INDUSTRY SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2019

Segment Reporting Disclosure [Text Block]

International Paper’s business segments, Industrial Packaging, Global Cellulose Fibers and Printing Papers, 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.

Business segment operating profits are used by International Paper's management to measure the earnings performance of its businesses. Management believes that this measure allows a better understanding of trends in costs, operating efficiencies, prices and volumes. Business segment operating profits are defined as earnings (loss) from continuing operations before income taxes and equity earnings, but including the impact of equity earnings and noncontrolling interests, excluding interest expense, net, corporate expenses, net, corporate special items, net and non-operating pension expense.

Sales by business segment for the three months and six months ended June 30, 2019 and 2018 were as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
In millions	2019		2018		2019		2018
Industrial Packaging	$	3,864	$	4,022	$	7,696	$	7,849
Global Cellulose Fibers	661		692		1,350		1,369
Printing Papers	1,088		1,060		2,153		2,113
Corporate and Intersegment Sales	54		59		111		123
Net Sales	$	5,667	$	5,833	$	11,310	$	11,454

Operating profit by business segment for the three months and six months ended June 30, 2019 and 2018 were as follows:



	Three Months Ended June 30,						Six Months Ended June 30,
In millions	2019			2018			2019		2018
Industrial Packaging	$	507		$	537		$	911	$	974
Global Cellulose Fibers	(2		)	66			30		77
Printing Papers	(33		)	94			110		158
Business Segment Operating Profits	472			697			1,051		1,209

Earnings (loss) from continuing operations before income taxes and equity earnings	334			490			752		846
Interest expense, net	122			133			255		268
Noncontrolling interests/equity earnings adjustment	5			(4		)	2		(5		)
Corporate expenses, net	3			30			24		39
Corporate special items, net	—			12			—		21
Non-operating pension expense	8			36			18		40
Business Segment Operating Profits	$	472		$	697		$	1,051	$	1,209