Verso Paper 10-Q 11 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	VRS
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		81,837,254
Entity Registrant Name	VERSO CORPORATION
Entity Central Index Key	1,421,182
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	1,395,864
Entity Filer Category	Non-accelerated Filer

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2015		Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 14		$ 6
Accounts receivable, net	247		88
Inventories	559		110
Assets held for sale	0		61
Prepaid expenses and other assets	18		11
Total current assets	838		276
Property, plant, and equipment, net	2,006		531
Intangibles and other assets, net	125		71
Total assets	2,969		878
Current liabilities:
Accounts payable	192		63
Accrued liabilities	290		205
Current maturities of long-term debt	22		30
Liabilities related to assets held for sale	0		2
Total current liabilities	504		300
Long-term debt	2,771		1,297
Other liabilities	563		65
Total liabilities	3,838		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 82,075,543 shares issued and 81,837,254 outstanding on June 30, 2015, and with 53,434,698 shares issued and 53,336,634 outstanding on December 31, 2014)	1		1
Treasury stock -- at cost (238,289 shares on June 30, 2015 and 98,064 shares on December 31, 2014)	(1)		0
Paid-in-capital	319		222
Retained deficit	(1,162)		(980)
Accumulated other comprehensive loss	(26)		(27)
Total deficit	(869)		(784)
Total liabilities and equity	2,969		878
VERSO PAPER HOLDINGS LLC
Current assets:
Cash and cash equivalents	14		6
Accounts receivable, net	247		88
Inventories	559		110
Assets held for sale	0		61
Prepaid expenses and other assets	18		11
Total current assets	838		276
Property, plant, and equipment, net	2,006		531
Intangibles and other assets, net	149	[1]	94	[2]
Total assets	2,993		901
Current liabilities:
Accounts payable	192		63
Accrued liabilities	290		206
Current maturities of long-term debt	22		30
Liabilities related to assets held for sale	0		2
Total current liabilities	504		301
Long-term debt	2,794	[3]	1,320	[4]
Other liabilities	559		60
Total liabilities	3,857		1,681
Commitments and contingencies (Note 13)	0		0
Equity:
Paid-in-capital	331		234
Retained deficit	(1,169)		(987)
Accumulated other comprehensive loss	(26)		(27)
Total deficit	(864)		(780)
Total liabilities and equity	$ 2,993		$ 901
[1]	Intangibles and other assets, net of Guarantor Subsidiaries include $23 million of a long-term note receivable from Verso Finance.
[2]	Intangibles and other assets, net of Guarantor Subsidiaries include $23 million of a long-term note receivable from Verso Finance.
[3]	Long-term debt of Other Non-Guarantors is payable to Verso Finance.
[4]	Intangibles and other assets, net of Guarantor Subsidiaries include $23 million of a long-term note receivable from Verso Finance.

UNAUDITED CONDENSED CONSOLIDAT3

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 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	82,075,543	53,434,698
Common stock, shares outstanding	81,837,254	53,336,634
Treasury stock, shares	238,289	98,064

UNAUDITED CONDENSED CONSOLIDAT4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net sales	$ 778	$ 321	$ 1,584	$ 620
Costs and expenses:
Cost of products sold - (exclusive of depreciation, amortization, and depletion)	657	276	1,385	578
Depreciation, amortization, and depletion	64	25	121	51
Selling, general, and administrative expenses	46	17	101	35
Restructuring charges	6		28	0
Total operating expenses	773	318	1,635	664
Operating income (loss)	5	3	(51)	(44)
Interest expense	67	36	133	70
Other loss, net	0	9	0	19
Loss before income taxes	(62)	(42)	(184)	(133)
Income tax benefit	(2)	0	(2)	0
Net loss	$ (60)	$ (42)	$ (182)	$ (133)
Loss per common share (usd per share)
Basic	$ (0.73)	$ (0.80)	$ (2.25)	$ (2.51)
Diluted	$ (0.73)	$ (0.80)	$ (2.25)	$ (2.51)
Weighted average common shares outstanding (in thousands)
Basic	81,763	53,323	80,722	53,256
Diluted	81,763	53,323	80,722	53,256
VERSO PAPER HOLDINGS LLC
Net sales	$ 778	$ 321	$ 1,584	$ 620
Costs and expenses:
Cost of products sold - (exclusive of depreciation, amortization, and depletion)	657	276	1,385	578
Depreciation, amortization, and depletion	64	25	121	51
Selling, general, and administrative expenses	46	17	101	35
Restructuring charges	6		28
Total operating expenses	773	318	1,635	664
Operating income (loss)	5	3	(51)	(44)
Interest income	(1)	(1)	(1)	(1)
Interest expense	68	37	134	71
Other loss, net	0	9	0	19
Loss before income taxes	(62)	(42)	(184)	(133)
Income tax benefit	(2)	0	(2)	0
Net loss	$ (60)	$ (42)	$ (182)	$ (133)

UNAUDITED CONDENSED CONSOLIDAT5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net loss	$ (60)	$ (42)	$ (182)	$ (133)
Other comprehensive income:
Defined benefit pension plan amortization of net loss and prior service cost	1	0	1	0
Other comprehensive income	1	0	1	0
Comprehensive loss	(59)	(42)	(181)	(133)
VERSO PAPER HOLDINGS LLC
Net loss	(60)	(42)	(182)	(133)
Other comprehensive income:
Defined benefit pension plan amortization of net loss and prior service cost	1	0	1	0
Other comprehensive income	1	0	1	0
Comprehensive loss	$ (59)	$ (42)	$ (181)	$ (133)

UNAUDITED CONDENSED CONSOLIDAT6

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Millions	Total	VERSO PAPER HOLDINGS LLC	Common Stock	Treasury Stock	Paid-in-Capital	Paid-in-CapitalVERSO PAPER HOLDINGS LLC	Retained Deficit	Retained DeficitVERSO PAPER HOLDINGS LLC	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss)VERSO PAPER HOLDINGS LLC
Common Stock, Shares, Beginning of the Period at Dec. 31, 2013			53,247,000
Stockholders' Equity Beginning of Period at Dec. 31, 2013	$ (417)		$ 1	$ 0	$ 220		$ (627)		$ (11)
Treasury stock, Shares Beginning of Period at Dec. 31, 2013				(74,000)
Member's Equity Beginning of Period at Dec. 31, 2013		$ (411)				$ 231		$ (631)		$ (11)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(133)	(133)					(133)	(133)
Other comprehensive income	0	0								0
Treasury shares acquired (in shares)				(24,000)
Treasury shares acquired	0			$ 0
Stock option exercise (in shares)			32,000
Stock option exercise			$ 0
Common stock issued for restricted stock, net (in shares)			146,000
Common stock issued for restricted stock, net	0
Stock issued for NewPage acquisition	0	0
Stock issued for convertible warrants	0	0
Equity award expense	1	1			1	1
Common Stock, Shares, End of the Period at Jun. 30, 2014			53,425,000
Stockholders' Equity End of Period at Jun. 30, 2014	$ (549)		$ 1	$ 0	221		(760)		(11)
Treasury stock, Shares End of Period at Jun. 30, 2014				(98,000)
Member's Equity End of Period at Jun. 30, 2014		(543)				232		(764)		(11)
Common Stock, Shares, Beginning of the Period at Dec. 31, 2014	53,434,698		53,435,000
Stockholders' Equity Beginning of Period at Dec. 31, 2014	$ (784)		$ 1	$ 0	222		(980)		(27)
Treasury stock, Shares Beginning of Period at Dec. 31, 2014	(98,064)			(98,000)
Member's Equity Beginning of Period at Dec. 31, 2014		(780)				234		(987)		(27)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contribution from parent (Return of capital)		96				96
Net loss	$ (182)	(182)					(182)	(182)
Other comprehensive income	1	1							1	1
Treasury shares acquired (in shares)				(140,000)
Treasury shares acquired	(1)			$ (1)
Stock option exercise (in shares)			14,000
Stock option exercise	0		$ 0
Common stock issued for restricted stock, net (in shares)			317,000
Common stock issued for restricted stock, net	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
Common Stock, Shares, End of the Period at Jun. 30, 2015	82,075,543		82,075,000
Stockholders' Equity End of Period at Jun. 30, 2015	$ (869)		$ 1	$ (1)	$ 319		$ (1,162)		$ (26)
Treasury stock, Shares End of Period at Jun. 30, 2015	(238,289)			(238,000)
Member's Equity End of Period at Jun. 30, 2015		$ (864)				$ 331		$ (1,169)		$ (26)

UNAUDITED CONDENSED CONSOLIDAT7

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash Flows From Operating Activities:
Net cash used in operating activities	$ (185)	$ (68)
Cash Flows From Investing Activities:
Proceeds from sale of assets	51	0
Transfers from restricted cash, net	1	1
Capital expenditures	(25)	(27)
Acquisition, net of cash acquired	128	0
Acquisition of investment securities	(5)	0
Other investing activities	0	5
Net cash provided by (used in) investing activities	150	(21)
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities	526	188
Payments on revolving credit facilities	(483)	(100)
Debt issuance costs	0	(3)
Net cash provided by financing activities	43	85
Change in cash and cash equivalents	8	(4)
Cash and cash equivalents at beginning of period	6	11
Cash and cash equivalents at end of period	14	7
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	(10)	(1)
Increase in long-term debt from paid in kind (PIK) interest	1	0
VERSO PAPER HOLDINGS LLC
Cash Flows From Operating Activities:
Net cash used in operating activities	(185)	(68)
Cash Flows From Investing Activities:
Proceeds from sale of assets	51	0
Transfers from restricted cash, net	1	1
Capital expenditures	(25)	(27)
Acquisition, net of cash acquired	128	0
Acquisition of investment securities	(5)	0
Other investing activities	0	5
Net cash provided by (used in) investing activities	150	(21)
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities	526	188
Payments on revolving credit facilities	(483)	(100)
Debt issuance costs	0	(3)
Net cash provided by financing activities	43	85
Change in cash and cash equivalents	8	(4)
Cash and cash equivalents at beginning of period	6	11
Cash and cash equivalents at end of period	14	7
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	(10)	(1)
Increase in long-term debt from paid in kind (PIK) interest	$ 1	$ 0

BACKGROUND AND BASIS OF PRESENT

BACKGROUND AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 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 such, the Unaudited Condensed Consolidated Financial Statements for the three-month and six-month periods ended June 30, 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 June 30, 2015 , we had $2,684 million (see Note 6) 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 June 30, 2015 , $56 million was available for future borrowings under the Verso Holdings revolving credit facilities, and $117 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. The synergies and operational cost reductions are targeted in the areas of personnel expenses, raw materials costing and manufacturing efficiencies. We have established plans within each of these areas to meet these targets, including targeted dates for completion. If the integration of NewPage into our business is not completed within these expected time frames, 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, potentially including additional financing and/or sale of assets. 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, operational cost reductions and earnings enhancement initiatives expected to be achieved from the NewPage acquisition. Market conditions relating to pricing and customer demand considerations will also impact our future results of operations and liquidity. 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). Over the next twelve months through June 30, 2016, our projected principal and interest payments, based on June 30, 2015 borrowings and floating interest rates are approximately $300 million , of which $280 million is interest (approximately $20 million in the second and fourth quarters and approximately $120 million in the first and third quarters). For fiscal year 2016, in addition to similarly scheduled quarterly interest payments, we also have approximately $78 million in required principal payments due, with the majority occurring in the third quarter of that year. 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 the next twelve months. However, no assurance can be given 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 June 30, 2015 , and for the three-month and six-month periods ended June 30, 2015 and 2014 . The December 31, 2014 , Condensed Consolidated Balance Sheet data was derived from audited financial statements but it 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	6 Months Ended
	Jun. 30, 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 Unaudited 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, 2017 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 Unaudited 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 Unaudited 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 will continue to be reported as interest expense. The ASU is effective for periods beginning after December 15, 2015 with early adoption permitted. As of June 30, 2015, $ 21 million of net debt issuance costs were included in Intangibles and other assets in our Unaudited Condensed Consolidated Balance Sheet. Under the new guidance, the net debt issuance costs would reduce both our total other noncurrent assets and long-term debt. Other new accounting pronouncements issued but not effective until after June 30, 2015 , are not expected to have a significant effect on our Unaudited Condensed Consolidated Financial Statements.

SUPPLEMENTAL FINANCIAL STATEMEN

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, June 30, 2015 2014 2015 2014 Net loss available to common shareholders (in millions) $ (60 ) $ (42 ) $ (182 ) $ (133 ) Weighted average common shares outstanding (in thousands) 81,348 52,782 80,319 52,730 Weighted average restricted shares (in thousands) 415 541 403 526 Weighted average common shares outstanding - basic 81,763 53,323 80,722 53,256 Dilutive shares from stock options — — — — Weighted average common shares outstanding - diluted 81,763 53,323 80,722 53,256 Basic loss per share $ (0.73 ) $ (0.80 ) $ (2.25 ) $ (2.51 ) Diluted loss per share $ (0.73 ) $ (0.80 ) $ (2.25 ) $ (2.51 ) 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 and six-month periods ended June 30, 2015 , respectively, 7,640,051 and 7,133,581 weighted average potentially dilutive shares from stock options with weighted average exercise prices per share of $2.40 and $ 2.49 , respectively, 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 and six-month periods ended June 30, 2014 , respectively, 4,974,679 and 4,696,158 weighted average potentially dilutive shares from stock options with weighted average exercise prices per share of $2.45 and $ 2.42 , respectively, 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, 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 Unaudited Condensed Consolidated Balance Sheets (see Note 5 ). The following table summarizes our inventories by major category: June 30, December 31, (Dollars in millions) 2015 2014 Raw materials $ 105 $ 19 Work-in-process 69 9 Finished goods 304 62 Replacement parts and other supplies 81 20 Inventories $ 559 $ 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 six months ended June 30, 2015 , was primarily attributable to the assumption of the asset retirement obligation liabilities associated with landfills acquired in connection with the NewPage acquisition. On June 30, 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: Six Months Ended June 30, (Dollars in millions) 2015 2014 Asset retirement obligations, January 1 $ 8 $ 13 Accretion expense 1 — Liabilities assumed 9 — Adjustment to existing liabilities — (3 ) Asset retirement obligations, June 30 18 10 Less: Current portion (2 ) — Non-current portion of asset retirement obligations, June 30 $ 16 $ 10 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 of $1 million were capitalized for the three-month and six-month periods ended June 30, 2015 ; while $1 million of interest costs were capitalized for the three-month and six-month periods ended June 30, 2014 . Depreciation is computed using the straight-line method over the assets’ estimated useful lives. Depreciation expense was $63 million and $120 million for the three-month and six-month periods ended June 30, 2015 , respectively, compared to $25 million and $51 million for the three-month and six-month periods ended June 30, 2014 , respectively.

ACQUISITIONS AND DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS	6 Months Ended
	Jun. 30, 2015
Business Combinations [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 related to the NewPage acquisition during the three-month and six-month periods ended June 30, 2015 of $4 million and $14 million , respectively, which are included in Selling, general and administrative expenses in the accompanying Unaudited Condensed Consolidated Statements of Operations. For the three-month and six-month periods ended June 30, 2014 , Verso incurred transaction costs of $9 million and $19 million , respectively, related to the NewPage acquisition which were included in Other loss, net in the accompanying Unaudited Condensed Consolidated Statements of Operations. 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 577 Property, plant, and equipment 1,570 Other long-term assets 43 Current liabilities (276 ) Current portion of long-term debt (3 ) Noncurrent pension and other post-retirement benefit obligations (474 ) Other long-term liabilities (56 ) 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 June 30, 2015 . Verso is still in the process of verifying data and finalizing information related to the valuation of intangible assets, fixed assets, and pension obligations and expects to finalize these matters within the second half of 2015 as final asset and liability valuations are completed. 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. The operating results of NewPage are included in Verso’s financial statements from January 7, 2015 through June 30, 2015 . The determination of net sales and net loss attributable to the acquired operations during this period and included in Verso’s Unaudited 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 adjustments for the Bucksport sale have been made. Pro Forma Six Months Ended (Unaudited) June 30, (Dollars in millions, except per share data) 2015 2014 Revenues $ 1,616 $ 1,781 Net loss (162 ) (259 ) Earnings per share - basic and diluted $ (1.98 ) $ (3.18 ) Weighted-average common shares outstanding - basic and diluted (in thousands) 81,657 81,472 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	6 Months Ended
	Jun. 30, 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 June 30, December 31, June 30, December 31, (Dollars in millions) 2015 2014 2015 2014 Amortizable intangible assets: Customer relationships, net of accumulated amortization of $10 million on June 30, 2015, and $9 million 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 $21 million on June 30, 2015, and $19 million on December 31, 2014 21 23 21 23 Deferred major repair 29 21 29 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 81 57 105 80 Intangibles and other assets $ 125 $ 71 $ 149 $ 94 Amortization expense of intangibles was $1 million for each of the three-month and six-month periods ended June 30, 2015 , respectively. Amortization expense of intangibles was not material for the three-month and six-month periods ended June 30, 2014. The estimated future amortization expense for intangible assets over the next five years is as follows: (Dollars in millions) 2015 $ 1 2016 2 2017 2 2018 2 2019 2

DEBT

DEBT	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
DEBT	DEBT A summary of debt is as follows: June 30, 2015 December 31, 2014 Original Interest Par Par (Dollars in millions) Maturity Rate Balance Value Balance Value Verso Holdings Verso Androscoggin Power LLC Revolving 2/6/2015 — % $ — $ — $ 30 $ 30 Revolving Credit Facilities 5/4/2017 2.91 % 70 70 63 63 11.75% Senior Secured Notes - 2012 1/15/2019 11.75 % 424 418 424 418 11.75% Senior Secured Notes - 2015 1/15/2019 11.75 % 657 645 — — 11.75% Secured Notes 1/15/2019 11.75 % 272 272 272 272 13% Second Priority Senior Secured Notes 8/1/2020 13.00 % 273 178 299 299 16% Senior Subordinated Notes 8/1/2020 16.00 % 88 63 102 102 8.75% Second Priority Senior Secured Notes 2/1/2019 8.75 % 96 97 96 97 11.38% Senior Subordinated Notes 8/1/2016 11.38 % 41 41 41 41 Chase NMTC Verso Investment Fund LLC Loan from Verso Finance 12/29/2040 6.50 % 23 23 23 23 NewPage Corp Revolving Credit Facility 2/11/2019 2.51 % 166 166 — — Floating Rate Senior Secured Term Loan 2/11/2021 9.50 % 706 734 — — Total debt for Verso Holdings $ 2,816 $ 2,707 $ 1,350 $ 1,345 Verso Finance Loan from Verso Holdings 12/29/2040 6.50 % 23 23 23 23 Less current maturities of long-term debt (22 ) (22 ) (30 ) (30 ) Less loans from affiliates (46 ) (46 ) (46 ) (46 ) Total long-term debt for Verso $ 2,771 $ 2,662 $ 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 June 30, 2015 , the fair value of Verso’s total debt was $1,629 million , and the fair value of Verso Holdings’ total debt was $1,652 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 Three Months Ended Six Months Ended June 30, June 30, (Dollars in thousands) 2015 2014 2015 2014 Interest expense $ 66 $ 34 $ 131 $ 68 Cash interest paid 20 1 105 67 Debt issuance cost amortization (1) 1 3 2 4 VERSO HOLDINGS Three Months Ended Six Months Ended June 30, June 30, (Dollars in thousands) 2015 2014 2015 2014 Interest expense $ 67 $ 34 $ 132 $ 68 Cash interest paid 21 2 106 68 Debt issuance cost amortization (1) 1 3 2 4 (1) Amortization of debt issuance cost is included in interest expense. Verso Holdings Revolving Credit Facilities. In 2012, Verso Holdings’ entered into revolving credit facilities consisting of a $150 million asset-based loan facility, or “ABL Facility,” and a $50 million cash-flow facility, or “Cash Flow Facility.” Verso Holdings’ ABL Facility had $65 million outstanding, $30 million in letters of credit issued, and $11 million available for future borrowing as of June 30, 2015 . Verso Holdings’ Cash Flow Facility had $5 million outstanding balance, no letters of credit issued, and $45 million available for future borrowing as of June 30, 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 June 30, 2015 , the weighted-average interest rate on outstanding advances was 2.91% . 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 each of the revolving credit facilities is guaranteed, jointly and severally, by Verso Finance and each of Verso Holdings’ subsidiaries, subject to certain exceptions, and the indebtedness and guarantees are senior secured obligations of Verso Holdings and the guarantors, respectively. 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 2012 First Lien Notes and the 2015 First Lien Notes (each as defined below) 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 , and in 2013, Verso Holdings issued an additional $73 million aggregate principal amount of its 11.75% Senior Secured Notes due 2019 to certain lenders holding approximately $86 million aggregate principal amount of Verso Finance’s senior unsecured term loans, in exchange for the cancellation of such loans. The 11.75% Senior Secured Notes due 2019 issued in 2012 and 2013 constitute one class of securities and are referred to herein as the “2012 First Lien Notes.” The 2012 First Lien Notes bear interest, payable semi-annually, at the rate of 11.75% per year. The 2012 First Lien Notes are guaranteed, jointly and severally, on a senior secured basis, by each of Verso Holdings’ existing domestic subsidiaries that guarantee the ABL Facility and the Cash Flow Facility and by each of its future domestic subsidiaries that guarantees certain of its debt or issues disqualified stock. The 2012 First Lien Notes and related guarantees are senior secured obligations of Verso Holdings and the guarantors, respectively. The 2012 First Lien 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 2012 First Lien 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 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 guarantee the ABL Facility and the Cash Flow 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, 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 2015 First Lien Notes will mature on January 15, 2019 . 11.75% Secured Notes due 2019. In 2012, Verso Holdings issued $272 million aggregate principal amount of 11.75% Secured Notes due 2019, or the “1.5 Lien Notes”. The 1.5 Lien Notes bear interest, payable semi-annually, at the rate of 11.75% per year. The 1.5 Lien Notes are guaranteed, jointly and severally, by each of Verso Holdings’ existing domestic subsidiaries that guarantee the ABL Facility and the Cash Flow Facility and by each of its future domestic subsidiaries that guarantees certain of its debt or issues disqualified stock. The 1.5 Lien Notes and related guarantees are senior secured obligations of Verso Holdings and the guarantors, respectively. The 1.5 Lien Notes and related guarantees are secured by security interests, subject to permitted liens, in substantially all of Verso Holdings’ and the guarantors’ tangible and intangible assets. The 1.5 Lien Notes and related guarantees are secured by liens that rank junior to those securing the obligations under the ABL Facility, the Cash Flow Facility, the 2012 First Lien Notes and the 2015 First Lien Notes and rank senior to those securing the New Second Lien Notes (as defined below). The 1.5 Lien Notes will mature on January 15, 2019 . 13% Second Priority Senior Secured Notes due 2020. On July 2, 2014, Verso Holdings commenced an offer to exchange any and all of the Verso Holdings’ outstanding 8.75% Second Priority Senior Secured Notes due 2019, or “Old Second Lien Notes,” for Second Priority Adjustable Senior Secured Notes, or “New 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 New 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. The New Second Lien Notes and related guarantees are secured by liens that rank junior to those securing the obligations under the ABL Facility, the Cash Flow Facility, the 2012 First Lien Notes, the 2015 First Lien Notes and the 1.5 Lien Notes. On January 7, 2015, in connection with the consummation of the NewPage acquisition, the provisions of the New Second Lien Notes were adjusted as follows: (a) the principal amount was adjusted such that a holder of $1,000 principal amount of New Second Lien Notes immediately prior to the NewPage acquisition now holds $593.75 principal amount of New Second Lien Notes (and any adjusted New Second Lien Notes that did not bear an authorized denomination was rounded down); (b) the maturity date was extended from February 1, 2019, to August 1, 2020; (c) the interest rate was adjusted such that the New Second Lien Notes bear interest, payable semi-annually, from and after January 7, 2015 at a rate of 10% per year payable entirely in cash plus 3% per year payable entirely by increasing the principal amount of the outstanding New Second Lien Notes or by issuing additional New Second Lien Notes, as compared to an interest rate of 8.75% per year prior to such adjustment; (d) the optional redemption provisions were adjusted as provided in the indenture governing the New Second Lien Notes; and (e) certain other terms and conditions of the New Second Lien Notes were modified as set forth in the indenture governing New Second Lien Notes. As a result of the principal adjustment, the outstanding principal amount of the New Second Lien Notes was reduced by approximately $121 million from approximately $299 million before January 7, 2015, to approximately $178 million afterwards. 8.75% Second Priority Senior Secured Notes due 2019 . In 2011, Verso Holdings issued $396 million aggregate principal amount of Old Second Lien Notes. 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 New Second Lien Notes and approximately 9.3 million Warrants in the Second Lien Notes Exchange Offer. Following the settlement of the Second Lien Notes Exchange Offer, approximately $97 million aggregate principal amount of the Old Second Lien Notes remain outstanding. The Old Second Lien Notes bear interest, payable semi-annually, at the rate of 8.75% per year. The Old Second Lien Notes are guaranteed, jointly and severally, by each of Verso Holdings’ existing domestic subsidiaries that guaranteed the ABL Facility and the Cash Flow Facility as of the Second Lien Notes Exchange Offer, subject to certain exceptions. The Old Second Lien Notes and related guarantees are senior unsecured obligations of Verso Holdings and the guarantors, respectively. The Old Second Lien Notes will mature on February 1, 2019 . 16% Senior Subordinated Notes due 2020. On July 2, 2014, Verso Holdings also commenced an offer to exchange any and all of Verso Holdings’ outstanding 11.38% Senior Subordinated Notes due 2016, or “Old Subordinated Notes” for Adjustable Senior Subordinated Notes, or “New 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 New 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 New Subordinated Notes were adjusted as follows: (a) the principal amount was adjusted such that a holder of $1,000 principal amount of New Subordinated Notes immediately prior to the NewPage acquisition now holds $620 principal amount of New Subordinated Notes (and any adjusted New Subordinated Notes that did not bear an authorized denomination have been rounded down); (b) the maturity date of the New Subordinated Notes was extended from August 1, 2016, to August 1, 2020; (c) the interest rate has been adjusted such that the New Subordinated Notes bear interest from and after the January 7, 2015 at a rate of 11% per year payable entirely in cash plus 5% per year payable entirely by increasing the principal amount of the outstanding New Subordinated Notes or by issuing additional New Subordinated Notes, as compared to an interest rate of 11.38% per year prior to such adjustment; (d) the optional redemption provisions were adjusted as provided in the indenture governing the New Subordinated Notes; and (e) certain other terms and conditions of the New Subordinated Notes were modified as set forth in the indenture governing the New Subordinated Notes. As a result of the principal adjustment, the outstanding principal amount of the New Subordinated Notes was reduced by approximately $39 million from approximately $102 million before January 7, 2015, to approximately $63 million afterwards. 11.38% Senior Subordinated Notes due 2016 . In 2006, Verso Holdings issued $300 million aggregate principal amount of Old Subordinated Notes. On August 1, 2014, approximately $102 million aggregate principal amount of the Old Subordinated Notes were tendered and accepted in exchange for a like amount of New Subordinated Notes and approximately 5.4 million Warrants in the Subordinated Notes Exchange Offer. Following the settlement of the Subordinated Notes Exchange Offer, approximately $41 million aggregate principal amount of the Old Subordinated Notes remain outstanding. The Old Subordinated Notes bear interest, payable semi-annually, at the rate of 11.38% per year. The Old Subordinated Notes are guaranteed, jointly and severally, by each of Verso Holdings’ existing domestic subsidiaries that guarantee the ABL Facility and Cash Flow Facility, as of the Subordinated Notes Exchange Offer. subject to certain exceptions. The Old Subordinated Notes and related guarantees are senior subordinated unsecured obligations of Verso Holdings and the guarantors, respectively. The Old Subordinated Notes will mature on August 1, 2016 . In connection with the Second Lien Notes Exchange Offer and the Subordinated Notes Exchange Offer, on August 1, 2014, Verso Holdings 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. Loan from Verso Paper Finance Holdings LLC/ Verso Paper Holdings LLC . In 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. 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. Loan from NewPage Corp. On July 14, 2015, NewPage Corp entered into a $60 million inter-company revolving credit facility with VAP. The loan bears interest at a floating eurocurrency rate plus a 4.75% margin, matures on January 6, 2018, and is guaranteed by Verso Maine Power Holdings LLC, or “VMPH,” with such guaranty being secured by a pledge of VMPH’s member interest in VAP. As of August 7, 2015, the outstanding balance on the loan was $29 million . We have used the borrowings under the credit facility for working capital and other general corporate purposes. 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.” As of June 30, 2015 , the NewPage ABL Facility had $166 million outstanding balance, $56 million letters of credit issued, and $117 million available for future borrowing. Amounts drawn under the NewPage ABL Facility bear a floating rate based on a margin over a base rate or eurocurrency rate. As of June 30, 2015 , the weighted-average interest rate on outstanding advances was 2.51% . NewPage Corp 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 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 “NewPage Term Loan Priority Collateral.” The NewPage ABL Facility will mature on February 11, 2019 . The issuers and guarantors of Verso Holdings’ debt securities and the borrower and guarantors of Verso Holdings’ 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 Holdings’ 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.” Amounts drawn under the Term Loan Facility bear annual interest at either the LIBOR rate plus a margin of 8.25% per year or at a base rate plus a margin of 7.25% per year. The interest in effect for the Term Loan Facility at June 30, 2015 was 9.50% per year. The security interest with respect to the Term Loan Facility consists of a first-priority lien with respect to the NewPage 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 Corp 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 Term Loan Facility will mature on February 11, 2021. The issuers and guarantors of Verso Holdings’ debt securities and the borrower and guarantors of Verso Holdings’ credit facilities do not guarantee the obligations under the Term Loan Facility, and the borrower and the guarantors under the Term Loan Facility do not guarantee the obligations under Verso Holdings’ debt securities and credit facilities. As of June 30, 2015 , both Verso Holdings and NewPage were in compliance with the covenants in our respective debt agreements.

RETIREMENT AND OTHER POSTRETIRE

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS PLANS	6 Months Ended
	Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]
RETIREMENT AND OTHER POSTRETIREMENT BENEFITS PLANS	RETIREMENT AND OTHER POSTRETIREMENT BENEFIT 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 and six-month periods ended June 30, 2015 and 2014 : Three Months Ended Six Months Ended June 30, June 30, (Dollars in millions) 2015 2014 2015 2014 Service cost $ 3 $ 1 $ 6 $ 3 Interest cost 16 1 32 2 Expected return on plan assets (21 ) (1 ) (41 ) (2 ) Amortization of actuarial loss 1 — 1 — Net periodic benefit cost $ (1 ) $ 1 $ (2 ) $ 3 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.” For the three-month and six-month periods ended June 30, 2015 , we made contributions to the pension plans of approximately $6 million and $13 million , respectively. We expect to make cash contributions of approximately $16 million to the pension plans in the remainder of 2015. For the three-month and six-month periods ended June 30, 2014 , we made contributions to the pension plans of approximately $2 million . 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. The following table summarizes the components of net periodic benefit cost of our OPEB obligations for the three-month and six-month periods ended June 30, 2015 : Three Months Ended Six Months Ended June 30, June 30, (Dollars in millions) 2015 2015 Service cost $ — $ — Interest cost 1 1 Net periodic benefit cost $ 1 $ 1

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGES	6 Months Ended
	Jun. 30, 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: June 30, 2015 December 31, 2014 Fair Value Assets/(Liabilities) Fair Value Assets/(Liabilities) (Dollars in millions) MMBTUs MMBTUs Derivative contracts not currently designated as hedging instruments: Fixed price energy swaps: Notional amount 3,540,000 1,876,475 Accrued liabilities $ (3 ) $ (6 ) 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 June 30, Six Months Ended June 30, (Dollars in millions) 2015 2014 2015 2014 Derivative contracts not currently designated as hedging instruments: Fixed price energy swaps $ — $ — $ (2 ) $ 12 Gain (loss) recognized on derivatives is included in Cost of products sold.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 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 June 30, 2015 Assets: Investments related to deferred compensation plans $ 4 $ 4 $ — $ — Liabilities: Commodity swaps $ 3 $ — $ 3 $ — 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	6 Months Ended
	Jun. 30, 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 and six-month periods ended June 30, 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 June 30, 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. For both the three-month period ended June 30, 2015 and 2014 , Verso Holdings recognized immaterial interest income from Verso Finance and the Investment Fund recognized immaterial interest expense to Verso Finance; while for both the six-month period ended June 30, 2015 and 2014 , Verso Holdings recognized $ 1 million interest income from Verso Finance and the Investment Fund recognized immaterial interest expense to Verso Finance.

RESTRUCTURING CHARGES

RESTRUCTURING CHARGES	6 Months Ended
	Jun. 30, 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 Unaudited Condensed Consolidated Statements of Operations: Three Months Ended Six Months Ended June 30, June 30, (Dollars in millions) 2015 2015 Cumulative Property and equipment $ — $ — $ 89 Severance and benefit costs 2 2 29 Write-off of spare parts and inventory — — 14 Write-off of purchase obligations and commitments — 6 8 Other miscellaneous costs 1 4 7 Total restructuring costs $ 3 $ 12 $ 147 The following details the changes in our restructuring reserve liabilities related to the Bucksport shutdown during the six months ended June 30, 2015 , which are included in Accrued liabilities on our Unaudited Condensed Consolidated Balance Sheets: Six Months Ended June 30, (Dollars in millions) 2015 Beginning balance of reserve $ 24 Severance and benefit payments (24 ) Purchase obligations 6 Payments on purchase obligations (7 ) Severance and benefit reserve adjustments 2 Ending balance of reserve $ 1 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 and six-month periods ended June 30, 2015 , we incurred restructuring charges related to severance and benefit costs associated with the restructuring of our operations of $3 million and $16 million , respectively. The restructuring charges attributable to the paper segment were $3 million for the three-month period ended June 30, 2015 and $15 million for the six-month period ended June 30, 2015 . The following details the changes in our restructuring reserve liabilities related to the NewPage acquisition during the six months ended June 30, 2015 , which are included in Accrued liabilities on our Condensed Consolidated Balance Sheets: Six Months Ended June 30, (Dollars in millions) 2015 Beginning balance of reserve $ — Severance and benefit costs 16 Severance and benefit payments (5 ) Ending balance of reserve $ 11 There were no restructuring costs incurred during the six months ended June 30, 2014 .

NEW MARKET TAX CREDIT ENTITIES

NEW MARKET TAX CREDIT ENTITIES	6 Months Ended
	Jun. 30, 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 Unaudited 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 June 30, 2015 , and December 31, 2014 : VERSO VERSO HOLDINGS June 30, December 31, June 30, 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 Unaudited Condensed Consolidated Balance Sheets and the table above are adjusted for intercompany eliminations.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 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 SEGMENT

INFORMATION BY INDUSTRY SEGMENT	6 Months Ended
	Jun. 30, 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 Unaudited Condensed Consolidated Statements 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 and six-month periods ended June 30, 2015 and 2014 : Three Months Ended Six Months Ended June 30, June 30, (Dollars in millions) 2015 2014 2015 2014 Net sales Paper $ 723 $ 275 $ 1,471 $ 538 Pulp 72 46 135 82 Intercompany Eliminations (17 ) — (22 ) — Total $ 778 $ 321 $ 1,584 $ 620 Operating income (loss) Paper $ 12 $ (5 ) $ (32 ) $ (56 ) Pulp (7 ) 8 (19 ) 12 Total $ 5 $ 3 $ (51 ) $ (44 ) Depreciation, amortization, and depletion Paper $ 55 $ 21 $ 106 $ 42 Pulp 9 4 15 9 Total $ 64 $ 25 $ 121 $ 51 Capital expenditures Paper $ 14 $ 9 $ 21 $ 22 Pulp 2 2 4 5 Total $ 16 $ 11 $ 25 $ 27 Certain amounts in the prior year presentation have been reclassified to conform to the current year presentation.

CONDENSED CONSOLIDATING FINANCI

CONDENSED CONSOLIDATING FINANCIAL INFORMATION	6 Months Ended
	Jun. 30, 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 Unaudited 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 June 30, 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 Non-Guarantors.” Verso Paper Holdings LLC Condensed Consolidating Balance Sheet June 30, 2015 Parent Subsidiary Guarantor Non- Guarantor Other Non-Guarantors (Dollars in millions) Issuer Issuer Subsidiaries Subsidiary Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ — $ 6 $ 8 $ — $ — $ 14 Accounts receivable, net — — 73 174 — — 247 Current intercompany/affiliate receivable — — 8 20 — (28 ) — Inventories — — 119 440 — — 559 Prepaid expenses and other assets — — 5 13 — — 18 Total current assets — — 211 655 — (28 ) 838 Property, plant, and equipment, net — — 483 1,500 23 — 2,006 Intercompany/affiliate receivable 1,399 — 4 — 31 (1,434 ) — Intangibles and other assets, net (1) — — 85 68 1 (5 ) 149 Total assets $ 1,399 $ — $ 783 $ 2,223 $ 55 $ (1,467 ) $ 2,993 LIABILITIES AND MEMBER’S EQUITY Accounts payable $ — $ — $ 46 $ 146 $ — $ — $ 192 Current intercompany/affiliate payable — — 20 8 — (28 ) — Accrued liabilities 93 — 53 144 — — 290 Current maturities of long-term debt — — — 22 — — 22 Total current liabilities 93 — 119 320 — (28 ) 504 Intercompany/affiliate payable — — 1,399 — 35 (1,434 ) — Investment in subsidiaries 244 — 14 — — (258 ) — Long-term debt (2) 1,926 — 850 23 (5 ) 2,794 Other liabilities — — 52 499 8 — 559 Member’s (deficit) equity (864 ) — (801 ) 554 (11 ) 258 (864 ) Total liabilities and equity $ 1,399 $ — $ 783 $ 2,223 $ 55 $ (1,467 ) $ 2,993 (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 Other Non-Guarantors is payable to Verso Finance. Verso Paper Holdings LLC Condensed Consolidating Balance Sheet December 31, 2014 Parent Subsidiary Guarantor Non- Guarantor Other Non-Guarantors (Dollars in millions) Issuer Issuer Subsidiaries Subsidiary 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 Total 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 Total 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 Other Non-Guarantors 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 June 30, 2015 Parent Subsidiary Guarantor Non- Other Non-Guarantors (Dollars in millions) Issuer Issuer Subsidiaries Subsidiary Eliminations Consolidated Net sales $ — $ — $ 245 $ 550 $ — $ (17 ) $ 778 Cost of products sold (exclusive of depreciation, amortization, and depletion) — — 207 467 — (17 ) 657 Depreciation, amortization, and depletion — — 16 47 1 — 64 Selling, general, and administrative expenses — — 24 23 (1 ) — 46 Restructuring charges — — 2 4 — — 6 Other operating income — — (24 ) 24 — — — Interest income (48 ) — (1 ) — — 48 (1 ) Interest expense 48 — 47 21 — (48 ) 68 Equity in net loss of subsidiaries (60 ) — — — — 60 — Loss before income taxes $ (60 ) $ — $ (26 ) $ (36 ) $ — $ 60 $ (62 ) Income tax benefit — — — (2 ) — — (2 ) Net loss $ (60 ) $ — $ (26 ) $ (34 ) $ — $ 60 $ (60 ) Other comprehensive income 1 — 1 — — (1 ) 1 Comprehensive loss $ (59 ) $ — $ (25 ) $ (34 ) $ — $ 59 $ (59 ) Verso Paper Holdings LLC Condensed Consolidating Statements of Operations and Comprehensive Income Six Months Ended June 30, 2015 Parent Subsidiary Guarantor Non- Guarantor Other Non-Guarantors (Dollars in millions) Issuer Issuer Subsidiaries Subsidiary Eliminations Consolidated Net sales $ — $ — $ 503 $ 1,103 $ 1 $ (23 ) $ 1,584 Cost of products sold (exclusive of depreciation, amortization, and depletion) — — 446 962 — (23 ) 1,385 Depreciation, amortization, and depletion — — 33 87 1 — 121 Selling, general, and administrative expenses — — 51 51 (1 ) — 101 Restructuring charges — — 17 11 — — 28 Other operating income — — (36 ) 36 — — — Interest income (95 ) — (1 ) — — 95 (1 ) Interest expense 95 — 94 39 1 (95 ) 134 Other loss, net — — — — — — — Equity in net loss of subsidiaries (182 ) — — — — 182 — Loss before income taxes $ (182 ) $ — $ (101 ) $ (83 ) $ — $ 182 $ (184 ) Income tax benefit — — — (2 ) — — (2 ) Net loss $ (182 ) $ — $ (101 ) $ (81 ) $ — $ 182 $ (182 ) Other comprehensive income 1 — 1 — — (1 ) 1 Comprehensive loss $ (181 ) $ — $ (100 ) $ (81 ) $ — $ 181 $ (181 ) Verso Paper Holdings LLC Condensed Consolidating Statements of Operations and Comprehensive Income Three Months Ended June 30, 2014 Parent Subsidiary Guarantor Non- Other Non-Guarantors (Dollars in millions) Issuer Issuer Subsidiaries Subsidiary Eliminations Consolidated Net sales $ — $ — $ 321 $ — $ 1 $ (1 ) $ 321 Cost of products sold (exclusive of depreciation, amortization, and depletion) — — 277 — — (1 ) 276 Depreciation, amortization, and depletion — — 24 — 1 — 25 Selling, general, and administrative expenses — — 18 — (1 ) — 17 Interest income (35 ) — (1 ) — (1 ) 36 (1 ) Interest expense 35 — 35 — 3 (36 ) 37 Other loss, net — — 9 — — — 9 Equity in net loss of subsidiaries (42 ) — — — — 42 — Net loss $ (42 ) $ — $ (41 ) $ — $ (1 ) $ 42 $ (42 ) Other comprehensive income — — — — — — — Comprehensive loss $ (42 ) $ — $ (41 ) $ — $ (1 ) $ 42 $ (42 ) 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 Six Months Ended June 30, 2014 Parent Subsidiary Guarantor Non- Guarantor Other Non-Guarantors (Dollars in millions) Issuer Issuer Subsidiaries Subsidiary Eliminations Consolidated Net sales $ — $ — $ 620 $ — $ 1 $ (1 ) $ 620 Cost of products sold (exclusive of depreciation, amortization, and depletion) — — 579 — — (1 ) 578 Depreciation, amortization, and depletion — — 50 — 1 — 51 Selling, general, and administrative expenses — — 36 — (1 ) — 35 Interest income (70 ) — (1 ) — (1 ) 71 (1 ) Interest expense 70 — 69 — 3 (71 ) 71 Other loss, net — — 19 — — — 19 Equity in net loss of subsidiaries (133 ) — — — — 133 — Net loss $ (133 ) $ — $ (132 ) $ — $ (1 ) $ 133 $ (133 ) Other comprehensive income — — — — — — — Comprehensive loss $ (133 ) $ — $ (132 ) $ — $ (1 ) $ 133 $ (133 ) 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 Six Months Ended June 30, 2015 Parent Subsidiary Guarantor Non- Other Non-Guarantors (Dollars in millions) Issuer Issuer Subsidiaries Subsidiary Eliminations Consolidated Net cash used in operating activities $ — $ — $ (93 ) $ (92 ) $ — $ — $ (185 ) Cash flows from investing activities: Proceeds from sale of assets — — 50 1 — — 51 Transfers from (to) restricted cash — — — — 1 — 1 Capital expenditures — — (8 ) (17 ) — — (25 ) Acquisition, net of cash acquired — — — 128 — — 128 Investment in parent securities — — — (5 ) — — (5 ) Return of capital to Parent Issuer 73 — — — — (73 ) — Advances to subsidiaries (221 ) — — — — 221 — Payments from subsidiaries 141 — — — — (141 ) — Net cash (used in) provided by investing activities (7 ) — 42 107 1 7 150 Cash flows from financing activities: Borrowings on revolving credit facilities 116 — — 410 — — 526 Payments on revolving credit facilities (109 ) — — (344 ) (30 ) — (483 ) Return of capital to Parent Issuer — — — (73 ) — 73 — Advances from parent — — 191 — 30 (221 ) — Payments to parent — — (140 ) — (1 ) 141 — Net cash provided by (used in) financing activities 7 — 51 (7 ) (1 ) (7 ) 43 Change in cash and cash equivalents — — — 8 — — 8 Cash and cash equivalents at beginning of period — — 6 — — — 6 Cash and cash equivalents at end of period $ — $ — $ 6 $ 8 $ — $ — $ 14 Verso Paper Holdings LLC Condensed Consolidating Statements of Cash Flows Six Months Ended June 30, 2014 Parent Subsidiary Guarantor Non-Guarantor Other Non-Guarantors (Dollars in millions) Issuer Issuer Subsidiaries Subsidiary Eliminations Consolidated Net cash used in operating activities $ — $ — $ (69 ) $ — $ 1 $ — $ (68 ) Cash flows from investing activities: Transfers from (to) restricted cash — — 2 — (1 ) — 1 Capital expenditures — — (27 ) — — — (27 ) Other investing activities — — 5 — — — 5 Advances to subsidiaries (185 ) — — — — 185 — Payments from subsidiaries 117 — — — — (117 ) — Net cash used in investing activities (68 ) — (20 ) — (1 ) 68 (21 ) Cash flows from financing activities: Borrowings on revolving credit facilities 168 — — — 20 — 188 Payments on revolving credit facilities (100 ) — — — — — (100 ) Debt issuance costs — — — — (3 ) — (3 ) Advances from parent — — 185 — — (185 ) — Payments to parent — — (101 ) — (16 ) 117 — Net cash provided by financing activities 68 — 84 — 1 (68 ) 85 Change in cash and cash equivalents — — (4 ) — — — (4 ) Cash and cash equivalents at beginning of period — — 11 — — — 11 Cash and cash equivalents at end of period $ — $ — $ 7 $ — $ — $ — $ 7 Certain amounts in the prior year presentation have been reclassified to conform to the current year presentation.

SUPPLEMENTAL FINANCIAL STATEM23

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended June 30, June 30, 2015 2014 2015 2014 Net loss available to common shareholders (in millions) $ (60 ) $ (42 ) $ (182 ) $ (133 ) Weighted average common shares outstanding (in thousands) 81,348 52,782 80,319 52,730 Weighted average restricted shares (in thousands) 415 541 403 526 Weighted average common shares outstanding - basic 81,763 53,323 80,722 53,256 Dilutive shares from stock options — — — — Weighted average common shares outstanding - diluted 81,763 53,323 80,722 53,256 Basic loss per share $ (0.73 ) $ (0.80 ) $ (2.25 ) $ (2.51 ) Diluted loss per share $ (0.73 ) $ (0.80 ) $ (2.25 ) $ (2.51 )
Inventories by Major Category	nventories by major category: June 30, December 31, (Dollars in millions) 2015 2014 Raw materials $ 105 $ 19 Work-in-process 69 9 Finished goods 304 62 Replacement parts and other supplies 81 20 Inventories $ 559 $ 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: Six Months Ended June 30, (Dollars in millions) 2015 2014 Asset retirement obligations, January 1 $ 8 $ 13 Accretion expense 1 — Liabilities assumed 9 — Adjustment to existing liabilities — (3 ) Asset retirement obligations, June 30 18 10 Less: Current portion (2 ) — Non-current portion of asset retirement obligations, June 30 $ 16 $ 10

ACQUISITIONS AND DISPOSITIONS A

ACQUISITIONS AND DISPOSITIONS Acquisitions and Depositions (Tables)	6 Months Ended
	Jun. 30, 2015
Business Combinations [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 $650 million face value New First Lien Notes valued at January 7, 2015 closing price 663 Accounting consideration $ 709
Schedule of purchase price allocation	The preliminary allocation of the purchase price is as follows: (Dollars in millions) Cash $ 128 Current assets, excluding cash 577 Property, plant, and equipment 1,570 Other long-term assets 43 Current liabilities (276 ) Current portion of long-term debt (3 ) Noncurrent pension and other post-retirement benefit obligations (474 ) Other long-term liabilities (56 ) Long-term debt (800 ) Net assets acquired $ 709
Pro forma information	Pro Forma Six Months Ended (Unaudited) June 30, (Dollars in millions, except per share data) 2015 2014 Revenues $ 1,616 $ 1,781 Net loss (162 ) (259 ) Earnings per share - basic and diluted $ (1.98 ) $ (3.18 ) Weighted-average common shares outstanding - basic and diluted (in thousands) 81,657 81,472

INTANGIBLES AND OTHER ASSETS (T

INTANGIBLES AND OTHER ASSETS (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangibles and Other Assets	The following table summarizes intangibles and other assets: VERSO VERSO HOLDINGS June 30, December 31, June 30, December 31, (Dollars in millions) 2015 2014 2015 2014 Amortizable intangible assets: Customer relationships, net of accumulated amortization of $10 million on June 30, 2015, and $9 million 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 $21 million on June 30, 2015, and $19 million on December 31, 2014 21 23 21 23 Deferred major repair 29 21 29 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 81 57 105 80 Intangibles and other assets $ 125 $ 71 $ 149 $ 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 $ 1 2016 2 2017 2 2018 2 2019 2

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Summary of Debt	A summary of debt is as follows: June 30, 2015 December 31, 2014 Original Interest Par Par (Dollars in millions) Maturity Rate Balance Value Balance Value Verso Holdings Verso Androscoggin Power LLC Revolving 2/6/2015 — % $ — $ — $ 30 $ 30 Revolving Credit Facilities 5/4/2017 2.91 % 70 70 63 63 11.75% Senior Secured Notes - 2012 1/15/2019 11.75 % 424 418 424 418 11.75% Senior Secured Notes - 2015 1/15/2019 11.75 % 657 645 — — 11.75% Secured Notes 1/15/2019 11.75 % 272 272 272 272 13% Second Priority Senior Secured Notes 8/1/2020 13.00 % 273 178 299 299 16% Senior Subordinated Notes 8/1/2020 16.00 % 88 63 102 102 8.75% Second Priority Senior Secured Notes 2/1/2019 8.75 % 96 97 96 97 11.38% Senior Subordinated Notes 8/1/2016 11.38 % 41 41 41 41 Chase NMTC Verso Investment Fund LLC Loan from Verso Finance 12/29/2040 6.50 % 23 23 23 23 NewPage Corp Revolving Credit Facility 2/11/2019 2.51 % 166 166 — — Floating Rate Senior Secured Term Loan 2/11/2021 9.50 % 706 734 — — Total debt for Verso Holdings $ 2,816 $ 2,707 $ 1,350 $ 1,345 Verso Finance Loan from Verso Holdings 12/29/2040 6.50 % 23 23 23 23 Less current maturities of long-term debt (22 ) (22 ) (30 ) (30 ) Less loans from affiliates (46 ) (46 ) (46 ) (46 ) Total long-term debt for Verso $ 2,771 $ 2,662 $ 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 Three Months Ended Six Months Ended June 30, June 30, (Dollars in thousands) 2015 2014 2015 2014 Interest expense $ 66 $ 34 $ 131 $ 68 Cash interest paid 20 1 105 67 Debt issuance cost amortization (1) 1 3 2 4 VERSO HOLDINGS Three Months Ended Six Months Ended June 30, June 30, (Dollars in thousands) 2015 2014 2015 2014 Interest expense $ 67 $ 34 $ 132 $ 68 Cash interest paid 21 2 106 68 Debt issuance cost amortization (1) 1 3 2 4 (1) Amortization of debt issuance cost is included in interest expense.

RETIREMENT AND OTHER POSTRETI27

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS PLANS (Tables)	6 Months Ended
	Jun. 30, 2015
Defined Benefit Plan Disclosure [Line Items]
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 and six-month periods ended June 30, 2015 and 2014 : Three Months Ended Six Months Ended June 30, June 30, (Dollars in millions) 2015 2014 2015 2014 Service cost $ 3 $ 1 $ 6 $ 3 Interest cost 16 1 32 2 Expected return on plan assets (21 ) (1 ) (41 ) (2 ) Amortization of actuarial loss 1 — 1 — Net periodic benefit cost $ (1 ) $ 1 $ (2 ) $ 3
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Components of Net Periodic Benefit Cost	The following table summarizes the components of net periodic benefit cost of our OPEB obligations for the three-month and six-month periods ended June 30, 2015 : Three Months Ended Six Months Ended June 30, June 30, (Dollars in millions) 2015 2015 Service cost $ — $ — Interest cost 1 1 Net periodic benefit cost $ 1 $ 1

DERIVATIVE INSTRUMENTS AND HE28

DERIVATIVE INSTRUMENTS AND HEDGES (Tables)	6 Months Ended
	Jun. 30, 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: June 30, 2015 December 31, 2014 Fair Value Assets/(Liabilities) Fair Value Assets/(Liabilities) (Dollars in millions) MMBTUs MMBTUs Derivative contracts not currently designated as hedging instruments: Fixed price energy swaps: Notional amount 3,540,000 1,876,475 Accrued liabilities $ (3 ) $ (6 )
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 June 30, Six Months Ended June 30, (Dollars in millions) 2015 2014 2015 2014 Derivative contracts not currently designated as hedging instruments: Fixed price energy swaps $ — $ — $ (2 ) $ 12 Gain (loss) recognized on derivatives is included in Cost of products sold.

FAIR VALUE OF FINANCIAL INSTR29

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2015 Assets: Investments related to deferred compensation plans $ 4 $ 4 $ — $ — Liabilities: Commodity swaps $ 3 $ — $ 3 $ — 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)	6 Months Ended
	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
Charges Incurred Related to Shutdown	Three Months Ended Six Months Ended June 30, June 30, (Dollars in millions) 2015 2015 Cumulative Property and equipment $ — $ — $ 89 Severance and benefit costs 2 2 29 Write-off of spare parts and inventory — — 14 Write-off of purchase obligations and commitments — 6 8 Other miscellaneous costs 1 4 7 Total restructuring costs $ 3 $ 12 $ 147
Schedule of Restructuring Reserve by Type of Cost	The following details the changes in our restructuring reserve liabilities related to the NewPage acquisition during the six months ended June 30, 2015 , which are included in Accrued liabilities on our Condensed Consolidated Balance Sheets: Six Months Ended June 30, (Dollars in millions) 2015 Beginning balance of reserve $ — Severance and benefit costs 16 Severance and benefit payments (5 ) Ending balance of reserve $ 11 The following details the changes in our restructuring reserve liabilities related to the Bucksport shutdown during the six months ended June 30, 2015 , which are included in Accrued liabilities on our Unaudited Condensed Consolidated Balance Sheets: Six Months Ended June 30, (Dollars in millions) 2015 Beginning balance of reserve $ 24 Severance and benefit payments (24 ) Purchase obligations 6 Payments on purchase obligations (7 ) Severance and benefit reserve adjustments 2 Ending balance of reserve $ 1

NEW MARKET TAX CREDIT ENTITIES

NEW MARKET TAX CREDIT ENTITIES (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2015 , and December 31, 2014 : VERSO VERSO HOLDINGS June 30, December 31, June 30, 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 Unaudited Condensed Consolidated Balance Sheets and the table above are adjusted for intercompany eliminations.

INFORMATION BY INDUSTRY SEGME32

INFORMATION BY INDUSTRY SEGMENT (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table summarizes the industry segment data for the three-month and six-month periods ended June 30, 2015 and 2014 : Three Months Ended Six Months Ended June 30, June 30, (Dollars in millions) 2015 2014 2015 2014 Net sales Paper $ 723 $ 275 $ 1,471 $ 538 Pulp 72 46 135 82 Intercompany Eliminations (17 ) — (22 ) — Total $ 778 $ 321 $ 1,584 $ 620 Operating income (loss) Paper $ 12 $ (5 ) $ (32 ) $ (56 ) Pulp (7 ) 8 (19 ) 12 Total $ 5 $ 3 $ (51 ) $ (44 ) Depreciation, amortization, and depletion Paper $ 55 $ 21 $ 106 $ 42 Pulp 9 4 15 9 Total $ 64 $ 25 $ 121 $ 51 Capital expenditures Paper $ 14 $ 9 $ 21 $ 22 Pulp 2 2 4 5 Total $ 16 $ 11 $ 25 $ 27

CONDENSED CONSOLIDATING FINAN33

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2015 Parent Subsidiary Guarantor Non- Other Non-Guarantors (Dollars in millions) Issuer Issuer Subsidiaries Subsidiary Eliminations Consolidated Net sales $ — $ — $ 245 $ 550 $ — $ (17 ) $ 778 Cost of products sold (exclusive of depreciation, amortization, and depletion) — — 207 467 — (17 ) 657 Depreciation, amortization, and depletion — — 16 47 1 — 64 Selling, general, and administrative expenses — — 24 23 (1 ) — 46 Restructuring charges — — 2 4 — — 6 Other operating income — — (24 ) 24 — — — Interest income (48 ) — (1 ) — — 48 (1 ) Interest expense 48 — 47 21 — (48 ) 68 Equity in net loss of subsidiaries (60 ) — — — — 60 — Loss before income taxes $ (60 ) $ — $ (26 ) $ (36 ) $ — $ 60 $ (62 ) Income tax benefit — — — (2 ) — — (2 ) Net loss $ (60 ) $ — $ (26 ) $ (34 ) $ — $ 60 $ (60 ) Other comprehensive income 1 — 1 — — (1 ) 1 Comprehensive loss $ (59 ) $ — $ (25 ) $ (34 ) $ — $ 59 $ (59 ) Verso Paper Holdings LLC Condensed Consolidating Statements of Operations and Comprehensive Income Six Months Ended June 30, 2015 Parent Subsidiary Guarantor Non- Guarantor Other Non-Guarantors (Dollars in millions) Issuer Issuer Subsidiaries Subsidiary Eliminations Consolidated Net sales $ — $ — $ 503 $ 1,103 $ 1 $ (23 ) $ 1,584 Cost of products sold (exclusive of depreciation, amortization, and depletion) — — 446 962 — (23 ) 1,385 Depreciation, amortization, and depletion — — 33 87 1 — 121 Selling, general, and administrative expenses — — 51 51 (1 ) — 101 Restructuring charges — — 17 11 — — 28 Other operating income — — (36 ) 36 — — — Interest income (95 ) — (1 ) — — 95 (1 ) Interest expense 95 — 94 39 1 (95 ) 134 Other loss, net — — — — — — — Equity in net loss of subsidiaries (182 ) — — — — 182 — Loss before income taxes $ (182 ) $ — $ (101 ) $ (83 ) $ — $ 182 $ (184 ) Income tax benefit — — — (2 ) — — (2 ) Net loss $ (182 ) $ — $ (101 ) $ (81 ) $ — $ 182 $ (182 ) Other comprehensive income 1 — 1 — — (1 ) 1 Comprehensive loss $ (181 ) $ — $ (100 ) $ (81 ) $ — $ 181 $ (181 ) Verso Paper Holdings LLC Condensed Consolidating Statements of Operations and Comprehensive Income Three Months Ended June 30, 2014 Parent Subsidiary Guarantor Non- Other Non-Guarantors (Dollars in millions) Issuer Issuer Subsidiaries Subsidiary Eliminations Consolidated Net sales $ — $ — $ 321 $ — $ 1 $ (1 ) $ 321 Cost of products sold (exclusive of depreciation, amortization, and depletion) — — 277 — — (1 ) 276 Depreciation, amortization, and depletion — — 24 — 1 — 25 Selling, general, and administrative expenses — — 18 — (1 ) — 17 Interest income (35 ) — (1 ) — (1 ) 36 (1 ) Interest expense 35 — 35 — 3 (36 ) 37 Other loss, net — — 9 — — — 9 Equity in net loss of subsidiaries (42 ) — — — — 42 — Net loss $ (42 ) $ — $ (41 ) $ — $ (1 ) $ 42 $ (42 ) Other comprehensive income — — — — — — — Comprehensive loss $ (42 ) $ — $ (41 ) $ — $ (1 ) $ 42 $ (42 ) 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 June 30, 2015 Parent Subsidiary Guarantor Non- Guarantor Other Non-Guarantors (Dollars in millions) Issuer Issuer Subsidiaries Subsidiary Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ — $ 6 $ 8 $ — $ — $ 14 Accounts receivable, net — — 73 174 — — 247 Current intercompany/affiliate receivable — — 8 20 — (28 ) — Inventories — — 119 440 — — 559 Prepaid expenses and other assets — — 5 13 — — 18 Total current assets — — 211 655 — (28 ) 838 Property, plant, and equipment, net — — 483 1,500 23 — 2,006 Intercompany/affiliate receivable 1,399 — 4 — 31 (1,434 ) — Intangibles and other assets, net (1) — — 85 68 1 (5 ) 149 Total assets $ 1,399 $ — $ 783 $ 2,223 $ 55 $ (1,467 ) $ 2,993 LIABILITIES AND MEMBER’S EQUITY Accounts payable $ — $ — $ 46 $ 146 $ — $ — $ 192 Current intercompany/affiliate payable — — 20 8 — (28 ) — Accrued liabilities 93 — 53 144 — — 290 Current maturities of long-term debt — — — 22 — — 22 Total current liabilities 93 — 119 320 — (28 ) 504 Intercompany/affiliate payable — — 1,399 — 35 (1,434 ) — Investment in subsidiaries 244 — 14 — — (258 ) — Long-term debt (2) 1,926 — 850 23 (5 ) 2,794 Other liabilities — — 52 499 8 — 559 Member’s (deficit) equity (864 ) — (801 ) 554 (11 ) 258 (864 ) Total liabilities and equity $ 1,399 $ — $ 783 $ 2,223 $ 55 $ (1,467 ) $ 2,993 (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 Other Non-Guarantors is payable to Verso Finance. Verso Paper Holdings LLC Condensed Consolidating Balance Sheet December 31, 2014 Parent Subsidiary Guarantor Non- Guarantor Other Non-Guarantors (Dollars in millions) Issuer Issuer Subsidiaries Subsidiary 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 Total 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 Total 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 Other Non-Guarantors 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 Six Months Ended June 30, 2015 Parent Subsidiary Guarantor Non- Other Non-Guarantors (Dollars in millions) Issuer Issuer Subsidiaries Subsidiary Eliminations Consolidated Net cash used in operating activities $ — $ — $ (93 ) $ (92 ) $ — $ — $ (185 ) Cash flows from investing activities: Proceeds from sale of assets — — 50 1 — — 51 Transfers from (to) restricted cash — — — — 1 — 1 Capital expenditures — — (8 ) (17 ) — — (25 ) Acquisition, net of cash acquired — — — 128 — — 128 Investment in parent securities — — — (5 ) — — (5 ) Return of capital to Parent Issuer 73 — — — — (73 ) — Advances to subsidiaries (221 ) — — — — 221 — Payments from subsidiaries 141 — — — — (141 ) — Net cash (used in) provided by investing activities (7 ) — 42 107 1 7 150 Cash flows from financing activities: Borrowings on revolving credit facilities 116 — — 410 — — 526 Payments on revolving credit facilities (109 ) — — (344 ) (30 ) — (483 ) Return of capital to Parent Issuer — — — (73 ) — 73 — Advances from parent — — 191 — 30 (221 ) — Payments to parent — — (140 ) — (1 ) 141 — Net cash provided by (used in) financing activities 7 — 51 (7 ) (1 ) (7 ) 43 Change in cash and cash equivalents — — — 8 — — 8 Cash and cash equivalents at beginning of period — — 6 — — — 6 Cash and cash equivalents at end of period $ — $ — $ 6 $ 8 $ — $ — $ 14 Verso Paper Holdings LLC Condensed Consolidating Statements of Cash Flows Six Months Ended June 30, 2014 Parent Subsidiary Guarantor Non-Guarantor Other Non-Guarantors (Dollars in millions) Issuer Issuer Subsidiaries Subsidiary Eliminations Consolidated Net cash used in operating activities $ — $ — $ (69 ) $ — $ 1 $ — $ (68 ) Cash flows from investing activities: Transfers from (to) restricted cash — — 2 — (1 ) — 1 Capital expenditures — — (27 ) — — — (27 ) Other investing activities — — 5 — — — 5 Advances to subsidiaries (185 ) — — — — 185 — Payments from subsidiaries 117 — — — — (117 ) — Net cash used in investing activities (68 ) — (20 ) — (1 ) 68 (21 ) Cash flows from financing activities: Borrowings on revolving credit facilities 168 — — — 20 — 188 Payments on revolving credit facilities (100 ) — — — — — (100 ) Debt issuance costs — — — — (3 ) — (3 ) Advances from parent — — 185 — — (185 ) — Payments to parent — — (101 ) — (16 ) 117 — Net cash provided by financing activities 68 — 84 — 1 (68 ) 85 Change in cash and cash equivalents — — (4 ) — — — (4 ) Cash and cash equivalents at beginning of period — — 11 — — — 11 Cash and cash equivalents at end of period $ — $ — $ 7 $ — $ — $ — $ 7 Certain amounts in the prior year presentation have been reclassified to conform to the current year presentation.

Background and Basis of Prese34

Background and Basis of Presentation (Detail) $ in Millions	3 Months Ended						6 Months Ended		12 Months Ended
	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)Segment	Jun. 30, 2014USD ($)	Jun. 30, 2016USD ($)
Debt Instrument [Line Items]
Borrowings outstanding					$ 2,684		$ 2,684
Interest expense					66	$ 34	$ 131	$ 68
Market segments | Segment							2
Revolving Credit Facilities | Revolving Credit Facilities
Debt Instrument [Line Items]
Credit facility, remaining borrowing capacity					56		$ 56
Revolving Credit Facilities | NewPage Corp | Revolving Credit Facilities
Debt Instrument [Line Items]
Credit facility, remaining borrowing capacity					$ 117		$ 117
Scenario, Forecast
Debt Instrument [Line Items]
Debt repayment									$ 300
Interest expense	$ 20	$ 120	$ 20	$ 120					280
Required principal payment	$ 78								$ 78

SUPPLEMENTAL FINANCIAL STATEM35

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION - Reconciliation of Basic and Diluted Loss Per Common Share Verso Paper (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share Disclosure [Line Items]
Net loss available to common shareholders	$ (60)	$ (42)	$ (182)	$ (133)
Weighted average common stock outstanding (shares)	81,348,000	52,782,000	80,319,000	52,730,000
Weighted average restricted stock (shares)	415,000	541,000	403,000	526,000
Weighted average common shares outstanding - basic (shares)	81,763,000	53,323,000	80,722,000	53,256,000
Dilutive shares from stock options (shares)	0	0	0	0
Weighted average common shares outstanding - diluted (shares)	81,763,000	53,323,000	80,722,000	53,256,000
Basic loss per share (usd per share)	$ (0.73)	$ (0.80)	$ (2.25)	$ (2.51)
Diluted loss per share (usd per share)	$ (0.73)	$ (0.80)	$ (2.25)	$ (2.51)
Stock Option
Earnings Per Share Disclosure [Line Items]
Antidilutive securities	7,640,051	4,974,679	7,133,581	4,696,158
Antidilutive shares, weighted average exercise prices per share	$ 2.40	$ 2.45	$ 2.49	$ 2.42

SUPPLEMENTAL FINANCIAL STATEM36

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Interest cost, capitalized		$ 1		$ 1
Depreciation expense	$ 63	$ 25	$ 120	$ 51
Stock Option
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Antidilutive securities	7,640,051	4,974,679	7,133,581	4,696,158
Antidilutive shares, weighted average exercise prices per share	$ 2.40	$ 2.45	$ 2.49	$ 2.42
Other Asset
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Restricted cash, Asset Retirement obligation	$ 1		$ 1

SUPPLEMENTAL FINANCIAL STATEM37

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION - Inventories by Major Category (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials	$ 105	$ 19
Work-in-process	69	9
Finished goods	304	62
Replacement parts and other supplies	81	20
Inventories	$ 559	$ 110

SUPPLEMENTAL FINANCIAL STATEM38

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION - Analysis of Asset Retirement Obligations Included in Other Liabilities (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Asset retirement obligations, Beginning balance	$ 8	$ 13
Accretion expense	1	0
Liabilities assumed	9	0
Adjustment to existing liabilities	0	(3)
Asset retirement obligations, Ending balance	$ 8	$ 13	$ 18	$ 10
Less: Current portion			(2)	0
Non-current portion of asset retirement obligations, June 30			$ 16	$ 10

ACQUISITIONS AND DISPOSITIONS39

ACQUISITIONS AND DISPOSITIONS Acquisition (Details)	Jan. 07, 2015USD ($)subsidiaryshares	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)	Dec. 05, 2014subsidiary
Business Acquisition [Line Items]
$650 million face value New First Lien Notes valued at January 7, 2015 closing price		$ 2,662,000,000		$ 2,662,000,000		$ 1,292,000,000
Number of subsidiaries | subsidiary	2
NewPage Corp
Business Acquisition [Line Items]
Acquisition related costs		$ 4,000,000	$ 9,000,000	$ 14,000,000	$ 19,000,000
Liabilities incurred	$ 650,000,000
Shares of Verso common stock issued in exchange for all the outstanding common stock of NewPage | shares	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 Corp
Business Acquisition [Line Items]
Debt instrument, face amount	750,000,000
Debt assumed	734,000,000
ABL Facility [Member] | NewPage Corp
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 | subsidiary							2

ACQUISITIONS AND DISPOSITIONS (

ACQUISITIONS AND DISPOSITIONS ( Purchase Price Allocation) (Details) - NewPage Corp $ in Millions	Jan. 07, 2015USD ($)
Business Acquisition [Line Items]
Cash	$ 128
Current assets, excluding cash	577
Property, plant, and equipment	1,570
Other long-term assets	43
Current liabilities	(276)
Current portion of long-term debt	(3)
Noncurrent pension and other post-retirement benefit obligations	(474)
Other long-term liabilities	(56)
Long-term debt	(800)
Net assets acquired	$ 709

ACQUISITIONS AND DISPOSITIONS41

ACQUISITIONS AND DISPOSITIONS (Proforma) (Details) - NewPage Corp - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Business Acquisition [Line Items]
Revenues	$ 1,616	$ 1,781
Net loss	$ (162)	$ (259)
Earnings per share - basic and diluted	$ (1.98)	$ (3.18)
Weighted-average common shares outstanding - basic and diluted (in thousands)	81,657	81,472

INTANGIBLES AND OTHER ASSETS -

INTANGIBLES AND OTHER ASSETS - (Detail) - USD ($) $ in Millions	Jun. 30, 2015		Dec. 31, 2014		Jun. 30, 2014
Unamortizable intangible assets:
Trademarks	$ 10		$ 10
Other assets:
Financing costs, net	21		23
Deferred major repair	29		21
Replacement parts, net	6		3
Loan to affiliate	0				$ 0
Restricted cash	3		3
Other	22		7
Total other assets	81		57
Intangibles and other assets, net	125		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	21		23
Deferred major repair	29		21
Replacement parts, net	6		3
Loan to affiliate	23		23
Restricted cash	3		3
Other	23		7
Total other assets	105		80
Intangibles and other assets, net	149	[1]	94	[2]
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.
[2]	Intangibles and other assets, net of Guarantor Subsidiaries include $23 million of a long-term note receivable from Verso Finance.

INTANGIBLES AND OTHER ASSETS 43

INTANGIBLES AND OTHER ASSETS - (Non printing) (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Intangibles and Other Assets by Major Class [Line Items]
Financing costs, accumulated amortization	$ 21	$ 19
Customer Relationships
Intangibles and Other Assets by Major Class [Line Items]
Amortizable intangible assets, accumulated amortization	$ 10	$ 9

INTANGIBLES AND OTHER ASSETS 44

INTANGIBLES AND OTHER ASSETS - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 1	$ 1

INTANGIBLES AND OTHER ASSETS 45

INTANGIBLES AND OTHER ASSETS - Estimated Future Amortization Expense for Intangible Assets Over Next Five Years (Detail) $ in Millions	Jun. 30, 2015USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2,015	$ 1
2,016	2
2,017	2
2,018	2
2,019	$ 2

DEBT - Summary of Debt (Detail)

DEBT - Summary of Debt (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2015		Jan. 07, 2015	Dec. 31, 2014		Jul. 02, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2006
Debt Instrument [Line Items]
Less current maturities of long-term debt	$ (22,000,000)			$ (30,000,000)
Current maturities, par value	(21,969,000)			(30,000,000)
Long-term debt	2,771,000,000			1,297,000,000
Total long-term debt for Verso	2,662,000,000			1,292,000,000
Verso Paper Holdings LLC
Debt Instrument [Line Items]
Balance	2,816,000,000
Less current maturities of long-term debt	(22,000,000)			(30,000,000)
Long-term debt	2,794,000,000	[1]		1,320,000,000	[2]
Total long-term debt for Verso	$ 2,707,000,000			1,345,000,000
Verso Paper Holdings LLC | Chase NMTC Verso Investment Fund, LLC
Debt Instrument [Line Items]
Original Maturity	Dec. 29, 2040
Interest rate	6.50%
Balance	$ 23,000,000
Par Value	$ 23,305,000			23,305,000
Senior Secured Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	Jan. 15, 2019
Par Value								$ 345,000,000
Secured debt | NewPage Corp
Debt Instrument [Line Items]
Original Maturity	Feb. 11, 2021
Interest rate at period end	9.50%
Balance	$ 706,000,000
Par Value	$ 734,469,000			0
Secured debt | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	Jan. 15, 2019
Interest rate	11.75%							11.75%
Balance	$ 272,000,000
Par Value	$ 271,573,000			271,573,000				$ 271,600,000
Second Priority Senior Secured Notes
Debt Instrument [Line Items]
Interest rate			10.00%
Senior Subordinated Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Par Value										$ 300,000,000
Loan from Verso Holdings | Verso Finance
Debt Instrument [Line Items]
Original Maturity	Dec. 29, 2040
Interest rate	6.50%
Par Value	$ 23,305,000			23,305,000
Loan from Verso Holdings	$ 23,000,000			23,000,000
Verso Androscoggin Power LLC Revolving Credit Facility | Revolving Credit Facilities | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	Feb. 6, 2015
Interest rate at period end	0.00%
Balance	$ 0
Par Value	$ 0			30,000,000
Revolving Credit Facilities | Revolving Credit Facilities | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	May 4, 2017
Interest rate at period end	2.91%
Balance	$ 70,000,000
Par Value	70,000,000			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)
11.75% Senior Secured Notes - 2012 | Senior Secured Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	Jan. 15, 2019
Interest rate							11.75%	11.75%
Balance	$ 424,000,000
Par Value	$ 417,882,000			417,882,000
11.75% Senior Secured Notes - 2015 | Senior Secured Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	Jan. 15, 2019
Interest rate	11.75%
Balance	$ 657,000,000
Par Value	$ 645,419,607			0
13% Second Priority Senior Secured Notes | Second Priority Senior Secured Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	Aug. 1, 2020
Interest rate	13.00%
Balance	$ 273,000,000
Par Value	$ 178,096,325			299,353,000
16% Senior Subordinated Notes | Senior Subordinated Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	Aug. 1, 2020
Interest rate	16.00%
Balance	$ 88,000,000
Par Value	$ 63,440,225			101,983,000
8.75% Second Priority Senior Secured Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Interest rate	8.75%
8.75% Second Priority Senior Secured Notes | Second Priority Senior Secured Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	Feb. 1, 2019
Interest rate						8.75%			8.75%
Balance	$ 96,000,000
Par Value	$ 96,647,000			96,647,000
11.38% Senior Subordinated Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Interest rate	11.38%
11.38% Senior Subordinated Notes | Senior Subordinated Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	Aug. 1, 2016
Interest rate	11.38%		11.38%			11.38%
Balance	$ 41,000,000
Par Value	$ 40,517,000			40,517,000
NewPage Corp
Debt Instrument [Line Items]
Total long-term debt for Verso			$ 663,000,000
NewPage Corp | Revolving Credit Facilities | Revolving Credit Facilities
Debt Instrument [Line Items]
Original Maturity	Feb. 11, 2019
Interest rate at period end	2.51%
Balance	$ 166,000,000
Par Value	$ 166,000,000			$ 0
[1]	Long-term debt of Other Non-Guarantors 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 Deb

DEBT - Summary of Long Term Debt (Non-printing) (Detail) - Verso Paper Holdings LLC - USD ($)	Dec. 31, 2012	Dec. 31, 2011
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		$ 396,000,000

DEBT - Interest Expense Related

DEBT - Interest Expense Related to Long Term Debt and Cash Interests Payments on Long Term Debt (Detail) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Debt Instrument [Line Items]
Interest expense		$ 66	$ 34	$ 131	$ 68
Cash interest paid		20	1	105	67
Debt issuance cost amortization	[1]	1	3	2	4
Verso Paper Holdings LLC
Debt Instrument [Line Items]
Interest expense		67	34	132	68
Cash interest paid		21	2	106	68
Debt issuance cost amortization	[1]	$ 1	$ 3	$ 2	$ 4
[1]	Amortization of debt issuance cost is included in interest expense.

DEBT - Additional Information (

DEBT - Additional Information (Detail) - USD ($) shares in Millions

Jan. 07, 2015

Jan. 06, 2015

Aug. 02, 2014

Dec. 31, 2010

Jun. 30, 2015

Dec. 31, 2012

Dec. 31, 2010

Jul. 14, 2015

Dec. 31, 2014

Aug. 01, 2014

Jul. 02, 2014

Feb. 11, 2014

Dec. 31, 2013

May. 04, 2012

Dec. 31, 2011

Dec. 29, 2010

Dec. 31, 2006

Debt Instrument [Line Items]

Debt instrument, fair value disclosure

$ 1,652,000,000

$ 1,082,000,000

Long-term Debt, Excluding Current Maturities

2,771,000,000

1,297,000,000

Verso Paper Holdings LLC

Debt Instrument [Line Items]

Debt instrument, fair value disclosure

1,629,000,000

1,059,000,000

Long-term Debt

2,816,000,000

1,350,000,000

Long-term Debt, Excluding Current Maturities

$ 2,794,000,000

[1]

1,320,000,000

[2]

11.38% Senior Subordinated Notes | Verso Paper Holdings LLC

Debt Instrument [Line Items]

Notes, interest rate

11.38%

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]

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.

Cash Flow Facility | Revolving Credit Facilities | Verso Paper Holdings LLC

Debt Instrument [Line Items]

Credit facility, borrowing capacity

$ 50,000,000

Credit facility, outstanding

$ 5,000,000

Credit facility, remaining borrowing capacity

45,000,000

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

$ 593.75

Revolving Credit Facilities | Revolving Credit Facilities

Debt Instrument [Line Items]

Credit facility, remaining borrowing capacity

56,000,000

Description of maturity date for debt instrument

May 4, 2017

Revolving Credit Facilities | Revolving Credit Facilities | Verso Paper Holdings LLC

Debt Instrument [Line Items]

Credit facility, borrowing capacity

$ 150,000,000

Credit facility, outstanding

65,000,000

Letters of credit, outstanding

30,000,000

Credit facility, remaining borrowing capacity

$ 11,000,000

Revolving Credit Facility, Interest Rate

2.91%

Notes, principal amount

$ 70,000,000

63,000,000

Credit facility, maturity date

May 4, 2017

Long-term Debt

$ 70,000,000

63,000,000

11.75% Senior Secured Notes | Verso Paper Holdings LLC

Debt Instrument [Line Items]

Notes, principal amount

$ 345,000,000

Debt Exchanged Issued Debt Amount

$ 73,000,000

loan, maturity date

Jan. 15, 2019

11.75% Senior Secured Notes | 11.75% Secured Notes

Debt Instrument [Line Items]

Notes, interest rate

11.75%

11.75% Senior Secured Notes | 11.75% Senior Secured Notes - 2012 | Verso Paper Holdings LLC

Debt Instrument [Line Items]

Notes, principal amount

$ 417,882,000

417,882,000

loan, maturity date

Jan. 15, 2019

Notes, interest rate

11.75%

11.75%

Long-term Debt

$ 424,000,000

424,000,000

Secured debt | Verso Paper Holdings LLC

Debt Instrument [Line Items]

Notes, principal amount

$ 271,573,000

$ 271,600,000

271,573,000

loan, maturity date

Jan. 15, 2019

Notes, interest rate

11.75%

11.75%

Long-term Debt

$ 272,000,000

272,000,000

Second Priority Senior Secured Notes Eight Point Seven Five Percent [Member]

Debt Instrument [Line Items]

Debt Conversion, Original Debt, Amount

$ 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

$ 396,000,000

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

Debt Instrument, Principal Amount

$ 1,000

11.38% Senior Subordinated Notes | Verso Paper Holdings LLC

Debt Instrument [Line Items]

Notes, principal amount

$ 300,000,000

11.38% Senior Subordinated Notes | 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

Aug. 1, 2016

Notes, interest rate

11.38%

11.38%

11.38%

Long-term Debt

$ 41,000,000

41,000,000

16% Senior Subordinated Notes

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

Unsecured Debt [Member] | Verso Finance

Debt Instrument [Line Items]

Debt Exchanged Issued Debt Amount

$ 86,000,000

NewPage Corp

Debt Instrument [Line Items]

Liabilities incurred

$ 650,000,000

NewPage Corp | Revolving Credit Facilities

Debt Instrument [Line Items]

Credit facility, borrowing capacity

$ 350,000,000

NewPage Corp | Revolving Credit Facilities | Revolving Credit Facilities

Debt Instrument [Line Items]

Letters of credit, outstanding

56,000,000

Credit facility, remaining borrowing capacity

117,000,000

Notes, principal amount

$ 166,000,000

0

Credit facility, maturity date

Feb. 11, 2019

Long-term Debt

$ 166,000,000

0

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

Chase NMTC Verso Investment Fund, LLC | Verso Paper Holdings LLC

Debt Instrument [Line Items]

Notes, principal amount

$ 23,305,000

23,305,000

loan, maturity date

Dec. 29, 2040

Notes, interest rate

6.50%

Long-term Debt

$ 23,000,000

$ 23,000,000

Variable Interest Entity, Primary Beneficiary | Chase NMTC Verso Investment Fund, LLC

Debt Instrument [Line Items]

loan, maturity date

Dec. 29, 2040

Dec. 29, 2040

Notes, interest rate

6.50%

6.50%

Long-term Debt

$ 23,000,000

$ 23,000,000

Subsequent Event | NewPage Corp | Revolving Credit Facilities | Revolving Credit Facilities | Verso Paper Holdings LLC

Debt Instrument [Line Items]

Credit facility, borrowing capacity

$ 60,000,000

Credit facility, outstanding

$ 29,000,000

Subsequent Event | NewPage Corp | Eurodollar [Member] | Revolving Credit Facilities | Revolving Credit Facilities | Verso Paper Holdings LLC

Debt Instrument [Line Items]

Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate

4.75%

[1]

Long-term debt of Other Non-Guarantors 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 ($)	Jan. 07, 2015	Feb. 11, 2014	Jun. 30, 2015	Dec. 31, 2014
Revolving Credit Facilities | Revolving Credit Facilities
Debt Instrument [Line Items]
Credit facility, remaining borrowing capacity			$ 56,000,000
NewPage Corp | Term Loan | Floating Rate Senior Secured Term Loan
Debt Instrument [Line Items]
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 Corp | Term Loan | Floating Rate Senior Secured Term Loan | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable rate		8.25%
NewPage Corp | Term Loan | Floating Rate Senior Secured Term Loan | Base Rate
Debt Instrument [Line Items]
Variable rate		7.25%
NewPage Corp | Revolving Credit Facilities
Debt Instrument [Line Items]
Credit facility, borrowing capacity		$ 350,000,000
NewPage Corp | Revolving Credit Facilities | Revolving Credit Facilities
Debt Instrument [Line Items]
Long-term Debt			166,000,000	$ 0
Letters of credit, outstanding			56,000,000
Credit facility, remaining borrowing capacity			$ 117,000,000
Interest rate at period end			2.51%
Debt instrument, face amount			$ 166,000,000	$ 0
Biron and Rumford Mills | NewPage Corp | Term Loan | Floating Rate Senior Secured Term Loan
Debt Instrument [Line Items]
Proceeds from sale of business	$ 16,000,000

RETIREMENT AND OTHER POSTRETI51

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS PLANS - Components of Net Periodic Benefit Cost (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 3	$ 1	$ 6	$ 3
Interest cost	16	1	32	2
Expected return on plan assets	(21)	(1)	(41)	(2)
Amortization of actuarial loss	1	0	1	0
Net periodic benefit cost	(1)	$ 1	(2)	$ 3
Other Postretirement Benefit Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	0		0
Interest cost	1		1
Net periodic benefit cost	$ 1		$ 1

RETIREMENT AND OTHER POSTRETI52

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS PLANS - Additional Information (Detail) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014
Compensation and Retirement Disclosure [Abstract]
Contribution made by employer	$ 6,000,000	$ 13,000,000	$ 1,700,000
Cash contribution		$ 16,000,000

DERIVATIVE INSTRUMENTS AND HE53

DERIVATIVE INSTRUMENTS AND HEDGES - Schedule of Information About Volume and Fair Value Amounts of Derivative Instruments (Detail) - Commodity swaps - Not Designated as Hedging Instrument $ in Millions	Jun. 30, 2015USD ($)MMBTU	Dec. 31, 2014USD ($)MMBTU
Derivative [Line Items]
Notional amount | MMBTU	3,540,000	1,876,475
Accrued liabilities
Derivative [Line Items]
Fair Value Assets/(Liabilities)	$ (3)	$ (6)

DERIVATIVE INSTRUMENTS AND HE54

DERIVATIVE INSTRUMENTS AND HEDGES - Schedule of Information About Effect of Derivative Instruments on Accumulated Other Comprehensive Income and Consolidated Statements of Operations (Detail) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Commodity swaps | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized on Derivatives	[1]	$ 0	$ 0	$ (2)	$ 12
[1]	Gain (loss) recognized on derivatives is included in Cost of products sold.

FAIR VALUE OF FINANCIAL INSTR55

FAIR VALUE OF FINANCIAL INSTRUMENTS - Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Investments related to deferred compensation plans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	$ 4	$ 4
Commodity swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	3	6
Fair Value, Inputs, Level 1 | Investments related to deferred compensation plans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	4	4
Fair Value, Inputs, Level 2 | Commodity swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	$ 3	$ 6

RELATED PARTY TRANSACTIONS - Ad

RELATED PARTY TRANSACTIONS - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2010	Jun. 30, 2015	Dec. 31, 2010	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2011	Dec. 29, 2010
Related Party Transaction [Line Items]
Management agreement expiration date		Jun. 1, 2017
Long-term notes receivable		$ 0			$ 0
Verso Paper Holdings LLC
Related Party Transaction [Line Items]
Long-term debt		2,816,000		$ 1,350,000
Long-term notes receivable		23,000		$ 23,000
Chase NMTC Verso Investment Fund, LLC | Variable Interest Entity, Primary Beneficiary
Related Party Transaction [Line Items]
Original maturity date	Dec. 29, 2040		Dec. 29, 2040
Long-term debt		23,000					$ 23,000
Interest rate						6.50%	6.50%
Accrued interest payable to Verso Finance		100
Verso Finance
Related Party Transaction [Line Items]
Long-term debt		23,000					$ 23,000
Interest rate							6.50%
Verso Paper Holdings LLC
Related Party Transaction [Line Items]
Long-term notes receivable		23,000
Investment Income Interest Related Party		$ 800
Management Agreement
Related Party Transaction [Line Items]
Management agreement expiration date		Aug. 1, 2018
Management fee as a percentage of aggregate enterprise value		1.00%

RESTRUCTURING CHARGES (Addition

RESTRUCTURING CHARGES (Additional information) (Details) T in Thousands, $ in Millions	3 Months Ended	6 Months Ended		9 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2014T
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 6	$ 28	$ 0
NewPage Corp | Severance and benefit costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	3	16
Paper Segment | NewPage Corp | Severance and benefit costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	3	15
Coated groundwood paper
Restructuring Cost and Reserve [Line Items]
Capacity of plant | T					350
Specialty paper
Restructuring Cost and Reserve [Line Items]
Capacity of plant | T					55
Bucksport Mill Closure In Twenty Fourteen [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	3	12		$ 147
Bucksport Mill Closure In Twenty Fourteen [Member] | Severance and benefit costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 2	$ 2		$ 29
Bucksport Mill Closure In Twenty Fourteen [Member] | NewPage Corp
Restructuring Cost and Reserve [Line Items]
Restructuring charges			$ 0

RESTRUCTURING CHARGES (Charges

RESTRUCTURING CHARGES (Charges Incurred Related to Shutdown) (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 6	$ 28	$ 0
Bucksport Mill Closure In Twenty Fourteen [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	3	12		$ 147
Bucksport Mill Closure In Twenty Fourteen [Member] | Property And Equipment Impairment
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	0		89
Bucksport Mill Closure In Twenty Fourteen [Member] | Severance and benefit costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2	2		29
Bucksport Mill Closure In Twenty Fourteen [Member] | Write-off of related spare parts and inventory
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	0		14
Bucksport Mill Closure In Twenty Fourteen [Member] | Write Off Of Purchase Obligations And Commitments
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	6		8
Bucksport Mill Closure In Twenty Fourteen [Member] | Other miscellaneous costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 1	$ 4		$ 7

RESTRUCTURING CHARGES (Restruct

RESTRUCTURING CHARGES (Restructuring Reserve) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2015USD ($)
Restructuring Reserve [Roll Forward]
Restructuring Reserve	$ 24
Purchase obligations	6
Restructuring Reserve	1
Severance and benefit costs
Restructuring Reserve [Roll Forward]
Severance and benefit payments	(24)
Severance and benefit reserve adjustments	2
Purchase Obligation
Restructuring Reserve [Roll Forward]
Severance and benefit payments	(7)
NewPage Corp
Restructuring Reserve [Roll Forward]
Restructuring Reserve	0
Severance and benefit costs	16
Severance and benefit payments	(5)
Restructuring Reserve	$ 11

NEW MARKET TAX CREDIT ENTITIE60

NEW MARKET TAX CREDIT ENTITIES - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 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

NEW MARKET TAX CREDIT ENTITIE61

NEW MARKET TAX CREDIT ENTITIES - Schedule of Impact of Consolidated VIE (Detail) - Variable Interest Entity, Primary Beneficiary - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Variable Interest Entity [Line Items]
Variable interest entity, consolidated assets	$ 0	$ 0
Variable interest entity, consolidated liabilities	8	8
Long-term debt
Variable Interest Entity [Line Items]
Variable interest entity, consolidated liabilities	0	0
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

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Line Items]
Supply agreement expiration date	Jun. 1, 2017
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 (Detai

- Additional Information (Detail)	6 Months Ended
	Jun. 30, 2015Segment
Segment Reporting [Abstract]
Number of reporting segments	2

INFORMATION BY INDUSTRY SEGME64

INFORMATION BY INDUSTRY SEGMENT - (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Net sales	$ 778	$ 321	$ 1,584	$ 620
Operating Income (Loss)	5	3	(51)	(44)
Depreciation, amortization, and depletion	64	25	121	51
Capital spending			25	27
Operating Segments
Segment Reporting Information [Line Items]
Operating Income (Loss)	5	3	(51)	(44)
Depreciation, amortization, and depletion	64	25	121	51
Capital spending	16	11	25	27
Operating Segments | Paper
Segment Reporting Information [Line Items]
Net sales	723	275	1,471	538
Operating Income (Loss)	12	(5)	(32)	(56)
Depreciation, amortization, and depletion	55	21	106	42
Capital spending	14	9	21	22
Operating Segments | Pulp
Segment Reporting Information [Line Items]
Net sales	72	46	135	82
Operating Income (Loss)	(7)	8	(19)	12
Depreciation, amortization, and depletion	9	4	15	9
Capital spending	2	2	4	5
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales	$ (17)	$ 0	$ (22)	$ 0

CONDENSED CONSOLIDATING FINAN65

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Additional Information (Detail) - Jun. 30, 2015 - VERSO PAPER HOLDINGS LLC	Total
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	2,019
11.75% Secured Notes
Condensed Financial Statements, Captions [Line Items]
Interest rate	11.75%
Debt Instrument Maturity Year	2,019
8.75% Second Priority Senior Secured Notes
Condensed Financial Statements, Captions [Line Items]
Interest rate	8.75%
Debt Instrument Maturity Year	2,019
Second Priority Senior Secured Floating Rate Notes
Condensed Financial Statements, Captions [Line Items]
Interest rate	13.00%
11.38% Senior Subordinated Notes
Condensed Financial Statements, Captions [Line Items]
Interest rate	11.38%
Debt Instrument Maturity Year	2,016

CONDENSED CONSOLIDATING FINAN66

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Balance Sheet (Detail) - USD ($) $ in Millions		Jun. 30, 2015		Dec. 31, 2014		Jun. 30, 2014	Dec. 31, 2013
ASSETS
Cash and cash equivalents		$ 14		$ 6		$ 7	$ 11
Accounts receivable, net		247		88
Inventories		559		110
Assets held for sale		0		61
Prepaid expenses and other assets		18		11
Total current assets		838		276
Property, plant, and equipment, net		2,006		531
Intangibles and other assets, net		125		71
Total assets		2,969		878
LIABILITIES AND MEMBER'S EQUITY
Accounts payable		192		63
Accrued liabilities		290		205
Current maturities of long-term debt		22		30
Liabilities related to assets held for sale		0		2
Total current liabilities		504		300
Long-term debt		2,771		1,297
Other liabilities		563		65
Total liabilities and equity		2,969		878
VERSO PAPER HOLDINGS LLC
ASSETS
Cash and cash equivalents		14		6		7	11
Accounts receivable, net		247		88
Current intercompany/affiliate receivable		0
Inventories		559		110
Assets held for sale		0		61
Prepaid expenses and other assets		18		11
Total current assets		838		276
Property, plant, and equipment, net		2,006		531
Intangibles and other assets, net		149	[1]	94	[2]
Total assets		2,993		901
LIABILITIES AND MEMBER'S EQUITY
Accounts payable		192		63
Current intercompany/affiliate payable		0
Accrued liabilities		290		206
Current maturities of long-term debt		22		30
Liabilities related to assets held for sale		0		2
Total current liabilities		504		301
Long-term debt		2,794	[3]	1,320	[4]
Other liabilities		559		60
Member’s (deficit) equity		(864)		(780)		(543)	(411)
Total liabilities and equity		2,993		901
VERSO PAPER HOLDINGS LLC | Parent Company
ASSETS
Cash and cash equivalents		0
Accounts receivable, net		0
Current intercompany/affiliate receivable		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		1,399		1,397
Intangibles and other assets, net		0
Total assets		1,399		1,397
LIABILITIES AND MEMBER'S EQUITY
Current intercompany/affiliate payable		0
Accrued liabilities		93		77
Liabilities related to assets held for sale				0
Total current liabilities		93		77
Intercompany/affiliate payable				0
Investment in subsidiaries		244		803	[5]
Long-term debt		1,926	[3]	1,297	[4]
Other liabilities		0		0
Member’s (deficit) equity		(864)		(780)
Total liabilities and equity		1,399		1,397
VERSO PAPER HOLDINGS LLC | Subsidiary Issuer
ASSETS
Cash and cash equivalents		0		0		0	0
Accounts receivable, net		0		0
Current intercompany/affiliate receivable		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
Current intercompany/affiliate 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
Member’s (deficit) equity		0
Total liabilities and equity		0
VERSO PAPER HOLDINGS LLC | Guarantor Subsidiaries
ASSETS
Cash and cash equivalents		6		6		7	11
Accounts receivable, net		73		88
Current intercompany/affiliate receivable		8
Inventories		119		110
Assets held for sale				60
Prepaid expenses and other assets		5		9
Total current assets		211		273
Property, plant, and equipment, net		483		508
Intercompany/affiliate receivable		4		2
Intangibles and other assets, net		85	[1]	93	[2]
Total assets		783		876
LIABILITIES AND MEMBER'S EQUITY
Accounts payable		46		63
Current intercompany/affiliate payable		20
Accrued liabilities		53		128
Current maturities of long-term debt		0
Liabilities related to assets held for sale				2
Total current liabilities		119		193
Intercompany/affiliate payable		1,399		1,423
Investment in subsidiaries		14		13	[5]
Long-term debt				0
Other liabilities		52		52
Member’s (deficit) equity		(801)		(805)
Total liabilities and equity		783		876
VERSO PAPER HOLDINGS LLC | Non-Guarantor Subsidiaries
ASSETS
Cash and cash equivalents		8
Accounts receivable, net		174
Current intercompany/affiliate receivable		20
Inventories		440
Assets held for sale				0
Prepaid expenses and other assets		13
Total current assets		655		0
Property, plant, and equipment, net		1,500
Intercompany/affiliate receivable		0
Intangibles and other assets, net	[1]	68
Total assets		2,223
LIABILITIES AND MEMBER'S EQUITY
Accounts payable		146
Current intercompany/affiliate payable		8
Accrued liabilities		144		0
Current maturities of long-term debt		22
Liabilities related to assets held for sale				0
Total current liabilities		320
Investment in subsidiaries		0
Long-term debt		850	[3]	0
Other liabilities		499		0
Member’s (deficit) equity		554
Total liabilities and equity		2,223
VERSO PAPER HOLDINGS LLC | Other Non-Guarantors
ASSETS
Cash and cash equivalents		0		0			0
Accounts receivable, net		0		0
Current intercompany/affiliate receivable		0
Inventories		0		0
Assets held for sale				1
Prepaid expenses and other assets		0		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	[2]
Total assets		55		85
LIABILITIES AND MEMBER'S EQUITY
Accounts payable		0		0
Current intercompany/affiliate payable		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	[3]	23	[4]
Other liabilities		8		8
Member’s (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
Current intercompany/affiliate receivable		(28)
Inventories		0		0
Assets held for sale				0
Prepaid expenses and other assets		0		0
Total current assets		(28)		0
Property, plant, and equipment, net		0		0
Intercompany/affiliate receivable		(1,434)		(1,457)
Intangibles and other assets, net		(5)	[1]	0
Total assets		(1,467)		(1,457)
LIABILITIES AND MEMBER'S EQUITY
Current intercompany/affiliate payable		(28)
Accrued liabilities		0		0
Current maturities of long-term debt		0
Liabilities related to assets held for sale				0
Total current liabilities		(28)
Intercompany/affiliate payable		(1,434)		(1,457)
Investment in subsidiaries		(258)		(816)	[5]
Long-term debt		(5)	[3]	0
Other liabilities		0		0
Member’s (deficit) equity		258		816
Total liabilities and equity		$ (1,467)		$ (1,457)
[1]	Intangibles and other assets, net of Guarantor Subsidiaries include $23 million of a long-term note receivable from Verso Finance.
[2]	Intangibles and other assets, net of Guarantor Subsidiaries include $23 million of a long-term note receivable from Verso Finance.
[3]	Long-term debt of Other Non-Guarantors is payable to Verso Finance.
[4]	Intangibles and other assets, net of Guarantor Subsidiaries include $23 million of a long-term note receivable from Verso Finance.
[5]	Certain amounts in the prior year presentation have been reclassified to conform to the current year presentation.

CONDENSED CONSOLIDATING FINAN67

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Balance Sheet (Nonprinting) (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Condensed Financial Statements, Captions [Line Items]
Long-term note receivable	$ 0		$ 0
VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Long-term note receivable	23	$ 23
Guarantor Subsidiaries | VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Long-term note receivable	$ 23

CONDENSED CONSOLIDATING FINAN68

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Statements of Operations and Comprehensive Income (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Condensed Financial Statements, Captions [Line Items]
Net sales	$ 778	$ 321	$ 1,584	$ 620
Cost of products sold (exclusive of depreciation, amortization, and depletion)	657	276	1,385	578
Depreciation, amortization, and depletion	64	25	121	51
Selling, general, and administrative expenses	46	17	101	35
Restructuring charges	6		28	0
Interest expense	67	36	133	70
Other loss, net	0	9	0	19
Loss before income taxes	(62)	(42)	(184)	(133)
Income tax benefit	(2)	0	(2)	0
Net loss	(60)	(42)	(182)	(133)
Other comprehensive income	1	0	1	0
Comprehensive loss	(59)	(42)	(181)	(133)
VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net sales	778	321	1,584	620
Cost of products sold (exclusive of depreciation, amortization, and depletion)	657	276	1,385	578
Depreciation, amortization, and depletion	64	25	121	51
Selling, general, and administrative expenses	46	17	101	35
Restructuring charges	6		28
Other operating income	0		0
Interest income	(1)	(1)	(1)	(1)
Interest expense	68	37	134	71
Other loss, net	0	9	0	19
Equity in net loss of subsidiaries	0	0	0	0
Loss before income taxes	(62)	(42)	(184)	(133)
Income tax benefit	(2)	0	(2)	0
Net loss	(60)	(42)	(182)	(133)
Other comprehensive income	1	0	1	0
Comprehensive loss	(59)	(42)	(181)	(133)
Parent Company | 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
Interest income	(48)	(35)	(95)	(70)
Interest expense	48	35	95	70
Equity in net loss of subsidiaries	(60)	(42)	(182)	(133)
Loss before income taxes	(60)		(182)
Income tax benefit	0		0
Net loss	(60)	(42)	(182)	(133)
Other comprehensive income	1	0	1	0
Comprehensive loss	(59)	(42)	(181)	(133)
Subsidiary Issuer | VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net sales	0	0	0	0
Cost of products sold (exclusive of depreciation, amortization, and depletion)	0	0	0	0
Depreciation, amortization, and depletion	0	0	0	0
Selling, general, and administrative expenses	0	0	0	0
Restructuring charges	0		0
Other operating income	0		0
Interest income	0	0	0	0
Interest expense	0	0	0	0
Other loss, net		0	0	0
Equity in net loss of subsidiaries	0	0	0	0
Loss before income taxes	0		0
Income tax benefit	0		0
Net loss	0	0	0	0
Other comprehensive income	0	0	0	0
Comprehensive loss	0	0	0	0
Guarantor Subsidiaries | VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net sales	245	321	503	620
Cost of products sold (exclusive of depreciation, amortization, and depletion)	207	277	446	579
Depreciation, amortization, and depletion	16	24	33	50
Selling, general, and administrative expenses	24	18	51	36
Restructuring charges	2		17
Other operating income	(24)		(36)
Interest income	(1)	(1)	(1)	(1)
Interest expense	47	35	94	69
Other loss, net		9		19
Equity in net loss of subsidiaries		0		0
Loss before income taxes	(26)		(101)
Income tax benefit	0		0
Net loss	(26)	(41)	(101)	(132)
Other comprehensive income	1	0	1	0
Comprehensive loss	(25)	(41)	(100)	(132)
Non-Guarantor Subsidiaries | VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net sales	550	0	1,103	0
Cost of products sold (exclusive of depreciation, amortization, and depletion)	467	0	962	0
Depreciation, amortization, and depletion	47		87
Selling, general, and administrative expenses	23		51
Restructuring charges	4		11
Other operating income	24		36
Interest income	0	0	0	0
Interest expense	21		39
Other loss, net		0		0
Equity in net loss of subsidiaries		0		0
Loss before income taxes	(36)		(83)
Income tax benefit	(2)		(2)
Net loss	(34)	0	(81)	0
Comprehensive loss	(34)	0	(81)	0
Other | VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net sales		1	1	1
Cost of products sold (exclusive of depreciation, amortization, and depletion)		0	0	0
Depreciation, amortization, and depletion	1	1	1	1
Selling, general, and administrative expenses	(1)	(1)	$ (1)	(1)
Interest income	$ 0	(1)		(1)
Interest expense		3	$ 1	3
Other loss, net		0		0
Equity in net loss of subsidiaries		0		0
Loss before income taxes	$ 0		0
Income tax benefit	0		0
Net loss	0	(1)	0	(1)
Comprehensive loss	0	(1)	0	(1)
Eliminations | VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net sales	(17)	(1)	(23)	(1)
Cost of products sold (exclusive of depreciation, amortization, and depletion)	(17)	(1)	(23)	(1)
Depreciation, amortization, and depletion	0	0	0	0
Selling, general, and administrative expenses		0		0
Interest income	48	36	95	71
Interest expense	(48)	(36)	(95)	(71)
Other loss, net		0		0
Equity in net loss of subsidiaries	60	42	182	133
Loss before income taxes	60		182
Income tax benefit	0		0
Net loss	60	42	182	133
Other comprehensive income	(1)	0	(1)	0
Comprehensive loss	$ 59	$ 42	$ 181	$ 133

CONDENSED CONSOLIDATING FINAN69

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Statements of Cash Flows (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	$ (185,000)	$ (68,000)
Cash Flows From Investing Activities:
Proceeds from sale of assets	51,000	0
Transfers from (to) restricted cash	1,000	1,000
Capital expenditures	(25,000)	(27,000)
Other investing activities	0	5,000
Acquisition, net of cash acquired	128,000	0
Investment in parent securities	(5,000)	0
Net cash provided by (used in) investing activities	150,000	(21,000)
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities	526,000	188,000
Payments on revolving credit facilities	(483,000)	(100,000)
Debt issuance costs	0	(3,000)
Payments to parent	0
Net cash provided by financing activities	43,000	85,000
Change in cash and cash equivalents	8,000	(4,000)
Cash and cash equivalents at beginning of period	6,000	11,000
Cash and cash equivalents at end of period	14,000	7,000
VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	(185,000)	(68,000)
Cash Flows From Investing Activities:
Proceeds from sale of assets	51,000	0
Transfers from (to) restricted cash	1,000	1,000
Capital expenditures	(25,000)	(27,000)
Other investing activities	0	5,000
Acquisition, net of cash acquired	128,000	0
Investment in parent securities	(5,000)	0
Return of capital to Parent Issuer	0
Payments from subsidiaries	0	0
Net cash provided by (used in) investing activities	150,000	(21,000)
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities	526,000	188,000
Payments on revolving credit facilities	(483,000)	(100,000)
Return of capital to Parent Issuer	0
Debt issuance costs	0	(3,000)
Payments to parent	0	0
Net cash provided by financing activities	43,000	85,000
Change in cash and cash equivalents	8,000	(4,000)
Cash and cash equivalents at beginning of period	6,000	11,000
Cash and cash equivalents at end of period	14,000	7,000
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	73,000
Advances to subsidiaries	(221,000)	(185,000)
Payments from subsidiaries	141,000	117,000
Net cash provided by (used in) investing activities	(7,000)	(68,000)
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities	116,000	168,000
Payments on revolving credit facilities	(109,000)	(100,000)
Return of capital to Parent Issuer	0
Payments to parent	0	0
Net cash provided by financing activities	7,000	68,000
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
Debt issuance costs		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	(93,000)	(69,000)
Cash Flows From Investing Activities:
Proceeds from sale of assets	50,000
Transfers from (to) restricted cash	0	2,000
Capital expenditures	(8,000)	(27,000)
Other investing activities		5,000
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	42,000	(20,000)
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities		0
Payments on revolving credit facilities		0
Return of capital to Parent Issuer	0
Debt issuance costs		0
Advances from parent	191,000	185,000
Payments to parent	(140,000)	(101,000)
Net cash provided by financing activities	51,000	84,000
Change in cash and cash equivalents	0	(4,000)
Cash and cash equivalents at beginning of period	6,000	11,000
Cash and cash equivalents at end of period	6,000	7,000
Non-Guarantor Subsidiaries | VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	(92,000)
Cash Flows From Investing Activities:
Proceeds from sale of assets	1,000
Transfers from (to) restricted cash	0
Capital expenditures	(17,000)
Other investing activities		0
Acquisition, net of cash acquired	128,000
Investment in parent securities	(5,000)
Advances to subsidiaries		0
Payments from subsidiaries	0	0
Net cash provided by (used in) investing activities	107,000
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities	410,000	0
Payments on revolving credit facilities	(344,000)	0
Return of capital to Parent Issuer	73,000
Debt issuance costs		0
Advances from parent		0
Payments to parent	0	0
Net cash provided by financing activities	(7,000)
Change in cash and cash equivalents	8,000
Cash and cash equivalents at end of period	8,000
Other | VERSO PAPER HOLDINGS LLC
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities		1,000
Cash Flows From Investing Activities:
Transfers from (to) restricted cash	1,000	(1,000)
Other investing activities		0
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	1,000	(1,000)
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities		20,000
Payments on revolving credit facilities	(30,000)	0
Return of capital to Parent Issuer	0
Debt issuance costs		(3,000)
Advances from parent	30,000	0
Payments to parent	(1,000)	(16,000)
Net cash provided by financing activities	(1,000)	1,000
Change in cash and cash equivalents		0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	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	(73,000)
Advances to subsidiaries	221,000	185,000
Payments from subsidiaries	(141,000)	(117,000)
Net cash provided by (used in) investing activities	7,000	68,000
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities		0
Payments on revolving credit facilities	0	0
Return of capital to Parent Issuer	(73,000)
Debt issuance costs		0
Advances from parent	(221,000)	(185,000)
Payments to parent	141,000	117,000
Net cash provided by financing activities	(7,000)	(68,000)
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

Uncategorized Items - vrs-20150

Label	Element	Value
New Page Holding Inc. [Member] | Secured Debt [Member]
Long-term Debt	us-gaap_LongTermDebt	$ 0
Eleven Point Seven Five Percent Senior Secured Notes, Twenty Fifteen [Member] | Verso Paper Holdings Limited Liability Company [Member] | Senior Notes [Member]
Long-term Debt	us-gaap_LongTermDebt	0
NewSubordinatedNotes [Member] | Verso Paper Holdings Limited Liability Company [Member] | Senior Subordinated Notes [Member]
Long-term Debt	us-gaap_LongTermDebt	102
Second Priority Senior Secured Notes Eight Point Seven Five Percent [Member] | Verso Paper Holdings Limited Liability Company [Member] | New Second Lien Notes [Member]
Long-term Debt	us-gaap_LongTermDebt	96
Thirteen Percent Second Priority Senior Secured Notes [Member] | Verso Paper Holdings Limited Liability Company [Member] | New Second Lien Notes [Member]
Long-term Debt	us-gaap_LongTermDebt	299
Verso Androscoggin Power LLC Revolving Credit Facility [Member] | Verso Paper Holdings Limited Liability Company [Member] | Line of Credit [Member]
Long-term Debt	us-gaap_LongTermDebt	$ 30