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Consolidated Statement of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net income (loss) $ 864 $ 204 $ 1,647 $ 329
Change in cumulative foreign currency translation adjustment (70) (28) 99 (515)
Net gains (losses) arising during the period (4) (4) 3 (34)
Reclassification adjustment for (gains) losses included in net earnings (loss) (8) 6 (9) 26
Total Other Comprehensive Income (Loss), Net of Tax 780 17 1,026 (395)
Comprehensive Income (Loss) 1,644 221 2,673 (66)
Less: Net earnings (loss) attributable to noncontrolling interests 0 0 (2) 0
Other comprehensive (income) loss attributable to noncontrolling interests 0 0 2 2
Comprehensive Income (Loss) Attributable to International Paper Company 1,644 221 2,673 (64)
U.S. plans        
Amortization of pension and post-retirement prior service costs and net loss: 31 42 101 127
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax 826 0 826 0
Foreign Plan        
Amortization of pension and post-retirement prior service costs and net loss: 0 1 0 1
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax $ 5 $ 0 $ 6 $ 0