(State or other jurisdiction of incorporation) | (I.R.S. Employer Identification No.) | ||||
(Address of Principal Executive Offices) | (Zip Code) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Exhibit Number | Description | |||||||
99.1 | Press Release of International Paper Company dated April 29, 2021 |
Exhibit Number | Description | |||||||
99.1 | ||||||||
101 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |||||||
104 | The cover page from this Current Report on Form 8-K, formatted as Inline XBRL. |
International Paper Company | ||||||||||||||
Date: | April 29, 2021 | By: | /s/ Vincent P. Bonnot | |||||||||||
Name: | Vincent P. Bonnot | |||||||||||||
Title: | Vice President - Finance and Controller |
First Quarter 2021 | Fourth Quarter 2020 | First Quarter 2020 | ||||||||||||||||||
Net Earnings (Loss) Attributable to International Paper | $ | 0.88 | $ | 0.39 | $ | (0.36) | ||||||||||||||
Add Back – Non-Operating Pension Expense (Income) | (0.10) | (0.02) | (0.01) | |||||||||||||||||
Add Back – Net Special Items Expense (Income) | (0.02) | 0.38 | 0.94 | |||||||||||||||||
Adjusted Operating Earnings* | $ | 0.76 | $ | 0.75 | $ | 0.57 |
(In millions) | First Quarter 2021 | Fourth Quarter 2020 | First Quarter 2020 | ||||||||||||||||||||
Net Sales | $ | 5,363 | $ | 5,239 | $ | 5,352 | |||||||||||||||||
Net Earnings (Loss) Attributable to International Paper | 349 | 153 | (141) | ||||||||||||||||||||
Business Segment Operating Profit | 445 | 397 | 512 | ||||||||||||||||||||
Adjusted Operating Earnings | 299 | 296 | 226 | ||||||||||||||||||||
Cash Provided By (Used For) Operations | 512 | 789 | 649 | ||||||||||||||||||||
Free Cash Flow* | 423 | 695 | 363 |
(In millions) | First Quarter 2021 | Fourth Quarter 2020 | First Quarter 2020 | |||||||||||||||||
Net Sales by Business Segment | ||||||||||||||||||||
Industrial Packaging | $ | 3,953 | $ | 3,813 | $ | 3,819 | ||||||||||||||
Global Cellulose Fibers | 581 | 582 | 568 | |||||||||||||||||
Printing Papers | 781 | 802 | 908 | |||||||||||||||||
Corporate and Inter-segment Sales | 48 | 42 | 57 | |||||||||||||||||
Net Sales | $ | 5,363 | $ | 5,239 | $ | 5,352 | ||||||||||||||
Operating Profit (Loss) by Business Segment | ||||||||||||||||||||
Industrial Packaging | $ | 447 | $ | 431 | $ | 470 | ||||||||||||||
Global Cellulose Fibers | (82) | (114) | (54) | |||||||||||||||||
Printing Papers | 80 | 80 | 96 | |||||||||||||||||
Total Business Segment Operating Profit | $ | 445 | $ | 397 | $ | 512 |
First Quarter 2021 | Fourth Quarter 2020 | First Quarter 2020 | ||||||||||||||||||||||||||||||||||||
(In millions) | Before Tax | After Tax | Before Tax | After Tax | Before Tax | After Tax | ||||||||||||||||||||||||||||||||
Restructuring and other charges, net: | ||||||||||||||||||||||||||||||||||||||
Debt extinguishment costs | $ | 18 | $ | 14 | $ | 65 | $ | 49 | $ | 8 | $ | 6 | ||||||||||||||||||||||||||
EMEA Packaging business optimization | 12 | 10 | — | — | — | — | ||||||||||||||||||||||||||||||||
Other | — | — | (1) | (1) | — | — | ||||||||||||||||||||||||||||||||
Total restructuring and other charges, net | 30 | 24 | 64 | 48 | 8 | 6 | ||||||||||||||||||||||||||||||||
Printing Papers spin-off / Build a Better IP | 25 | 20 | 9 | 8 | — | — | ||||||||||||||||||||||||||||||||
EMEA Packaging impairment - Turkey | 2 | 2 | 123 | 123 | — | — | ||||||||||||||||||||||||||||||||
Brazil Packaging impairment | — | — | — | — | 344 | 337 | ||||||||||||||||||||||||||||||||
Environmental remediation reserve adjustment | — | — | — | — | 41 | 31 | ||||||||||||||||||||||||||||||||
India transaction | — | — | — | — | 17 | 17 | ||||||||||||||||||||||||||||||||
Abandoned property removal | — | — | — | — | 9 | 7 | ||||||||||||||||||||||||||||||||
Gain on sale of portion of equity investment in Graphic Packaging | (74) | (56) | — | — | (33) | (25) | ||||||||||||||||||||||||||||||||
Foreign value-added tax refund accrual | — | — | — | — | (3) | (2) | ||||||||||||||||||||||||||||||||
Other | — | — | 5 | 4 | 1 | 1 | ||||||||||||||||||||||||||||||||
Tax benefit related to settlement of tax audits | — | — | — | (32) | — | — | ||||||||||||||||||||||||||||||||
Total special items, net | $ | (17) | $ | (10) | $ | 201 | $ | 151 | $ | 384 | $ | 372 |
Three Months Ended March 31, | Three Months Ended December 31, | |||||||||||||||||||
2021 | 2020 | 2020 | ||||||||||||||||||
Net Sales | $ | 5,363 | $ | 5,352 | $ | 5,239 | ||||||||||||||
Costs and Expenses | ||||||||||||||||||||
Cost of products sold | 3,847 | 3,746 | (e) | 3,659 | (e) | |||||||||||||||
Selling and administrative expenses | 361 | (a) | 418 | 410 | (a) | |||||||||||||||
Depreciation, amortization and cost of timber harvested | 309 | 323 | (f) | 332 | ||||||||||||||||
Distribution expenses | 406 | 407 | 402 | |||||||||||||||||
Taxes other than payroll and income taxes | 44 | 44 | 42 | |||||||||||||||||
Restructuring and other charges, net | 30 | (b) | 8 | (b) | 64 | (b) | ||||||||||||||
Net (gains) losses on sales and impairments of businesses | 2 | (c) | 344 | (c) | 118 | (c) | ||||||||||||||
Net (gains) losses on sales of equity method investments | (74) | (d) | (33) | (d) | — | |||||||||||||||
Interest expense, net | 92 | 117 | (g) | 99 | ||||||||||||||||
Non-operating pension expense (income) | (53) | (6) | (10) | |||||||||||||||||
Earnings (Loss) Before Income Taxes and Equity Earnings | 399 | (16) | 123 | |||||||||||||||||
Income tax provision (benefit) | 99 | 94 | 34 | (h) | ||||||||||||||||
Equity earnings (loss), net of taxes | 49 | (31) | 64 | |||||||||||||||||
Net Earnings (Loss) Attributable to International Paper Company | $ | 349 | $ | (141) | $ | 153 | ||||||||||||||
Basic Earnings Per Common Share Attributable to International Paper Common Shareholders | ||||||||||||||||||||
Net earnings (loss) | $ | 0.89 | $ | (0.36) | $ | 0.39 | ||||||||||||||
Diluted Earnings Per Common Share Attributable to International Paper Common Shareholders | ||||||||||||||||||||
Net earnings (loss) | $ | 0.88 | $ | (0.36) | $ | 0.39 | ||||||||||||||
Average Shares of Common Stock Outstanding - Diluted | 394.8 | 392.6 | 395.9 |
(a) | Includes pre-tax charges of $25 million ($20 million after taxes) and $9 million ($8 million after taxes) for the three months ended March 31, 2021 and December 31, 2020, respectively, for costs associated with the announced spin-off of our Printing Papers business and Build a Better IP initiative and a pre-tax charge of $5 million ($4 million after taxes) for the three months ended December 31, 2020 for other costs. | ||||
(b) | Includes pre-tax charges of $18 million ($14 million after taxes), $8 million ($6 million after taxes) and $65 million ($49 million after taxes) for the three months ended March 31, 2021, March 31, 2020 and December 31, 2020, respectively, for debt extinguishment costs, a pre-tax charge of $12 million ($10 million after taxes) for the three months ended March 31, 2021 for severance related to the optimization of our EMEA Packaging business and income of $1 million (before and after taxes) for the three months ended December 31, 2020 for other items. |
(c) | Includes losses of $2 million (before and after taxes) and $123 million (before and after taxes) for the three months ended March 31, 2021 and December 31, 2020, respectively, related to the foreign currency cumulative translation adjustment resulting from the classification of the assets and liabilities of our EMEA Packaging business in Turkey as held for sale, a pre-tax loss of $20 million ($13 million after taxes) for the three months ended March 31, 2020 for the impairment of the net assets of our Brazil Packaging business, a loss of $324 million (before and after taxes) for the three months ended March 31, 2020 related to the foreign currency cumulative translation adjustment resulting from the classification of the assets and liabilities of our Brazil Packaging business as held for sale and a pre-tax gain of $5 million ($4 million after taxes) for the three months ended December 31, 2020 for other items. |
(d) | Includes pre-tax gains of $74 million ($56 million after taxes) and $33 million ($25 million after taxes) for the three months ended March 31, 2021 and March 31, 2020, respectively, related to the monetization of a portion of our equity investment in Graphic Packaging. |
(e) | Includes a pre-tax charge of $41 million ($31 million after taxes) for the three months ended March 31, 2020 for environmental remediation reserve adjustments, a charge of $17 million (before and after taxes) for the three months ended March 31, 2020 associated with our investment in India, a pre-tax charge of $9 million ($7 million after taxes) for the three months ended March 31, 2020 for the removal of abandoned property at our mills, pre-tax income of $2 million ($1 million after taxes) for the three months ended March 31, 2020 for the accrual of a foreign value-added tax refund and a pre-tax charge of $5 million ($4 million after taxes) for the three months ended December 31, 2020 for other costs. |
(f) | Includes a charge of $1 million (before and after taxes) for the three months ended March 31, 2020 for accelerated depreciation associated with the announced conversion of a paper machine at our Riverdale mill to containerboard production. |
(g) | Includes income of $1 million (before and after taxes) for the three months ended March 31, 2020 for interest income associated with the accrual of a foreign value-added tax refund. |
(h) | Includes a tax benefit of $32 million for the three months ended December 31, 2020 related to the settlement of tax audits. |
Three Months Ended March 31, | Three Months Ended December 31, | ||||||||||||||||||||||
2021 | 2020 | 2020 | |||||||||||||||||||||
Net Earnings (Loss) Attributable to International Paper Company | $ | 349 | $ | (141) | $ | 153 | |||||||||||||||||
Add back: Non-operating pension expense (income) | (40) | (5) | (8) | ||||||||||||||||||||
Add back: Net Special items expense (income) | (10) | 372 | 151 | ||||||||||||||||||||
Adjusted Operating Earnings | $ | 299 | $ | 226 | $ | 296 | |||||||||||||||||
Three Months Ended March 31, | Three Months Ended December 31, | ||||||||||||||||||||||
2021 | 2020 | 2020 | |||||||||||||||||||||
Diluted Earnings per Common Share as Reported | $ | 0.88 | $ | (0.36) | $ | 0.39 | |||||||||||||||||
Add back: Non-operating pension expense (income) | (0.10) | (0.01) | (0.02) | ||||||||||||||||||||
Add back: Net Special items expense (income) | (0.02) | 0.94 | 0.38 | ||||||||||||||||||||
Adjusted Operating Earnings per Share | $ | 0.76 | $ | 0.57 | $ | 0.75 |
Three Months Ended March 31, | Three Months Ended December 31, | ||||||||||||||||||||||
2021 | 2020 | 2020 | |||||||||||||||||||||
Industrial Packaging | $ | 3,953 | $ | 3,819 | $ | 3,813 | |||||||||||||||||
Global Cellulose Fibers | 581 | 568 | 582 | ||||||||||||||||||||
Printing Papers | 781 | 908 | 802 | ||||||||||||||||||||
Corporate and Inter-segment Sales | 48 | 57 | 42 | ||||||||||||||||||||
Net Sales | $ | 5,363 | $ | 5,352 | $ | 5,239 | |||||||||||||||||
Operating Profit (Loss) by Business Segment | |||||||||||||||||||||||
Three Months Ended March 31, | Three Months Ended December 31, | ||||||||||||||||||||||
2021 | 2020 | 2020 | |||||||||||||||||||||
Industrial Packaging | $ | 447 | $ | 470 | $ | 431 | |||||||||||||||||
Global Cellulose Fibers | (82) | (54) | (114) | ||||||||||||||||||||
Printing Papers | 80 | 96 | 80 | ||||||||||||||||||||
Total Business Segment Operating Profit | $ | 445 | $ | 512 | $ | 397 | |||||||||||||||||
Earnings (Loss) Before Income Taxes and Equity Earnings | $ | 399 | $ | (16) | $ | 123 | |||||||||||||||||
Interest expense, net | 92 | 117 | (c) | 99 | |||||||||||||||||||
Noncontrolling interest adjustment (d) | (1) | — | — | ||||||||||||||||||||
Corporate expenses, net | 25 | 32 | (16) | ||||||||||||||||||||
Corporate net special items | (31) | (a) | 33 | (a) | 79 | (a) | |||||||||||||||||
Business net special items | 14 | (b) | 352 | (b) | 122 | (b) | |||||||||||||||||
Non-operating pension expense (income) | (53) | (6) | (10) | ||||||||||||||||||||
Business Segment Operating Profit (e) | $ | 445 | $ | 512 | $ | 397 | |||||||||||||||||
Equity Earnings (Loss) in Ilim S.A., Net of Taxes | $ | 49 | $ | (35) | $ | 53 | |||||||||||||||||
Equity Earnings (Loss) in Graphic Packaging International Partners, LLC | $ | 1 | $ | 7 | $ | 11 | |||||||||||||||||
(a) | Includes charges of $25 million and $9 million for the three months ended March 31, 2021 and December 31, 2020, respectively, for costs associated with the announced spin-off of our Printing Papers business and Build a Better IP initiative, charges of $18 million, $8 million, and $65 million for the three months ended March 31, 2021, March 31, 2020 and December 31, 2020, respectively, for debt extinguishment costs, a charge of $41 million for the three months ended March 31, 2020 for environmental remediation reserve adjustments, a charge of $17 million for the three months ended March 31, 2020 associated with our investment in India, gains of $74 million and $33 million for the three months ended March 31, 2021 and March 31, 2020, respectively, related to the monetization of a portion of our equity investment in Graphic Packaging and a charge of $5 million for the three months ended December 31, 2020 for other costs. |
(b) | Related to Industrial Packaging, includes a charge of $12 million for the three months ended March 31, 2021 for severance related to the optimization of our EMEA Packaging business, losses of $2 million and $123 million for the three months ended March 31, 2021 and December 31, 2020, respectively, related to the foreign currency cumulative translation adjustment resulting from the classification of the assets and liabilities of our EMEA Packaging business in Turkey as held for sale, a charge of $20 million for the three months ended March 31, 2020 for the impairment of the net assets of our Brazil Packaging business, a loss of $324 million for the three months ended March 31, 2020 related to the foreign currency cumulative translation adjustment resulting from the classification of the assets and liabilities of our Brazil Packaging business as held for sale, a charge of $6 million for the three months ended March 31, 2020 for the removal of abandoned property at our mills, income of $2 million for the three months ended March 31, 2020 for the accrual of a foreign value-added tax refund and income of $5 million for the three months ended December 31, 2020 for other items. |
Related to Global Cellulose Fibers, includes a charge of $3 million for the three months ended March 31, 2020 for the removal of abandoned property at our mills. |
Related to Printing Papers, includes a charge of $1 million for the three months ended March 31, 2020 for accelerated depreciation associated with the announced conversion of a paper machine at our Riverdale mill to containerboard production and a charge of $4 million for the three months ended December 31, 2020 for other items. | |||||
(c) | Includes income of $1 million for the three months ended March 31, 2020 for interest income associated with the accrual of a foreign value-added tax refund. | ||||
(d) | Operating profits for business 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 for these subsidiaries is adjusted here to present consolidated earnings before income taxes and equity earnings. | ||||
(e) | As set forth in the chart above, business segment operating profit is defined as earnings (loss) before income taxes and equity earnings, but including the impact of noncontrolling interests, and excluding interest expense, net, corporate expenses, net, corporate net special items, business net special items and non-operating pension expense. Business segment operating profit is a measure reported to our management for purposes of making decisions about allocating resources to our business segments and assessing the performance of our business segments and is presented in our financial statement footnotes in accordance with ASC 280. |
Three Months Ended March 31, | Three Months Ended December 31, | ||||||||||||||||||||||
2021 | 2020 | 2020 | |||||||||||||||||||||
Industrial Packaging (In thousands of short tons) | |||||||||||||||||||||||
Corrugated Packaging (b) | 2,684 | 2,624 | 2,771 | ||||||||||||||||||||
Containerboard | 709 | 827 | 727 | ||||||||||||||||||||
Recycling | 558 | 569 | 551 | ||||||||||||||||||||
Saturated Kraft | 45 | 48 | 35 | ||||||||||||||||||||
Gypsum /Release Kraft | 55 | 56 | 55 | ||||||||||||||||||||
Bleached Kraft | 7 | 7 | 8 | ||||||||||||||||||||
EMEA Packaging (b) | 435 | 441 | 437 | ||||||||||||||||||||
Brazilian Packaging (b) | — | 90 | — | ||||||||||||||||||||
European Coated Paperboard | 109 | 111 | 103 | ||||||||||||||||||||
Industrial Packaging | 4,602 | 4,773 | 4,687 | ||||||||||||||||||||
Global Cellulose Fibers (In thousands of metric tons) (c) | 898 | 901 | 924 | ||||||||||||||||||||
Printing Papers (In thousands of short tons) | |||||||||||||||||||||||
U.S. Uncoated Papers | 346 | 415 | 341 | ||||||||||||||||||||
European & Russian Uncoated Papers | 307 | 360 | 320 | ||||||||||||||||||||
Brazilian Uncoated Papers | 254 | 240 | 312 | ||||||||||||||||||||
Printing Papers | 907 | 1,015 | 973 |
(a) | Sales volumes include third party and inter-segment sales and exclude sales of equity investees. |
(b) | Volumes for corrugated box sales reflect consumed tons sold (CTS). Board sales by these businesses reflect invoiced tons. |
(c) | Includes North American, European and Brazilian volumes and internal sales to mills. |
March 31, 2021 | December 31, 2020 | |||||||||||||
Assets | ||||||||||||||
Current Assets | ||||||||||||||
Cash and Temporary Investments | $ | 787 | $ | 595 | ||||||||||
Accounts and Notes Receivable, Net | 3,342 | 3,064 | ||||||||||||
Contract Assets | 437 | 355 | ||||||||||||
Inventories | 1,828 | 2,050 | ||||||||||||
Current Financial Assets of Variable Interest Entities | 4,850 | 4,850 | ||||||||||||
Assets Held for Sale | 695 | 138 | ||||||||||||
Other | 228 | 184 | ||||||||||||
Total Current Assets | 12,167 | 11,236 | ||||||||||||
Plants, Properties and Equipment, Net | 11,667 | 12,217 | ||||||||||||
Forestlands | 285 | 311 | ||||||||||||
Investments | 711 | 1,178 | ||||||||||||
Long-Term Financial Assets of Variable Interest Entities | 2,261 | 2,257 | ||||||||||||
Goodwill | 3,242 | 3,315 | ||||||||||||
Right of Use Assets | 415 | 459 | ||||||||||||
Deferred Charges and Other Assets | 729 | 745 | ||||||||||||
Total Assets | $ | 31,477 | $ | 31,718 | ||||||||||
Liabilities and Equity | ||||||||||||||
Current Liabilities | ||||||||||||||
Notes Payable and Current Maturities of Long-Term Debt | $ | 31 | $ | 29 | ||||||||||
Current Nonrecourse Financial Liabilities of Variable Interest Entities | 4,220 | 4,220 | ||||||||||||
Accounts Payable and Other Current Liabilities | 3,805 | 3,854 | ||||||||||||
Liabilities Held for Sale | 334 | 181 | ||||||||||||
Total Current Liabilities | 8,390 | 8,284 | ||||||||||||
Long-Term Debt | 7,954 | 8,064 | ||||||||||||
Long-Term Nonrecourse Financial Liabilities of Variable Interest Entities | 2,094 | 2,092 | ||||||||||||
Deferred Income Taxes | 2,756 | 2,743 | ||||||||||||
Pension Benefit Obligation | 968 | 1,055 | ||||||||||||
Postretirement and Postemployment Benefit Obligation | 246 | 251 | ||||||||||||
Long-Term Lease Obligations | 276 | 315 | ||||||||||||
Other Liabilities | 1,022 | 1,046 | ||||||||||||
Equity | ||||||||||||||
Invested Capital, Net of Treasury Stock | (456) | (216) | ||||||||||||
Retained Earnings | 8,214 | 8,070 | ||||||||||||
Total International Paper Shareholders’ Equity | 7,758 | 7,854 | ||||||||||||
Noncontrolling interests | 13 | 14 | ||||||||||||
Total Equity | 7,771 | 7,868 | ||||||||||||
Total Liabilities and Equity | $ | 31,477 | $ | 31,718 | ||||||||||
Three Months Ended March 31, | ||||||||||||||
2021 | 2020 | |||||||||||||
Operating Activities | ||||||||||||||
Net earnings (loss) | $ | 349 | $ | (141) | ||||||||||
Depreciation, amortization and cost of timber harvested | 309 | 323 | ||||||||||||
Deferred income tax expense (benefit), net | 20 | 35 | ||||||||||||
Restructuring and other charges, net | 30 | 8 | ||||||||||||
Net (gains) losses on sales of equity method investments | (74) | (33) | ||||||||||||
Net (gains) losses on sales and impairments of businesses | 2 | 344 | ||||||||||||
Equity method dividends received | 4 | 5 | ||||||||||||
Equity (earnings) losses, net | (49) | 31 | ||||||||||||
Periodic pension (income) expense, net | (28) | 11 | ||||||||||||
Other, net | 25 | 166 | ||||||||||||
Changes in current assets and liabilities | ||||||||||||||
Accounts and notes receivable | (186) | (107) | ||||||||||||
Contract assets | (83) | (33) | ||||||||||||
Inventories | 93 | 60 | ||||||||||||
Accounts payable and accrued liabilities | 68 | (31) | ||||||||||||
Interest payable | 15 | (12) | ||||||||||||
Other | 17 | 23 | ||||||||||||
Cash Provided By (Used For) Operating Activities | 512 | 649 | ||||||||||||
Investment Activities | ||||||||||||||
Invested in capital projects, net of insurance recoveries | (89) | (286) | ||||||||||||
Acquisitions, net of cash acquired | (61) | — | ||||||||||||
Proceeds from sales of equity method investments | 397 | 250 | ||||||||||||
Proceeds from sales of businesses, net of cash divested | 11 | — | ||||||||||||
Proceeds from sale of fixed assets | — | 1 | ||||||||||||
Cash Provided By (Used For) Investment Activities | 258 | (35) | ||||||||||||
Financing Activities | ||||||||||||||
Repurchases of common stock and payments of restricted stock tax withholding | (155) | (41) | ||||||||||||
Issuance of debt | 2 | 560 | ||||||||||||
Reduction of debt | (111) | (136) | ||||||||||||
Change in book overdrafts | (19) | (9) | ||||||||||||
Dividends paid | (202) | (202) | ||||||||||||
Net debt tender premiums paid | (19) | (7) | ||||||||||||
Cash Provided By (Used for) Financing Activities | (504) | 165 | ||||||||||||
Cash Included in Assets Held for Sale | (54) | (9) | ||||||||||||
Effect of Exchange Rate Changes on Cash | (20) | (42) | ||||||||||||
Change in Cash and Temporary Investments | 192 | 728 | ||||||||||||
Cash and Temporary Investments | ||||||||||||||
Beginning of the period | 595 | 511 | ||||||||||||
End of the period | $ | 787 | $ | 1,239 | ||||||||||
Three Months Ended March 31, | ||||||||||||||
2021 | 2020 | |||||||||||||
Cash Provided By (Used For) Operating Activities | $ | 512 | $ | 649 | ||||||||||
Adjustments: | ||||||||||||||
Cash invested in capital projects, net of insurance recoveries | (89) | (286) | ||||||||||||
Free Cash Flow | $ | 423 | $ | 363 |
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Document and Entity Information Document |
Apr. 29, 2021 |
---|---|
Entity Information [Line Items] | |
Document Type | 8-K |
Document Period End Date | Apr. 29, 2021 |
Entity Registrant Name | International Paper Company |
Entity Central Index Key | 0000051434 |
Amendment Flag | false |
Entity Incorporation, State or Country Code | NY |
Entity File Number | 1-3157 |
Entity Tax Identification Number | 13-0872805 |
Entity Address, Address Line One | 6400 Poplar Avenue |
Entity Address, City or Town | Memphis |
Entity Address, State or Province | TN |
Entity Address, Postal Zip Code | 38197 |
City Area Code | 901 |
Local Phone Number | 419-9000 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity Emerging Growth Company | false |
NEW YORK STOCK EXCHANGE, INC. [Member] | |
Entity Information [Line Items] | |
Title of 12(b) Security | Common Stock, $1 per share par value |
Trading Symbol | IP |
Security Exchange Name | NYSE |
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