INTERNATIONAL PAPER CO NEW
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
IP$35.53+2.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Operations
| In millions, except per share amounts, for the years ended December 31 | 2023 | 2022 | 2021 |
|---|---|---|---|
| NET SALES | $18,916 | $21,161 | $19,363 |
| COSTS AND EXPENSES | |||
| Cost of products sold | 13,629 | 15,143 | 13,832 |
| Selling and administrative expenses | 1,360 | 1,293 | 1,385 |
| Depreciation, amortization and cost of timber harvested | 1,432 | 1,040 | 1,097 |
| Distribution expenses | 1,575 | 1,783 | 1,444 |
| Taxes other than payroll and income taxes | 154 | 148 | 139 |
| Restructuring and other charges, net | 99 | 89 | 509 |
| Net (gains) losses on sales and impairments of businesses | — | 76 | (7) |
| Net (gains) losses on sales of equity method investments | — | 10 | (204) |
| Net (gains) losses on mark to market investments | — | (65) | 32 |
| Interest expense, net | 231 | 325 | 337 |
| Non-operating pension (income) expense | 54 | (192) | (200) |
| EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY EARNINGS (LOSSES) | 382 | 1,511 | 999 |
| Income tax provision (benefit) | 59 | (236) | 188 |
| Equity earnings (loss), net of taxes | (21) | (6) | 2 |
| EARNINGS (LOSS) FROM CONTINUING OPERATIONS | 302 | 1,741 | 813 |
| Discontinued operations, net of taxes | (14) | (237) | 941 |
| NET EARNINGS (LOSS) | 288 | 1,504 | 1,754 |
| Less: Net earnings (loss) attributable to noncontrolling interests | — | — | 2 |
| NET EARNINGS (LOSS) ATTRIBUTABLE TO INTERNATIONAL PAPERCOMPANY | $288 | $1,504 | $1,752 |
| BASIC EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS | |||
| Earnings (loss) from continuing operations | $0.87 | $4.79 | $2.08 |
| Discontinued operations, net of taxes | (0.04) | (0.65) | 2.42 |
| Net earnings (loss) | $0.83 | $4.14 | $4.50 |
| DILUTED EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS | |||
| Earnings (loss) from continuing operations | $0.86 | $4.74 | $2.07 |
| Discontinued operations, net of taxes | (0.04) | (0.64) | 2.40 |
| Net earnings (loss) | $0.82 | $4.10 | $4.47 |
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