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INDUSTRY SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
INDUSTRY SEGMENT INFORMATION
International Paper’s industry segments, Industrial Packaging, Printing Papers, and Consumer Packaging are consistent with the internal structure used to manage these businesses. All segments are differentiated on a common product, common customer basis consistent with the business segmentation generally used in the Forest Products industry.
The Company also has a 50% equity interest in Ilim in Russia that is a separate reportable industry segment. The Company recorded equity earnings (losses), net of taxes, of $62 million and $39 million for the three months ended March 31, 2016 and 2015, respectively, for Ilim. At March 31, 2016 and December 31, 2015, the Company's investment in Ilim was $234 million and $172 million, respectively, which was $164 million and $161 million, respectively, more than the Company's proportionate share of the joint venture's underlying net assets. The differences primarily relate to purchase price fair value adjustments and currency translation adjustments. The Company is party to a joint marketing agreement with Ilim, under which the Company purchases, markets and sells paper produced by Ilim. Purchases under this agreement were $39 million and $43 million for the three months ended March 31, 2016 and 2015, respectively.

Sales by industry segment for the three months ended March 31, 2016 and 2015 were as follows: 
 
Three Months Ended
March 31,
 
In millions
2016
 
2015
 
Industrial Packaging
$
3,452

 
$
3,553

 
Printing Papers
1,184

 
1,228

 
Consumer Packaging
495

 
778

 
Corporate and Intersegment Sales
(21
)
 
(42
)
 
Net Sales
$
5,110

 
$
5,517

 


Operating profit by industry segment for the three months ended March 31, 2016 and 2015 were as follows: 
 
Three Months Ended
March 31,
 
In millions
2016
 
2015
 
Industrial Packaging
$
396

(a)
$
468


Printing Papers
85

 
109


Consumer Packaging
16

(b)
46


Operating Profit
497

  
623

  
Interest expense, net
(123
)
 
(137
)
 
Noncontrolling interests/equity earnings adjustment (c)
—

  
1

  
Corporate items, net
(21
)
 
(9
)
 
Restructuring and other charges
8

 
—

 
Non-operating pension expense
(44
)
 
(72
)
 
Earnings (loss) from continuing operations before income taxes and equity earnings
$
317

  
$
406

  
Equity earnings (loss), net of taxes – Ilim
$
62

 
$
39

  
 
(a)
Includes a charge of $37 million for the three months ended March 31, 2016 for the impairment of the assets of our corrugated packaging business in Asia and costs associated with the announced definitive agreement to sell the business.
(b)
Includes a charge of $9 million for the three months ended March 31, 2016 for costs associated with the Riegelwood mill conversion to 100% pulp production.
(c)
Operating profits for industry segments include each segment's percentage share of the profits of subsidiaries included in that segment that are less than wholly owned. The pre-tax noncontrolling interest and equity earnings for these subsidiaries are adjusted here to present consolidated earnings before income taxes and equity earnings.