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Consolidated Statement Of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
NET SALES [1] $ 19,363 $ 17,565 $ 18,317
COSTS AND EXPENSES      
Cost of products sold 13,832 12,339 12,669
Selling and administrative expenses 1,385 1,353 1,449
Depreciation, amortization and cost of timber harvested 1,097 1,091 1,072
Distribution expenses 1,444 1,287 1,250
Taxes other than payroll and income taxes 139 136 133
Restructuring and other charges, net 509 195 51
Net (gains) losses on sales and impairments of businesses (7) 465 205
Net (gains) losses on sales of equity method investments (204) (35) 0
Net (gains) losses on mark to market investments 32 0 0
Litigation Settlement, Expense 0 0 32
Interest expense, net 337 446 499
Non-operating pension (income) expense (200) (41) 36
Earnings (loss) from continuing operations before income taxes and equity earnings 999 329 921
Income tax provision (benefit) 188 176 477
Equity earnings (loss), net of taxes 313 77 250
EARNINGS (LOSS) FROM CONTINUING OPERATIONS 1,124 230 694
Discontinued operations, net of taxes 630 252 526
Net income 1,754 482 1,220
Less: Net earnings (loss) attributable to noncontrolling interests 2 0 (5)
NET EARNINGS (LOSS) ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY $ 1,752 $ 482 $ 1,225
BASIC EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS      
Earnings (loss) from continuing operations $ 2.88 $ 0.59 $ 1.77
Discontinued operations, net of taxes 1.62 0.64 1.33
Net earnings (loss) 4.50 1.23 3.10
DILUTED EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS      
Earnings (loss) from continuing operations 2.86 0.58 1.75
Discontinued operations, net of taxes 1.61 0.64 1.32
Net earnings (loss) $ 4.47 $ 1.22 $ 3.07
[1] Net sales are attributed to countries based on the location of the seller.