INDUSTRY SEGMENT INFORMATION (Note)

9 Months Ended

Sep. 30, 2024

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, 2024 and 2023 were as follows: 

	Three Months Ended September 30,				Nine Months Ended September 30,
In millions	2024		2023		2024		2023
Industrial Packaging	$	3,926	$	3,787	$	11,665	$	11,754
Global Cellulose Fibers	710		725		2,131		2,234
Corporate and Intersegment Sales	50		101		243		327
Net Sales	$	4,686	$	4,613	$	14,039	$	14,315

Operating profit (loss) by business segment for the three months and nine months ended September 30, 2024 and 2023 were as follows: 

	Three Months Ended September 30,				Nine Months Ended September 30,
In millions	2024		2023		2024		2023
Industrial Packaging	$	197	$	325	$	704	$	951
Global Cellulose Fibers	40		27		24		41
Business Segment Operating Profit (Loss)	$	237	$	352	$	728	$	992
Net Earnings (Loss) From Continuing Operations	$	150	$	192	$	704	$	586
Add back (deduct):
Income tax provision (benefit)	(71)		39		(337)		120
Equity (earnings) loss, net of taxes	1		1		4		2
Earnings (loss) from continuing operations before income taxes and equity earnings	80		232		371		708
Interest expense, net	51		58		152		179
Adjustment for less than wholly owned subsidiaries	(1)		—		(4)		—
Corporate expenses, net	5		20		52		36
Corporate net special items	89		29		163		29
Business net special items	25		—		28		—
Non-operating pension expense (income)	(12)		13		(34)		40
Business Segment Operating Profit (Loss)	$	237	$	352	$	728	$	992