IPInternational Paper
International Paper Company (the "Company," "International Paper" or "IP", which may also be referred to as "we" or "us") is a global leader in sustainable packaging solutions. 10-K, Item 1
- Employees
- 62,602
- Headquarters
- Memphis, TN
- Next results
- around Jan 28, 2027
What changed
10-K filed Feb 27, 2026 against Feb 21, 2025| Area | What changed | Source |
|---|---|---|
| Risk factors | 614 new paragraphs, nothing like them in the previous 10-K | 10-K Item 1A |
| Critical audit matters changed | New this year: As of December 31, 2025, the Company’s US Pension Plan held approximately $2.2 billion in investments whose; These NAVs are generally determined by the US Pension Plan’s third-party administrators or fund managers and; Given a lack of a readily determinable value of these investments and the subjective nature of the valuation; Our audit procedures related to the determination of NAV associated with the Company’s US Pension Plan’s; December 31, 2025. This roll forward procedure included consideration of the Company’s transactions in; Goodwill - Packaging Solutions EMEA; The Company’s evaluation of goodwill for impairment involves the comparison of the fair value of each reporting unit; Changes to the assumptions and estimates may result in a significantly different estimate of the fair value of the; Our audit procedures related to forecasts of future revenues and operating margins, and the selection of the; PS EMEA by comparing the forecasts to (1) forecasted information in industry reports, market data, and; Business Combinations - Acquisition of DS Smith - Valuation of Customer Relationships and Lists - Refer; The Company completed the acquisition of DS Smith for $9.9 billion on January 31, 2025. The Company allocates; Smith included customer relationships and lists of $3.4 billion. Management estimated the fair value of the customer; Our audit procedures related to the forecasts of future revenues and operating margins, and the selection of the. No longer listed: Income taxes - Legal entity restructuring. Same as last year: Retirement Plans - Fair value of other investments | 10-K · XBRL |
| Material impairment (8-K item 2.06) | 8-K item 2.06 (material impairments) filed 2025-08-21 (3 in 2 years) | 10-K · XBRL |
| Accounting checks | 9 other checks clear, 2 worth a look | 10-K · XBRL |
| Insiders | No open-market buys in the last 90 days | Form 4 |
| Filings | 2 in the last 30 days | EDGAR |
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
What's new, in their words
10-K filed Feb 27, 2026Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-21. Quoted as filed.
The following are material risk factors of which we are aware, including risk factors that could cause the Company’s actual results to differ materially from those contemplated in any forward-looking statement. If any of the events or circumstances described in any of the following risk factors occurs, our business, results of…
10-K, Item 1A
Accounting checks
latest 10-K9 of 11 clear 2 worth a look. Checks, not verdicts.
- !Critical audit matters changedNew this year: As of December 31, 2025, the Company’s US Pension Plan held approximately $2.2 billion in investments whose; These NAVs are generally determined by the US Pension Plan’s third-party administrators or fund managers and; Given a lack of a readily determinable value of these investments and the subjective nature of the valuation; Our audit procedures related to the determination of NAV associated with the Company’s US Pension Plan’s; December 31, 2025. This roll forward procedure included consideration of the Company’s transactions in; Goodwill - Packaging Solutions EMEA; The Company’s evaluation of goodwill for impairment involves the comparison of the fair value of each reporting unit; Changes to the assumptions and estimates may result in a significantly different estimate of the fair value of the; Our audit procedures related to forecasts of future revenues and operating margins, and the selection of the; PS EMEA by comparing the forecasts to (1) forecasted information in industry reports, market data, and; Business Combinations - Acquisition of DS Smith - Valuation of Customer Relationships and Lists - Refer; The Company completed the acquisition of DS Smith for $9.9 billion on January 31, 2025. The Company allocates; Smith included customer relationships and lists of $3.4 billion. Management estimated the fair value of the customer; Our audit procedures related to the forecasts of future revenues and operating margins, and the selection of the. No longer listed: Income taxes - Legal entity restructuring. Same as last year: Retirement Plans - Fair value of other investments
- !Material impairment (8-K item 2.06)8-K item 2.06 (material impairments) filed 2025-08-21 (3 in 2 years)
- ✓Receivables +57.8% vs revenue +49.3% (+8.6 pts)
- ✓Cash from operations $1.7B vs net income −$3.5B (FY ending 2025-12-31)
- ✓Inventory +35.4% vs revenue +49.3% (-13.9 pts)
- ✓Same auditor in both 10-Ks: Deloitte & Touche LLP
- ✓No statement of substantial doubt about going concern
- ✓No 8-K item 4.02 in the last 2 years
- ✓No NT 10-K or NT 10-Q in the last 2 years
- ✓No sentence in the 10-K concludes that controls were not effective because of a material weakness
- ✓No 8-K item 1.03 in the last 2 years
In the last 30 days
All filings →- Nov 4, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
- Oct 28, 20268-K Quarterly results 8-K item 2.02
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