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SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION
 6 Months Ended
Jun. 30, 2025
Disclosure Text Block Supplement [Abstract]  
SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION
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 $561 million and $990 million at June 30, 2025 and December 31, 2024, respectively.
Accounts and Notes Receivable, Net

In millionsJune 30, 2025December 31, 2024
Trade (less allowances of $70 and $30, respectively)
$4,151 $2,703 
Other616 263 
Total$4,767 $2,966 

As a result of the DS Smith acquisition, IP has a trade receivable factoring program that allows the Company to sell trade receivables without recourse.

Inventories

In millionsJune 30, 2025December 31, 2024
Raw materials$522 $188 
Finished pulp, paper and packaging1,255 934 
Operating supplies761 623 
Other120 39 
Total$2,658 $1,784 

The last-in, first-out inventory method is used to value most of International Paper's U.S. inventories. Approximately 56% of total raw materials and finished products inventories were valued using this method. The last-in, first-out inventory reserve was $355 million and $336 million at June 30, 2025 and December 31, 2024, respectively.

Plants, Properties and Equipment  

Accumulated depreciation was $20.3 billion and $19.6 billion at June 30, 2025 and December 31, 2024, respectively. Depreciation expense was $409 million and $251 million for the three months ended June 30, 2025 and 2024, respectively, and $928 million and $519 million for the six months ended June 30, 2025 and 2024, respectively. Depreciation expense for the six months ended June 30, 2025 includes $197 million of accelerated depreciation related to mill strategic actions and other 80/20 strategic actions.

Non-cash additions to plants, properties and equipment included within accounts payable were $196 million and $110 million at June 30, 2025 and December 31, 2024, respectively.

Accounts Payable  

Under supplier finance programs, International Paper agrees to pay the relevant banks the stated amount of confirmed invoices from its designated suppliers on the original maturity dates of the invoices. International Paper or the relevant banks may terminate the agreement on notice periods from 28 to 90 days. 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 $438 million and $115 million of supplier finance program liabilities as of June 30, 2025 and December 31, 2024, respectively.

Interest

Interest payments made during both the six months ended June 30, 2025 and 2024 were $222 million.

Amounts related to interest were as follows: 
 Three Months Ended
June 30,		Six Months Ended
June 30,
In millions2025202420252024
Interest expense$143 $107 $276 $216 
Interest income36 52 88 115 
Capitalized interest costs6 6 11 8 
Asset Retirement Obligations

The Company recorded liabilities in Other Liabilities in the accompanying condensed consolidated balance sheet of $151 million and $128 million related to asset retirement obligations at June 30, 2025 and December 31, 2024, respectively.