EQUITY (Note)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Equity [Note Text Block]

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

	Three Months Ended September 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, July 1	$	449	$	6,330	$	8,442	$	(4,094)	$	2,775	$	8,352	$	2	$	8,354
Issuance of stock for various plans, net	—		41		—		—		—		41		—		41
Repurchase of stock	—		—		—		—		212		(212)		—		(212)
Common stock dividends ($0.5125 per share)	—		—		(203)		—		—		(203)		—		(203)
Divestiture of noncontrolling interests	—		—		—		—		—		—		(1)		(1)
Comprehensive income (loss)	—		—		864		780		—		1,644		—		1,644
Ending Balance, September 30	$	449	$	6,371	$	9,103	$	(3,314)	$	2,987	$	9,622	$	1	$	9,623

	Nine Months Ended September 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	—		27		—		—		(86)		113		—		113
Repurchase of stock	—		—		—		—		425		(425)		—		(425)
Common stock dividends ($1.5375 per share)	—		—		(612)		—		—		(612)		—		(612)
Transactions of equity method investees	—		19		—		—		—		19		—		19
Divestiture of noncontrolling interests	—		—		—		—		—		—		(13)		(13)
Comprehensive income (loss)	—		—		1,645		1,028		—		2,673		—		2,673
Ending Balance, September 30	$	449	$	6,371	$	9,103	$	(3,314)	$	2,987	$	9,622	$	1	$	9,623

	Three Months Ended September 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, July 1	$	449	$	6,283	$	8,123	$	(5,149)	$	2,649	$	7,057	$	3	$	7,060
Issuance of stock for various plans, net	—		18		—		—		(2)		20		—		20
Repurchase of stock	—		—		—		—		1		(1)		—		(1)
Common stock dividends ($0.5125 per share)	—		—		(205)		—		—		(205)		—		(205)
Transactions of equity method investees	—		1		—		—		—		1		—		1
Comprehensive income (loss)	—		—		204		17		—		221		—		221
Ending Balance, September 30	$	449	$	6,302	$	8,122	$	(5,132)	$	2,648	$	7,093	$	3	$	7,096

	Nine Months Ended September 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	—		(31)		—		—		(96)		65		—		65
Repurchase of stock	—		—		—		—		42		(42)		—		(42)
Common stock dividends ($1.5375 per share)	—		—		(613)		—		—		(613)		—		(613)
Transactions of equity method investees	—		36		—		—		—		36		—		36
Comprehensive income (loss)	—		—		329		(393)		—		(64)		(2)		(66)
Ending Balance, September 30	$	449	$	6,302	$	8,122	$	(5,132)	$	2,648	$	7,093	$	3	$	7,096