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Interim Financial Results (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]                      
NET SALES $ 5,943us-gaap_SalesRevenueNet $ 6,051us-gaap_SalesRevenueNet $ 5,899us-gaap_SalesRevenueNet $ 5,724us-gaap_SalesRevenueNet $ 5,848us-gaap_SalesRevenueNet $ 5,975us-gaap_SalesRevenueNet $ 5,944us-gaap_SalesRevenueNet $ 5,716us-gaap_SalesRevenueNet $ 23,617us-gaap_SalesRevenueNet [1] $ 23,483us-gaap_SalesRevenueNet [1] $ 21,852us-gaap_SalesRevenueNet [1]
Gross margin (a) 1,838us-gaap_GrossProfit [2] 1,996us-gaap_GrossProfit [2] 1,839us-gaap_GrossProfit [2] 1,690us-gaap_GrossProfit [2] 1,808us-gaap_GrossProfit [2] 1,927us-gaap_GrossProfit [2] 1,757us-gaap_GrossProfit [2] 1,709us-gaap_GrossProfit [2] 7,363us-gaap_GrossProfit [2] 7,201us-gaap_GrossProfit [2]  
Earnings (loss) from continuing operations before income taxes and equity earnings 307us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments [3] 552us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments [4] 152us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments [5] (139)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments [6] 239us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments [7] 403us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments [8] 359us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments [9] 227us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments [10] 872us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments [3],[4],[5],[6] 1,228us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments [10],[7],[8],[9] 967us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Gain (loss) from discontinued operations, net of taxes (9)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity [11] 16us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity [12] (13)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity [13] (7)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity [14] (359)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity [15] (5)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity [16] 27us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity [17] 28us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity [18] (13)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity [11],[12],[13],[14] (309)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity [15],[16],[17],[18] 77us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net earnings (loss) attributable to International Paper Company $ 134us-gaap_NetIncomeLoss [11],[19],[3] $ 355us-gaap_NetIncomeLoss [12],[4] $ 161us-gaap_NetIncomeLoss [13],[5] $ (95)us-gaap_NetIncomeLoss [14],[20],[6] $ 436us-gaap_NetIncomeLoss [15],[21],[22],[7] $ 382us-gaap_NetIncomeLoss [16],[23],[8] $ 259us-gaap_NetIncomeLoss [17],[9] $ 318us-gaap_NetIncomeLoss [10],[18],[24] $ 555us-gaap_NetIncomeLoss [11],[12],[13],[14],[19],[20],[3],[4],[5],[6] $ 1,395us-gaap_NetIncomeLoss [10],[15],[16],[17],[18],[21],[22],[23],[24],[7],[8],[9] $ 794us-gaap_NetIncomeLoss
Earnings (loss) from continuing operations, per basic share $ 0.34us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [3] $ 0.80us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [4] $ 0.40us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [5] $ (0.20)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [6] $ 1.80us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [7] $ 0.87us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [8] $ 0.52us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [9] $ 0.66us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [10] $ 1.33us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [3],[4],[5],[6] $ 3.85us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [10],[7],[8],[9] $ 1.65us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Gain (loss) from discontinued operations $ (0.02)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [11] $ 0.04us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [12] $ (0.03)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [13] $ (0.01)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [14] $ (0.81)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [15] $ (0.01)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [16] $ 0.06us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [17] $ 0.06us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [18] $ (0.03)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [11],[12],[13],[14] $ (0.70)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [15],[16],[17],[18] $ 0.17us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net earning (loss) attributable to International Paper Company common shareholders, per basic share $ 0.32us-gaap_EarningsPerShareBasic [11],[19],[3] $ 0.84us-gaap_EarningsPerShareBasic [12],[4] $ 0.37us-gaap_EarningsPerShareBasic [13],[5] $ (0.21)us-gaap_EarningsPerShareBasic [14],[20],[6] $ 0.99us-gaap_EarningsPerShareBasic [15],[21],[22],[7] $ 0.86us-gaap_EarningsPerShareBasic [16],[23],[8] $ 0.58us-gaap_EarningsPerShareBasic [17],[9] $ 0.72us-gaap_EarningsPerShareBasic [10],[18],[24] $ 1.30us-gaap_EarningsPerShareBasic [11],[12],[13],[14],[19],[20],[3],[4],[5],[6] $ 3.15us-gaap_EarningsPerShareBasic [10],[15],[16],[17],[18],[21],[22],[23],[24],[7],[8],[9] $ 1.82us-gaap_EarningsPerShareBasic
Diluted earnings (loss) per share from continuing operations $ 0.34us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [3] $ 0.79us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [4] $ 0.40us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [5] $ (0.20)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [6] $ 1.78us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [7] $ 0.86us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [8] $ 0.52us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [9] $ 0.65us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [10] $ 1.31us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [3],[4],[5],[6] $ 3.80us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [10],[7],[8],[9] $ 1.63us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Gain (loss) from discontinued operations $ (0.02)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [11] $ 0.04us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [12] $ (0.03)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [13] $ (0.01)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [14] $ (0.80)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [15] $ (0.01)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [16] $ 0.05us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [17] $ 0.06us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [18] $ (0.02)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [11],[12],[13],[14] $ (0.69)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [15],[16],[17],[18] $ 0.17us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net earning (loss) attributable to International Paper Company common shareholders, per diluted share $ 0.32us-gaap_EarningsPerShareDiluted [11],[19],[3] $ 0.83us-gaap_EarningsPerShareDiluted [12],[4] $ 0.37us-gaap_EarningsPerShareDiluted [13],[5] $ (0.21)us-gaap_EarningsPerShareDiluted [14],[20],[6] $ 0.98us-gaap_EarningsPerShareDiluted [15],[21],[22],[7] $ 0.85us-gaap_EarningsPerShareDiluted [16],[23],[8] $ 0.57us-gaap_EarningsPerShareDiluted [17],[9] $ 0.71us-gaap_EarningsPerShareDiluted [10],[18],[24] $ 1.29us-gaap_EarningsPerShareDiluted [11],[12],[13],[14],[19],[20],[3],[4],[5],[6] $ 3.11us-gaap_EarningsPerShareDiluted [10],[15],[16],[17],[18],[21],[22],[23],[24],[7],[8],[9] $ 1.80us-gaap_EarningsPerShareDiluted
Dividends per share of common stock $ 0.4000us-gaap_CommonStockDividendsPerShareCashPaid $ 0.3500us-gaap_CommonStockDividendsPerShareCashPaid $ 0.3500us-gaap_CommonStockDividendsPerShareCashPaid $ 0.3500us-gaap_CommonStockDividendsPerShareCashPaid $ 0.3500us-gaap_CommonStockDividendsPerShareCashPaid $ 0.3000us-gaap_CommonStockDividendsPerShareCashPaid $ 0.3000us-gaap_CommonStockDividendsPerShareCashPaid $ 0.3000us-gaap_CommonStockDividendsPerShareCashPaid $ 1.4500us-gaap_CommonStockDividendsPerShareCashPaid $ 1.2500us-gaap_CommonStockDividendsPerShareCashPaid  
Common stock prices, High $ 55.73ip_StockPriceUpperLimitDuringPeriod $ 51.98ip_StockPriceUpperLimitDuringPeriod $ 50.65ip_StockPriceUpperLimitDuringPeriod $ 49.71ip_StockPriceUpperLimitDuringPeriod $ 49.52ip_StockPriceUpperLimitDuringPeriod $ 50.33ip_StockPriceUpperLimitDuringPeriod $ 49.10ip_StockPriceUpperLimitDuringPeriod $ 47.25ip_StockPriceUpperLimitDuringPeriod $ 55.73ip_StockPriceUpperLimitDuringPeriod $ 50.33ip_StockPriceUpperLimitDuringPeriod  
Common stock prices, Low $ 44.50ip_StockPriceLowerLimitDuringPeriod $ 46.77ip_StockPriceLowerLimitDuringPeriod $ 44.24ip_StockPriceLowerLimitDuringPeriod $ 44.43ip_StockPriceLowerLimitDuringPeriod $ 42.92ip_StockPriceLowerLimitDuringPeriod $ 43.95ip_StockPriceLowerLimitDuringPeriod $ 42.36ip_StockPriceLowerLimitDuringPeriod $ 39.47ip_StockPriceLowerLimitDuringPeriod $ 44.24ip_StockPriceLowerLimitDuringPeriod $ 39.47ip_StockPriceLowerLimitDuringPeriod  
[1] Net sales are attributed to countries based on the location of the seller.
[2] Gross margin represents net sales less cost of products sold, excluding depreciation, amortization and cost of timber harvested.
[3] Includes a charge of $100 million (before and after taxes) for a goodwill impairment charge related to our Asian Industrial Packaging business, a charge of $1 million (before and after taxes) for integration costs associated with the acquisition of Temple-Inland, a pre-tax charge of $7 million ($4 million after taxes) for costs associated with the shutdown of our Courtland mill, a pre-tax charge of $4 million ($3 million after taxes) for integration costs associated with our Brazil Packaging business, a pre-tax charge of $47 million ($36 million after taxes) for a loss on the sale of a business by ASG in which we hold an investment, and the resulting impairment of our ASG investment, a pre-tax gain of $9 million ($5 million after taxes) related to the sale of an investment, and a net pre-tax charge of $5 million ($3 million after taxes) for other items.
[4] Includes a pre-tax charge of $5 million ($3 million after taxes) for a refund of previously claimed state tax credits, a gain of $20 million (before and after taxes) for the resolution of a legal contingency in India, a pre-tax charge of $35 million ($21 million after taxes) for costs associated with a multi-employer pension plan withdrawal liability, a pre-tax charge of $32 million ($17 million after taxes) for costs associated with a foreign tax amnesty program, a pre-tax charge of $13 million ($8 million after taxes) for debt extinguishment costs, a pre-tax charge of $3 million ($2 million after taxes) for costs associated with the shutdown of our Courtland mill, a charge of $1 million (before and after taxes) for integration costs associated with the acquisition of Temple-Inland, a pre-tax charge of $5 million ($3 million after taxes) for costs associated with the restructuring of the Company's Packaging business in Europe, and a net pre-tax loss of $3 million ($2 million after taxes) for other items.
[5] Includes a pre-tax charge of $2 million ($1 million after taxes) for integration costs associated with the acquisition of Temple-Inland, a pre-tax charge of $262 million ($160 million after taxes) for debt extinguishment costs, a pre-tax charge of $49 million ($30 million after taxes) for costs associated with the shutdown of our Courtland mill, a pre-tax gain of $7 million ($5 million after taxes) associated with our Brazil Packaging business and net charges of $3 million (before and after taxes) for other items.
[6] Includes a pre-tax charge of $12 million ($7 million after taxes) for integration costs associated with the acquisition of Temple-Inland, a pre-tax charge of $495 million ($302 million after taxes) for costs associated with the shutdown of our Courtland mill, and a pre-tax charge of $4 million ($3 million after taxes) for other items.
[7] Includes a pre-tax charge of $12 million ($7 million after taxes) for integration costs associated with the acquisition of Temple-Inland, a pre-tax charge of $67 million ($41 million after taxes) for costs associated with the shutdown of our Courtland mill, a pre-tax charge of $4 million ($3 million after taxes) for costs associated with the restructuring of the Asia Box operations, a pre-tax charge of $127 million ($122 million after taxes) for the impairment of goodwill and a trade name intangible asset of the Company's India Papers business, a pre- tax charge of $2 million ($1 million after taxes) for an adjustment associated with the Company's divestiture of the Shorewood operations, and a net pre-tax gain of $2 million ($0 million after taxes) for other items.
[8] Includes a pre-tax charge of $24 million ($15 million after taxes) for integration costs associated with the acquisition of Temple-Inland, a pre-tax charge of $51 million ($31 million after taxes) for costs associated with the shutdown of our Courtland mill, a pre-tax charge of $15 million ($9 million after taxes) for debt extinguishment costs, a pre-tax gain of $9 million ($6 million after taxes) associated with the sale of the Bellevue box plant facility which was closed in 2010, a pre-tax charge of $1 million ($0 million after taxes) for costs associated with the divestiture of three containerboard mills in 2012 and charges of $2 million (before and after taxes) for other items.
[9] Includes a pre-tax charge of $6 million ($4 million after taxes) for an environmental reserve related to the Company's property in Cass Lake, Minnesota, a pre-tax charge of $14 million ($8 million after taxes) for integration costs associated with the acquisition of Temple-Inland, a pre-tax charge of $9 million ($5 million after taxes) to adjust the value of two Company airplanes to market value, a pre-tax gain of $30 million ($19 million after taxes) for insurance reimbursements related to the 2012 Guaranty Bank legal settlement, a pre-tax charge of $3 million ($2 million after taxes) for debt extinguishment costs, a gain of $13 million (before and after taxes) related to a bargain purchase adjustment on the first-quarter 2013 acquisition of a majority share of our operations in Turkey, and charges of $3 million (before and after taxes) for other items.
[10] Includes a pre-tax charge of $12 million ($8 million after taxes) for integration costs associated with the acquisition of Temple-Inland, a pre-tax charge of $44 million ($27 million after taxes) for costs associated with the permanent shutdown of a paper machine at our Augusta mill, a pre-tax charge of $6 million ($4 million after taxes) for debt extinguishment costs, interest income of $6 million ($4 million after taxes) related to the closing of a U.S. federal income tax audit, and pre-tax charges of $2 million ($1 million after taxes) for other items.
[11] Includes a pre-tax loss of $14 million ($9 million after taxes) related to the Building Products divestiture.
[12] Includes a net pre-tax gain of $11 million ($14 million after taxes) for the recovery of costs related to the spin-off of the xpedx business and a $2 million tax benefit associated with the Building Products divestiture.
[13] Includes the operating earnings of the xpedx business, a pre-tax charge of $18 million ($20 million after taxes) for costs associated with the spin-off of our xpedx operations, and a gain of $1 million (before and after taxes) related to the xpedx restructuring.
[14] Includes the operating earnings of the xpedx business, a pre-tax charge of $16 million ($10 million after taxes) for costs associated with the spin-off of the xpedx operations, a pre-tax charge of $2 million ($0 million after taxes) for costs associated with the restructuring of our xpedx operations and a charge of $2 million (before and after taxes) for costs associated with the Building Products divestiture.
[15] Includes the operating earnings of the xpedx business, a pre-tax charge of $8 million ($5 million after taxes) for costs associated with the spin-off of the xpedx operations, a pre-tax charge of $400 million ($366 million after taxes) for the impairment of goodwill in the Company's xpedx business, a net pre-tax loss of $2 million ($1 million after taxes) for costs associated with the restructuring of the xpedx operations, and a pre-tax gain of $18 million ($6 million after taxes) related to the Building Products divestiture.
[16] Includes the operating earnings of the xpedx business, a pre-tax charge of $6 million ($4 million after taxes) for costs associated with the restructuring of our xpedx operations, a pre-tax charge of $11 million ($7 million after taxes) for costs associated with the spin-off of the xpedx operations, and a pre-tax charge of $24 million ($15 million after taxes) for costs associated with the Building Products divestiture.
[17] Includes the operating earnings of the xpedx and Building Products businesses, a pre-tax charge of $17 million ($10 million after taxes) for costs associated with the restructuring of our xpedx operations, a pre-tax charge of $3 million ($2 million after taxes) for costs associated with the spin-off of the xpedx operations, and a pre-tax charge of $13 million ($8 million after taxes) for costs associated with the divestiture of Building Products.
[18] Includes the operating earnings of the xpedx and Building Products businesses, a pre-tax charge of $7 million ($4 million after taxes) for costs associated with the restructuring of our xpedx operations, and a pretax charge of $4 million ($3 million after taxes) for costs associated with the Building Products divestiture.
[19] Includes a tax benefit of $90 million associated with internal restructuring.
[20] Includes a tax expense of $10 million associated with a state legislative change and a tax benefit of $1 million for other items.
[21] Includes a tax benefit of $651 million associated with the closing of a U.S. federal tax audit and a net tax benefit of $3 million for other items.
[22] Includes pre-tax noncontrolling interest income of $4 million ($3 million after taxes) associated with the write-off of a trade name intangible asset in our India Papers business.
[23] Includes a tax benefit of $31 million for an income tax reserve release. In addition, the third quarter tax rate includes a $30 million benefit related to the adjustment of the tax basis in certain of the Company's fixed assets.
[24] Includes a tax benefit of $93 million associated with the closing of a U.S. federal income tax audit and a net tax expense of $2 million related to internal restructurings. In addition, the first quarter tax rate includes a benefit of approximately $35 million related to the enactment into law of The American Taxpayer Relief Act of 2012 in January 2013.