Schedule II - Valuation And Qualifying Accounts

12 Months Ended

Dec. 31, 2010

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II

INTERNATIONAL PAPER COMPANY AND CONSOLIDATED SUBSIDIARIES

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS

(In millions)


	For the Year Ended December 31, 2011
	Balance at Beginning of Period		Additions Charged to Earnings		Additions Charged to Other Accounts		Deductions from Reserves		Balance at End of Period
Description
Reserves Applied Against Specific Assets Shown on Balance Sheet:
Doubtful accounts – current	$	129	$	18	$	0	$	(21)(a)	$	126
Restructuring reserves		14		25		0		(24)(b)		15



	For the Year Ended December 31, 2010
	Balance at Beginning of Period		Additions Charged to Earnings		Additions Charged to Other Accounts		Deductions from Reserves		Balance at End of Period
Description
Reserves Applied Against Specific Assets Shown on Balance Sheet:
Doubtful accounts – current	$	136	$	28	$	0	$	(35)(a)	$	129
Restructuring reserves		84		46		0		(116)(b)		14



	For the Year Ended December 31, 2009
	Balance at Beginning of Period		Additions Charged to Earnings		Additions Charged to Other Accounts			Deductions from Reserves		Balance at End of Period
Description
Reserves Applied Against Specific Assets Shown on Balance Sheet:
Doubtful accounts – current	$	121	$	54	$	0	(c)	$	(39)(a)	$	136
Restructuring reserves		96		251		0			(263)(b)		84

(a)

Includes write-offs, less recoveries, of accounts determined to be uncollectible and other adjustments.

(b)

Includes payments and deductions for reversals of previously established reserves that were no longer required.

(c)

Allowance for doubtful accounts acquired in the Weyerhaeuser Containerboard, Packaging and Recycling acquisition.