EQUITY (Note)

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Equity [Note Text Block]

A summary of the changes in equity for the three months and six months ended June 30, 2021 and 2020 is provided below:

	Three Months Ended June 30, 2021
In millions, except per share amounts	Common Stock Issued		Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Common Stock Held In Treasury, At Cost		Total International Paper Shareholders’ Equity		Noncontrolling Interests		Total Equity
Balance, April 1	$	449	$	6,267	$	8,214	$	(4,453)	$	2,719	$	7,758	$	13	$	7,771
Issuance of stock for various plans, net	—		44		—		—		(2)		46		—		46
Repurchase of stock	—		—		—		—		58		(58)		—		(58)
Common stock dividends ($0.5125 per share)	—		—		(204)		—		—		(204)		—		(204)
Transactions of equity method investees	—		19		—		—		—		19		—		19
Divestiture of noncontrolling interests	—		—		—		—		—		—		(12)		(12)
Comprehensive income (loss)	—		—		432		359		—		791		1		792
Ending Balance, June 30	$	449	$	6,330	$	8,442	$	(4,094)	$	2,775	$	8,352	$	2	$	8,354

	Six Months Ended June 30, 2021
In millions, except per share amounts	Common Stock Issued		Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Common Stock Held In Treasury, At Cost		Total International Paper Shareholders’ Equity		Noncontrolling Interests		Total Equity
Balance, January 1	$	449	$	6,325	$	8,070	$	(4,342)	$	2,648	$	7,854	$	14	$	7,868
Issuance of stock for various plans, net	—		(14)		—		—		(86)		72		—		72
Repurchase of stock	—		—		—		—		213		(213)		—		(213)
Common stock dividends ($1.0250 per share)	—		—		(409)		—		—		(409)		—		(409)
Transactions of equity method investees	—		19		—		—		—		19		—		19
Divestiture of noncontrolling interests	—		—		—		—		—		—		(12)		(12)
Comprehensive income (loss)	—		—		781		248		—		1,029		—		1,029
Ending Balance, June 30	$	449	$	6,330	$	8,442	$	(4,094)	$	2,775	$	8,352	$	2	$	8,354

	Three Months Ended June 30, 2020
In millions, except per share amounts	Common Stock Issued		Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Common Stock Held In Treasury, At Cost		Total International Paper Shareholders’ Equity		Noncontrolling Interests		Total Equity
Balance, April 1	$	449	$	6,252	$	8,062	$	(5,255)	$	2,651	$	6,857	$	4	$	6,861
Issuance of stock for various plans, net	—		2		—		—		(2)		4		—		4
Common stock dividends ($0.5125 per share)	—		—		(205)		—		—		(205)		—		(205)
Transactions of equity method investees	—		29		—		—		—		29		—		29
Comprehensive income (loss)	—		—		266		106		—		372		(1)		371
Ending Balance, June 30	$	449	$	6,283	$	8,123	$	(5,149)	$	2,649	$	7,057	$	3	$	7,060

	Six Months Ended June 30, 2020
In millions, except per share amounts	Common Stock Issued		Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Common Stock Held In Treasury, At Cost		Total International Paper Shareholders’ Equity		Noncontrolling Interests		Total Equity
Balance, January 1	$	449	$	6,297	$	8,408	$	(4,739)	$	2,702	$	7,713	$	5	$	7,718
Adoption of ASU 2016-13 measurement of credit losses on financial instruments	—		—		(2)		—		—		(2)		—		(2)
Issuance of stock for various plans, net	—		(49)		—		—		(94)		45		—		45
Repurchase of stock	—		—		—		—		41		(41)		—		(41)
Common stock dividends ($1.0250 per share)	—		—		(408)		—		—		(408)		—		(408)
Transactions of equity method investees	—		35		—		—		—		35		—		35
Comprehensive income (loss)	—		—		125		(410)		—		(285)		(2)		(287)
Ending Balance, June 30	$	449	$	6,283	$	8,123	$	(5,149)	$	2,649	$	7,057	$	3	$	7,060