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INDUSTRY SEGMENT INFORMATION (Note)
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
International Paper’s business segments, Industrial Packaging and Global Cellulose Fibers, are consistent with the internal structure used to manage these businesses. Both segments are differentiated on a common product, common customer basis consistent with the business segmentation generally used in the Forest Products industry.
Business segment operating profits (losses) are used by International Paper's management to measure the earnings performance of its businesses. Management believes that this measure allows a better understanding of trends in costs, operating efficiencies, prices and volumes. Business segment operating profits (losses) are defined as earnings (loss) from continuing operations before income taxes and equity earnings, but including the impact of less than wholly owned subsidiaries, and excluding interest expense, net, corporate expenses, net, corporate net special items, business net special items and non-operating pension expense.

Net sales by business segment for the three months and nine months ended September 30, 2023 and 2022 were as follows: 

 Three Months Ended
September 30,
Nine Months Ended
September 30,
In millions2023202220232022
Industrial Packaging$3,787 $4,385 $11,754 $13,282 
Global Cellulose Fibers725 887 2,234 2,385 
Corporate and Intersegment Sales101 130 327 361 
Net Sales$4,613 $5,402 $14,315 $16,028 

Operating profit (loss) by business segment for the three months and nine months ended September 30, 2023 and 2022 were as follows: 

 Three Months Ended
September 30,
Nine Months Ended
September 30,
In millions2023202220232022
Industrial Packaging$325 $369 $951 $1,326 
Global Cellulose Fibers27 95 41 71 
Business Segment Operating Profit (Loss)$352 464$992 $1,397 
Earnings (loss) from continuing operations before income taxes and equity earnings$232 $313 $708 $1,189 
Interest expense, net58 123 179 266 
Adjustment for less than wholly owned subsidiaries— (1) (2)
Corporate expenses, net20 15 36 54 
Corporate net special items29 62 29 34 
Non-operating pension expense (income)13 (48)40 (144)
Business Segment Operating Profit (Loss)$352 $464 $992 $1,397