$IP
INTERNATIONAL PAPER CO /NEW/

2020 Q4 Form 10-K Financial Statement

#000005143421000012 Filed on February 19, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 2019 Q4
Revenue $4.440B $17.57B $5.498B
YoY Change -19.24% -4.11% -7.61%
Cost Of Revenue $1.639B $12.34B $3.669B
YoY Change -55.33% -2.6% -3.45%
Gross Profit $585.0M $5.226B $1.829B
YoY Change -68.02% -7.47% -14.97%
Gross Profit Margin 13.18% 29.75% 33.27%
Selling, General & Admin $388.0M $1.353B $879.0M
YoY Change -55.86% -6.63% -1.01%
% of Gross Profit 66.32% 25.89% 48.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $332.0M $1.091B $343.0M
YoY Change -3.21% 1.77% 1.48%
% of Gross Profit 56.75% 20.88% 18.75%
Operating Expenses $524.0M $1.353B $1.222B
YoY Change -57.12% -6.63% -0.33%
Operating Profit $61.00M $3.873B $607.0M
YoY Change -89.95% -7.76% -34.38%
Interest Expense -$87.00M $597.0M -$110.0M
YoY Change -20.91% -14.84% -17.29%
% of Operating Profit -142.62% 15.41% -18.12%
Other Income/Expense, Net $10.00M -$7.000M -$9.000M
YoY Change -211.11% -80.56% -97.9%
Pretax Income $24.00M $660.0M $400.0M
YoY Change -94.0% -40.16% 4.71%
Income Tax -$35.00M $176.0M $262.0M
% Of Pretax Income -145.83% 26.67% 65.5%
Net Earnings $153.0M $482.0M $165.0M
YoY Change -7.27% -60.65% -47.78%
Net Earnings / Revenue 3.45% 2.74% 3.0%
Basic Earnings Per Share $0.39 $1.23 $0.42
Diluted Earnings Per Share $0.39 $1.22 $0.42
COMMON SHARES
Basic Shares Outstanding 393.1M shares 393.0M shares 392.1M shares
Diluted Shares Outstanding 395.7M shares

Balance Sheet

Concept 2020 Q4 2020 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.445B $5.445B $511.0M
YoY Change 965.56% 965.56% -13.24%
Cash & Equivalents $595.0M $595.0M $511.0M
Short-Term Investments $4.850B $4.850B
Other Short-Term Assets $141.0M $322.0M $247.0M
YoY Change -42.91% 30.36% -1.2%
Inventory $1.626B $2.050B $2.208B
Prepaid Expenses
Receivables $3.419B $3.419B $3.673B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $11.24B $11.24B $6.639B
YoY Change 69.24% 69.24% -5.1%
LONG-TERM ASSETS
Property, Plant & Equipment $10.95B $12.99B $13.00B
YoY Change -15.83% -6.09% -0.48%
Goodwill $3.115B $3.114B
YoY Change 0.03% -7.71%
Intangibles
YoY Change
Long-Term Investments $3.435B $3.435B $8.809B
YoY Change -61.01% -61.01% 1.04%
Other Assets $628.0M $745.0M $847.0M
YoY Change -25.86% -12.04% -16.88%
Total Long-Term Assets $20.48B $20.48B $13.40B
YoY Change 52.91% -23.67% -0.55%
TOTAL ASSETS
Total Short-Term Assets $11.24B $11.24B $6.639B
Total Long-Term Assets $20.48B $20.48B $13.40B
Total Assets $31.72B $31.72B $33.47B
YoY Change -5.24% -5.24% -0.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.035B $2.320B $2.423B
YoY Change -16.01% -4.25% 0.41%
Accrued Expenses $614.0M $614.0M $600.0M
YoY Change 2.33% 2.33% 12.15%
Deferred Revenue $21.00M $56.00M
YoY Change -62.5% 0.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $26.00M $29.00M $168.0M
YoY Change -84.52% -82.74% -73.71%
Total Short-Term Liabilities $8.284B $8.284B $8.646B
YoY Change -4.19% -4.19% 84.19%
LONG-TERM LIABILITIES
Long-Term Debt $8.042B $8.064B $9.597B
YoY Change -16.2% -15.97% -4.17%
Other Long-Term Liabilities $968.0M $4.759B $640.0M
YoY Change 51.25% -2.42% 14.29%
Total Long-Term Liabilities $9.010B $12.82B $10.24B
YoY Change -11.99% -11.41% -3.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.284B $8.284B $8.646B
Total Long-Term Liabilities $9.010B $12.82B $10.24B
Total Liabilities $17.29B $23.86B $18.88B
YoY Change -8.41% -7.35% 23.67%
SHAREHOLDERS EQUITY
Retained Earnings $8.070B $8.408B
YoY Change -4.02% 12.63%
Common Stock $6.774B $6.746B
YoY Change 0.42% 0.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.648B $2.702B
YoY Change -2.0% 15.87%
Treasury Stock Shares 55.80M shares 56.80M shares
Shareholders Equity $7.854B $7.854B $7.713B
YoY Change
Total Liabilities & Shareholders Equity $31.72B $31.72B $33.47B
YoY Change -5.24% -5.24% -0.31%

Cashflow Statement

Concept 2020 Q4 2020 2019 Q4
OPERATING ACTIVITIES
Net Income $153.0M $482.0M $165.0M
YoY Change -7.27% -60.65% -47.78%
Depreciation, Depletion And Amortization $332.0M $1.091B $343.0M
YoY Change -3.21% 1.77% 1.48%
Cash From Operating Activities $798.0M $3.063B $947.0M
YoY Change -15.73% -15.15% 15.35%
INVESTING ACTIVITIES
Capital Expenditures -$94.00M -$751.0M -$363.0M
YoY Change -74.1% -41.14% 26.92%
Acquisitions $65.00M
YoY Change -36.89%
Other Investing Activities $25.00M $1.000M $57.00M
YoY Change -56.14% -95.0% 111.11%
Cash From Investing Activities -$69.00M -$269.0M -$306.0M
YoY Change -77.45% -79.31% 18.15%
FINANCING ACTIVITIES
Cash Dividend Paid $806.0M
YoY Change 1.26%
Common Stock Issuance & Retirement, Net $42.00M
YoY Change -92.15%
Debt Paid & Issued, Net $2.278B
YoY Change 51.16%
Cash From Financing Activities -841.0M -$2.700B -842.0M
YoY Change -0.12% 13.02% -15.8%
NET CHANGE
Cash From Operating Activities 798.0M $3.063B 947.0M
Cash From Investing Activities -69.00M -$269.0M -306.0M
Cash From Financing Activities -841.0M -$2.700B -842.0M
Net Change In Cash -112.0M $84.00M -201.0M
YoY Change -44.28% -207.69% -54.11%
FREE CASH FLOW
Cash From Operating Activities $798.0M $3.063B $947.0M
Capital Expenditures -$94.00M -$751.0M -$363.0M
Free Cash Flow $892.0M $3.814B $1.310B
YoY Change -31.91% -21.94% 18.34%

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<div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">NATURE OF BUSINESS</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">International Paper (the "Company") is a global paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, North Africa and Russia. Substantially all of our businesses have experienced, and are likely to continue to experience, cycles relating to available industry capacity and general economic conditions.</span></div>
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56000000 USD
CY2020 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
482000000 USD
CY2019 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1225000000 USD
CY2018 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1667000000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
393000000.0 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
395300000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
409100000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2700000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3500000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5100000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
395700000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
398800000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
414200000 shares
CY2020 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.23
CY2019 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.10
CY2018 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
4.07
CY2020 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.22
CY2019 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.07
CY2018 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
4.02
CY2020Q4 ip Accumulated Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-4342000000 USD
CY2019Q4 ip Accumulated Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-4739000000 USD
CY2018Q4 ip Accumulated Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest
AccumulatedOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-4500000000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
195000000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
195000000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
195000000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
195000000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
57000000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
57000000 USD
CY2018 us-gaap Restructuring Charges
RestructuringCharges
29000000 USD
CY2018 us-gaap Restructuring Charges
RestructuringCharges
29000000 USD
CY2020Q4 us-gaap Other Cash Equivalents At Carrying Value
OtherCashEquivalentsAtCarryingValue
358000000 USD
CY2019Q4 us-gaap Other Cash Equivalents At Carrying Value
OtherCashEquivalentsAtCarryingValue
335000000 USD
CY2020Q4 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
3064000000 USD
CY2019Q4 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
3280000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
76000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
73000000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
268000000 USD
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
298000000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1091000000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1192000000 USD
CY2020Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
627000000 USD
CY2019Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
659000000 USD
CY2020Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
64000000 USD
CY2019Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
59000000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
2050000000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
2208000000 USD
CY2020Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.74
CY2020Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
242000000 USD
CY2019Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
295000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
33595000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
33516000000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
21378000000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
20512000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12217000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13004000000 USD
CY2020Q4 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
41000000 USD
CY2019Q4 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
164000000 USD
CY2018Q4 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
135000000 USD
CY2020 us-gaap Insurance Recoveries
InsuranceRecoveries
42000000 USD
CY2019 us-gaap Insurance Recoveries
InsuranceRecoveries
0 USD
CY2018 us-gaap Insurance Recoveries
InsuranceRecoveries
0 USD
CY2020 us-gaap Depreciation
Depreciation
1200000000 USD
CY2019 us-gaap Depreciation
Depreciation
1200000000 USD
CY2018 us-gaap Depreciation
Depreciation
1200000000 USD
CY2020 us-gaap Interest Paid
InterestPaid
686000000 USD
CY2019 us-gaap Interest Paid
InterestPaid
754000000 USD
CY2018 us-gaap Interest Paid
InterestPaid
772000000 USD
CY2020 us-gaap Interest Expense
InterestExpense
600000000 USD
CY2019 us-gaap Interest Expense
InterestExpense
706000000 USD
CY2018 us-gaap Interest Expense
InterestExpense
734000000 USD
CY2020 us-gaap Investment Income Interest
InvestmentIncomeInterest
156000000 USD
CY2019 us-gaap Investment Income Interest
InvestmentIncomeInterest
215000000 USD
CY2018 us-gaap Investment Income Interest
InvestmentIncomeInterest
198000000 USD
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
31000000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
29000000 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
30000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
116000000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
96000000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
459000000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
145000000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
132000000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
61000000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
70000000 USD
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
52000000 USD
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
59000000 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
14000000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
12000000 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000000 USD
CY2020 us-gaap Lease Cost
LeaseCost
277000000 USD
CY2019 us-gaap Lease Cost
LeaseCost
278000000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
434000000 USD
CY2020Q4 ip Leasedassetstotal
Leasedassetstotal
554000000 USD
CY2019Q4 ip Leasedassetstotal
Leasedassetstotal
537000000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
315000000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
304000000 USD
CY2020Q4 ip Lease Liability Total
LeaseLiabilityTotal
558000000 USD
CY2019Q4 ip Lease Liability Total
LeaseLiabilityTotal
538000000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
53000000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
40000000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y8M12D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y9M18D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P9Y10M24D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P10Y10M24D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0256
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0306
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0452
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0469
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
162000000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
147000000 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
10000000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
9000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
179000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
162000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
11000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
11000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
10000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
158000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
17000000 USD
CY2020Q4 ip Lease Liability Payments Due Next12 Months
LeaseLiabilityPaymentsDueNext12Months
175000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
117000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
16000000 USD
CY2020Q4 ip Lease Liability Payments Due Year2
LeaseLiabilityPaymentsDueYear2
133000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
74000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
14000000 USD
CY2020Q4 ip Leaseliability Payments Due Year3
LeaseliabilityPaymentsDueYear3
88000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
42000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
11000000 USD
CY2020Q4 ip Lease Liability Payments Due Year4
LeaseLiabilityPaymentsDueYear4
53000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
26000000 USD
CY2020Q4 ip Lease Liability Payments Due Year5
LeaseLiabilityPaymentsDueYear5
36000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
105000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
56000000 USD
CY2020Q4 ip Leaseliabilitypaymentsdueafteryearfive
Leaseliabilitypaymentsdueafteryearfive
161000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
522000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
124000000 USD
CY2020Q4 ip Lease Liability Payments Total
LeaseLiabilityPaymentsTotal
646000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
59000000 USD
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
29000000 USD
CY2020Q4 ip Leaseliabilityundiscountedexcessamount
Leaseliabilityundiscountedexcessamount
88000000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
463000000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
95000000 USD
CY2020Q4 ip Lease Liability Total
LeaseLiabilityTotal
558000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1781000000 USD
CY2018Q4 us-gaap Goodwill Gross
GoodwillGross
5547000000 USD
CY2018Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
2173000000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
3374000000 USD
CY2019 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-6000000 USD
CY2019 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
-81000000 USD
CY2019 ip Accumulatedimpairmentlossotherincreasesdecreases
Accumulatedimpairmentlossotherincreasesdecreases
60000000 USD
CY2019Q4 us-gaap Goodwill Gross
GoodwillGross
5460000000 USD
CY2019Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
2113000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
3347000000 USD
CY2020 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-28000000 USD
CY2020 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
-4000000 USD
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
5428000000 USD
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
2113000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
3315000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
764000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
447000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
317000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
782000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
414000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
368000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
60000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
58000000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
59000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
51000000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
124000000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
271000000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
227000000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
35000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
46000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
41000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
41000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
36000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
96000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
727000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1342000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1450000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-77000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
262000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
331000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
650000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1604000000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
29000000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
37000000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
77000000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
122000000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
165000000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
236000000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
422000000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
429000000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-6000000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
44000000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
12000000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1000000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-23000000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
50000000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
14000000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
191000000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-46000000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
9000000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
212000000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
16000000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
245000000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
634000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
445000000 USD
CY2020 ip Deferred Income Tax Expense Benefit For Effect Of Changes In Non Us And Us State Tax Rates
DeferredIncomeTaxExpenseBenefitForEffectOfChangesInNonUSAndUSStateTaxRates
-2000000 USD
CY2019 ip Deferred Income Tax Expense Benefit For Effect Of Changes In Non Us And Us State Tax Rates
DeferredIncomeTaxExpenseBenefitForEffectOfChangesInNonUSAndUSStateTaxRates
-44000000 USD
CY2018 ip Deferred Income Tax Expense Benefit For Effect Of Changes In Non Us And Us State Tax Rates
DeferredIncomeTaxExpenseBenefitForEffectOfChangesInNonUSAndUSStateTaxRates
-13000000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
162000000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
349000000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
388000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
650000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1604000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1781000000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
137000000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
337000000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
374000000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
28000000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
6000000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
72000000 USD
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
22000000 USD
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
31000000 USD
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CY2019 ip Effectiveincometaxratereconciliationforeignvaluationallowance
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CY2019 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
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CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2019 us-gaap Income Tax Reconciliation Deductions Extraterritorial Income Exclusion
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CY2020 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
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199000000 USD
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361000000 USD
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500000000 USD
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345000000 USD
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154000000 USD
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172000000 USD
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125000000 USD
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0.2281
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0.2460
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0.0161
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0.0244
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5799884 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
36.17
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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