INTERNATIONAL PAPER CO /NEW/
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| NET SALES | $23,634 | $15,835 | $16,033 |
| COSTS AND EXPENSES | |||
| Cost of products sold | 16,637 | 11,397 | 11,512 |
| Selling and administrative expenses | 2,050 | 1,703 | 1,257 |
| Depreciation and amortization | 2,747 | 851 | 1,146 |
| Distribution expenses | 2,000 | 1,180 | 1,240 |
| Taxes other than payroll and income taxes | 210 | 119 | 127 |
| Restructuring charges, net | 626 | 103 | 65 |
| Impairment of goodwill | 2,467 | — | — |
| Net (gains) losses on sales and impairments of businesses | (25) | — | — |
| Net (gains) losses on sales and impairments of assets | (70) | (59) | — |
| Interest expense, net | 372 | 214 | 230 |
| Non-operating pension (income) expense | (12) | (42) | 54 |
| EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY EARNINGS (LOSSES) | (3,368) | 369 | 402 |
| Income tax provision (benefit) | (533) | (361) | 68 |
| Equity earnings (loss), net of taxes | (3) | (5) | (21) |
| EARNINGS (LOSS) FROM CONTINUING OPERATIONS | (2,838) | 725 | 313 |
| Discontinued operations, net of taxes | (678) | (168) | (25) |
| NET EARNINGS (LOSS) | (3,516) | 557 | 288 |
| BASIC EARNINGS (LOSS) PER SHARE | |||
| Earnings (loss) from continuing operations | $(5.61) | $2.09 | $0.90 |
| Discontinued operations | (1.34) | (0.49) | (0.07) |
| Net earnings (loss) | $(6.95) | $1.60 | $0.83 |
| DILUTED EARNINGS (LOSS) PER SHARE | |||
| Earnings (loss) from continuing operations | $(5.61) | $2.05 | $0.89 |
| Discontinued operations | (1.34) | (0.48) | (0.07) |
| Net earnings (loss) | $(6.95) | $1.57 | $0.82 |
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