE_OF_FINANCIAL_INSTRU

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS

	We use fair value measurements for the initial recording of certain assets and liabilities, periodic remeasurement of certain assets and liabilities, and disclosures. Fair value is generally defined as the exit price at which an asset or liability could be exchanged in a current transaction between willing, unrelated parties, other than in a forced or liquidation sale.

	The fair value framework requires the categorization of assets and liabilities into three levels based upon the assumptions used to value the assets or liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows:



		▪ Level 1:	Unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date.
		▪ Level 2:	Observable inputs other than those included in Level 1. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets.
		▪ Level 3:	Unobservable inputs reflecting management’s own assumption about the inputs used in pricing the asset or liability at the measurement date.

	The following table summarizes the balances of assets and liabilities measured at fair value on a recurring basis:


	(Dollars in millions)	Total		Level 1		Level 2		Level 3
	March 31, 2015
	Assets:
	Investments related to deferred compensation plans	$	4	$	4	$	—	$	—

	Liabilities:

	Commodity swaps	$	5	$	—	$	5	$	—

	December 31, 2014

	Assets:

	Investments related to deferred compensation plans	$	4	$	4	$	—	$	—

	Liabilities:

	Commodity swaps	$	6	$	—	$	6	$	—

	Fair values are based on observable market data.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
RELATED PARTY TRANSACTIONS	Mar. 31, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS

	Management Agreement — In connection with the acquisition of our business from International Paper Company on August 1, 2006, we entered into a management agreement with certain affiliates of Apollo Global Management, LLC, or “Apollo,” our majority owner, relating to the provision of certain financial and strategic advisory services and consulting services, which will expire on August 1, 2018. Under the management agreement, at any time prior to the expiration of the agreement, Apollo has the right to act, in return for additional fees to be mutually agreed by the parties to the management agreement, as our financial advisor or investment banker for any merger, acquisition, disposition, financing or the like if we decide to engage someone to fill such role. In the event that we are not able to come to an agreement with Apollo in connection with such role, at the closing of any merger, acquisition, disposition or financing or any similar transaction, we have agreed to pay Apollo a fee equal to 1% of the aggregate enterprise value (including the aggregate value of equity securities, warrants, rights and options acquired or retained; indebtedness acquired, assumed or refinanced; and any other consideration or compensation paid in connection with such transaction). We agreed to indemnify Apollo and its affiliates and their directors, officers and representatives for losses relating to the services contemplated by the management agreement and the engagement of affiliates of Apollo pursuant to, and the performance by them of the services contemplated by, the management agreement. We made no payments to Apollo related to the management agreement in the three-month periods ended March 31, 2015 and 2014, respectively.

	Verso Quinnesec Renewable Energy Project — On December 29, 2010, Verso Quinnesec REP LLC, an indirect, wholly owned subsidiary of Verso Holdings, entered into a financing transaction with Chase NMTC Verso Investment Fund, LLC, or the “Investment Fund,” a consolidated variable interest entity (see Note 12). Under this arrangement, Verso Holdings loaned $23 million to Verso Finance at an interest rate of 6.5% per year and with a maturity of December 29, 2040, and Verso Finance, in turn, loaned the funds on similar terms to the Investment Fund. The Investment Fund then contributed the loan proceeds to certain community development entities, which, in turn, loaned the funds on similar terms to Verso Quinnesec REP LLC as partial financing for the renewable energy project at our mill in Quinnesec, Michigan. As of both March 31, 2015, and December 31, 2014, Verso Holdings had a $23 million long-term receivable due from Verso Finance, representing these funds and immaterial accrued interest receivable, while the Investment Fund had an outstanding loan of $23 million due to Verso Finance and immaterial accrued interest payable. In addition, for both the three-month periods ended March 31, 2015 and 2014, Verso Holdings recognized immaterial interest income from Verso Finance and the Investment Fund recognized immaterial interest expense to Verso Finance.

RESTRUCTURING_CHARGES

RESTRUCTURING CHARGES	3 Months Ended
	Mar. 31, 2015
Restructuring and Related Activities [Abstract]
RESTRUCTURING CHARGES	RESTRUCTURING CHARGES
	Bucksport Mill Closure - On October 1, 2014, Verso announced plans to close our paper mill in Bucksport, Maine, and we ceased paper manufacturing operations in December 2014. The mill closure reduced Verso’s coated groundwood paper production capacity by approximately 350,000 tons and its specialty paper production capacity by approximately 55,000 tons.
	The following table details the charges incurred related primarily to the Bucksport mill closure in 2014 and attributable to the paper segment as included in Restructuring charges on our accompanying condensed consolidated statements of operations:


		Three Months Ended
		March 31,
	(Dollars in millions)	2015			Cumulative
					Incurred
	Property and equipment	$	—		$	89

	Severance and benefit costs	—			27

	Write-off of spare parts and inventory	—			14

	Write-off of purchase obligations and commitments	6			8

	Other miscellaneous costs	3			6

	Total restructuring costs	$	9		$	144


	The following details the changes in our restructuring reserve liabilities related to the Bucksport shutdown during the three months ended March 31, 2015, which are included in Accrued liabilities on our condensed consolidated balance sheets:


		Three Months Ended
		March 31,
	(Dollars in millions)	2015
	Beginning balance of reserve	$	24

	Severance and benefit payments	(21		)
	Purchase obligations	6

	Payments on purchase obligations	(7		)
	Severance and benefit reserve adjustments	—

	Ending balance of reserve	$	2


	NewPage Acquisition Restructuring - As part of the NewPage acquisition, Verso is executing a restructuring of its operations to integrate the historical Verso and NewPage operations, generate cost savings and capture synergies across the combined company. During the three-month period ended March 31, 2015, we incurred restructuring charges related to severance and benefit costs associated with the restructuring of our operations of $13 million, of which $12 million was attributable to the paper segment.
	The following details the changes in our restructuring reserve liabilities related to the NewPage acquisition during the three months ended March 31, 2015, which are included in Accrued liabilities on our condensed consolidated balance sheets:


		Three Months Ended
		March 31,
	(Dollars in millions)	2015
	Beginning balance of reserve	$	—

	Severance and benefit costs	13

	Severance and benefit payments	(2		)
	Ending balance of reserve	$	11


	There were no restructuring costs incurred during the three months ended March 31, 2014.

NEW_MARKET_TAX_CREDIT_ENTITIES

NEW MARKET TAX CREDIT ENTITIES	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NEW MARKET TAX CREDIT ENTITIES	NEW MARKET TAX CREDIT ENTITIES

	In December 2010, we entered into a financing transaction with Chase Community Equity, LLC, or “Chase,” related to a $43 million renewable energy project at our mill in Quinnesec, Michigan, in which Chase made a capital contribution and Verso Finance made a loan to Chase NMTC Verso Investment Fund, LLC, or the “Investment Fund,” under a qualified New Markets Tax Credit, or “NMTC,” program, provided for in the Community Renewal Tax Relief Act of 2000. By virtue of its contribution, Chase is entitled to substantially all of the benefits derived from the NMTCs.

	This transaction also includes a put/call provision whereby we may be obligated or entitled to repurchase Chase’s interest. We believe that Chase will exercise the put option in December 2017 at the end of the recapture period. The value attributed to the put/call is de minimis. The NMTC is subject to 100% recapture for a period of 7 years as provided in the Internal Revenue Code. We are required to be in compliance with various regulations and contractual provisions that apply to the NMTC arrangement. Non-compliance with applicable requirements could result in projected tax benefits not being realized and, therefore, could require us to indemnify Chase for any loss or recapture of NMTCs related to the financing until such time as our obligation to deliver tax benefits is relieved. We do not anticipate any credit recaptures will be required in connection with this arrangement.

	We have determined that the Investment Fund is a variable interest entity, or “VIE,” of which we are the primary beneficiary, and have consolidated it in accordance with the accounting standard for consolidation. Chase’s contribution, net of syndication fees, is included in Other liabilities in the accompanying condensed consolidated balance sheets. Direct costs incurred in structuring the financing arrangement are deferred and will be recognized as expense over the term of the loans. Incremental costs to maintain the structure during the compliance period are recognized as incurred.

	The following table summarizes the impact of the VIE consolidated by Verso Holdings as of March 31, 2015, and December 31, 2014:


		VERSO				VERSO HOLDINGS
		March 31,		December 31,		March 31,		December 31,
	(Dollars in millions)	2015		2014		2015		2014
	Total assets	$	—	$	—	$	23	$	23

	Long-term debt	—		—		23		23

	Other non-current liabilities	8		8		8		8

	Total liabilities	$	8	$	8	$	31	$	31

	Amounts presented in the condensed consolidated balance sheets and the table above are adjusted for intercompany eliminations.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES

	Expera Specialty Solutions, LLC — We are a party to a long-term supply agreement with Expera Specialty Solutions, LLC, or “Expera,” for the manufacture of specialty paper products on paper machine no. 5 at our Androscoggin mill in Jay, Maine. The agreement, which expires on June 1, 2017, requires Expera to pay us a variable charge for the paper purchased and a fixed charge for the availability of the paper machine. We are responsible for the machine’s routine maintenance, and Expera is responsible for any capital expenditures specific to the machine. Expera has the right to terminate the agreement if certain events occur.

	General Litigation — We are involved from time to time in legal proceedings incidental to the conduct of our business. We do not believe that any liability that may result from these proceedings will have a material adverse effect on our financial statements.

INFORMATION_BY_INDUSTRY_SEGMEN

INFORMATION BY INDUSTRY SEGMENT	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
INFORMATION BY INDUSTRY SEGMENT	INFORMATION BY INDUSTRY SEGMENT

	In January 2015, as a result of the NewPage acquisition, Verso reorganized its reportable segments as a result of a change in the way the Chief Executive Officer, who serves as the Chief Operating Decision Maker, or “CODM,” manages and evaluates the business. Based on the information that the CODM utilizes to manage and evaluate the business, it was determined that the operating segments represent two segments, paper and pulp. Our paper segment now includes the historical coated and other segments. As a result of these changes in segment reporting, all historical segment information has been revised to conform to the new presentation, with no resulting impact on the condensed consolidating results of operations.
	Our paper products are used primarily in media and marketing applications, including catalogs, magazines, and commercial printing applications such as high-end advertising brochures, annual reports, and direct-mail advertising. Our market kraft pulp is used to manufacture printing, writing, and specialty paper grades and tissue products. Our assets are utilized across segments in our integrated mill system and are not identified by segment or reviewed by management on a segment basis. We operate primarily in one geographic segment, North America.


	The following table summarizes the industry segment data for the three-month periods ended March 31, 2015 and 2014:


		Three Months Ended
		March 31,
	(Dollars in millions)	2015			2014
	Net sales
	Paper	$	748		$	263

	Pulp	63			36

	Intercompany Eliminations	(5		)	—

	Total	$	806		$	299

	Operating loss
	Paper	$	(44	)	$	(51	)
	Pulp	(12		)	4

	Total	$	(56	)	$	(47	)
	Depreciation, amortization, and depletion
	Paper	$	51		$	21

	Pulp	6			5

	Total	$	57		$	26

	Capital expenditures
	Paper	$	7		$	13

	Pulp	2			3

	Total	$	9		$	16

	Certain amounts in the prior year presentation have been reclassified to conform to the current year presentation.

CONDENSED_CONSOLIDATING_FINANC

CONDENSED CONSOLIDATING FINANCIAL INFORMATION	3 Months Ended
	Mar. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
CONDENSED CONSOLIDATING FINANCIAL INFORMATION	CONDENSED CONSOLIDATING FINANCIAL INFORMATION

	Presented below are Verso Holdings’ consolidating balance sheets, statements of operations and comprehensive income, and statements of cash flows, as required by Rule 3-10 of Regulation S-X of the Securities Exchange Act of 1934, as amended. The consolidating financial statements have been prepared from Verso Holdings’ financial information on the same basis of accounting as the condensed consolidated financial statements. Investments in our subsidiaries are accounted for under the equity method. Accordingly, the entries necessary to consolidate Verso Holdings’ subsidiaries that guaranteed the obligations under the debt securities described below are reflected in the Eliminations column.

	Verso Holdings, or the “Parent Issuer,” and its direct, 100% owned subsidiary, Verso Paper Inc., or the “Subsidiary Issuer,” are the issuers of the 11.75% Senior Secured Notes due 2019, the 11.75% Secured Notes due 2019, the 13% Second Priority Senior Secured Notes due 2020, the 16% Senior Subordinated Notes due 2020, the 8.75% Second Priority Senior Secured Notes due 2019, the 11.38% Senior Subordinated Notes due 2016, or collectively, the “Notes.” In accordance with ASU 2013-04 related to joint and several liability arrangements, the Notes have been recorded by the Parent Issuer as it is the intent of the issuers for the Parent Issuer to settle the obligation. The Notes are jointly and severally guaranteed on a full and unconditional basis by the Parent Issuer’s direct and indirect, 100% owned subsidiaries, excluding the Subsidiary Issuer, NewPage Corporation, Bucksport Leasing LLC, Verso Quinnesec REP LLC, Verso Bucksport Power LLC, and Verso Androscoggin Power LLC, or collectively, the “Guarantor Subsidiaries.” As of March 31, 2015, NewPage Corporation is presented as a Non-Guarantor Subsidiary. Chase NMTC Verso Investment Fund, LLC, a consolidated VIE of Verso Holdings, and all other entities specifically aforementioned are in “Other.”

	Verso Paper Holdings LLC
	Condensed Consolidating Balance Sheet
	March 31, 2015


		Parent			Subsidiary			Guarantor			Non-
											Guarantor
	(Dollars in millions)	Issuer			Issuer			Subsidiaries			Subsidiary			Other			Eliminations			Consolidated
	ASSETS
	Cash and cash equivalents	$	—		$	—		$	5		$	9		$	—		$	—		$	14

	Accounts receivable, net	—			—			86			194			—			—			280

	Inventories	—			—			121			415			—			—			536

	Prepaid expenses and other assets	—			—			8			22			—			—			30

	Current assets	—			—			220			640			—			—			860

	Property, plant, and equipment, net	—			—			494			1,536			23			—			2,053

	Intercompany/affiliate receivable	1,380			—			8			19			31			(1,438		)	—

	Intangibles and other assets, net(1)	—			—			87			55			1			(5		)	138

	Total assets	$	1,380		$	—		$	809		$	2,250		$	55		$	(1,443	)	$	3,051

	LIABILITIES AND MEMBER’S EQUITY

	Accounts payable	$	—		$	—		$	52		$	154		$	—		$	—		$	206

	Accrued liabilities	43			—			69			131			—			—			243

	Current maturities of long-term debt	—			—			—			13			—			—			13

	Current liabilities	43			—			121			298			—			—			462

	Intercompany/affiliate payable	—			—			1,399			4			35			(1,438		)	—

	Investment in subsidiaries	187			—			14			—			—			(201		)	—

	Long-term debt(2)	1,956			—						836			23			(5		)	2,810

	Other liabilities	—			—			53			524			8			—			585

	Member’s (deficit) equity	(806		)	—			(778		)	588			(11		)	201			(806		)

	Total liabilities and equity	$	1,380		$	—		$	809		$	2,250		$	55		$	(1,443	)	$	3,051


	-1	Intangibles and other assets, net of Guarantor Subsidiaries include $23 million of a long-term note receivable from Verso Finance.

	-2	Long-term debt of Non-Guarantor Affiliate is payable to Verso Finance.
	Verso Paper Holdings LLC
	Condensed Consolidating Balance Sheet
	December 31, 2014


	Parent			Subsidiary			Guarantor			Non-
										Guarantor
(Dollars in millions)	Issuer			Issuer			Subsidiaries			Subsidiary			Other			Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	—		$	—		$	6		$	—		$	—		$	—		$	6

Accounts receivable, net	—			—			88			—			—			—			88

Inventories	—			—			110			—			—			—			110

Assets held for sale	—			—			60			—			1			—			61

Prepaid expenses and other assets	—			—			9			—			2			—			11

Current assets	—			—			273			—			3			—			276

Property, plant, and equipment, net	—			—			508			—			23			—			531

Intercompany/affiliate receivable	1,397			—			2			—			58			(1,457		)	—

Intangibles and other assets, net(1)	—			—			93			—			1			—			94

Total assets	$	1,397		$	—		$	876		$	—		$	85		$	(1,457	)	$	901

LIABILITIES AND MEMBER’S EQUITY

Accounts payable	$	—		$	—		$	63		$	—		$	—		$	—		$	63

Accrued liabilities	77			—			128			—			1			—			206

Current maturities of long-term debt	—			—			—			—			30			—			30

Liabilities related to assets held for sale	—			—			2			—			—			—			2

Current liabilities	77			—			193			—			31			—			301

Intercompany/affiliate payable	—			—			1,423			—			34			(1,457		)	—

Investment in subsidiaries	803			—			13			—			—			(816		)	—

Long-term debt(2)	1,297			—			—			—			23			—			1,320

Other liabilities	—			—			52			—			8			—			60

Member’s (deficit) equity	(780		)	—			(805		)	—			(11		)	816			(780		)

Total liabilities and equity	$	1,397		$	—		$	876		$	—		$	85		$	(1,457	)	$	901


-1	Intangibles and other assets, net of Guarantor Subsidiaries include $23 million of a long-term note receivable from Verso Finance.

-2	Long-term debt of Non-Guarantor Affiliate is payable to Verso Finance.

-3	Certain amounts in the prior year presentation have been reclassified to conform to the current year presentation.
Verso Paper Holdings LLC
Condensed Consolidating Statements of Operations and Comprehensive Income
Three Months Ended March 31, 2015


	Parent			Subsidiary			Guarantor			Non-
										Guarantor
(Dollars in millions)	Issuer			Issuer			Subsidiaries			Subsidiary			Other			Eliminations			Consolidated
Net sales	$	—		$	—		$	258		$	553		$	1		$	(6	)	$	806

Cost of products sold (exclusive of depreciation, amortization, and depletion)	—			—			239			495			—			(6		)	728

Depreciation, amortization, and depletion	—			—			17			40			—			—			57

Selling, general, and administrative expenses	—			—			27			28			—			—			55

Restructuring charges	—			—			15			7			—			—			22

Other operating income	—			—			(12		)	12			—			—			—

Interest income	(47		)	—			—			—			—			47			—

Interest expense	47			—			47			18			1			(47		)	66

Equity in net loss of subsidiaries	(122		)	—			—			—			—			122			—

Net loss	$	(122	)	$	—		$	(75	)	$	(47	)	$	—		$	122		$	(122	)

Other comprehensive income	—			—			—			—			—			—			—

Comprehensive loss	$	(122	)	$	—		$	(75	)	$	(47	)	$	—		$	122		$	(122	)


Verso Paper Holdings LLC
Condensed Consolidating Statements of Operations and Comprehensive Income
Three Months Ended March 31, 2014


	Parent			Subsidiary			Guarantor			Non-
										Guarantor
(Dollars in millions)	Issuer			Issuer			Subsidiaries			Subsidiary			Other			Eliminations			Consolidated
Net sales	$	—		$	—		$	299		$	—		$	—		$	—		$	299

Cost of products sold (exclusive of depreciation, amortization, and depletion)	—			—			302			—			—			—			302

Depreciation, amortization, and depletion	—			—			26			—			—			—			26

Selling, general, and administrative expenses	—			—			18			—			—			—			18

Interest income	(35		)	—			—			—			—			35			—

Interest expense	35			—			34			—			—			(35		)	34

Other loss, net	—			—			10			—			—			—			10

Equity in net loss of subsidiaries	(91		)	—			—			—			—			91			—

Net loss	$	(91	)	$	—		$	(91	)	$	—		$	—		$	91		$	(91	)

Other comprehensive income	—			—			—			—			—			—			—

Comprehensive loss	$	(91	)	$	—		$	(91	)	$	—		$	—		$	91		$	(91	)

Certain amounts in the prior year presentation have been reclassified to conform to the current year presentation.



Verso Paper Holdings LLC
Condensed Consolidating Statements of Cash Flows
Three Months Ended March 31, 2015



	Parent			Subsidiary			Guarantor			Non-
										Guarantor
(Dollars in thousands)	Issuer			Issuer			Subsidiaries			Subsidiary			Other			Eliminations			Consolidated
Net cash used in operating activities	$	—		$	—		$	(124	)	$	(80	)	$	—		$	—		$	(204	)

Cash flows from investing activities:

Proceeds from sale of assets	—			—			50			1			—			—			51

Transfers from (to) restricted cash	—			—			2			—			—			—			2

Capital expenditures	—			—			(3		)	(6		)	—			—			(9		)

Acquisition, net of cash acquired	—			—			—			128			—			—			128

Investment in parent securities	—			—			—			(5		)	—			—			(5		)

Return of capital to Parent Issuer	73			—			—			—			—			(73		)	—

Advances to subsidiaries	(178		)	—			—			—			—			178			—

Payments from subsidiaries	74			—			—			—			—			(74		)	—

Net cash (used in) provided by investing activities	(31		)	—			49			118			—			31			167

Cash flows from financing activities:

Borrowings on revolving credit facilities	75			—			—			242			—			—			317

Payments on revolving credit facilities	(44		)	—			—			(198		)	(30		)	—			(272		)

Return of capital to Parent Issuer	—			—			—			(73		)	—			73			—

Advances from parent	—			—			148			—			30			(178		)	—

Payments to parent	—			—			(74		)	—			—			74			—

Net cash provided by (used in) financing activities	31			—			74			(29		)	—			(31		)	45

Change in cash and cash equivalents	—			—			(1		)	9			—			—			8

Cash and cash equivalents at beginning of period	—			—			6			—			—			—			6

Cash and cash equivalents at end of period	$	—		$	—		$	5		$	9		$	—		$	—		$	14

Verso Paper Holdings LLC
Condensed Consolidating Statements of Cash Flows
Three Months Ended March 31, 2014


										Non-
	Parent			Subsidiary			Guarantor			Guarantor
(Dollars in millions)	Issuer			Issuer			Subsidiaries			Subsidiary			Other			Eliminations			Consolidated
Net cash used in operating activities	$	—		$	—		$	(96	)	$	—		$	—		$	—		$	(96	)

Cash flows from investing activities:

Transfers to restricted cash	—			—			2			—			—			—			2

Capital expenditures	—			—			(16		)	—			—			—			(16		)

Other investing activities	—			—			5			—			—			—			5

Advances to subsidiaries	(135		)	—			—			—			—			135			—

Payments from subsidiaries	37			—			—			—			—			(37		)	—

Net cash used in investing activities	(98		)	—			(9		)	—			—			98			(9		)

Cash flows from financing activities:

Borrowings on revolving credit facilities	135			—			—			—			—			—			135

Payments on revolving credit facilities	(37		)	—			—			—			—			—			(37		)

Advances from parent	—			—			135			—			—			(135		)	—

Payments to parent	—			—			(37		)	—			—			37			—

Net cash provided by financing activities	98			—			98			—			—			(98		)	98

Change in cash and cash equivalents	—			—			(7		)	—			—			—			(7		)

Cash and cash equivalents at beginning of period	—			—			11			—			—			—			11

Cash and cash equivalents at end of period	$	—		$	—		$	4		$	—		$	—		$	—		$	4

Certain amounts in the prior year presentation have been reclassified to conform to the current year presentation.

SUPPLEMENTAL_FINANCIAL_STATEME1

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reconciliation of Basic and Diluted Loss Per Common Share of Verso Paper	The following table provides a reconciliation of Verso’s basic and diluted loss per common share:


		VERSO
			Three Months Ended
			March 31,
			2015			2014
	Net loss available to common shareholders (in millions)		$	(122	)	$	(91	)
	Weighted average common stock outstanding (in thousands)		79,279			52,677

	Weighted average restricted stock (in thousands)		391			511

	Weighted average common shares outstanding - basic		79,670			53,188

	Dilutive shares from stock options		—			—

	Weighted average common shares outstanding - diluted		79,670			53,188

	Basic loss per share		$	(1.53	)	$	(1.70	)
	Diluted loss per share		$	(1.53	)	$	(1.70	)
Inventories by Major Category	nventories by major category:


		March 31,			December 31,
	(Dollars in millions)	2015			2014
	Raw materials	$	110		$	13

	Woodyard logs	11			6

	Work-in-process	66			9

	Finished goods	271			62

	Replacement parts and other supplies	78			20

	Inventories	$	536		$	110

Analysis of Asset Retirement Obligations Included in Other Liabilities	The following table presents an analysis related to our asset retirement obligations which are included in Other liabilities in the accompanying condensed consolidated balance sheets:


		Three Months Ended
		March 31,
	(Dollars in millions)	2015			2014
	Asset retirement obligations, January 1	$	8		$	13

	Liabilities assumed	9			—

	Adjustment to existing liabilities	—			(3		)

	Asset retirement obligations	17			10

	Less: Current portion	(2		)	(1		)
	Non-current portion of asset retirement obligations, March 31	$	15		$	9

ACQUISITIONS_AND_DISPOSITIONS_

ACQUISITIONS AND DISPOSITIONS Acquisitions and Depositions (Tables)	3 Months Ended
	Mar. 31, 2015
Acquisitions and Dispositions [Abstract]
Schedule of accounting considerations	Accounting consideration for the NewPage acquisition is as follows:


	(Dollars in millions)
	13,607,693 shares Verso common stock valued at January 7, 2015 closing price	$	46
		$	46
	$650 million face value New First Lien Notes valued at January 7, 2015 closing price	663
		663
	Accounting Consideration	$	709
	Accounting Consideration	$	709
Schedule of purchase price allocation	The preliminary allocation of the purchase price is as follows:


	(Dollars in millions)
	Cash	$	128
	Cash	$	128
	Current assets, excluding cash	581
	Current assets, excluding cash	581
	Property, plant, and equipment	1,570
	Property, plant, and equipment	1,570
	Other long-term assets	47
	Other long-term assets	47
	Current liabilities	(277		)
	Current portion of long-term debt	(3		)
	Noncurrent pension and other post-retirement benefit obligations	(479		)
	Other long-term liabilities	(58		)
	Long-term debt	(800		)
	Net assets acquired	$	709
	Net assets acquired	$	709
Pro forma information

			Pro Forma
			Three Months Ended
	(Unaudited)		March 31,
	(Dollars in millions, except per share data)		2015			2014
	Revenues		$	838		$	882
	Revenues		$	838		$	882
	Net loss		(100		)	(167		)
	Earnings per share - basic and diluted		$	(1.23	)	$	(2.05	)
	Weighted-average shares outstanding - basic and diluted		81,551,070			81,403,403
	Weighted-average shares outstanding - basic and diluted		81,551,070			81,403,403

INTANGIBLES_AND_OTHER_ASSETS_T

INTANGIBLES AND OTHER ASSETS (Tables)	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangibles and Other Assets	The following table summarizes intangibles and other assets:



		VERSO				VERSO HOLDINGS
		March 31,		December 31,		March 31,		December 31,
	(Dollars in millions)	2015		2014		2015		2014
	Amortizable intangible assets:
	Customer relationships, net of accumulated amortization of $9 million on March 31, 2015, and on December 31, 2014	$	34	$	4	$	34	$	4

	Unamortizable intangible assets:

	Trademarks	10		10		10		10

	Other assets:

	Financing costs, net of accumulated amortization of $20 million on March 31, 2015, and $19 million on December 31, 2014	22		23		22		23

	Deferred major repair	17		21		17		21

	Replacement parts, net	6		3		6		3

	Loan to affiliate	—		—		23		23

	Restricted cash	3		3		3		3

	Other	22		7		23		7

	Total other assets	70		57		94		80

	Intangibles and other assets	$	114	$	71	$	138	$	94

Estimated Future Amortization Expense for Intangible Assets Over Next Five Years	The estimated future amortization expense for intangible assets over the next five years is as follows:


	(Dollars in millions)
	2015	$	2

	2016	2

	2017	2

	2018	2

	2019	2

DEBT_Tables

DEBT (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Summary of Debt	A summary of debt is as follows:



			March 31, 2015								December 31, 2014
		Original	Interest					Par						Par
	(Dollars in millions)	Maturity	Rate		Balance			Value			Balance			Value
	Verso Holdings
	Verso Androscoggin Power LLC Revolving	2/6/15	—	%	$	—		$	—		$	30		$	30
	Credit Facility
	Revolving Credit Facilities	5/4/17	4	%	94			94			63			63

	11.75% Senior Secured Notes - 2012	1/15/19	11.75	%	424			418			424			418

	11.75% Senior Secured Notes - 2015	1/15/19	11.75	%	658			645			—			—

	11.75% Secured Notes	1/15/19	11.75	%	272			272			272			272

	13% Second Priority Senior Secured Notes	8/1/20	13	%	277			178			299			299

	16% Senior Subordinated Notes	8/1/20	16	%	89			63			102			102

	8.75% Second Priority Senior Secured Notes	2/1/19	8.75	%	96			97			96			97

	11.38% Senior Subordinated Notes	8/1/16	11.38	%	41			41			41			41

	Chase NMTC Verso Investment Fund LLC

	Loan from Verso Finance	12/29/40	6.5	%	23			23			23			23

	NewPage Corp
	Revolving Credit Facility	2/11/19	2.82	%	145			145			—			—

	Floating Rate Senior Secured Term Loan	2/11/21	9.5	%	704			734			—			—

	Total debt for Verso Holdings				$	2,823		$	2,710		$	1,350		$	1,345

	Verso Finance

	Loan from Verso Holdings	12/29/40	6.5	%	23			23			23			23

	Less current maturities of long-term debt				(13		)	(13		)	(30		)	(30		)
	Less loans from affiliates				(46		)	(46		)	(46		)	(46		)
	Total long-term debt for Verso				$	2,787		$	2,674		$	1,297		$	1,292

Interest Expense Related to Debt and Cash Interests Payments on Debt	Amounts included in interest expense related to long-term debt and amounts of cash interest payments on long-term debt are as follows:


		VERSO							VERSO HOLDINGS
		Three Months Ended							Three Months Ended
		March 31,							March 31,
	(Dollars in millions)	2015			2014				2015		2014
	Interest expense	$	65		$	34			$	65	$	34

	Cash interest paid	85			66				85		66

	Debt issuance cost amortization(1)	1			1				1		1

	(1) Amortization of debt issuance cost is included in interest expense.

RETIREMENT_AND_OTHER_POSTRETIR1

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS PLANS (Tables)	3 Months Ended
	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Components of Net Periodic Benefit Cost	The following table summarizes the components of net periodic benefit cost of our pension plans for the three-month periods ended March 31, 2015 and 2014:



		Three Months Ended
		March 31,
	(Dollars in millions)	2015			2014
	Service cost	$	3		$	2

	Interest cost	16			1

	Expected return on plan assets	(20		)	(1		)
	Net periodic benefit cost	$	(1	)	$	2

DERIVATIVE_INSTRUMENTS_AND_HED1

DERIVATIVE INSTRUMENTS AND HEDGES (Tables)	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Information About Volume and Fair Value Amounts of Derivative Instruments	The following table presents information about the volume and fair value amounts of our derivative instruments:


		March 31, 2015					December 31, 2014
				Fair Value				Fair Value
	(Dollars in millions)	MMBTUs		Assets/(Liabilities)			MMBTUs	Assets/(Liabilities)
	Derivative contracts not currently designated as hedging instruments:
	Fixed price energy swaps:

	Notional amount	4,710,000					1,876,475

	Accrued liabilities			(4	)			(6	)

	Other liabilities			(1	)			—

Schedule of Information About Effect of Derivative Instruments on Accumulated Other Comprehensive Income and Consolidated Statements of Operations	The following table presents information about the effect of our derivative instruments on the condensed consolidated statements of operations:


		Gain (Loss) Recognized
		on Derivatives
		Three Months Ended March 31,
	(Dollars in millions)	2015			2014
	Derivative contracts not currently designated as hedging instruments:

	Fixed price energy swaps	$	(2	)	$	13

	Gain (loss) recognized on derivatives is included in Cost of products sold.

FAIR_VALUE_OF_FINANCIAL_INSTRU1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table summarizes the balances of assets and liabilities measured at fair value on a recurring basis:


	(Dollars in millions)	Total		Level 1		Level 2		Level 3
	March 31, 2015
	Assets:
	Investments related to deferred compensation plans	$	4	$	4	$	—	$	—

	Liabilities:

	Commodity swaps	$	5	$	—	$	5	$	—

	December 31, 2014

	Assets:

	Investments related to deferred compensation plans	$	4	$	4	$	—	$	—

	Liabilities:

	Commodity swaps	$	6	$	—	$	6	$	—

	Fair values are based on observable market data.

RESTRUCTURING_CHARGES_Tables

RESTRUCTURING CHARGES (Tables)	3 Months Ended
	Mar. 31, 2015
Restructuring and Related Activities [Abstract]
Charges Incurred Related to Shutdown

		Three Months Ended
		March 31,
	(Dollars in millions)	2015			Cumulative
					Incurred
	Property and equipment	$	—		$	89

	Severance and benefit costs	—			27

	Write-off of spare parts and inventory	—			14

	Write-off of purchase obligations and commitments	6			8

	Other miscellaneous costs	3			6

	Total restructuring costs	$	9		$	144

Schedule of Restructuring Reserve by Type of Cost	The following details the changes in our restructuring reserve liabilities related to the Bucksport shutdown during the three months ended March 31, 2015, which are included in Accrued liabilities on our condensed consolidated balance sheets:


		Three Months Ended
		March 31,
	(Dollars in millions)	2015
	Beginning balance of reserve	$	24

	Severance and benefit payments	(21		)
	Purchase obligations	6

	Payments on purchase obligations	(7		)
	Severance and benefit reserve adjustments	—

	Ending balance of reserve	$	2

	The following details the changes in our restructuring reserve liabilities related to the NewPage acquisition during the three months ended March 31, 2015, which are included in Accrued liabilities on our condensed consolidated balance sheets:


		Three Months Ended
		March 31,
	(Dollars in millions)	2015
	Beginning balance of reserve	$	—

	Severance and benefit costs	13

	Severance and benefit payments	(2		)
	Ending balance of reserve	$	11

NEW_MARKET_TAX_CREDIT_ENTITIES1

NEW MARKET TAX CREDIT ENTITIES (Tables)	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Impact of Consolidated VIE	The following table summarizes the impact of the VIE consolidated by Verso Holdings as of March 31, 2015, and December 31, 2014:


		VERSO				VERSO HOLDINGS
		March 31,		December 31,		March 31,		December 31,
	(Dollars in millions)	2015		2014		2015		2014
	Total assets	$	—	$	—	$	23	$	23

	Long-term debt	—		—		23		23

	Other non-current liabilities	8		8		8		8

	Total liabilities	$	8	$	8	$	31	$	31

	Amounts presented in the condensed consolidated balance sheets and the table above are adjusted for intercompany eliminations.

INFORMATION_BY_INDUSTRY_SEGMEN1

INFORMATION BY INDUSTRY SEGMENT (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table summarizes the industry segment data for the three-month periods ended March 31, 2015 and 2014:


		Three Months Ended
		March 31,
	(Dollars in millions)	2015			2014
	Net sales
	Paper	$	748		$	263

	Pulp	63			36

	Intercompany Eliminations	(5		)	—

	Total	$	806		$	299

	Operating loss
	Paper	$	(44	)	$	(51	)
	Pulp	(12		)	4

	Total	$	(56	)	$	(47	)
	Depreciation, amortization, and depletion
	Paper	$	51		$	21

	Pulp	6			5

	Total	$	57		$	26

	Capital expenditures
	Paper	$	7		$	13

	Pulp	2			3

	Total	$	9		$	16

CONDENSED_CONSOLIDATING_FINANC1

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Income Statement	Verso Paper Holdings LLC
	Condensed Consolidating Statements of Operations and Comprehensive Income
	Three Months Ended March 31, 2015


		Parent			Subsidiary			Guarantor			Non-
											Guarantor
	(Dollars in millions)	Issuer			Issuer			Subsidiaries			Subsidiary			Other			Eliminations			Consolidated
	Net sales	$	—		$	—		$	258		$	553		$	1		$	(6	)	$	806

	Cost of products sold (exclusive of depreciation, amortization, and depletion)	—			—			239			495			—			(6		)	728

	Depreciation, amortization, and depletion	—			—			17			40			—			—			57

	Selling, general, and administrative expenses	—			—			27			28			—			—			55

	Restructuring charges	—			—			15			7			—			—			22

	Other operating income	—			—			(12		)	12			—			—			—

	Interest income	(47		)	—			—			—			—			47			—

	Interest expense	47			—			47			18			1			(47		)	66

	Equity in net loss of subsidiaries	(122		)	—			—			—			—			122			—

	Net loss	$	(122	)	$	—		$	(75	)	$	(47	)	$	—		$	122		$	(122	)

	Other comprehensive income	—			—			—			—			—			—			—

	Comprehensive loss	$	(122	)	$	—		$	(75	)	$	(47	)	$	—		$	122		$	(122	)


	Verso Paper Holdings LLC
	Condensed Consolidating Statements of Operations and Comprehensive Income
	Three Months Ended March 31, 2014


		Parent			Subsidiary			Guarantor			Non-
											Guarantor
	(Dollars in millions)	Issuer			Issuer			Subsidiaries			Subsidiary			Other			Eliminations			Consolidated
	Net sales	$	—		$	—		$	299		$	—		$	—		$	—		$	299

	Cost of products sold (exclusive of depreciation, amortization, and depletion)	—			—			302			—			—			—			302

	Depreciation, amortization, and depletion	—			—			26			—			—			—			26

	Selling, general, and administrative expenses	—			—			18			—			—			—			18

	Interest income	(35		)	—			—			—			—			35			—

	Interest expense	35			—			34			—			—			(35		)	34

	Other loss, net	—			—			10			—			—			—			10

	Equity in net loss of subsidiaries	(91		)	—			—			—			—			91			—

	Net loss	$	(91	)	$	—		$	(91	)	$	—		$	—		$	91		$	(91	)

	Other comprehensive income	—			—			—			—			—			—			—

	Comprehensive loss	$	(91	)	$	—		$	(91	)	$	—		$	—		$	91		$	(91	)

	Certain amounts in the prior year presentation have been reclassified to conform to the current year presentation.

Condensed Balance Sheet	Verso Paper Holdings LLC
	Condensed Consolidating Balance Sheet
	March 31, 2015


		Parent			Subsidiary			Guarantor			Non-
											Guarantor
	(Dollars in millions)	Issuer			Issuer			Subsidiaries			Subsidiary			Other			Eliminations			Consolidated
	ASSETS
	Cash and cash equivalents	$	—		$	—		$	5		$	9		$	—		$	—		$	14

	Accounts receivable, net	—			—			86			194			—			—			280

	Inventories	—			—			121			415			—			—			536

	Prepaid expenses and other assets	—			—			8			22			—			—			30

	Current assets	—			—			220			640			—			—			860

	Property, plant, and equipment, net	—			—			494			1,536			23			—			2,053

	Intercompany/affiliate receivable	1,380			—			8			19			31			(1,438		)	—

	Intangibles and other assets, net(1)	—			—			87			55			1			(5		)	138

	Total assets	$	1,380		$	—		$	809		$	2,250		$	55		$	(1,443	)	$	3,051

	LIABILITIES AND MEMBER’S EQUITY

	Accounts payable	$	—		$	—		$	52		$	154		$	—		$	—		$	206

	Accrued liabilities	43			—			69			131			—			—			243

	Current maturities of long-term debt	—			—			—			13			—			—			13

	Current liabilities	43			—			121			298			—			—			462

	Intercompany/affiliate payable	—			—			1,399			4			35			(1,438		)	—

	Investment in subsidiaries	187			—			14			—			—			(201		)	—

	Long-term debt(2)	1,956			—						836			23			(5		)	2,810

	Other liabilities	—			—			53			524			8			—			585

	Member’s (deficit) equity	(806		)	—			(778		)	588			(11		)	201			(806		)

	Total liabilities and equity	$	1,380		$	—		$	809		$	2,250		$	55		$	(1,443	)	$	3,051


	-1	Intangibles and other assets, net of Guarantor Subsidiaries include $23 million of a long-term note receivable from Verso Finance.

	-2	Long-term debt of Non-Guarantor Affiliate is payable to Verso Finance.
	Verso Paper Holdings LLC
	Condensed Consolidating Balance Sheet
	December 31, 2014


		Parent			Subsidiary			Guarantor			Non-
											Guarantor
	(Dollars in millions)	Issuer			Issuer			Subsidiaries			Subsidiary			Other			Eliminations			Consolidated
	ASSETS
	Cash and cash equivalents	$	—		$	—		$	6		$	—		$	—		$	—		$	6

Accounts receivable, net	—			—			88			—			—			—			88

Inventories	—			—			110			—			—			—			110

Assets held for sale	—			—			60			—			1			—			61

Prepaid expenses and other assets	—			—			9			—			2			—			11

Current assets	—			—			273			—			3			—			276

Property, plant, and equipment, net	—			—			508			—			23			—			531

Intercompany/affiliate receivable	1,397			—			2			—			58			(1,457		)	—

Intangibles and other assets, net(1)	—			—			93			—			1			—			94

Total assets	$	1,397		$	—		$	876		$	—		$	85		$	(1,457	)	$	901

LIABILITIES AND MEMBER’S EQUITY

Accounts payable	$	—		$	—		$	63		$	—		$	—		$	—		$	63

Accrued liabilities	77			—			128			—			1			—			206

Current maturities of long-term debt	—			—			—			—			30			—			30

Liabilities related to assets held for sale	—			—			2			—			—			—			2

Current liabilities	77			—			193			—			31			—			301

Intercompany/affiliate payable	—			—			1,423			—			34			(1,457		)	—

Investment in subsidiaries	803			—			13			—			—			(816		)	—

Long-term debt(2)	1,297			—			—			—			23			—			1,320

Other liabilities	—			—			52			—			8			—			60

Member’s (deficit) equity	(780		)	—			(805		)	—			(11		)	816			(780		)

Total liabilities and equity	$	1,397		$	—		$	876		$	—		$	85		$	(1,457	)	$	901


-1	Intangibles and other assets, net of Guarantor Subsidiaries include $23 million of a long-term note receivable from Verso Finance.

-2	Long-term debt of Non-Guarantor Affiliate is payable to Verso Finance.

-3	Certain amounts in the prior year presentation have been reclassified to conform to the current year presentation.
Condensed Cash Flow Statement	Verso Paper Holdings LLC
	Condensed Consolidating Statements of Cash Flows
	Three Months Ended March 31, 2015



		Parent			Subsidiary			Guarantor			Non-
											Guarantor
	(Dollars in thousands)	Issuer			Issuer			Subsidiaries			Subsidiary			Other			Eliminations			Consolidated
	Net cash used in operating activities	$	—		$	—		$	(124	)	$	(80	)	$	—		$	—		$	(204	)

	Cash flows from investing activities:

	Proceeds from sale of assets	—			—			50			1			—			—			51

	Transfers from (to) restricted cash	—			—			2			—			—			—			2

	Capital expenditures	—			—			(3		)	(6		)	—			—			(9		)

	Acquisition, net of cash acquired	—			—			—			128			—			—			128

	Investment in parent securities	—			—			—			(5		)	—			—			(5		)

	Return of capital to Parent Issuer	73			—			—			—			—			(73		)	—

	Advances to subsidiaries	(178		)	—			—			—			—			178			—

	Payments from subsidiaries	74			—			—			—			—			(74		)	—

	Net cash (used in) provided by investing activities	(31		)	—			49			118			—			31			167

	Cash flows from financing activities:

	Borrowings on revolving credit facilities	75			—			—			242			—			—			317

	Payments on revolving credit facilities	(44		)	—			—			(198		)	(30		)	—			(272		)

	Return of capital to Parent Issuer	—			—			—			(73		)	—			73			—

	Advances from parent	—			—			148			—			30			(178		)	—

	Payments to parent	—			—			(74		)	—			—			74			—

	Net cash provided by (used in) financing activities	31			—			74			(29		)	—			(31		)	45

	Change in cash and cash equivalents	—			—			(1		)	9			—			—			8

	Cash and cash equivalents at beginning of period	—			—			6			—			—			—			6

	Cash and cash equivalents at end of period	$	—		$	—		$	5		$	9		$	—		$	—		$	14

	Verso Paper Holdings LLC
	Condensed Consolidating Statements of Cash Flows
	Three Months Ended March 31, 2014


											Non-
		Parent			Subsidiary			Guarantor			Guarantor
	(Dollars in millions)	Issuer			Issuer			Subsidiaries			Subsidiary			Other			Eliminations			Consolidated
	Net cash used in operating activities	$	—		$	—		$	(96	)	$	—		$	—		$	—		$	(96	)

	Cash flows from investing activities:

	Transfers to restricted cash	—			—			2			—			—			—			2

Capital expenditures	—			—			(16		)	—			—			—			(16		)

Other investing activities	—			—			5			—			—			—			5

Advances to subsidiaries	(135		)	—			—			—			—			135			—

Payments from subsidiaries	37			—			—			—			—			(37		)	—

Net cash used in investing activities	(98		)	—			(9		)	—			—			98			(9		)

Cash flows from financing activities:

Borrowings on revolving credit facilities	135			—			—			—			—			—			135

Payments on revolving credit facilities	(37		)	—			—			—			—			—			(37		)

Advances from parent	—			—			135			—			—			(135		)	—

Payments to parent	—			—			(37		)	—			—			37			—

Net cash provided by financing activities	98			—			98			—			—			(98		)	98

Change in cash and cash equivalents	—			—			(7		)	—			—			—			(7		)

Cash and cash equivalents at beginning of period	—			—			11			—			—			—			11

Cash and cash equivalents at end of period	$	—		$	—		$	4		$	—		$	—		$	—		$	4

Certain amounts in the prior year presentation have been reclassified to conform to the current year presentation.

Recovered_Sheet1

Background and Basis of Presentation (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
	Segment
Debt Instrument [Line Items]
Borrowings Outstanding Under Existing Financing Arrangements	$2,787
Market segments	2
Revolving Credit Facilities \| Revolving Credit Facilities
Debt Instrument [Line Items]
Credit facility, remaining borrowing capacity	35
Revolving Credit Facilities \| NewPage Holdings Inc \| Revolving Credit Facilities
Debt Instrument [Line Items]
Credit facility, remaining borrowing capacity	$155

SUPPLEMENTAL_FINANCIAL_STATEME2

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION - Reconciliation of Basic and Diluted Loss Per Common Share Verso Paper (Detail) (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2013
Earnings Per Share Disclosure [Line Items]
Net loss available to common shareholders	($122)	-91
Weighted average common stock outstanding (shares)	79,279,000	52,677,000
Weighted average restricted stock (shares)	391,000	511,000
Weighted average common shares outstanding - basic (shares)	79,670,000	53,188,000
Dilutive shares from stock options (shares)	0	0
Weighted average common shares outstanding - diluted (shares)	79,670,000	53,188,000
Basic loss per share (usd per share)	($1.53)	-1.7
Diluted loss per share (usd per share)	($1.53)	-1.7
Stock Option
Earnings Per Share Disclosure [Line Items]
Antidilutive securities	6,619,261	4,411,341
Antidilutive shares, weighted average exercise prices per share	$2.60		$2.37

SUPPLEMENTAL_FINANCIAL_STATEME3

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION - Inventories by Major Category (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials	$110	$13
Woodyard logs	11	6
Work-in-process	66	9
Finished goods	271	62
Replacement parts and other supplies	78	20
Inventories	$536	$110

SUPPLEMENTAL_FINANCIAL_STATEME4

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION - Analysis of Asset Retirement Obligations Included in Other Liabilities (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Asset retirement obligations, Beginning balance	$8	$13
Liabilities assumed	9	0
Adjustment to existing liabilities	0	-3
Asset retirement obligations, Ending balance	17	10
Less: Current portion	-2	-1
Non-current portion of asset retirement obligations, March 31	$15	$9

SUPPLEMENTAL_FINANCIAL_STATEME5

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Interest cost, capitalized		$1
Depreciation expense	55	26
Other Asset
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Restricted cash, Asset Retirement obligation	$1

ACQUISITIONS_AND_DISPOSITIONS_1

ACQUISITIONS AND DISPOSITIONS Acquisition (Details) (USD $)	0 Months Ended	3 Months Ended
	Jan. 07, 2015	Mar. 31, 2015	Dec. 31, 2014	Dec. 05, 2014
	Jan. 07, 2015	Mar. 31, 2015	Dec. 31, 2014	subsidiary
Business Acquisition [Line Items]
$650 million face value New First Lien Notes valued at January 7, 2015 closing price		$2,674,000,000	$1,292,000,000
Number of subsidiaries	2
NewPage Holdings Inc
Business Acquisition [Line Items]
Acquisition related costs		10,000,000
Liabilities incurred	650,000,000
Shares of Verso common stock issued in exchange for all the outstanding common stock of NewPage	13,607,693
Debt assumed	800,000,000
13,607,693 shares Verso common stock valued at January 7, 2015 closing price	46,000,000
$650 million face value New First Lien Notes valued at January 7, 2015 closing price	663,000,000
Accounting Consideration	709,000,000
Term Loan [Member] \| NewPage Holdings Inc
Business Acquisition [Line Items]
Debt instrument, face amount	750,000,000
Debt assumed	734,000,000
ABL Facility [Member] \| NewPage Holdings Inc
Business Acquisition [Line Items]
Credit facility, borrowing capacity	350,000,000
Debt assumed	$100,000,000
AIM Development (USA) LLC \| Bucksport Mill [Member]
Business Acquisition [Line Items]
Number of subsidiaries entered into an agreement to sell equity interest				2

ACQUISITIONS_AND_DISPOSITIONS_2

ACQUISITIONS AND DISPOSITIONS ( Purchase Price Allocation) (Details) (NewPage Holdings Inc, USD $)	Jan. 07, 2015
NewPage Holdings Inc
Business Acquisition [Line Items]
Cash	$128,000,000
Current assets excluding cash	581,000,000
Property, plant, and equipment	1,570,000,000
Other long-term assets	47,000,000
Current liabilities	-277,000,000
Current portion of long-term debt	-3,000,000
Noncurrent pension and other post-retirement benefit obligations	-479,000,000
Other long-term liabilities	-58,000,000
Long-term debt	-800,000,000
Net assets acquired	$709,000,000

ACQUISITIONS_AND_DISPOSITIONS_3

ACQUISITIONS AND DISPOSITIONS (Proforma) (Details) (NewPage Holdings Inc, USD $)	3 Months Ended
In Millions, except Share data in Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
NewPage Holdings Inc
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Revenue	$838	$882
Business Acquisition, Pro Forma Net Income (Loss)	($100)	($167)
Business Acquisition, Pro Forma Earnings Per Share, Basic and Diluted	($1.23)	($2.05)
Business Acquisition, Pro Forma Information, Weighted Average Shares Outstanding, Basic and Diluted	81,551,070	81,403,403

INTANGIBLES_AND_OTHER_ASSETS_D

INTANGIBLES AND OTHER ASSETS - (Detail) (USD $)	Mar. 31, 2015		Dec. 31, 2014
In Millions, unless otherwise specified	Mar. 31, 2015		Dec. 31, 2014
Unamortizable intangible assets:
Trademarks	$10		$10
Other assets:
Financing costs, net	22		23
Deferred major repair	17		21
Replacement parts, net	6		3
Restricted cash	3		3
Other	22		7
Total other assets	70		57
Intangibles and other assets, net	114		71
Customer Relationships
Amortizable intangible assets:
Amortizable intangible assets, net	34		4
Verso Paper Holdings LLC
Unamortizable intangible assets:
Trademarks	10		10
Other assets:
Financing costs, net	22		23
Deferred major repair	17		21
Replacement parts, net	6		3
Loan to affiliate	23		23
Restricted cash	3		3
Other	23		7
Total other assets	94		80
Intangibles and other assets, net	138	[1]	94	[1]
Verso Paper Holdings LLC \| Customer Relationships
Amortizable intangible assets:
Amortizable intangible assets, net	$34		$4

[1]	Intangibles and other assets, net of Guarantor Subsidiaries include $23 million of a long-term note receivable from Verso Finance.

INTANGIBLES_AND_OTHER_ASSETS_N

INTANGIBLES AND OTHER ASSETS - (Non printing) (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Intangibles and Other Assets by Major Class [Line Items]
Financing costs, accumulated amortization	$20	$19
Customer Relationships
Intangibles and Other Assets by Major Class [Line Items]
Amortizable intangible assets, accumulated amortization	$9	$9

INTANGIBLES_AND_OTHER_ASSETS_E

INTANGIBLES AND OTHER ASSETS - Estimated Future Amortization Expense for Intangible Assets Over Next Five Years (Detail) (USD $)	Mar. 31, 2015
In Millions, unless otherwise specified	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
2015	$2
2016	2
2017	2
2018	2
2019	$2

DEBT_Summary_of_Debt_Detail

DEBT - Summary of Debt (Detail) (USD $)	3 Months Ended
DEBT - Summary of Debt (Detail) (USD $)	Mar. 31, 2015		Dec. 31, 2014		Dec. 31, 2012	Jan. 07, 2015
Debt Instrument [Line Items]
Less current maturities of long-term debt	($13,000,000)		($30,000,000)
Current maturities, par value	12,593,000		30,000,000
Long-term debt	2,787,000,000		1,297,000,000
Total long-term debt for Verso	2,674,000,000		1,292,000,000
Verso Paper Holdings LLC
Debt Instrument [Line Items]
Balance	2,823,000,000		1,350,000,000
Less current maturities of long-term debt	-13,000,000		-30,000,000
Long-term debt	2,810,000,000	[1]	1,320,000,000	[2]
Total long-term debt for Verso	2,710,000,000		1,345,000,000
Verso Paper Holdings LLC \| Chase NMTC Verso Investment Fund, LLC
Debt Instrument [Line Items]
Original Maturity	29-Dec-40
Interest rate	6.50%
Balance	23,000,000		23,000,000
Par Value	23,305,000		23,305,000
Verso Paper Finance Holdings Limited Liability Company [Member]
Debt Instrument [Line Items]
Loan from Verso Holdings	23,000,000		23,000,000
Verso Paper Finance Holdings Limited Liability Company [Member] \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Par Value	23,305,000		23,305,000
11.75% Senior Secured Notes \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	15-Jan-19
Par Value					345,000,000
11.75% Secured Notes \| NewPage Holdings Inc
Debt Instrument [Line Items]
Original Maturity	11-Feb-21
Balance	704,000,000		0
Par Value	734,469,000		0
11.75% Secured Notes \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	15-Jan-19
Interest rate	11.75%
Balance	272,000,000		272,000,000
Par Value	271,573,000		271,573,000
8.75% Second Priority Senior Secured Notes \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	1-Feb-19
Interest rate	8.75%
Balance	96,000,000		96,000,000
Par Value	96,647,000		96,647,000
New Second Lien Notes [Member]
Debt Instrument [Line Items]
Interest rate						10.00%
Balance						178,000,000
New Second Lien Notes [Member] \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	1-Aug-20
Interest rate	13.00%
Balance	277,000,000		299,000,000
Par Value	178,096,325		299,353,000
11.38% Senior Subordinated Notes \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	1-Aug-16
Interest rate	11.38%
Balance	41,000,000		41,000,000
Par Value	40,517,000		40,517,000
NewSubordinatedNotes [Member]
Debt Instrument [Line Items]
Interest rate						11.00%
Balance						63,000,000
Loan from Verso Holdings \| Verso Paper Finance Holdings Limited Liability Company [Member]
Debt Instrument [Line Items]
Original Maturity	29-Dec-40
Interest rate	6.50%
Revolving Credit Facilities \| Revolving Credit Facilities \| NewPage Holdings Inc
Debt Instrument [Line Items]
Original Maturity	11-Feb-19
Balance			0
Par Value	144,500,000		0
Revolving Credit Facilities \| Revolving Credit Facilities \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	4-May-17
Interest rate at period end	4.00%
Balance	94,000,000		63,000,000
Par Value	94,300,000		63,000,000
Intercompany Eliminations
Debt Instrument [Line Items]
Par Value	46,610,000		46,610,000
Less loans from affiliates	46,000,000		46,000,000
Asset Based Loan Facility \| Revolving Credit Facilities
Debt Instrument [Line Items]
Original Maturity	6-Feb-15
Interest rate at period end	0.00%
Balance	0		30,000,000
Par Value	0		30,000,000
NewSubordinatedNotes [Member] \| 11.38% Senior Subordinated Notes \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	1-Aug-20
Interest rate	16.00%
Balance	89,000,000		102,000,000
Par Value	63,440,225		101,983,000
Eleven Point Seven Five Percent Senior Secured Notes, Twenty Twelve [Member] \| 11.75% Senior Secured Notes \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	15-Jan-19
Interest rate	11.75%
Balance	424,000,000		424,000,000
Par Value	417,882,000		417,882,000
Eleven Point Seven Five Percent Senior Secured Notes, Twenty Fifteen [Member] \| 11.75% Senior Secured Notes \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	15-Jan-19
Interest rate	11.75%
Balance	658,000,000		0
Par Value	$645,419,607		$0

[1]	Long-term debt of Non-Guarantor Affiliate is payable to Verso Finance.
[2]	Intangibles and other assets, net of Guarantor Subsidiaries include $23 million of a long-term note receivable from Verso Finance.

DEBT_Summary_of_Long_Term_Debt

DEBT - Summary of Long Term Debt (Non-printing) (Detail) (Verso Paper Holdings LLC, USD $)	Dec. 31, 2012	Mar. 31, 2015	Dec. 31, 2014
11.75% Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$345,000,000
8.75% Second Priority Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, face amount		96,647,000	96,647,000
New Second Lien Notes [Member]
Debt Instrument [Line Items]
Debt instrument, face amount		$178,096,325	$299,353,000

DEBT_Interest_Expense_Related_

DEBT - Interest Expense Related to Long Term Debt and Cash Interests Payments on Long Term Debt (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Debt Instrument [Line Items]
Interest expense	$65		$34
Cash interest paid	85		66
Debt issuance cost amortization	1	[1]	1	[1]
Verso Paper Holdings LLC
Debt Instrument [Line Items]
Interest expense	65		34
Cash interest paid	85		66
Debt issuance cost amortization	$1	[1]	$1	[1]

[1]	Amortization of debt issuance cost is included in interest expense.

DEBT_Additional_Information_De

DEBT - Additional Information (Detail) (USD $)	0 Months Ended	3 Months Ended		0 Months Ended	12 Months Ended	0 Months Ended
Share data in Millions, unless otherwise specified	Jan. 07, 2015	Mar. 31, 2015		Aug. 02, 2014	Dec. 31, 2012	Jan. 06, 2015	Dec. 31, 2014		4-May-12	Feb. 11, 2014	Aug. 01, 2014
Debt Instrument [Line Items]
Debt instrument, fair value disclosure		$2,421,000,000					$1,082,000,000
Long-term Debt, Excluding Current Maturities		2,787,000,000					1,297,000,000
Verso Paper Holdings LLC
Debt Instrument [Line Items]
Debt instrument, fair value disclosure		2,397,000,000					1,059,000,000
Long-term Debt		2,823,000,000					1,350,000,000
Long-term Debt, Excluding Current Maturities		2,810,000,000	[1]				1,320,000,000	[2]
11.75% Secured Notes \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Notes, interest rate		11.75%
Asset Based Loan Facility \| Revolving Credit Facilities
Debt Instrument [Line Items]
Notes, principal amount		0					30,000,000
Credit facility, maturity date		6-Feb-15
Description of maturity date for debt instrument	On January 7, 2015, Verso consummated the NewPage acquisition, and as a result, the credit facility was terminated on February 4, 2015.
Long-term Debt		0					30,000,000
Cash Flow Facility \| Revolving Credit Facilities \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Credit facility, borrowing capacity									50,000,000
Credit facility, outstanding		47,500,000
Credit facility, remaining borrowing capacity		3,000,000
Cash Flow Facility \| Letter of Credit \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Credit facility, outstanding		0
New Second Lien Notes [Member]
Debt Instrument [Line Items]
Notes, interest rate	10.00%
Decrease in long term debt	121,000,000
Debt Conversion, Converted Instrument, Amount				299,400,000
Paid-in-Kind Interest, Percentage	3.00%
Long-term Debt	178,000,000
Debt Instrument, Principal Amount	593,750,000
New Second Lien Notes [Member] \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Notes, principal amount		178,096,325					299,353,000
loan, maturity date		1-Aug-20
Notes, interest rate		13.00%
Long-term Debt		277,000,000					299,000,000
Revolving Credit Facilities \| Revolving Credit Facilities
Debt Instrument [Line Items]
Credit facility, remaining borrowing capacity		35,000,000
Description of maturity date for debt instrument					4-May-17
Revolving Credit Facilities \| Revolving Credit Facilities \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Credit facility, borrowing capacity									150,000,000
Credit facility, outstanding		47,000,000
Letters of credit, outstanding		39,000,000
Credit facility, remaining borrowing capacity		32,000,000
Revolving Credit Facility, Interest Rate		4.00%
Notes, principal amount		94,300,000					63,000,000
Credit facility, maturity date		4-May-17
Long-term Debt		94,000,000					63,000,000
11.75% Senior Secured Notes \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Notes, principal amount					345,000,000
loan, maturity date		15-Jan-19
11.75% Senior Secured Notes \| 11.75% Secured Notes
Debt Instrument [Line Items]
Notes, interest rate	11.75%
11.75% Senior Secured Notes \| Eleven Point Seven Five Percent Senior Secured Notes, Twenty Twelve [Member] \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Notes, principal amount		417,882,000					417,882,000
loan, maturity date		15-Jan-19
Notes, interest rate		11.75%
Long-term Debt		424,000,000					424,000,000
Second Priority Senior Secured Notes Eight Point Seven Five Percent [Member]
Debt Instrument [Line Items]
Debt Conversion, Original Debt, Amount				299,400,000		299,000,000
Debt Instrument, Principal Amount						1,000
Second Priority Senior Secured Notes Eight Point Seven Five Percent [Member] \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Notes, principal amount		96,647,000					96,647,000
loan, maturity date		1-Feb-19
Notes, interest rate		8.75%
Long-term Debt		96,000,000					96,000,000
11.38% Senior Subordinated Notes
Debt Instrument [Line Items]
Decrease in long term debt	39,000,000
Debt Conversion, Original Debt, Amount				102,000,000		102,000,000
Debt Instrument, Principal Amount						1,000
11.38% Senior Subordinated Notes \| Verso Paper Holdings LLC
Debt Instrument [Line Items]
Notes, principal amount		40,517,000					40,517,000
loan, maturity date		1-Aug-16
Notes, interest rate		11.38%
Long-term Debt		41,000,000					41,000,000
NewSubordinatedNotes [Member]
Debt Instrument [Line Items]
Notes, interest rate	11.00%
Debt Conversion, Converted Instrument, Amount				102,000,000
Paid-in-Kind Interest, Percentage	5.00%
Long-term Debt	63,000,000
Debt Instrument, Principal Amount	620
NewPage Holdings Inc
Debt Instrument [Line Items]
Liabilities incurred	650,000,000
NewPage Holdings Inc \| Revolving Credit Facilities
Debt Instrument [Line Items]
Credit facility, borrowing capacity										350,000,000
NewPage Holdings Inc \| Revolving Credit Facilities \| Revolving Credit Facilities
Debt Instrument [Line Items]
Letters of credit, outstanding		38,000,000
Credit facility, remaining borrowing capacity		155,000,000
Long-term Debt		145,000,000
Exchange Offer One \| Second Priority Senior Secured Notes Eight Point Seven Five Percent [Member]
Debt Instrument [Line Items]
Debt Conversion, Converted Instrument, Warrants or Options Issued				9.3
Financial Liabilities Fair Value Disclosure											0
Exchange Offer Two \| 11.38% Senior Subordinated Notes
Debt Instrument [Line Items]
Debt Conversion, Converted Instrument, Warrants or Options Issued				5.4
Financial Liabilities Fair Value Disclosure											$0

[1]	Long-term debt of Non-Guarantor Affiliate is payable to Verso Finance.
[2]	Intangibles and other assets, net of Guarantor Subsidiaries include $23 million of a long-term note receivable from Verso Finance.

DEBT_New_Page_Debt_Details

DEBT (New Page Debt) (Details) (USD $)	0 Months Ended
DEBT (New Page Debt) (Details) (USD $)	Feb. 11, 2014	Jan. 07, 2015	Mar. 31, 2015
Revolving Credit Facilities \| Revolving Credit Facilities
Debt Instrument [Line Items]
Credit facility, remaining borrowing capacity			$35,000,000
NewPage Holdings Inc \| Term Loan \| Floating Rate Senior Secured Term Loan
Debt Instrument [Line Items]
Interest rate at period end			9.50%
Debt instrument, face amount	750,000,000
Effective interest rate, if loan is prepaid prior to first anniversary of closing date	3.00%
Effective interest rate, if loan is prepaid on and after first anniversary of closing date	2.00%
Effective interest rate, if loan is prepaid on and after second anniversary of closing date and prior to third anniversary of closing date	0.01
Mandatory prepayment, percentage of net cash proceeds of indebtedness	100.00%
Mandatory prepayment, percentage of net cash proceeds of any non-ordinary course sale or other disposition of assets	100.00%
Reinvestment rights, period	12 months
Reinvestment rights, if contractually committed, period	18 months
Contractual committed, period	12 months
Mandatory prepayment, percentage of excess cash flow	75.00%
Repayment in 2015		3,000,000
Quarterly repayment in 2016		9,000,000
Quarterly repayment in 2017		14,000,000
Quarterly repayment in 2018		19,000,000
NewPage Holdings Inc \| Term Loan \| Floating Rate Senior Secured Term Loan \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable rate	8.25%
NewPage Holdings Inc \| Term Loan \| Floating Rate Senior Secured Term Loan \| Base Rate
Debt Instrument [Line Items]
Variable rate	7.25%
NewPage Holdings Inc \| Revolving Credit Facilities
Debt Instrument [Line Items]
Credit facility, borrowing capacity	350,000,000
NewPage Holdings Inc \| Revolving Credit Facilities \| Revolving Credit Facilities
Debt Instrument [Line Items]
Long-term Debt			145,000,000
Letters of credit, outstanding			38,000,000
Credit facility, remaining borrowing capacity			155,000,000
Interest rate at period end			2.82%
Minimum \| NewPage Holdings Inc \| Revolving Credit Facilities \| Revolving Credit Facilities \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable rate	1.75%
Minimum \| NewPage Holdings Inc \| Revolving Credit Facilities \| Revolving Credit Facilities \| Base Rate
Debt Instrument [Line Items]
Variable rate	0.75%
Maximum \| NewPage Holdings Inc \| Revolving Credit Facilities \| Revolving Credit Facilities \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable rate	2.25%
Maximum \| NewPage Holdings Inc \| Revolving Credit Facilities \| Revolving Credit Facilities \| Base Rate
Debt Instrument [Line Items]
Variable rate	1.25%
Biron and Rumford Mills \| NewPage Holdings Inc \| Term Loan \| Floating Rate Senior Secured Term Loan
Debt Instrument [Line Items]
Proceeds from sale of business		$16,000,000

RETIREMENT_AND_OTHER_POSTRETIR2

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS PLANS - Components of Net Periodic Benefit Cost (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]
Service cost	$3	$2
Interest cost	16	1
Expected return on plan assets	-20	-1
Net periodic benefit cost	($1)	$2

RETIREMENT_AND_OTHER_POSTRETIR3

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS PLANS - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Compensation and Retirement Disclosure [Abstract]
Contribution made by employer	$7,000,000	$0
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year	$23,000,000

DERIVATIVE_INSTRUMENTS_AND_HED2

DERIVATIVE INSTRUMENTS AND HEDGES - Schedule of Information About Volume and Fair Value Amounts of Derivative Instruments (Detail) (Commodity swaps, Not Designated as Hedging Instrument, USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified	MMBTU	MMBTU
Derivative [Line Items]
Notional amount	4,710,000	1,876,475
Accrued liabilities
Derivative [Line Items]
Fair value of liabilities	-4	-6
Other liabilities
Derivative [Line Items]
Fair value of liabilities	-1	0

DERIVATIVE_INSTRUMENTS_AND_HED3

DERIVATIVE INSTRUMENTS AND HEDGES - Schedule of Information About Effect of Derivative Instruments on Accumulated Other Comprehensive Income and Consolidated Statements of Operations (Detail) (Commodity swaps, Not Designated as Hedging Instrument, USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015		Dec. 31, 2013
Commodity swaps \| Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized on Derivatives	($2)	[1]	$13	[1]

[1]	recognized on derivatives is included in Cost of products sold.

FAIR_VALUE_OF_FINANCIAL_INSTRU2

FAIR VALUE OF FINANCIAL INSTRUMENTS - Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (Fair Value, Measurements, Recurring, USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Deferred compensation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	$4	$4
Commodity swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	5	6
Fair Value, Inputs, Level 1 \| Deferred compensation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	4	4
Fair Value, Inputs, Level 2 \| Commodity swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	$5	$6

RELATED_PARTY_TRANSACTIONS_Add

RELATED PARTY TRANSACTIONS - Additional Information (Detail) (USD $)	3 Months Ended	0 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2010	Dec. 31, 2010	Dec. 31, 2014	Dec. 31, 2011	Dec. 29, 2010
Related Party Transaction [Line Items]
Management agreement expiration date	1-Jun-17
Verso Paper Holdings LLC
Related Party Transaction [Line Items]
Return of capital	95
Long-term debt	2,823			1,350
Long-term notes receivable	23			23
Chase NMTC Verso Investment Fund, LLC \| Variable Interest Entity, Primary Beneficiary
Related Party Transaction [Line Items]
Original maturity date		29-Dec-40	29-Dec-40
Long-term debt	23					23
Interest rate					6.50%	6.50%
Accrued interest payable to Verso Finance	0
Verso Paper Finance Holdings Limited Liability Company [Member]
Related Party Transaction [Line Items]
Long-term debt	23					23
Interest rate						6.50%
Verso Paper Holdings LLC
Related Party Transaction [Line Items]
Long-term notes receivable	23
Paid-in-Capital \| Verso Paper Holdings LLC
Related Party Transaction [Line Items]
Return of capital	95
11.75% Senior Secured Notes \| Verso Paper Holdings LLC
Related Party Transaction [Line Items]
Original maturity date	15-Jan-19
Management Agreement
Related Party Transaction [Line Items]
Management agreement expiration date	1-Aug-18
Management fee as a percentage of aggregate enterprise value	1.00%

RESTRUCTURING_CHARGES_Charges_

RESTRUCTURING CHARGES - Charges Incurred Related to Shutdown (Detail) (USD $)	3 Months Ended		27 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$22,000,000	$0
Bucksport Mill Closure In Twenty Fourteen [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	9,000,000		144,000,000
Bucksport Mill Closure In Twenty Fourteen [Member] \| Property And Equipment Impairment
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0		89,000,000
Bucksport Mill Closure In Twenty Fourteen [Member] \| Severance and benefit costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0		27,000,000
Bucksport Mill Closure In Twenty Fourteen [Member] \| Write-off of related spare parts and inventory
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0		14,000,000
Bucksport Mill Closure In Twenty Fourteen [Member] \| Write Off Of Purchase Obligations And Commitments
Restructuring Cost and Reserve [Line Items]
Restructuring charges	6,000,000		8,000,000
Bucksport Mill Closure In Twenty Fourteen [Member] \| Other miscellaneous costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$3,000,000		$6,000,000

RESTRUCTURING_CHARGES_Addition

RESTRUCTURING CHARGES Additional information (Details) (USD $)	3 Months Ended		27 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2014
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2013	T
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$22,000,000	$0
NewPage Holdings Inc \| Severance and benefit costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	13,000,000
Paper Segment \| NewPage Holdings Inc \| Severance and benefit costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	12,000,000
Coated groundwood paper
Restructuring Cost and Reserve [Line Items]
Capacity of plant				350,000
Specialty paper
Restructuring Cost and Reserve [Line Items]
Capacity of plant				55,000
Bucksport Mill Closure In Twenty Fourteen [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	9,000,000		144,000,000
Bucksport Mill Closure In Twenty Fourteen [Member] \| Severance and benefit costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0		27,000,000
Bucksport Mill Closure In Twenty Fourteen [Member] \| NewPage Holdings Inc
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$0

RESTRUCTURING_CHARGES_Restruct

RESTRUCTURING CHARGES (Restructuring Reserve) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
Restructuring Reserve [Roll Forward]
Restructuring Reserve	$24
Purchase obligations	6
Restructuring Reserve	2
Severance and benefit costs
Restructuring Reserve [Roll Forward]
Severance and benefit payments	-21
Severance and benefit reserve adjustments	0
Purchase Obligation
Restructuring Reserve [Roll Forward]
Severance and benefit payments	-7
NewPage Holdings Inc
Restructuring Reserve [Roll Forward]
Restructuring Reserve	0
Severance and benefit costs	13
Severance and benefit payments	-2
Restructuring Reserve	$11

NEW_MARKET_TAX_CREDIT_ENTITIES2

NEW MARKET TAX CREDIT ENTITIES - Schedule of Impact of Consolidated VIE (Detail) (Variable Interest Entity, Primary Beneficiary, USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Variable Interest Entity [Line Items]
Variable interest entity, consolidated assets	$0	$0
Variable interest entity, consolidated liabilities	8	8
Other non-current liabilities
Variable Interest Entity [Line Items]
Variable interest entity, consolidated liabilities	8	8
Verso Paper Holdings LLC
Variable Interest Entity [Line Items]
Variable interest entity, consolidated assets	23	23
Variable interest entity, consolidated liabilities	31	31
Verso Paper Holdings LLC \| Long-term debt
Variable Interest Entity [Line Items]
Variable interest entity, consolidated liabilities	23	23
Verso Paper Holdings LLC \| Other non-current liabilities
Variable Interest Entity [Line Items]
Variable interest entity, consolidated liabilities	$8	$8

NEW_MARKET_TAX_CREDIT_ENTITIES3

NEW MARKET TAX CREDIT ENTITIES - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2011
Variable Interest Entity [Line Items]
Renewable Energy project amount		$43
Chase NMTC Verso Investment Fund, LLC \| Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Put option anticipated exercise date	2017-12
Tax credit, recapture percentage	100.00%
Tax credit, recapture period	7 years

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Line Items]
Supply agreement expiration date	1-Jun-17
Supply agreement, description	The agreement requires Expera Specialty Solutions, LLC to pay us a variable charge for the paper purchased and a fixed charge for the availability of the paper machine.

Additional_Information_Detail

- Additional Information (Detail)	3 Months Ended
	Mar. 31, 2015
	Segment
Segment Reporting [Abstract]
Number of reporting segments	2

INFORMATION_BY_INDUSTRY_SEGMEN2

INFORMATION BY INDUSTRY SEGMENT - (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Segment Reporting Information [Line Items]
Net sales	$806	$299
Operating Income (Loss)	-56	-47
Depreciation, amortization, and depletion	57	26
Capital spending	9	16
Coated Papers
Segment Reporting Information [Line Items]
Net sales	748	263
Operating Income (Loss)	-44	-51
Depreciation, amortization, and depletion	51	21
Capital spending	7	13
Hardwood market pulp
Segment Reporting Information [Line Items]
Net sales	63	36
Operating Income (Loss)	-12	4
Depreciation, amortization, and depletion	6	5
Capital spending	2	3
Other
Segment Reporting Information [Line Items]
Net sales	($5)	$0

CONDENSED_CONSOLIDATING_FINANC2

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Additional Information (Detail) (VERSO PAPER HOLDINGS LLC)	3 Months Ended
	Mar. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Equity Method Investment, Ownership Percentage	100.00%
11.75% Senior Secured Notes
Condensed Financial Statements, Captions [Line Items]
Interest rate	11.75%
Debt Instrument Maturity Year	2019
11.75% Secured Notes
Condensed Financial Statements, Captions [Line Items]
Interest rate	11.75%
Debt Instrument Maturity Year	2019
8.75% Second Priority Senior Secured Notes
Condensed Financial Statements, Captions [Line Items]
Interest rate	8.75%
Debt Instrument Maturity Year	2019
Second Priority Senior Secured Floating Rate Notes
Condensed Financial Statements, Captions [Line Items]
Interest rate	13.00%
11.38% Secured Senior Notes
Condensed Financial Statements, Captions [Line Items]
Interest rate	11.38%
Debt Instrument Maturity Year	2016

CONDENSED_CONSOLIDATING_FINANC3

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Balance Sheet (Detail) (USD $)	Mar. 31, 2015		Dec. 31, 2014		Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2015		Dec. 31, 2014		Mar. 31, 2014	Dec. 31, 2013
ASSETS
Cash and cash equivalents	$14		$6		$4	$11
Accounts receivable, net	280		88
Inventories	536		110
Assets held for sale	0		61
Prepaid expenses and other assets	30		11
Total current assets	860		276
Property, plant, and equipment, net	2,053		531
Intangibles and other assets, net	114		71
Total assets	3,027		878
LIABILITIES AND MEMBER'S EQUITY
Accounts payable	206		63
Accrued liabilities	243		205
Current maturities of long-term debt	13		30
Liabilities related to assets held for sale	0		2
Total current liabilities	462		300
Long-term debt	2,787		1,297
Other liabilities	588		65
Total liabilities and equity	3,027		878
VERSO PAPER HOLDINGS LLC
ASSETS
Cash and cash equivalents	14		6		4	11
Accounts receivable, net	280		88
Inventories	536		110
Assets held for sale	0		61
Prepaid expenses and other assets	30		11
Total current assets	860		276
Property, plant, and equipment, net	2,053		531
Intangibles and other assets, net	138	[1]	94	[1]
Total assets	3,051		901
LIABILITIES AND MEMBER'S EQUITY
Accounts payable	206		63
Accrued liabilities	243		206
Current maturities of long-term debt	13		30
Liabilities related to assets held for sale	0		2
Total current liabilities	462		301
Long-term debt	2,810	[2]	1,320	[1]
Other liabilities	585		60
Memberbs (deficit) equity	-806		-780		-502	-411
Total liabilities and equity	3,051		901
VERSO PAPER HOLDINGS LLC \| Parent Company
ASSETS
Cash and cash equivalents	0
Accounts receivable, net	0
Inventories	0
Assets held for sale			0
Prepaid expenses and other assets	0
Total current assets	0
Property, plant, and equipment, net	0
Intercompany/affiliate receivable	1,380		1,397
Intangibles and other assets, net	0
Total assets	1,380		1,397
LIABILITIES AND MEMBER'S EQUITY
Accrued liabilities	43		77
Liabilities related to assets held for sale			0
Total current liabilities	43		77
Intercompany/affiliate payable			0
Investment in subsidiaries	-187		-803	[3]
Long-term debt	1,956	[2]	1,297	[1]
Other liabilities	0		0
Memberbs (deficit) equity	-806		-780
Total liabilities and equity	1,380		1,397
VERSO PAPER HOLDINGS LLC \| Subsidiary Issuer
ASSETS
Cash and cash equivalents	0		0		0	0
Accounts receivable, net	0		0
Inventories	0		0
Assets held for sale			0
Prepaid expenses and other assets	0		0
Total current assets	0		0
Property, plant, and equipment, net	0		0
Intercompany/affiliate receivable	0		0
Intangibles and other assets, net	0		0
Total assets	0		0
LIABILITIES AND MEMBER'S EQUITY
Accounts payable	0
Accrued liabilities	0
Current maturities of long-term debt	0
Liabilities related to assets held for sale			0
Total current liabilities	0
Intercompany/affiliate payable	0
Investment in subsidiaries	0
Long-term debt	0		0
Other liabilities	0
Memberbs (deficit) equity	0
Total liabilities and equity	0
VERSO PAPER HOLDINGS LLC \| Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	5		6		4	11
Accounts receivable, net	86		88
Inventories	121		110
Assets held for sale			60
Prepaid expenses and other assets	8		9
Total current assets	220		273
Property, plant, and equipment, net	494		508
Intercompany/affiliate receivable	8		2
Intangibles and other assets, net	87	[1]	93	[1]
Total assets	809		876
LIABILITIES AND MEMBER'S EQUITY
Accounts payable	52		63
Accrued liabilities	69		128
Current maturities of long-term debt	0
Liabilities related to assets held for sale			2
Total current liabilities	121		193
Intercompany/affiliate payable	1,399		1,423
Investment in subsidiaries	-14		-13	[3]
Long-term debt			0
Other liabilities	53		52
Memberbs (deficit) equity	-778		-805
Total liabilities and equity	809		876
VERSO PAPER HOLDINGS LLC \| Non-Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	9
Accounts receivable, net	194
Inventories	415
Assets held for sale			0
Prepaid expenses and other assets	22
Total current assets	640		0
Property, plant, and equipment, net	1,536
Intercompany/affiliate receivable	19
Intangibles and other assets, net	55	[1]
Total assets	2,250
LIABILITIES AND MEMBER'S EQUITY
Accounts payable	154
Accrued liabilities	131		0
Current maturities of long-term debt	13
Liabilities related to assets held for sale			0
Total current liabilities	298
Intercompany/affiliate payable	4
Investment in subsidiaries	0
Long-term debt	836	[2]	0
Other liabilities	524		0
Memberbs (deficit) equity	588
Total liabilities and equity	2,250
VERSO PAPER HOLDINGS LLC \| Other
ASSETS
Cash and cash equivalents			0			0
Accounts receivable, net	0		0
Inventories	0		0
Assets held for sale			1
Prepaid expenses and other assets			2
Total current assets			3
Property, plant, and equipment, net	23		23
Intercompany/affiliate receivable	31		58
Intangibles and other assets, net	1	[1]	1	[1]
Total assets	55		85
LIABILITIES AND MEMBER'S EQUITY
Accounts payable	0		0
Accrued liabilities	0		1
Current maturities of long-term debt	0		30
Liabilities related to assets held for sale			0
Total current liabilities			31
Intercompany/affiliate payable	35		34
Investment in subsidiaries	0
Long-term debt	23	[2]	23	[1]
Other liabilities	8		8
Memberbs (deficit) equity	-11		-11
Total liabilities and equity	55		85
VERSO PAPER HOLDINGS LLC \| Eliminations
ASSETS
Cash and cash equivalents	0		0		0	0
Accounts receivable, net	0		0
Inventories	0		0
Assets held for sale			0
Prepaid expenses and other assets	0		0
Total current assets	0		0
Property, plant, and equipment, net	0		0
Intercompany/affiliate receivable	-1,438		-1,457
Intangibles and other assets, net	-5	[1]	0
Total assets	-1,443		-1,457
LIABILITIES AND MEMBER'S EQUITY
Accrued liabilities	0		0
Current maturities of long-term debt	0
Liabilities related to assets held for sale			0
Intercompany/affiliate payable	-1,438		-1,457
Investment in subsidiaries	201		816	[3]
Long-term debt	-5	[2]	0
Other liabilities	0		0
Memberbs (deficit) equity	201		816
Total liabilities and equity	($1,443)		($1,457)

[1]	Intangibles and other assets, net of Guarantor Subsidiaries include $23 million of a long-term note receivable from Verso Finance.
[2]	Long-term debt of Non-Guarantor Affiliate is payable to Verso Finance.
[3]	Certain amounts in the prior year presentation have been reclassified to conform to the current year presentation.

CONDENSED_CONSOLIDATING_FINANC4

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Balance Sheet (Nonprinting) (Detail) (VERSO PAPER HOLDINGS LLC, USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Long-term note receivable	$23	$23

CONDENSED_CONSOLIDATING_FINANC5

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Statements of Operations and Comprehensive Income (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Condensed Financial Statements, Captions [Line Items]
Net sales	$806,000,000	$299,000,000
Cost of products sold (exclusive of depreciation, amortization, and depletion)	728,000,000	302,000,000
Depreciation, amortization, and depletion	57,000,000	26,000,000
Selling, general, and administrative expenses	55,000,000	18,000,000
Restructuring charges	22,000,000	0
Interest expense	66,000,000	34,000,000
Other loss, net	0	10,000,000
Net loss	-122,000,000	-91,000,000
Other comprehensive income	0	0
Comprehensive loss	-122,000,000	-91,000,000
VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net sales	806,000,000	299,000,000
Cost of products sold (exclusive of depreciation, amortization, and depletion)	728,000,000	302,000,000
Depreciation, amortization, and depletion	57,000,000	26,000,000
Selling, general, and administrative expenses	55,000,000	18,000,000
Restructuring charges	22,000,000
Other operating income	0
Interest income	0	0
Interest expense	66,000,000	34,000,000
Other loss, net	0	10,000,000
Equity in net loss of subsidiaries	0	0
Net loss	-122,000,000	-91,000,000
Other comprehensive income	0	0
Comprehensive loss	-122,000,000	-91,000,000
Parent Company \| VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net sales		0
Cost of products sold (exclusive of depreciation, amortization, and depletion)		0
Depreciation, amortization, and depletion		0
Selling, general, and administrative expenses		0
Interest income	47,000,000	35,000,000
Interest expense	47,000,000	35,000,000
Equity in net loss of subsidiaries	-122,000,000	-91,000,000
Net loss	-122,000,000	-91,000,000
Other comprehensive income		0
Comprehensive loss	-122,000,000	-91,000,000
Subsidiary Issuer \| VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net sales	0	0
Cost of products sold (exclusive of depreciation, amortization, and depletion)	0	0
Depreciation, amortization, and depletion	0	0
Selling, general, and administrative expenses	0	0
Restructuring charges	0
Other operating income	0
Interest income	0	0
Interest expense	0	0
Other loss, net		0
Equity in net loss of subsidiaries	0	0
Net loss	0	0
Other comprehensive income	0	0
Comprehensive loss	0	0
Guarantor Subsidiaries \| VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net sales	258,000,000	299,000,000
Cost of products sold (exclusive of depreciation, amortization, and depletion)	239,000,000	302,000,000
Depreciation, amortization, and depletion	17,000,000	26,000,000
Selling, general, and administrative expenses	27,000,000	18,000,000
Restructuring charges	15,000,000
Other operating income	12,000,000
Interest income	0	0
Interest expense	47,000,000	34,000,000
Other loss, net		10,000,000
Equity in net loss of subsidiaries		0
Net loss	-75,000,000	-91,000,000
Other comprehensive income		0
Comprehensive loss	-75,000,000	-91,000,000
Non-Guarantor Subsidiaries \| VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net sales	553,000,000	0
Cost of products sold (exclusive of depreciation, amortization, and depletion)	495,000,000	0
Depreciation, amortization, and depletion	40,000,000	0
Selling, general, and administrative expenses	28,000,000	0
Restructuring charges	7,000,000
Other operating income	-12,000,000
Interest income		0
Interest expense	18,000,000	0
Other loss, net		0
Equity in net loss of subsidiaries		0
Net loss	-47,000,000	0
Comprehensive loss	-47,000,000	0
Other \| VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net sales	1,000,000	0
Cost of products sold (exclusive of depreciation, amortization, and depletion)	0	0
Depreciation, amortization, and depletion	0	0
Selling, general, and administrative expenses	0	0
Interest income	0	0
Interest expense	1,000,000	0
Other loss, net		0
Equity in net loss of subsidiaries		0
Net loss	0	0
Comprehensive loss	0	0
Eliminations \| VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net sales	-6,000,000	0
Cost of products sold (exclusive of depreciation, amortization, and depletion)	-6,000,000	0
Depreciation, amortization, and depletion	0	0
Selling, general, and administrative expenses		0
Interest income	-47,000,000	-35,000,000
Interest expense	-47,000,000	-35,000,000
Other loss, net		0
Equity in net loss of subsidiaries	122,000,000	91,000,000
Net loss	122,000,000	91,000,000
Other comprehensive income		0
Comprehensive loss	$122,000,000	$91,000,000

CONDENSED_CONSOLIDATING_FINANC6

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Statements of Cash Flows (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	($204)	($96)
Cash Flows From Investing Activities:
Proceeds from sale of assets	51	0
Transfers from (to) restricted cash	2	2
Capital expenditures	-9	-16
Other investing activities	0	5
Acquisition, net of cash acquired	128	0
Investment in parent securities	-5	0
Net cash provided by (used in) investing activities	167	-9
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities	317	135
Payments on revolving credit facilities	-272	-37
Payments to parent	0
Net cash provided by financing activities	45	98
Change in cash and cash equivalents	8	-7
Cash and cash equivalents at beginning of period	6	11
Cash and cash equivalents at end of period	14	4
VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	-204	-96
Cash Flows From Investing Activities:
Proceeds from sale of assets	51	0
Transfers from (to) restricted cash	2	2
Capital expenditures	-9	-16
Other investing activities	0	5
Acquisition, net of cash acquired	128	0
Investment in parent securities	-5	0
Payments from subsidiaries	0	0
Net cash provided by (used in) investing activities	167	-9
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities	317	135
Payments on revolving credit facilities	-272	-37
Return of capital to Parent Issuer	0
Payments to parent	0	0
Net cash provided by financing activities	45	98
Change in cash and cash equivalents	8	-7
Cash and cash equivalents at beginning of period	6	11
Cash and cash equivalents at end of period	14	4
Parent Company \| VERSO PAPER HOLDINGS LLC
Cash Flows From Investing Activities:
Other investing activities		0
Acquisition, net of cash acquired	0
Investment in parent securities	0
Return of capital to Parent Issuer	73
Advances to subsidiaries	178	135
Payments from subsidiaries	74	37
Net cash provided by (used in) investing activities	-31	-98
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities	75	135
Payments on revolving credit facilities	-44	-37
Return of capital to Parent Issuer	0
Payments to parent	0	0
Net cash provided by financing activities	31	98
Cash and cash equivalents at end of period	0
Subsidiary Issuer \| VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	0	0
Cash Flows From Investing Activities:
Proceeds from sale of assets	0
Transfers from (to) restricted cash	0	0
Capital expenditures	0	0
Other investing activities		0
Acquisition, net of cash acquired	0
Investment in parent securities	0
Advances to subsidiaries	0	0
Payments from subsidiaries	0	0
Net cash provided by (used in) investing activities	0	0
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities	0	0
Payments on revolving credit facilities	0	0
Return of capital to Parent Issuer	0
Advances from parent	0	0
Payments to parent		0
Net cash provided by financing activities	0	0
Change in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Guarantor Subsidiaries \| VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	-124	-96
Cash Flows From Investing Activities:
Proceeds from sale of assets	50
Transfers from (to) restricted cash	2	2
Capital expenditures	-3	-16
Other investing activities		5
Acquisition, net of cash acquired	0
Investment in parent securities	0
Advances to subsidiaries		0
Payments from subsidiaries	0	0
Net cash provided by (used in) investing activities	49	-9
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities		0
Payments on revolving credit facilities		0
Return of capital to Parent Issuer	0
Advances from parent	148	135
Payments to parent	74	37
Net cash provided by financing activities	74	98
Change in cash and cash equivalents	-1	-7
Cash and cash equivalents at beginning of period	6	11
Cash and cash equivalents at end of period	5	4
Non-Guarantor Subsidiaries \| VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	-80
Cash Flows From Investing Activities:
Proceeds from sale of assets	1
Transfers from (to) restricted cash	0
Capital expenditures	-6
Other investing activities		0
Acquisition, net of cash acquired	128
Investment in parent securities	-5
Advances to subsidiaries		0
Payments from subsidiaries	0	0
Net cash provided by (used in) investing activities	118
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities	242	0
Payments on revolving credit facilities	-198	0
Return of capital to Parent Issuer	73
Advances from parent		0
Payments to parent	0	0
Net cash provided by financing activities	-29
Change in cash and cash equivalents	9
Cash and cash equivalents at end of period	9
Other \| VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities		0
Cash Flows From Investing Activities:
Transfers from (to) restricted cash		0
Other investing activities		0
Acquisition, net of cash acquired	0
Investment in parent securities	0
Advances to subsidiaries		0
Payments from subsidiaries	0	0
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities		0
Payments on revolving credit facilities	-30	0
Return of capital to Parent Issuer	0
Advances from parent	30	0
Payments to parent		0
Cash and cash equivalents at beginning of period	0	0
Eliminations \| VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	0	0
Cash Flows From Investing Activities:
Proceeds from sale of assets	0
Transfers from (to) restricted cash	0	0
Capital expenditures	0	0
Other investing activities		0
Acquisition, net of cash acquired	0
Investment in parent securities	0
Return of capital to Parent Issuer	-73
Advances to subsidiaries	-178	-135
Payments from subsidiaries	-74	-37
Net cash provided by (used in) investing activities	31	98
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities		0
Payments on revolving credit facilities	0	0
Return of capital to Parent Issuer	-73
Advances from parent	-178	-135
Payments to parent	-74	-37
Net cash provided by financing activities	-31	-98
Change in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	$0	$0