🟢 New in Current Filing Risks Related to our Operations 🔒

🟢 New in Current Filing Risks Related to Legal Proceedings and Compliance Costs 🔒

🟢 New in Current Filing Risks Related to our Indebtedness 🔒

🟢 New in Current Filing Risks Related to our Pension and Healthcare Costs 🔒

🟢 New in Current Filing We may fail to successfully integrate DS Smith and realize the anticipated benefits and operating synergies expected from the business combination, which could adversely affect our business, financial condition and operating results. 🔒

🟢 New in Current Filing The business combination may expose us to significant unanticipated liabilities that could adversely affect our business, financial condition and results of operations. 🔒

🟢 New in Current Filing Our maintenance of two exchange listings may adversely affect liquidity in the market for our shares of common stock and result in pricing differentials of shares of common stock between the two exchanges. 🔒

🟢 New in Current Filing Changes in the cost and availability of raw materials, energy and transportation have recently affected, and could continue to affect, our profitability. 🔒

🟢 New in Current Filing Competition and downward pricing pressure in the global packaging industry could negatively impact our financial results. 🔒

🟢 New in Current Filing We are affected by adverse developments in general business and economic conditions, which could have an adverse effect on the demand for our products, our financial condition and the results of our operations. 🔒

🟢 New in Current Filing Changes in international conditions or other risks arising from conducting business internationally could adversely affect our business and operations. 🔒

🟢 New in Current Filing Material disruptions at one of our manufacturing facilities could negatively impact financial results. 🔒

🟢 New in Current Filing We operate in a challenging market for talent and may fail to attract and retain qualified personnel, including key management personnel. 🔒

🟢 New in Current Filing Our failure to maintain good employee or labor relations may affect our respective operations. 🔒

🟢 New in Current Filing We may be unable to realize the expected benefits and cost savings associated with restructuring initiatives, including our 80/20 strategic approach. 🔒

🟢 New in Current Filing We may not achieve the expected benefits from strategic acquisitions, joint ventures, divestitures, spin-offs, capital investments, capital projects and other corporate transactions that are or will be pursued. 🔒

🟢 New in Current Filing There are risks associated with our review of strategic options for our Global Cellulose Fibers business, and there is no assurance that this review will result in any transaction or other outcome. 🔒

🟢 New in Current Filing Our continued growth will depend on our ability to retain existing customers and attract new customers. 🔒

🟢 New in Current Filing Uninsured losses or losses in excess of our insurance coverage for various risks could have an adverse financial effect on our business. 🔒

🟢 New in Current Filing We may not be able to adequately secure and protect our intellectual property rights, which could harm our competitive advantage. 🔒

🟢 New in Current Filing We may fail to identify or leverage digital and/or AI transformation initiatives. 🔒

🟢 New in Current Filing Results of legal proceedings could have a material effect on our consolidated financial results. 🔒

🟢 New in Current Filing We could be exposed to liability for Brazilian taxes under our agreements with Sylvamo Corporation. 🔒

🟢 New in Current Filing If our spin-off of Sylvamo Corporation were to fail to qualify for non-recognition treatment for U.S. federal income tax purposes, then we may be subject to significant U.S. federal income taxes. 🔒

🟢 New in Current Filing The level of our indebtedness could adversely affect our financial condition and impair our ability to operate our business. 🔒

🟢 New in Current Filing We are subject to risks associated with variable rate debt. 🔒

🟢 New in Current Filing Downgrades in the credit ratings of banks issuing certain letters of credit will increase our cost of maintaining certain indebtedness and may result in the acceleration of deferred taxes. 🔒

🟢 New in Current Filing Our U.S. funded pension plan is currently fully funded on a projected benefit obligation basis; however, the possibility exists that over time we may be required to make cash payments to the plan, reducing the cash available for our business. 🔒

🟢 New in Current Filing Oversight of Third Parties 🔒

🟢 New in Current Filing EXECUTIVE SUMMARY 🔒

🟢 New in Current Filing Acquisition of DS Smith 🔒

🟢 New in Current Filing Reconciliation of Net earnings (loss) to Adjusted operating earnings (loss) 🔒

🟢 New in Current Filing RESULTS OF OPERATIONS 🔒

🟢 New in Current Filing TWELVE MONTHS ENDED DECEMBER 31, 2024 COMPARED TO THE TWELVE MONTHS ENDED DECEMBER 31, 2023 🔒

🟢 New in Current Filing Cost of products sold 🔒

🟢 New in Current Filing Selling and administrative expenses 🔒

🟢 New in Current Filing Depreciation and amortization 🔒

🟢 New in Current Filing Distribution expenses 🔒

🟢 New in Current Filing Taxes other than payroll and income taxes 🔒

🟢 New in Current Filing Interest expense, net 🔒

🟢 New in Current Filing Income tax provision (benefit) 🔒

🟢 New in Current Filing Industrial Packaging In millions20242023Net Sales$15,534 $15,596 Operating Profit (Loss)$951 $919 🔒

🟢 New in Current Filing EMEA Industrial Packaging In millions20242023Net Sales$1,355 $1,398 Operating Profit (Loss)$60 $80 🔒

🟢 New in Current Filing INVESTMENT ACTIVITIES 🔒

🟢 New in Current Filing LIQUIDITY AND CAPITAL RESOURCES OUTLOOK FOR 2025 🔒

🟢 New in Current Filing LEGAL PROCEEDINGS 🔒

🟢 New in Current Filing Income taxes — Legal entity restructuring — Refer to Note 12 to the financial statements 🔒

🟢 New in Current Filing OTHER-THAN-TEMPORARY IMPAIRMENT 🔒

🟢 New in Current Filing INVENTORIES 🔒

🟢 New in Current Filing IMPAIRMENT OF LONG-LIVED ASSETS 🔒

🟢 New in Current Filing FAIR VALUE MEASUREMENTS 🔒

🟢 New in Current Filing Disaggregation of Income Statement Expenses 🔒

🟢 New in Current Filing DISAGGREGATED REVENUE 🔒

🟢 New in Current Filing NOTE 13 COMMITMENTS AND CONTINGENT LIABILITIES 🔒

🟢 New in Current Filing PLAN ASSETS 🔒

🟢 New in Current Filing Fair Value Measurement at December 31, 2024 🔒

🟢 New in Current Filing Other Investments at December 31, 2024InvestmentFair ValueUnfunded CommitmentsRedemption FrequencyRemediation Notice PeriodIn millionsHedge funds$1,148 $93 Quarterly to semi-annually45 - 60 daysPrivate equity599 50 (a)NoneReal estate funds689 79 Quarterly45 - 60 daysTotal$2,436 $222 🔒

🔴 No Match in Current Filing Engagement of Third Parties 🔒

🔴 No Match in Current Filing RESULTS OF OPERATIONS 🔒

🔴 No Match in Current Filing INTEREST EXPENSE AND EQUITY EARNINGS, NET OF TAXES 🔒

🔴 No Match in Current Filing SPECIAL ITEMS 🔒

🔴 No Match in Current Filing INDUSTRIAL PACKAGING 🔒

🔴 No Match in Current Filing North American Industrial PackagingIn millions20232022Net Sales (a)$14,293 $16,011 Operating Profit (Loss)$1,186 $1,753 🔒

🔴 No Match in Current Filing INVESTMENT ACTIVITIES 🔒

🔴 No Match in Current Filing LIQUIDITY AND CAPITAL RESOURCES OUTLOOK FOR 2024 🔒

🔴 No Match in Current Filing EFFECT OF INFLATION 🔒

🔴 No Match in Current Filing DILUTED EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS 🔒

🔴 No Match in Current Filing Printing Papers Spin-off 🔒

🔴 No Match in Current Filing BUSINESS COMBINATIONS 🔒

🔴 No Match in Current Filing LEASED ASSETS 🔒

🔴 No Match in Current Filing IMPAIRMENT OF LONG-LIVED ASSETS 🔒

🔴 No Match in Current Filing NOTE 2 RECENT ACCOUNTING DEVELOPMENTS 🔒

🔴 No Match in Current Filing Liabilities - Supplier Finance Programs 🔒

🔴 No Match in Current Filing Primary Geographical Markets (a) 🔒

🔴 No Match in Current Filing NOTE 7 ACQUISITIONS 🔒

🔴 No Match in Current Filing PRINTING PAPERS SPIN-OFF 🔒

🔴 No Match in Current Filing KWIDZYN MILL 🔒

🔴 No Match in Current Filing GRAPHIC PACKAGING INTERNATIONAL PARTNERS, LLC 🔒

🔴 No Match in Current Filing NOTE 14 COMMITMENTS AND CONTINGENT LIABILITIES 🔒

🔴 No Match in Current Filing Taxes Other Than Payroll and Income Taxes 🔒

🔴 No Match in Current Filing PLAN ASSETS 🔒

🟡 Modified PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS. 🔒

🟡 Modified Opinion on the Financial Statements 🔒

🟡 Modified CAPITAL INVESTMENTS AND DISPOSITIONS 🔒

🟡 Modified Engagement of Third Parties 🔒

🟡 Modified NOTE 4 EARNINGS PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS 🔒

🟡 Modified PENSION BENEFIT OBLIGATIONS 🔒

🟡 Modified NET PERIODIC PENSION EXPENSE 🔒

🟡 Modified BUSINESS COMBINATIONS 🔒

🟡 Modified Our Risk Assessment Program 🔒

🟡 Modified NOTE 15 DEBT AND LINES OF CREDIT 🔒

🟡 Modified IMPAIRMENT OF LONG-LIVED ASSETS AND GOODWILL 🔒

🟡 Modified CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) 🔒

🟡 Modified OBLIGATIONS AND FUNDED STATUS 🔒

🟡 Modified FINANCING ACTIVITIES 🔒

🟡 Modified Environmental 🔒

🟡 Modified Dividends ($1.850 per share) 🔒

🟡 Modified Retirement Plans — Fair value of other investments — Refer to Note 17 to the financial statements 🔒

🟡 Modified SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES 🔒

🟡 Modified REVENUE RECOGNITION 🔒

🟡 Modified ASSET RETIREMENT OBLIGATIONS 🔒

🟡 Modified INCOME TAXES 🔒

🟡 Modified Primary Geographical Markets (a) 🔒

🟡 Modified ILIM S.A. ("Ilim") 🔒

🟡 Modified Role of Management 🔒

🟡 Modified LEASE TERM AND DISCOUNT RATE 🔒

🟡 Modified Variable Interest Entities 🔒

🟡 Modified COMPONENTS OF LEASE EXPENSE 🔒

🟡 Modified Income Taxes 🔒

🟡 Modified NOTE 12 INCOME TAXES 🔒

🟡 Modified NOTE 9 LEASES 🔒

🟡 Modified ACCOUNTS AND NOTES RECEIVABLE 🔒

🟡 Modified CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 🔒

🟡 Modified Segment Reporting 🔒

🟡 Modified We are subject to a wide variety of laws, regulations and other government requirements that may change in significant ways, and the cost of compliance with such requirements, or the failure to comply with such requirements, could impact our business and results of operations. 🔒

🟡 Modified CRITICAL ACCOUNTING POLICIES AND SIGNIFICANT ACCOUNTING ESTIMATES 🔒

🟡 Modified EFFECT OF INFLATION 🔒

🟡 Modified MARKET RISK 🔒

🟡 Modified Changes in credit ratings issued by nationally recognized statistical rating organizations could adversely affect our cost of financing and have an adverse effect on the market price of our securities. 🔒

🟡 Modified RISK MANAGEMENT AND STRATEGY 🔒

🟡 Modified INTEREST RATE RISK 🔒

🟡 Modified MATURITY OF LEASE LIABILITIES 🔒

🟡 Modified NOTE 2 RECENT ACCOUNTING DEVELOPMENTS 🔒

🟡 Modified ACCOUNTS PAYABLE 🔒

🟡 Modified Capital Expenditures and Long-Term Debt 🔒

🟡 Modified INVENTORIES 🔒

🟡 Modified We are subject to risks associated with climate change and other sustainability matters and global, regional and local weather conditions as well as by legal, regulatory, and market responses to climate change. 🔒

🟡 Modified PERFORMANCE GRAPH 🔒

🟡 Modified Role of the Board of Directors and its Committees 🔒

🟡 Modified Net earnings (loss) and earnings (loss) from continuing operations 🔒

🟡 Modified We are subject to cybersecurity and information technology risks related to breaches of security pertaining to sensitive company, customer, employee and vendor information as well as breaches in the technology used to manage operations and other business processes. 🔒

🟡 Modified Global Cellulose Fibers In millions20242023Net Sales$2,793 $2,890 Operating Profit (Loss)$(226)$(92) 🔒

🟡 Modified NOTE 5 OTHER COMPREHENSIVE INCOME 🔒

🟡 Modified North American Packaging SolutionsIn millions20242023Net Sales (a)$14,293 $14,293 Operating Profit (Loss)$891 $839 🔒

🟡 Modified NOTE 10 EQUITY METHOD INVESTMENTS 🔒

🟡 Modified INCOME TAXES 🔒

🟡 Modified RESTRUCTURING LIABILITIES AND COSTS 🔒

🟡 Modified CONSOLIDATED STATEMENT OF OPERATIONS 🔒

🟡 Modified NOTE 6 RESTRUCTURING AND OTHER CHARGES, NET 🔒

🟡 Modified PLANTS, PROPERTIES AND EQUIPMENT 🔒

🟡 Modified GLOBAL CELLULOSE FIBERS 🔒

🟡 Modified DISCONTINUED OPERATIONS 🔒

🟡 Modified TEMPORARY INVESTMENTS 🔒

🟡 Modified INDUSTRIAL PACKAGING 🔒

🟡 Modified Critical Audit Matters 🔒

🟡 Modified CONTINGENT LIABILITIES 🔒

🟡 Modified CONSOLIDATED STATEMENT OF CASH FLOWS 🔒

🟡 Modified Asbestos-Related Matters 🔒

🟡 Modified Effects of Net Special Items Expense (Income) 🔒

🟡 Modified Fluctuations in the prices of and the demand for our products due to factors such as economic cyclicality and changes in customer or consumer preferences, and government regulation could materially affect our financial condition, results of operations and cash flows. 🔒

🟡 Modified Our pension and health care costs are subject to numerous factors which could cause these costs to change. 🔒

🟡 Modified SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES 🔒

🟡 Modified CONSOLIDATED BALANCE SHEET 🔒

🟡 Modified BUSINESS SEGMENT RESULTS 🔒

🟡 Modified CASH PROVIDED BY OPERATING ACTIVITIES 🔒

🟡 Modified OTHER INTANGIBLES 🔒

🟡 Modified Pension Obligations and Funding 🔒

🟡 Modified LIQUIDITY AND CAPITAL RESOURCES 🔒

🟡 Modified Opinion on Internal Control over Financial Reporting 🔒

🟡 Modified COMPLETED BUSINESS COMBINATION OF DS SMITH 🔒