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Consolidated Statement Of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]      
NET SALES $ 22,365 $ 23,617 $ 23,483
COSTS AND EXPENSES      
Cost of products sold 15,468 16,254 16,282
Selling and administrative expenses 1,645 1,793 1,796
Depreciation, amortization and cost of timber harvested [1] 1,294 1,406 1,531
Distribution expenses 1,406 1,521 1,583
Taxes other than payroll and income taxes 168 180 178
Restructuring and other charges 252 846 156
Impairment of goodwill and other intangibles 137 100 127
Net (gains) losses on sales and impairments of businesses 174 38 3
Net bargain purchase gain on acquisition of business 0 0 (13)
Interest expense, net 555 607 612
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY EARNINGS 1,266 [2] 872 [3] 1,228
Income tax provision (benefit) 466 123 (498)
Equity earnings (loss), net of taxes 117 (200) (39)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS 917 549 1,687
Discontinued operations, net of taxes 0 (13) [4] (309)
NET EARNINGS (LOSS) 917 536 1,378
Less: Net earnings (loss) attributable to noncontrolling interests (21) (19) (17)
NET EARNINGS (LOSS) ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY $ 938 [2],[5] $ 555 [3],[4],[6] $ 1,395
BASIC EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS      
Earnings (loss) from continuing operations $ 2.25 [2] $ 1.33 [3] $ 3.85
Discontinued operations, net of taxes 0.00 (0.03) [4] (0.70)
Net earnings (loss) 2.25 [2],[5] 1.30 [3],[4],[6] 3.15
DILUTED EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS      
Earnings (loss) from continuing operations 2.23 [2] 1.31 [3] 3.80
Discontinued operations, net of taxes 0.00 (0.02) [4] (0.69)
Net earnings (loss) $ 2.23 [2],[5] $ 1.29 [3],[4],[6] $ 3.11
AMOUNTS ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS      
Earnings (loss) from continuing operations $ 938 $ 568 $ 1,704
Discontinued operations, net of taxes 0 (13) [4] (309)
Net earnings (loss) $ 938 [2],[5] $ 555 [3],[4],[6] $ 1,395
[1] Excludes accelerated depreciation related to the closure and/or repurposing of mills.
[2] Includes the following pre-tax charges (gains): 2015In millions Q1 Q2 Q3 Q4Riegelwood mill conversion costs, net of proceeds from sale of the Carolina Coated Bristols brand $— $(14) $7 $15Timber monetization restructuring — — 17 (1)Early debt extinguishment costs — 207 — —Refund and state tax credits — (4) — —IP-Sun JV impairment — — 186 (12)Legal reserve adjustment — — — 15Impairment of Orsa goodwill and trade name intangible — — — 137Other items — 1 1 4Total $— $190 $211 $158
[3] Includes the following pre-tax charges (gains): 2014 Q1 Q2 Q3 Q4Temple-Inland integration $12 $2 $1 $1Courtland mill shutdown 495 49 3 7Early debt extinguishment costs — 262 13 1India legal contingency resolution — — (20) —Multi-employer pension plan withdrawal liability — — 35 —Foreign tax amnesty program — — 32 —Asia Industrial Packaging goodwill impairment — — — 100Loss on sale by investee and impairment of investment — — — 47Other items 4 (4) 13 (1)Total $511 $309 $77 $155
[4] Includes the after-tax operating earnings of the xpedx business prior to the spin-off and the following after-tax charges (gains): 2014 Q1 Q2 Q3 Q4xpedx spinoff $10 $20 $(14) $—Building Products divestiture 2 — (2) 9xpedx restructuring — (1) — —Total $12 $19 $(16) $9
[5] ncludes the following tax expenses (benefits): 2015 Q1 Q2 Q3 Q4Tax expense for cash pension $— $23 $— $—Tax benefit related to IP-Sun JV — — (67) —Other items — 5 — 2Total $— $28 $(67) $2
[6] Includes the following tax expenses (benefits): 2014 Q1 Q2 Q3 Q4State legislative tax change $10 $— $— $—Internal restructuring — — — (90)Other items (1) — — —Total $9 $— $— $(90)