INTERNATIONAL PAPER CO /NEW/

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

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.

See the whole filing, with its images and exhibits

Contents

Item 6. RESERVED

ITEM 7.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.	36
	Executive Summary	37
	Results of Operations	42
	Description of Business Segments	44
	Business Segment Results	44
	Liquidity and Capital Resources	45
	Critical Accounting Policies and Significant Accounting Estimates	49
	Legal Proceedings	53
	Recent Accounting Developments	53
	Effect of Inflation	53
	Foreign Currency Effects	53
	Market Risk	54

INDEX TO ANNUAL REPORT ON FORM 10-K

FOR THE YEAR ENDED DECEMBER 31, 2025

ITEM 7A.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKETRISK.	54
ITEM 8.	FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.	55
	Report of Management on Financial Statements, Internal Control overFinancial Reporting and Internal Control Environment and Board ofDirectors Oversight	55
	Reports of Deloitte & Touche LLP, Independent Registered Public Accounting Firm	57
	Consolidated Statement of Operations	62
	Consolidated Statement of Comprehensive Income (Loss)	63
	Consolidated Balance Sheet	64
	Consolidated Statement of Cash Flows	65
	Consolidated Statement of Changes in Equity	66
	Notes to Consolidated Financial Statements	67
ITEM 9.	CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.	120
ITEM 9A.	CONTROLS AND PROCEDURES.	120
ITEM 9B.	OTHER INFORMATION.	120
ITEM 9C.	DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS.	120
PART III.		121
ITEM 10.	DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.	121
ITEM 11.	EXECUTIVE COMPENSATION.	121
ITEM 12.	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.	122
ITEM 13.	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.	122
ITEM 14.	PRINCIPAL ACCOUNTANT FEES AND SERVICES.	122
PART IV.		122
ITEM 15.	EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.	122
	Additional Financial Data	123
	SIGNATURES.	130
APPENDIX I	2025 LISTING OF FACILITIES.	A-1

Part I

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.