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Consolidated Statement of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net income (loss) $ 434 $ 266 $ 783 $ 125
Change in cumulative foreign currency translation adjustment 312 57 169 (487)
Net gains (losses) arising during the period 13 0 7 (30)
Reclassification adjustment for (gains) losses included in net earnings (loss) (4) 9 (1) 20
Total Other Comprehensive Income (Loss), Net of Tax 358 105 246 (412)
Comprehensive Income (Loss) 792 371 1,029 (287)
Less: Net earnings (loss) attributable to noncontrolling interests (2) 0 (2) 0
Other comprehensive (income) loss attributable to noncontrolling interests 1 1 2 2
Comprehensive Income (Loss) Attributable to International Paper Company 791 372 1,029 (285)
U.S. plans        
Amortization of pension and post-retirement prior service costs and net loss: 36 39 70 85
Foreign Plan        
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax $ 1 $ 0 $ 1 $ 0