Sylvamo Corp 2024年度报告

FORM10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from - to –Commission File No.001-40718 SYLVAMO CORPORATION (Exact Name of Registrant as Specified in its Charter) 38119(Zip Code) 901-519-8000(Registrant’s Telephone Number, Including Area Code) Securities registered pursuant to Section12(b) of the Act: New York Stock Exchange Securities registered pursuant to Section12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act. Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirementsfor the past 90 days.Yesx No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).Yesx No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company”in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal controlover financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issuedits audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received byany of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ As of June 30, 2024, the aggregate market value of the registrant’s common stock held by non-affiliates was $2,793,952,188based on the closing price of ashare of the common stock on the New York Stock Exchange on such date. The number of shares outstanding of the registrant’s common stock, par value $1.00 per share, as of February 14, 2025 was40,546,877. Documents incorporated by reference:Portions of the registrant’s proxy statement filed within 120 days of the close of the registrant’s fiscal year in connection with the registrant’s 2025 annualmeeting of shareholders are incorporated by reference into Part III of this Form 10-K. Notes to ConsolidatedFinancial Statements57ITEM 9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING ANDFINANCIAL DISCLOSURE.85ITEM 9A.CONTROLS AND PROCEDURES.85ITEM 9B.OTHER INFORMATION.86ITEM 9C.DISCLOSURES REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS.86PART III.86ITEM 10.DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.86ITEM 11.EXECUTIVE COMPENSATION.86ITEM 12.SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT ANDRELATED STOCKHOLDER MATTERS.86ITEM 13.CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTORINDEPENDENCE.86ITEM 14.PRINCIPAL ACCOUNTANT FEES AND SERVICES.86PART IV.87ITEM 15.EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.87ITEM 16.FORM 10-K SUMMARY89SIGNATURES90APPENDIX I2024LISTING OF FACILITIES92APPENDIX II2024CAPACITY INFORMATION93 ITEM 1. BUSINESS OUR COMPANY Sylvamo Corporation (the “Company” or “Sylvamo”, which may also be referred to as “we” or “us”) is a global uncoated paperscompany with a broad portfolio of top-tier brands and low-cost, large-scale paper mills located in and serving the most attractivegeographies, including Europe, Latin America and North America, which are our business segments. We produce uncoated freesheet(“UFS”) for paper products such as cutsize and offset paper, as well as market pulp. With roots going back to 1898, we have a longhistory of offering premium quality papers to meet the needs of our customers and end-users. Our mills predominantly rank in thelowest quartile on global and regional UFS cost curves, and we