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SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION (Note)
 9 Months Ended
Sep. 30, 2024
Disclosure Text Block Supplement [Abstract]  
Supplemental Financial Statement Information [Note Text Block]

Temporary Investments 

Temporary investments with an original maturity of three months or less and money market funds with greater than three month maturities but with the right to redeem without notices are treated as cash equivalents and stated at cost. Temporary investments totaled $976 million and $950 million at September 30, 2024 and December 31, 2023, respectively.

Accounts and Notes Receivable

In millionsSeptember 30, 2024December 31, 2023
Accounts and notes receivable, net:
Trade (less allowances of $31 in 2024 and $34 in 2023)
$2,850 $2,841 
Other266 218 
Total$3,116 $3,059 

Inventories

In millionsSeptember 30, 2024December 31, 2023
Raw materials$199 $229 
Finished pulp, paper and packaging867 975 
Operating supplies646 622 
Other83 63 
Total$1,795 $1,889 

Plants, Properties and Equipment  

Accumulated depreciation was $20.0 billion and $19.6 billion at September 30, 2024 and December 31, 2023, respectively. Depreciation expense was $257 million and $248 million for the three months ended September 30, 2024 and 2023, respectively, and $776 million and $715 million for the nine months ended September 30, 2024 and 2023, respectively.

Non-cash additions to plants, properties and equipment included within accounts payable were $100 million and $141 million at September 30, 2024 and December 31, 2023, respectively.
Accounts Payable  

Under a supplier finance program, International Paper agrees to pay a bank the stated amount of confirmed invoices from its designated suppliers on the original maturity dates of the invoices. International Paper or the bank may terminate the agreement upon at least 90 days’ notice. The supplier invoices that have been confirmed as valid under the program require payment in full on the due date with no terms exceeding 180 days. The accounts payable balance included $105 million and $122 million of supplier finance program liabilities as of September 30, 2024 and December 31, 2023, respectively.

Interest

Interest payments made during the nine months ended September 30, 2024 and 2023 were $315 million and $333 million, respectively.

Amounts related to interest were as follows: 
 Three Months Ended
September 30,		Nine Months Ended
September 30,
In millions2024202320242023
Interest expense$106 $105 $322 $311 
Interest income55 47 170 132 
Capitalized interest costs6 5 14 16 

Asset Retirement Obligations

The Company recorded liabilities in Other Liabilities in the accompanying condensed consolidated balance sheet of $104 million and $103 million related to asset retirement obligations at September 30, 2024 and December 31, 2023, respectively.