XML 17 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Net Sales [1],[2] $ 5,901 $ 4,619
Costs and Expenses    
Cost of products sold 4,259 3,424
Selling and administrative expenses 530 358
Depreciation and amortization 571 278
Distribution expenses 483 391
Taxes other than payroll and income taxes 93 41
Restructuring charges, net 83 3
Net (gains) losses on sales of fixed assets (67) 5
Interest expense, net 81 46
Non-operating pension expense (income) 3 (12)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total (135) 85
Income tax provision (benefit) (31) 27
Equity earnings (loss), net of taxes (1) (2)
Net Earnings (Loss) $ (105) $ 56
Basic Earnings (Loss) Per Share    
Basic earnings (loss) per share $ (0.24) $ 0.16
Diluted Earnings (Loss) Per Share    
Diluted earnings (loss) per share $ (0.24) $ 0.16
Average Shares of Common Stock Outstanding – assuming dilution 437.6 348.5
[1]
(a) Net sales are attributed to countries based on the location of the seller.
[2] External sales by segment are defined as those made to parties outside International Paper’s consolidated group, whereas sales by segment in the Net Sales table are determined using a management approach and include intersegment sales.