国际纸业 2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 INTERNATIONAL PAPER COMPANY (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (paragraph 232.405 of this chapter) during the preceding 12 months (or for such shorter period Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller AcceleratedfilerSmallerreportingcompanyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13 (a) of the Exchange Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The number of shares outstanding of the registrant’s common stock, par value $1.00 per share, as of May2, 2025 was527,901,518. INDEX PART I. FINANCIAL INFORMATION Item1.Financial StatementsCondensed Consolidated Statement of Operations - Three Months Ended March 31, 2025 and 2024Condensed Consolidated Statement of Comprehensive Income - Three Months Ended March 31, 2025and 2024 PART II.OTHER INFORMATION Item1.Legal ProceedingsItem1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem6.ExhibitsSignatures PART I. FINANCIAL INFORMATION INTERNATIONAL PAPER COMPANY Condensed Notes to Consolidated Financial Statements NOTE 1 - BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accountingprinciples generally accepted in the United States and in accordance with the instructions to Form 10-Q and, in the opinion ofmanagement, include all adjustments that are necessary for the fair presentation of International Paper Company’s ("InternationalPaper's," "the Company’s," "IP's" or "our") financial position, results of operations, and cash flows for the interim periods presented.Except as disclosed herein, such adjustments are of a normal, recurring nature. Results for the first three months of the year may not As a result of the completed acquisition of DS Smith Plc, subsequently re-registered as DS Smith Limited ("DS Smith") on January31, 2025, the Chief Operating Decision Maker ("CODM") now reviews and manages the financial results and operations of thefollowing segments on the basis of the new organizational structure, Packaging Solutions North America, Packaging Solutions Europe,Middle East and Africa ("EMEA") and Global Cellulose Fibers. The Packaging Solutions EMEA segment includes the Company'slegacy EMEA Industrial Packaging business and the newly acquired EMEA DS Smith business. As such, amounts related to the Additionally, certain amounts from prior year in the condensed consolidated balance sheet have been reclassified to conform with thecurrent year financial statement presentation. These unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generallyaccepted in the United States that require the use of management’s estimates. Actual results could differ from management’s estimates. NOTE 2 - RECENT ACCOUNTING DEVELOPMENTS Recently Adopted Accounting Pronouncements Income Taxes In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures." Thisguidance requires companies to enhance income tax disclosures, particularly around rate reconciliations and income taxes paidinformation. This guidance is effective for annual reporting periods beginning after December 15, 2024. Early adoption of these Recently Issued Accounting Pronouncements Not Yet Adopted Disaggregation of Income Statement Expenses In November 2024, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Income - Expense DisaggregationDisclosures (Subtopic 220-40)." This guidance requires companies to provide more detailed information of certain income statementexpenses within the footnotes to the financial statements. This guidance is effective for annual reporting periods beginning after NOTE 3 - REVENUE RECOGNITION Generally, the Company recognizes revenue on a point-in-time basis when the customer takes title to the g