| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||||||||
22,376 | 23,306 | 21,743 | 19,495 | 20,675 | 23,617 | 23,483 | 21,852 | 26,034 | 25,179 | 23,366 | 24,829 | 21,890 |
Costs and Expenses | ||||||||||||
Cost of products sold | ||||||||||||
15,268 | 15,555 | 14,802 | 13,419 | 14,313 | 16,254 | 16,282 | 15,287 | 18,960 | 18,482 | 15,220 | 18,742 | 16,060 |
Selling and administrative expenses | ||||||||||||
1,647 | 1,723 | 1,621 | 1,458 | 1,539 | 1,793 | 1,796 | 1,674 | 1,887 | 1,930 | 2,031 | 1,947 | 1,831 |
Depreciation, amortization and cost of timber harvested | ||||||||||||
1,306 | 1,328 | 1,343 | 1,124 | 1,167 | 1,406 | 1,531 | 1,473 | 1,332 | 1,456 | 1,472 | 1,347 | 1,086 |
Distribution expenses | ||||||||||||
1,560 | 1,567 | 1,434 | 1,237 | 1,248 | 1,521 | 1,583 | 1,470 | 1,390 | 1,318 | 1,175 | 1,286 | 1,034 |
Taxes other than payroll and income taxes | ||||||||||||
170 | 171 | 169 | 154 | 158 | 180 | 178 | 159 | 146 | 192 | 188 | 182 | 169 |
Restructuring and other charges, net | ||||||||||||
57 | 29 | 67 | 54 | 252 | 846 | 156 | 65 | 102 | 394 | 1,353 | 370 | 95 |
Impairment of goodwill and other intangibles | ||||||||||||
- | - | - | - | 137 | 100 | 127 | 0 | 0 | - | - | - | - |
Gain on sale of mineral rights | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 261 | 0 |
Gain on sale of forestlands | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 6 | 9 |
Impairments of goodwill | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,777 | 0 |
Net (gains) losses on sales and impairments of businesses | ||||||||||||
-205 | -122 | -9 | -70 | -174 | -38 | -3 | -86 | -218 | 23 | -59 | -106 | 327 |
Gain (Loss) Related to Litigation Settlement | ||||||||||||
32 | 0 | 354 | 0 | 0 | - | - | - | - | - | - | - | - |
Net bargain purchase gain on acquisition of business | ||||||||||||
0 | 0 | 6 | 0 | 0 | - | 13 | 0 | 0 | - | - | - | - |
Interest expense, net | ||||||||||||
-491 | -536 | -572 | -520 | -555 | -607 | -612 | -671 | -541 | -608 | -669 | 492 | 297 |
Non-operating pension expense (income) | ||||||||||||
36 | 494 | 530 | 664 | - | - | - | - | - | - | - | - | - |
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings | ||||||||||||
1,604 | 1,781 | 848 | 795 | 1,132 | 872 | 1,228 | 967 | 1,458 | 822 | 1,199 | -1,153 | 1,654 |
Income Tax Expense (Benefit) | ||||||||||||
634 | 445 | -1,085 | 193 | 417 | 123 | -498 | 306 | 311 | 221 | 469 | 162 | 415 |
Equity earnings (loss), net of taxes | ||||||||||||
250 | 336 | 177 | 198 | 117 | -200 | -39 | 61 | 140 | 111 | -26 | 49 | 0 |
EARNINGS (LOSS) FROM CONTINUING OPERATIONS | ||||||||||||
1,220 | 1,672 | 2,110 | 800 | 832 | 549 | 1,687 | 722 | 1,287 | 712 | 704 | -1,266 | 1,239 |
Discontinued operations, net of taxes | ||||||||||||
0 | 345 | 34 | 102 | 85 | -13 | -309 | 77 | 49 | 0 | 0 | -13 | -47 |
Net Earnings (Loss) | ||||||||||||
1,220 | 2,017 | 2,144 | 902 | 917 | 536 | 1,378 | 799 | 1,336 | 712 | 704 | -1,279 | 1,192 |
Less: Net earnings (loss) attributable to noncontrolling interests | ||||||||||||
-5 | 5 | 0 | -2 | -21 | -19 | -17 | 5 | 14 | 21 | 18 | 3 | 24 |
Net Earnings (Loss) Attributable to International Paper Company | ||||||||||||
1,225 | 2,012 | 2,144 | 904 | 938 | 555 | 1,395 | 794 | 1,322 | 691 | 686 | -1,282 | 1,168 |
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders | ||||||||||||
Earnings (loss) from continuing operations | ||||||||||||
3.10 | 4.07 | 5.11 | 1.95 | 2.05 | 1.33 | 3.85 | 1.65 | 2.95 | 1.61 | 1.61 | -3.02 | 2.83 |
Discontinued operations, net of taxes | ||||||||||||
0.00 | 0.84 | 0.08 | 0.25 | 0.20 | -0.03 | -0.70 | 0.17 | 0.11 | 0.00 | 0.00 | -0.03 | -0.11 |
Net earnings (loss) | ||||||||||||
3.10 | 4.91 | 5.19 | 2.20 | 2.25 | 1.30 | 3.15 | 1.82 | 3.06 | 1.61 | 1.61 | -3.05 | 2.72 |
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders | ||||||||||||
Earnings (loss) from continuing operations | ||||||||||||
3.07 | 4.02 | 5.05 | 1.93 | 2.03 | 1.31 | 3.80 | 1.63 | 2.92 | 1.59 | 1.61 | -3.02 | 2.81 |
Discontinued operations, net of taxes | ||||||||||||
0.00 | 0.83 | 0.08 | 0.25 | 0.20 | -0.02 | -0.69 | 0.17 | 0.11 | 0.00 | 0.00 | -0.03 | -0.11 |
Net earnings (loss) | ||||||||||||
3.07 | 4.85 | 5.13 | 2.18 | 2.23 | 1.29 | 3.11 | 1.80 | 3.03 | 1.59 | 1.61 | -3.05 | 2.70 |
Amounts Attributable to International Paper Company Common Shareholders | ||||||||||||
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | ||||||||||||
- | - | - | 802 | 853 | 568 | 1,704 | 717 | 1,273 | 691 | 686 | -1,269 | 1,215 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ||||||||||||
0 | 345 | 34 | 102 | 85 | -13 | -309 | 77 | 49 | 0 | 0 | -13 | -47 |
Net Earnings (Loss) Attributable to International Paper Company | ||||||||||||
1,225 | 2,012 | 2,144 | 904 | 938 | 555 | 1,395 | 794 | 1,322 | 691 | 686 | -1,282 | 1,168 |