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Consolidated Statement Of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net sales [1],[2] $ 18,916 $ 21,161 $ 19,363
COSTS AND EXPENSES      
Cost of products sold 13,629 15,143 13,832
Selling and administrative expenses 1,360 1,293 1,385
Depreciation, amortization and cost of timber harvested 1,432 1,040 1,097
Distribution expenses 1,575 1,783 1,444
Taxes other than payroll and income taxes 154 148 139
Restructuring and other charges, net 99 89 509
Net (gains) losses on sales and impairments of businesses 0 76 (7)
Net (gains) losses on sales of equity method investments 0 10 (204)
Net (gains) losses on mark to market investments 0 (65) 32
Interest expense, net 231 325 337
Non-operating pension (income) expense 54 (192) (200)
Earnings (loss) from continuing operations before income taxes and equity earnings 382 1,511 999
Income tax provision (benefit) 59 (236) 188
Equity earnings (loss), net of taxes (21) (6) 2
EARNINGS (LOSS) FROM CONTINUING OPERATIONS 302 1,741 813
Discontinued operations, net of taxes (14) (237) 941
NET EARNINGS (LOSS) 288 1,504 1,754
Less: Net earnings (loss) attributable to noncontrolling interests 0 0 2
NET EARNINGS (LOSS) ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY $ 288 $ 1,504 $ 1,752
BASIC EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS      
Earnings (loss) from continuing operations $ 0.87 $ 4.79 $ 2.08
Discontinued operations, net of taxes (0.04) (0.65) 2.42
Net earnings (loss) 0.83 4.14 4.50
DILUTED EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS      
Earnings (loss) from continuing operations 0.86 4.74 2.07
Discontinued operations, net of taxes (0.04) (0.64) 2.40
Net earnings (loss) $ 0.82 $ 4.10 $ 4.47
[1] Net sales are attributed to countries based on the location of the seller.
[2] Net sales are attributed to countries based on the location of the reportable segment making the sale.