Sylvamo Corp
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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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.
FY2023 · Filed Feb 21, 2024
SLVM$39.38+19.1%Stored close · as of Nov 6, 2026
Contents
Item 1. BUSINESS
CONSOLIDATED AND COMBINED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| In millions for the years ended December 31 | 2023 | 2022 | 2021 |
|---|---|---|---|
| NET INCOME | $253 | $118 | $331 |
| OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX | |||
| Defined Benefit Pension and Postretirement Adjustments: | |||
| Amortization of pension and postretirement net loss | 1 | — | 1 |
| Pension and postretirement liability adjustments (less tax of $1, $1 and $0) | (2) | 4 | (3) |
| Change in cumulative foreign currency translation adjustment | 91 | 56 | (173) |
| Net gains/losses on cash flow hedging derivatives: | |||
| Net gains (losses) arising during the period (less tax of $10, $17 and $1) | 19 | 41 | (2) |
| Reclassification adjustment for (gains) losses included in net earnings (less tax of $12, $7 and $0) | (27) | (13) | (1) |
| TOTAL OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX | 82 | 88 | (178) |
| COMPREHENSIVE INCOME (LOSS) | $335 | $206 | $153 |
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