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Tables in the 10-Q of INTERNATIONAL PAPER CO /NEW/

48 tables with numbers, filed May 7, 2025. Each one downloads as a CSV for Excel or Google Sheets, 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 Ended March 31, 2025 and 2024	1
	Condensed Consolidated Statement of Comprehensive Income - Three Months Ended March 31, 2025 and 2024	2
	Condensed Consolidated Balance Sheet - March 31, 2025 and December 31, 2024	3
	Condensed Consolidated Statement of Cash Flows - Three Months Ended March 31, 2025 and 2024	4
	Condensed Notes to Consolidated Financial Statements	5

	Three Months Ended March 31,
	2025	2024
Net Sales	$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

	March 31, 2025	December 31, 2024
	(unaudited)
Assets
Current Assets
Cash and temporary investments	$1,156		$1,170
Accounts and notes receivable, net	4,565		2,966
Contract assets	443		396
Inventories	2,590		1,784

	Three Months Ended March 31, 2025
In millions	Packaging Solutions North America	Packaging Solutions EMEA		Global Cellulose Fibers	Corporate & Intersegment	Total
Primary Geographical Markets (a)
United States	$3,498		$—		$619		$6	$4,123
Europe, Middle East and Africa	—		1,550		23		—	1,573
Pacific Rim and Asia	11		—		1		—	12
Americas, other than U.S.	193		—		—		—	193
Total	$3,702		$1,550		$643		$6	$5,901

	Three Months Ended March 31, 2024
In millions	Packaging Solutions North America	Packaging Solutions EMEA		Global Cellulose Fibers	Corporate & Intersegment	Total
Primary Geographical Markets (a)
United States	$3,265		$—		$650		$81	$3,996
Europe, Middle East and Africa	—		348		20		—	368
Pacific Rim and Asia	14		—		34		—	48
Americas, other than U.S.	207		—		—		—	207
Total	$3,486		$348		$704		$81	$4,619

	Three Months Ended March 31, 2025
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		$4,732			$9,393		$(1,722)		$4,679	$8,173
Issuance of stock for various plans, net	—		(113)			—		—		(159)	46
Issuance of stock for DS Smith acquisition	178		9,731			—		—		—	9,909
Repurchase of stock	—		—			—		—		62	(62)
Common stock dividends ($0.4625 per share)	—		—			(250)		—		—	(250)
Comprehensive income (loss)	—		—			(105)		381		—	276

In millions:	Amount Reclassified from Accumulated Other Comprehensive Income		Location of Amount Reclassified from AOCI
Three Months Ended March 31,
2025		2024
Defined benefit pension and postretirement items:
Prior-service costs	$(4)			$(3)	(a)	Non-operating pension expense (income)
Actuarial gains (losses)	(18)			(19)	(a)	Non-operating pension expense (income)
Settlement charge	(8)			—	(a)	Non-operating pension expense (income)
Total pre-tax amount	(30)			(22)

In millions
Cash and temporary investments	$448
Accounts and notes receivable, net	1,386
Inventories	852
Other current assets	147
Plants, properties and equipment	6,429
Intangibles	4,327
Goodwill	4,048

In millions	Estimated Fair Value	Average Useful Life
Customer relationships and lists	$3,843		18 years
Tradenames, patents and trademarks, and developed technology	379		15 years
Software (a)	90		3 - 5 years
Other	15		Indefinite lived
Total	$4,327

	Three Months Ended March 31,
In millions	2025 (Unaudited)	2024 (Unaudited)
Net Sales	$6,636		$6,726
Net Earnings (Loss)	(107)		11

	Three Months Ended March 31,
In millions	2025	2024
Defined Benefit Pension and Postretirement Adjustments
Balance at beginning of period	$(1,312)		$(1,276)
Amounts reclassified from accumulated other comprehensive income	24		17
Balance at end of period	(1,288)		(1,259)
Change in Cumulative Foreign Currency Translation Adjustments
Balance at beginning of period	(402)		(281)

	Three Months Ended March 31,
In millions, except per share amounts	2025	2024
Net earnings (loss)	$(105)		$56
Weighted average common shares outstanding	437.6		346.7
Effect of dilutive securities (a)
Restricted performance share plan	—		1.8
Weighted average common shares outstanding – assuming dilution	437.6		348.5
Basic earnings (loss) per share	$(0.24)		$0.16

In millions	March 31, 2025	December 31, 2024
Trade (less allowances of $66 and $30, respectively)	$3,959		$2,703
Other	606		263
Total	$4,565		$2,966

In millions	March 31, 2025	December 31, 2024
Raw materials	$481		$188
Finished pulp, paper and packaging	1,250		934
Operating supplies	753		623
Other	106		39
Total	$2,590		$1,784

In millions	Classification	March 31, 2025	December 31, 2024
Assets
Operating lease assets	Right-of-use assets	$695		$433
Finance lease assets	Plants, properties and equipment, net (a)	82		39
Total leased assets		$777		$472
Liabilities
Current
Operating	Other current liabilities	$232		$156

In millions	Operating Leases	Financing Leases		Total
2025	$199		$21		$220
2026	209	22		231
2027	149	18		167
2028	92	14		106
2029	49	11		60
Thereafter	94	16		110
Total lease payments	792	102		894

In millions	Amortization Expense
2025	$216
2026	287
2027	268
2028	265
2029	252
Thereafter	3,276
Total	$4,564

	Gain (Loss) Recognized in AOCI on Derivatives
	Three Months Ended March 31,
In millions	2025	2024
Derivatives in Cash Flow Hedging Relationships:
Commodity contacts	$(52)		$—
Derivatives in Net Investment Hedging Relationships:
External debt	$8		$—

	Gain (Loss) Reclassified from AOCI Into Income	Location of Gain (Loss) Reclassified from AOCI
	Three Months Ended March 31,
In millions	2025		2024
Derivatives in Cash Flow Hedging Relationships:
Commodity contracts	$1			$—	Cost of products sold

	Gain (Loss) Recognized in Income	Location of Gain (Loss) In Statement of Operations
	Three Months Ended March 31,
In millions	2025		2024
Derivatives in Cash Flow Hedging Relationships:
Commodity contracts	$5			$—	Cost of products sold
Derivatives Not Designated as Hedging Instruments:
Electricity contract	—			(9)	Cost of products sold
Commodity contracts	(6)			—	Cost of products sold

In millions	March 31, 2025	March 31, 2024
Packaging Solutions North America	$182		$193
Packaging Solutions EMEA	106		18
Global Cellulose Fibers	36		34
Subtotal	324		245
Corporate and other	6		6
Capital Expenditures	$330		$251

	Three Months Ended March 31,	Three Months Ended December 31,
In millions	2025	2024		2024
Net earnings (loss)	$(105)		$56		$(147)
Add back - Non-operating pension expense (income)	3		(12)		(8)
Add back - Net special items expense (income)	249		18		182
Income taxes - Non-operating pension and special items (a)	(46)		(1)		(34)
Adjusted operating earnings (loss)	$101		$61		$(7)

	Three Months Ended
	March 31,	December 31,
	2025	2024		2024
In millions	Before Tax	After Tax		Before Tax		After Tax	Before Tax		After Tax
DS Smith combination costs	$221		$183		(a)	$5		$4		(a)	$38	$38	(a)
Severance and other costs	83		63		(b)	8		6		(b)	162	122	(b)
Global Cellulose Fibers strategic options costs	12		9		(a)	—		—			5	4	(a)
Environmental remediation adjustments	—		—			—		—			35	26	(c)

	Three Months Ended March 31,	Three Months Ended December 31,		Change Compared to March 31, 2024	Change Compared to December 31, 2024
In millions	2025	2024		2024		$%	$%
Net sales	$5,901		$4,619			$4,580		$1,282	28%	$1,321	29%
Cost of products sold	4,259		3,424			3,250		835	24%	1,009	31%
Selling and administrative expenses	530		358			521		172	48%	9	2%
Depreciation and amortization	571		278			499		293	105%	72	14%
Distribution expenses	483		391			348		92	24%	135	39%
Taxes other than payroll and income taxes	93		41			34		52	127%	59	174%

Tables in the 10-Q of INTERNATIONAL PAPER CO /NEW/

Table 1 after “INDEX”

Table 2 after “(In millions, except per share amounts)”

Table 3 after “(In millions)”

Table 4 after “(In millions)”

Table 5 after “(In millions)”

Table 6 after “Disaggregated Revenue”

Table 7 after “(a) Net sales are attributed to countries based on the location of the seller.”

Table 8 after “A summary of the changes in equity for the three months ended March 31, 2025 and 2024 is provided below:”

Table 9 after “A summary of the changes in equity for the three months ended March 31, 2025 and 2024 is provided below:”

Table 10 after “The following table presents changes in Accumulated Other Comprehensive Income (Loss) ("AOCI"), net of tax, for the three months ended March”

Table 11 after “The following table presents details of the reclassifications out of AOCI for the three months ended March 31, 2025 and 2024:”

Table 12 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”

Table 13 after “The following table summarizes the provisional fair value assigned to assets and liabilities acquired as of January 31, 2025:”

Table 14 after “The identifiable intangible assets acquired in connection with the acquisition of DS Smith included the following:”

Table 15 after “Below are the consolidated results on an unaudited pro forma basis assuming the acquisition of DS Smith had closed on January 1, 2024:”

Table 16 after “Accounts and Notes Receivable, Net”

Table 17 after “Inventories”

Table 18 after “Amounts related to interest were as follows:”

Table 19 after “Supplemental Balance Sheet Information Related to Leases”

Table 20 after “Maturity of Lease Liabilities”

Table 21 after “The following table presents changes in goodwill balances as allocated to each business segment for the three months ended March 31, 2025:”

Table 22 after “Identifiable intangible assets comprised of the following:”

Table 23 after “The Company recognized the following amounts as amortization expense related to intangible assets:”

Table 24 after “Based on current intangibles subject to amortization, estimated amortization expense for each of the succeeding years is as follows:”

Table 25 after “Activity between the Company and the 2007 Financing Entities was as follows:”

Table 26 after “The notional amounts of financial instruments used in hedging transactions were as follows:”

Table 27 after “The following table shows gains or losses recognized in AOCI, net of tax, related to derivative instruments:”

Table 28 after “The amounts of gains and losses recognized in the statement of operations on financial instruments used in hedging transactions were as foll”

Table 29 after “The amounts of gains and losses recognized in the statement of operations on financial instruments used in hedging transactions were as foll”

Table 30 after “The following table provides a summary of the impact of our derivative instruments in the balance sheet:”

Table 31 after “Net periodic pension expense (income) for our qualified and nonqualified defined benefit plans and the Group Plan, comprised the following:”

Table 32 after “Table of Contents”

Table 33 after “Table of Contents”

Table 34 after “million for other items.”

Table 35 after “Assets”

Table 36 after “Capital Expenditures”

Table 37 after “External Sales By Segment (c)”

Table 38 after “The following is a reconciliation of Net earnings (loss) to Adjusted operating earnings (loss) on a total basis. Additional detail is provid”

Table 39 after “Details of net special items expense (income) included in continuing operations for the three months ended are as follows:”

Table 40 after “The following is a reconciliation of Net earnings (loss) to Adjusted operating earnings (loss) on a per share basis:”

Table 41 after “The following is a reconciliation of cash provided by operations to free cash flow:”

Table 42 after “The following summarizes our results of operations for first quarter of 2025 compared with the fourth quarter of 2024 and the first quarter ”

Table 43 after “The following is a reconciliation of the net income tax provision (benefit) to the operational income tax provision (a non-GAAP financial me”

Table 44 after “Packaging Solutions North America”

Table 45 after “Packaging Solutions EMEA”

Table 46 after “Global Cellulose Fibers”

Table 47 after “PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS.”

Table 48 after “ITEM 6. EXHIBITS”

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)
January 1, 2025 - January 31, 2025	2,262		$53.82	—	$2.96
February 1, 2025 - February 28, 2025	1,099,444		55.92	—	2.96
March 1, 2025 -March 31, 2025	2,188		51.58	—	2.96
Total	1,103,894

10.1	Deed of Guarantee dated March 10, 2025, between International Paper Company in respect of the 2026 Notes (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K dated March 11, 2025).
10.2	Deed of Guarantee dated March 10, 2025, between International Paper Company in respect of the 2027 Notes (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K dated March 11, 2025).
10.3	Deed of Guarantee dated March 10, 2025, between International Paper Company in respect of the 2029 Notes (incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K dated March 11, 2025).
10.4	Deed of Guarantee dated March 10, 2025, between International Paper Company in respect of the 2030 Notes (incorporated by reference to Exhibit 10.4 to the Company’s Current Report on Form 8-K dated March 11, 2025).
10.5	Form of Notice of Award under the Recognition Plan Restricted Stock Unit Award Agreement (stock settled) providing for pro-rata treatment of awards in the event of divestiture. *+
10.6	Form of Notice of Award under the Recognition Plan Restricted Stock Unit Award Agreement (cash settled) providing for pro-rata treatment of awards in the event of divestiture. *+
10.7	Employment Offer Letter dated February 26, 2025, between International Paper Company and Lance T. Loeffler (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K dated February 28, 2025). +
10.8	Notice of Award under the 2025 Long-Term Incentive Plan Restricted Stock Unit Inducement Award (stock settled) between International Paper Company and Lance T. Loeffler, accepted April 22, 2025. *+