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Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]  
Net Periodic Pension Expense For Qualified And Nonqualified U.S. Defined Benefit Plans [Table Text Block]
Net periodic pension expense for qualified and nonqualified U.S. and non-U.S. defined benefit plans comprised the following: 
  
 
2013

 
2012

 
2011

In millions
U.S.
Plans

Non-
U.S.
Plans

U.S.
Plans

Non-
U.S.
Plans

U.S.
Plans

Non-
U.S.
Plans

Service cost
$
188

$
4

$
152

$
3

$
121

$
2

Interest cost
576

11

604

12

544

12

Expected return on plan assets
(738
)
(11
)
(753
)
(12
)
(713
)
(12
)
Actuarial loss / (gain)
485

1

307


212


Amortization of prior service cost
34


32


31


Settlement gain





(1
)
Net periodic pension expense
$
545

$
5

$
342

$
3

$
195

$
1

Pension Allocations By Type Of Fund And Target Allocations [Table Text Block]
International Paper’s U.S. pension allocations by type of fund at December 31, and target allocations were as follows:
Asset Class
2013

2012

Target
Allocations
Equity accounts
49
%
41
%
42% - 53%
Fixed income accounts
32
%
38
%
30% - 40%
Real estate accounts
10
%
10
%
6% - 12%
Other
9
%
11
%
3% - 15%
Total
100
%
100
%
 
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) [Table Text Block]
he fair value measurements using significant unobservable inputs (Level 3) at December 31, 2013 were as follows:

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)

In millions
Equities-
Domestic

Other
Fixed
Income

Hedge
Funds

Private
Equity

Real
Estate

Derivatives

Total

Beginning balance at December 31, 2012
$
3

$
8

$
492

$
503

$
1,037

$
354

$
2,397

Actual return on plan assets:
 
 
 
 
 
 
 
Relating to assets still held at the reporting date
(1
)
1

11

41

62

(20
)
94

Relating to assets sold during the period
2


47

1

32

137

219

Purchases, sales and settlements
(3
)

281

(61
)
(93
)
(158
)
(34
)
Transfers in and/or out of Level 3

1





1

Ending balance at December 31, 2013
$
1

$
10

$
831

$
484

$
1,038

$
313

$
2,677

Retirement Plans [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule Of Net Funded Status [Table Text Block]
  
2013
 
2012
 
In millions
U.S.
Plans

Non-
U.S.
Plans

U.S.
Plans

Non-
U.S.
Plans

Change in projected benefit obligation:
 
 
 
 
Benefit obligation, January 1
$
14,201

$
223

$
10,555

$
183

Service cost
188

4

152

3

Interest cost
576

11

604

12

Curtailments
(14
)



Settlements
(5
)
(4
)

(3
)
Actuarial loss (gain)
(1,309
)

1,923

30

Acquisitions

3

1,749

3

Plan amendments


20


Special termination benefits
8




Benefits paid
(742
)
(8
)
(802
)
(8
)
Effect of foreign currency exchange rate movements

(1
)

3

Benefit obligation, December 31
$
12,903

$
228

$
14,201

$
223

Change in plan assets:
 
 
 
 
Fair value of plan assets
$
10,111

$
171

$
8,185

$
155

Actual return on plan assets
1,283

15

1,183

18

Company contributions
59

8

139

8

Benefits paid
(742
)
(8
)
(802
)
(8
)
Settlements
(5
)
(4
)

(3
)
Acquisitions


1,406


Effect of foreign currency exchange rate movements

(1
)

1

Fair value of plan assets, December 31
$
10,706

$
181

$
10,111

$
171

Funded status, December 31
$
(2,197
)
$
(47
)
$
(4,090
)
$
(52
)
Amounts recognized in the consolidated balance sheet:
 
 
 
 
Non-current asset
$

$
9

$

$
4

Current liability
(46
)
(2
)
(32
)
(2
)
Non-current liability
(2,151
)
(54
)
(4,058
)
(54
)
 
$
(2,197
)
$
(47
)
$
(4,090
)
$
(52
)
Schedule Of Amounts In Accumulated Other Comprehensive Income [Table Text Block]
Amounts recognized in accumulated other comprehensive income under ASC 715 (pre-tax):
 
 
 
 
Prior service cost
$
107

$

$
144

$

Net actuarial loss
3,285

29

5,640

34

 
$
3,392

$
29

$
5,784

$
34

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]
The following table summarizes information for pension plans with an accumulated benefit obligation in excess of plan assets at December 31, 2013 and 2012: 
  
2013
 
2012
 
In millions
U.S.
Plans

Non-U.S.
Plans

U.S.
Plans

Non-U.S.
Plans

Projected benefit obligation
$
12,903

$
181

$
14,201

$
200

Accumulated benefit obligation
12,560

168

13,772

188

Fair value of plan assets
10,706

125

10,111

143

Pension Benefit Adjustments Recognized In Other Comprehensive (Loss) Income [Table Text Block]
The components of the $2.4 billion and $5 million decrease related to U.S. plans and non-U.S. plans, respectively, in the amounts recognized in OCI during 2013 consisted of: 
In millions
U.S.
Plans

Non-
U.S.
Plans

Current year actuarial (gain) loss
$
(1,854
)
$
(4
)
Amortization of actuarial loss
(485
)
(1
)
Current year prior service cost


Amortization of prior service cost
(34
)

Curtailments
(19
)

 
$
(2,392
)
$
(5
)
Schedule of Assumptions Used [Table Text Block]
Major actuarial assumptions used in determining the benefit obligations and net periodic pension cost for our defined benefit plans are presented in the following table:
  
2013
 
2012
 
2011
 
  
U.S.
Plans

Non-
U.S.
Plans

U.S.
Plans

Non-
U.S.
Plans

U.S.
Plans

Non-
U.S.
Plans

Actuarial assumptions used to determine benefit obligations as of December 31:
 
 
 
 
 
 
Discount rate
4.90
%
5.07
%
4.10
%
4.96
%
5.10
%
5.98
%
Rate of compensation increase
3.75
%
4.13
%
3.75
%
3.17
%
3.75
%
3.12
%
Actuarial assumptions used to determine net periodic pension cost for years ended December 31:
 
 
 
 
 
 
Discount rate
4.10
%
4.96
%
5.10
%
5.98
%
5.60
%
6.01
%
Expected long-term rate of return on plan assets (a)
8.00
%
7.04
%
8.00
%
7.62
%
8.25
%
7.79
%
Rate of compensation increase
3.75
%
3.17
%
3.75
%
3.12
%
3.75
%
3.07
%
 
(a)
Represents the expected rate of return for International Paper's qualified pension plan. The weighted average rate for the Temple-Inland Retirement Plan was
Effect Of A 25 Basis Point Decrease On Net Pension Expense [Table Text Block]
The following illustrates the effect on pension expense for 2014 of a 25 basis point decrease in the above assumptions: 
In millions
2014

Expense/(Income):
 
Discount rate
$
35

Expected long-term rate of return on plan assets
25

Rate of compensation increase
(5
)
Schedule of Allocation of Plan Assets [Table Text Block]
Fair Value Measurement at December 31, 2013
Asset Class
Total

Quoted
Prices
in
Active
Markets
For
Identical
Assets
(Level 1)

Significant
Observable
Inputs
(Level 2)

Significant
Unobservable
Inputs
(Level 3)

In millions
  
  
  
  
Equities – domestic
$
2,466

$
1,175

$
1,290

$
1

Equities – international
2,313

1,470

843


Corporate bonds
1,248


1,248


Government securities
1,097


1,097


Mortgage backed securities
143


143


Other fixed income
74

(1
)
65

10

Commodities
193


193


Hedge funds
831



831

Private equity
484



484

Real estate
1,038



1,038

Derivatives
313



313

Cash and cash equivalents
506

(10
)
516


Total Investments
$
10,706

$
2,634

$
5,395

$
2,677

 
Fair Value Measurement at December 31, 2012
Asset Class
Total

Quoted
Prices in
Active
Markets
For
Identical
Assets
(Level 1)

Significant
Observable
Inputs
(Level 2)

Significant
Unobservable
Inputs
(Level 3)

In millions
  
  
  
  
Equities – domestic
$
2,171

$
1,241

$
927

$
3

Equities – international
1,513

1,145

368


Common collective funds – fixed income
180


180


Corporate bonds
1,539


1,539


Government securities
1,593


1,593


Mortgage backed securities
127


127


Other fixed income
75


67

8

Commodities
216


216


Hedge funds
492



492

Private equity
503



503

Real estate
1,037



1,037

Derivatives
354



354

Cash and cash equivalents
311

(15
)
326


Total Investments
$
10,111

$
2,371

$
5,343

$
2,397

Projected Future Pension Benefit Payments, Excluding Any Termination Benefits [Table Text Block]
At December 31, 2013, projected future pension benefit payments, excluding any termination benefits, were as follows: 
In millions
  
2014
$
767

2015
759

2016
767

2017
779

2018
791

2019 – 2023
4,165