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Consolidated Statement of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net income (loss) $ 511 $ 434 $ 871 $ 783
Change in cumulative foreign currency translation adjustment 182 312 134 169
Net gains (losses) arising during the period 0 13 0 7
Reclassification adjustment for (gains) losses included in net earnings (loss) 0 (4) 0 (1)
Total Other Comprehensive Income (Loss), Net of Tax 205 358 177 246
Comprehensive Income (Loss) 716 792 1,048 1,029
Other comprehensive (income) loss attributable to noncontrolling interests 0 1 0 2
Comprehensive Income (Loss) Attributable to International Paper Company 716 791 1,048 1,029
Less: Net earnings (loss) attributable to noncontrolling interests 0 (2) 0 (2)
U.S. plans        
Amortization of pension and post-retirement prior service costs and net loss: 23 36 43 70
Foreign Plan        
Amortization of pension and post-retirement prior service costs and net loss: $ 0 $ 1 $ 0 $ 1