Billerud Americas (VRS) 10-K 20 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Feb. 28, 2017	Jun. 30, 2016
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Trading Symbol	VRS
Current Fiscal Year End Date	--12-31
Entity Public Float			$ 899,626
Entity Registrant Name	VERSO CORPORATION
Entity Central Index Key	1,421,182
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Common Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		33,429,799
Common Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		960,844

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Predecessor
Current assets:
Cash and cash equivalents		$ 4
Accounts receivable, net		226
Inventories, net		484
Assets held for sale		5
Prepaid expenses and other assets		32
Total current assets		751
Property, plant, and equipment, net		1,857
Intangibles and other assets, net		102
Total assets		2,710
Current liabilities:
Accounts payable		113
Accrued liabilities		267
Current maturities of long-term debt		2,879
Total current liabilities		3,259
Long-term debt		0
Pension benefit obligation		528
Other liabilities		106
Total liabilities		3,893
Commitments and contingencies (Note 18)		0
Equity:
Preferred stock		0
Common stock		1
Treasury stock -- at cost (241,289 shares on December 31, 2015 and no shares on December 31, 2016)		(1)
Paid-in-capital		321
Retained deficit		(1,402)
Accumulated other comprehensive (loss) income		(102)
Total deficit		(1,183)
Total liabilities and equity		$ 2,710
Successor
Current assets:
Cash and cash equivalents	$ 6
Accounts receivable, net	194
Inventories, net	445
Assets held for sale	0
Prepaid expenses and other assets	20
Total current assets	665
Property, plant, and equipment, net	1,132
Intangibles and other assets, net	58
Total assets	1,855
Current liabilities:
Accounts payable	105
Accrued liabilities	148
Current maturities of long-term debt	28
Total current liabilities	281
Long-term debt	265
Pension benefit obligation	491
Other liabilities	48
Total liabilities	1,085
Commitments and contingencies (Note 18)	0
Equity:
Preferred stock	0
Common stock	0
Treasury stock -- at cost (241,289 shares on December 31, 2015 and no shares on December 31, 2016)	0
Paid-in-capital	675
Retained deficit	(32)
Accumulated other comprehensive (loss) income	127
Total deficit	770
Total liabilities and equity	$ 1,855

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Successor
Preferred stock, par value (in dollars per share)	$ 0.01
Preferred stock, shares authorized	50,000,000
Preferred stock, shares issued	0
Treasury stock, shares	0
Warrants and Rights Outstanding	$ 10
Predecessor
Preferred stock, par value (in dollars per share)		$ 0.01
Preferred stock, shares authorized		20,000,000
Preferred stock, shares issued		0
Common stock, par value (in dollars per share)		$ 0.01
Common stock, shares authorized		250,000,000
Common stock, shares issued		82,115,543
Common stock, shares outstanding		81,874,254
Treasury stock, shares		241,289
Common Class A | Successor
Common stock, par value (in dollars per share)	$ 0.01
Common stock, shares authorized	210,000,000
Common stock, shares issued	33,366,784
Common stock, shares outstanding	33,366,784
Common Class B | Successor
Common stock, par value (in dollars per share)	$ 0.01
Common stock, shares authorized	40,000,000
Common stock, shares issued	1,023,859
Common stock, shares outstanding	1,023,859

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2015	Dec. 31, 2014
Costs and expenses:
Selling, general and administrative expenses	$ 11,000
Predecessor
Net sales		$ 1,417,000	$ 3,122,000	$ 1,297,000
Costs and expenses:
Cost of products sold (exclusive of depreciation, amortization and depletion)		1,249,000	2,727,000	1,176,000
Depreciation, amortization and depletion		100,000	308,000	91,000
Selling, general and administrative expenses		95,000	187,000	70,000
Restructuring charges		151,000	54,000	135,000
Other operating expense (income)		(57,000)	1,000	0
Operating (loss) income		(121,000)	(155,000)	(175,000)
Interest expense		39,000	270,000	142,000
Other loss, net		0	0	39,000
Loss before reorganization items, net		(160,000)	(425,000)	(356,000)
Reorganization items, net		(1,338,000)	0	0
(Loss) income before income taxes		1,178,000	(425,000)	(356,000)
Income tax benefit		0	(3,000)	(3,000)
Net (loss) income		$ 1,178,000	$ (422,000)	$ (353,000)
Loss per common share
Basic (usd per share)		$ 14.39	$ (5.19)	$ (6.62)
Diluted (usd per share)		$ 14.39	$ (5.19)	$ (6.62)
Weighted average common shares outstanding
Basic (in shares)		81,847	81,295	53,293
Diluted (in shares)		81,847	81,295	53,293
Successor
Net sales	1,224,000
Costs and expenses:
Cost of products sold (exclusive of depreciation, amortization and depletion)	1,098,000
Depreciation, amortization and depletion	93,000
Selling, general and administrative expenses	49,000
Restructuring charges	11,000
Other operating expense (income)	8,000
Operating (loss) income	(35,000)
Interest expense	17,000
Other loss, net	0
Loss before reorganization items, net	(52,000)
Reorganization items, net	0
(Loss) income before income taxes	(52,000)
Income tax benefit	(20,000)
Net (loss) income	$ (32,000)
Loss per common share
Basic (usd per share)	$ (0.93)
Diluted (usd per share)	$ (0.93)
Weighted average common shares outstanding
Basic (in shares)	34,391
Diluted (in shares)	34,391

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined benefit pension plan:
Other comprehensive (loss) income	$ 127
Predecessor
Net (loss) income		$ 1,178	$ (422)	$ (353)
Defined benefit pension plan:
Pension liability adjustment, net		0	(78)	(17)
Amortization of net loss and prior service cost		1	3	1
Other comprehensive (loss) income		1	(75)	(16)
Comprehensive (loss) income		$ 1,179	$ (497)	$ (369)
Successor
Net (loss) income	(32)
Defined benefit pension plan:
Pension liability adjustment, net	127
Amortization of net loss and prior service cost	0
Other comprehensive (loss) income	127
Comprehensive (loss) income	$ 95

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Paid-in Capital	Retained Deficit	Accumulated Other Comprehensive Income (Loss)	Common Class A	Common Class ACommon Stock	Common Class B	Common Class BCommon Stock
Common Stock, Shares, Issued (Predecessor) at Dec. 31, 2013		53,247,000
Stockholders' Equity Beginning of Period (Predecessor) at Dec. 31, 2013	$ (417,000)	$ 1,000	$ 0	$ 220,000	$ (627,000)	$ (11,000)
Treasury Stock, Shares, Beginning of Period (Predecessor) at Dec. 31, 2013			(74,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss | Predecessor	(353,000)				(353,000)
Other comprehensive income (loss) | Predecessor	(16,000)					(16,000)
Treasury shares acquired, shares | Predecessor			(24,000)
Stock option exercise, shares | Predecessor		42,000
Common stock issued for restricted stock, net, shares | Predecessor		146,000
Stock issued for NewPage acquisition | Predecessor	0
Stock issued for convertible warrants | Predecessor	0
Equity award expense | Predecessor				2,000
Issuance of Successor common stock and stock purchase warrants | Predecessor	0
Common Stock, Shares, Issued (Predecessor) at Dec. 31, 2014								53,435,000
Stockholders' Equity End of Period (Predecessor) at Dec. 31, 2014	(784,000)		$ 0	222,000	(980,000)	(27,000)		$ 1,000
Treasury Stock, Shares, End of Period (Predecessor) at Dec. 31, 2014			(98,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss | Predecessor	(422,000)				(422,000)
Other comprehensive income (loss) | Predecessor	(75,000)					(75,000)
Treasury shares acquired, shares | Predecessor			(143,000)
Treasury shares acquired | Predecessor	(1,000)		$ (1,000)
Stock option exercise, shares | Predecessor								14,000
Common stock issued for restricted stock, net, shares | Predecessor								357,000
Stock issued for NewPage acquisition, shares | Predecessor								13,607,000
Stock issued for NewPage acquisition | Predecessor	46,000			46,000
Stock issued for convertible warrants, shares | Predecessor								14,702,000
Stock issued for convertible warrants | Predecessor	50,000			50,000
Equity award expense | Predecessor	3,000			3,000
Issuance of Successor common stock and stock purchase warrants | Predecessor	$ 0
Common Stock, Shares, Issued (Predecessor) at Dec. 31, 2015	82,115,543	82,115,000
Stockholders' Equity End of Period (Predecessor) at Dec. 31, 2015	$ (1,183,000)	$ 1,000	$ (1,000)	321,000	(1,402,000)	(102,000)
Treasury Stock, Shares, End of Period (Predecessor) at Dec. 31, 2015	(241,289)		(241,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss | Predecessor	$ 1,178,000				1,178,000
Other comprehensive income (loss) | Predecessor	1,000					1,000
Treasury shares acquired, shares | Predecessor			(52,000)
Stock issued for NewPage acquisition | Predecessor	0
Stock issued for convertible warrants | Predecessor	0
Equity award expense | Predecessor	4,000			4,000
Cancellation of Predecessor common stock, shares | Predecessor								(82,115,000)
Cancellation of Predecessor common stock | Predecessor								$ (1,000)
Treasury Stock, retired, shares | Predecessor			293,000
Treasury Stock, retired, amount | Predecessor			$ 1,000
Elimination of Predecessor additional paid-in-capital, accumulated deficit, and accumulated other comprehensive loss | Predecessor				(325,000)	224,000	101,000
Issuance of Successor common stock and stock purchase warrants, shares | Predecessor								33,367,000		1,024,000
Issuance of Successor common stock and stock purchase warrants | Predecessor	675,000			675,000
Common Stock, Shares, Issued (Predecessor) at Jul. 14, 2016								33,367,000		1,024,000
Common Stock, Shares, Issued (Successor) at Jul. 14, 2016								33,367,000		1,024,000
Stockholders' Equity End of Period (Predecessor) at Jul. 14, 2016	675,000		$ 0	675,000	0	0		$ 0		$ 0
Stockholders' Equity End of Period (Successor) at Jul. 14, 2016	675,000			675,000	0	0		$ 0		$ 0
Treasury Stock, Shares, End of Period (Predecessor) at Jul. 14, 2016			0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss | Successor	(32,000)				(32,000)
Other comprehensive income (loss) | Successor	127,000					127,000
Other comprehensive income (loss)	127,000
Stock issued for NewPage acquisition | Successor	0
Stock issued for convertible warrants | Successor	0
Issuance of Successor common stock and stock purchase warrants, shares							33,366,784		1,023,859
Issuance of Successor common stock and stock purchase warrants | Successor	0
Common Stock, Shares, Issued (Successor) at Dec. 31, 2016							33,366,784	33,367,000	1,023,859	1,024,000
Stockholders' Equity End of Period (Successor) at Dec. 31, 2016	$ 770,000			$ 675,000	$ (32,000)	$ 127,000		$ 0		$ 0
Treasury Stock, Shares, End of Period (Successor) at Dec. 31, 2016	0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2015	Dec. 31, 2014
Successor
Cash Flows From Operating Activities:
Net (loss) income	$ (32,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, amortization, and depletion	93,000
Noncash restructuring charges	0
Reorganization items and fresh-start reporting adjustments, net	0
Plan amendments and settlements	(25,000)
Periodic pension expense (income)	0
Pension plan contributions	(10,000)
Amortization of debt issuance cost and discount	3,000
Equity award expense	0
Loss (gain) on disposal of assets	2,000
Deferred taxes	(20,000)
Trademark impairment	0
Other, net	0
Changes in assets and liabilities (net of assets and liabilities acquired):
Accounts receivable, net	4,000
Inventories, net	44,000
Prepaid expenses and other assets	7,000
Accounts payable	(40,000)
Accrued liabilities	(9,000)
Net cash (used in) provided by operating activities	17,000
Cash Flows From Investing Activities:
Proceeds from sale of assets	1,000
Transfers from (to) restricted cash, net	3,000
Capital expenditures	(42,000)
Other investing activities	0
Net cash (used in) provided by investing activities	(38,000)
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities	0
Payments on revolving credit facilities	0
Borrowings on debtor-in-possession revolving credit facilities	0
Payments on debtor-in-possession revolving credit facilities	0
Proceeds from debtor-in-possession term loan	0
Repayment of debtor-in-possession term loan	0
Borrowings on Exit ABL Facility	43,000
Payments on Exit ABL Facility	(51,000)
Proceeds from Exit Term Loan Facility	0
Repayment of long-term debt	(9,000)
Original issue discount on Exit Term Loan Facility	0
Debt issuance costs	(3,000)
Net cash provided by (used in) financing activities	(20,000)
Change in cash and cash equivalents	(41,000)
Cash and cash equivalents at beginning of period	47,000
Cash and cash equivalents at end of period	6,000	$ 47,000
Supplementary cash flow disclosures:
Total interest paid	12,000
Total income taxes paid (received)	0
Noncash investing and financing activities:
Issuance of Notes for Acquisition	0
Issuance of Common Stock for Acquisition	0
Issuance of Common Stock in exchange for debt modification	0
Conversion of interest payable to long-term debt	0
Reduction in debt for debt modification	0
Increase in long-term debt from paid in kind (PIK) interest	0
Issuance of Common Stock	0
Cancellation of Debt	0
Predecessor
Cash Flows From Operating Activities:
Net (loss) income		1,178,000	$ (422,000)	$ (353,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, amortization, and depletion		100,000	308,000	91,000
Noncash restructuring charges		137,000	7,000	103,000
Reorganization items and fresh-start reporting adjustments, net		(1,390,000)	0	0
Plan amendments and settlements		0	(3,000)	0
Periodic pension expense (income)		6,000	(1,000)	8,000
Pension plan contributions		(16,000)	(28,000)	(8,000)
Amortization of debt issuance cost and discount		1,000	9,000	9,000
Equity award expense		4,000	3,000	2,000
Loss (gain) on disposal of assets		(57,000)	7,000	0
Deferred taxes		0	4,000	(2,000)
Trademark impairment		0	0	6,000
Other, net		28,000	(9,000)	17,000
Changes in assets and liabilities (net of assets and liabilities acquired):
Accounts receivable, net		26,000	24,000	17,000
Inventories, net		(28,000)	15,000	17,000
Prepaid expenses and other assets		10,000	(15,000)	(15,000)
Accounts payable		68,000	(91,000)	(22,000)
Accrued liabilities		(42,000)	(74,000)	72,000
Net cash (used in) provided by operating activities		25,000	(266,000)	(58,000)
Cash Flows From Investing Activities:
Proceeds from sale of assets		63,000	51,000	1,000
Transfers from (to) restricted cash, net		(3,000)	1,000	1,000
Capital expenditures		(31,000)	(64,000)	(42,000)
Cash acquired in acquisition			128,000	0
Other investing activities		0	(5,000)	15,000
Net cash (used in) provided by investing activities		29,000	111,000	(25,000)
Cash Flows From Financing Activities:
Borrowings on revolving credit facilities		147,000	723,000	433,000
Payments on revolving credit facilities		(446,000)	(567,000)	(340,000)
Borrowings on debtor-in-possession revolving credit facilities		275,000	0	0
Payments on debtor-in-possession revolving credit facilities		(275,000)	0	0
Proceeds from debtor-in-possession term loan		175,000	0	0
Repayment of debtor-in-possession term loan		(175,000)	0	0
Borrowings on Exit ABL Facility		120,000	0	0
Payments on Exit ABL Facility		0	0	0
Proceeds from Exit Term Loan Facility		220,000	0	0
Repayment of long-term debt		0	(3,000)	(13,000)
Original issue discount on Exit Term Loan Facility		(22,000)	0	0
Debt issuance costs		(30,000)	0	(2,000)
Net cash provided by (used in) financing activities		(11,000)	153,000	78,000
Change in cash and cash equivalents		43,000	(2,000)	(5,000)
Cash and cash equivalents at beginning of period	$ 47,000	4,000	6,000	11,000
Cash and cash equivalents at end of period		47,000	4,000	6,000
Supplementary cash flow disclosures:
Total interest paid		12,000	246,000	117,000
Total income taxes paid (received)		0	0	0
Noncash investing and financing activities:
Issuance of Notes for Acquisition		0	663,000	0
Issuance of Common Stock for Acquisition		0	46,000	0
Issuance of Common Stock in exchange for debt modification		0	50,000	0
Conversion of interest payable to long-term debt		0	19,000	0
Reduction in debt for debt modification		(1,000)	(21,000)	(2,000)
Increase in long-term debt from paid in kind (PIK) interest		9,000	5,000	0
Issuance of Common Stock		675,000	0	0
Cancellation of Debt		$ (2,324,000)	$ 0	$ 0

SUMMARY OF BUSINESS AND SIGNIFI

SUMMARY OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
SUMMARY OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES In this report, the term “Verso” refers to Verso Corporation, which is the ultimate parent entity and the issuer of Class A common stock listed on the New York Stock Exchange. In December 2016, Verso Corporation completed a consolidation and reorganization of its subsidiaries, or the “Internal Reorganization.” Prior to the Internal Reorganization, Verso was the sole member of Verso Paper Finance Holdings One LLC, which was the sole member of Verso Paper Finance Holdings LLC, which was the sole member of Verso Paper Holdings LLC. As used in this report, 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., which was an indirect, wholly owned subsidiary of Verso; the term “NewPage Corp” refers to NewPage Corporation, which was 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. Each of Verso Finance, Verso Holdings, NewPage and NewPage Corp were either merged into other subsidiaries of Verso, converted into limited liability corporations, and/or renamed in the Internal Reorganization and do not exist on and after the Internal Reorganization. Unless otherwise noted, references to “the Company,” “we,” “us,” and “our” refer to Verso. Nature of Business — We operate in the following two market segments: paper and pulp. However subsequent to the Effective Date (as defined below), we determined that the operating loss of the pulp segment is immaterial for disclosure purposes (see Note 19 ). Our core business platform is as a producer of coated freesheet, specialty and coated groundwood papers. Our products are used primarily in media and marketing applications, including catalogs, magazines, commercial printing applications, such as high-end advertising brochures, annual reports, and direct-mail advertising, and specialty applications, such as flexible packaging and label and converting. Our market kraft pulp is used to manufacture printing, writing, and specialty paper grades and tissue products. Basis of Presentation — On January 7, 2015, Verso consummated the previously announced acquisition of NewPage through the merger of Verso Merger Sub Inc., an indirect, wholly owned subsidiary of Verso, or “Merger Sub,” with and into NewPage, or the “NewPage acquisition,” pursuant to an Agreement and Plan of Merger, or 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 5 ). As such, the Consolidated Financial Statements for the year ended December 31, 2015 , include the results of operations of NewPage beginning January 7, 2015. On January 26, 2016, the “Petition Date,” Verso and substantially all of its direct and indirect subsidiaries, or the “Debtors,” filed voluntary petitions for relief, the “Chapter 11 Filings,” under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware, or the “Bankruptcy Code,” in the United States Bankruptcy Court for the District of Delaware, or the “Bankruptcy Court.” On June 23, 2016, the Bankruptcy Court entered an order, the “Confirmation Order,” confirming Debtors’ First Modified Third Amended Joint Plan of Reorganization Under Chapter 11 of the Bankruptcy Code dated as of June 20, 2016, or the “Plan.” On July 15, 2016, or the “Effective Date,” the Plan became effective pursuant to its terms and the Debtors emerged from their chapter 11 cases, or the “Chapter 11 Cases” (see Note 2 ). In accordance with the provisions of Financial Accounting Standards Board, or “FASB,” Accounting Standards Codification, or “ASC,” Topic 852, Reorganizations, and in conformity with ASC Topic 805 , Business Combinations, the Company adopted fresh-start accounting upon emergence from their Chapter 11 Cases and became a new entity for financial reporting purposes as of July 15, 2016. References to “Successor” or “Successor Company” relate to Verso on and subsequent to July 15, 2016. References to “Predecessor” or “Predecessor Company” refer to Verso prior to July 15, 2016. For accounting purposes all emergence related transactions of the Predecessor including the impact of the issuance of the Successor common stock and warrants and entering into the Exit Credit Facilities (as defined below) were recorded as of July 14, 2016. Accordingly, the Consolidated Financial Statements for the Successor are not comparable to the consolidated financial statements for the Predecessor. Also in connection with the adoption of fresh-start accounting, we elected to make certain material accounting policy changes as described below. This report contains the Consolidated Financial Statements as of December 31, 2016 (Successor) and 2015 (Predecessor), for the years ended December 31, 2015 , and 2014 (Predecessor), for the period from January 1, 2016 to July 14, 2016 (Predecessor), and for the period from July 15, 2016 to December 31, 2016 (Successor). Variable interest entities for which we are the primary beneficiary are also consolidated (see Note 17 ). Intercompany balances and transactions are eliminated in consolidation. Going Concern — The accompanying Consolidated Financial Statements have been prepared on a going-concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. Use of Estimates — The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America, or “GAAP,” requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from these estimates. Revenue Recognition — Sales are recorded net of rebates, allowances, and discounts. Revenue is recognized when the customer takes title and assumes the risks and rewards of ownership, in accordance ASC Topic 605, Revenue Recognition . Revenue is recorded at the time of shipment for terms designated FOB, or “free on board,” shipping point. For sales transactions designated FOB destination, revenue is recorded when the product is delivered to the customer’s site and when title and risk of loss are transferred. Shipping and Handling Costs — Shipping and handling costs, such as freight to customer destinations, are included in Cost of products sold in the accompanying Consolidated Statements of Operations. When the sales price includes charges to customers for shipping and handling, such amounts are included in Net sales. Planned Major Maintenance Costs — Prior to the Effective Date, costs for planned major maintenance shutdowns were deferred and then expensed ratably over the period until the next major planned shutdown. Upon the Effective Date, costs for all repair and maintenance activities are expensed in the month that the related activity is performed under the direct expense method of accounting. Successor Cost of products sold/ Selling, general and administrative expenses — Certain centralized costs attributable to manufacturing overhead, including enterprise-wide human resources management, procurement, and information systems support, recorded in Selling, general, and administrative expenses of the Predecessor are recorded to Cost of products sold of the Successor. The amount recorded to Cost of products sold, related to these costs, in the accompanying Consolidated Statement of Operations for the period from July 15, 2016 to December 31, 2016 (Successor) is approximately $11 million . Environmental Costs and Obligations — Costs associated with environmental obligations, such as remediation or closure costs, are accrued when such costs are probable and reasonably estimable. Such accruals are adjusted as further information develops or circumstances change. Costs of future expenditures for environmental obligations are discounted to their present value when the timing of expected cash flows are reliably determinable. Equity Compensation — We account for equity awards in accordance with ASC Topic 718, Compensation – Stock Compensation . ASC Topic 718 requires employee equity awards to be accounted for under the fair value method. Accordingly, share-based compensation is measured at the grant date based on the fair value of the award. We use the straight-line attribution method to recognize share-based compensation over the service period of the award. Income Taxes — We account for income taxes using the liability method pursuant to ASC Topic 740, Income Taxes . Under this method, we recognize deferred tax assets and liabilities for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and our reported amounts using enacted tax rates in effect for the year the differences are expected to reverse. We record a valuation allowance to reduce the deferred tax assets to the amount that is more likely than not to be realized. We evaluate uncertain tax positions annually and consider whether the amounts recorded for income taxes are adequate to address our tax risk profile. We analyze the potential tax liabilities of specific transactions and tax positions based on management’s judgment as to the expected outcome. Earnings Per Share — We compute 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. Fair Value of Financial Instruments — The carrying amounts for cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities approximate fair value due to the short maturity of these instruments. We determine the fair value of our debt based on market information and a review of prices and terms available for similar obligations. See also Note 2 , Note 5 , Note 9 , and Note 12 , for additional information regarding fair value. 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. Cash and Cash Equivalents — Cash and cash equivalents can include highly liquid investments with a maturity of three months or less at the date of purchase. Inventories and Replacement Parts and Other Supplies — Inventory values include all costs directly associated with manufacturing products: materials, labor, and manufacturing overhead, and 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, net on the accompanying Consolidated Balance Sheet (see also Note 4 and Note 7 ). 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 (see Note 6 ). Depreciation and amortization are computed using the straight-line method for all assets over the assets’ estimated useful lives. Estimated useful lives are as follows: (Years) Predecessor Successor Buildings and building improvements 20 - 40 20 - 40 Land improvements 20 10 - 20 Machinery and equipment 10 - 20 3 - 20 Furniture and office equipment 3 - 10 10 Computer hardware and software 3 - 6 3 - 7 Leasehold improvements Over the shorter of the lease term or the useful life of the improvements Over the shorter of the lease term or the useful life of the improvements Intangible Assets — We account for intangible assets in accordance with ASC Topic 350, Intangibles – Goodwill and Other . Intangible assets of the Predecessor consisted of indefinite-lived trademarks, customer-related intangible assets, which were amortized over their estimated useful lives of approximately 20 to 25 years, and patents which were amortized over their legal lives of 10 years . As part of fresh-start accounting, we wrote-off the existing intangible assets and accumulated amortization of the Predecessor and recorded an adjustment of $30 million to reflect the fair value of the Intangible and other assets of the Successor (see also Note 2 ). The intangible assets of the Successor are comprised of customer relationships with a useful life of 10 years and trademarks with a five year useful life. Both are amortized on a straight-line basis. The fair value of trademarks was determined based on the Relief from Royalty method. We assumed a royalty rate of 0.25% and a five year economic life for our trademarks. The rate was based on analysis of market information. Impairment of Long-Lived Assets — Long-lived assets are reviewed for impairment upon the occurrence of events or changes in circumstances that indicate that the carrying value of the assets may not be recoverable, as measured by comparing their net book value to the estimated undiscounted future cash flows generated by their use. Impaired assets are recorded at estimated fair value, determined principally using discounted cash flows. Allowance for Doubtful Accounts — We maintain an allowance for doubtful accounts for estimated losses resulting from the inability of customers to make required payments. We manage credit risk related to our trade accounts receivable by continually monitoring the creditworthiness of our customers to whom credit is granted in the normal course of business. Trade accounts receivable balances were approximately $191 million at December 31, 2016 (Successor) and $215 million at December 31, 2015 (Predecessor). As of December 31, 2016 (Successor), our largest customer accounted for approximately 23% of our accounts receivable. As of December 31, 2015 (Predecessor), our largest customer accounted for approximately 19% of our accounts receivable. We establish our allowance for doubtful accounts based upon factors surrounding the credit risks of specific customers, historical trends, and other information. Based on this assessment, an allowance is maintained that represents what is believed to be ultimately uncollectible from such customers. The allowance for doubtful accounts was approximately $1 million at December 31, 2016 (Successor) and December 31, 2015 (Predecessor). Deferred Financing Costs — We record costs incurred in connection with borrowings or establishment of credit facilities as contra-liabilities in accordance with ASU 2015-03 (see Note 3 ). These costs are amortized as an adjustment to interest expense over the life of the borrowing or life of the credit facilities using the effective interest method. In the case of early debt principal repayments, we adjust the carrying value of the corresponding deferred financing costs with a charge to interest expense, and similarly adjust the future amortization expense. 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. As of December 31, 2016 (Successor) and December 31, 2015 (Predecessor), approximately $2 million and $1 million , respectively, of restricted cash was included in Intangibles and other assets, net in the accompanying Consolidated Balance Sheets related to 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 activity related to our asset retirement obligations for the periods presented. Long-term obligations are included in Other liabilities and current portions are included in Accrued liabilities in the accompanying Consolidated Balance Sheets: Predecessor Successor Year Ended January 1, 2016 July 15, 2016 December 31, Through Through (Dollars in millions) 2015 July 14, 2016 December 31, 2016 Asset retirement obligations, beginning balance $ 8 $ 16 $ 13 Liabilities assumed in the NewPage acquisition 9 — — Settlement of existing liabilities (2 ) — — Accretion expense 1 — — Adjustments to existing liabilities — (3 ) 1 Asset retirement obligations, ending balance 16 13 14 Less: Current portion — — (1 ) Non-current portion of asset retirement obligations, ending balance $ 16 $ 13 $ 13 The increase in the liability for the year ended 2015 was primarily attributable to the assumption of the asset retirement obligation liabilities associated with landfills acquired in connection with the NewPage acquisition. 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, no liability for such remediation was recorded. Pension and other postemployment benefits — Pension plans cover substantially all of our employees. The defined benefit plans are funded in conformity with the funding requirements of applicable government regulations. Prior service costs are amortized on a straight-line basis over the estimated remaining service periods of employees. Certain employees are covered by defined contribution plans. Our contributions to these plans are based on a percentage of employees’ compensation or employees’ contributions. Accumulated Other Comprehensive Income (Loss) — The following table summarizes the changes in Accumulated other comprehensive income (loss) by balance type for periods presented: (Dollars in millions) Defined Benefit Pension Items Accumulated other comprehensive loss as of December 31, 2013 - Predecessor $ (11 ) Amounts reclassified from Accumulated other comprehensive loss to Cost of products sold 1 Pension liability adjustment (17 ) Net increase in other comprehensive loss (16 ) Accumulated other comprehensive loss as of December 31, 2014 -Predecessor (27 ) Amounts reclassified from Accumulated other comprehensive loss to Cost of products sold 3 Pension liability adjustment (78 ) Net increase in other comprehensive loss (75 ) Accumulated other comprehensive loss as of December 31, 2015 - Predecessor (102 ) Amounts reclassified from Accumulated other comprehensive loss to Cost of products sold 1 Elimination of Predecessor accumulated other comprehensive loss 101 Balance - July 14, 2016 - Predecessor — Balance - July 14, 2016 - Successor — Pension liability adjustment, net 127 Net increase in other comprehensive income 127 Accumulated other comprehensive income as of December 31, 2016 - Successor $ 127 Troubled Debt Restructuring — The Predecessor accounted for a portion of its 11.75% Senior Secured Notes issued in 2012 and all of its 13% Second Priority Secured Notes and 16% Senior Subordinated Notes, both issued in 2015, in accordance with ASC Topic 470, Debt, by recording the value exchanged and amortizing the amount in excess of par over the life of the notes. In accordance with ASC Topic 470, debt is considered to have been modified in a troubled debt restructuring when, due to a borrower’s financial difficulties, the lender makes concessions to the borrower that it would not otherwise consider for a non-troubled borrower. Modifications may include principal adjustments, interest rate adjustments, additional equity transfers, interest only payments for an extended period of time, or protracted terms such as amortization and maturity beyond the customary length of time found in the normal market place (see Note 9 ). NewPage Acquisition — We have accounted for the NewPage Acquisition in accordance with ASC Topic 805, Business Combinations, by recognizing and measuring the total consideration transferred to and the assets acquired and liabilities assumed at their estimated fair values. The 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 valuations reflected herein consist of appraisals, discounted cash flow analyses, or other appropriate valuation techniques to determine the fair value of the assets acquired and liabilities assumed (see Note 5 ).

BANKRUPTCY RELATED DISCLOSURES

BANKRUPTCY RELATED DISCLOSURES	12 Months Ended
	Dec. 31, 2016
Reorganizations [Abstract]
BANKRUPTCY RELATED DISCLOSURES	BANKRUPTCY RELATED DISCLOSURES Chapter 11 Filing On the Petition Date, the Debtors filed the Chapter 11 Filings in the Bankruptcy Court. The Chapter 11 Filings constituted an event of default and automatic acceleration under the agreements governing all of the Predecessor’s debt (excluding the $23 million loan from Verso Finance Holdings to Chase NMTC Verso Investment Fund). The Chapter 11 Cases were consolidated for procedural purposes only and administered jointly under the caption “In re: Verso Corporation, et al., Case No. 16-10163.” During the pendency of the Chapter 11 Cases, Verso continued to manage its properties and operated our businesses as a “debtor-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. In connection with the Chapter 11 Cases, on January 26, 2016, the Debtors entered into a Restructuring Support Agreement, or “RSA,” with creditors who collectively held at least a majority in principal amount of substantially all tranches of the Debtors’ outstanding debt, or the “Consenting Creditors.” The RSA contemplated the implementation of a restructuring through a conversion of approximately $2.4 billion of the Debtors’ outstanding debt into equity. The RSA incorporated the economic terms agreed to by the parties reflected in a term sheet within the RSA. The restructuring transactions were effectuated through the Plan as described below. Verso Finance, Verso Holdings and certain of its subsidiaries entered into the Verso DIP Facility (as defined in Note 9) for an aggregate principal amount of up to $100 million , and NewPage Corp and certain of its subsidiaries entered into the NewPage DIP ABL Facility (as defined in Note 9 ) for an aggregate principal amount of up to $325 million and the NewPage DIP Term Loan Facility for an aggregate principal amount of $350 million (See Note 9 ). The NewPage DIP Term Loan Facility consisted of $175 million of new money term loans and $175 million of loans that aggregated and replaced existing loans, or “NewPage DIP Roll Up Loans,” to refinance loans outstanding under the existing term loan facility of NewPage Corp that were outstanding on the Petition Date. The Company operated in the normal course of business during the reorganization process. Unless otherwise authorized by the Bankruptcy Court, the Bankruptcy Code prohibited the Company from making payments to creditors for goods furnished and services provided prior to the Petition Date. Vendors were, however, paid for goods furnished and services provided after the Petition Date in the ordinary course of business. Plan of Reorganization and Emergence from Chapter 11 On March 26, 2016, the Debtors filed the Plan with the Bankruptcy Court together with a disclosure statement in respect of the Plan. The Plan set forth, among other things, the treatment of claims against and equity interests in the Debtors. On June 23, 2016, the Bankruptcy Court entered the Confirmation Order, confirming the Plan. On the Effective Date, the Plan became effective pursuant to its terms and the Debtors emerged from their Chapter 11 Cases. Key components of the Plan include: • Entry into an asset-based loan facility and a term loan facility upon emergence from Chapter 11 on July 15, 2016. These facilities provided exit financing in an amount sufficient to repay in full all amounts outstanding under the Verso debtor-in-possession credit agreements of Verso Holdings and its subsidiaries, pay fees and expenses related to the facilities and the emergence of Verso and its subsidiaries from bankruptcy. See “Exit Credit Facilities” below. ◦ The satisfaction in full in cash of claims under the Verso DIP Facility (as defined below), claims under the NewPage DIP ABL Facility (as defined below), claims relating to the $175 million of new money term loans under the NewPage DIP Term Loan Facility (as defined below), and claims entitled to administrative expense or priority status under the Bankruptcy Code. • Issuance of 34,390,643 shares of common stock or 100% of Verso’s equity (subject to dilution by warrants issued to certain creditors described below, or “Plan Warrants,” and equity issuable to our employees under a management incentive plan) to our existing creditors in exchange for the cancellation of all of the Debtors’ pre-petition indebtedness (principal and interest) existing as of the date of bankruptcy totaling $2.6 billion . ◦ Holders of first-lien secured debt issued by Verso Holdings, including lenders under Verso Holdings’ revolving credit facilities and the holders of Verso Holdings’ 11.75% senior secured notes due 2019 (issued in 2012 and 2015), received 17,195,319 shares of Class A Common Stock, par value $0.01 per share, or Verso’s “Class A Common Stock,” or 50% of Verso’s equity and Plan Warrants to purchase 1,810,035 shares of Class A Common Stock at an initial exercise price of $27.86 . ◦ Lenders under the NewPage Corp senior secured term loan and the $175 million of “rolled up” term loans under the NewPage DIP Term Loan Facility, collectively, received 15,139,745 shares of Class A Common Stock and 1,023,859 shares of Class B Common Stock, par value $0.01 per share, or our “Class B Common Stock,” or 47% of Verso’s equity. ◦ Holders of Verso Holdings’ senior debt received 980,133 shares of Class A Common Stock or 2.85% of Verso’s equity. ◦ Holders of Verso Holdings’ subordinated (unsecured) debt received 51,587 shares of Class A Common Stock or 0.15% of Verso’s equity. • The satisfaction in full of general unsecured claims in an aggregate settlement totaling a fixed $3 million in cash (except with respect to general unsecured claims against Debtors that have only de minimis assets, which have received no distributions under the Plan). • All shares of Verso’s common stock issued and outstanding immediately prior to the Effective Date were cancelled and discharged. • The shared services agreement between Verso, NewPage and NewPage Corp was terminated. • The prior employee incentive plans and other employment agreements were terminated and any awards issued under them were no longer honored, and a new performance incentive plan was adopted by Verso. See “Performance Incentive Plan” below. • Termination of the Management and Transaction Fee Agreement dated as of August 1, 2006 among Verso Paper LLC, Verso Paper Investments LP, Apollo Management V, L.P., and Apollo Management VI, L.P., and all rights and remedies thereunder were terminated, extinguished, waived and released. • Employee retirement contracts and collective bargaining agreements were honored by the Company upon emergence. Exit Credit Facilities On the Effective Date, pursuant to the terms of the Plan, Verso Holdings entered into a $375 million asset-based revolving credit facility, or the “Exit ABL Facility,” and a senior secured term loan agreement that provides for term loan commitments of $220 million with available loan proceeds of $198 million , or the “ Exit Term Loan Facility,” collectively termed the “Exit Credit Facilities” (See Note 9 ). Registration Rights Agreement On the Effective Date, and in accordance with the Plan, the Company entered into a Registration Rights Agreement with two of the Company’s stockholders, who each owned 7% or more of the Company’s Class A Common Stock and were also holders of senior debt as of the Petition Date. The Registration Right Agreement since expired by its terms because neither stockholder notified the Company it had increased its ownership to 10% or more of the Company’s Class A Common Stock on or before October 13, 2016. Plan Warrants On the Effective Date, and in accordance with the Plan, warrants to purchase up to an aggregate of 1,810,035 shares of Class A Common Stock were issued to holders of first-lien secured debt holders. Each Plan Warrant has a seven year term (commencing on the Effective Date) and has an initial exercise price of $27.86 per share of Class A Common Stock. The warrant agreement governing the Plan Warrants, or the “Warrant Agreement,” contains customary anti-dilution adjustments in the event of any stock split, reverse stock split, reclassification, stock dividend or other distributions. In addition, the Warrant Agreement provides for anti-dilution adjustments in the event of below market stock issuances at less than 95% of the average closing price of the Class A Common Stock for the 10 consecutive trading days immediately prior to the applicable determination date, and for pro rata repurchases of Class A Common Stock. The fair value of the Plan Warrants was estimated on the Effective Date using the Black-Scholes option pricing model. The weighted average assumptions used included a risk free interest rate of 1% , an expected stock price volatility factor of 37% and a dividend rate of 0% . The aggregate fair value of the Plan Warrants was $10 million on the Effective Date. Performance Incentive Plan On the Effective Date, pursuant to the operation of the Plan, the Verso Corporation Performance Incentive Plan became effective. The maximum number of shares of Class A Common Stock that may be issued or transferred pursuant to awards under this plan is 3,620,067 . The Compensation Committee of the Board of Directors is the administrator of the Verso Corporation Performance Incentive Plan. There were no stock awards issued on the Effective Date pursuant to the Plan. Reporting During Bankruptcy During the pendency of Debtors’ Chapter 11 Cases, expenses, gains and losses directly associated with reorganization proceedings were reported as Reorganization items, net in the accompanying Consolidated Statement of Operations and liabilities subject to compromise in the Chapter 11 Cases were segregated from liabilities of non-filing entities, fully secured liabilities not expected to be compromised and from post-petition liabilities. In addition, effective as of the Petition Date and during the pendency of the Debtors’ Chapter 11 Cases, The Company ceased recording contractual interest expense on the outstanding pre-petition debt classified as liabilities subject to compromise. Upon the Debtors’ emergence from their Chapter 11 Cases, the Company settled and extinguished or reinstated liabilities that were subject to compromise. Fresh-Start Accounting Under ASC 852 Reorganizations , fresh-start accounting is required upon emergence from Chapter 11 if (i) the value of the assets of the emerging entity immediately before the date of confirmation is less than the total of all post-petition liabilities and allowed claims; and (ii) holders of existing voting shares immediately before confirmation receive less than 50% of the voting shares of the emerging entity. The Company qualified for and adopted fresh-start accounting as of the Effective Date. Adopting fresh-start accounting results in a new reporting entity with no beginning retained earnings or deficits. The cancellation of all existing shares outstanding on the Effective Date and issuance of new shares of the reorganized entity caused a change of control of the Company under ASC 852. Adoption of fresh-start accounting also resulted in Verso recording the Company’s assets and liabilities at their fair value as of the Effective Date in conformity with ASC 805, Business Combinations . The fair values of the Company’s assets and liabilities as of that date differed materially from the recorded values of its assets and liabilities as reflected in its historical consolidated financial statements. In addition, the Company’s adoption of fresh-start accounting materially affected its results of operations following the fresh-start reporting date, as the Company had a new basis in its assets and liabilities. The Company also adopted various new accounting policies in connection with its adoption of fresh-start accounting. Consequently, the Company’s financial statements on or after the Effective Date are not comparable with the financial statements prior to that date and the historical financial statements before the Effective Date are not reliable indicators of its financial condition and results of operations for any period after it adopted fresh-start accounting. Reorganization Value Reorganization value is the value attributed to an entity emerging from bankruptcy, as well as the expected net realizable value of those assets that will be disposed before emergence occurs. This value is viewed as the value of the entity before considering liabilities and approximates the amount a willing buyer would pay for the assets of the entity immediately after emergence. Fresh-start accounting requires that the reporting entity allocate the reorganization value to its assets and liabilities in relation to their fair values upon emergence from Chapter 11. The Company’s valuation of the reorganized Company dated as of April 27, 2016 , which was included in the Disclosure Statement related to the Plan, purported the estimated enterprise value of the Company to be in a range between $ 1.05 billion and $ 1.10 billion . The estimated enterprise value, which was approved by the Bankruptcy Court, included the equity value in a range between $675 million and $725 million . As part of determining the reorganization value as of July 15, 2016, the Company estimated the equity value of the Successor to be $675 million and the reorganization value to be approximately $2 billion . As the Company issued 100% of its equity to existing creditors in exchange for the cancellation of all pre-petition indebtedness upon confirmation of the Plan, the distribution of Company’s equity in settlement of pre-existing indebtedness was the primary objective of the Plan. Accordingly, Verso’s equity value represents the primary assumption utilized by the Company in the determination of reorganization value. The Company believes that an equity value at the low-end of the range of $675 - $725 million was appropriate due to declines in projected operating performance from the submission of the Plan through the Effective Date. In order to determine the reorganization value, Verso estimated the enterprise value of the Successor utilizing the discounted cash flow analysis, comparable company analysis, and precedent transaction analysis. The use of each approach provides corroboration for the other approaches. To estimate the fair value utilizing the discounted cash flow analysis, Verso established an estimate of future cash flows for the period from 2016 to 2025 and discounted the estimated future cash flows to the present value. The expected cash flows for the period 2016 to 2025 were derived from earnings forecasts and assumptions regarding growth and margin projections, as applicable, and expressed as a multiple of EBITDA (defined below). The discount rate of 9.5% was estimated based on an after-tax weighted average cost of capital reflecting the rate of return that would be expected by a market participant. To estimate the fair value utilizing the comparable company analysis, Verso estimated the value of the company based on a relative comparison with other publicly traded companies with similar operating and financial characteristics. Under this methodology, valuation multiples, derived from the operating data of publicly-traded benchmark companies such as the projected financial measures of revenue and earnings before interest, taxes, depreciation, and amortization, or “EBITDA” were applied to projected operating data of Verso. To estimate the fair value utilizing the precedent transaction analysis method, Verso determined an estimate of value by examining merger and acquisition transactions involving paper companies. The valuation paid in such acquisitions or implied in such mergers were analyzed as ratios of various financial results. These transaction multiples were calculated based on the purchase price (including any debt assumed) paid to acquire companies that are comparable to Verso. The fair value of the Plan Warrants was estimated on the Effective Date using the Black-Scholes option pricing model with the following assumptions. The weighted average assumptions used included a risk free interest rate of 1% , an expected stock price volatility factor of 37% and a dividend rate of 0% . The aggregate fair value of the Plan Warrants was determined to be $10 million on the Effective Date, therefore the residual common stock value was determined to be $665 million . The following table reconciles the equity value to the estimated reorganization value as of the Effective Date: Value of Successor Stock $ 665 Add: Fair value of Plan Warrants 10 Equity Value 675 Add: Fair value of long-term debt 318 Add: Other non-interest bearing liabilities 1,021 Less: Debt issuance costs (8 ) Reorganization value of Successor assets $ 2,006 The fair value and carrying value of debt represented $318 million of borrowings under the Exit Credit Facilities on the Effective Date. The fair value of long-term debt was determined based on a market approach utilizing market yields and was estimated to be approximately 94% of the par value (or less $22 million original issue discount on the Exit Term Loan Facility - See Note 9 ). The Company’s reorganization value was allocated to its assets and liabilities in conformity with ASC 805 . The valuation of the Company’s assets and liabilities in connection with fresh-start accounting include the following general valuation approaches: • The income approach was used to estimate value based on the present value of future economic benefits that are expected to be produced; • The market approach was used to estimate the value through the analysis of recent sales of comparable assets or business entities; • The cost approach was used to provide a systematic framework for estimating the value of tangible assets or intangible assets based on the economic principal of substitution. The significant assumptions related to the valuation of the Company’s assets are included in the footnotes to the Fresh-Start Balance sheet below. Most valuation inputs, related to inventory, property, plant and equipment, and intangible assets are considered to be Level 3 inputs as they are based on significant inputs that are not observable in the market. For additional information on Level 1, Level 2, and Level 3 inputs, refer to Note 1 . Reorganization Adjustments The consolidated financial information below gives effect to the following Reorganization Adjustments, the Plan and the implementation of the transactions contemplated by the Plan . These adjustments give effect to the terms of the Plan and certain underlying assumptions, which include, but are not limited to, the following: • Borrowing of $318 million from the Exit Credit Facilities; • Issuance of 34,390,643 shares of stock or 100% of Verso’s equity and Plan Warrants to purchase an aggregate of 1,810,035 shares of Class A Common Stock in exchange for the cancellation of all of our pre-petition indebtedness existing as of the Petition Date totaling $2.6 billion ; • Payment for the satisfaction of general unsecured claims in aggregate settlement totaling $3 million ; and • Repayment of $279 million of liabilities under the DIP Facilities. Fresh-Start Balance Sheet The following fresh-start balance sheet as of the Effective Date, July 15, 2016, illustrates the financial effects on the Company of the implementation of the Plan and the adoption of fresh-start reporting. This fresh-start balance sheet reflects the effect of the completion of the transactions included in the Plan, including the issuance of successor equity and the settlement of old indebtedness. Reorganization adjustments, shown in column 2 of the following schedule, represent amounts recorded on the Effective Date for the implementation of the Plan, including the settlement of liabilities subject to comprise and related payments, the issuance of new shares of common stock and new warrants, repayment of the DIP Facilities and cancellation of Predecessor common stock. Fresh-start adjustments, as shown in column 3 of the following schedule, represent amounts recorded on the Effective Date as a result of the adoption of fresh-start accounting, which resulted in Verso becoming a new entity for financial reporting purposes. The Company’s assets and liabilities have been recorded at fair value as of the fresh-start reporting date or Effective Date. Correction of Previously Reported Predecessor Amounts - The information included in the Bankruptcy related disclosures footnote herein has been corrected from that previously reported in the Quarterly Report on Form 10-Q for the 3rd quarter of 2016 to reflect the correction of errors identified during the fourth quarter financial close reporting process related to the impacts of plan effects of reorganization and fresh start accounting. The errors identified had no impact on net income and were isolated to the condensed consolidated quarterly financial statements for the quarter ended September 30, 2016. The Company assessed the materiality of the errors on previously issued interim financial statements in accordance with SEC Staff Accounting Bulletin Topic 1M and concluded that the errors were not material to the condensed consolidated financial statements for the quarter ended September 30, 2016. The Bankruptcy related disclosures footnote for the period July 1, 2016 to July 14, 2016 and the period January 1, 2016 to July 14, 2016 presented in the consolidated financial statements herein reflect a decrease in current assets of $2 million , an increase in current liabilities of $8 million and a decrease of $10 million in Reorganization, net related to the impact of the reorganization offset by an increase in Property, plant and equipment and reorganization, net of $10 million . Predecessor Reorganization Adjustments Fresh-Start Adjustments Successor ASSETS Current assets: Cash and cash equivalents $ 27 $ 20 (a) $ — $ 47 Accounts receivable, net 201 — (2 ) 199 Inventories 503 — (14 ) (l) 489 Prepaid expenses and other assets 27 (3 ) — 24 Total current assets 758 17 (16 ) 759 Property, plant, and equipment, net 1,660 — (480 ) (m) 1,180 Intangibles and other assets, net 97 — (30 ) (n) 67 Total assets $ 2,515 $ 17 $ (526 ) $ 2,006 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 103 $ 41 (b) $ — $ 144 Accrued liabilities 140 10 (c) 2 152 Current maturities of long-term debt 461 (443 ) (d) — 18 Total current liabilities 704 (392 ) 2 314 Long-term debt — 292 (e) — 292 Other liabilities 597 5 (f) 123 (o) 725 Liabilities subject to compromise 2,535 (2,535 ) (g) — — Total liabilities 3,836 (2,630 ) 125 1,331 Commitment and contingencies Equity: Predecessor preferred stock — — — — Successor preferred stock — — — — Predecessor common stock 1 (1 ) (h) — — Successor common stock — — (i) — — Treasury stock (1 ) 1 (h) — — Predecessor paid-in capital 322 (322 ) (h) — — Successor paid-in-capital — 665 (i) — 665 Warrants — 10 (j) — 10 Retained (deficit) earnings (1,541 ) 2,294 (k) (753 ) (p) — Accumulated other comprehensive loss (102 ) — 102 (p) — Total (deficit) equity (1,321 ) 2,647 (651 ) 675 Total liabilities and equity $ 2,515 $ 17 $ (526 ) $ 2,006 Reorganization Adjustments (a) Reflects payments and receipts recorded as of the Effective Date as follows: Sources: Amount borrowed under the Exit Credit Facilities $ 340 Less discount on Exit Term Loan Facility (22 ) Total Sources 318 Uses: Repayment of DIP facility (principal and interest) (279 ) Payment of deferred financing costs on exit financing (8 ) Payment of professional fees (8 ) Aggregate settlement of unsecured claims (3 ) Total uses (298 ) Net source $ 20 (b) Represents recognition of accounts payable related to the cure of defaults for assumed executory contracts and leases. (c) Primarily represents recognition of accrued liabilities for success-based professional fees upon the Company’s emergence from its Chapter 11 Cases. (d) Represents the short-term portion of borrowing pursuant to the Exit Term Loan Facility net of the payment of the principal balance of the NewPage DIP Facilities and settlement of the NewPage DIP Roll Up Loan: Short-term portion of Exit Term Loan $ 18 Payment of the NewPage DIP Facilities (278 ) Settlement of NewPage DIP Roll Up Loans (183 ) $ (443 ) (e) Represents the long-term portion of the Exit Term Loan Facility and Exit ABL Facility net of debt issuance costs as follows: Exit ABL Facility Borrowing $ 120 Exit Term Loan Facility Borrowing 220 Debt Discount (22 ) Debt issuance costs (8 ) Less: Current Portion (18 ) Long-term Debt $ 292 (f) Primarily represents the reinstatement of certain pre-petition liabilities from liabilities subject to compromise, or “LSTC.” (g) LSTC under the Plan reflected the Company’s estimate of pre-petition liabilities and other expected allowed claims to be addressed by the Chapter 11 Cases. Debt amounts excluded related unamortized deferred financing costs, discounts/premiums, and deferred gains which were written off to Reorganization items, net, in the accompanying Consolidated Statement of Operations prior to our emergence from bankruptcy. Amounts classified to LSTC did not include pre-petition liabilities that were fully collateralized by letters of credit or cash deposits. Borrowing under the NewPage DIP Roll-Up Notes represented borrowing during the pendency of the Company’s bankruptcy and were settled in exchange for stock as described above. Both the LSTC and NewPage DIP Roll-Up Notes were resolved and satisfied as of the Effective Date. This entry records the settlement of LSTC and the NewPage DIP Roll Up Loans: Settlement of LSTC debt $ (2,324 ) Settlement of LSTC accrued interest (126 ) Settlement of LSTC accounts payable and accrued liabilities (85 ) Settlement of LSTC (2,535 ) Settlement of NewPage DIP Roll-Up Loans (principal and interest) (184 ) Reinstatement of certain liabilities from LSTC 49 Cash paid for the satisfaction of unsecured claims in aggregate settlement 3 Issuance of New Common Stock 665 Issuance of Plan Warrants 10 Net gain on settlement of LSTC and DIP Roll-Up Loans $ (1,992 ) (h) Reflects the cancellation of Predecessor equity (i) Reflects the issuance of 34,390,643 shares common stock, or 100% of the Company’s equity (subject to dilution by Plan Warrants issued to certain creditors and equity that may be issued to our employees under the management incentive plan) to existing creditors for the cancellation of indebtedness. (j) Reflects the issuance of Plan Warrants to purchase up to 1,810,035 shares of Class A Common Stock at an initial exercise price of $27.86 issued to holder of first-lien secured debt holders in exchange for the cancellation of indebtedness. (k) Reflects the cumulative impact of the reorganization adjustment discussed above: Gain on settlement of LSTC $ 1,992 Professional fees paid at emergence (8 ) Success fees accrued at emergence (12 ) Net gain on reorganization adjustments 1,972 Cancellation of Predecessor equity (1) 322 Net impact to Retained earnings $ 2,294 (1) Net of recognition of previously unamortized stock compensation cost of the Predecessor. Fresh-Start Adjustments (l) An adjustment of $14 million was recorded to decrease the book value of inventories to their estimated fair value as follows: Replacement parts and other supplies $ (52 ) Work-in-process and finished goods 38 $ (14 ) • The fair value of work-in-process was determined based on the estimated selling price once completed less costs to complete the manufacturing effort, costs to sell including disposal and holding period costs, and a reasonable profit margin. • The fair value of finished goods inventory was determined based on the estimated price to sell including disposal and holding period costs and a reasonable profit margin on the selling and disposal. • The fair value of replacement parts and other supplies was determined based upon the cost approach. This approach considers the amount required to purchase a new asset of equal utility at current market prices, with adjustments in value for functional and economic obsolescence. Functional obsolescence is the loss in value of usefulness of an asset caused by inefficiencies or inadequacies of the asset itself, when compared to a more efficient or less costly replacement parts that a new technology has developed. Economic obsolescence is the loss in value of usefulness of an asset due to factors external to the asset such as the cost of materials, related demand for the product, increased competition, and environmental regulations. (m) Represents the adjustment to reduce the net book value of Property, plant, and equipment, net to fair value. The adjustment to the fair value of Property, plant and equipment, net was attributable to an adjustment of $382 million to machinery and equipment and an adjustment of $98 million to real estate. The fair value of the machinery and equipment was determined as follows: • The cost approach was utilized to determine the fair market value of machinery and equipment. This approach considers the amount required to construct or purchase a new asset of equal utility at current market prices, with adjustments in value for functional and economic obsolescence. Functional obsolescence is the loss in value of usefulness of an asset caused by inefficiencies or inadequacies of the property itself, when compared to a more efficient or less costly replacement property that a new technology has developed. Economic obsolescence is the loss in value of usefulness of an asset due to factors external to the asset such as the cost of materials, related demand for the product, increased competition, and environmental regulations. • The sales approach was also used to determine the fair market value of machinery and equipment. The principal behind this approach is the value of the asset is equal to the market price of an asset with comparable features such as design, location, size, construction materials, use, capacity, specifications, operational characteristics, technology level, accessories and other features that may impact value or marketability. • The income approach was also used to determine the fair market value of machinery and equipment. The principal behind this approach is the value of the asset is equal to the earnings potential of the assets such as the net rental savings attributable to owning the asset. The adjustment related to real estate fair value was determined as follows: • The market approach was utilized to determine the fair market value of real estate. This approach considers comparable land sale data and land held for sale. Variances in market conditions at the time of sale, property characteristics, and other relevant factors were considered and analyzed when necessary. • Land and building improvements were valued utilized using the cost approach which considers the replacement cost of the improvement. (n) An adjustment of $30 million was recorded to decrease the book value to fair value of Intangible and Other Assets to estimated fair value as follows: Successor Trade Names $ 16 Successor Customer Relationships 26 Write-off of Predecessor intangible and other assets (72 ) $ (30 ) See Note 7 , Intangibles and Other Assets, for further discussion of the valuation assumptions used to determine the fair value of intangible assets. (o) Represents an adjustment to the fair value of pension and postretirement obligations totaling $135 million , off-set by the write-off of $8 million of tax liabilities resulting from the Reorganization Adjustments, and other adjustments to asset retirement obligations and workers’ compensation reserves. Refer to Note 12 , Retirement and Other Postretirement Benefits for additional information. (p) Reflects the cumulative impact of fresh-start adjustments as discussed above and shown in the table below and the elimination of the Predecessor accumulated other comprehensive income: Accounts Receivable, net $ (2 ) Inventory (14 ) Write down Property, plant and equipment, net (480 ) Record fair value of Intangibles and Other Assets (30 ) Accrued Liabilities (2 ) Other Long-Term Liabilities 4 Pension (135 ) Change in deferred taxes 8 Total loss recorded as a result of Fresh-Start Accounting (651 ) Elimination of Predecessor accumulated other comprehensive loss (102 ) Net impact on Retained earnings (deficit) $ (753 ) Contractual Interest Effective January 26, 2016, we discontinued recording interest expense on outstanding pre-petition debt classified as LSTC. The table below shows contractual interest amounts for debt classified as LSTC calculated in accordance with the respective agreement

RECENT ACCOUNTING DEVELOPMENTS

RECENT ACCOUNTING DEVELOPMENTS	12 Months Ended
	Dec. 31, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
RECENT ACCOUNTING DEVELOPMENTS	RECENT ACCOUNTING DEVELOPMENTS Accounting Changes Implemented ASC Topic 323, Investments – Equity Method and Joint Ventures. In March 2016, FASB issued Accounting Standards Update, or “ASU,” 2016-07, Investments - Equity Method and Joint Ventures: Simplifying the Transition to the Equity Method of Accounting , which changes the requirements for equity method accounting when an investment qualifies for use of the equity method as a result of an increase in the investor’s ownership interest in or degree of influence over an investee. The guidance (i) eliminates the need to retroactively apply the equity method of accounting upon qualifying for such treatment, (ii) requires that the cost of acquiring the additional interest in an investee be added to the basis of the previously held interest and (iii) requires that unrealized holding gains or losses for available-for-sale equity securities that qualify for the equity method of accounting be recognized in earnings at the date the investment becomes qualified for use of the equity method of accounting. The Company adopted this guidance in first quarter 2016 on a prospective basis and it did not impact our Consolidated Financial Statements. ASC Topic 740, Income Taxes. In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes , which addresses the balance sheet classification of deferred taxes. This update requires that deferred tax liabilities and assets be classified as noncurrent in the classified statement of financial position. The amendment is effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. We elected to early adopt the new requirement. The amendment was adopted for the December 31, 2015 Consolidated Balance Sheet and prior periods were not retrospectively reclassified. The adoption of this amendment in 2015 did not have a material impact on the presentation of our Consolidated Financial Statements. ASC Topic 805, Business Combinations . In September 2015, the FASB issued ASU 2015-16, Simplifying the Accounting for Measurement-Period Adjustments . This guidance eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. The acquirer must record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. This guidance is effective for fiscal years beginning after December 15, 2015, and early adoption is permitted. The Company adopted this guidance on January 1, 2016 on a prospective basis and it did not impact our Consolidated Financial Statements. ASC Topic 815, Derivatives and Hedging . In August 2015, the FASB issued ASU 2015-13, Application of the Normal Purchases and Normal Sales Scope Exception to Certain Electricity Contracts within Nodal Energy Markets . This ASU allows the application of the normal purchases and normal sales scope exception to energy purchases or sales in nodal energy markets. According to ASU 2015-13, the use of locational marginal pricing by an independent system operator to determine a transmission charge or credit in a nodal energy market would not constitute a net settlement of a forward contract for the purchase or sale of electricity, even when legal title to the electricity is conveyed to the independent system operator during transmission. The guidance is effective upon issuance and must be applied prospectively. The adoption of ASU 2015-13 did not have an impact on our Consolidated Financial Statements. ASC Topic 820 , Fair Value Measurement. In May 2015, the FASB issued ASU 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) . This ASU eliminates the existing requirement to categorize investments whose fair values are measured at net asset value (NAV) using the practical expedient in ASC 820 within the fair value hierarchy. Instead entities are required to disclose the fair values of such investments so that financial statement users can reconcile amounts reported in the fair value hierarchy table and the amounts reported on the balance sheet. This guidance is effective for fiscal years beginning after December 15, 2015 and interim periods within those years and should be applied retrospectively. We adopted these updates in 2016 and applied them retrospectively to all periods presented (see Note 12 ). 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. This guidance is effective for periods beginning after December 15, 2015 with early adoption permitted. In accordance with the amendment guidance, we elected to early adopt the new requirement as of December 31, 2015 (Predecessor) and reclassified approximately $18 million of net debt issuance costs out of Intangibles and other assets and into Current maturities of long-term debt (see Note 9 ). ASC Topic 810, Consolidation. In February 2015, the FASB issued ASU 2015-02, Consolidation , which amends the requirements for consolidation and significantly changes the consolidation analysis required. This ASU is effective for annual reporting periods beginning after December 15, 2015, and interim periods within those years. The Company adopted this guidance on January 1, 2016 on a prospective basis and it did not impact our 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. This guidance is effective for annual periods ending after December 15, 2016, and interim periods thereafter. The adoption of this amendment as of December 31, 2016, did not have an impact on the presentation of our Consolidated Financial Statements. ASC Topic 205, Presentation of Financial Statements and ASC Topic 360, Property, Plant, and Equipment. In April 2014, 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 Consolidated Financial Statements. Future Accounting Changes ASC Topic 230, Statement of Cash Flows. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force) . This ASU adds or clarifies guidance on the classification of certain cash receipts and payments in the statement of cash flows, including debt prepayment or extinguishment costs, the settlement of contingent liabilities arising from a business combination, proceeds from insurance settlements, and distributions from certain equity method investees. The guidance is effective for interim and annual periods beginning after December 15, 2017, and early adoption is permitted. The guidance requires application on a retrospective basis. The Company is currently evaluating the impact of this guidance. ASC Topic 718, Stock Compensation. In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . The guidance requires all income tax effects of awards (previously presented as a component of total stockholders’ equity) to be recognized in the income statement on a prospective basis. The guidance also requires presentation of excess tax benefits as an operating activity on the statement of cash flows rather than as a financing activity. The guidance also allows for an accounting policy election to estimate the number of awards that are expected to vest or account for forfeitures when they occur. This ASU is effective for annual reporting periods beginning after December 15, 2016, and interim periods with those years. Early adoption is permitted. We are evaluating the impact of adopting this new accounting standard on our Consolidated Financial Statements. ASC Topic 842, Leases . In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . ASU 2016-02 supersedes existing lease guidance, including ASC Topic 840, Leases and requires lessees to recognize most leases on their balance sheets for the rights and obligations created by those leases. The guidance also requires enhanced disclosures regarding the amount, timing, and uncertainty of cash flows arising from leases that will be effective for interim and annual periods beginning after December 15, 2018. Early adoption is permitted. The guidance requires the use of a modified retrospective approach and the Company expects to adopt this guidance for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. We expect to recognize a liability and corresponding asset associated with in-scope leases but we are still in the process of determining those amounts and the processes required to account for leasing activity on an ongoing basis. ASC Topic 825, Financial Instruments. In January 2016, the FASB issued ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities. Under this standard, all equity investments except those accounted for under the equity method are required to be measured at fair value. Equity investments that do not have a readily determinable fair value may, as a practical expedient, be measured at cost, adjusted for changes in observable prices minus impairment. This standard is effective for our interim and annual periods beginning January 1, 2018. This standard must be applied using a cumulative-effect adjustment in net income to the beginning of the fiscal year of adoption, except for equity investments without a readily determinable fair value, which are to be applied prospectively to equity investments as of the adoption date. We are currently evaluating the timing of adoption and the potential impact of this standard on our Consolidated Financial Statements. ASC Topic 330, Inventory . In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory. This ASU provides that entities should measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business less reasonably predictable costs of completion, disposal and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. This ASU is effective for annual reporting periods beginning after December 15, 2016, and interim periods within those years. Early adoption is permitted. We are evaluating the impact of adopting this new accounting standard on our Consolidated Financial Statements. ASC Topic 606, Revenue from Contracts with Customers . In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. This guidance 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 was effective for periods beginning after December 15, 2016 and can be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption; however, in August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers: Deferral of the Effective Date, which defers the effective date to annual reporting periods beginning after December 15, 2017. The FASB has continued to clarify this guidance in various updates during 2015 and 2016, all of which, have the same effective date as the original guidance. We are evaluating the impact of adopting this new accounting standard on our Consolidated Financial Statements. Other new accounting pronouncements issued but not effective until after December 31, 2016, are not expected to have a significant effect on our Consolidated Financial Statements.

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2016
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Predecessor Successor (Dollars in millions) December 31, 2015 December 31, 2016 Raw materials $ 91 $ 95 Work-in-process 58 62 Finished goods 256 264 Replacement parts and other supplies - current portion 79 24 Inventories, net $ 484 $ 445 Amounts presented in the Consolidated Balance Sheets and the table above are adjusted for valuation allowances.

ACQUISITIONS AND DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
ACQUISITIONS AND DISPOSITIONS	ACQUISITIONS AND DISPOSITIONS Sale of hydroelectric generation facilities — On January 6, 2016, Verso Maine Power Holdings LLC, or “VMPH,” and Verso Androscoggin Power LLC, or “VAP,” two indirect, wholly owned subsidiaries of Verso, entered into a purchase agreement with Eagle Creek Renewable Energy, LLC, or “Eagle Creek,” pursuant to which VMPH sold all the outstanding limited liability company interests of VAP to Eagle Creek for a purchase price of approximately $62 million in cash. VAP owned four hydroelectric generation facilities associated with Verso’s Androscoggin pulp and paper mill located in Jay, Maine. The purchase agreement contains customary representations and warranties by, and customary covenants among, the parties. The parties contemporaneously entered into the purchase agreement and consummated the transaction. As of December 31, 2015 (Predecessor), we classified the hydroelectric generation facilities as held for sale on the Consolidated Balance Sheet. For the period from January 1 to July 14, 2016 (Predecessor), we recognized a gain on sale of fixed assets of approximately $55 million which is included in Other operating income in the accompanying Consolidated Statements of Operations. Sale of Bucksport Mill — On January 29, 2015, Verso consummated a sale of equity interests in Verso subsidiaries that owned the Bucksport mill and related assets to AIM Development (USA) LLC, an indirect, wholly owned subsidiary of American Iron & Metal Company Inc. At the end of 2014, based on our disposition plans, we recorded asset impairment charges and write-offs of $103 million , as the carrying value of the assets held for sale were in excess of the fair value less the costs to sell. The impairment charge was included in Restructuring charges (see also Note 15 ) in our accompanying Consolidated Statements of Operations for the year ended December 31, 2014 (Predecessor). 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. 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. Verso incurred transaction and integration costs related to the NewPage acquisition of $25 million during the year ended December 31, 2015 (Predecessor), which were included in Selling, general and administrative expenses in the accompanying Consolidated Statements of Operations. For the year ended December 31, 2014 (Predecessor), Verso incurred transaction costs of $39 million , related to the NewPage acquisition, which were included in Other loss, net in the accompanying Consolidated Statements of Operations. 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 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 NewPage Term Loan Facility and $350 million NewPage 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 was as follows: (Dollars in millions) 13,607,693 shares of Verso common stock valued at January 7, 2015 closing price $ 46 $650 face value New First Lien Notes valued at January 7, 2015 closing price 663 Accounting consideration $ 709 Items above represent non-cash investing and financing activities (see cash flow statement). The allocation of the purchase price was as follows: (Dollars in millions) Cash $ 128 Current assets, excluding cash 578 Property, plant, and equipment 1,574 Other long-term assets 43 Current liabilities (277 ) Current portion of long-term debt (3 ) Non-current pension and other postretirement benefit obligations (476 ) Other long-term liabilities (58 ) Long-term debt (800 ) Net assets acquired $ 709 The operating results of NewPage are included in Verso’s financial statements from January 7, 2015 through December 31, 2015. The determination of net sales and net loss attributable to the acquired operations during this period and included in Verso’s 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 had occurred on January 1, 2014. The historical consolidated financial information of Verso and NewPage were adjusted in the pro forma information to give effect to pro forma events that were directly attributable to the transactions and factually supportable. As NewPage’s divestiture of its paper mills in Biron, Wisconsin, and Rumford, Maine, occurred prior to the acquisition of NewPage, their historical results have been excluded from the pro forma results below. 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 had net operating loss carryforwards and a related full valuation allowance that were 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 were made. Predecessor Pro Forma Year Ended (Unaudited) December 31, (Dollars in millions, except per share data) 2014 2015 Revenues $ 3,648 $ 3,155 Net loss (564 ) (391 ) (Loss) earnings per share - basic and diluted $ (6.92 ) $ (4.78 ) Weighted-average common shares outstanding - basic and diluted (in thousands) 81,509 81,759 Assets Held for Sale — As of December 31, 2015 (Predecessor), we had certain hydroelectric generation facilities associated with our Androscoggin pulp and paper mill located in Jay, Maine classified as held for sale on the Consolidated Balance Sheet. Assets held for sale in the accompanying Consolidated Balance Sheets were comprised of the following: Predecessor December 31, (Dollars in millions) 2015 Property, plant, and equipment, net (1) $ 5 Assets held for sale $ 5 (1) Recorded at carrying value as the expected proceeds less costs to sell exceed carrying value.

PROPERTY, PLANT, AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENT	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT, AND EQUIPMENT	PROPERTY, PLANT, AND EQUIPMENT Property, plant, and equipment, net consist of the following: Predecessor Successor (Dollars in millions) December 31, 2015 December 31, 2016 Land and land improvements $ 107 $ 52 Building and leasehold improvements 327 152 Machinery, equipment, and other 2,267 995 Construction-in-progress 30 22 Property, plant, and equipment, gross 2,731 1,221 Accumulated depreciation (874 ) (89 ) Property, plant, and equipment, net $ 1,857 $ 1,132 Interest costs capitalized, depreciation expense, and capital expenditures unpaid for the periods presented are as follows: Predecessor Successor Year Ended Year Ended January 1, 2016 July 15, 2016 December 31, December 31, Through Through (Dollars in millions) 2014 2015 July 14, 2016 December 31, 2016 Interest costs capitalized $ 2 $ 2 $ 1 $ 1 Depreciation 90 302 97 90 Capital expenditures unpaid 1 9 8 6 In the third quarter of 2016, management concluded that actual operating results were lower than those projected in our plan of reorganization. Such circumstance constituted a triggering event requiring management to conduct a Step 1 impairment test. Based on the results of the Step 1 impairment test, we concluded that the undiscounted estimated future cash flows associated with the remaining long-lived assets exceeded their carrying value and no impairment was recorded. Also, in 2016, based on our plans to temporarily idle the No. 3 paper machine at our Androscoggin mill, we determined a reduction in the useful life of the machine and accordingly recognized $43 million of accelerated depreciation, which is included in Depreciation, amortization, and depletion in our accompanying Consolidated Statements of Operations. In the third quarter of 2015, we announced plans to make production capacity reductions at our Androscoggin and Wickliffe mills. As a result, we recognized $58 million of accelerated depreciation which is included in Depreciation, amortization and depletion in our accompanying Consolidated Statements of Operations for the year ended December 31, 2015 (Predecessor). Given the capacity reductions, we conducted a Step 1 impairment test as of the announcement date and concluded that the undiscounted estimated future cash flows associated with the remaining long-lived assets exceeded their carrying value and no impairment was recorded. In 2014, based on our plans to dispose of certain assets held by the legal entities that comprise the Bucksport mill (Verso Bucksport LLC and Verso Bucksport Power LLC), we recorded a fixed asset impairment charge of $89 million , as the carrying value of the assets held for sale were in excess of the fair value less the cost to sell. The fair value was determined based on the December 5, 2014 membership purchase agreement for the sale of the Bucksport mill. The impairment charge was included in Restructuring charges (see also Note 15 ) in our accompanying Consolidated Statements of Operations for the year ended December 31, 2014 (Predecessor).

INTANGIBLES AND OTHER ASSETS

INTANGIBLES AND OTHER ASSETS	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLES AND OTHER ASSETS	INTANGIBLES AND OTHER ASSETS Intangibles and other assets consist of the following: Predecessor Successor (Dollars in millions) December 31, 2015 December 31, 2016 Intangible assets: Customer relationships, net of accumulated amortization of $15 million on December 31, 2015 (Predecessor), and $1 million on December 31, 2016 (Successor) $ 28 $ 25 Predecessor trademarks (Indefinite life) 10 — Successor trademarks, net of accumulated amortization of $1 million on December 31, 2016 (definite life) — 15 Other assets: Planned major maintenance 34 — Replacement parts and other supplies, net 6 — Restricted cash 3 3 Other 21 15 Total other assets $ 64 $ 18 Intangibles and other assets, net $ 102 $ 58 As part of fresh-start accounting, we wrote-off the existing intangible assets and accumulated amortization of the Predecessor and recorded an adjustment of $30 million to reflect the fair value of the Intangible and other assets of the Successor (see also Note 2). The intangible assets of the Successor are comprised of customer relationships with a useful life of 10 years and trademarks with a five year useful life. Both are amortized on a straight-line basis. The fair value of trademarks was determined based on the relief from royalty method. We assumed a royalty rate of 0.25% and a five year economic life for our trademarks. The rate was based on analysis of market information. Amortization expense related to intangible assets for the periods presented is as follows: Predecessor Successor Year Ended Year Ended January 1, 2016 July 15, 2016 December 31, December 31, Through Through (Dollars in millions) 2014 2015 July 14, 2016 December 31, 2016 Customer Relationships $ 1 $ 6 $ 2 $ 1 Trademarks — — — 1 The estimated future amortization expense for intangible assets over the next five years is as follows: (Dollars in millions) 2017 $ 6 2018 6 2019 6 2020 6 2021 4 When events or circumstances indicate that the carrying amount of an asset may not be recoverable, we assess the potential impairment of intangibles and other long-lived assets by comparing the expected undiscounted future cash flows to the carrying value of those assets. During 2015, we completed our annual impairment test of indefinite lived intangibles and determined that there was no impairment as the fair value of intangibles exceeded their carrying value at December 31, 2015. In 2014, we determined that sufficient indicators of a potential impairment of our trademarks existed and we performed an interim analysis of our trademarks for impairment. As a result of our analysis, we determined that the carrying value of our trademarks exceeded their fair value, which was determined using a level 3 fair value measurement. This fair value determination was made using the income approach, which required us to estimate unobservable factors such as a royalty rate and discount rate and identify relevant projected revenue. We recognized an impairment charge of $6 million based on a projected reduction of revenues driven primarily by a decline in U.S. demand. The trademark impairment charge was included in Cost of products sold in our accompanying Consolidated Statement of Operations.

ACCRUED LIABILITIES

ACCRUED LIABILITIES	12 Months Ended
	Dec. 31, 2016
Payables and Accruals [Abstract]
ACCRUED LIABILITIES	ACCRUED LIABILITIES A summary of accrued liabilities is as follows: Predecessor Successor (Dollars in millions) December 31, 2015 December 31, 2016 Payroll and employee benefit costs $ 84 $ 83 Accrued sales rebates 30 21 Accrued energy 6 10 Accrued taxes - other than income 9 6 Restructuring costs 12 9 Accrued professional and legal fees 6 2 Accrued interest 108 2 Freight and other 12 15 Accrued liabilities $ 267 $ 148

DEBT

DEBT	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
DEBT	DEBT A summary of debt is as follows: Original Predecessor Successor (Dollars in millions) Maturity December 31, 2015 December 31, 2016 Revolving Credit Facilities 7/14/2021 $ 349 $ 112 Term Loan at par value 10/14/2021 — 211 Old Notes and Term Loans 2,450 — Unamortized (discount) premium and debt issuance costs, net 80 (30 ) Less: Current portion (2,879 ) (28 ) Total long-term debt $ — $ 265 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 1 ). As of December 31, 2016 , the fair value of Verso’s total debt outstanding was $319 million . Amounts included in interest expense and amounts of cash interest payments related to long-term debt for the periods presented, are as follows: Predecessor Successor Year Ended Year Ended January 1, 2016 July 15, 2016 December 31, December 31, Through Through (Dollars in millions) 2014 2015 July 14, 2016 December 31, 2016 Interest expense $ 136 $ 266 $ 39 $ 15 Cash interest paid 117 246 12 12 Debt issuance cost and discount amortization (1) 8 6 — 3 (1) Amortization of debt issuance cost and original issue discount are included in interest expense on the statement of operations. Exit Credit Facilities On the Effective Date, pursuant to the terms of Plan, Verso Holdings entered into a $375 million Exit ABL Facility, and a $220 million (with loan proceeds of $198 million after the deduction of the original issue discount) Exit Term Loan Facility. Verso Holdings borrowed $340 million under the Exit Credit Facilities on the Effective Date, with available loan proceeds of approximately $318 million , consisting of (i) the borrowing of $120 million under the Exit ABL Facility and (ii) the net borrowing of $198 million ( $220 million par value less $22 million of original issue discount) under the Exit Term Loan Facility. The proceeds of the borrowings on the Effective Date under the Exit Credit Facilities were used (i) to repay outstanding indebtedness under the debtor-in-possession financing credit agreements, (ii) to pay outstanding allowed administrative expenses and allowed claims in accordance with the Plan, and (iii) to pay fees, costs and expenses related to and contemplated by the Exit Credit Facilities and emergence by Verso and its subsidiaries from bankruptcy. The proceeds of the borrowings under the Exit ABL Facility after the Effective Date will be used for working capital and general corporate purposes, including permitted acquisitions. The Exit ABL Facility will mature on July 14, 2021 . The outstanding borrowings under the Exit ABL Facility bear interest at a per annum rate equal to, at the option of Verso Holdings, either (i) a customary London interbank offered rate, or “LIBOR,” plus an applicable margin ranging from 1.25% to 2.00% or (ii) a customary base rate plus an applicable margin ranging from 0.25% to 1.00% , determined based upon the average excess availability under the Exit ABL Facility. As of December 31, 2016 , the weighted-average interest rate on outstanding borrowings was 3.15% . Verso Holdings is also required to pay a commitment fee for the unused portion of the Exit ABL Facility, which ranges from 0.25% to 0.375% per annum, based upon the average revolver usage under the Exit ABL Facility. Verso Holdings has the right to prepay loans under the Exit ABL Facility at any time without a prepayment penalty, other than customary “breakage” costs with respect to eurocurrency loans. As of December 31, 2016 , the outstanding balance of the Exit ABL Facility is $112 million , with $ 78 million in letters of credit issued, and $157 million available for future borrowings. The Company incurred $3 million of debt issuance costs associated with the Exit ABL Facility and recorded this amount as a direct deduction of the debt liability. The Exit Term Loan Facility will mature on October 14, 2021 . The outstanding borrowings under the Exit Term Loan Facility bear interest at a rate equal to, at the option of Verso Holdings, either (i) a LIBOR (subject to a floor of 1% ) plus 11% or (ii) a customary base rate plus 10% . With respect to LIBOR denominated loans under the Exit Credit Facilities, Verso Holdings may elect an interest period of one, two, three or six months or such other period subject to the terms of the Exit Credit Facilities. As of December 31, 2016 , the Exit Term Loan’s interest rate was 12% per annum. The term loans provided under the Exit Term Loan Facility are subject to quarterly principal amortization payments in an amount equal to the greater of (a) 2.00% of the initial principal amount of the term loans or (b) the excess cash flow in respect of such quarter as further described under the Exit Term Loan Facility; however, if the liquidity, as defined in the Exit Term Loan Facility, of Verso Holdings is less than $75 million at any time during the 90-day period following the due date of such quarterly amortization payment or excess cash flow payment date, then the portion of such amortization amount that results in such liquidity being less than $75 million will not be payable by Verso Holdings, as further described in the Exit Term Loan Facility. Per the above described quarterly principal amortization, installments due are at least $4 million (subject to increase depending on excess cash flow) for each quarter ending in 2016 through 2021 with the remaining balance due on October 14, 2021 . As the result of the excess cash flow requirement, we are obligated to fund an additional principal amortization of $10 million which is reflected in Current maturities of long-term debt on our accompanying Consolidated Balance Sheets. Any voluntary prepayment by Verso Holdings of the term loans under the Exit Term Loan Facility will be subject to customary “breakage” costs with respect to eurocurrency loans and a 2% call premium until July 14, 2018, and a 1% call premium after July 15, 2018, but before July 14, 2020, and thereafter no call premium will apply to any voluntary prepayment of term loans. Such call premium may also apply to certain repricing amendments of the Term Loan Facility as further described therein. The Company incurred $8 million of debt issuance costs associated with the Exit Term Loan Facility and recorded this amount as a direct deduction of the debt liability. All obligations under the Exit Credit Facilities are unconditionally guaranteed by Verso Finance, and certain of the subsidiaries of Verso Holdings and are secured by liens on certain assets of Verso Finance and liens on substantially all of the assets of Verso Holdings and the other guarantor subsidiaries. The security interest with respect to the Exit ABL Facility consists of a first-priority lien on the current assets of Verso Holdings and the guarantor subsidiaries, including accounts receivables, inventory, deposit accounts, securities accounts and commodities accounts, and a second-priority lien on all other collateral. The security interest with respect to the Exit Term Loan Facility, consists of a first-priority lien on all other collateral and second-priority lien on collateral securing the Exit ABL Facility. The Exit ABL Facility contains financial covenants requiring the Company, among other things, to maintain a minimum fixed charge coverage ratio in certain circumstances and a maximum total net leverage ratio. The Exit Credit Facilities also contain restrictions, among other things and subject to certain exceptions, on the Company’s ability to incur debt or liens, pay dividends, repurchase equity interest, prepay indebtedness, sell or dispose of assets, and make investments in or merge with another company. As of December 31, 2016, we were in compliance with the covenants in our Exit Credit Facilities . The scheduled principal payments required under the debt listed above during the years following December 31, 2016 , are set forth below: (Dollars in millions) 2017 $ 28 2018 18 2019 18 2020 18 2021 129 Total debt $ 211 DIP Financing In connection with the Chapter 11 Filings, Verso Finance, Verso Holdings and certain of its subsidiaries entered into an asset-based credit facility in an aggregate principal amount of up to $100 million , or the “Verso DIP Facility,” and NewPage Corp and certain of its subsidiaries entered into an asset-based credit facility in an aggregate principal amount of up to $325 million , or the “NewPage DIP ABL Facility,” and a term loan credit facility in an aggregate principal amount of $350 million , or the “NewPage DIP Term Loan Facility. The NewPage DIP Term Loan Facility consisted of $175 million of new money term loans and $175 million of loans that aggregated and replaced existing loans outstanding on the Petition Date (i.e., such loans were deemed to become loans under the NewPage DIP Term Loan Facility), or “NewPage DIP Roll Up Loans.” On January 28, 2016, up to $550 million in loans under the DIP Facilities became available for borrowing following the entry of an order by the Bankruptcy Court approving the DIP Facilities on an interim basis on January 27, 2016. The Bankruptcy Court entered orders approving the DIP Facilities on a final basis on March 2, 2016. Borrowings under the Verso DIP Facility bore interest at a rate equal to an applicable margin plus, at Verso Holdings’ and NewPage Corp’s option, either (a) a base rate determined by reference to the highest of (1) the U.S. federal funds rate plus 0.50% , (2) the prime rate of the administrative agent, and (3) the adjusted LIBOR (as defined below) for a one-month interest period plus 1.00% , or (b) a eurocurrency rate, or “LIBOR” determined by reference to the costs of funds for eurocurrency deposits in dollars in the London interbank market for the interest period relevant to such borrowing, adjusted for certain additional costs. The applicable margin for advances under both the Verso DIP Facility and the NewPage DIP ABL was 1.50% for base rate advances and 2.50% for LIBOR advances. The applicable margin for advances under the NewPage DIP Term Loan Facility was 8.50% for base rate advances and 9.50% for LIBOR advances. Interest that accrued on any “rolled-up” term loans under the NewPage DIP Term Loan Facility was capitalized, compounded and added to the unpaid principal amount of such “rolled-up” loans on the applicable interest payment date. Verso Holdings and NewPage Corp paid commitment fees for the unused amount of commitments at an annual rate equal to 0.75% and 0.375% , respectively. The Company incurred $22 million of debt issuance costs associated with the DIP Facility which was recorded as interest expense on the Consolidated Statement of Operations during the Predecessor period ended July 14, 2016. The DIP Facilities matured on the Effective Date of the Plan. On the maturity date, the Verso DIP Facility had no balance outstanding and the NewPage DIP ABL Facility had $103 million outstanding balance which was repaid in full using the Exit Credit Facilities entered into on the Effective Date. The NewPage DIP Term Loan Facility of $175 million of new money term loans was also repaid in full, while the $175 million of “rolled up” loans and its capitalized interests of $9 million , totaling to $184 million , were converted into Verso equity (see Note 2 ). Pre-petition Debt The filing of the Chapter 11 Cases by the Debtors on January 26, 2016 constituted an event of default and automatic acceleration under the agreements governing all of our debt (excluding the $23 million loan from Verso Finance to Chase NMTC Verso Investment Fund). As of the date of the filing of the Chapter 11 Cases, approximately $2.5 billion of debt and interest were outstanding under the Predecessor’s prepetition credit agreements, excluding related unamortized deferred financing costs, discounts/premiums, and deferred gains which were written off to Reorganization items, net upon filing the Chapter 11 Cases. All of the Predecessor’s prepetition debt and interest were cancelled in exchange for the issuance of 34,390,643 of stock or 100% of the Company’s equity (see Note 2 ). As of December 31, 2015 (Predecessor), substantially all of our debt was reclassified to Current liabilities on the accompanying Consolidated Balance Sheet. . A summary of our pre-petition debt is as follows: Predecessor December 31, 2015 (Dollars in millions) Original Maturity Interest Rate Balance Par Value Verso Holdings Revolving Credit Facilities 5/4/2017 4.36 % $ 99 $ 99 11.75% Senior Secured Notes - 2012 1/15/2019 11.75 % 423 418 11.75% Senior Secured Notes - 2015 1/15/2019 11.75 % 655 645 11.75% Secured Notes - 1.5 Lien Notes 1/15/2019 11.75 % 272 272 13% Second Priority Senior Secured Notes 8/1/2020 13.00 % 268 181 16% Senior Subordinated Notes 8/1/2020 16.00 % 88 65 8.75% Second Priority Senior Secured Notes 2/1/2019 8.75 % 96 97 11.38% Senior Subordinated Notes 8/1/2016 11.38 % 41 41 NewPage Corp Revolving Credit Facility 2/11/2019 3.71 % 250 250 Floating Rate Senior Secured Term Loan 2/11/2021 9.50 % 705 731 Less: Debt issuance costs (18 ) — Total debt for Verso Corporation (1) $ 2,879 $ 2,799 (1) Total debt for Verso Corporation after offsetting with debt issuance costs. Balance is shown in Current liabilities on the accompanying Consolidated Balance Sheet as of December 31, 2015. As of December 31, 2015 , the fair value of Verso’s total debt was $804 million . Predecessor Debt Issuances, Modifications, and Exchanges 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. In July 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”). In August 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. 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 were 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 payable in cash 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 the 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. For the year ended December 31, 2015, Verso Holdings deferred interest by increasing the principal amount of the outstanding New Second Lien Notes by approximately $3 million . As of December 31, 2015, there was approximately $181 million of principal amount outstanding of the New Second Lien Notes. In July 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”). In August 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 were 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 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 payable in cash 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. For the year ended December 31, 2015, Verso Holdings deferred interest by increasing the principal amount of the outstanding New Subordinated Notes by approximately $2 million . Non-cash financing and investing activities for the year ended December 31, 2015 related to debt conversion include $50 million increase of paid in capital for stock issued for the convertible warrants discussed above and $19 million of accrued interest which was converted into long-term debt. For the periods ended July 14, 2016, and December 31, 2015 and 2014, our interest expense was reduced by $1 million , $21 million , and $2 million respectively, as a result of debt modifications (see Statement of Cash Flows).

OTHER LIABILITIES

OTHER LIABILITIES	12 Months Ended
	Dec. 31, 2016
Payables and Accruals [Abstract]
OTHER LIABILITIES	OTHER LIABILITIES Other liabilities consist of the following: Predecessor Successor (Dollars in millions) December 31, 2015 December 31, 2016 Other employee related obligations $ 29 $ 19 Asset retirement obligations 16 13 Non-controlling interests 8 8 Other postretirement benefit obligation 30 5 Deferred income taxes 8 — Other 15 3 Other liabilities $ 106 $ 48

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE On the Effective Date, all issued and outstanding shares of Verso’s old common stock, par value $0.01 per share, including all restricted stock awards and stock options to purchase shares of Verso’s old common stock, were canceled and extinguished. The Successor issued a total of 34,391,000 shares of new Class A Common Stock and Class B Common Stock on the Effective Date. See Note 2 for additional information. The following table provides a reconciliation of our basic and diluted loss or income per common share: Predecessor Successor Year Ended January 1, 2016 July 15, 2016 December 31, Through Through 2014 2015 July 14, 2016 December 31, 2016 Net (loss) income available to common shareholders (in millions) $ (353 ) $ (422 ) $ 1,178 $ (32 ) Weighted average common shares outstanding (in thousands) 52,835 80,838 81,450 34,391 Weighted average restricted shares (in thousands) 458 457 397 — Weighted average common shares outstanding - basic 53,293 81,295 81,847 34,391 Dilutive shares from stock options — — — — Weighted average common shares outstanding - diluted 53,293 81,295 81,847 34,391 Basic (loss) income per share $ (6.62 ) $ (5.19 ) $ 14.39 $ (0.93 ) Diluted (loss) income per share $ (6.62 ) $ (5.19 ) $ 14.39 $ (0.93 ) As a result of the net loss from continuing operations presented for the Successor, 0.2 million restricted stock units and 1.8 million Plan Warrants of the Successor have been excluded from the calculations of diluted earnings per share as their inclusion would be anti-dilutive. In accordance with ASC Topic 260, Earnings Per Share , unvested restricted stock awards issued by the Predecessor contained nonforfeitable rights to dividends and qualified as participating securities. No dividends were declared or paid in the periods presented.

RETIREMENT AND OTHER POSTRETIRE

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
RETIREMENT AND OTHER POSTRETIREMENT BENEFITS	RETIREMENT AND OTHER POSTRETIREMENT BENEFITS Defined Benefit Plans Verso has three defined benefit pension plans covering approximately 80% of our employees. The pension plans provide defined benefits based on years of service multiplied by a flat monetary benefit or based on a percentage of compensation as defined by the respective plan document. As of December 31, 2015, all of our defined benefit pension plans are frozen to new entrants. The majority of our pension plan participants are in the union hourly plan and continue to earn service accruals toward their pension benefits but no longer receive multiplier increases. We also offer a cash balance defined benefit pension plan for certain salaried employees in which participants continue to earn annual interest credits, but no longer earn cash balance benefit credits and a pension plan for certain non-union hourly employees for which benefit accruals are frozen. The following table summarizes the components of net periodic pension cost for the periods presented: Predecessor Successor Year Ended Year Ended January 1, 2016 July 15, 2016 December 31, December 31, Through Through (Dollars in millions) 2014 2015 July 14, 2016 December 31, 2016 Components of net periodic pension cost (income): Service cost $ 6 $ 11 $ 9 $ 8 Interest cost 4 65 36 31 Expected return on plan assets (4 ) (83 ) (40 ) (39 ) Amortization of prior service cost 1 — — — Amortization of actuarial loss — 2 1 — Curtailment 1 1 — — Special termination benefits — 3 — — Net periodic pension cost (income) $ 8 $ (1 ) $ 6 $ — During 2015, a loss related to curtailment and special termination benefits of approximately $4 million was recognized in Restructuring charges in the Consolidated Statements of Operations due to production capacity reductions at the Androscoggin mill. During 2014, a curtailment loss of approximately $1 million was recognized in Restructuring charges in the Consolidated Statements of Operations due to a reduction in headcount associated with the closure of the Bucksport mill. The following table provides detail on prior service cost and net actuarial loss recognized in Accumulated other comprehensive loss: Predecessor Successor (Dollars in millions) December 31, 2015 December 31, 2016 Amounts recognized in Accumulated other comprehensive loss (income): Prior service cost, net of tax $ — $ — Net actuarial loss (income), net of tax 103 (126 ) There is zero estimated net actuarial loss and zero estimated prior service cost that will be amortized from Accumulated other comprehensive income into net periodic pension cost during 2017 . We make contributions that are sufficient to fund our actuarially determined costs, generally equal to the minimum amounts required by the Employee Retirement Income Security Act. The Successor made contributions to the pension plans of $10 million in 2016 . Predecessor contributions were $16 million through July 14, 2016, $28 million in 2015 , and $8 million in 2014 . In 2017 , we expect to make cash contributions of approximately $32 million to the pension plans. We expect no plan assets to be returned to the Company in 2017 . The following table sets forth a reconciliation of the pension plans’ benefit obligations, plan assets and funded status for the periods presented: Predecessor Successor Year Ended January 1, 2016 July 15, 2016 December 31, Through Through (Dollars in millions) 2015 July 14, 2016 December 31, 2016 Change in Projected Benefit Obligation: Benefit obligation at beginning of period $ 103 $ 1,672 $ 1,839 Acquisition of NewPage plans 1,603 — — Service cost 11 9 8 Interest cost 65 36 31 Actuarial (gain) loss (33 ) 162 (152 ) Benefits paid (81 ) (40 ) (54 ) Curtailment 1 — — Special termination benefits 3 — — Benefit obligation at end of period $ 1,672 $ 1,839 $ 1,672 Change in Plan Assets: Plan assets at fair value at beginning of period $ 62 $ 1,144 $ 1,192 Acquisition of NewPage plans 1,164 — — Actual net return on plan assets (29 ) 72 33 Employer contributions 28 16 10 Benefits paid (81 ) (40 ) (54 ) Plan assets at fair value at end of period $ 1,144 $ 1,192 $ 1,181 Underfunded projected benefit obligation recognized in Pension benefit obligation on the consolidated balance sheets $ (528 ) $ (647 ) $ (491 ) The accumulated benefit obligation for the Successor was $1,672 million at December 31, 2016 , and the accumulated benefit obligation for the Predecessor was $1,839 million at July 14, 2016, and $1,672 million at December 31, 2015 . The following table summarizes expected future pension benefit payments: (Dollars in millions) 2017 $ 83 2018 86 2019 89 2020 91 2021 95 2022-2026 502 We evaluate our actuarial assumptions annually as of December 31 (the measurement date) and consider changes in these long-term factors based upon market conditions and the requirements of ASC Topic 715. These assumptions are used to calculate benefit obligations as of December 31 of the current year, and pension expense to be recorded for the following year. The discount rate assumption reflects the yield on a portfolio of high quality fixed-income instruments that have a similar duration to the plans’ liabilities. The expected long-term rate of return assumption reflects the average return expected on the assets invested to provide for the plans’ liabilities. The actuarial assumptions used in the defined benefit pension plans were as follows: Predecessor Successor Year Ended Year Ended January 1, 2016 July 15, 2016 December 31, December 31, Through Through 2014 2015 July 14, 2016 December 31, 2016 Weighted average assumptions used to determine benefit obligations as of end of period: Discount rate 3.83 % 4.17 % 3.43 % 3.99 % Rate of compensation increase N/A N/A N/A N/A Weighted average assumptions used to determine net periodic pension cost for the period: Discount rate 4.75 % 3.98 % 4.17 % 3.43 % Rate of compensation increase N/A N/A N/A N/A Expected long-term return on plan assets 6.50 % 7.05 % 6.75 % 6.75 % Our primary investment objective is to ensure, over the long-term life of the pension plans, an adequate pool of sufficiently liquid assets to support the benefit obligations. In meeting this objective, the pension plans seek to achieve a high level of investment return through long-term stock and bond investment strategies, consistent with a prudent level of portfolio risk. The expected long-term rate of return on plan assets reflects the weighted-average expected long-term rates of return for the broad categories of investments currently held in the plans (adjusted for expected changes), based on historical rates of return for each broad category, as well as factors that may constrain or enhance returns in the broad categories in the future. The expected long-term rate of return on plan assets is adjusted when there are fundamental changes in expected returns in one or more broad asset categories and when the weighted-average mix of assets in the plans changes significantly. The following table provides the pension plans’ asset allocation for the periods presented: Allocation of Plan Assets Predecessor Successor 2015 Allocation on 2016 Allocation on Targeted December 31, Targeted December 31, Allocation 2015 Allocation 2016 Fixed income: 50-70% 35-55% Money market funds 2 % — % Fixed income funds 40 % 36 % Equity securities: 25-50% 35-60% Domestic equity funds - large cap 28 % 31 % Domestic equity funds - small cap 4 % 5 % International equity funds 17 % 17 % Other: 4-15% 4-15% Hedge funds, private equity, real estate, commodities 9 % 11 % ASC Topic 820 provides a common definition of fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. 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 (see Note 1 ). In accordance with accounting guidance ASU 2015-07, certain of our investments have been valued using the NAV per share (or its equivalent) practical expedient and are therefore not classified in the fair value hierarchy. The fair value amounts presented in these tables for our investments are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the reconciliation of changes in the plan's benefit obligations and fair value of plan assets above. The following table sets forth by level, within the fair value hierarchy, the pension plans’ assets at fair value as of the periods presented: (Dollars in millions) Total Level 1 Level 2 Level 3 Assets Valued at NAV Practical Expedient December 31, 2016 (Successor) Fixed income funds $ 421 $ 58 $ — $ — $ 363 Domestic equity funds - large cap 365 22 — — 343 International equity funds 204 94 — — 110 Domestic equity funds - small cap 64 10 — — 54 Money market — — — — — Other (hedge funds, private equity, real estate, commodities) 127 7 — — 120 Total assets at fair value $ 1,181 $ 191 $ — $ — $ 990 December 31, 2015 (Predecessor) Fixed income funds $ 461 $ 87 $ — $ — $ 374 Domestic equity funds - large cap 325 19 — — 306 International equity funds 189 85 — — 104 Domestic equity funds - small cap 51 7 — — 44 Money market 19 19 — — — Other (hedge funds, private equity, real estate, commodities) 99 6 — — 93 Total assets at fair value $ 1,144 $ 223 $ — $ — $ 921 The majority of our investments are comprised of investments in publicly traded mutual funds and common/collective trusts. Publicly traded mutual funds are valued based on their publicly traded exchange value and common/collective trusts are valued using a NAV provided by the manager of each fund. The NAV is based on the underlying net assets owned by the fund, divided by the number of shares or units outstanding. The fair value of the underlying securities within the fund, which are generally traded on an active market, are valued at the closing price reported on the active market on which those individual securities are traded. We invest in certain hedge funds and private equity funds that are valued based on the NAV derived by the investment managers, as a practical expedient, these investments are described further below. (Dollars in millions) Fair Value Unfunded Commitments Redemption Frequency Redemption Notice Period Multi-Strategy Hedge Fund (a) $ 2 $ — Annually 45 days Debt Securities Hedge Fund (b) 61 — Semi-Annually 90 days Private Equity (c) 14 3 N/A N/A $ 77 $ 3 _________ (a) The fund invests in equities, equity-related instruments, fixed income and other debt-related instruments, real estate and other tangible assets, cash and cash equivalents, options, futures, swaps and other derivatives. The fund utilizes leverage in its investment program and includes both long and short positions. The fund’s investment objective is to generate consistent, absolute returns with low volatility. (b) The fund’s objective is to achieve superior risk-adjusted total returns by investing primarily in public and private non-investment grade and nonrated debt securities. Securities and other instruments acquired by the Fund may include all types of debt obligations consisting primarily of public and private non-investment grade and nonrated debt, convertible bonds, preferred stock, bank debt, middle market loans and notes, trade claims, liquidating trusts, assignments, options swaps and any other securities with fixed-income characteristics, including, without limitation, debentures, notes deferred interest, pay-in-kind or zero coupon bonds, mortgages and mortgage-backed securities, collateralized mortgage obligations, other real-estate related instruments. The fund may also acquire common or preferred stock, warrants to purchase common or preferred stock, and any other equity interests. (c) This category consists of several private equity funds some of which invest in limited partnerships which make equity-oriented investments in young, growing or emerging companies or entities. Additionally, the funds can invest in limited partnerships or other pooled investment vehicles which, in turn, make investments in management buy-in, management buy-out, leveraged buy-out, mezzanine, special situation and recapitalization transactions or other partnerships either directly or purchased in the secondary market, as well as investments in mezzanine, distressed and venture debt. These funds invest in a wide range of industries primarily in the United States. These investments cannot be redeemed. Instead, distributions are received when the underlying assets of the funds are liquidated. Other Postretirement Benefits The following table sets forth a reconciliation of the other postretirement benefits and plan assets and also the funded status as of the periods presented: Predecessor Successor Year Ended January 1, 2016 July 15, 2016 December 31, Through Through (Dollars in millions) 2015 July 14, 2016 December 31, 2016 Change in Projected Benefit Obligation: Benefit obligation at beginning of period $ — $ 37 $ 35 Acquisition of NewPage plans 47 — — Service cost — — — Interest cost 1 1 1 Plan amendments and settlements (3 ) — (25 ) Benefits paid (7 ) (4 ) (3 ) Actuarial (gain) loss (1 ) 1 (1 ) Benefit obligation at end of period $ 37 $ 35 $ 7 Change in Plan Assets: Plan assets at fair value at beginning of period $ — $ — $ — Employer contributions 7 4 3 Benefits paid (7 ) (4 ) (3 ) Plan assets at fair value at end of period $ — $ — $ — Funded status at end of period $ (37 ) $ (35 ) $ (7 ) Predecessor Successor Year Ended January 1, 2016 July 15, 2016 December 31, Through Through (Dollars in millions) 2015 July 14, 2016 December 31, 2016 Included in the balance sheet: Other current liabilities $ (7 ) $ (3 ) $ (2 ) Other long-term obligations (30 ) (32 ) (5 ) Total net liability (37 ) (35 ) (7 ) Weighted average assumptions used to determine benefit obligations as of end of period: Discount rate 3.73 % 3.09 % 3.32 % Weighted average assumptions used to determine net periodic pension cost for the period: Discount rate 3.43 % 3.73 % 3.09 % The assumed discount rates used in determining the benefit obligations were determined by reference to the yield of a settlement portfolio from a universe of high quality bonds across the full maturity spectrum generally rated at Aa maturing in conjunction with the expected timing and amount of future benefit payments. We ceased providing postretirement benefits of certain retirees not covered by the current collective bargaining agreements and terminated the associated plans effective December 31, 2016, resulting in a gain on plan termination of $25 million primarily included in Costs of Products Sold in the accompanying Consolidated Statement of Operations. The following table summarizes the components of net periodic postretirement (income) cost for the periods presented: Predecessor Successor Year Ended January 1, 2016 July 15, 2016 December 31, Through Through (Dollars in millions) 2015 July 14, 2016 December 31, 2016 Components of net periodic postretirement benefit (income) cost: Service cost $ — $ — $ — Interest cost 1 1 1 Amortization of prior service cost (3 ) — — Settlement — — (25 ) Net periodic postretirement benefit (income) cost $ (2 ) $ 1 $ (24 ) The annual rate of increase in healthcare costs is assumed to decline ratably each year until reaching 4.5% in 2030 . A one-percentage-point change in assumed retiree healthcare costs trend rates would have an insignificant impact on the total service cost, interest cost and accumulated postretirement benefit obligation at December 31, 2016 . The following table provides detail on prior service cost and net actuarial loss (income) recognized in Accumulated other comprehensive loss (income) for the periods presented: Predecessor Successor (Dollars in millions) 2015 2016 Amounts recognized in Accumulated other comprehensive loss (income): Prior service cost, net of tax $ — $ — Net actuarial income, net of tax (1 ) (1 ) There is no estimated net actuarial loss and prior service cost that will be amortized from Accumulated other comprehensive loss (income) into net periodic pension cost during 2017 . The following table summarizes expected future postretirement benefit payments: (Dollars in millions) 2017 $ 2 2018 2 2019 1 2020 1 2021 1 2022-2026 1 In 2017 , we expect to make cash contributions of approximately $2 million to the other postretirement benefit plans. Defined Contribution Plans We also sponsor defined contribution plans for certain employees. Employees may elect to contribute a percentage of their salary on a pre-tax basis, subject to regulatory limitations, into an account with an independent trustee which can then be invested in a variety of investment options at the employee’s discretion. We may also contribute to the employee’s account depending upon the requirements of the plan. For certain employees, these employer contributions may be in the form of a specified percentage of each employee’s total compensation or in the form of discretionary profit-sharing that may vary depending on the achievement of certain company objectives. Certain defined contribution benefits are provided in accordance with collective bargaining agreements. Expense under these plans are presented below. We sponsor 401(k) plans to provide salaried and hourly employees an opportunity to accumulate personal funds and to provide additional benefits for retirement. Employee contributions may be made on a before-tax or after-tax basis to the plan. Employer matching contributions under the plans are presented below. Predecessor Successor Year Ended Year Ended January 1, 2016 July 15, 2016 December 31, December 31, Through Through (Dollars in millions) 2014 2015 July 14, 2016 December 31, 2016 Defined Contribution Plans Defined contribution benefits expense $ 5 $ 17 $ 8 $ 8 Employer 401(k) matching contributions 7 16 8 6

EQUITY AWARDS

EQUITY AWARDS	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
EQUITY AWARDS	EQUITY AWARDS On the Effective Date, pursuant to the operation of the Plan, the Verso Corporation Performance Incentive Plan, or the “2016 Incentive Plan,” became effective. The maximum number of shares of Class A Common Stock authorized to be issued or transferred pursuant to awards under the 2016 Incentive Plan is 3.6 million . The Compensation Committee of the board of directors is the administrator of the 2016 Incentive Plan. Under the 2016 Incentive Plan, stock awards may be granted to employees, consultants, and directors upon approval by the board of directors. There were no stock awards issued on the Effective Date pursuant to the Plan. Subsequent to the Effective Date, Verso issued 0.2 million restricted stock units to its executives, directors and certain senior managers with a weighted-average grant date fair value of $11.19 per share, based on the closing market price of our Class A Common Stock on the date of grant. Certain restrictions lapse on the earliest to occur of the following: (a) July 28, 2017; (b) the date immediately preceding the date on which Verso holds its 2017 annual meeting of stockholders; or (c) the date on which a Change of Control occurs, as defined in the 2016 Incentive Plan. Other restrictions lapse in equal annual installments on each of the first three anniversaries of the date of grant. On December 31, 2016, there was approximately $1 million of unrecognized compensation cost related to restricted stock units which is expected to be recognized over a weighted-average period of approximately 2 years. Prior to the Effective Date, Verso had shares and share-based awards outstanding under the Amended and Restated 2008 Incentive Award Plan, or the “2008 Incentive Plan.” On the Effective Date, pursuant to the operation of the Plan, the prior employee incentive plans and other employment agreements were terminated and any awards issued under them were no longer honored. Under the 2008 Incentive Plan, up to 11 million shares of our old common stock were authorized for the issuance of stock awards to be granted to employees, consultants, and directors upon approval by the board of directors. We had issued non-qualified stock options to certain non-employee directors that vested upon grant and expired 10 years from the date of grant. We also issued time-based non-qualified stock options to officers and management employees in 2015 , and 2014 . The time-based options vested one to three years from the date of grant and expired seven years from the date of grant. Further information relating to stock options is as follows: (in millions) Options Outstanding Outstanding on 12/31/2013 (Predecessor) 4 Options granted 2 Exercised — Outstanding on 12/31/2014 (Predecessor) 6 Options granted 3 Forfeited (1 ) Outstanding on 12/31/2015 (Predecessor) 8 Cancellation of Predecessor stock awards (8 ) Outstanding on 7/15/2016 (Successor) — There were no stock options outstanding as of December 31, 2016 (Successor). The Successor recognized negligible equity award expense for the period July 15, 2016 to December 31, 2016. We also recognized equity award expense of $4 million for the period from January 1 to July 14, 2016 (Predecessor), $3 million for the year ended December 31, 2015 (Predecessor) and $2 million for the year ended December 31, 2014 (Predecessor).

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2016
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 then majority owner, relating to the provision of certain financial and strategic advisory services and consulting services, which was scheduled to expire on August 1, 2018 . Under the management agreement, Apollo, upon providing notice to us, had 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 similar transaction if we decided to engage someone to fill such role. If Apollo exercised its right to act as our financial advisor or investment banker for any such transaction, and if we were unable to agree with Apollo on its compensation for serving in such role, then at the closing of any merger, acquisition, disposition or financing or similar transaction, we 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 also 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. Apollo did not exercise its right to act as our financial advisor or investment banker for any such transaction in the periods presented and thus, we made no payment to Apollo under the management agreement during those periods. On the Effective Date, in connection with our emergence from bankruptcy, such management agreement was terminated and all rights and remedies thereunder were terminated, extinguished, waived and released. Transactions with Affiliates — Prior to the Effective Date, we transacted business with affiliates of Apollo from time to time. Our product sales to Apollo affiliates were approximately $15 million for the period of January 1 through July 14, 2016 (Predecessor) and $26 million for the year ended December 31, 2015 (Predecessor). Our related accounts receivable were approximately $3 million as of July 14, 2016 (Predecessor) and $1 million as of December 31, 2015 (Predecessor). Our product purchases from Apollo affiliates were negligible for the Predecessor. As of the Effective date, Apollo is no longer a related party. For the period from July 15 to December 31, 2016 (Successor), we did not transact business with affiliates, however upon the Effective Date, several of our significant debtholders became our stockholders.

RESTRUCTURING CHARGES

RESTRUCTURING CHARGES	12 Months Ended
	Dec. 31, 2016
Restructuring and Related Activities [Abstract]
RESTRUCTURING CHARGES	RESTRUCTURING CHARGES Corporate Restructuring - In November 2016, Verso announced the closure of its Memphis office headquarters and relocation of its Corporate headquarters to Miamisburg, Ohio. In connection with the Memphis office closure, severance and benefit costs of $2 million were incurred and are included in Accrued liabilities on our accompanying Consolidated Balance Sheet as of December 31, 2016 . In January 2015, in connection with the NewPage acquisition, Verso executed a restructuring of its operations to integrate the historical Verso and NewPage operations, generate cost savings and capture synergies across the combined company. The following table details the Predecessor restructuring charges incurred related to the NewPage acquisition. Restructuring costs of the Predecessor were primarily attributable to the paper segment as included in Restructuring charges on our accompanying Consolidated Statements of Operations: Predecessor Year Ended Cumulative (Dollars in millions) December 31, 2015 Incurred Property and equipment - disposal $ 4 $ 4 Severance and benefit costs 16 16 Total restructuring costs $ 20 $ 20 The following details the changes in our restructuring reserve liabilities related to the Corporate restructuring including restructuring activities related to the Memphis corporate headquarters closure (Successor) and NewPage acquisition (Predecessor) which are included in Accrued liabilities on our Consolidated Balance Sheets: Predecessor Successor Year January 1, 2016 July 15, 2016 Ended Through Through (Dollars in millions) December 31, 2015 July 14, 2016 December 31, 2016 Beginning balance of reserve $ — $ 5 $ 2 Severance and benefit costs 16 — 2 Severance and benefit payments (11 ) (3 ) (1 ) Ending balance of reserve $ 5 $ 2 $ 3 Androscoggin/Wickliffe Capacity Reduction - On August 20, 2015, Verso announced plans to make production capacity reductions at two of our mills by shutting down the No. 1 pulp dryer and No. 2 paper machine at our mill in Androscoggin, Maine, and by indefinitely idling our mill in Wickliffe, Kentucky. Together, these actions will reduce our annual production capacity by 430,000 tons of coated paper and 130,000 tons of dried market pulp. On April 5, 2016, we announced our decision to permanently close the Wickliffe mill and the associated Property, plant, and equipment were written down to salvage value. The following table details the charges incurred related primarily to the Androscoggin/Wickliffe capacity reductions and primarily attributable to the paper segment as included in Restructuring charges on our accompanying Consolidated Statements of Operations for the Predecessor: Predecessor Year January 1, 2016 Ended Through Cumulative (Dollars in millions) December 31, 2015 July 14, 2016 Incurred Property and equipment $ — $ 127 $ 127 Severance and benefit costs 16 10 26 Write-off of spare parts, inventory and other assets 3 9 12 Write-off of purchase obligations and commitments 1 2 3 Other miscellaneous costs 1 3 4 Total restructuring costs $ 21 $ 151 $ 172 Severance and benefit costs for the period January 1, 2016 to July 14, 2016 (Predecessor) in excess of severance and benefits costs accrued were primarily the result of $3 million of salaries and benefit costs for employees continuing to provide services, which were expensed as incurred. Severance and benefit costs for the year ended December 31, 2015 (Predecessor) in excess of severance and benefits costs accrued were primarily the result of approximately $4 million of non-cash pension expenses and $1 million of salaries and benefit costs for employees continuing to provide services, which were expensed as incurred. The following table details the charges incurred related primarily to the Androscoggin/Wickliffe capacity reductions as included in Restructuring charges on our accompanying Consolidated Statements of Operations for the Successor: Successor July 14, 2016 Through Cumulative (Dollars in millions) December 31, 2016 Incurred Severance and benefit costs 5 5 Write-off of purchase obligations and commitments 1 1 Other miscellaneous costs 3 3 Total restructuring costs $ 9 $ 9 The following details the changes in our restructuring reserve liabilities related to the Androscoggin/Wickliffe Capacity Reduction during the year ended December 31, 2015 and the period January 1, 2016 to July 14, 2016 (Predecessor), and the period July 15, 2016 to December 31, 2016 (Successor), which are included in Accrued liabilities on our Consolidated Balance Sheets: Predecessor Successor Year January 1, 2016 July 15, 2016 Ended Through Through (Dollars in millions) December 31, 2015 July 14, 2016 December 31, 2016 Beginning balance of reserve $ — $ 7 $ 5 Severance and benefit costs 11 7 4 Severance and benefit payments (4 ) (10 ) (3 ) Purchase obligations 1 2 1 Payments on purchase obligations (1 ) — (1 ) Purchase obligations reserve adjustments — (1 ) — Ending balance of reserve $ 7 $ 5 $ 6 On November 1, 2016, we announced the temporary idling of the No. 3 paper machine at our Androscoggin mill. In connection with the temporary idling, we determined a reduction in the useful life of the machine and accordingly recognized $43 million of accelerated depreciation, which is included in Depreciation, amortization, and depletion in our accompanying Consolidated Statements of Operations (Successor). In the third quarter of 2015, we announced plans to make production capacity reductions at our Androscoggin and Wickliffe mills. As a result, we recognized $58 million of accelerated depreciation which is included in Depreciation, amortization and depletion in our accompanying Consolidated Statements of Operations for the year ended December 31, 2015 (Predecessor). 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 annual coated groundwood paper production capacity by approximately 350,000 tons and its annual specialty paper production capacity by approximately 55,000 tons. The Bucksport mill and related assets were subsequently sold (see also Note 5 ). The following table details the charges incurred related primarily to the Bucksport mill closure in 2014 as included in Restructuring charges on our accompanying Consolidated Statements of Operations: Predecessor Year Year Ended Ended Cumulative (Dollars in millions) December 31, 2014 December 31, 2015 Incurred Property and equipment $ 89 $ — $ 89 Severance and benefit costs 27 2 29 Write-off of spare parts, inventory and other assets 14 — 14 Write-off of purchase obligations and commitments 2 6 8 Other miscellaneous costs 3 4 7 Total restructuring costs $ 135 $ 12 $ 147 There were no restructuring charges related to the Bucksport shutdown during 2016.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The following is a summary of the components of the (benefit) provision for income taxes for Verso: Predecessor Successor Year Ended Year Ended January 1, 2016 July 15, 2016 December 31, December 31, Through Through (Dollars in millions) 2014 2015 July 14, 2016 December 31, 2016 Current tax (benefit) provision: U.S. federal $ — $ — $ — $ — U.S. state and local (1 ) — — — Total current tax provision (benefit) (1 ) — — — Deferred tax (benefit) provision: U.S. federal (112 ) (136 ) 549 (19 ) U.S. state and local (14 ) (37 ) 78 2 Changes to reorganization — — 8 — Total deferred tax (benefit) provision (126 ) (173 ) 635 (17 ) Less: valuation allowance 124 170 (635 ) 17 Allocation of tax to Other Comprehensive Income — — — (20 ) Total income tax (benefit) provision $ (3 ) $ (3 ) $ — $ (20 ) A reconciliation of income tax expense using the statutory federal income tax rate compared with actual income tax expense follows: Predecessor Successor Year Ended Year Ended January 1, 2016 July 15, 2016 December 31, December 31, Through Through (Dollars in millions) 2014 2015 July 14, 2016 December 31, 2016 Tax at Statutory U.S. Rate of 35% in 2016 and 2015, and 34% in 2014 $ (121 ) $ (149 ) $ 412 $ (18 ) Increase resulting from: Reorganization costs and fresh-start accounting — — (680 ) — Allocation of tax to Other Comprehensive Income related to pension and other postretirement benefits. — — — (20 ) Federal net operating losses — — 818 Cancellation of debt income — 11 — — Disallowed interest expense — 5 — — Nondeductible transaction costs 9 (4 ) — — Other expenses — 1 — — Net permanent differences 9 13 138 (20 ) Valuation allowance 124 170 (635 ) 17 Changed to reorganization — — 8 — State income taxes (benefit) (15 ) (37 ) 78 2 Other — — (1 ) (1 ) Total income tax (benefit) provision $ (3 ) $ (3 ) $ — $ (20 ) The following is a summary of the significant components of our net deferred tax liability: Predecessor Successor (Dollars in millions) December 31, 2015 December 31, 2016 Deferred tax assets: Net operating loss and credit carryforwards $ 991 $ 76 Pension 181 251 Cancellation of debt income 30 — Compensation obligations 24 25 Inventory reserves/capitalization 18 43 Capitalized expenses 10 4 Payment-in-kind interest 10 — Intangible assets 5 — Other 17 21 Gross deferred tax assets 1,286 420 Less: valuation allowance (811 ) (193 ) Deferred tax assets, net of allowance $ 475 $ 227 Deferred tax liabilities: Property, plant, and equipment $ (475 ) $ (207 ) Planned major maintenance (5 ) — Cancellation of debt income deferral — (13 ) Intangible assets — (4 ) Other (3 ) (3 ) Total deferred tax liabilities (483 ) (227 ) Net deferred tax liabilities $ (8 ) $ — The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Based on our lack of historical earnings, management believes it is more likely than not that Verso will not realize the benefits of those deductible differences. Upon the Effective Date of the Plan, certain debt obligations of the Company were extinguished. Absent an exception, a debtor recognizes cancellation of debt income, or “CODI,” upon discharge of its outstanding indebtedness for an amount less than its original issue price. The Internal Revenue Code, or “IRC,” provides that a debtor in a bankruptcy case may exclude CODI from taxable income but must reduce certain of its tax attributes by the amount of the CODI realized as a result of the consummation of a plan of reorganization. Also, IRC Section 382 limits our ability to utilize our losses in the future. This has resulted in a reduction of our federal net operating losses available to be utilized in the future to approximately $190 million at the end of 2016. ASC 740-20-45-7 requires that a Company allocate tax expense to other comprehensive income, or “OCI,” and a corresponding tax benefit to income from continuing operations when there is a pre-tax loss from continuing operations and pretax income in OCI. In 2016, Verso allocated approximately $20 million of tax expense to OCI and recognizing a $20 million tax benefit in continuing operations. The valuation allowance for deferred tax assets as of December 31, 2016, and December 31, 2015 were $193 million and $811 million , respectively. The decrease in the valuation allowance in 2016 of $618 million is primarily attributable to the effect of the plan of reorganization, fresh start accounting , and attribute reduction during 2016. It is less than more likely than not that Verso will realize these carryforward benefits in the future. Income tax benefits of $251 million related to pension and OPEB liabilities are recorded of which $58 million is attributable to other comprehensive income. Verso’s policy is to record interest paid or received with respect to income taxes as interest expense or interest income, respectively, in the Consolidated Statements of Operations. The total amount of tax related interest and penalties in the accompanying Consolidated Balance Sheets was zero at December 31, 2016 (Successor) and 2015 (Predecessor). The amount of expense (benefit) for interest and penalties included in the Consolidated Statements of Operations was zero for all periods presented. Verso has federal net operating loss carryforwards totaling approximately $2,600 million as of December 31, 2016, which begin to expire at the end of 2034. We believe that these net operating losses will be reduced by attribute reduction and IRC Section 382 limits to approximately $190 million available to be utilized in the future. Verso has state net operating loss carryforwards, after apportionment, totaling approximately $1,571 million as of December 31, 2016. We believe that these net operating losses will be reduced by attribute reduction and IRC Section 382 limits to approximately $34 million available to be utilized in the future. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: (Dollars in millions) Balance at December 31, 2014 - Predecessor $ — Acquired in NewPage Transaction 5 Derecognition of Credits limited by Section 383 (2 ) Balance at December 31, 2015 - Predecessor 3 Additions — Reductions — Balance at July 14, 2016 - Predecessor $ 3 Balance at July 14, 2016 - Successor $ 3 Additions — Reductions — Balance at December 31, 2016 - Successor $ 3 None of the unrecognized tax benefits are expected to significantly increase or decrease in the next twelve months. None of the unrecognized tax benefits would, if recognized, affect the effective tax rate. Verso is subject to various federal, state, and local income tax audits for the tax years ended December 31, 2011 through 2016 . As of the current date, there are no ongoing federal or state income tax audits.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Operating Leases — We have entered into operating lease agreements, which expire at various dates through 2022 , primarily related to warehouse and office space leases. Rental expense under operating leases amounted to $4 million for the period July 15, 2016 to December 31, 2016 (Successor), $6 million for the period January 1, 2016 to July 14, 2016 (Predecessor), $16 million for the year ended 2015 (Predecessor), and $7 million for the year ended 2014 (Predecessor). The following table, as of December 31, 2016 , represents the future minimum rental payments due under non-cancelable operating leases that have initial or remaining lease terms in excess of one year: (Dollars in millions) 2017 $ 8 2018 6 2019 2 2020 1 2021 1 Thereafter 1 Total $ 19 Purchase obligations — We have entered into unconditional purchase obligations in the ordinary course of business for the purchase of certain raw materials, energy, and services. The following table, as of December 31, 2016 , summarizes our unconditional purchase obligations. (Dollars in millions) 2017 $ 47 2018 42 2019 38 2020 34 2021 5 Thereafter 16 Total $ 182 Represented Employees — Approximately 70% of our hourly workforce is represented by unions. All represented employees were covered by the Master Labor Agreement 2012–2016, dated as of December 21, 2012, covering wages and benefits; certain represented mills also had local agreements covering general work rules, until the expiration of the Master Labor Agreement in December of 2016. The parties continue to have a dialogue toward reaching a new agreement. In the interim, each of the represented sites has local agreements which govern wages and benefits, along with terms and conditions of employment on the local level. In the event the Master Labor Agreement is not renegotiated, management will bargain site by site as local agreements reach their respective expiration dates. Severance Arrangements — Under our severance policy, and subject to certain terms and conditions, if the employment of a salaried employee or a non-union hourly employee is terminated under specified circumstances, the employee is eligible to receive a termination allowance based on the employee’s eligible pay, employee classification, and applicable service as follows: (i) prescribed minimum weeks of eligible pay based on employee classification, plus (ii) one week of eligible pay multiplied by years of service not in excess of 10 years of service for employees with one through 10 years of service, and (iii) for employees with eleven and above years of service, an additional two weeks of eligible pay multiplied by years of service in excess of 10 years of service. In any event, the allowance is not less than two weeks of eligible pay and not more than 52 weeks of eligible pay. Termination allowances for union employees are subject to collective bargaining rules. We also may elect to provide the employee with other severance benefits such as prorated and/or reduced incentive awards under our incentive plans and programs, subsidized continuation medical and dental insurance coverage, and outplacement services. Our executive officers are also entitled to receive additional severance benefits under their contracts with us in the event of the termination of their employment under certain circumstances. Expera Specialty Solutions, LLC — We were a party to a long-term supply agreement with Expera Specialty Solutions, or “Expera,” for the manufacture of specialty paper products on paper machine no. 5 at our Androscoggin mill in Jay, Maine. The agreement, which was an element of the sale by International Paper Company of its industrial paper business to Thilmany, LLC in 2005, had a 12-year term expiring on June 1, 2017 . Verso, as the assignee of International Paper, was responsible for the machine’s routine maintenance and Expera was responsible for any capital expenditures specific to the machine. The agreement required Expera to pay us a variable charge for the paper purchased and a fixed charge for the availability of the paper machine. Expera had the right to terminate the agreement if certain events occurred. On May 25, 2016, the Bankruptcy Court authorized Verso to reject its supply agreement with Expera effective on May 4, 2016. Moving forward from the rejection of this agreement, we intend to continue producing our own portfolio of specialty paper products on paper machine no. 5 at our Androscoggin mill. 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.

NEW MARKET TAX CREDIT ENTITIES

NEW MARKET TAX CREDIT ENTITIES	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
NEW MARKET TAX CREDIT ENTITIES	NEW MARKET TAX CREDIT ENTITIES In 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 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 Consolidated Balance Sheets. The impact of the VIE was $8 million of Other liabilities as of December 31, 2015 and December 31, 2016. 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.

INFORMATION BY INDUSTRY SEGMENT

INFORMATION BY INDUSTRY SEGMENT	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
INFORMATION BY INDUSTRY SEGMENT	INFORMATION BY INDUSTRY SEGMENT We have two operating segments, paper and pulp, however, subsequent to the Effective Date, we have determined that the operating loss of the pulp segment is immaterial for disclosure purposes. 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 reportable segments for the periods presented: Predecessor Year Ended January 1, 2016 December 31, Through (Dollars in millions) 2014 2015 July 14, 2016 Net Sales: Paper $ 1,136 $ 2,914 $ 1,349 Pulp 161 252 91 Intercompany eliminations — (44 ) (23 ) Total $ 1,297 $ 3,122 $ 1,417 Operating (Loss) Income: Paper (1) $ (194 ) $ (129 ) $ (104 ) Pulp 19 (26 ) (17 ) Total $ (175 ) $ (155 ) $ (121 ) Depreciation, Amortization, and Depletion: Paper $ 76 $ 278 $ 92 Pulp 15 30 8 Total $ 91 $ 308 $ 100 Capital Spending: Paper $ 32 $ 51 $ 26 Pulp 10 13 5 Total $ 42 $ 64 $ 31 (1) In 2014 and 2015, Restructuring charges attributable to the paper segment were $135 million and $49 million , respectively. Operating losses in the period from January 1, 2016 to July 14, 2016 (Predecessor), include $135 million of Restructuring charges attributable to the paper segment and $16 million of Restructuring charges related to the pulp segment.

QUARTERLY DATA

QUARTERLY DATA	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY DATA	20. UNAUDITED QUARTERLY DATA Our quarterly financial data is as follows: Predecessor Successor July 1, July 15, 2016 2016 (Dollars in millions, except per share amounts) First Second Third Fourth First Second Through Through Fourth Quarter Quarter Quarter Quarter Quarter Quarter July 14, September 30, Quarter 2015 2015 2015 2015 2016 2016 2016 2016 2016 Summary Statement of Operations Data: Net sales $ 806 $ 778 $ 782 $ 756 $ 690 $ 630 $ 97 $ 578 $ 646 Gross margin (1) 78 121 105 91 72 82 14 19 107 Cost of products sold (exclusive of depreciation, amortization and depletion) 728 657 677 665 618 548 83 559 539 Depreciation, amortization and depletion 57 64 60 127 48 45 7 24 69 Selling, general, and administrative expenses 55 46 33 53 47 40 8 23 26 Restructuring charges (2) 22 6 55 (29 ) 144 7 — 2 9 Other operating expense (income) — — — 1 (57 ) — — 2 6 Interest income — — — — — — — — — Interest expense 66 67 68 69 26 11 2 8 9 Reorganization items, net — — — — (48 ) 12 (1,302 ) — — Other loss, net — — — — — — — — — Income tax benefit — (2 ) — (1 ) — — — — (20 ) Net income (loss) (122 ) (60 ) (111 ) (129 ) (88 ) (33 ) 1,299 (40 ) 8 Share Data: Earnings (loss) per share: Basic $ (1.53 ) $ (0.73 ) $ (1.36 ) $ (1.58 ) $ (1.07 ) $ (0.40 ) $ 15.88 $ (1.16 ) $ 0.23 Diluted (1.53 ) (0.73 ) (1.36 ) (1.58 ) (1.07 ) (0.40 ) 15.88 (1.16 ) 0.23 Weighted average shares of common stock outstanding (thousands): Basic 79,670 81,763 81,842 81,876 81,869 81,828 81,823 34,391 34,391 Diluted 79,670 81,763 81,842 81,876 81,869 81,828 81,823 34,391 34,391 Closing price per share: High $ 12.00 $ 7.16 Low 5.66 4.82 Period-end 6.45 7.10 (1) Gross margin represents net sales less cost of products sold, excluding depreciation, amortization, and depletion. (2) Costs primarily associated with severance and employee related costs and other restructuring charges associated with the NewPage acquisition, the shutdown of a pulp dryer and paper machine at the Androscoggin mill, the indefinite idling of the Wickliffe mill, and the closure of the Bucksport mill. In the fourth quarter of 2015, we reclassified previously recognized accelerated depreciation related to these production capacity reductions out of Restructuring charges and into Depreciation, amortization, and depletion.

SUMMARY OF BUSINESS AND SIGNI28

SUMMARY OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Nature of Business	Nature of Business — We operate in the following two market segments: paper and pulp. However subsequent to the Effective Date (as defined below), we determined that the operating loss of the pulp segment is immaterial for disclosure purposes (see Note 19 ). Our core business platform is as a producer of coated freesheet, specialty and coated groundwood papers. Our products are used primarily in media and marketing applications, including catalogs, magazines, commercial printing applications, such as high-end advertising brochures, annual reports, and direct-mail advertising, and specialty applications, such as flexible packaging and label and converting. Our market kraft pulp is used to manufacture printing, writing, and specialty paper grades and tissue products.
Basis of Presentation	Basis of Presentation — On January 7, 2015, Verso consummated the previously announced acquisition of NewPage through the merger of Verso Merger Sub Inc., an indirect, wholly owned subsidiary of Verso, or “Merger Sub,” with and into NewPage, or the “NewPage acquisition,” pursuant to an Agreement and Plan of Merger, or 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 5 ). As such, the Consolidated Financial Statements for the year ended December 31, 2015 , include the results of operations of NewPage beginning January 7, 2015. On January 26, 2016, the “Petition Date,” Verso and substantially all of its direct and indirect subsidiaries, or the “Debtors,” filed voluntary petitions for relief, the “Chapter 11 Filings,” under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware, or the “Bankruptcy Code,” in the United States Bankruptcy Court for the District of Delaware, or the “Bankruptcy Court.” On June 23, 2016, the Bankruptcy Court entered an order, the “Confirmation Order,” confirming Debtors’ First Modified Third Amended Joint Plan of Reorganization Under Chapter 11 of the Bankruptcy Code dated as of June 20, 2016, or the “Plan.” On July 15, 2016, or the “Effective Date,” the Plan became effective pursuant to its terms and the Debtors emerged from their chapter 11 cases, or the “Chapter 11 Cases” (see Note 2 ). In accordance with the provisions of Financial Accounting Standards Board, or “FASB,” Accounting Standards Codification, or “ASC,” Topic 852, Reorganizations, and in conformity with ASC Topic 805 , Business Combinations, the Company adopted fresh-start accounting upon emergence from their Chapter 11 Cases and became a new entity for financial reporting purposes as of July 15, 2016. References to “Successor” or “Successor Company” relate to Verso on and subsequent to July 15, 2016. References to “Predecessor” or “Predecessor Company” refer to Verso prior to July 15, 2016. For accounting purposes all emergence related transactions of the Predecessor including the impact of the issuance of the Successor common stock and warrants and entering into the Exit Credit Facilities (as defined below) were recorded as of July 14, 2016. Accordingly, the Consolidated Financial Statements for the Successor are not comparable to the consolidated financial statements for the Predecessor. Also in connection with the adoption of fresh-start accounting, we elected to make certain material accounting policy changes as described below. This report contains the Consolidated Financial Statements as of December 31, 2016 (Successor) and 2015 (Predecessor), for the years ended December 31, 2015 , and 2014 (Predecessor), for the period from January 1, 2016 to July 14, 2016 (Predecessor), and for the period from July 15, 2016 to December 31, 2016 (Successor). Variable interest entities for which we are the primary beneficiary are also consolidated (see Note 17 ). Intercompany balances and transactions are eliminated in consolidation.
Use of Estimates	Use of Estimates — The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America, or “GAAP,” requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from these estimates.
Revenue Recognition	Revenue Recognition — Sales are recorded net of rebates, allowances, and discounts. Revenue is recognized when the customer takes title and assumes the risks and rewards of ownership, in accordance ASC Topic 605, Revenue Recognition . Revenue is recorded at the time of shipment for terms designated FOB, or “free on board,” shipping point. For sales transactions designated FOB destination, revenue is recorded when the product is delivered to the customer’s site and when title and risk of loss are transferred.
Shipping and Handling Costs	Shipping and Handling Costs — Shipping and handling costs, such as freight to customer destinations, are included in Cost of products sold in the accompanying Consolidated Statements of Operations. When the sales price includes charges to customers for shipping and handling, such amounts are included in Net sales.
Planned Maintenance Costs	Planned Major Maintenance Costs — Prior to the Effective Date, costs for planned major maintenance shutdowns were deferred and then expensed ratably over the period until the next major planned shutdown. Upon the Effective Date, costs for all repair and maintenance activities are expensed in the month that the related activity is performed under the direct expense method of accounting.
Successor Cost of products sold/ Selling, general and administrative expenses	Successor Cost of products sold/ Selling, general and administrative expenses — Certain centralized costs attributable to manufacturing overhead, including enterprise-wide human resources management, procurement, and information systems support, recorded in Selling, general, and administrative expenses of the Predecessor are recorded to Cost of products sold of the Successor.
Environmental Costs and Obligations	Environmental Costs and Obligations — Costs associated with environmental obligations, such as remediation or closure costs, are accrued when such costs are probable and reasonably estimable. Such accruals are adjusted as further information develops or circumstances change. Costs of future expenditures for environmental obligations are discounted to their present value when the timing of expected cash flows are reliably determinable.
Equity Compensation	Equity Compensation — We account for equity awards in accordance with ASC Topic 718, Compensation – Stock Compensation . ASC Topic 718 requires employee equity awards to be accounted for under the fair value method. Accordingly, share-based compensation is measured at the grant date based on the fair value of the award. We use the straight-line attribution method to recognize share-based compensation over the service period of the award.
Income Taxes	Income Taxes — We account for income taxes using the liability method pursuant to ASC Topic 740, Income Taxes . Under this method, we recognize deferred tax assets and liabilities for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and our reported amounts using enacted tax rates in effect for the year the differences are expected to reverse. We record a valuation allowance to reduce the deferred tax assets to the amount that is more likely than not to be realized. We evaluate uncertain tax positions annually and consider whether the amounts recorded for income taxes are adequate to address our tax risk profile. We analyze the potential tax liabilities of specific transactions and tax positions based on management’s judgment as to the expected outcome.
Earnings Per Share	Earnings Per Share — We compute 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.
Fair Value of Financial Instruments	Fair Value of Financial Instruments — The carrying amounts for cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities approximate fair value due to the short maturity of these instruments. We determine the fair value of our debt based on market information and a review of prices and terms available for similar obligations. See also Note 2 , Note 5 , Note 9 , and Note 12 , for additional information regarding fair value. 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.
Cash and Cash Equivalents	Cash and Cash Equivalents — Cash and cash equivalents can include highly liquid investments with a maturity of three months or less at the date of purchase.
Inventories and Replacement Parts and Other Supplies	Inventories and Replacement Parts and Other Supplies — Inventory values include all costs directly associated with manufacturing products: materials, labor, and manufacturing overhead, and 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, net on the accompanying Consolidated Balance Sheet (see also Note 4 and Note 7 ).
Property, Plant, and Equipment	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 (see Note 6 ). Depreciation and amortization are computed using the straight-line method for all assets over the assets’ estimated useful lives. Estimated useful lives are as follows: (Years) Predecessor Successor Buildings and building improvements 20 - 40 20 - 40 Land improvements 20 10 - 20 Machinery and equipment 10 - 20 3 - 20 Furniture and office equipment 3 - 10 10 Computer hardware and software 3 - 6 3 - 7 Leasehold improvements Over the shorter of the lease term or the useful life of the improvements Over the shorter of the lease term or the useful life of the improvements
Intangible Assets	Intangible Assets — We account for intangible assets in accordance with ASC Topic 350, Intangibles – Goodwill and Other . Intangible assets of the Predecessor consisted of indefinite-lived trademarks, customer-related intangible assets, which were amortized over their estimated useful lives of approximately 20 to 25 years, and patents which were amortized over their legal lives of 10 years . As part of fresh-start accounting, we wrote-off the existing intangible assets and accumulated amortization of the Predecessor and recorded an adjustment of $30 million to reflect the fair value of the Intangible and other assets of the Successor (see also Note 2 ). The intangible assets of the Successor are comprised of customer relationships with a useful life of 10 years and trademarks with a five year useful life. Both are amortized on a straight-line basis. The fair value of trademarks was determined based on the Relief from Royalty method. We assumed a royalty rate of 0.25% and a five year economic life for our trademarks. The rate was based on analysis of market information.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets — Long-lived assets are reviewed for impairment upon the occurrence of events or changes in circumstances that indicate that the carrying value of the assets may not be recoverable, as measured by comparing their net book value to the estimated undiscounted future cash flows generated by their use. Impaired assets are recorded at estimated fair value, determined principally using discounted cash flows.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts — We maintain an allowance for doubtful accounts for estimated losses resulting from the inability of customers to make required payments. We manage credit risk related to our trade accounts receivable by continually monitoring the creditworthiness of our customers to whom credit is granted in the normal course of business. Trade accounts receivable balances were approximately $191 million at December 31, 2016 (Successor) and $215 million at December 31, 2015 (Predecessor). As of December 31, 2016 (Successor), our largest customer accounted for approximately 23% of our accounts receivable. As of December 31, 2015 (Predecessor), our largest customer accounted for approximately 19% of our accounts receivable. We establish our allowance for doubtful accounts based upon factors surrounding the credit risks of specific customers, historical trends, and other information. Based on this assessment, an allowance is maintained that represents what is believed to be ultimately uncollectible from such customers.
Deferred Financing Costs	Deferred Financing Costs — We record costs incurred in connection with borrowings or establishment of credit facilities as contra-liabilities in accordance with ASU 2015-03 (see Note 3 ). These costs are amortized as an adjustment to interest expense over the life of the borrowing or life of the credit facilities using the effective interest method. In the case of early debt principal repayments, we adjust the carrying value of the corresponding deferred financing costs with a charge to interest expense, and similarly adjust the future amortization expense.
Asset Retirement Obligations	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. As of December 31, 2016 (Successor) and December 31, 2015 (Predecessor), approximately $2 million and $1 million , respectively, of restricted cash was included in Intangibles and other assets, net in the accompanying Consolidated Balance Sheets related to 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 activity related to our asset retirement obligations for the periods presented. Long-term obligations are included in Other liabilities and current portions are included in Accrued liabilities in the accompanying Consolidated Balance Sheets: Predecessor Successor Year Ended January 1, 2016 July 15, 2016 December 31, Through Through (Dollars in millions) 2015 July 14, 2016 December 31, 2016 Asset retirement obligations, beginning balance $ 8 $ 16 $ 13 Liabilities assumed in the NewPage acquisition 9 — — Settlement of existing liabilities (2 ) — — Accretion expense 1 — — Adjustments to existing liabilities — (3 ) 1 Asset retirement obligations, ending balance 16 13 14 Less: Current portion — — (1 ) Non-current portion of asset retirement obligations, ending balance $ 16 $ 13 $ 13 The increase in the liability for the year ended 2015 was primarily attributable to the assumption of the asset retirement obligation liabilities associated with landfills acquired in connection with the NewPage acquisition. 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, no liability for such remediation was recorded.
Pension Benefits	Pension and other postemployment benefits — Pension plans cover substantially all of our employees. The defined benefit plans are funded in conformity with the funding requirements of applicable government regulations. Prior service costs are amortized on a straight-line basis over the estimated remaining service periods of employees. Certain employees are covered by defined contribution plans. Our contributions to these plans are based on a percentage of employees’ compensation or employees’ contributions.

SUMMARY OF BUSINESS AND SIGNI29

SUMMARY OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Schedule of Estimated Useful Lives of Property, Plant, and Equipment	Depreciation and amortization are computed using the straight-line method for all assets over the assets’ estimated useful lives. Estimated useful lives are as follows: (Years) Predecessor Successor Buildings and building improvements 20 - 40 20 - 40 Land improvements 20 10 - 20 Machinery and equipment 10 - 20 3 - 20 Furniture and office equipment 3 - 10 10 Computer hardware and software 3 - 6 3 - 7 Leasehold improvements Over the shorter of the lease term or the useful life of the improvements Over the shorter of the lease term or the useful life of the improvements
Asset Retirement Obligations Included in Other Liabilities	The following table presents activity related to our asset retirement obligations for the periods presented. Long-term obligations are included in Other liabilities and current portions are included in Accrued liabilities in the accompanying Consolidated Balance Sheets: Predecessor Successor Year Ended January 1, 2016 July 15, 2016 December 31, Through Through (Dollars in millions) 2015 July 14, 2016 December 31, 2016 Asset retirement obligations, beginning balance $ 8 $ 16 $ 13 Liabilities assumed in the NewPage acquisition 9 — — Settlement of existing liabilities (2 ) — — Accretion expense 1 — — Adjustments to existing liabilities — (3 ) 1 Asset retirement obligations, ending balance 16 13 14 Less: Current portion — — (1 ) Non-current portion of asset retirement obligations, ending balance $ 16 $ 13 $ 13
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in Accumulated other comprehensive income (loss) by balance type for periods presented: (Dollars in millions) Defined Benefit Pension Items Accumulated other comprehensive loss as of December 31, 2013 - Predecessor $ (11 ) Amounts reclassified from Accumulated other comprehensive loss to Cost of products sold 1 Pension liability adjustment (17 ) Net increase in other comprehensive loss (16 ) Accumulated other comprehensive loss as of December 31, 2014 -Predecessor (27 ) Amounts reclassified from Accumulated other comprehensive loss to Cost of products sold 3 Pension liability adjustment (78 ) Net increase in other comprehensive loss (75 ) Accumulated other comprehensive loss as of December 31, 2015 - Predecessor (102 ) Amounts reclassified from Accumulated other comprehensive loss to Cost of products sold 1 Elimination of Predecessor accumulated other comprehensive loss 101 Balance - July 14, 2016 - Predecessor — Balance - July 14, 2016 - Successor — Pension liability adjustment, net 127 Net increase in other comprehensive income 127 Accumulated other comprehensive income as of December 31, 2016 - Successor $ 127

BANKRUPTCY RELATED DISCLOSURES

BANKRUPTCY RELATED DISCLOSURES (Tables)	12 Months Ended
	Dec. 31, 2016
Reorganizations [Abstract]
Schedule of Fresh-Start Adjustments	An adjustment of $30 million was recorded to decrease the book value to fair value of Intangible and Other Assets to estimated fair value as follows: Successor Trade Names $ 16 Successor Customer Relationships 26 Write-off of Predecessor intangible and other assets (72 ) $ (30 ) Reflects the cumulative impact of fresh-start adjustments as discussed above and shown in the table below and the elimination of the Predecessor accumulated other comprehensive income: Accounts Receivable, net $ (2 ) Inventory (14 ) Write down Property, plant and equipment, net (480 ) Record fair value of Intangibles and Other Assets (30 ) Accrued Liabilities (2 ) Other Long-Term Liabilities 4 Pension (135 ) Change in deferred taxes 8 Total loss recorded as a result of Fresh-Start Accounting (651 ) Elimination of Predecessor accumulated other comprehensive loss (102 ) Net impact on Retained earnings (deficit) $ (753 ) Reflects the cumulative impact of the reorganization adjustment discussed above: Gain on settlement of LSTC $ 1,992 Professional fees paid at emergence (8 ) Success fees accrued at emergence (12 ) Net gain on reorganization adjustments 1,972 Cancellation of Predecessor equity (1) 322 Net impact to Retained earnings $ 2,294 (1) Net of recognition of previously unamortized stock compensation cost of the Predecessor. Represents the short-term portion of borrowing pursuant to the Exit Term Loan Facility net of the payment of the principal balance of the NewPage DIP Facilities and settlement of the NewPage DIP Roll Up Loan: Short-term portion of Exit Term Loan $ 18 Payment of the NewPage DIP Facilities (278 ) Settlement of NewPage DIP Roll Up Loans (183 ) $ (443 ) This entry records the settlement of LSTC and the NewPage DIP Roll Up Loans: Settlement of LSTC debt $ (2,324 ) Settlement of LSTC accrued interest (126 ) Settlement of LSTC accounts payable and accrued liabilities (85 ) Settlement of LSTC (2,535 ) Settlement of NewPage DIP Roll-Up Loans (principal and interest) (184 ) Reinstatement of certain liabilities from LSTC 49 Cash paid for the satisfaction of unsecured claims in aggregate settlement 3 Issuance of New Common Stock 665 Issuance of Plan Warrants 10 Net gain on settlement of LSTC and DIP Roll-Up Loans $ (1,992 ) Represents the long-term portion of the Exit Term Loan Facility and Exit ABL Facility net of debt issuance costs as follows: Exit ABL Facility Borrowing $ 120 Exit Term Loan Facility Borrowing 220 Debt Discount (22 ) Debt issuance costs (8 ) Less: Current Portion (18 ) Long-term Debt $ 292 An adjustment of $14 million was recorded to decrease the book value of inventories to their estimated fair value as follows: Replacement parts and other supplies $ (52 ) Work-in-process and finished goods 38 $ (14 ) Predecessor Reorganization Adjustments Fresh-Start Adjustments Successor ASSETS Current assets: Cash and cash equivalents $ 27 $ 20 (a) $ — $ 47 Accounts receivable, net 201 — (2 ) 199 Inventories 503 — (14 ) (l) 489 Prepaid expenses and other assets 27 (3 ) — 24 Total current assets 758 17 (16 ) 759 Property, plant, and equipment, net 1,660 — (480 ) (m) 1,180 Intangibles and other assets, net 97 — (30 ) (n) 67 Total assets $ 2,515 $ 17 $ (526 ) $ 2,006 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 103 $ 41 (b) $ — $ 144 Accrued liabilities 140 10 (c) 2 152 Current maturities of long-term debt 461 (443 ) (d) — 18 Total current liabilities 704 (392 ) 2 314 Long-term debt — 292 (e) — 292 Other liabilities 597 5 (f) 123 (o) 725 Liabilities subject to compromise 2,535 (2,535 ) (g) — — Total liabilities 3,836 (2,630 ) 125 1,331 Commitment and contingencies Equity: Predecessor preferred stock — — — — Successor preferred stock — — — — Predecessor common stock 1 (1 ) (h) — — Successor common stock — — (i) — — Treasury stock (1 ) 1 (h) — — Predecessor paid-in capital 322 (322 ) (h) — — Successor paid-in-capital — 665 (i) — 665 Warrants — 10 (j) — 10 Retained (deficit) earnings (1,541 ) 2,294 (k) (753 ) (p) — Accumulated other comprehensive loss (102 ) — 102 (p) — Total (deficit) equity (1,321 ) 2,647 (651 ) 675 Total liabilities and equity $ 2,515 $ 17 $ (526 ) $ 2,006 Reflects payments and receipts recorded as of the Effective Date as follows: Sources: Amount borrowed under the Exit Credit Facilities $ 340 Less discount on Exit Term Loan Facility (22 ) Total Sources 318 Uses: Repayment of DIP facility (principal and interest) (279 ) Payment of deferred financing costs on exit financing (8 ) Payment of professional fees (8 ) Aggregate settlement of unsecured claims (3 ) Total uses (298 ) Net source $ 20
Schedule of Contractual Interest	Predecessor July 1, 2016 January 26, 2016 Through Through (Dollars in millions) July 14, 2016 July 14, 2016 Verso Holdings $ 8 $ 98 NewPage Corp 2 25 Total contractual interest $ 10 $ 123
Schedule of Reorganization items, net	The following table reconciles the equity value to the estimated reorganization value as of the Effective Date: Value of Successor Stock $ 665 Add: Fair value of Plan Warrants 10 Equity Value 675 Add: Fair value of long-term debt 318 Add: Other non-interest bearing liabilities 1,021 Less: Debt issuance costs (8 ) Reorganization value of Successor assets $ 2,006 The following table presents reorganization items incurred in the periods after the Effective Date, as reported in the accompanying Consolidated Statement of Operations: Predecessor January 26, 2016 Through (Dollars in millions) July 14, 2016 Net gain on settlement of LSTC and DIP Roll-Up Notes $ (1,992 ) Total loss recorded as a result of Fresh-Start Accounting 651 Professional fees 52 DIP financing cost 22 Write-off of unamortized deferred financing costs, discounts/premiums, and deferred gains (1) (81 ) Contract modifications and rejections, net 14 Other (4 ) Total reorganization items, net $ (1,338 ) (1) Primarily represents $116 million of non-cash reorganization gain off-set by non-cash reorganization expense of $35 million . The gains are recognized as the difference between the Petition Date carrying value of certain Verso notes previously recorded as a troubled debt restructuring and their par value (estimated allowed claim) for such debt and the expenses represent the write-off of debt issuance costs and other carrying value adjustments.

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2016
Inventory Disclosure [Abstract]
Inventories by Major Category	Predecessor Successor (Dollars in millions) December 31, 2015 December 31, 2016 Raw materials $ 91 $ 95 Work-in-process 58 62 Finished goods 256 264 Replacement parts and other supplies - current portion 79 24 Inventories, net $ 484 $ 445 Amounts presented in the Consolidated Balance Sheets and the table above are adjusted for valuation allowances.

ACQUISITIONS AND DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS (Tables)	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Schedule of Assets and liabilities Held for Sale	Assets held for sale in the accompanying Consolidated Balance Sheets were comprised of the following: Predecessor December 31, (Dollars in millions) 2015 Property, plant, and equipment, net (1) $ 5 Assets held for sale $ 5 (1) Recorded at carrying value as the expected proceeds less costs to sell exceed carrying value.
Schedule of accounting considerations	Accounting consideration for the NewPage acquisition was as follows: (Dollars in millions) 13,607,693 shares of Verso common stock valued at January 7, 2015 closing price $ 46 $650 face value New First Lien Notes valued at January 7, 2015 closing price 663 Accounting consideration $ 709
Schedule of purchase price allocation	The allocation of the purchase price was as follows: (Dollars in millions) Cash $ 128 Current assets, excluding cash 578 Property, plant, and equipment 1,574 Other long-term assets 43 Current liabilities (277 ) Current portion of long-term debt (3 ) Non-current pension and other postretirement benefit obligations (476 ) Other long-term liabilities (58 ) Long-term debt (800 ) Net assets acquired $ 709
Pro forma information	Predecessor Pro Forma Year Ended (Unaudited) December 31, (Dollars in millions, except per share data) 2014 2015 Revenues $ 3,648 $ 3,155 Net loss (564 ) (391 ) (Loss) earnings per share - basic and diluted $ (6.92 ) $ (4.78 ) Weighted-average common shares outstanding - basic and diluted (in thousands) 81,509 81,759

PROPERTY, PLANT, AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant, and Equipment	Property, plant, and equipment, net consist of the following: Predecessor Successor (Dollars in millions) December 31, 2015 December 31, 2016 Land and land improvements $ 107 $ 52 Building and leasehold improvements 327 152 Machinery, equipment, and other 2,267 995 Construction-in-progress 30 22 Property, plant, and equipment, gross 2,731 1,221 Accumulated depreciation (874 ) (89 ) Property, plant, and equipment, net $ 1,857 $ 1,132
Schedule of Depreciation and Capitalized Interest Costs	Interest costs capitalized, depreciation expense, and capital expenditures unpaid for the periods presented are as follows: Predecessor Successor Year Ended Year Ended January 1, 2016 July 15, 2016 December 31, December 31, Through Through (Dollars in millions) 2014 2015 July 14, 2016 December 31, 2016 Interest costs capitalized $ 2 $ 2 $ 1 $ 1 Depreciation 90 302 97 90 Capital expenditures unpaid 1 9 8 6

INTANGIBLES AND OTHER ASSETS (T

INTANGIBLES AND OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangibles and Other Assets	Intangibles and other assets consist of the following: Predecessor Successor (Dollars in millions) December 31, 2015 December 31, 2016 Intangible assets: Customer relationships, net of accumulated amortization of $15 million on December 31, 2015 (Predecessor), and $1 million on December 31, 2016 (Successor) $ 28 $ 25 Predecessor trademarks (Indefinite life) 10 — Successor trademarks, net of accumulated amortization of $1 million on December 31, 2016 (definite life) — 15 Other assets: Planned major maintenance 34 — Replacement parts and other supplies, net 6 — Restricted cash 3 3 Other 21 15 Total other assets $ 64 $ 18 Intangibles and other assets, net $ 102 $ 58
Finite-lived Intangible Assets Amortization Expense	Amortization expense related to intangible assets for the periods presented is as follows: Predecessor Successor Year Ended Year Ended January 1, 2016 July 15, 2016 December 31, December 31, Through Through (Dollars in millions) 2014 2015 July 14, 2016 December 31, 2016 Customer Relationships $ 1 $ 6 $ 2 $ 1 Trademarks — — — 1
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) 2017 $ 6 2018 6 2019 6 2020 6 2021 4

ACCRUED LIABILITIES (Tables)

ACCRUED LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2016
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	A summary of accrued liabilities is as follows: Predecessor Successor (Dollars in millions) December 31, 2015 December 31, 2016 Payroll and employee benefit costs $ 84 $ 83 Accrued sales rebates 30 21 Accrued energy 6 10 Accrued taxes - other than income 9 6 Restructuring costs 12 9 Accrued professional and legal fees 6 2 Accrued interest 108 2 Freight and other 12 15 Accrued liabilities $ 267 $ 148

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Summary of Long-Term Debt	A summary of debt is as follows: Original Predecessor Successor (Dollars in millions) Maturity December 31, 2015 December 31, 2016 Revolving Credit Facilities 7/14/2021 $ 349 $ 112 Term Loan at par value 10/14/2021 — 211 Old Notes and Term Loans 2,450 — Unamortized (discount) premium and debt issuance costs, net 80 (30 ) Less: Current portion (2,879 ) (28 ) Total long-term debt $ — $ 265 A summary of our pre-petition debt is as follows: Predecessor December 31, 2015 (Dollars in millions) Original Maturity Interest Rate Balance Par Value Verso Holdings Revolving Credit Facilities 5/4/2017 4.36 % $ 99 $ 99 11.75% Senior Secured Notes - 2012 1/15/2019 11.75 % 423 418 11.75% Senior Secured Notes - 2015 1/15/2019 11.75 % 655 645 11.75% Secured Notes - 1.5 Lien Notes 1/15/2019 11.75 % 272 272 13% Second Priority Senior Secured Notes 8/1/2020 13.00 % 268 181 16% Senior Subordinated Notes 8/1/2020 16.00 % 88 65 8.75% Second Priority Senior Secured Notes 2/1/2019 8.75 % 96 97 11.38% Senior Subordinated Notes 8/1/2016 11.38 % 41 41 NewPage Corp Revolving Credit Facility 2/11/2019 3.71 % 250 250 Floating Rate Senior Secured Term Loan 2/11/2021 9.50 % 705 731 Less: Debt issuance costs (18 ) — Total debt for Verso Corporation (1) $ 2,879 $ 2,799 (1) Total debt for Verso Corporation after offsetting with debt issuance costs. Balance is shown in Current liabilities on the accompanying Consolidated Balance Sheet as of December 31, 2015.
Interest Expense Related to Long Term Debt and Cash Interests Payments on Long-Term Debt	Amounts included in interest expense and amounts of cash interest payments related to long-term debt for the periods presented, are as follows: Predecessor Successor Year Ended Year Ended January 1, 2016 July 15, 2016 December 31, December 31, Through Through (Dollars in millions) 2014 2015 July 14, 2016 December 31, 2016 Interest expense $ 136 $ 266 $ 39 $ 15 Cash interest paid 117 246 12 12 Debt issuance cost and discount amortization (1) 8 6 — 3 (1) Amortization of debt issuance cost and original issue discount are included in interest expense on the statement of operations.
Payments Required Under Long-Term Debt	The scheduled principal payments required under the debt listed above during the years following December 31, 2016 , are set forth below: (Dollars in millions) 2017 $ 28 2018 18 2019 18 2020 18 2021 129 Total debt $ 211

OTHER LIABILITIES (Tables)

OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2016
Payables and Accruals [Abstract]
Schedule of Other Liabilities	Other liabilities consist of the following: Predecessor Successor (Dollars in millions) December 31, 2015 December 31, 2016 Other employee related obligations $ 29 $ 19 Asset retirement obligations 16 13 Non-controlling interests 8 8 Other postretirement benefit obligation 30 5 Deferred income taxes 8 — Other 15 3 Other liabilities $ 106 $ 48

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Reconciliation of Basic and Diluted Earnings (Loss) per Common Share	The following table provides a reconciliation of our basic and diluted loss or income per common share: Predecessor Successor Year Ended January 1, 2016 July 15, 2016 December 31, Through Through 2014 2015 July 14, 2016 December 31, 2016 Net (loss) income available to common shareholders (in millions) $ (353 ) $ (422 ) $ 1,178 $ (32 ) Weighted average common shares outstanding (in thousands) 52,835 80,838 81,450 34,391 Weighted average restricted shares (in thousands) 458 457 397 — Weighted average common shares outstanding - basic 53,293 81,295 81,847 34,391 Dilutive shares from stock options — — — — Weighted average common shares outstanding - diluted 53,293 81,295 81,847 34,391 Basic (loss) income per share $ (6.62 ) $ (5.19 ) $ 14.39 $ (0.93 ) Diluted (loss) income per share $ (6.62 ) $ (5.19 ) $ 14.39 $ (0.93 )

RETIREMENT AND OTHER POSTRETI39

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Tables)	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Components of Net Periodic Benefit Cost	The following table summarizes the components of net periodic postretirement (income) cost for the periods presented: Predecessor Successor Year Ended January 1, 2016 July 15, 2016 December 31, Through Through (Dollars in millions) 2015 July 14, 2016 December 31, 2016 Components of net periodic postretirement benefit (income) cost: Service cost $ — $ — $ — Interest cost 1 1 1 Amortization of prior service cost (3 ) — — Settlement — — (25 ) Net periodic postretirement benefit (income) cost $ (2 ) $ 1 $ (24 ) The following table summarizes the components of net periodic pension cost for the periods presented: Predecessor Successor Year Ended Year Ended January 1, 2016 July 15, 2016 December 31, December 31, Through Through (Dollars in millions) 2014 2015 July 14, 2016 December 31, 2016 Components of net periodic pension cost (income): Service cost $ 6 $ 11 $ 9 $ 8 Interest cost 4 65 36 31 Expected return on plan assets (4 ) (83 ) (40 ) (39 ) Amortization of prior service cost 1 — — — Amortization of actuarial loss — 2 1 — Curtailment 1 1 — — Special termination benefits — 3 — — Net periodic pension cost (income) $ 8 $ (1 ) $ 6 $ —
Detail of Prior Service Cost and Net Actuarial Loss Recognized In Accumulated Other Comprehensive Income	The following table provides detail on prior service cost and net actuarial loss recognized in Accumulated other comprehensive loss: Predecessor Successor (Dollars in millions) December 31, 2015 December 31, 2016 Amounts recognized in Accumulated other comprehensive loss (income): Prior service cost, net of tax $ — $ — Net actuarial loss (income), net of tax 103 (126 ) The following table provides detail on prior service cost and net actuarial loss (income) recognized in Accumulated other comprehensive loss (income) for the periods presented: Predecessor Successor (Dollars in millions) 2015 2016 Amounts recognized in Accumulated other comprehensive loss (income): Prior service cost, net of tax $ — $ — Net actuarial income, net of tax (1 ) (1 )
Reconciliation of Plans' Benefit Obligation, Plan Assets and Funded Status	The following table sets forth a reconciliation of the other postretirement benefits and plan assets and also the funded status as of the periods presented: Predecessor Successor Year Ended January 1, 2016 July 15, 2016 December 31, Through Through (Dollars in millions) 2015 July 14, 2016 December 31, 2016 Change in Projected Benefit Obligation: Benefit obligation at beginning of period $ — $ 37 $ 35 Acquisition of NewPage plans 47 — — Service cost — — — Interest cost 1 1 1 Plan amendments and settlements (3 ) — (25 ) Benefits paid (7 ) (4 ) (3 ) Actuarial (gain) loss (1 ) 1 (1 ) Benefit obligation at end of period $ 37 $ 35 $ 7 Change in Plan Assets: Plan assets at fair value at beginning of period $ — $ — $ — Employer contributions 7 4 3 Benefits paid (7 ) (4 ) (3 ) Plan assets at fair value at end of period $ — $ — $ — Funded status at end of period $ (37 ) $ (35 ) $ (7 ) The following table sets forth a reconciliation of the pension plans’ benefit obligations, plan assets and funded status for the periods presented: Predecessor Successor Year Ended January 1, 2016 July 15, 2016 December 31, Through Through (Dollars in millions) 2015 July 14, 2016 December 31, 2016 Change in Projected Benefit Obligation: Benefit obligation at beginning of period $ 103 $ 1,672 $ 1,839 Acquisition of NewPage plans 1,603 — — Service cost 11 9 8 Interest cost 65 36 31 Actuarial (gain) loss (33 ) 162 (152 ) Benefits paid (81 ) (40 ) (54 ) Curtailment 1 — — Special termination benefits 3 — — Benefit obligation at end of period $ 1,672 $ 1,839 $ 1,672 Change in Plan Assets: Plan assets at fair value at beginning of period $ 62 $ 1,144 $ 1,192 Acquisition of NewPage plans 1,164 — — Actual net return on plan assets (29 ) 72 33 Employer contributions 28 16 10 Benefits paid (81 ) (40 ) (54 ) Plan assets at fair value at end of period $ 1,144 $ 1,192 $ 1,181 Underfunded projected benefit obligation recognized in Pension benefit obligation on the consolidated balance sheets $ (528 ) $ (647 ) $ (491 )
Summary of Expected Future Pension Benefit Payments	The following table summarizes expected future pension benefit payments: (Dollars in millions) 2017 $ 83 2018 86 2019 89 2020 91 2021 95 2022-2026 502 The following table summarizes expected future postretirement benefit payments: (Dollars in millions) 2017 $ 2 2018 2 2019 1 2020 1 2021 1 2022-2026 1
Actuarial Assumptions Used In Defined Benefit Pension Plans	The actuarial assumptions used in the defined benefit pension plans were as follows: Predecessor Successor Year Ended Year Ended January 1, 2016 July 15, 2016 December 31, December 31, Through Through 2014 2015 July 14, 2016 December 31, 2016 Weighted average assumptions used to determine benefit obligations as of end of period: Discount rate 3.83 % 4.17 % 3.43 % 3.99 % Rate of compensation increase N/A N/A N/A N/A Weighted average assumptions used to determine net periodic pension cost for the period: Discount rate 4.75 % 3.98 % 4.17 % 3.43 % Rate of compensation increase N/A N/A N/A N/A Expected long-term return on plan assets 6.50 % 7.05 % 6.75 % 6.75 % Predecessor Successor Year Ended January 1, 2016 July 15, 2016 December 31, Through Through (Dollars in millions) 2015 July 14, 2016 December 31, 2016 Included in the balance sheet: Other current liabilities $ (7 ) $ (3 ) $ (2 ) Other long-term obligations (30 ) (32 ) (5 ) Total net liability (37 ) (35 ) (7 ) Weighted average assumptions used to determine benefit obligations as of end of period: Discount rate 3.73 % 3.09 % 3.32 % Weighted average assumptions used to determine net periodic pension cost for the period: Discount rate 3.43 % 3.73 % 3.09 %
Schedule of Pension Plan's Asset Allocation	The following table provides the pension plans’ asset allocation for the periods presented: Allocation of Plan Assets Predecessor Successor 2015 Allocation on 2016 Allocation on Targeted December 31, Targeted December 31, Allocation 2015 Allocation 2016 Fixed income: 50-70% 35-55% Money market funds 2 % — % Fixed income funds 40 % 36 % Equity securities: 25-50% 35-60% Domestic equity funds - large cap 28 % 31 % Domestic equity funds - small cap 4 % 5 % International equity funds 17 % 17 % Other: 4-15% 4-15% Hedge funds, private equity, real estate, commodities 9 % 11 %
Schedule of Pension Plans Assets at Fair Value	The following table sets forth by level, within the fair value hierarchy, the pension plans’ assets at fair value as of the periods presented: (Dollars in millions) Total Level 1 Level 2 Level 3 Assets Valued at NAV Practical Expedient December 31, 2016 (Successor) Fixed income funds $ 421 $ 58 $ — $ — $ 363 Domestic equity funds - large cap 365 22 — — 343 International equity funds 204 94 — — 110 Domestic equity funds - small cap 64 10 — — 54 Money market — — — — — Other (hedge funds, private equity, real estate, commodities) 127 7 — — 120 Total assets at fair value $ 1,181 $ 191 $ — $ — $ 990 December 31, 2015 (Predecessor) Fixed income funds $ 461 $ 87 $ — $ — $ 374 Domestic equity funds - large cap 325 19 — — 306 International equity funds 189 85 — — 104 Domestic equity funds - small cap 51 7 — — 44 Money market 19 19 — — — Other (hedge funds, private equity, real estate, commodities) 99 6 — — 93 Total assets at fair value $ 1,144 $ 223 $ — $ — $ 921

EQUITY AWARDS (Tables)

EQUITY AWARDS (Tables)	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Stock Option Plan Activity	Further information relating to stock options is as follows: (in millions) Options Outstanding Outstanding on 12/31/2013 (Predecessor) 4 Options granted 2 Exercised — Outstanding on 12/31/2014 (Predecessor) 6 Options granted 3 Forfeited (1 ) Outstanding on 12/31/2015 (Predecessor) 8 Cancellation of Predecessor stock awards (8 ) Outstanding on 7/15/2016 (Successor) —

RESTRUCTURING CHARGES (Tables)

RESTRUCTURING CHARGES (Tables)	12 Months Ended
	Dec. 31, 2016
Restructuring and Related Activities [Abstract]
Schedule of Cumulative Charges Incurred Related to Shutdown	The following table details the charges incurred related primarily to the Androscoggin/Wickliffe capacity reductions as included in Restructuring charges on our accompanying Consolidated Statements of Operations for the Successor: Successor July 14, 2016 Through Cumulative (Dollars in millions) December 31, 2016 Incurred Severance and benefit costs 5 5 Write-off of purchase obligations and commitments 1 1 Other miscellaneous costs 3 3 Total restructuring costs $ 9 $ 9 Restructuring costs of the Predecessor were primarily attributable to the paper segment as included in Restructuring charges on our accompanying Consolidated Statements of Operations: Predecessor Year Ended Cumulative (Dollars in millions) December 31, 2015 Incurred Property and equipment - disposal $ 4 $ 4 Severance and benefit costs 16 16 Total restructuring costs $ 20 $ 20 The following table details the charges incurred related primarily to the Androscoggin/Wickliffe capacity reductions and primarily attributable to the paper segment as included in Restructuring charges on our accompanying Consolidated Statements of Operations for the Predecessor: Predecessor Year January 1, 2016 Ended Through Cumulative (Dollars in millions) December 31, 2015 July 14, 2016 Incurred Property and equipment $ — $ 127 $ 127 Severance and benefit costs 16 10 26 Write-off of spare parts, inventory and other assets 3 9 12 Write-off of purchase obligations and commitments 1 2 3 Other miscellaneous costs 1 3 4 Total restructuring costs $ 21 $ 151 $ 172 The following table details the charges incurred related primarily to the Bucksport mill closure in 2014 as included in Restructuring charges on our accompanying Consolidated Statements of Operations: Predecessor Year Year Ended Ended Cumulative (Dollars in millions) December 31, 2014 December 31, 2015 Incurred Property and equipment $ 89 $ — $ 89 Severance and benefit costs 27 2 29 Write-off of spare parts, inventory and other assets 14 — 14 Write-off of purchase obligations and commitments 2 6 8 Other miscellaneous costs 3 4 7 Total restructuring costs $ 135 $ 12 $ 147
Schedule of Changes in Shutdown Liability	The following details the changes in our restructuring reserve liabilities related to the Corporate restructuring including restructuring activities related to the Memphis corporate headquarters closure (Successor) and NewPage acquisition (Predecessor) which are included in Accrued liabilities on our Consolidated Balance Sheets: Predecessor Successor Year January 1, 2016 July 15, 2016 Ended Through Through (Dollars in millions) December 31, 2015 July 14, 2016 December 31, 2016 Beginning balance of reserve $ — $ 5 $ 2 Severance and benefit costs 16 — 2 Severance and benefit payments (11 ) (3 ) (1 ) Ending balance of reserve $ 5 $ 2 $ 3 The following details the changes in our restructuring reserve liabilities related to the Androscoggin/Wickliffe Capacity Reduction during the year ended December 31, 2015 and the period January 1, 2016 to July 14, 2016 (Predecessor), and the period July 15, 2016 to December 31, 2016 (Successor), which are included in Accrued liabilities on our Consolidated Balance Sheets: Predecessor Successor Year January 1, 2016 July 15, 2016 Ended Through Through (Dollars in millions) December 31, 2015 July 14, 2016 December 31, 2016 Beginning balance of reserve $ — $ 7 $ 5 Severance and benefit costs 11 7 4 Severance and benefit payments (4 ) (10 ) (3 ) Purchase obligations 1 2 1 Payments on purchase obligations (1 ) — (1 ) Purchase obligations reserve adjustments — (1 ) — Ending balance of reserve $ 7 $ 5 $ 6

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Summary of the Components of the (Benefit) Provision for Income Taxes	The following is a summary of the components of the (benefit) provision for income taxes for Verso: Predecessor Successor Year Ended Year Ended January 1, 2016 July 15, 2016 December 31, December 31, Through Through (Dollars in millions) 2014 2015 July 14, 2016 December 31, 2016 Current tax (benefit) provision: U.S. federal $ — $ — $ — $ — U.S. state and local (1 ) — — — Total current tax provision (benefit) (1 ) — — — Deferred tax (benefit) provision: U.S. federal (112 ) (136 ) 549 (19 ) U.S. state and local (14 ) (37 ) 78 2 Changes to reorganization — — 8 — Total deferred tax (benefit) provision (126 ) (173 ) 635 (17 ) Less: valuation allowance 124 170 (635 ) 17 Allocation of tax to Other Comprehensive Income — — — (20 ) Total income tax (benefit) provision $ (3 ) $ (3 ) $ — $ (20 )
Reconciliation of Income Tax Expense using the Statutory Federal Income Tax Rate Compared with Actual Income Tax Expense	A reconciliation of income tax expense using the statutory federal income tax rate compared with actual income tax expense follows: Predecessor Successor Year Ended Year Ended January 1, 2016 July 15, 2016 December 31, December 31, Through Through (Dollars in millions) 2014 2015 July 14, 2016 December 31, 2016 Tax at Statutory U.S. Rate of 35% in 2016 and 2015, and 34% in 2014 $ (121 ) $ (149 ) $ 412 $ (18 ) Increase resulting from: Reorganization costs and fresh-start accounting — — (680 ) — Allocation of tax to Other Comprehensive Income related to pension and other postretirement benefits. — — — (20 ) Federal net operating losses — — 818 Cancellation of debt income — 11 — — Disallowed interest expense — 5 — — Nondeductible transaction costs 9 (4 ) — — Other expenses — 1 — — Net permanent differences 9 13 138 (20 ) Valuation allowance 124 170 (635 ) 17 Changed to reorganization — — 8 — State income taxes (benefit) (15 ) (37 ) 78 2 Other — — (1 ) (1 ) Total income tax (benefit) provision $ (3 ) $ (3 ) $ — $ (20 )
Summary of the Significant Components of Deferred Tax Position	The following is a summary of the significant components of our net deferred tax liability: Predecessor Successor (Dollars in millions) December 31, 2015 December 31, 2016 Deferred tax assets: Net operating loss and credit carryforwards $ 991 $ 76 Pension 181 251 Cancellation of debt income 30 — Compensation obligations 24 25 Inventory reserves/capitalization 18 43 Capitalized expenses 10 4 Payment-in-kind interest 10 — Intangible assets 5 — Other 17 21 Gross deferred tax assets 1,286 420 Less: valuation allowance (811 ) (193 ) Deferred tax assets, net of allowance $ 475 $ 227 Deferred tax liabilities: Property, plant, and equipment $ (475 ) $ (207 ) Planned major maintenance (5 ) — Cancellation of debt income deferral — (13 ) Intangible assets — (4 ) Other (3 ) (3 ) Total deferred tax liabilities (483 ) (227 ) Net deferred tax liabilities $ (8 ) $ —
Schedule of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: (Dollars in millions) Balance at December 31, 2014 - Predecessor $ — Acquired in NewPage Transaction 5 Derecognition of Credits limited by Section 383 (2 ) Balance at December 31, 2015 - Predecessor 3 Additions — Reductions — Balance at July 14, 2016 - Predecessor $ 3 Balance at July 14, 2016 - Successor $ 3 Additions — Reductions — Balance at December 31, 2016 - Successor $ 3

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments Due Under Non-Cancelable Operating Leases	The following table, as of December 31, 2016 , represents the future minimum rental payments due under non-cancelable operating leases that have initial or remaining lease terms in excess of one year: (Dollars in millions) 2017 $ 8 2018 6 2019 2 2020 1 2021 1 Thereafter 1 Total $ 19
Schedule of Unconditional Purchase Obligations	The following table, as of December 31, 2016 , summarizes our unconditional purchase obligations. (Dollars in millions) 2017 $ 47 2018 42 2019 38 2020 34 2021 5 Thereafter 16 Total $ 182

INFORMATION BY INDUSTRY SEGME44

INFORMATION BY INDUSTRY SEGMENT (Tables)	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Schedule of Industry Segment Data	The following table summarizes the reportable segments for the periods presented: Predecessor Year Ended January 1, 2016 December 31, Through (Dollars in millions) 2014 2015 July 14, 2016 Net Sales: Paper $ 1,136 $ 2,914 $ 1,349 Pulp 161 252 91 Intercompany eliminations — (44 ) (23 ) Total $ 1,297 $ 3,122 $ 1,417 Operating (Loss) Income: Paper (1) $ (194 ) $ (129 ) $ (104 ) Pulp 19 (26 ) (17 ) Total $ (175 ) $ (155 ) $ (121 ) Depreciation, Amortization, and Depletion: Paper $ 76 $ 278 $ 92 Pulp 15 30 8 Total $ 91 $ 308 $ 100 Capital Spending: Paper $ 32 $ 51 $ 26 Pulp 10 13 5 Total $ 42 $ 64 $ 31 (1) In 2014 and 2015, Restructuring charges attributable to the paper segment were $135 million and $49 million , respectively. Operating losses in the period from January 1, 2016 to July 14, 2016 (Predecessor), include $135 million of Restructuring charges attributable to the paper segment and $16 million of Restructuring charges related to the pulp segment.

QUARTERLY DATA (Tables)

QUARTERLY DATA (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data (Unaudited)	Our quarterly financial data is as follows: Predecessor Successor July 1, July 15, 2016 2016 (Dollars in millions, except per share amounts) First Second Third Fourth First Second Through Through Fourth Quarter Quarter Quarter Quarter Quarter Quarter July 14, September 30, Quarter 2015 2015 2015 2015 2016 2016 2016 2016 2016 Summary Statement of Operations Data: Net sales $ 806 $ 778 $ 782 $ 756 $ 690 $ 630 $ 97 $ 578 $ 646 Gross margin (1) 78 121 105 91 72 82 14 19 107 Cost of products sold (exclusive of depreciation, amortization and depletion) 728 657 677 665 618 548 83 559 539 Depreciation, amortization and depletion 57 64 60 127 48 45 7 24 69 Selling, general, and administrative expenses 55 46 33 53 47 40 8 23 26 Restructuring charges (2) 22 6 55 (29 ) 144 7 — 2 9 Other operating expense (income) — — — 1 (57 ) — — 2 6 Interest income — — — — — — — — — Interest expense 66 67 68 69 26 11 2 8 9 Reorganization items, net — — — — (48 ) 12 (1,302 ) — — Other loss, net — — — — — — — — — Income tax benefit — (2 ) — (1 ) — — — — (20 ) Net income (loss) (122 ) (60 ) (111 ) (129 ) (88 ) (33 ) 1,299 (40 ) 8 Share Data: Earnings (loss) per share: Basic $ (1.53 ) $ (0.73 ) $ (1.36 ) $ (1.58 ) $ (1.07 ) $ (0.40 ) $ 15.88 $ (1.16 ) $ 0.23 Diluted (1.53 ) (0.73 ) (1.36 ) (1.58 ) (1.07 ) (0.40 ) 15.88 (1.16 ) 0.23 Weighted average shares of common stock outstanding (thousands): Basic 79,670 81,763 81,842 81,876 81,869 81,828 81,823 34,391 34,391 Diluted 79,670 81,763 81,842 81,876 81,869 81,828 81,823 34,391 34,391 Closing price per share: High $ 12.00 $ 7.16 Low 5.66 4.82 Period-end 6.45 7.10 (1) Gross margin represents net sales less cost of products sold, excluding depreciation, amortization, and depletion. (2) Costs primarily associated with severance and employee related costs and other restructuring charges associated with the NewPage acquisition, the shutdown of a pulp dryer and paper machine at the Androscoggin mill, the indefinite idling of the Wickliffe mill, and the closure of the Bucksport mill. In the fourth quarter of 2015, we reclassified previously recognized accelerated depreciation related to these production capacity reductions out of Restructuring charges and into Depreciation, amortization, and depletion.

Summary of Business and Signi46

Summary of Business and Significant Accounting Policies - Additional Information (Detail) $ in Millions	Jul. 14, 2016USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)	Jul. 14, 2016USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2016USD ($)Segment	Dec. 31, 2016USD ($)	Dec. 31, 2016USD ($)segment	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Jul. 15, 2016
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Market segments													2		2
Allowance for doubtful accounts		$ 1								$ 1		$ 1	$ 1	$ 1	$ 1
Selling, general and administrative expenses										$ 11
Customer Related Intangibles | Minimum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Finite-lived intangible assets, estimated useful lives (in years)												20 years
Customer Related Intangibles | Maximum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Finite-lived intangible assets, estimated useful lives (in years)												25 years
Patents
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Finite-lived intangible assets, estimated useful lives (in years)												10 years
Intangibles and other assets
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Restricted cash						$ 1										$ 1
11.75% Senior Secured Notes - 2012 | Verso Paper Holdings LLC | 11.75% Senior Secured Notes
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Interest rate (percentage)		11.75%								11.75%		11.75%	11.75%	11.75%	11.75%
13% Second Priority Senior Secured Notes | Verso Paper Holdings LLC | 11.75% Senior Secured Notes
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Interest rate (percentage)		13.00%								13.00%		13.00%	13.00%	13.00%	13.00%
16% Senior Subordinated Notes | Verso Paper Holdings LLC | 11.38% Senior Subordinated Notes
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Interest rate (percentage)		16.00%								16.00%		16.00%	16.00%	16.00%	16.00%
Successor
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Accounts receivable		$ 191								$ 191		$ 191	$ 191	$ 191	$ 191
Concentration risk, Percentage														23.00%
Selling, general and administrative expenses		26	$ 23							$ 49
Successor | Customer Relationships
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Finite-lived intangible assets, estimated useful lives (in years)										10 years
Successor | Trademarks
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Finite-lived intangible assets, estimated useful lives (in years)										5 years
Successor | Intangibles and other assets
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Restricted cash		$ 2								$ 2		$ 2	$ 2	$ 2	$ 2
Predecessor
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Accounts receivable						215										$ 215
Concentration risk, Percentage																19.00%
Selling, general and administrative expenses	$ 8			$ 40	$ 47	53	$ 33	$ 46	$ 55		$ 95					$ 187	$ 70
Predecessor | Intangibles and other assets
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Restricted cash						$ 1										$ 1
Predecessor | 11.75% Senior Secured Notes - 2012 | Verso Paper Holdings LLC | 11.75% Senior Secured Notes
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Interest rate (percentage)																		11.75%
Predecessor | 13% Second Priority Senior Secured Notes | Verso Paper Holdings LLC | 11.75% Senior Secured Notes
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Interest rate (percentage)		13.00%								13.00%		13.00%	13.00%	13.00%	13.00%
Predecessor | 16% Senior Subordinated Notes | Verso Paper Holdings LLC | 11.38% Senior Subordinated Notes
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Interest rate (percentage)		16.00%								16.00%		16.00%	16.00%	16.00%	16.00%
Fresh-Start Adjustments
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Intangibles and other assets, net	(30)										(30)
Fresh-Start Adjustments | Predecessor
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Intangibles and other assets, net	$ 30										$ 30
Market Approach Valuation Technique | Intangibles And Other Assets Net
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Fair Value Input, royalty rate																		0.25%

Summary of Business and Signi47

Summary of Business and Significant Accounting Policies - Schedule of Estimated Useful Lives of Property, Plant, and Equipment (Detail)	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2016
Leasehold Improvements
Significant Accounting Policies [Line Items]
Estimated useful life			Over the shorter of the term of the lease or the useful life of the improvements
Minimum | Computer Equipment
Significant Accounting Policies [Line Items]
Estimated useful life			3 years
Maximum | Computer Equipment
Significant Accounting Policies [Line Items]
Estimated useful life			6 years
Predecessor | Minimum | Building
Significant Accounting Policies [Line Items]
Estimated useful life		20 years
Predecessor | Minimum | Machinery and Equipment
Significant Accounting Policies [Line Items]
Estimated useful life		10 years
Predecessor | Minimum | Furniture and Fixtures
Significant Accounting Policies [Line Items]
Estimated useful life		3 years
Predecessor | Maximum | Building
Significant Accounting Policies [Line Items]
Estimated useful life		40 years
Predecessor | Maximum | Machinery and Equipment
Significant Accounting Policies [Line Items]
Estimated useful life		20 years
Predecessor | Maximum | Furniture and Fixtures
Significant Accounting Policies [Line Items]
Estimated useful life		10 years
Successor | Minimum | Building
Significant Accounting Policies [Line Items]
Estimated useful life	20 years
Successor | Minimum | Machinery and Equipment
Significant Accounting Policies [Line Items]
Estimated useful life	10 years
Successor | Minimum | Furniture and Fixtures
Significant Accounting Policies [Line Items]
Estimated useful life	3 years
Successor | Minimum | Computer Equipment
Significant Accounting Policies [Line Items]
Estimated useful life	3 years
Successor | Maximum | Building
Significant Accounting Policies [Line Items]
Estimated useful life	40 years
Successor | Maximum | Machinery and Equipment
Significant Accounting Policies [Line Items]
Estimated useful life	20 years
Successor | Maximum | Furniture and Fixtures
Significant Accounting Policies [Line Items]
Estimated useful life	10 years
Successor | Maximum | Computer Equipment
Significant Accounting Policies [Line Items]
Estimated useful life	7 years

Summary of Business and Signi48

Summary of Business and Significant Accounting Policies - Asset Retirement Obligations Included in Other Liabilities (Detail) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2015
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Asset retirement obligation - ending balance	$ 14
Non-current portion of asset retirement obligations, ending balance	13
Predecessor
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Asset retirement obligation - beginning balance	13	$ 16	$ 8
Liabilities incurred		0	9
Settlement of existing liabilities		0	(2)
Accretion expense		0	1
Adjustment to existing liabilities		(3)	0
Asset retirement obligation - ending balance		13	16
Less: Current portion		0	0
Non-current portion of asset retirement obligations, ending balance		13	$ 16
Successor
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Asset retirement obligation - beginning balance	13
Liabilities incurred	0
Settlement of existing liabilities	0
Accretion expense	0
Adjustment to existing liabilities	1
Asset retirement obligation - ending balance		$ 13
Less: Current portion	(1)
Non-current portion of asset retirement obligations, ending balance	$ 13

Summary of Business and Signi49

Summary of Business and Significant Accounting Policies - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Begining balance	$ 0
Pension liability adjustment, net	127
Other comprehensive (loss) income	127
Ending balance		$ 0
Predecessor
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Begining balance	0	(102)	$ (27)	$ (11)
Amounts reclassified from Accumulated other comprehensive loss to Cost of products sold		1	3	1
Pension liability adjustment, net			(78)	(17)
Other comprehensive (loss) income		1	(75)	(16)
Elimination of Predecessor accumulated other comprehensive loss		101
Ending balance		$ 0	$ (102)	$ (27)
Successor
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Other comprehensive (loss) income	127
Ending balance	$ 127

RECENT ACCOUNTING DEVELOPMENTS

RECENT ACCOUNTING DEVELOPMENTS (Details) - New Accounting Pronouncement, Early Adoption, Effect $ in Millions	Dec. 31, 2016USD ($)
Debt
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Debt issuance costs, deferred	$ 18
Intangibles And Other Assets Net
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Debt issuance costs, deferred	$ 23

BANKRUPTCY RELATED DISCLOSURE51

BANKRUPTCY RELATED DISCLOSURES - Chapter 11 Filing and Restructuring Support Agreement (Details) - USD ($) $ in Millions	Mar. 26, 2016	Dec. 31, 2016	Jul. 15, 2016	Jan. 28, 2016	Jan. 26, 2016
Debt Instrument [Line Items]
Long-term debt					$ 2,600
Plan of reorganization, conversion of debt to equity	$ 2,400
NewPage DIP Facility | NewPage Corp
Debt Instrument [Line Items]
Secured debt	175		$ 175
11.75% Secured Notes - 1.5 Lien Notes
Debt Instrument [Line Items]
Debtor-in-possession financing, amount arranged				$ 550
11.75% Secured Notes - 1.5 Lien Notes | Verso DIP Facility
Debt Instrument [Line Items]
Debtor-in-possession financing, amount arranged					$ 100
11.75% Secured Notes - 1.5 Lien Notes | NewPage DIP ABL Facility
Debt Instrument [Line Items]
Debtor-in-possession financing, amount arranged	325
11.75% Secured Notes - 1.5 Lien Notes | NewPage DIP Facility
Debt Instrument [Line Items]
Debtor-in-possession financing, amount arranged	350		$ 175
Chase NMTC Verso Investment Fund, LLC | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Long-term debt		$ 23
NewPage DIP Facility | 11.75% Secured Notes - 1.5 Lien Notes
Debt Instrument [Line Items]
Debtor-in-possession financing, amount arranged	$ 175

BANKRUPTCY RELATED DISCLOSURE52

BANKRUPTCY RELATED DISCLOSURES - Plan of Reorganization and Emergence from Chapter 11 (Details) - USD ($) $ / shares in Units, $ in Millions	Jul. 15, 2016	Dec. 31, 2016	Sep. 30, 2016	Mar. 26, 2016	Jan. 28, 2016	Jan. 26, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Issuance of Successor common stock and stock purchase warrants (shares)	34,390,643
Plan of reorganization, equity securities issued or to be issued, percentage	100.00%
Long-term debt						$ 2,600
Common stock, par value (in dollars per share)			$ 0.01
Reorganization plan, exercise price of warrants (usd per share)	$ 27.86
Debtor-in-possession financing, repayment of unsecured debt	$ 3
NewPage Corp
Debt Instrument [Line Items]
Plan of reorganization, equity securities issued or to be issued, percentage	0.15%
NewPage Corp | NewPage DIP Facility
Debt Instrument [Line Items]
Plan of reorganization, equity securities issued or to be issued, percentage	47.00%
Secured debt	$ 175			$ 175
Senior Notes | Verso Paper Holdings LLC | 11.75% Senior Secured Notes - 2012
Debt Instrument [Line Items]
Plan of reorganization, equity securities issued or to be issued, percentage	50.00%
Interest rate (percentage)		11.75%
Other Debt Obligations
Debt Instrument [Line Items]
Plan of reorganization, equity securities issued or to be issued, percentage	2.85%
11.75% Secured Notes - 1.5 Lien Notes
Debt Instrument [Line Items]
Debtor-in-possession financing, amount arranged					$ 550
11.75% Secured Notes - 1.5 Lien Notes | NewPage DIP Facility
Debt Instrument [Line Items]
Debtor-in-possession financing, amount arranged	$ 175			$ 350
Common Class A
Debt Instrument [Line Items]
Issuance of Successor common stock and stock purchase warrants (shares)	1,810,035	33,366,784
Common Class A | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Issuance of Successor common stock and stock purchase warrants (shares)	51,587
Common Class A | NewPage Corp | NewPage DIP Facility
Debt Instrument [Line Items]
Issuance of Successor common stock and stock purchase warrants (shares)	15,139,745
Common Class A | Senior Notes | Verso Paper Holdings LLC | 11.75% Senior Secured Notes - 2012
Debt Instrument [Line Items]
Issuance of Successor common stock and stock purchase warrants (shares)	17,195,319
Reorganization plan, number of shares called by warrants (shares)	1,810,035
Reorganization plan, exercise price of warrants (usd per share)	$ 27.86
Common Class A | Other Debt Obligations
Debt Instrument [Line Items]
Issuance of Successor common stock and stock purchase warrants (shares)	980,133
Common Class B
Debt Instrument [Line Items]
Issuance of Successor common stock and stock purchase warrants (shares)		1,023,859
Common Class B | NewPage Corp | NewPage DIP Facility
Debt Instrument [Line Items]
Issuance of Successor common stock and stock purchase warrants (shares)	1,023,859
Predecessor
Debt Instrument [Line Items]
Long-term debt		$ 2,879
Common stock, par value (in dollars per share)							$ 0.01
Predecessor | Senior Notes | Verso Paper Holdings LLC | 11.75% Senior Secured Notes - 2012
Debt Instrument [Line Items]
Long-term debt		423
Interest rate (percentage)	11.75%
Predecessor | 11.75% Secured Notes - 1.5 Lien Notes | NewPage Corp
Debt Instrument [Line Items]
Long-term debt		$ 705
Successor | Common Class A
Debt Instrument [Line Items]
Common stock, par value (in dollars per share)		$ 0.01
Successor | Common Class B
Debt Instrument [Line Items]
Common stock, par value (in dollars per share)		$ 0.01

BANKRUPTCY RELATED DISCLOSURE53

BANKRUPTCY RELATED DISCLOSURES - Exit Financing Facilities (Details)	Jul. 15, 2016USD ($)
Exit Term Loan Facility | 11.75% Secured Notes - 1.5 Lien Notes
Line of Credit Facility [Line Items]
Debt instrument, face amount	$ 220,000,000
Current borrowing capacity	198,000,000
Exit ABL Facility | Revolving Credit Facilities | Line of Credit
Line of Credit Facility [Line Items]
Credit facility, borrowing capacity	$ 375,000,000

BANKRUPTCY RELATED DISCLOSURE54

BANKRUPTCY RELATED DISCLOSURES - Registration Rights Agreement, Plan Warrants and Performance Incentive Plan (Details) $ / shares in Units, $ in Millions	Jul. 15, 2016USD ($)shareholder$ / sharesshares	Oct. 13, 2016	Jul. 14, 2016shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reorganization, number of shareholders | shareholder	2
Reorganization plan, exercise price of warrants (usd per share) | $ / shares	$ 27.86
Class of warrants and rights, anti-dilution adjustment, if stock issued below market price (percentage)	95.00%
Class of warrants and rights, anti-dilution adjustment, if stock issued below market price, consecutive trading days (days)	10 days
Class of warrants,fair value assumption, Risk free interest rate (percentage)	1.00%
Class of warrants, fair value assumption, expected volatility rate	37.00%
Class of warrants,fair value assumption, expected dividend rate	0.00%
Add: Fair value of Plan Warrants | $	$ 10
Performance shares authorized (shares)			11,000,000
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance shares authorized (shares)	3,620,067
Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares owned (percentage)	7.00%	10.00%
Verso Paper Holdings LLC | Senior Notes | 11.75% Senior Secured Notes - 2012 | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reorganization plan, number of shares called by warrants (shares)	1,810,035
Reorganization plan, exercise price of warrants (usd per share) | $ / shares	$ 27.86

BANKRUPTCY RELATED DISCLOSURE55

BANKRUPTCY RELATED DISCLOSURES - Reorganization Value (Details) - USD ($) $ in Millions	Jul. 15, 2016	Dec. 31, 2016	Jul. 14, 2016	Apr. 27, 2016	Jan. 26, 2016
Fresh-Start Adjustment [Line Items]
Reorganization Value	$ 2,000
Plan of reorganization, equity securities issued or to be issued, percentage	100.00%
Class of warrants,fair value assumption, Risk free interest rate (percentage)	1.00%
Class of warrants, fair value assumption, expected volatility rate	37.00%
Class of warrants,fair value assumption, expected dividend rate	0.00%
Value of Successor Stock	$ 665
Add: Fair value of Plan Warrants	10
Total (deficit) equity	675
Add: Fair value of long-term debt	318
Add: Other non-interest bearing liabilities	1,021
Less: Debt issuance costs	(8)
Total assets	2,006
Fair value of debt	318
Proceeds from issuance of debt	$ 318
Issuance of Successor common stock and stock purchase warrants (shares)	34,390,643
Long-term debt					$ 2,600
Debtor-in-possession financing, repayment of unsecured debt	$ 3
DIP, repayment of liability	279
Add: Fair value of Plan Warrants	10
Reorganization Adjustments
Fresh-Start Adjustment [Line Items]
Add: Fair value of Plan Warrants			$ 10
Add: Fair value of long-term debt			$ 292
Minimum
Fresh-Start Adjustment [Line Items]
Estimated enterprise value				$ 1,050
Stockholder's equity, estimate	675
Maximum
Fresh-Start Adjustment [Line Items]
Estimated enterprise value				1,100
Stockholder's equity, estimate				$ 725
Exit Financing Facility | Line of Credit
Fresh-Start Adjustment [Line Items]
Debt issuance costs	$ 22
Discounted Cash Flow Analysis
Fresh-Start Adjustment [Line Items]
Discount rate	9.50%
Verso Paper Holdings LLC | 11.75% Senior Secured Notes - 2012 | Senior Notes
Fresh-Start Adjustment [Line Items]
Plan of reorganization, equity securities issued or to be issued, percentage	50.00%
Common Class A
Fresh-Start Adjustment [Line Items]
Issuance of Successor common stock and stock purchase warrants (shares)	1,810,035	33,366,784
Common Class A | Verso Paper Holdings LLC
Fresh-Start Adjustment [Line Items]
Issuance of Successor common stock and stock purchase warrants (shares)	51,587
Common Class A | Verso Paper Holdings LLC | 11.75% Senior Secured Notes - 2012 | Senior Notes
Fresh-Start Adjustment [Line Items]
Issuance of Successor common stock and stock purchase warrants (shares)	17,195,319
Reorganization plan, number of shares called by warrants (shares)	1,810,035
Level 3 | Long-term debt | Market Approach Valuation Technique
Fresh-Start Adjustment [Line Items]
Market yield (in percentage)	94.00%

BANKRUPTCY RELATED DISCLOSURE56

BANKRUPTCY RELATED DISCLOSURES - Fresh Start (Details) - USD ($) $ in Millions	Jul. 15, 2016	Jul. 14, 2016
Current assets:
Total assets	$ (2,006)
Postconfirmation, Stockholders' Equity [Abstract]
Total (deficit) equity	675
Current liabilities:
Long-term debt	318
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]
Value of Successor Stock	665
Warrants	10
Reorganization Adjustments
Current assets:
Cash and cash equivalents		$ 20
Prepaid expenses and other assets		(3)
Total current assets		17
Total assets		17
Current liabilities:
Accounts payable		41
Accrued liabilities		10
Current maturities of long-term debt		(443)
Total current liabilities		(392)
Long-term debt		292
Other liabilities		5
Liabilities subject to compromise		(2,535)
Total liabilities		(2,630)
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]
Predecessor common stock		(1)
Treasury stock		1
Warrants		10
Retained (deficit) earnings		2,294
Total (deficit) equity		2,647
Total liabilities and equity		17
Fresh-Start Adjustments
Current assets:
Accounts receivable, net		(2)
Inventories		(14)
Prepaid expenses and other assets		0
Total current assets		(16)
Property, plant, and equipment, net		(480)
Intangibles and other assets, net		(30)
Total assets		(526)
Current liabilities:
Accrued liabilities		2
Total current liabilities		2
Long-term debt		0
Other liabilities		123
Total liabilities		125
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]
Value of Successor Stock		0
Retained (deficit) earnings		(753)
Accumulated other comprehensive loss		102
Total (deficit) equity		(651)
Total liabilities and equity		(526)
Predecessor
Current assets:
Cash and cash equivalents		27
Accounts receivable, net		201
Inventories		503
Prepaid expenses and other assets		27
Total current assets		758
Property, plant, and equipment, net		1,660
Intangibles and other assets, net		97
Total assets		2,515
Current liabilities:
Accounts payable		103
Accrued liabilities		140
Current maturities of long-term debt		461
Total current liabilities		704
Long-term debt		0
Other liabilities		597
Liabilities subject to compromise		2,535
Total liabilities		3,836
Preconfirmation, Stockholders' Equity [Abstract]
Predecessor common stock		1
Treasury stock		(1)
Predecessor Additional paid-in capital		322
Retained (deficit) earnings		(1,541)
Accumulated other comprehensive loss		(102)
Total (deficit) equity		(1,321)
Total liabilities and equity		2,515
Predecessor | Reorganization Adjustments
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]
Value of Successor Stock		(322)
Predecessor | Fresh-Start Adjustments
Current assets:
Intangibles and other assets, net		30
Successor
Current assets:
Cash and cash equivalents	47
Accounts receivable, net	199
Inventories	489
Prepaid expenses and other assets	24
Total current assets	759
Intangibles and other assets, net	67
Property, plant, and equipment, net	1,180
Total assets	2,006
Postconfirmation, Current Liabilities [Abstract]
Accounts payable	144
Accrued liabilities	152
Current maturities of long-term debt	18
Total current liabilities	314
Other liabilities	725
Liabilities subject to compromise	0
Long-term debt	292
Total liabilities	1,331
Postconfirmation, Stockholders' Equity [Abstract]
Successor preferred stock	0
Successor common stock	0
Treasury stock	0
Additional paid-in capital	665
Warrants	10
Retained (deficit) earnings	0
Accumulated other comprehensive loss	0
Total (deficit) equity	675
Total liabilities and equity	$ 2,006
Successor | Reorganization Adjustments
Fresh-Start Adjustment, Increase (Decrease), Stockholders' Equity [Abstract]
Value of Successor Stock		$ 665

BANKRUPTCY RELATED DISCLOSURE57

BANKRUPTCY RELATED DISCLOSURES - Reorganization Adjustment and Fresh-start Adjustment (Details) - USD ($) $ / shares in Units, $ in Millions	Jul. 15, 2016	Dec. 31, 2016	Jul. 14, 2016	Jan. 26, 2016
Fresh-Start Adjustment [Line Items]
Long-term Debt	$ 318
Issuance of Successor common stock and stock purchase warrants, shares	34,390,643
Reorganization plan, exercise price of warrants (usd per share)	$ 27.86
Pension and other post retirement obligation			$ 135
Proceeds from issuance of debt	$ 318
Long-term Debt				$ 2,600
Reorganization Adjustments
Fresh-Start Adjustment [Line Items]
Cash and cash equivalents			20
Current maturities of long-term debt			(443)
Long-term Debt			292
Settlement of LSTC			(2,535)
Retained (deficit) earnings			(2,294)
Amount borrowed under the Exit Credit Facilities
Fresh-Start Adjustment [Line Items]
Cash and cash equivalents			340
Less discount on Exit Term Loan Facility
Fresh-Start Adjustment [Line Items]
Cash and cash equivalents			22
Total Sources
Fresh-Start Adjustment [Line Items]
Cash and cash equivalents			318
Repayment of DIP facility (principal and interest)
Fresh-Start Adjustment [Line Items]
Cash and cash equivalents			279
Payment of deferred financing costs on exit financing
Fresh-Start Adjustment [Line Items]
Cash and cash equivalents			8
Payment of professional fees
Fresh-Start Adjustment [Line Items]
Cash and cash equivalents			8
Aggregate settlement of unsecured claims
Fresh-Start Adjustment [Line Items]
Cash and cash equivalents			(3)
Total uses
Fresh-Start Adjustment [Line Items]
Cash and cash equivalents			(298)
Short-term portion of Exit Term Loan
Fresh-Start Adjustment [Line Items]
Current maturities of long-term debt			18
Payment of the NewPage DIP Facilities
Fresh-Start Adjustment [Line Items]
Current maturities of long-term debt			(278)
Settlement of NewPage DIP Roll Up Loans
Fresh-Start Adjustment [Line Items]
Current maturities of long-term debt			(183)
Retained (deficit) earnings			184
Exit ABL Facility Borrowing
Fresh-Start Adjustment [Line Items]
Long-term Debt			120
Exit Term Loan Facility Borrowing
Fresh-Start Adjustment [Line Items]
Long-term Debt			220
Debt Discount
Fresh-Start Adjustment [Line Items]
Long-term Debt			(22)
Debt issuance costs
Fresh-Start Adjustment [Line Items]
Long-term Debt			(8)
Less: Current Portion
Fresh-Start Adjustment [Line Items]
Long-term Debt			(18)
Settlement of LSTC debt
Fresh-Start Adjustment [Line Items]
Settlement of LSTC			(2,324)
Settlement of LSTC accrued interest
Fresh-Start Adjustment [Line Items]
Settlement of LSTC			(126)
Settlement of LSTC accounts payable and accrued liabilities
Fresh-Start Adjustment [Line Items]
Settlement of LSTC			(85)
Reinstatement of certain liabilities from LSTC
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			(49)
Cash paid for the satisfaction of unsecured claims in aggregate settlement
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			(3)
Issuance of New Common Stock
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			(665)
Issuance of Plan Warrants
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			(10)
Gain on settlement of LSTC
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			(1,992)
Professional fees paid at emergence
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			8
Success fees accrued at emergence
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			12
Net gain on reorganization adjustments
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			(1,972)
Cancellation of Predecessor equity
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			(322)
Fresh-Start Adjustments
Fresh-Start Adjustment [Line Items]
Long-term Debt			0
Retained (deficit) earnings			753
Inventories			(14)
Property, plant, and equipment, net			(480)
Intangibles and other assets, net			(30)
Replacement parts and other supplies
Fresh-Start Adjustment [Line Items]
Inventories			(52)
Work-in-process and finished goods
Fresh-Start Adjustment [Line Items]
Inventories			38
Successor Trade Names
Fresh-Start Adjustment [Line Items]
Intangibles and other assets, net			16
Successor Customer Relationships
Fresh-Start Adjustment [Line Items]
Intangibles and other assets, net			26
Write-off of Predecessor intangible and other assets
Fresh-Start Adjustment [Line Items]
Intangibles and other assets, net			(72)
Accounts Receivable, net
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			2
Inventory
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			14
Write down Property, plant and equipment, net
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			480
Record fair value of Intangibles and Other Assets
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			30
Accrued Liabilities
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			2
Pension
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			135
Change in deferred taxes
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			(8)
Total loss recorded as a result of Fresh-Start Accounting
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			651
Elimination of Predecessor accumulated other comprehensive loss
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			102
Other Long-Term Liabilities
Fresh-Start Adjustment [Line Items]
Retained (deficit) earnings			(4)
Machinery and Equipment | Fresh-Start Adjustments
Fresh-Start Adjustment [Line Items]
Property, plant, and equipment, net			382
Real Estate | Fresh-Start Adjustments
Fresh-Start Adjustment [Line Items]
Property, plant, and equipment, net			98
Common Class A
Fresh-Start Adjustment [Line Items]
Issuance of Successor common stock and stock purchase warrants, shares	1,810,035	33,366,784
Predecessor
Fresh-Start Adjustment [Line Items]
Long-term Debt		$ 2,879
Predecessor | Fresh-Start Adjustments
Fresh-Start Adjustment [Line Items]
Intangibles and other assets, net			$ 30

BANKRUPTCY RELATED DISCLOSURE58

BANKRUPTCY RELATED DISCLOSURES - Contractual Interest (Details) - Predecessor - USD ($) $ in Millions	Jul. 14, 2016	Jul. 14, 2016
Debt Instrument [Line Items]
Total contractual interest	$ 10	$ 123
Verso Paper Holdings LLC
Debt Instrument [Line Items]
Total contractual interest	8	98
NewPage Corp
Debt Instrument [Line Items]
Total contractual interest	$ 2	$ 25

BANKRUPTCY RELATED DISCLOSURE59

BANKRUPTCY RELATED DISCLOSURES - Reorganization Items (Details) - USD ($) $ in Millions	Jul. 14, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Jul. 14, 2016	Jul. 14, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Professional fees								$ 24
DIP financing cost										$ 22
Reorganization gain											$ 116
Reorganization loss											$ 35
Professional fees paid										$ 28
Predecessor
Debt Instrument [Line Items]
Net gain on settlement of LSTC and DIP Roll-Up Notes									$ (1,992)
Total loss recorded as a result of Fresh-Start Accounting									651
Professional fees									52
DIP financing cost									22
Write-off of unamortized deferred financing costs, discounts/premiums, and deferred gains(1)									(81)
Contract modifications and rejections, net									14
Other									(4)
Total reorganization items, net	$ (1,302)	$ 12	$ (48)	$ 0	$ 0	$ 0	$ 0		$ (1,338)			$ 0	$ 0

BANKRUPTCY RELATED DISCLOSURE60

BANKRUPTCY RELATED DISCLOSURES - Claims (Details) $ in Millions	Oct. 24, 2016USD ($)claim	Jul. 15, 2016USD ($)
Reorganizations [Abstract]
Debtor-in-possession financing, repayment of unsecured debt		$ 3
Number claims filed | claim	3,700
Amount of claims filed	$ 19,000

BANKRUPTCY RELATED DISCLOSURE61

BANKRUPTCY RELATED DISCLOSURES - Common Stock Privileges (Details) - shares	Jul. 15, 2016	Dec. 31, 2016
Fresh-Start Adjustment [Line Items]
Issuance of Successor common stock and stock purchase warrants (shares)	34,390,643
Common Class A
Fresh-Start Adjustment [Line Items]
Issuance of Successor common stock and stock purchase warrants (shares)	1,810,035	33,366,784
Shares converted	1
Common Class B
Fresh-Start Adjustment [Line Items]
Issuance of Successor common stock and stock purchase warrants (shares)		1,023,859
Shares converted	0

BANKRUPTCY RELATED DISCLOSURE62

BANKRUPTCY RELATED DISCLOSURES - Fresh Start Narrative (Details) - Predecessor $ in Millions	Jul. 14, 2016USD ($)
Fresh-Start Adjustment [Line Items]
Preconfirmation, Increase (Decrease) in Current Assets	$ 2
Preconfirmation, Increase (Decrease) in Current Liabilities	8
Increase (Decrease) in Reorganization Value	$ 10

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Predecessor
Inventory [Line Items]
Raw materials		$ 91
Work-in-process		58
Finished goods		256
Replacement parts and other supplies - current portion		79
Inventories		$ 484
Successor
Inventory [Line Items]
Raw materials	$ 95
Work-in-process	62
Finished goods	264
Replacement parts and other supplies - current portion	24
Inventories	$ 445

ACQUISITIONS AND DISPOSITIONS A

ACQUISITIONS AND DISPOSITIONS Acquisition (Details)	Jan. 07, 2015USD ($)shares	Sep. 30, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2016USD ($)	Jul. 15, 2016USD ($)	Jan. 06, 2016USD ($)subsidiaryfacility
Business Acquisition [Line Items]
Asset impairment				$ 103,000,000
$650 million face value New First Lien Notes valued at January 7, 2015 closing price						$ 318,000,000
New Page Holding Inc.
Business Acquisition [Line Items]
Acquisition related costs				$ 39,000,000
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 | New Page Holding Inc.
Business Acquisition [Line Items]
Debt instrument, face amount	750,000,000
Debt assumed	734,000,000
ABL Facility | New Page Holding Inc.
Business Acquisition [Line Items]
Credit facility, borrowing capacity	350,000,000
Debt assumed	$ 100,000,000
Discontinued Operations, Disposed of by Sale | Verso Androscoggin Power LLC
Business Acquisition [Line Items]
Number of subsidiaries entered into an agreement to sell equity interest | subsidiary							2
Consideration for business sold							$ 62,000,000
Number of Facilities | facility							4
Other Operating Income (Expense) | Discontinued Operations, Disposed of by Sale | Verso Androscoggin Power LLC
Business Acquisition [Line Items]
Gain on sale of fixed assets		$ 55,000,000
Predecessor
Business Acquisition [Line Items]
Debt instrument, face amount					$ 2,799,000,000
Predecessor | New Page Holding Inc.
Business Acquisition [Line Items]
Acquisition related costs			$ 25,000,000

ACQUISITIONS AND DISPOSITIONS (

ACQUISITIONS AND DISPOSITIONS ( Purchase Price Allocation) (Details) - New Page Holding Inc. $ in Millions	Jan. 07, 2015USD ($)
Business Acquisition [Line Items]
Cash	$ 128
Current assets, excluding cash	578
Property, plant, and equipment	1,574
Other long-term assets	43
Current liabilities	(277)
Current portion of long-term debt	(3)
Noncurrent pension and other post-retirement benefit obligations	(476)
Other long-term liabilities	(58)
Long-term debt	(800)
Net assets acquired	$ 709

ACQUISITIONS AND DISPOSITIONS66

ACQUISITIONS AND DISPOSITIONS (Proforma) (Details) - New Page Holding Inc. - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Revenues	$ 3,155	$ 3,648
Net loss	$ (391)	$ (564)
(Loss) earnings per share - basic and diluted (usd per share)	$ (4.78)	$ (6.92)
Weighted-average common shares outstanding - basic and diluted (in shares)	81,759	81,509

ACQUISITIONS AND DISPOSITIONS67

ACQUISITIONS AND DISPOSITIONS (Schedule of Assets and Liabilities Held for Sale) (Detail) - Verso Androscoggin Power LLC - Discontinued Operations, Held-for-sale - Predecessor $ in Millions	Dec. 31, 2016USD ($)
Long Lived Assets Held-for-sale [Line Items]
Property, plant, and equipment, net	$ 5
Assets held for sale	$ 5

Property, Plant, and Equipmen68

Property, Plant, and Equipment (Detail) - USD ($) $ in Millions	Jul. 14, 2016	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Interest costs capitalized	$ 9
Predecessor
Property, Plant and Equipment [Line Items]
Land and land improvements				$ 107
Building and leasehold improvements				327
Machinery, equipment, and other				2,267
Construction-in-progress				30
Property, plant, and equipment, gross				2,731
Accumulated depreciation				(874)
Property, plant, and equipment, net				1,857
Interest costs capitalized			$ 1	2	$ 2
Depreciation			97	302	90
Capital expenditures that were unpaid and included in accounts payable and accrued liabilities			$ 8	$ 9	$ 1
Successor
Property, Plant and Equipment [Line Items]
Land and land improvements		$ 52
Building and leasehold improvements		152
Machinery, equipment, and other		995
Construction-in-progress		22
Property, plant, and equipment, gross		1,221
Accumulated depreciation		(89)
Property, plant, and equipment, net		1,132
Interest costs capitalized		1
Depreciation		90
Capital expenditures that were unpaid and included in accounts payable and accrued liabilities		$ 6

Property, Plant and Equipment -

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Millions	Jul. 14, 2016	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Jul. 14, 2016	Jul. 14, 2016	Dec. 31, 2015	Dec. 31, 2014	Mar. 31, 2016
Androscoggin- Wickliffe Capacity Reduction
Restructuring Cost and Reserve [Line Items]
Accelerated depreciation										$ 43			$ 58
Successor
Restructuring Cost and Reserve [Line Items]
Capital expenditures that were unpaid and included in accounts payable and accrued liabilities										6
Restructuring charges		$ 9	$ 2							11
Successor | Androscoggin- Wickliffe Capacity Reduction
Restructuring Cost and Reserve [Line Items]
Restructuring charges										$ 9
Predecessor
Restructuring Cost and Reserve [Line Items]
Capital expenditures that were unpaid and included in accounts payable and accrued liabilities											$ 8		9	$ 1
Restructuring charges	$ 0			$ 7	$ 144	$ (29)	$ 55	$ 6	$ 22		151		54	135
Predecessor | Androscoggin- Wickliffe Capacity Reduction
Restructuring Cost and Reserve [Line Items]
Restructuring charges											$ 151	$ 172	21
Predecessor | Bucksport Mill Closure in 2014
Restructuring Cost and Reserve [Line Items]
Restructuring charges													12	135	$ 147
Predecessor | Property and equipment impairment | Bucksport Mill Closure in 2014
Restructuring Cost and Reserve [Line Items]
Restructuring charges													$ 0	$ 89	$ 89

Intangibles and Other Assets (D

Intangibles and Other Assets (Detail) - USD ($) $ in Millions	Jul. 14, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Predecessor
Other assets:
Planned major maintenance			$ 34
Replacement parts and other supplies, net			6
Restricted cash			3
Other			21
Total other assets			64
Intangibles and other assets			102
Predecessor | Customer Relationships
Intangibles and Other Assets by Major Class [Line Items]
Finite-lived intangible assets			28
Other assets:
Amortization expense of intangibles	$ 2		6	$ 1
Predecessor | Trademarks
Other assets:
Amortization expense of intangibles	$ 0		0	$ 0
Predecessor | Trademarks
Intangibles and Other Assets by Major Class [Line Items]
Predecessor trademarks (Indefinite life)			$ 10
Successor
Other assets:
Planned major maintenance		$ 0
Replacement parts and other supplies, net		0
Restricted cash		3
Other		15
Total other assets		18
Intangibles and other assets		58
Successor | Customer Relationships
Intangibles and Other Assets by Major Class [Line Items]
Finite-lived intangible assets		25
Other assets:
Amortization expense of intangibles		1
Successor | Trademarks
Other assets:
Amortization expense of intangibles		1
Successor | Trade Names
Intangibles and Other Assets by Major Class [Line Items]
Finite-lived intangible assets		$ 15

Intangibles and Other Assets -

Intangibles and Other Assets - Additional Information (Detail) - USD ($)	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Jul. 15, 2016
Trademarks
Intangibles and Other Assets by Major Class [Line Items]
Trademark impairment			$ 0		$ 6,000,000
Fresh-Start Adjustments
Intangibles and Other Assets by Major Class [Line Items]
Intangibles and other assets, net		$ (30,000,000)
Customer Relationships
Intangibles and Other Assets by Major Class [Line Items]
Accumulated amortization, intangibles				$ 15,000,000
Predecessor
Intangibles and Other Assets by Major Class [Line Items]
Trademark impairment		0		$ 0	$ 6,000,000
Predecessor | Fresh-Start Adjustments
Intangibles and Other Assets by Major Class [Line Items]
Intangibles and other assets, net		$ 30,000,000
Successor
Intangibles and Other Assets by Major Class [Line Items]
Trademark impairment	$ 0
Successor | Customer Relationships
Intangibles and Other Assets by Major Class [Line Items]
Accumulated amortization, intangibles	$ 1,000,000		1,000,000
Finite-lived intangible assets, estimated useful lives (in years)	10 years
Successor | Trademarks
Intangibles and Other Assets by Major Class [Line Items]
Accumulated amortization, intangibles	$ 1,000,000		$ 1,000,000
Finite-lived intangible assets, estimated useful lives (in years)	5 years
Market Approach Valuation Technique | Intangibles And Other Assets Net
Intangibles and Other Assets by Major Class [Line Items]
Fair Value Input, royalty rate						0.25%

Intangibles and Other Assets 72

Intangibles and Other Assets - Estimated Future Amortization Expense for Intangible Assets Over Next Five Years (Detail) - Successor $ in Millions	Dec. 31, 2016USD ($)
Estimated future amortization expense
2,017	$ 6
2,018	6
2,019	6
2,020	6
2,021	$ 4

Accrued Liabilities (Detail)

Accrued Liabilities (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Predecessor
Schedule of Accrued Liabilities [Line Items]
Payroll and employee benefit costs		$ 84
Accrued sales rebates		30
Accrued energy		6
Accrued taxes - other than income		9
Restructuring costs		12
Accrued professional and legal fees		6
Accrued interest		108
Freight and other		12
Accrued liabilities		$ 267
Successor
Schedule of Accrued Liabilities [Line Items]
Payroll and employee benefit costs	$ 83
Accrued sales rebates	21
Accrued energy	10
Accrued taxes - other than income	6
Restructuring costs	9
Accrued professional and legal fees	2
Accrued interest	2
Freight and other	15
Accrued liabilities	$ 148

DEBT - Summary of Debt - Succes

DEBT - Summary of Debt - Successor (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Predecessor
Debt Instrument [Line Items]
Unamortized (discount) premium and debt issuance costs, net		$ 80
Current maturities of long-term debt		(2,879)
Long-term debt		0
Predecessor | 11.75% Secured Notes - 1.5 Lien Notes
Debt Instrument [Line Items]
Long-term Debt, Gross		0
Predecessor | Old Notes and Term Loans
Debt Instrument [Line Items]
Long-term Debt, Gross		2,450
Predecessor | Revolving Credit Facilities | Line of Credit [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross		$ 349
Successor
Debt Instrument [Line Items]
Unamortized (discount) premium and debt issuance costs, net	$ (30)
Current maturities of long-term debt	(28)
Long-term debt	265
Successor | 11.75% Secured Notes - 1.5 Lien Notes
Debt Instrument [Line Items]
Long-term Debt, Gross	211
Successor | Old Notes and Term Loans
Debt Instrument [Line Items]
Long-term Debt, Gross	0
Successor | Revolving Credit Facilities | Line of Credit [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 112

DEBT - Summary of Long-Term Deb

DEBT - Summary of Long-Term Debt (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Jul. 15, 2016	Jan. 26, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Balance			$ 2,600,000,000
11.75% Senior Secured Notes - 2012 | 11.75% Senior Secured Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Interest rate (percentage)	11.75%
16% Senior Subordinated Notes | 11.38% Senior Subordinated Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Interest rate (percentage)	16.00%
13% Second Priority Senior Secured Notes | 11.75% Senior Secured Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Interest rate (percentage)	13.00%
NewPage Corp | Revolving Credit Facilities | Revolving Credit Facilities | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Balance				$ 103,000,000
Predecessor
Debt Instrument [Line Items]
Balance	$ 2,879,000,000
Par value	2,799,000,000
Less: Debt issuance costs	$ (18,000,000)
Current maturities of long-term debt				$ 2,879,000,000
Predecessor | 11.75% Secured Notes - 1.5 Lien Notes | NewPage Corp
Debt Instrument [Line Items]
Original Maturity, Line of credit	Feb. 11, 2021
Interest rate, effective	9.50%
Balance	$ 705,000,000
Par value	$ 731,000,000
Predecessor | Revolving Credit Facilities | Revolving Credit Facilities | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity, Line of credit	May 4, 2017
Interest rate, effective	4.36%
Balance	$ 99,000,000
Par value	$ 99,000,000
Predecessor | 11.38% Senior Subordinated Notes | 11.38% Senior Subordinated Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	Aug. 1, 2016
Interest rate (percentage)	11.38%
Balance	$ 41,000,000
Par value	$ 41,000,000
Predecessor | 11.75% Senior Secured Notes - 2012 | 11.75% Senior Secured Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	Jan. 15, 2019
Interest rate (percentage)		11.75%
Balance	$ 423,000,000
Par value	$ 418,000,000
Predecessor | 16% Senior Subordinated Notes | 11.38% Senior Subordinated Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	Aug. 1, 2020
Interest rate (percentage)	16.00%
Balance	$ 88,000,000
Par value	$ 65,000,000
Predecessor | 11.75% Senior Secured Notes - 2015 | 11.75% Senior Secured Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	Jan. 15, 2019
Interest rate (percentage)	11.75%
Balance	$ 655,000,000
Par value	$ 645,000,000
Predecessor | 11.75% Secured Notes - 1.5 Lien Notes | 11.75% Secured Notes - 1.5 Lien Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	Jan. 15, 2019
Interest rate (percentage)	11.75%
Balance	$ 272,000,000
Par value	$ 272,000,000
Predecessor | 13% Second Priority Senior Secured Notes | 11.75% Senior Secured Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	Aug. 1, 2020
Interest rate (percentage)	13.00%
Balance	$ 268,000,000
Par value	$ 181,000,000
Predecessor | 8.75% Second Priority Senior Secured Notes | 11.75% Senior Secured Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Original Maturity	Feb. 1, 2019
Interest rate (percentage)	8.75%
Balance	$ 96,000,000
Par value	$ 97,000,000
Predecessor | NewPage Corp | Revolving Credit Facilities | Revolving Credit Facilities
Debt Instrument [Line Items]
Original Maturity, Line of credit	Feb. 11, 2019
Interest rate, effective	3.71%
Par value	$ 250,000,000
Predecessor | NewPage Corp | Revolving Credit Facilities | Revolving Credit Facilities | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Balance	$ 250,000,000

DEBT - Interest Expense Related

DEBT - Interest Expense Related to Long-Term Debt and Cash Interests Payments on Long Term Debt (Detail) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2015	Dec. 31, 2014
Predecessor
Debt Instrument [Line Items]
Interest expense		$ 39	$ 266	$ 136
Cash interest paid		12	246	117
Amortization of debt issuance cost and discount		1	9	9
Successor
Debt Instrument [Line Items]
Interest expense	$ 15
Cash interest paid	12
Amortization of debt issuance cost and discount	3
Interest Expense [Member] | Predecessor
Debt Instrument [Line Items]
Amortization of debt issuance cost and discount		$ 0	$ 6	$ 8
Interest Expense [Member] | Successor
Debt Instrument [Line Items]
Amortization of debt issuance cost and discount	3
New Second Lien Notes [Member]
Debt Instrument [Line Items]
Interest Payable	$ 3

DEBT - Additional Information (

DEBT - Additional Information (Detail) - USD ($) shares in Millions	Jan. 07, 2015	Jan. 06, 2015	Aug. 02, 2014	Jul. 14, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016	Jan. 26, 2016	Aug. 01, 2014	Jul. 02, 2014
Debt Instrument [Line Items]
Fair value of the debt acquired							$ 804,000,000
Long-term debt								$ 2,600,000,000
Revolving Credit Facilities | Revolving Credit Facilities | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Credit Facility, outstanding							$ 0
11.75% Senior Secured Notes | 13% Second Priority Senior Secured Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Interest rate (percentage)							13.00%
11.75% Senior Secured Notes | 11.75% Secured Notes
Debt Instrument [Line Items]
Interest rate (percentage)	11.75%
11.75% Secured Notes Due in 2019 | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Debt issuance costs, deferred				$ 22,000,000			$ 8,000,000
8.75% Second Priority Senior Secured Notes
Debt Instrument [Line Items]
Principal amount		$ 1,000
Original debt		299,000,000
8.75% Second Priority Senior Secured Notes | Exchange Offer One
Debt Instrument [Line Items]
Warrants issued			9.3
Fair value of warrants issued									$ 0
New Second Lien Notes [Member]
Debt Instrument [Line Items]
Interest rate (percentage)	10.00%
Principal amount	$ 593.75
Increase (decrease) in long term debt	121,000,000
Long-term debt	178,000,000
Interest Payable							$ 3,000,000
New Second Lien Notes [Member] | 8.75% Second Priority Senior Secured Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Interest rate (percentage)										8.75%
11.38% Senior Subordinated Notes
Debt Instrument [Line Items]
Principal amount		1,000
Original debt		$ 102,000,000
Increase (decrease) in long term debt	$ 39,000,000
Increase in the amount of debt					$ 2,000,000
11.38% Senior Subordinated Notes | 16% Senior Subordinated Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Interest rate (percentage)							16.00%
11.38% Senior Subordinated Notes | Exchange Offer Two
Debt Instrument [Line Items]
Warrants issued			5.4
Fair value of warrants issued									$ 0
16% Senior Subordinated Notes
Debt Instrument [Line Items]
Interest rate (percentage)	11.00%
Principal amount	$ 620
Paid-in-kind interest, percentage	5.00%
Long-term debt	$ 63,000,000
New Page Holding Inc.
Debt Instrument [Line Items]
Liability incurred for the acquisition	$ 650,000,000
New Page Holding Inc. | Revolving Credit Facilities | Revolving Credit Facilities | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Long-term debt					103,000,000
Fair Value, Inputs, Level 2
Debt Instrument [Line Items]
Fair value of the debt acquired							$ 319,000,000
Predecessor
Debt Instrument [Line Items]
Debt instrument, face amount							2,799,000,000
Long-term debt							$ 2,879,000,000
Stock issued for convertible warrants				0	50,000,000	$ 0
Conversion of interest payable to long-term debt				0	19,000,000	0
Noncash or Part Noncash, Decrease in Long-term Debt for Debt Modification				$ 1,000,000	$ 21,000,000	$ 2,000,000
Predecessor | Revolving Credit Facilities | Revolving Credit Facilities | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Interest rate, effective							4.36%
Debt instrument, face amount							$ 99,000,000
Long-term debt							99,000,000
Predecessor | 11.75% Senior Secured Notes | 13% Second Priority Senior Secured Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Debt instrument, face amount							$ 181,000,000
Interest rate (percentage)							13.00%
Long-term debt							$ 268,000,000
Predecessor | 11.75% Senior Secured Notes | 8.75% Second Priority Senior Secured Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Debt instrument, face amount							$ 97,000,000
Interest rate (percentage)							8.75%
Long-term debt							$ 96,000,000
Predecessor | 11.38% Senior Subordinated Notes | 11.38% Senior Subordinated Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Debt instrument, face amount							$ 41,000,000
Interest rate (percentage)							11.38%
Long-term debt							$ 41,000,000
Predecessor | 11.38% Senior Subordinated Notes | 16% Senior Subordinated Notes | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Debt instrument, face amount							$ 65,000,000
Interest rate (percentage)							16.00%
Long-term debt							$ 88,000,000
Predecessor | New Page Holding Inc. | Revolving Credit Facilities | Revolving Credit Facilities
Debt Instrument [Line Items]
Interest rate, effective							3.71%
Debt instrument, face amount							$ 250,000,000
Predecessor | New Page Holding Inc. | Revolving Credit Facilities | Revolving Credit Facilities | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Long-term debt							$ 250,000,000

DEBT - Payments Required Under

DEBT - Payments Required Under Long-Term Debt (Detail) $ in Millions	Dec. 31, 2016USD ($)
Long-term debt by maturity:
2,017	$ 28
2,018	18
2,019	18
2,020	18
2,021	129
Total debt	$ 211

DEBT - Exit credit facility (De

DEBT - Exit credit facility (Details) - USD ($)	Jul. 15, 2016	Dec. 31, 2016	Jul. 14, 2016	Jan. 26, 2016
Line of Credit Facility [Line Items]
Long-term debt				$ 2,600,000,000
Fair value of debt	$ 318,000,000
Debt Instrument, Quarterly Principal Amortization Payment, Percentage of Initial Principal Amount	2.00%
Debt Instrument, Quarterly Principal Amortization Payment, Liquidity Requirement	$ 75,000,000
Debt Instrument, Prepayment Penalty, Percentage, For First Two Years	2.00%
Debt Instrument, Prepayment Penalty, Percentage, For Two to Four Years	1.00%
Exit Financing Facility
Line of Credit Facility [Line Items]
Long-term debt	$ 340,000,000
Line of Credit [Member] | Exit ABL Facility | Revolving Credit Facilities
Line of Credit Facility [Line Items]
Credit facility, borrowing capacity	375,000,000
Credit Facility, outstanding	120,000,000
11.75% Secured Notes - 1.5 Lien Notes | Exit Term Loan Facility
Line of Credit Facility [Line Items]
Debt instrument, face amount	220,000,000
Current borrowing capacity	198,000,000
Debt Issuance Costs, Gross	22,000,000
Repayments of Long-term Lines of Credit	$ 10,000,000
LIBOR | 11.75% Secured Notes - 1.5 Lien Notes | Exit Term Loan Facility
Line of Credit Facility [Line Items]
Interest rate over the reference rate	11.00%
Base Rate | 11.75% Secured Notes - 1.5 Lien Notes | Exit Term Loan Facility
Line of Credit Facility [Line Items]
Interest rate over the reference rate	10.00%
Minimum | Line of Credit [Member] | Exit ABL Facility | Revolving Credit Facilities
Line of Credit Facility [Line Items]
Line of Credit Facility, Commitment Fee Percentage	0.25%
Minimum | LIBOR | Line of Credit [Member] | Exit ABL Facility | Revolving Credit Facilities
Line of Credit Facility [Line Items]
Interest rate over the reference rate	1.25%
Minimum | LIBOR | 11.75% Secured Notes - 1.5 Lien Notes | Exit Term Loan Facility
Line of Credit Facility [Line Items]
Interest rate over the reference rate	0.25%
Maximum | Line of Credit [Member] | Exit ABL Facility | Revolving Credit Facilities
Line of Credit Facility [Line Items]
Line of Credit Facility, Commitment Fee Percentage	0.375%
Maximum | LIBOR | Line of Credit [Member] | Exit ABL Facility | Revolving Credit Facilities
Line of Credit Facility [Line Items]
Interest rate over the reference rate	2.00%
Maximum | LIBOR | 11.75% Secured Notes - 1.5 Lien Notes | Exit Term Loan Facility
Line of Credit Facility [Line Items]
Interest rate over the reference rate	1.00%
Successor | Line of Credit [Member]
Line of Credit Facility [Line Items]
Credit facility, remaining borrowing capacity		$ 157,000,000
Successor | Line of Credit [Member] | Revolving Credit Facilities
Line of Credit Facility [Line Items]
Debt, Weighted Average Interest Rate		3.20%
Interest rate (percentage)		12.00%
Long-term Debt, Gross		$ 112,000,000
Debt issuance costs		3,000,000
Successor | Line of Credit [Member] | Letter of Credit
Line of Credit Facility [Line Items]
Long-term debt		78,000,000
Successor | 11.75% Secured Notes - 1.5 Lien Notes
Line of Credit Facility [Line Items]
Long-term Debt, Gross		211,000,000
Interest Rate Floor [Member] | LIBOR | 11.75% Secured Notes - 1.5 Lien Notes | Exit Term Loan Facility
Line of Credit Facility [Line Items]
Interest rate over the reference rate	1.00%
Debt Instrument, Periodic Payment	$ 4,000,000
Verso Paper Holdings LLC | Line of Credit [Member] | Revolving Credit Facilities
Line of Credit Facility [Line Items]
Credit Facility, outstanding		0
Verso Paper Holdings LLC | 11.75% Secured Notes - 1.5 Lien Notes
Line of Credit Facility [Line Items]
Debt issuance costs		$ 8,000,000	$ 22,000,000

DEBT - Pre-petition Debt (Detai

DEBT - Pre-petition Debt (Details) - USD ($) $ in Millions	Jul. 15, 2016	Jul. 14, 2016	Dec. 31, 2015	Dec. 31, 2016
Debt Instrument [Line Items]
Extinguishment of Debt, Amount		$ 2,500
Issuance of Successor common stock and stock purchase warrants (shares)	34,390,643
11.38% Senior Subordinated Notes
Debt Instrument [Line Items]
Increase in the amount of debt			$ 2
Variable Interest Entity, Primary Beneficiary | Long-term debt | Verso Paper Holdings LLC
Debt Instrument [Line Items]
Variable interest entity, consolidated liabilities				$ 23

DEBT - DIP Facility (Details)

DEBT - DIP Facility (Details) - USD ($) $ in Millions	Jul. 14, 2016	Jan. 26, 2016	Dec. 31, 2016	Jul. 15, 2016	Mar. 26, 2016	Jan. 28, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Long-term debt		$ 2,600
Interest costs capitalized	$ 9
Debt Instrument, Convertible, Carrying Amount of Equity Component	184
11.75% Secured Notes - 1.5 Lien Notes
Debt Instrument [Line Items]
Debtor-in-possession financing, amount arranged						$ 550
11.75% Secured Notes - 1.5 Lien Notes | NewPage DIP Facility
Debt Instrument [Line Items]
Debtor-in-possession financing, amount arranged					$ 175
Verso Paper Holdings LLC | 11.75% Secured Notes - 1.5 Lien Notes
Debt Instrument [Line Items]
Debt issuance costs	$ 22		$ 8
Revolving Credit Facilities | Verso Paper Holdings LLC | Line of Credit [Member]
Debt Instrument [Line Items]
Credit Facility, outstanding			$ 0
Verso DIP Facility
Debt Instrument [Line Items]
DIP financing, fee on unused borrowings		0.75%
Verso DIP Facility | Federal Fund Rate [Member]
Debt Instrument [Line Items]
DIP financing, variable interest rate		0.50%
Verso DIP Facility | One Month LIBOR [Member]
Debt Instrument [Line Items]
DIP financing, variable interest rate		1.00%
Verso DIP Facility | Base Rate
Debt Instrument [Line Items]
DIP financing, variable interest rate		1.50%
Verso DIP Facility | LIBOR
Debt Instrument [Line Items]
DIP financing, variable interest rate		2.50%
Verso DIP Facility | 11.75% Secured Notes - 1.5 Lien Notes
Debt Instrument [Line Items]
Debtor-in-possession financing, amount arranged		$ 100
NewPage DIP ABL Facility | 11.75% Secured Notes - 1.5 Lien Notes
Debt Instrument [Line Items]
Debtor-in-possession financing, amount arranged					325
NewPage DIP Facility | Base Rate
Debt Instrument [Line Items]
DIP financing, variable interest rate		8.50%
NewPage DIP Facility | LIBOR
Debt Instrument [Line Items]
DIP financing, variable interest rate		9.50%
DIP financing, fee on unused borrowings		0.375%
NewPage DIP Facility | 11.75% Secured Notes - 1.5 Lien Notes
Debt Instrument [Line Items]
Debtor-in-possession financing, amount arranged				$ 175	350
NewPage DIP Facility | NewPage Corp
Debt Instrument [Line Items]
Secured debt				$ 175	$ 175
NewPage Corp | Revolving Credit Facilities | Verso Paper Holdings LLC | Line of Credit [Member]
Debt Instrument [Line Items]
Long-term debt							$ 103

Other Liabilities (Detail)

Other Liabilities (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2015
Other Liabilities [Line Items]
Asset retirement obligations	$ 13
Predecessor
Other Liabilities [Line Items]
Asset retirement obligations		$ 13	$ 16
Other employee related obligations			29
Non-controlling interests			8
Other postretirement benefit obligation			30
Deferred income taxes			8
Other			15
Other liabilities			$ 106
Successor
Other Liabilities [Line Items]
Asset retirement obligations	13
Other employee related obligations	19
Non-controlling interests	8
Other postretirement benefit obligation	5
Deferred income taxes	0
Other	3
Other liabilities	$ 48

Earnings per Share (Reconciliat

Earnings per Share (Reconciliation of Basic and Diluted Earnings (Loss) per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	Jul. 14, 2016	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2015	Dec. 31, 2014
Predecessor
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income (loss) available to common shareholders	$ 1,299			$ (33)	$ (88)	$ (129)	$ (111)	$ (60)	$ (122)		$ 1,178	$ (422)	$ (353)
Weighted average common stock outstanding (in shares)											81,450	80,838	52,835
Weighted average restricted stock (in shares)											397	457	458
Weighted average common shares outstanding - basic (in shares)	81,823			81,828	81,869	81,876	81,842	81,763	79,670		81,847	81,295	53,293
Dilutive shares from stock options (in shares)											0	0	0
Weighted average common shares outstanding - diluted (in shares)	81,823			81,828	81,869	81,876	81,842	81,763	79,670		81,847	81,295	53,293
Basic (usd per share)	$ 15.88			$ (0.40)	$ (1.07)	$ (1.58)	$ (1.36)	$ (0.73)	$ (1.53)		$ 14.39	$ (5.19)	$ (6.62)
Diluted (usd per share)	$ 15.88			$ (0.40)	$ (1.07)	$ (1.58)	$ (1.36)	$ (0.73)	$ (1.53)		$ 14.39	$ (5.19)	$ (6.62)
Successor
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income (loss) available to common shareholders		$ 8	$ (40)							$ (32)
Weighted average common stock outstanding (in shares)										34,391
Weighted average restricted stock (in shares)										0
Weighted average common shares outstanding - basic (in shares)		34,391	34,391							34,391
Dilutive shares from stock options (in shares)										0
Weighted average common shares outstanding - diluted (in shares)		34,391	34,391							34,391
Basic (usd per share)		$ 0.23	$ (1.16)							$ (0.93)
Diluted (usd per share)		$ 0.23	$ (1.16)							$ (0.93)

Earnings per Share - Additional

Earnings per Share - Additional Information (Detail) - shares	6 Months Ended
	Dec. 31, 2016	Jul. 15, 2016
Verso Paper Holdings LLC | Senior Notes | Common Class A | 11.75% Senior Secured Notes - 2012
Earnings Per Share Disclosure [Line Items]
Reorganization plan, number of shares called by warrants (shares)		1,810,035
Restricted Stock Units (RSUs)
Earnings Per Share Disclosure [Line Items]
Grants in the period (shares)	200,000

RETIREMENT AND OTHER POSTRETI85

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS - Defined Benefit Plans - Additional Information (Detail)	6 Months Ended	12 Months Ended
	Jul. 14, 2016USD ($)	Dec. 31, 2016USD ($)retirement_plan	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of pension plans | retirement_plan		3
Curtailment loss		$ 1,000,000
Amortization of net actuarial loss into net periodic pension cost in next year from accumulated other comprehensive income		0
Amortization of prior service cost into net periodic pension cost in next year from accumulated other comprehensive income		0
Contribution made by employer	$ 16,000,000	10,000,000	$ 28,000,000	$ 7,965,000
Expected cash contributions in 2016		32,000,000
Accumulated benefit obligation	1,839,000,000	$ 1,672,000,000	1,672,000,000
Number of employees covered, percentage		82.06667%
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected cash contributions in 2016		$ 2,000,000
Predecessor
Defined Benefit Plan Disclosure [Line Items]
Curtailment loss	0		1,000,000	$ 1,000,000
Component of curtailment loss comprised of net actuarial loss	0		1,000,000
Contribution made by employer	16,000,000		28,000,000
Predecessor | Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Contribution made by employer	$ 4,000,000		$ 7,000,000
Predecessor | Androscoggin- Wickliffe Capacity Reduction | Severance and benefit costs
Defined Benefit Plan Disclosure [Line Items]
Non cash pension expense		$ 4,000,000

RETIREMENT AND OTHER POSTRETI86

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS - Components of Net Periodic Benefit Cost (Detail) - USD ($)	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Curtailment			$ 1,000,000
Predecessor
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost		$ 9,000,000		$ 11,000,000	$ 6,000,000
Interest cost		36,000,000		65,000,000	4,000,000
Expected return on plan assets		(40,000,000)		(83,000,000)	(4,000,000)
Amortization of prior service cost		0		0	1,000,000
Amortization of actuarial loss		1,000,000		2,000,000	0
Curtailment		0		1,000,000	1,000,000
Special termination benefits		0		3,000,000	0
Net periodic pension cost		6,000,000		(1,000,000)	$ 8,000,000
Predecessor | Other Postretirement Benefit Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost		0	0	0
Interest cost		1,000,000	1,000,000	$ 1,000,000
Amortization of prior service cost		0	(3,000,000)
Settlement		0	0
Net periodic pension cost		$ 1,000,000	$ (2,000,000)
Successor
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 8,000,000
Interest cost	31,000,000
Expected return on plan assets	(39,000,000)
Amortization of prior service cost	0
Amortization of actuarial loss	0
Curtailment	0
Special termination benefits	0
Net periodic pension cost	0
Successor | Other Postretirement Benefit Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	0
Interest cost	1,000,000
Amortization of prior service cost	0
Settlement	25,000,000
Net periodic pension cost	$ (24,000,000)

RETIREMENT AND OTHER POSTRETI87

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS - Detail of Prior Service Cost and Net Actuarial Loss Recognized In Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Other Postretirement Benefit Plan [Member]
Amounts recognized in Accumulated other comprehensive loss:
Prior service cost	$ 0	$ 0
Net actuarial loss (income), net of tax	(1)	(1)
Predecessor
Amounts recognized in Accumulated other comprehensive loss:
Prior service cost		0
Net actuarial loss (income), net of tax		$ 103
Successor
Amounts recognized in Accumulated other comprehensive loss:
Prior service cost	0
Net actuarial loss (income), net of tax	$ (126)

RETIREMENT AND OTHER POSTRETI88

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS - Reconciliation of Projected Benefit Obligation and Funded Status (Detail) - USD ($)	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Change in Plan Assets:
Employer contributions		$ 16,000,000	$ 10,000,000	$ 28,000,000	$ 7,965,000
Predecessor
Change in Projected Benefit Obligation:
Benefit obligation at beginning of fiscal year	$ 1,839,000,000	1,672,000,000	1,672,000,000	103,000,000
Acquisition of NewPage plans		0		1,603,000,000
Service cost		9,000,000		11,000,000	6,000,000
Interest cost		36,000,000		65,000,000	4,000,000
Plan amendments and settlements		0		3,000,000	0
Actuarial (gain) loss		162,000,000		(33,000,000)
Benefits paid		(40,000,000)		(81,000,000)
Curtailment		0		1,000,000
Special termination benefits		0		3,000,000
Benefit obligation at end of fiscal year		1,839,000,000		1,672,000,000	103,000,000
Change in Plan Assets:
Plan assets at fair value at beginning of fiscal year	1,192,000,000	1,144,000,000	1,144,000,000	62,000,000
Acquisition of NewPage plans		0		1,164,000,000
Actual net return on plan assets		72,000,000		(29,000,000)
Employer contributions		16,000,000		28,000,000
Benefits paid		(40,000,000)		(81,000,000)
Plan assets at fair value at end of fiscal year		1,192,000,000		1,144,000,000	62,000,000
Underfunded projected benefit obligation recognized in Pension benefit obligation on the consolidated balance sheets		(647,000,000)		(528,000,000)
Predecessor | Other Postretirement Benefit Plan [Member]
Change in Projected Benefit Obligation:
Benefit obligation at beginning of fiscal year	35,000,000	37,000,000	37,000,000	0
Acquisition of NewPage plans		0		47,000,000
Service cost		0	0	0
Interest cost		1,000,000	1,000,000	1,000,000
Plan amendments and settlements		0		(3,000,000)
Actuarial (gain) loss		1,000,000		(1,000,000)
Benefits paid		(4,000,000)		(7,000,000)
Benefit obligation at end of fiscal year		35,000,000		37,000,000	0
Change in Plan Assets:
Plan assets at fair value at beginning of fiscal year	0	0	0	0
Employer contributions		4,000,000		7,000,000
Benefits paid		(4,000,000)		(7,000,000)
Plan assets at fair value at end of fiscal year		0		0	$ 0
Underfunded projected benefit obligation recognized in Pension benefit obligation on the consolidated balance sheets		(35,000,000)		$ (37,000,000)
Successor
Change in Projected Benefit Obligation:
Benefit obligation at beginning of fiscal year	1,839,000,000
Acquisition of NewPage plans	0
Service cost	8,000,000
Interest cost	31,000,000
Plan amendments and settlements	25,000,000
Actuarial (gain) loss	(152,000,000)
Benefits paid	(54,000,000)
Curtailment	0
Special termination benefits	0
Benefit obligation at end of fiscal year	1,672,000,000	1,839,000,000	1,672,000,000
Change in Plan Assets:
Plan assets at fair value at beginning of fiscal year	1,192,000,000
Acquisition of NewPage plans	0
Actual net return on plan assets	33,000,000
Employer contributions	10,000,000
Benefits paid	(54,000,000)
Plan assets at fair value at end of fiscal year	1,181,000,000	1,192,000,000	1,181,000,000
Underfunded projected benefit obligation recognized in Pension benefit obligation on the consolidated balance sheets	(491,000,000)		(491,000,000)
Successor | Other Postretirement Benefit Plan [Member]
Change in Projected Benefit Obligation:
Benefit obligation at beginning of fiscal year	35,000,000
Acquisition of NewPage plans	0
Service cost	0
Interest cost	1,000,000
Plan amendments and settlements	(25,000,000)
Actuarial (gain) loss	(1,000,000)
Benefits paid	(3,000,000)
Benefit obligation at end of fiscal year	7,000,000	35,000,000	7,000,000
Change in Plan Assets:
Plan assets at fair value at beginning of fiscal year	0
Employer contributions	3,000,000
Benefits paid	(3,000,000)
Plan assets at fair value at end of fiscal year	0	$ 0	0
Underfunded projected benefit obligation recognized in Pension benefit obligation on the consolidated balance sheets	$ (7,000,000)		$ (7,000,000)

RETIREMENT AND OTHER POSTRETI89

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS - Summary of Expected Future Pension Benefit Payments (Detail) $ in Millions	Dec. 31, 2016USD ($)
Expected future pension benefit payments:
2,016	$ 83
2,017	86
2,018	89
2,019	91
2,020	95
2021-2024	502
Other Postretirement Benefit Plan [Member]
Expected future pension benefit payments:
2,016	2
2,017	2
2,018	1
2,019	1
2,020	1
2021-2024	$ 1

RETIREMENT AND OTHER POSTRETI90

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS - Actuarial Assumptions Used In Defined Benefit Pension Plans (Detail) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2015	Dec. 31, 2014
Predecessor
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension benefit obligation		$ (647)	$ (528)
Weighted average assumptions used to determine benefit obligations as of December 31:
Discount rate		3.43%	4.17%	3.83%
Weighted average assumptions used to determine net periodic pension cost for the fiscal year:
Discount rate	4.17%		3.98%	4.75%
Expected long-term return on plan assets	6.75%		7.05%	6.50%
Predecessor | Other Postretirement Benefit Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension benefit obligation		$ (35)	$ (37)
Weighted average assumptions used to determine benefit obligations as of December 31:
Discount rate		3.09%	3.73%
Weighted average assumptions used to determine net periodic pension cost for the fiscal year:
Discount rate		3.73%	3.43%
Predecessor | Other Postretirement Benefit Plan [Member] | Other current liabilities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension benefit obligation		$ (3)	$ (7)
Predecessor | Other Postretirement Benefit Plan [Member] | Other long-term obligations
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension benefit obligation		$ (32)	$ (30)
Successor
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension benefit obligation	$ (491)
Weighted average assumptions used to determine benefit obligations as of December 31:
Discount rate	3.99%
Weighted average assumptions used to determine net periodic pension cost for the fiscal year:
Discount rate	3.43%
Expected long-term return on plan assets	6.75%
Successor | Other Postretirement Benefit Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension benefit obligation	$ (7)
Weighted average assumptions used to determine benefit obligations as of December 31:
Discount rate	3.32%
Weighted average assumptions used to determine net periodic pension cost for the fiscal year:
Discount rate	3.09%
Successor | Other Postretirement Benefit Plan [Member] | Other current liabilities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension benefit obligation	$ (2)
Successor | Other Postretirement Benefit Plan [Member] | Other long-term obligations
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension benefit obligation	$ (5)

RETIREMENT AND OTHER POSTRETI91

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS - Pension Plan's Asset Allocation (Detail) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Contribution Plan 401 k
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution					$ 6.7
Predecessor | United States Pension Plan of US Entity | Money market funds
Defined Benefit Plan Disclosure [Line Items]
Allocation	2.00%		2.00%
Predecessor | United States Pension Plan of US Entity | Fixed income funds
Defined Benefit Plan Disclosure [Line Items]
Allocation	40.00%		40.00%
Predecessor | United States Pension Plan of US Entity | Hedge funds, private equity, real estate, commodities
Defined Benefit Plan Disclosure [Line Items]
Allocation	9.00%		9.00%
Predecessor | United States Pension Plan of US Entity | Domestic equity funds - large cap
Defined Benefit Plan Disclosure [Line Items]
Allocation	28.00%		28.00%
Predecessor | United States Pension Plan of US Entity | Domestic equity funds - small cap
Defined Benefit Plan Disclosure [Line Items]
Allocation	4.00%		4.00%
Predecessor | United States Pension Plan of US Entity | International equity funds
Defined Benefit Plan Disclosure [Line Items]
Allocation	17.00%		17.00%
Predecessor | Minimum | Other securities
Defined Benefit Plan Disclosure [Line Items]
Targeted Allocation				50.00%
Predecessor | Minimum | Hedge funds, private equity, real estate, commodities
Defined Benefit Plan Disclosure [Line Items]
Targeted Allocation				4.00%
Predecessor | Minimum | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Targeted Allocation				25.00%
Predecessor | Maximum | Other securities
Defined Benefit Plan Disclosure [Line Items]
Targeted Allocation				70.00%
Predecessor | Maximum | Hedge funds, private equity, real estate, commodities
Defined Benefit Plan Disclosure [Line Items]
Targeted Allocation				15.00%
Predecessor | Maximum | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Targeted Allocation				50.00%
Predecessor | Defined Contribution Plan 401 k
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution		$ 8		$ 16	$ 7
Successor | United States Pension Plan of US Entity | Money market funds
Defined Benefit Plan Disclosure [Line Items]
Allocation				0.00%
Successor | United States Pension Plan of US Entity | Fixed income funds
Defined Benefit Plan Disclosure [Line Items]
Allocation				36.00%
Successor | United States Pension Plan of US Entity | Hedge funds, private equity, real estate, commodities
Defined Benefit Plan Disclosure [Line Items]
Allocation				11.00%
Successor | United States Pension Plan of US Entity | Domestic equity funds - large cap
Defined Benefit Plan Disclosure [Line Items]
Allocation				31.00%
Successor | United States Pension Plan of US Entity | Domestic equity funds - small cap
Defined Benefit Plan Disclosure [Line Items]
Allocation				5.00%
Successor | United States Pension Plan of US Entity | International equity funds
Defined Benefit Plan Disclosure [Line Items]
Allocation				17.00%
Successor | Minimum | Other securities
Defined Benefit Plan Disclosure [Line Items]
Targeted Allocation			35.00%
Successor | Minimum | Hedge funds, private equity, real estate, commodities
Defined Benefit Plan Disclosure [Line Items]
Targeted Allocation			4.00%
Successor | Minimum | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Targeted Allocation			35.00%
Successor | Maximum | Other securities
Defined Benefit Plan Disclosure [Line Items]
Targeted Allocation			55.00%
Successor | Maximum | Hedge funds, private equity, real estate, commodities
Defined Benefit Plan Disclosure [Line Items]
Targeted Allocation			15.00%
Successor | Maximum | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Targeted Allocation			60.00%
Successor | Defined Contribution Plan 401 k
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution	$ 6

RETIREMENT AND OTHER POSTRETI92

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS - Pension Plan Assets at Fair Value (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2015	Dec. 31, 2014
Fixed income funds
Defined Benefit Plan Disclosure [Line Items]
Assets Valued at NAV Practical Expedient			$ 374
Domestic equity funds - large cap
Defined Benefit Plan Disclosure [Line Items]
Assets Valued at NAV Practical Expedient			306
Domestic equity funds - small cap
Defined Benefit Plan Disclosure [Line Items]
Assets Valued at NAV Practical Expedient			44
International equity funds
Defined Benefit Plan Disclosure [Line Items]
Assets Valued at NAV Practical Expedient			104
Level 1 | Fixed income funds
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value			87
Level 1 | Domestic equity funds - large cap
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value			19
Level 1 | Domestic equity funds - small cap
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value			7
Level 1 | International equity funds
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value			85
Level 3
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	$ 77
Successor
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	1,181	$ 1,192
Assets Valued at NAV Practical Expedient	990
Successor | Fixed income funds
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	421
Assets Valued at NAV Practical Expedient	363
Successor | Domestic equity funds - large cap
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	365
Assets Valued at NAV Practical Expedient	343
Successor | Domestic equity funds - small cap
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	64
Assets Valued at NAV Practical Expedient	54
Successor | International equity funds
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	204
Assets Valued at NAV Practical Expedient	110
Successor | Money market funds
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	0
Assets Valued at NAV Practical Expedient	0
Successor | Other funds
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	127
Assets Valued at NAV Practical Expedient	120
Successor | Level 1
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	191
Successor | Level 1 | Fixed income funds
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	58
Successor | Level 1 | Domestic equity funds - large cap
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	22
Successor | Level 1 | Domestic equity funds - small cap
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	10
Successor | Level 1 | International equity funds
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	94
Successor | Level 1 | Money market funds
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	0
Successor | Level 1 | Other funds
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value	$ 7
Predecessor
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value		$ 1,192	1,144	$ 62
Assets Valued at NAV Practical Expedient			921
Predecessor | Fixed income funds
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value			461
Predecessor | Domestic equity funds - large cap
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value			325
Predecessor | Domestic equity funds - small cap
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value			51
Predecessor | International equity funds
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value			189
Predecessor | Money market funds
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value			19
Assets Valued at NAV Practical Expedient			0
Predecessor | Other funds
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value			99
Assets Valued at NAV Practical Expedient			93
Predecessor | Level 1
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value			223
Predecessor | Level 1 | Money market funds
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value			19
Predecessor | Level 1 | Other funds
Defined Benefit Plan Disclosure [Line Items]
Assets at fair value			$ 6

RETIREMENT AND OTHER POSTRETI93

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS - Defined Contribution Plans - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Contribution Plan 401 k
Defined Contribution Plan [Line Items]
Employer matching contribution				$ 6.7
Predecessor | Salaried and Quinnesec hourly employees defined contribution plan
Defined Contribution Plan [Line Items]
Defined contribution plan expense		$ 8	$ 17	5
Predecessor | Defined Contribution Plan 401 k
Defined Contribution Plan [Line Items]
Employer matching contribution		$ 8	$ 16	$ 7
Successor | Salaried and Quinnesec hourly employees defined contribution plan
Defined Contribution Plan [Line Items]
Defined contribution plan expense	$ 8
Successor | Defined Contribution Plan 401 k
Defined Contribution Plan [Line Items]
Employer matching contribution	$ 6

RETIREMENT AND OTHER POSTRETI94

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS - Fair value Reconciliation (Details) $ in Millions	Dec. 31, 2016USD ($)
Level 3
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value at end of fiscal year	$ 77

RETIREMENT AND OTHER POSTRETI95

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS - Additional Information on Level 3 (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)
Defined Benefit Plan Disclosure [Line Items]
Rate of increase	4.50%
Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair Value	$ 77
Unfunded Commitments	3
Mutli-Strategy Hedge Fund | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair Value	$ 2
Redemption Notice Period	45 days
Debt Securities Hedge Fund | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair Value	$ 61
Redemption Notice Period	90 days
Private Equity | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair Value	$ 14
Unfunded Commitments	$ 3

Equity Awards - Additional Info

Equity Awards - Additional Information (Detail) $ / shares in Units, $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2016USD ($)$ / sharesshares	Jul. 14, 2016USD ($)shares	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Jul. 15, 2016annivarsaryshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (shares) | shares		11,000,000
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (shares) | shares						3,620,067
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in the period (shares) | shares	200,000
Grant date fair value (usd per share) | $ / shares	$ 11.19
Number of anniversaries | annivarsary						3
Unrecognized compensation cost	$ 1		$ 1
Period for recognition (years)			2 years
Non-employee director stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights			vested upon grant
Expiration period (in years)			10 years
Officer and management non-qualified time - based stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights			one to three years from the date of grant
Expiration period (in years)			7 years
Predecessor
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		$ 4		$ 3	$ 2
Predecessor | Service and performance-based employee and director stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost				4
Predecessor | Restricted stock award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost				$ 1
Successor
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 0

Equity Awards - Stock Option Pl

Equity Awards - Stock Option Plan Activity (Detail) - Service and performance-based employee and director stock options - shares shares in Millions	6 Months Ended	12 Months Ended
	Jul. 14, 2016	Dec. 31, 2015	Dec. 31, 2014
Predecessor
Options Outstanding
Options outstanding, beginning balance (shares)	8	6	4
Options granted (shares)		3	2
Options exercised (shares)			0
Options forfeited (shares)		(1)
Cancellation of Predecessor stock awards (shares)	(8)
Options outstanding, ending balance (shares)		8	6
Successor
Options Outstanding
Options outstanding, ending balance (shares)	0

Equity Awards - Stock Option 98

Equity Awards - Stock Option Plan Activity (Footnotes) (Detail) - Predecessor - Verso Paper Corp. 2008 Incentive Award Plan - Service and performance-based employee and director stock options	Dec. 31, 2015$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, lowest exercise price in range (usd per share)	$ 0.15
Options outstanding, highest exercise price in range (usd per share)	5.93
Options exercisable, lowest exercise price in range (usd per share)	0.71
Options exercisable, highest exercise price in range (usd per share)	$ 5.93

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Jul. 14, 2016
Related Party Transaction [Line Items]
Management agreement expiration date	Jun. 1, 2017
Apollo
Related Party Transaction [Line Items]
Revenue from related parties	$ 15,000,000	$ 26,000,000
Account receivable from related party		$ 1,000,000	$ 3,000,000
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%
Purchases from Apollo	$ 0

Restructuring Charges - Charges

Restructuring Charges - Charges Incurred Related to Shutdown (Detail) - USD ($) $ in Millions	Jul. 14, 2016	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Jul. 14, 2016	Jul. 14, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Mar. 31, 2016
Predecessor
Restructuring and Related Cost [Abstract]
Restructuring charges	$ 0			$ 7	$ 144	$ (29)	$ 55	$ 6	$ 22		$ 151		$ 54	$ 135
Predecessor | NewPage Acquisition Restructuring
Restructuring and Related Cost [Abstract]
Restructuring charges													20		$ 20
Predecessor | NewPage Acquisition Restructuring | Property and equipment impairment
Restructuring and Related Cost [Abstract]
Restructuring charges													4
Predecessor | NewPage Acquisition Restructuring | Property and Equipment - Disposal
Restructuring and Related Cost [Abstract]
Restructuring charges															4
Predecessor | NewPage Acquisition Restructuring | Severance and benefit costs
Restructuring and Related Cost [Abstract]
Restructuring charges													16		$ 16
Predecessor | Androscoggin- Wickliffe Capacity Reduction
Restructuring and Related Cost [Abstract]
Restructuring charges											151	$ 172	21
Predecessor | Androscoggin- Wickliffe Capacity Reduction | Property and equipment
Restructuring and Related Cost [Abstract]
Restructuring charges											127	127	0
Predecessor | Androscoggin- Wickliffe Capacity Reduction | Severance and benefit costs
Restructuring and Related Cost [Abstract]
Restructuring charges											10	26	16
Predecessor | Androscoggin- Wickliffe Capacity Reduction | Write-off of spare parts, inventory and other assets
Restructuring and Related Cost [Abstract]
Restructuring charges											9	12	3
Predecessor | Androscoggin- Wickliffe Capacity Reduction | Write-off of purchase obligations and commitments
Restructuring and Related Cost [Abstract]
Restructuring charges											2	3	1
Predecessor | Androscoggin- Wickliffe Capacity Reduction | Other miscellaneous costs
Restructuring and Related Cost [Abstract]
Restructuring charges											$ 3	$ 4	1
Predecessor | Bucksport Mill Closure in 2014
Restructuring and Related Cost [Abstract]
Restructuring charges													12	135		$ 147
Predecessor | Bucksport Mill Closure in 2014 | Property and equipment impairment
Restructuring and Related Cost [Abstract]
Restructuring charges													0	89		89
Predecessor | Bucksport Mill Closure in 2014 | Severance and benefit costs
Restructuring and Related Cost [Abstract]
Restructuring charges													2	27		29
Predecessor | Bucksport Mill Closure in 2014 | Write-off of spare parts, inventory and other assets
Restructuring and Related Cost [Abstract]
Restructuring charges													0	14		14
Predecessor | Bucksport Mill Closure in 2014 | Write-off of purchase obligations and commitments
Restructuring and Related Cost [Abstract]
Restructuring charges													6	2		8
Predecessor | Bucksport Mill Closure in 2014 | Other miscellaneous costs
Restructuring and Related Cost [Abstract]
Restructuring charges													$ 4	$ 3		$ 7
Successor
Restructuring and Related Cost [Abstract]
Restructuring charges		$ 9	$ 2							$ 11
Successor | Androscoggin- Wickliffe Capacity Reduction
Restructuring and Related Cost [Abstract]
Restructuring charges										9
Successor | Androscoggin- Wickliffe Capacity Reduction | Severance and benefit costs
Restructuring and Related Cost [Abstract]
Restructuring charges										5
Successor | Androscoggin- Wickliffe Capacity Reduction | Write-off of purchase obligations and commitments
Restructuring and Related Cost [Abstract]
Restructuring charges										1
Successor | Androscoggin- Wickliffe Capacity Reduction | Other miscellaneous costs
Restructuring and Related Cost [Abstract]
Restructuring charges										$ 3

Restructuring Charges - Changes

Restructuring Charges - Changes in Restructuring Reserve Liabilities (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended		12 Months Ended
	Sep. 30, 2016	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2015
Restructuring Reserve [Roll Forward]
Beginning balance of reserve	$ 2	$ 2	$ 5
Ending balance of reserve		3	2	$ 5
Successor | New Page Holding Inc.
Restructuring Reserve [Roll Forward]
Severance and benefit costs		2
Successor | New Page Holding Inc.
Restructuring Reserve [Roll Forward]
Beginning balance of reserve	2	2
Restructuring payments		(1)	(3)
Ending balance of reserve			2
Successor | Androscoggin- Wickliffe Capacity Reduction
Restructuring Reserve [Roll Forward]
Beginning balance of reserve	6	6	5
Severance and benefit costs	4
Purchase obligations			1
Purchase obligation reserve adjustments			0
Ending balance of reserve			6	5
Successor | Androscoggin- Wickliffe Capacity Reduction | Severance and benefit costs
Restructuring Reserve [Roll Forward]
Restructuring payments			(3)
Successor | Androscoggin- Wickliffe Capacity Reduction | Purchase obligations
Restructuring Reserve [Roll Forward]
Restructuring payments			(1)
Predecessor | New Page Holding Inc.
Restructuring Reserve [Roll Forward]
Beginning balance of reserve				0
Severance and benefit costs			0	16
Restructuring payments				(11)
Predecessor | New Page Holding Inc.
Restructuring Reserve [Roll Forward]
Beginning balance of reserve			5
Ending balance of reserve				5
Predecessor | Androscoggin- Wickliffe Capacity Reduction
Restructuring Reserve [Roll Forward]
Beginning balance of reserve	$ 5	$ 5	7	0
Severance and benefit costs			7	11
Purchase obligations			2	1
Purchase obligation reserve adjustments			(1)	0
Ending balance of reserve			5	7
Predecessor | Androscoggin- Wickliffe Capacity Reduction | Severance and benefit costs
Restructuring Reserve [Roll Forward]
Restructuring payments			(10)	(4)
Predecessor | Androscoggin- Wickliffe Capacity Reduction | Purchase obligations
Restructuring Reserve [Roll Forward]
Restructuring payments			$ 0	$ (1)

RESTRUCTURING CHARGES (Narrativ

RESTRUCTURING CHARGES (Narrative) (Details) T in Thousands, $ in Millions

Jul. 14, 2016USD ($)

Aug. 20, 2015facilityT

Jun. 30, 2016USD ($)

Mar. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Sep. 30, 2015USD ($)

Jun. 30, 2015USD ($)

Mar. 31, 2015USD ($)

Dec. 31, 2016USD ($)T

Jul. 14, 2016USD ($)

Jul. 14, 2016USD ($)

Dec. 31, 2016USD ($)T

Dec. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Mar. 31, 2016USD ($)

Androscoggin- Wickliffe Capacity Reduction

Restructuring Cost and Reserve [Line Items]

Accelerated depreciation

$ 43

$ 58

Severance and benefit costs | Corporate Restructuring

Restructuring Cost and Reserve [Line Items]

Restructuring charges

2

Paper

Restructuring Cost and Reserve [Line Items]

Restructuring charges

Decrease in production capacity | T

430

Pulp

Restructuring Cost and Reserve [Line Items]

Number of Facilities | facility

2

Decrease in production capacity | T

130

Coated groundwood paper

Restructuring Cost and Reserve [Line Items]

Capacity of plant | T

350

350

Specialty paper

Restructuring Cost and Reserve [Line Items]

Capacity of plant | T

55

55

Predecessor

Restructuring Cost and Reserve [Line Items]

Restructuring charges

$ 0

$ 7

$ 144

$ (29)

$ 55

$ 6

$ 22

$ 151

54

$ 135

Predecessor | Androscoggin- Wickliffe Capacity Reduction

Restructuring Cost and Reserve [Line Items]

Restructuring charges

151

$ 172

21

Predecessor | Bucksport Mill Closure in 2014

Restructuring Cost and Reserve [Line Items]

Restructuring charges

12

135

$ 147

Predecessor | Severance and benefit costs | Androscoggin- Wickliffe Capacity Reduction

Restructuring Cost and Reserve [Line Items]

Restructuring charges

10

$ 26

16

Non cash pension expense

$ 4

Predecessor | Severance and benefit costs | Bucksport Mill Closure in 2014

Restructuring Cost and Reserve [Line Items]

Restructuring charges

2

27

$ 29

Predecessor | vrs_SalaryAndBenefitMember [Member] | Androscoggin- Wickliffe Capacity Reduction

Restructuring Cost and Reserve [Line Items]

Restructuring charges

$ 3

1

Predecessor | Paper

Restructuring Cost and Reserve [Line Items]

Restructuring charges

$ 49

$ 135

INCOME TAXES - Summary of Comp

INCOME TAXES - Summary of Components of (Benefit) Provision for Income Taxes (Detail) - USD ($) $ in Thousands	Jul. 14, 2016	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2015	Dec. 31, 2014
Predecessor
Current tax (benefit) provision:
U.S. federal											$ 0	$ 0	$ 0
U.S. state and local											0	0	(1,000)
Current tax (benefit) provision											0	0	(1,000)
Deferred tax (benefit) provision:
U.S. federal											549,000	(136,000)	(112,000)
U.S. state and local											78,000	(37,000)	(14,000)
Deferred tax (benefit) provision											635,000	(173,000)	(126,000)
Valuation allowance											(635,000)	170,000	124,000
Deferred Income Tax Expense (Benefit), Changes to Reorganization											8,000	0	0
Other Comprehensive Income (Loss), Tax											0	0	0
Income tax (benefit) provision	$ 0			$ 0	$ 0	$ (1,000)	$ 0	$ (2,000)	$ 0		$ 0	$ (3,000)	$ (3,000)
Successor
Current tax (benefit) provision:
U.S. federal										$ 0
U.S. state and local										0
Current tax (benefit) provision										0
Deferred tax (benefit) provision:
U.S. federal										(19,000)
U.S. state and local										2,000
Deferred tax (benefit) provision										(17,000)
Valuation allowance										17,000
Deferred Income Tax Expense (Benefit), Changes to Reorganization										0
Other Comprehensive Income (Loss), Tax										(20,000)
Income tax (benefit) provision		$ (20,000)	$ 0							$ (20,000)

INCOME TAXES - Reconciliation

INCOME TAXES - Reconciliation of Income Tax Expense Using Statutory Federal Income Tax Rate Compared with Actual Income Tax Expense (Detail) - USD ($) $ in Thousands	Jul. 14, 2016	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Increase resulting from:
Statutory U.S. Rate												35.00%	35.00%	34.00%
Predecessor
Effective income tax reconciliation
Tax at Statutory U.S. Rate of 35% in 2016 and 2015, and 34% in 2014											$ 412,000		$ (149,000)	$ (121,000)
Increase resulting from:
Reorganization costs and fresh-start accounting											(680,000)		0	0
Allocation of tax to Other Comprehensive Income related to pension and other postretirement benefits.											0		0	0
Federal net operating losses											818,000		0	0
Cancellation of debt income											0		11,000	0
Disallowed interest expense											0		5,000	0
Nondeductible transaction costs											0		(4,000)	9,000
Other expenses											0		1,000	0
Net permanent differences											138,000		13,000	9,000
Valuation allowance											(635,000)		170,000	124,000
Changed to reorganization											8,000		0	0
State income taxes (benefit)											78,000		(37,000)	(15,000)
Other											(1,000)		0	0
Income tax (benefit) provision	$ 0			$ 0	$ 0	$ (1,000)	$ 0	$ (2,000)	$ 0		$ 0		$ (3,000)	$ (3,000)
Successor
Effective income tax reconciliation
Tax at Statutory U.S. Rate of 35% in 2016 and 2015, and 34% in 2014										$ (18,000)
Increase resulting from:
Reorganization costs and fresh-start accounting										0
Allocation of tax to Other Comprehensive Income related to pension and other postretirement benefits.										(20,000)
Cancellation of debt income										0
Disallowed interest expense										0
Nondeductible transaction costs										0
Other expenses										0
Net permanent differences										(20,000)
Valuation allowance										17,000
Changed to reorganization										0
State income taxes (benefit)										2,000
Other										(1,000)
Income tax (benefit) provision		$ (20,000)	$ 0							$ (20,000)

INCOME TAXES - Summary of Sign

INCOME TAXES - Summary of Significant Components of Deferred Tax Position (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Successor
Deferred tax assets:
Net operating loss and credit carryforwards	$ 76
Pension	251
Cancellation of debt income	0
Compensation obligations	25
Inventory reserves/capitalization	43
Capitalized expenses	4
Payment-in-kind interest	0
Intangible assets	0
Other	21
Gross deferred tax assets	420
Less: valuation allowance	(193)
Deferred tax assets, net of allowance	227
Deferred tax liabilities:
Property, plant, and equipment	(207)
Planned major maintenance	0
Cancellation of debt income deferral	(13)
Intangible assets	(4)
Other	(3)
Total deferred tax liabilities	(227)
Net deferred tax liabilities	$ 0
Predecessor
Deferred tax assets:
Net operating loss and credit carryforwards		$ 991
Pension		181
Cancellation of debt income		30
Compensation obligations		24
Inventory reserves/capitalization		18
Capitalized expenses		10
Payment-in-kind interest		10
Intangible assets		5
Other		17
Gross deferred tax assets		1,286
Less: valuation allowance		(811)
Deferred tax assets, net of allowance		475
Deferred tax liabilities:
Property, plant, and equipment		(475)
Planned major maintenance		(5)
Cancellation of debt income deferral		0
Intangible assets		0
Other		(3)
Total deferred tax liabilities		(483)
Net deferred tax liabilities		$ (8)

INCOME TAXES - Additional Info

INCOME TAXES - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Line Items]
Income Tax Expense, Allocated to Other Comprehensive Income		$ 20
Increase in valuation allowance for deferred tax assets		(618)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax		251
Pension Prior Service Liability
Income Taxes [Line Items]
Reduction in income tax benefits		58
Federal
Income Taxes [Line Items]
Operating Loss Carryforward, Net of Attributable Reductions	$ 190	190
Net operating loss carryforwards	2,600	2,600
State
Income Taxes [Line Items]
Operating Loss Carryforward, Net of Attributable Reductions	34	34
Net operating loss carryforwards	1,571	1,571
Predecessor
Income Taxes [Line Items]
Valuation allowance for deferred tax assets			$ 811
Successor
Income Taxes [Line Items]
Federal Income Tax Expense (Benefit), Continuing Operations	(20)
Valuation allowance for deferred tax assets	$ 193	$ 193

INCOME TAXES - Unrecognized Ta

INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2015
Predecessor
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized Tax Benefits	$ 3	$ 3	$ 0
Acquired in NewPage Transaction		0	5
Derecognition of Credits limited by Section 383		0	(2)
Unrecognized Tax Benefits		3	$ 3
Successor
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized Tax Benefits	3
Acquired in NewPage Transaction	0
Derecognition of Credits limited by Section 383	0
Unrecognized Tax Benefits	$ 3	$ 3

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Commitments and Contingencies Disclosure [Line Items]
Supply agreement, description			The agreement requires Expera Specialty Solutions, LLC (formerly named Thilmany, LLC) to pay us a variable charge for the paper purchased and a fixed charge for the availability of the no. 5 paper machine.
Supply agreement expiration date			Jun. 1, 2017
Latest Expiration
Commitments and Contingencies Disclosure [Line Items]
Operating leases, expiration year			2,022
Successor
Commitments and Contingencies Disclosure [Line Items]
Rent expense	$ 4
Predecessor
Commitments and Contingencies Disclosure [Line Items]
Rent expense		$ 6		$ 16	$ 7

Commitments and Contingencie109

Commitments and Contingencies - Schedule of Future Minimum Rental Payments Due Under Non-Cancelable Operating Leases (Detail) $ in Millions	Dec. 31, 2016USD ($)
Future minimum operating lease payments due
2,017	$ 8
2,018	6
2,019	2
2,020	1
2,021	1
Thereafter	1
Total	$ 19

Commitments and Contingencie110

Commitments and Contingencies - Schedule of Unconditional Purchase Obligations (Detail) $ in Millions	Dec. 31, 2016USD ($)
Unconditional purchase obligations, rolling maturity
2,017	$ 47
2,018	42
2,019	38
2,020	34
2,021	5
Thereafter	16
Total	$ 182

New Market Tax Credit Entities

New Market Tax Credit Entities - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 29, 2010	Dec. 31, 2015	Dec. 31, 2010
Variable Interest Entity [Line Items]
Renewable energy project amount				$ 43
Verso Paper Holdings LLC | Variable Interest Entity, Primary Beneficiary | Chase NMTC Verso Investment Fund, LLC
Variable Interest Entity [Line Items]
Put option, anticipated exercise date		2017-12
Tax credit, recapture percentage	100.00%
Chase NMTC Verso Investment Fund, LLC | Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Tax credit, recapture period	7 years
Other non-current liabilities | Predecessor | Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Variable interest entity, consolidated liabilities			$ 8,306
Other non-current liabilities | Successor | Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Variable interest entity, consolidated liabilities	$ 8

Information by Industry Segm112

Information by Industry Segment - Additional Information (Detail) $ in Millions

Jul. 14, 2016USD ($)

Jun. 30, 2016USD ($)

Mar. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Sep. 30, 2015USD ($)

Jun. 30, 2015USD ($)

Mar. 31, 2015USD ($)

Jul. 14, 2016USD ($)

Dec. 31, 2016Segment

Dec. 31, 2016USD ($)

Dec. 31, 2016segment

Dec. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Segment Reporting Information [Line Items]

Number of reporting segments

2

2

Paper

Segment Reporting Information [Line Items]

Restructuring charges

Operating Income (Loss) | Paper

Segment Reporting Information [Line Items]

Restructuring charges

$ 135

Operating Income (Loss) | Pulp

Segment Reporting Information [Line Items]

Restructuring charges

16

Predecessor

Segment Reporting Information [Line Items]

Restructuring charges

$ 0

$ 7

$ 144

$ (29)

$ 55

$ 6

$ 22

$ 151

$ 54

$ 135

Predecessor | Paper

Segment Reporting Information [Line Items]

Restructuring charges

$ 49

$ 135

Information by Industry Segm113

Information by Industry Segment (Detail) - Predecessor - USD ($) $ in Millions	Jul. 14, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Jul. 14, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net sales	$ 97	$ 630	$ 690	$ 756	$ 782	$ 778	$ 806	$ 1,417	$ 3,122	$ 1,297
Operating Income (Loss)								(121)	(155)	(175)
Depreciation, amortization and depletion								100	308	91
Capital Spending								31	64	42
Operating Segments | Paper
Segment Reporting Information [Line Items]
Net sales								1,349	2,914	1,136
Operating Income (Loss)								(104)	(129)	(194)
Depreciation, amortization and depletion								92	278	76
Capital Spending								26	51	32
Operating Segments | Pulp
Segment Reporting Information [Line Items]
Net sales								91	252	161
Operating Income (Loss)								(17)	(26)	19
Depreciation, amortization and depletion								8	30	15
Capital Spending								5	13	10
Intercompany eliminations
Segment Reporting Information [Line Items]
Net sales								$ (23)	$ (44)	$ 0

QUARTERLY DATA (Detail)

QUARTERLY DATA (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Jul. 14, 2016	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2015	Dec. 31, 2014
Condensed Financial Statements, Captions [Line Items]
Selling, general and administrative expenses										$ 11,000
Predecessor
Condensed Financial Statements, Captions [Line Items]
Net sales	$ 97,000			$ 630,000	$ 690,000	$ 756,000	$ 782,000	$ 778,000	$ 806,000		$ 1,417,000	$ 3,122,000	$ 1,297,000
Gross margin	14,000			82,000	72,000	91,000	105,000	121,000	78,000
Cost of products sold	83,000			548,000	618,000	665,000	677,000	657,000	728,000
Depreciation, amortization, and depletion	7,000			45,000	48,000	127,000	60,000	64,000	57,000		100,000	308,000	91,000
Selling, general and administrative expenses	8,000			40,000	47,000	53,000	33,000	46,000	55,000		95,000	187,000	70,000
Restructuring charges	0			7,000	144,000	(29,000)	55,000	6,000	22,000		151,000	54,000	135,000
Other operating expense (income)	0			0	(57,000)	1,000	0	0	0		(57,000)	1,000	0
Interest income	0			0	0	0	0	0	0
Interest expense	2,000			11,000	26,000	69,000	68,000	67,000	66,000		39,000	270,000	142,000
Reorganization items, net	(1,302,000)			12,000	(48,000)	0	0	0	0		(1,338,000)	0	0
Other loss, net	0			0	0	0	0	0	0		0	0	39,000
Income tax benefit	0			0	0	(1,000)	0	(2,000)	0		0	(3,000)	(3,000)
Net income (loss)	$ 1,299,000			$ (33,000)	$ (88,000)	$ (129,000)	$ (111,000)	$ (60,000)	$ (122,000)		$ 1,178,000	$ (422,000)	$ (353,000)
Earnings (loss) per share:
Basic (usd per share)	$ 15.88			$ (0.40)	$ (1.07)	$ (1.58)	$ (1.36)	$ (0.73)	$ (1.53)		$ 14.39	$ (5.19)	$ (6.62)
Diluted (usd per share)	$ 15.88			$ (0.40)	$ (1.07)	$ (1.58)	$ (1.36)	$ (0.73)	$ (1.53)		$ 14.39	$ (5.19)	$ (6.62)
Weighted average shares of common stock outstanding:
Basic (in shares)	81,823			81,828	81,869	81,876	81,842	81,763	79,670		81,847	81,295	53,293
Diluted (in shares)	81,823			81,828	81,869	81,876	81,842	81,763	79,670		81,847	81,295	53,293
Successor
Condensed Financial Statements, Captions [Line Items]
Net sales		$ 646,000	$ 578,000							1,224,000
Gross margin		107,000	19,000
Cost of products sold		539,000	559,000
Depreciation, amortization, and depletion		69,000	24,000							93,000
Selling, general and administrative expenses		26,000	23,000							49,000
Restructuring charges		9,000	2,000							11,000
Other operating expense (income)		6,000	2,000							8,000
Interest income		0	0
Interest expense		9,000	8,000							17,000
Reorganization items, net		0	0							0
Other loss, net		0	0							0
Income tax benefit		(20,000)	0							(20,000)
Net income (loss)		$ 8,000	$ (40,000)							$ (32,000)
Earnings (loss) per share:
Basic (usd per share)		$ 0.23	$ (1.16)							$ (0.93)
Diluted (usd per share)		$ 0.23	$ (1.16)							$ (0.93)
Weighted average shares of common stock outstanding:
Basic (in shares)		34,391	34,391							34,391
Diluted (in shares)		34,391	34,391							34,391
Closing price per share:
High (usd per share)		$ 7.16	$ 12
Low (usd per share)		4.82	5.66
Period-end (usd per share)		$ 7.10	$ 6.45