国际纸业 2026年季度报告

FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2026 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From Commission File Number 001-03157 INTERNATIONAL PAPER COMPANY (Exact name of registrant as specified in its charter) (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation) Registrant’s telephone number, including area code: (901)419-9000 Securities registered pursuant to Section 12(b) 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 SecuritiesExchange Act of 1934 during the 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 requirements for the past 90 days.Yes☒No 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 periodthat the registrant was required to submit such files).Yes☒No 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,” “smallerreporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filer Table of Contents 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 ExchangeAct. 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 July31, 2026 was 529,569,895. INDEX PART I. FINANCIAL INFORMATION Item1.Financial StatementsCondensed Consolidated Statement of Operations - Three Months and Six Months Ended June 30,2026 and 20251Condensed Consolidated Statement of Comprehensive Income (Loss) - Three Months and Six MonthsEnded June 30, 2026 and 20252Condensed Consolidated Balance Sheet - June 30, 2026 and December 31, 20253Condensed Consolidated Statement of Cash Flows - Six Months Ended June 30, 2026 and 20254Condensed Notes to Consolidated Financial Statements5Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations29Item3.Quantitative and Qualitative Disclosures About Market Risk44Item4.Controls and Procedures44PART II.OTHER INFORMATIONItem1.Legal Proceedings45Item1A.Risk Factors45Item 2.Unregistered Sales of Equity Securities and Use of Proceeds45Item 3.Defaults Upon Senior Securities45Item 4.Mine Safety Disclosures45Item 5.Other Information45Item6.Exhibits46Signatures47 PART I. FINANCIAL INFORMATION INTERNATIONAL PAPER COMPANY INTERNATIONAL PAPER COMPANY Condensed Consolidated Statement of Comprehensive Income (Loss)(Unaudited)(In millions) INTERNATIONAL PAPER COMPANY INTERNATIONAL PAPER COMPANY Condensed Notes to Consolidated Financial Statements(Unaudited) 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 six months of the year may notnecessarily be indicative of full year results. You should read these unaudited condensed financial statements in conjunction with theaudited financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year endedDecember31, 2025 (the "Annual Report"), which have previously been filed with the U.S. Securities and Exchange Commission (the"SEC"). Global Cellulose Fibers Discontinued Operations On January 23, 2026, the Company completed the sale of its Global Cellulose Fibers ("GCF") business to American Industrial Partners("AIP"). All current and historical operating results of the GCF business are presented as Discontinued Operations, net of taxes, in thecondensed consolidated statements of operations. All historical assets and liabilities of the GCF business are classified as Assets heldfor sale and Liabilities held