Leases (Note)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases of Lessee Disclosure [Text Block]

International Paper leases various real estate, including certain operating facilities, warehouses, office space and land. The Company also leases material handling equipment, vehicles, and certain other equipment. The Company's leases have remaining lease terms of one year to 97 years.

COMPONENTS OF LEASE EXPENSE

In millions	December 31, 2019
Operating lease costs, net	$	132
Variable lease costs	70
Short-term lease costs, net	59
Finance lease cost
Amortization of lease assets	12
Interest on lease liabilities	5
Total lease cost, net	$	278

SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES

In millions	Classification	December 31, 2019
Assets
Operating lease assets	Right of use assets	$	434
Finance lease assets	Plants, properties and equipment, net (a)	103
Total leased assets		$	537
Liabilities
Current
Operating	Other current liabilities	$	134
Finance	Notes payable and current maturities of long-term debt	12
Noncurrent
Operating	Long-term lease obligations	304
Finance	Long-term debt	88
Total lease liabilities		$	538

(a) Finance leases are recorded net of accumulated amortization of $40 million.

LEASE TERM AND DISCOUNT RATE

In millions	December 31, 2019
Weighted average remaining lease term (years)
Operating leases	9.8 years
Finance leases	10.9 years
Weighted average discount rate
Operating leases	3.06	%
Finance leases	4.69	%

SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES

In millions	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows related to operating leases	$	147
Operating cash flows related to financing leases	5
Financing cash flows related to finance leases	9
Right of use assets obtained in exchange for lease liabilities
Operating leases	162
Finance leases	11

MATURITY OF LEASE LIABILITIES

In millions	Operating Leases		Financing Leases		Total
2020	$	147	$	16	$	163
2021	110		15		125
2022	75		14		89
2023	42		13		55
2024	24		10		34
Thereafter	103		66		169
Total lease payments	501		134		635
Less imputed interest	63		34		97
Present value of lease liabilities	$	438	$	100	$	538