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Consolidated Statement Of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
NET SALES [1] $ 20,580 $ 22,376 $ 23,306
COSTS AND EXPENSES      
Cost of products sold 14,373 15,268 15,555
Selling and administrative expenses 1,520 1,647 1,723
Depreciation, amortization and cost of timber harvested 1,287 1,306 1,328
Distribution expenses 1,551 1,560 1,567
Taxes other than payroll and income taxes 171 170 171
Restructuring and other charges, net 195 57 29
Net (gains) losses on sales and impairments of businesses 465 205 122
Net (gains) losses on sales of equity method investments (35) 0 0
Antitrust fines 0 32 0
Interest expense, net 444 491 536
Non-operating pension (income) expense (41) 36 494
Earnings (loss) from continuing operations before income taxes and equity earnings 650 1,604 1,781
Income tax provision (benefit) 245 634 445
Equity earnings (loss), net of taxes 77 250 336
EARNINGS (LOSS) FROM CONTINUING OPERATIONS 482 1,220 1,672
Discontinued operations, net of taxes 0 0 345
NET EARNINGS (LOSS) 482 1,220 2,017
Less: Net earnings (loss) attributable to noncontrolling interests 0 (5) 5
NET EARNINGS (LOSS) ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY $ 482 $ 1,225 $ 2,012
BASIC EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS      
Earnings (loss) from continuing operations $ 1.23 $ 3.10 $ 4.07
Discontinued operations, net of taxes 0 0 0.84
Net earnings (loss) 1.23 3.10 4.91
DILUTED EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS      
Earnings (loss) from continuing operations 1.22 3.07 4.02
Discontinued operations, net of taxes 0 0 0.83
Net earnings (loss) $ 1.22 $ 3.07 $ 4.85
[1] Net sales are attributed to countries based on the location of the seller.