INDUSTRY SEGMENT INFORMATION (Note)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

International Paper’s business segments, Industrial Packaging and Global Cellulose Fibers, are consistent with the internal structure used to manage these businesses. Both segments are differentiated on a common product, common customer basis consistent with the business segmentation generally used in the Forest Products industry.

Business segment operating profits are used by International Paper's management to measure the earnings performance of its businesses. Management believes that this measure allows a better understanding of trends in costs, operating efficiencies, prices and volumes. Business segment operating profits are defined as earnings (loss) from continuing operations before income taxes and equity earnings, but including the impact of less than wholly owned subsidiaries, and excluding interest expense, net, corporate expenses, net, corporate net special items, business net special items and non-operating pension expense.

Net sales by business segment for the three months ended March 31, 2023 and 2022 were as follows: 

	Three Months Ended March 31,
In millions	2023		2022
Industrial Packaging	$	4,083	$	4,406
Global Cellulose Fibers	811		710
Corporate and Intersegment Sales	126		121
Net Sales	$	5,020	$	5,237

Operating profit (loss) by business segment for the three months ended March 31, 2023 and 2022 were as follows: 

	Three Months Ended March 31,
In millions	2023		2022
Industrial Packaging	$	322	$	397
Global Cellulose Fibers	(16)		(49)
Business Segment Operating Profits	$	306	348
Earnings (loss) from continuing operations before income taxes and equity earnings	$	221	$	362
Interest expense, net	62		69
Corporate expenses, net	8		12
Corporate net special items	—		(46)
Non-operating pension expense (income)	15		(49)
Business Segment Operating Profits	$	306	$	348