← Filings of IP
Tables in the 10-Q of INTERNATIONAL PAPER CO /NEW/
55 tables with numbers, filed Jul 29, 2022. Each one downloads as an Excel file or a CSV (numbers are stored as numbers),
with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| | PAGE NO. |
| PART I. FINANCIAL INFORMATION | |
| Item 1. | Financial Statements | |
| Condensed Consolidated Statement of Operations - Three Months and Six Months Ended June 30, 2022 and 2021 | 1 |
| Condensed Consolidated Statement of Comprehensive Income - Three Months and Six Months Ended June 30, 2022 and 2021 | 2 |
| Condensed Consolidated Balance Sheet - June 30, 2022 and December 31, 2021 | 3 |
| Condensed Consolidated Statement of Cash Flows - Six Months Ended June 30, 2022 and 2021 | 4 |
| Condensed Notes to Consolidated Financial Statements | 5 |
First 8 of 20 rows. The download has all of them.
Table 2 after “(In millions, except per share amounts)”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2022 | | 2021 | 2022 | 2021 | |
| Net Sales | $5,389 | | | $4,770 | $10,626 | $9,363 |
| Costs and Expenses | | | | | | |
| Cost of products sold | 3,806 | | | 3,402 | 7,645 | 6,750 |
| Selling and administrative expenses | 300 | | | 396 | 641 | 698 |
| Depreciation, amortization and cost of timber harvested | 267 | | | 272 | 528 | 540 |
| Distribution expenses | 442 | | | 342 | 866 | 677 |
First 8 of 32 rows. The download has all of them.
Table 3 after “(In millions)”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2022 | | 2021 | 2022 | 2021 | |
| Net Earnings (Loss) | $511 | | | $434 | $871 | $783 |
| Other Comprehensive Income (Loss), Net of Tax: | | | | | | |
| Amortization of pension and post-retirement prior service costs and net loss: | | | | | | |
| U.S. plans | 23 | | | 36 | 43 | 70 |
| Pension and postretirement adjustments: | | | | | | |
| Non-U.S. plans | — | | | 1 | — | 1 |
First 8 of 17 rows. The download has all of them.
Table 4 after “(In millions)”
| June 30, 2022 | December 31, 2021 | |
| (unaudited) | | |
| Assets | | | |
| Current Assets | | | |
| Cash and temporary investments | $826 | | $1,295 |
| Accounts and notes receivable, net | 3,462 | | 3,232 |
| Contract assets | 506 | | 378 |
| Inventories | 1,897 | | 1,814 |
First 8 of 42 rows. The download has all of them.
Table 5 after “(In millions)”
| Six Months Ended June 30, | | |
| 2022 | 2021 | |
| Operating Activities | | | |
| Net earnings (loss) | $871 | | $783 |
| Depreciation, amortization and cost of timber harvested | 528 | | 615 |
| Deferred income tax provision (benefit), net | (5) | | 5 |
| Restructuring and other charges, net | — | | 204 |
| Net (gains) losses on mark to market investments | (49) | | — |
First 8 of 46 rows. The download has all of them.
Table 6 after “A geographic disaggregation of revenues across our company segmentation in the following tables provides information to assist in evaluating”
| Three Months Ended June 30, 2022 | | | | | |
| In millions | Industrial Packaging | Global Cellulose Fibers | | Corporate and Inter-segment Sales | Total | |
| Primary Geographical Markets (a) | | | | | | |
| United States | $3,842 | | $752 | | $109 | $4,703 |
| EMEA | 413 | | 25 | | — | 438 |
| Pacific Rim and Asia | 11 | | 11 | | 1 | 23 |
| Americas, other than U.S. | 225 | | — | | — | 225 |
| Total | $4,491 | | $788 | | $110 | $5,389 |
First 8 of 15 rows. The download has all of them.
Table 7 after “Table of Contents”
| Six Months Ended June 30, 2022 | | | | | |
| In millions | Industrial Packaging | Global Cellulose Fibers | | Corporate & Intersegment | Total | |
| Primary Geographical Markets (a) | | | | | | |
| United States | $7,603 | | $1,414 | | $229 | $9,246 |
| EMEA | 823 | | 55 | | — | 878 |
| Pacific Rim and Asia | 21 | | 29 | | 2 | 52 |
| Americas, other than U.S. | 450 | | — | | — | 450 |
| Total | $8,897 | | $1,498 | | $231 | $10,626 |
First 8 of 15 rows. The download has all of them.
Table 8 after “(a) Net sales are attributed to countries based on the location of the seller.”
| Three Months Ended June 30, 2021 | | | | | |
| In millions | Industrial Packaging | Global Cellulose Fibers | | Corporate & Intersegment | Total | |
| Primary Geographical Markets (a) | | | | | | |
| United States | $3,430 | | $633 | | $43 | $4,106 |
| EMEA | 395 | | 22 | | (1) | 416 |
| Pacific Rim and Asia | 14 | | 25 | | 10 | 49 |
| Americas, other than U.S. | 191 | | — | | 8 | 199 |
| Total | $4,030 | | $680 | | $60 | $4,770 |
First 8 of 15 rows. The download has all of them.
Table 9 after “Table of Contents”
| Six Months Ended June 30, 2021 | | | | | |
| In millions | Industrial Packaging | Global Cellulose Fibers | | Corporate & Intersegment | Total | |
| Primary Geographical Markets (a) | | | | | | |
| United States | $6,762 | | $1,176 | | $90 | $8,028 |
| EMEA | 788 | | 46 | | (2) | 832 |
| Pacific Rim and Asia | 32 | | 53 | | 24 | 109 |
| Americas, other than U.S. | 378 | | — | | 16 | 394 |
| Total | $7,960 | | $1,275 | | $128 | $9,363 |
First 8 of 15 rows. The download has all of them.
Table 10 after “A summary of the changes in equity for the three and six months ended June 30, 2022 and 2021 is provided below:”
| Three Months Ended June 30, 2022 | | | | | | | | | | |
| In millions, except per share amounts | Common Stock Issued | Paid-in Capital | | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | | Common Stock Held In Treasury, At Cost | | Total Equity | | |
| Balance, April 1 | $449 | | $4,670 | | | $9,218 | | $(1,694) | | $3,756 | $8,887 |
| Issuance of stock for various plans, net | — | | 5 | | | — | | — | | (2) | 7 |
| Repurchase of stock | — | | — | | | — | | — | | 395 | (395) |
| Common stock dividends ($0.4625 per share) | — | | — | | | (172) | | — | | — | (172) |
| Comprehensive income (loss) | — | | — | | | 511 | | 205 | | — | 716 |
| Ending Balance, June 30 | $449 | | $4,675 | | | $9,557 | | $(1,489) | | $4,149 | $9,043 |
Table 11 after “Table of Contents”
| Six Months Ended June 30, 2022 | | | | | | | | | | |
| In millions, except per share amounts | Common Stock Issued | Paid-in Capital | | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | | Common Stock Held In Treasury, At Cost | | Total Equity | | |
| Balance, January 1 | $449 | | $4,668 | | | $9,029 | | $(1,666) | | $3,398 | $9,082 |
| Issuance of stock for various plans, net | — | | 7 | | | — | | — | | (72) | 79 |
| Repurchase of stock | — | | — | | | — | | — | | 823 | (823) |
| Common stock dividends ($0.9250 per share) | — | | — | | | (343) | | — | | — | (343) |
| Comprehensive income (loss) | — | | — | | | 871 | | 177 | | — | 1,048 |
| Ending Balance, June 30 | $449 | | $4,675 | | | $9,557 | | $(1,489) | | $4,149 | $9,043 |
Table 12 after “Table of Contents”
| Three Months Ended June 30, 2021 | | | | | | | | | | | | | |
| In millions, except per share amounts | Common Stock Issued | Paid-in Capital | | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | | Common Stock Held In Treasury, At Cost | | Total International Paper Shareholders’ Equity | Noncontrolling Interests | Total Equity | | | |
| Balance, April 1 | $449 | | $6,267 | | | $8,214 | | $(4,453) | | $2,719 | | $7,758 | $13 | $7,771 |
| Issuance of stock for various plans, net | — | | 44 | | | — | | — | | (2) | | 46 | — | 46 |
| Repurchase of stock | — | | — | | | — | | — | | 58 | | (58) | — | (58) |
| Common stock dividends ($0.5125 per share) | — | | — | | | (204) | | — | | — | | (204) | — | (204) |
| Transactions of equity method investees | — | | 19 | | | — | | — | | — | | 19 | — | 19 |
| Divestiture of noncontrolling interests | — | | — | | | — | | — | | — | | — | (12) | (12) |
First 8 of 10 rows. The download has all of them.
Table 13 after “Table of Contents”
| Six Months Ended June 30, 2021 | | | | | | | | | | | | | |
| In millions, except per share amounts | Common Stock Issued | Paid-in Capital | | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | | Common Stock Held In Treasury, At Cost | | Total International Paper Shareholders’ Equity | Noncontrolling Interests | Total Equity | | | |
| Balance, January 1 | $449 | | $6,325 | | | $8,070 | | $(4,342) | | $2,648 | | $7,854 | $14 | $7,868 |
| Issuance of stock for various plans, net | — | | (14) | | | — | | — | | (86) | | 72 | — | 72 |
| Repurchase of stock | — | | — | | | — | | — | | 213 | | (213) | — | (213) |
| Common stock dividends ($1.0250 per share) | — | | — | | | (409) | | — | | — | | (409) | — | (409) |
| Transactions of equity method investees | — | | 19 | | | — | | — | | — | | 19 | — | 19 |
| Divestiture of noncontrolling interests | — | | — | | | — | | — | | — | | — | (12) | (12) |
First 8 of 10 rows. The download has all of them.
Table 14 after “The following table presents changes in accumulated other comprehensive income (AOCI) for the three months and six months ended June 30, 202”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| In millions | 2022 | 2021 | | 2022 | 2021 | |
| Defined Benefit Pension and Postretirement Adjustments | | | | | | |
| Balance at beginning of period | $(942) | | $(1,846) | | $(962) | $(1,880) |
| Amounts reclassified from accumulated other comprehensive income | 23 | | 37 | | 43 | 71 |
| Balance at end of period | (919) | | (1,809) | | (919) | (1,809) |
| Change in Cumulative Foreign Currency Translation Adjustments | | | | | | |
| Balance at beginning of period | (742) | | (2,599) | | (694) | (2,457) |
First 8 of 18 rows. The download has all of them.
Table 15 after “The following table presents details of the reclassifications out of AOCI for the three months and six months ended June 30, 2022 and 2021:”
| In millions: | Amount Reclassified from Accumulated Other Comprehensive Income | | Location of Amount Reclassified from AOCI | | | | | | |
| Three Months Ended June 30, | | Six Months Ended June 30, | | | | | | | |
| 2022 | | 2021 | | 2022 | 2021 | | | | |
| Defined benefit pension and postretirement items: | | | | | | | | | |
| Prior-service costs | $(6) | | | $(6) | | $(11) | $(12) | (a) | Non-operating pension expense (income) |
| Actuarial gains (losses) | (24) | | | (42) | | (46) | (82) | (a) | Non-operating pension expense (income) |
| Total pre-tax amount | (30) | | | (48) | | (57) | (94) | | |
| Tax (expense) benefit | 7 | | | 11 | | 14 | 23 | | |
First 8 of 19 rows. The download has all of them.
Table 16 after “A reconciliation of the amounts included in the computation of basic earnings (loss) per share and diluted earnings (loss) per share is as f”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| In millions, except per share amounts | 2022 | 2021 | | 2022 | 2021 | |
| Earnings (loss) from continuing operations attributable to International Paper Company common shareholders | $511 | | $308 | | $871 | $575 |
| Weighted average common shares outstanding | 367.6 | | 391.5 | | 371.4 | 392.1 |
| Effect of dilutive securities | | | | | | |
| Restricted performance share plan | 3.1 | | 5.3 | | 4.3 | 5.6 |
| Weighted average common shares outstanding – assuming dilution | 370.7 | | 396.8 | | 375.7 | 397.7 |
| Basic earnings (loss) per share from continuing operations | $1.39 | | $0.79 | | $2.34 | $1.47 |
First 8 of 9 rows. The download has all of them.
Table 17 after “The following table summarizes the final fair value assigned to assets and liabilities acquired as of April 1, 2021:”
| In millions | |
| Cash and temporary investments | $5 |
| Accounts and notes receivable | 10 |
| Inventories | 3 |
| Plants, properties and equipment | 50 |
| Goodwill | 23 |
| Intangible assets | 13 |
| Total assets acquired | $104 |
First 8 of 15 rows. The download has all of them.
Table 18 after “The following summarizes the major classes of line items comprising Earnings (Loss) Before Income Taxes and Equity Earnings reconciled to Di”
| In millions | Three Months Ended June 30, 2021 | Six Months Ended June 30, 2021 | |
| Net Sales | $846 | | $1,617 |
| Costs and Expenses | | | |
| Cost of products sold | 510 | | 1,009 |
| Selling and administrative expenses | 63 | | 122 |
| Depreciation, amortization and cost of timber harvested | 35 | | 76 |
| Distribution expenses | 77 | | 147 |
| Taxes other than payroll and income taxes | 9 | | 18 |
First 8 of 12 rows. The download has all of them.
Table 19 after “Accounts and Notes Receivable”
| In millions | June 30, 2022 | December 31, 2021 | |
| Accounts and notes receivable, net: | | | |
| Trade (less allowances of $29 in 2022 and $34 in 2021) | $3,241 | | $3,027 |
| Other | 221 | | 205 |
| Total | $3,462 | | $3,232 |
Table 20 after “Inventories”
| In millions | June 30, 2022 | December 31, 2021 | |
| Raw materials | $258 | | $245 |
| Finished pulp, paper and packaging | 1,123 | | 1,014 |
| Operating supplies | 460 | | 486 |
| Other | 56 | | 69 |
| Total | $1,897 | | $1,814 |
Table 21 after “Amounts related to interest were as follows:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| In millions | 2022 | 2021 | | 2022 | 2021 | |
| Interest expense | $83 | | $117 | | $160 | $241 |
| Interest income | 9 | | 31 | | 17 | 62 |
| Capitalized interest costs | 4 | | 3 | | 8 | 5 |
Table 22 after “Supplemental Balance Sheet Information Related to Leases”
| In millions | Classification | June 30, 2022 | December 31, 2021 | |
| Assets | | | | |
| Operating lease assets | Right-of-use assets | $383 | | $365 |
| Finance lease assets | Plants, properties and equipment, net (a) | 53 | | 57 |
| Total leased assets | | $436 | | $422 |
| Liabilities | | | | |
| Current | | | | |
| Operating | Other current liabilities | $143 | | $132 |
First 8 of 13 rows. The download has all of them.
Table 23 after “Balance Sheet”
| In millions | June 30, 2022 | December 31, 2021 | |
| Current assets | 1,135 | | $1,010 |
| Noncurrent assets | 4,755 | | 3,145 |
| Current liabilities | 2,238 | | 1,212 |
| Noncurrent liabilities | 2,391 | | 2,047 |
| Noncontrolling interests | 46 | | 24 |
Table 24 after “Income Statement”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| In millions | 2022 | 2021 | | 2022 | 2021 | |
| Net sales | $815 | | $733 | | $1,522 | $1,264 |
| Gross profit | 444 | | 410 | | 843 | 658 |
| Income (loss) from continuing operations | 189 | | 205 | | 372 | 308 |
| Net income (loss) | 185 | | 199 | | 362 | 299 |
Table 25 after “The following table presents changes in goodwill balances as allocated to each business segment for the six-months ended June 30, 2022:”
| In millions | Industrial Packaging | Global Cellulose Fibers | | Total | |
| Balance as of January 1, 2022 | | | | | |
| Goodwill | $3,426 | | $52 | | $3,478 |
| Accumulated impairment losses | (296) | | (52) | | (348) |
| 3,130 | | — | | 3,130 |
| Currency translation and other (a) | (6) | | — | | (6) |
| Goodwill additions/reductions | — | | — | | — |
| Accumulated impairment loss additions / reductions | — | | — | | — |
First 8 of 12 rows. The download has all of them.
Table 26 after “Identifiable intangible assets are recorded in Deferred Charges and Other Assets in the accompanying condensed consolidated balance sheet an”
| June 30, 2022 | December 31, 2021 | | | | | | | | |
| In millions | Gross Carrying Amount | Accumulated Amortization | | Net Intangible Assets | Gross Carrying Amount | Accumulated Amortization | | Net Intangible Assets | | |
| Customer relationships and lists | $490 | | $288 | | $202 | | $493 | | $273 | $220 |
| Tradenames, patents and trademarks, and developed technology | 170 | | 139 | | 31 | | 170 | | 131 | 39 |
| Land and water rights | 8 | | 2 | | 6 | | 8 | | 2 | 6 |
| Other | 22 | | 20 | | 2 | | 24 | | 21 | 3 |
| Total | $690 | | $449 | | $241 | | $695 | | $427 | $268 |
Table 27 after “The Company recognized the following amounts as amortization expense related to intangible assets:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| In millions | 2022 | 2021 | | 2022 | 2021 | |
| Amortization expense related to intangible assets | $11 | | $11 | | $22 | $22 |
Table 28 after “Activity between the Company and the 2007 Financing Entities was as follows:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| In millions | 2022 | 2021 | | 2022 | 2021 | |
| Revenue (a) | $6 | | $6 | | $13 | $13 |
| Expense (b) | 10 | | 6 | | 16 | 12 |
| Cash receipts (c) | 2 | | 1 | | 3 | 3 |
| Cash payments (d) | 6 | | 4 | | 10 | 8 |
Table 29 after “Activity between the Company and the 2015 Financing Entities for the three months and six months ended June 30, 2021 was as follows:”
| In millions | Three Months Ended June 30, 2021 | Six Months Ended June 30, 2021 | |
| Revenue (a) | $23 | | $47 |
| Expense (a) | 13 | | 26 |
| Cash receipts (b) | — | | 47 |
| Cash payments (c) | — | | 14 |
Table 30 after “The notional amounts of qualifying and non-qualifying financial instruments used in hedging transactions were as follows:”
| In millions | June 30, 2022 | December 31, 2021 | |
| Derivatives Not Designated as Hedging Instruments: | | | |
| Electricity contract (MWh) | 0.4 | | 0.5 |
Table 31 after “The following table shows gains or losses recognized in AOCI, net of tax, related to derivative instruments:”
| Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) | | | | | |
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| In millions | 2022 | 2021 | | 2022 | 2021 | |
| Derivatives in Cash Flow Hedging Relationships: | | | | | | |
| Foreign exchange contracts | $— | | $13 | | $— | $7 |
| Total | $— | | $13 | | $— | $7 |
| Derivatives in Net Investment Hedging Relationships: | | | | | | |
| Foreign exchange contracts | $— | | $(5) | | $— | $12 |
First 8 of 9 rows. The download has all of them.
Table 32 after “The amounts of gains and losses recognized in the statement of operations on qualifying and non-qualifying financial instruments used in hed”
| Gain (Loss) Reclassified from AOCI Into Income (Effective Portion) | Location of Gain (Loss) Reclassified from AOCI (Effective Portion) | | | | | |
| Three Months Ended June 30, | Six Months Ended June 30, | | | | | |
| In millions | 2022 | 2021 | | 2022 | 2021 | | |
| Derivatives in Cash Flow Hedging Relationships: | | | | | | | |
| Foreign exchange contracts | $— | | $4 | | $— | $1 | Discontinued operations, net of taxes |
| Total | $— | | $4 | | $— | $1 | |
Table 33 after “The amounts of gains and losses recognized in the statement of operations on qualifying and non-qualifying financial instruments used in hed”
| Gain (Loss) Recognized in Income | Location of Gain (Loss) In Statement of Operations | | | | | |
| Three Months Ended June 30, | Six Months Ended June 30, | | | | | |
| In millions | 2022 | 2021 | | 2022 | 2021 | | |
| Derivatives Not Designated as Hedging Instruments: | | | | | | | |
| Electricity contract | $3 | | $5 | | $11 | $7 | Cost of products sold |
| Foreign exchange contracts | — | | (6) | | — | (6) | Cost of products sold |
| Total | $3 | | $(1) | | $11 | $1 | |
Table 34 after “Level 2 – Significant Other Observable Inputs”
| Assets | | | |
| In millions | June 30, 2022 | December 31, 2021 | | |
| Derivatives not designated as hedging instruments | | | | |
| Electricity contract | $18 | | $10 | |
| Total derivatives | $18 | (a) | $10 | (b) |
Table 35 after “Net periodic pension expense (income) for our qualified and nonqualified U.S. defined benefit plans comprised the following:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| In millions | 2022 | 2021 | | 2022 | 2021 | |
| Service cost | $20 | | $25 | | $43 | $52 |
| Interest cost | 85 | | 84 | | 169 | 167 |
| Expected return on plan assets | (163) | | (183) | | (325) | (366) |
| Actuarial loss | 23 | | 40 | | 44 | 79 |
| Amortization of prior service cost | 5 | | 5 | | 11 | 11 |
| Net periodic pension expense (income) | $(30) | | $(29) | | $(58) | $(57) |
Table 36 after “Stock-based compensation expense and related income tax benefits were as follows:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| In millions | 2022 | 2021 | | 2022 | 2021 | |
| Total stock-based compensation expense (selling and administrative) | $6 | | $47 | | $72 | $61 |
| Income tax benefits related to stock-based compensation | 1 | | (2) | | 13 | 15 |
Table 37 after “Net sales by business segment for the three months and six months ended June 30, 2022 and 2021 were as follows:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| In millions | 2022 | 2021 | | 2022 | 2021 | |
| Industrial Packaging | $4,491 | | $4,030 | | $8,897 | $7,960 |
| Global Cellulose Fibers | 788 | | 680 | | 1,498 | 1,275 |
| Corporate and Intersegment Sales | 110 | | 60 | | 231 | 128 |
| Net Sales | $5,389 | | $4,770 | | $10,626 | $9,363 |
Table 38 after “Operating profit (loss) by business segment for the three months and six months ended June 30, 2022 and 2021 were as follows:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | | | |
| In millions | 2022 | 2021 | | 2022 | | 2021 | | |
| Industrial Packaging | $560 | | $389 | | | $957 | | $810 |
| Global Cellulose Fibers | 25 | | 1 | | | (24) | | (80) |
| Business Segment Operating Profits | $585 | | 390 | | $933 | | 730 | |
| Earnings (loss) from continuing operations before income taxes and equity earnings | $514 | | $252 | | | $876 | | $558 |
| Interest expense, net | 74 | | 86 | | | 143 | | 179 |
| Noncontrolling interests adjustment | (1) | | (1) | | | (1) | | (2) |
First 8 of 13 rows. The download has all of them.
Table 39 after “The following are reconciliations of Net earnings (loss) attributable to shareholders to Adjusted operating earnings (loss) attributable to ”
| Three Months Ended June 30, | Three Months Ended March 31, | | | |
| In millions | 2022 | 2021 | | 2022 | |
| Net earnings (loss) attributable to shareholders | $511 | | $432 | | $360 |
| Less - Discontinued operations (gain) loss | — | | $(124) | | $— |
| Earnings (loss) from continuing operations attributable to shareholders | 511 | | 308 | | 360 |
| Add back - Non-operating pension expense (income) | (47) | | (51) | | (49) |
| Add back - Net special items expense (income) | 18 | | 69 | | (46) |
| Income tax effect - Non-operating pension and net special items expense | (23) | | (1) | | 23 |
First 8 of 9 rows. The download has all of them.
Table 40 after “The following are reconciliations of Net earnings (loss) attributable to shareholders to Adjusted operating earnings (loss) attributable to ”
| Three Months Ended June 30, | Three Months Ended March 31, | | | |
| In millions | 2022 | 2021 | | 2022 | |
| Diluted earnings (loss) per share attributable to shareholders | $1.38 | | $1.09 | | $0.95 |
| Less - Discontinued operations (gain) loss per share | — | | (0.31) | | — |
| Diluted earnings (loss) per share from continuing operations attributable to shareholders | 1.38 | | 0.78 | | 0.95 |
| Add back - Non-operating pension expense (income) per share | (0.13) | | (0.13) | | (0.13) |
| Add back - Net special items expense (income) per share | 0.05 | | 0.17 | | (0.12) |
| Income tax effect per share - Non-operating pension and net special items expense | (0.06) | | — | | 0.06 |
First 8 of 9 rows. The download has all of them.
Table 41 after “The following is a reconciliation of cash provided by operations to free cash flow:”
| Six Months Ended June 30, | | |
| In millions | 2022 | 2021 | |
| Cash provided by operations | $978 | | $1,278 |
| Adjustments: | | | |
| Cash invested in capital projects, net of insurance recoveries | (371) | | (222) |
| Free Cash Flow | $607 | | $1,056 |
Table 42 after “The following table presents a reconciliation of Net earnings (loss) attributable to International Paper Company to its Total business segme”
| Three Months Ended | | | | |
| June 30, | March 31, | | | |
| In millions | 2022 | 2021 | | 2022 | |
| Net Earnings (Loss) from Continuing Operations Attributable to International Paper Company | $511 | | $308 | | $360 |
| Add back (deduct): | | | | | |
| Income tax provision (benefit) | 96 | | 46 | | 95 |
| Equity (earnings) loss, net of taxes | (93) | | (104) | | (93) |
| Noncontrolling interests, net of taxes | — | | 2 | | — |
First 8 of 20 rows. The download has all of them.
Table 43 after “Sales volumes of major products for the three months and six months ended June 30, 2022 and 2021 were as follows:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| In thousands of short tons (except as noted) | 2022 | 2021 | | 2022 | 2021 | |
| Industrial Packaging | | | | | | |
| Corrugated Packaging (b) | 2,619 | | 2,733 | | 5,237 | 5,417 |
| Containerboard | 707 | | 699 | | 1,419 | 1,408 |
| Recycling | 535 | | 568 | | 1,099 | 1,126 |
| Saturated Kraft | 51 | | 50 | | 95 | 95 |
| Gypsum/Release Kraft | 64 | | 68 | | 118 | 123 |
First 8 of 11 rows. The download has all of them.
Table 44 after “Details of these charges were as follows:”
| Three Months Ended | Six Months | | | | |
| June 30, | June 30. | | | | |
| 2021 | 2021 | | | | |
| In millions | Before Tax | After Tax | | Before Tax | After Tax | |
| Printing Papers spin-off | $24 | | $20 | | $49 | $40 |
| Foreign value-added tax credit (including interest) | (70) | | (47) | | (70) | (47) |
| Total | $(46) | | $(27) | | $(21) | $(7) |
Table 45 after “Details of net special items and non-operating pension expense (income) for the three months ended are as follows:”
| Three Months Ended | | | | | | | | | | |
| June 30, | March 31, | | | | | | | | | |
| 2022 | 2021 | | 2022 | | | | | | | |
| In millions | Before Tax | After Tax | | Before Tax | After Tax | Before Tax | | After Tax | | | |
| Business Segments | | | | | | | | | | | |
| EMEA Packaging impairment - Turkey | $— | | $— | | $(8) | | $(2) | | (a) | $— | $— |
| Business Segments Total | — | | — | | (8) | | (2) | | | — | — |
| Corporate | | | | | | | | | | | |
First 8 of 19 rows. The download has all of them.
Table 46 after “Net special items include the following tax expenses (benefits):”
| Three Months Ended | | | | |
| June 30, | March 31, | | | |
| In millions | 2022 | 2021 | | 2022 | |
| Tax benefit related to tax-free exchange of Sylvamo shares | $(31) | | $— | | $— |
| Total | $(31) | | $— | | $— |
Table 47 after “Details of net special items and non-operating pension expense (income) for the six months ended are as follows:”
| Six Months Ended | | | | | | |
| June 30, | | | | | | |
| 2022 | 2021 | | | | | |
| In millions | Before Tax | After Tax | | Before Tax | After Tax | | |
| Business Segments | | | | | | | |
| EMEA Packaging business optimization | $— | | $— | | $12 | $10 | (a) |
| EMEA Packaging impairment - Turkey | — | | — | | (6) | — | (a) |
| Business Segments Total | — | | — | | 6 | 10 | |
First 8 of 20 rows. The download has all of them.
Table 48 after “Net special items include the following tax expenses (benefits):”
| Six Months Ended | | |
| June 30, | | |
| In millions | 2022 | 2021 | |
| Tax benefit related to tax-free exchange of Sylvamo shares | $(31) | | $— |
| Total | $(31) | | $— |
Table 49 after “Industrial Packaging”
| Total Industrial Packaging | 2022 | 2021 | | | | | | | | |
| In millions | 2nd Quarter | 1st Quarter | | Six Months | 2nd Quarter | 1st Quarter | | Six Months | | |
| Sales | $4,491 | | $4,406 | | $8,897 | | $4,030 | | $3,930 | $7,960 |
| Operating Profit (Loss) | $560 | | $397 | | $957 | | $389 | | $421 | $810 |
Table 50 after “Industrial Packaging net sales for the second quarter of 2022 were 2% higher compared with the first quarter of 2022 and 11% higher compared”
| North American Industrial Packaging | 2022 | 2021 | | | | | | | | |
| In millions | 2nd Quarter | 1st Quarter | | Six Months | 2nd Quarter | 1st Quarter | | Six Months | | |
| Sales (a) | $4,126 | | $4,025 | | $8,151 | | $3,663 | | $3,560 | $7,223 |
| Operating Profit (Loss) | $550 | | $400 | | $950 | | $377 | | $395 | $772 |
Table 51 after “Entering the third quarter of 2022, sales volumes for corrugated boxes and export containerboard are expected to be stable compared to the s”
| EMEA Industrial Packaging | 2022 | 2021 | | | | | | | | |
| In millions | 2nd Quarter | 1st Quarter | | Six Months | 2nd Quarter | 1st Quarter | | Six Months | | |
| Sales | $413 | | $410 | | $823 | | $394 | | $396 | $790 |
| Operating Profit (Loss) | $10 | | $(3) | | $7 | | $12 | | $26 | $38 |
Table 52 after “Global Cellulose Fibers”
| Total Global Cellulose Fibers | 2022 | 2021 | | | | | | | | |
| In millions | 2nd Quarter | 1st Quarter | | Six Months | 2nd Quarter | 1st Quarter | | Six Months | | |
| Sales | $788 | | $710 | | $1,498 | | $680 | | $595 | $1,275 |
| Operating Profit (Loss) | $25 | | $(49) | | $(24) | | $1 | | $(81) | $(80) |
Table 53 after “Amounts related to early debt extinguishment during the three and six months ended June 30, 2022 and 2021 were as follows:”
| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| In millions | 2022 | 2021 | | 2022 | 2021 | |
| Early debt reductions (a) | $5 | | $790 | | $5 | $897 |
| Pre-tax early debt extinguishment (gain) loss, net | — | | 170 | | — | 188 |
Table 54 after “PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS.”
| Period | Total Number of Shares Purchased (a) | Average Price Paid per Share | Total Number of Shares Purchased as Part of a Publicly Announced Plan or Program | Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs (in billions) |
| April 1, 2022 - April 30, 2022 | 1,422,545 | $46.55 | 1,420,340 | $2.45 |
| May 1, 2022 - May 31, 2022 | 2,099,262 | 47.61 | 2,096,336 | 2.35 |
| June 1, 2022 - June 30, 2022 | 5,134,940 | 44.58 | 5,134,940 | 2.12 |
| Total | 8,656,747 | | | |
Table 55 after “ITEM 6. EXHIBITS”
| 31.1 | Certification of principal executive officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 31.2 | Certification of principal financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 32 | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
| 101.INS | XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the inline XBRL document. |
| 101.SCH | XBRL Taxonomy Extension Schema. |
| 101.CAL | XBRL Taxonomy Extension Calculation Linkbase. |
| 101.DEF | XBRL Taxonomy Extension Definition Linkbase. |
| 101.LAB | XBRL Taxonomy Extension Label Linkbase. |
First 8 of 10 rows. The download has all of them.