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Consolidated Statement Of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income Statement [Abstract]      
NET SALES $ 23,617us-gaap_SalesRevenueNet [1] $ 23,483us-gaap_SalesRevenueNet [1] $ 21,852us-gaap_SalesRevenueNet [1]
COSTS AND EXPENSES      
Cost of products sold 16,254ip_CostOfProductsSoldAndOtherNonoperatingIncomeExpense 16,282ip_CostOfProductsSoldAndOtherNonoperatingIncomeExpense 15,287ip_CostOfProductsSoldAndOtherNonoperatingIncomeExpense
Selling and administrative expenses 1,793us-gaap_SellingGeneralAndAdministrativeExpense 1,796us-gaap_SellingGeneralAndAdministrativeExpense 1,674us-gaap_SellingGeneralAndAdministrativeExpense
Depreciation, amortization and cost of timber harvested 1,406ip_DepreciationAmortizationAndCostOfTimberHarvested [2] 1,531ip_DepreciationAmortizationAndCostOfTimberHarvested [2] 1,473ip_DepreciationAmortizationAndCostOfTimberHarvested [2]
Distribution expenses 1,521us-gaap_ShippingHandlingAndTransportationCosts 1,583us-gaap_ShippingHandlingAndTransportationCosts 1,470us-gaap_ShippingHandlingAndTransportationCosts
Taxes other than payroll and income taxes 180us-gaap_TaxesOther 178us-gaap_TaxesOther 159us-gaap_TaxesOther
Restructuring and other charges 846ip_RestructuringAndOtherRelatedCharges 156ip_RestructuringAndOtherRelatedCharges 65ip_RestructuringAndOtherRelatedCharges
Impairment of goodwill and other intangibles 100us-gaap_GoodwillAndIntangibleAssetImpairment 127us-gaap_GoodwillAndIntangibleAssetImpairment 0us-gaap_GoodwillAndIntangibleAssetImpairment
Net (gains) losses on sales and impairments of businesses 38us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal 3us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal 86us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
Net bargain purchase gain on acquisition of business 0us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount (13)us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount 0us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount
Interest expense, net 607us-gaap_InterestIncomeExpenseNet 612us-gaap_InterestIncomeExpenseNet 671us-gaap_InterestIncomeExpenseNet
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY EARNINGS 872us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments [3],[4],[5],[6] 1,228us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments [10],[7],[8],[9] 967us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax provision (benefit) 123us-gaap_IncomeTaxExpenseBenefit (498)us-gaap_IncomeTaxExpenseBenefit 306us-gaap_IncomeTaxExpenseBenefit
Equity earnings (loss), net of taxes (200)us-gaap_IncomeLossFromEquityMethodInvestments (39)us-gaap_IncomeLossFromEquityMethodInvestments 61us-gaap_IncomeLossFromEquityMethodInvestments
EARNINGS (LOSS) FROM CONTINUING OPERATIONS 549us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 1,687us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 722us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Discontinued operations, net of taxes (13)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity [11],[12],[13],[14] (309)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity [15],[16],[17],[18] 77us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
NET EARNINGS (LOSS) 536us-gaap_ProfitLoss 1,378us-gaap_ProfitLoss 799us-gaap_ProfitLoss
Less: Net earnings (loss) attributable to noncontrolling interests (19)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (17)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 5us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
NET EARNINGS (LOSS) ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY 555us-gaap_NetIncomeLoss [11],[12],[13],[14],[19],[20],[3],[4],[5],[6] 1,395us-gaap_NetIncomeLoss [10],[15],[16],[17],[18],[21],[22],[23],[24],[7],[8],[9] 794us-gaap_NetIncomeLoss
BASIC EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS      
Earnings (loss) from continuing operations $ 1.33us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [3],[4],[5],[6] $ 3.85us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [10],[7],[8],[9] $ 1.65us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Discontinued operations, net of taxes $ (0.03)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [11],[12],[13],[14] $ (0.70)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [15],[16],[17],[18] $ 0.17us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net earnings (loss) $ 1.30us-gaap_EarningsPerShareBasic [11],[12],[13],[14],[19],[20],[3],[4],[5],[6] $ 3.15us-gaap_EarningsPerShareBasic [10],[15],[16],[17],[18],[21],[22],[23],[24],[7],[8],[9] $ 1.82us-gaap_EarningsPerShareBasic
DILUTED EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS      
Earnings (loss) from continuing operations $ 1.31us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [3],[4],[5],[6] $ 3.80us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [10],[7],[8],[9] $ 1.63us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Discontinued operations, net of taxes $ (0.02)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [11],[12],[13],[14] $ (0.69)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [15],[16],[17],[18] $ 0.17us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net earnings (loss) $ 1.29us-gaap_EarningsPerShareDiluted [11],[12],[13],[14],[19],[20],[3],[4],[5],[6] $ 3.11us-gaap_EarningsPerShareDiluted [10],[15],[16],[17],[18],[21],[22],[23],[24],[7],[8],[9] $ 1.80us-gaap_EarningsPerShareDiluted
AMOUNTS ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS      
Earnings (loss) from continuing operations 568us-gaap_IncomeLossFromContinuingOperations 1,704us-gaap_IncomeLossFromContinuingOperations 717us-gaap_IncomeLossFromContinuingOperations
Discontinued operations, net of taxes (13)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity [11],[12],[13],[14] (309)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity [15],[16],[17],[18] 77us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net earnings (loss) $ 555us-gaap_NetIncomeLoss [11],[12],[13],[14],[19],[20],[3],[4],[5],[6] $ 1,395us-gaap_NetIncomeLoss [10],[15],[16],[17],[18],[21],[22],[23],[24],[7],[8],[9] $ 794us-gaap_NetIncomeLoss
[1] Net sales are attributed to countries based on the location of the seller.
[2] Excludes accelerated depreciation related to closure of mills.
[3] Includes a charge of $100 million (before and after taxes) for a goodwill impairment charge related to our Asian Industrial Packaging business, a charge of $1 million (before and after taxes) for integration costs associated with the acquisition of Temple-Inland, a pre-tax charge of $7 million ($4 million after taxes) for costs associated with the shutdown of our Courtland mill, a pre-tax charge of $4 million ($3 million after taxes) for integration costs associated with our Brazil Packaging business, a pre-tax charge of $47 million ($36 million after taxes) for a loss on the sale of a business by ASG in which we hold an investment, and the resulting impairment of our ASG investment, a pre-tax gain of $9 million ($5 million after taxes) related to the sale of an investment, and a net pre-tax charge of $5 million ($3 million after taxes) for other items.
[4] Includes a pre-tax charge of $5 million ($3 million after taxes) for a refund of previously claimed state tax credits, a gain of $20 million (before and after taxes) for the resolution of a legal contingency in India, a pre-tax charge of $35 million ($21 million after taxes) for costs associated with a multi-employer pension plan withdrawal liability, a pre-tax charge of $32 million ($17 million after taxes) for costs associated with a foreign tax amnesty program, a pre-tax charge of $13 million ($8 million after taxes) for debt extinguishment costs, a pre-tax charge of $3 million ($2 million after taxes) for costs associated with the shutdown of our Courtland mill, a charge of $1 million (before and after taxes) for integration costs associated with the acquisition of Temple-Inland, a pre-tax charge of $5 million ($3 million after taxes) for costs associated with the restructuring of the Company's Packaging business in Europe, and a net pre-tax loss of $3 million ($2 million after taxes) for other items.
[5] Includes a pre-tax charge of $2 million ($1 million after taxes) for integration costs associated with the acquisition of Temple-Inland, a pre-tax charge of $262 million ($160 million after taxes) for debt extinguishment costs, a pre-tax charge of $49 million ($30 million after taxes) for costs associated with the shutdown of our Courtland mill, a pre-tax gain of $7 million ($5 million after taxes) associated with our Brazil Packaging business and net charges of $3 million (before and after taxes) for other items.
[6] Includes a pre-tax charge of $12 million ($7 million after taxes) for integration costs associated with the acquisition of Temple-Inland, a pre-tax charge of $495 million ($302 million after taxes) for costs associated with the shutdown of our Courtland mill, and a pre-tax charge of $4 million ($3 million after taxes) for other items.
[7] Includes a pre-tax charge of $12 million ($8 million after taxes) for integration costs associated with the acquisition of Temple-Inland, a pre-tax charge of $44 million ($27 million after taxes) for costs associated with the permanent shutdown of a paper machine at our Augusta mill, a pre-tax charge of $6 million ($4 million after taxes) for debt extinguishment costs, interest income of $6 million ($4 million after taxes) related to the closing of a U.S. federal income tax audit, and pre-tax charges of $2 million ($1 million after taxes) for other items.
[8] Includes a pre-tax charge of $12 million ($7 million after taxes) for integration costs associated with the acquisition of Temple-Inland, a pre-tax charge of $67 million ($41 million after taxes) for costs associated with the shutdown of our Courtland mill, a pre-tax charge of $4 million ($3 million after taxes) for costs associated with the restructuring of the Asia Box operations, a pre-tax charge of $127 million ($122 million after taxes) for the impairment of goodwill and a trade name intangible asset of the Company's India Papers business, a pre- tax charge of $2 million ($1 million after taxes) for an adjustment associated with the Company's divestiture of the Shorewood operations, and a net pre-tax gain of $2 million ($0 million after taxes) for other items.
[9] Includes a pre-tax charge of $24 million ($15 million after taxes) for integration costs associated with the acquisition of Temple-Inland, a pre-tax charge of $51 million ($31 million after taxes) for costs associated with the shutdown of our Courtland mill, a pre-tax charge of $15 million ($9 million after taxes) for debt extinguishment costs, a pre-tax gain of $9 million ($6 million after taxes) associated with the sale of the Bellevue box plant facility which was closed in 2010, a pre-tax charge of $1 million ($0 million after taxes) for costs associated with the divestiture of three containerboard mills in 2012 and charges of $2 million (before and after taxes) for other items.
[10] Includes a pre-tax charge of $6 million ($4 million after taxes) for an environmental reserve related to the Company's property in Cass Lake, Minnesota, a pre-tax charge of $14 million ($8 million after taxes) for integration costs associated with the acquisition of Temple-Inland, a pre-tax charge of $9 million ($5 million after taxes) to adjust the value of two Company airplanes to market value, a pre-tax gain of $30 million ($19 million after taxes) for insurance reimbursements related to the 2012 Guaranty Bank legal settlement, a pre-tax charge of $3 million ($2 million after taxes) for debt extinguishment costs, a gain of $13 million (before and after taxes) related to a bargain purchase adjustment on the first-quarter 2013 acquisition of a majority share of our operations in Turkey, and charges of $3 million (before and after taxes) for other items.
[11] Includes a pre-tax loss of $14 million ($9 million after taxes) related to the Building Products divestiture.
[12] Includes a net pre-tax gain of $11 million ($14 million after taxes) for the recovery of costs related to the spin-off of the xpedx business and a $2 million tax benefit associated with the Building Products divestiture.
[13] Includes the operating earnings of the xpedx business, a pre-tax charge of $18 million ($20 million after taxes) for costs associated with the spin-off of our xpedx operations, and a gain of $1 million (before and after taxes) related to the xpedx restructuring.
[14] Includes the operating earnings of the xpedx business, a pre-tax charge of $16 million ($10 million after taxes) for costs associated with the spin-off of the xpedx operations, a pre-tax charge of $2 million ($0 million after taxes) for costs associated with the restructuring of our xpedx operations and a charge of $2 million (before and after taxes) for costs associated with the Building Products divestiture.
[15] Includes the operating earnings of the xpedx business, a pre-tax charge of $8 million ($5 million after taxes) for costs associated with the spin-off of the xpedx operations, a pre-tax charge of $400 million ($366 million after taxes) for the impairment of goodwill in the Company's xpedx business, a net pre-tax loss of $2 million ($1 million after taxes) for costs associated with the restructuring of the xpedx operations, and a pre-tax gain of $18 million ($6 million after taxes) related to the Building Products divestiture.
[16] Includes the operating earnings of the xpedx business, a pre-tax charge of $6 million ($4 million after taxes) for costs associated with the restructuring of our xpedx operations, a pre-tax charge of $11 million ($7 million after taxes) for costs associated with the spin-off of the xpedx operations, and a pre-tax charge of $24 million ($15 million after taxes) for costs associated with the Building Products divestiture.
[17] Includes the operating earnings of the xpedx and Building Products businesses, a pre-tax charge of $17 million ($10 million after taxes) for costs associated with the restructuring of our xpedx operations, a pre-tax charge of $3 million ($2 million after taxes) for costs associated with the spin-off of the xpedx operations, and a pre-tax charge of $13 million ($8 million after taxes) for costs associated with the divestiture of Building Products.
[18] Includes the operating earnings of the xpedx and Building Products businesses, a pre-tax charge of $7 million ($4 million after taxes) for costs associated with the restructuring of our xpedx operations, and a pretax charge of $4 million ($3 million after taxes) for costs associated with the Building Products divestiture.
[19] Includes a tax benefit of $90 million associated with internal restructuring.
[20] Includes a tax expense of $10 million associated with a state legislative change and a tax benefit of $1 million for other items.
[21] Includes a tax benefit of $651 million associated with the closing of a U.S. federal tax audit and a net tax benefit of $3 million for other items.
[22] Includes pre-tax noncontrolling interest income of $4 million ($3 million after taxes) associated with the write-off of a trade name intangible asset in our India Papers business.
[23] Includes a tax benefit of $31 million for an income tax reserve release. In addition, the third quarter tax rate includes a $30 million benefit related to the adjustment of the tax basis in certain of the Company's fixed assets.
[24] Includes a tax benefit of $93 million associated with the closing of a U.S. federal income tax audit and a net tax expense of $2 million related to internal restructurings. In addition, the first quarter tax rate includes a benefit of approximately $35 million related to the enactment into law of The American Taxpayer Relief Act of 2012 in January 2013.