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International Paper Balance Sheet Statement

Assets, liabilities, and shareholders' equity

International Paper holds $36.4B in total assets. Shareholders' equity is $14.8B against $9.9B in total debt. Cash and equivalents total $1.2B. The current ratio is 1.21 and debt-to-equity is 0.665. Based on the Q1 2026 filing.

Total Assets$36.4BTotal Stockholders Equity$14.8BLong Term Debt$9.1BCash And Equivalents$1.2BTotal Current Assets$8.6BTotal Current Liabilities$7.1B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$17.7B
ROE-20.37%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$2.1B$4.2B$4.3B$3.8B$3.9B$3.8B
Accounts Payable - Other Current$94M$120M$196M$172M$240M$180M
Accrued compensation$224M———$186M—
Accrued expenses$680M$596M$675M$821M$834M$693M
Accrued Manufacturing Costs$680M$596M$675M$821M$834M$693M
Compensation and benefits$680M$596M$675M$821M$834M$693M
Other accrued liabilities$933M$1.7B$1.9B$1.9B$1.7B$1.6B
Current portion of long-term debt$193M$19M$18M$16M$992M$17M
Deferred revenue$30M$33M$23M$21M$18M$25M
Derivative Liabilities - Fair Value$0$80M$91M$81M$90M$85M
Finance Lease Liability, Current$9M$19M$18M$16M$17M$17M
Liabilities held for sale$344M——$439M$502M$6M
Note payable to DIRECTV$933M$1.7B$1.9B$1.9B$1.7B$1.6B
Operating lease liabilities, current$144M$232M$247M$234M$221M$216M
Supplier Finance Program Obligations9000000000.0%36900000000.0%43800000000.0%42100000000.0%36800000000.0%38900000000.0%
Total current liabilities$4.3B$7B$7.1B$8B$7.9B$7.1B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$2.4B$4.6B$4.8B$4.1B$3.8B$4B
Allowance for Doubtful Accounts Receivable (Current)$30M$66M$70M$70M$70M$72M
Assets held for sale$1B$174M$58M$1.8B$1.8B$85M
Cash and cash equivalents$1.2B$1.2B$1.1B$995M$1.1B$1.2B
Cash and Cash Equivalents from Discontinued Operations—————$8M
Total Cash, Cash Equivalents, and Restricted Cash (Inclusive)$1.2B$1.2B—$1B$1.2B$1.3B
Contract assets$362M$443M$451M$672M$635M$670M
Finished goods$767M$1.3B$1.3B$909M$792M$724M
Inventory Supplies Net Of Reserves$529M$753M$761M$653M$691M$697M
Other current assets$96M$360M$430M$681M$723M$602M
Derivative Assets - Fair Value$3M$48M$58M$76M$69M$224M
Finished goods$767M$1.3B$1.3B$909M$792M$724M
Raw materials$160M$481M$522M$480M$447M$407M
Inventories$1.5B$2.6B$2.7B$2.2B$2B$1.9B
Other Inventory, Net$30M$106M$120M$137M$82M$74M
Prepaid expenses and other current assets$96M$360M$430M$681M$723M$602M
Restricted cash————$0$63M
Total current assets$6.4B$9.3B$9.5B$10.5B$10.1B$8.6B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Employee Benefits (Non-Current)$133M$130M$126M$123M$133M$131M
Asset retirement obligations$279M$284M$282M$276M$270M$271M
Debt Instrument Face Amount$0———$1.4B—
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$39M———$35M—
Deferred tax liabilities$2.3B———$3.5B—
Defined Benefit Pension Plan Liabilities (Non-Current)$232M$310M$308M$310M$316M$297M
Disposal Group - Deferred Tax Liabilities$44M———$42M—
Deferred Tax Liabilities - Leasing Arrangements$112M———$177M—
Deferred Tax Liabilities - Other Finite-Lived Assets$486M———$487M—
Finance lease liabilities$31M$68M$71M$68M$54M$53M
Long-term debt$5.6B$9.6B$9.9B$9.9B$9.8B$9.1B
Long-Term Debt and Finance Lease Obligations$5.4B$9.2B$9.7B$9B$8.8B$8.2B
Long-Term Debt - Fair Value—$9.3B$9.6B$9.7B—$8.7B
Postretirement benefit obligations other than pensions$133M$130M$126M$123M$133M$131M
Operating lease liabilities, non-current$269M$477M$475M$450M$486M$450M
Other Debt Including Capitalized Leases$1M———$48M—
Other non-current liabilities$1.1B$1.3B$1.3B$1.4B$1.4B$1.4B
Other Pension and Postretirement Benefit Liabilities$133M$130M$126M$123M$133M$131M
Total Carrying Value of Debt$5.5B———$9.7B—

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated Goodwill Impairment Losses$372M$187M$187M$135M$2.6B$2.6B
Deferred Tax Assets and Other Non-Current Assets$203M$798M$794M$487M$466M$732M
Deferred Tax Assets - Investments$4M———$3M—
Deferred Tax Assets - Tax Credit Carryforwards$137M———$136M—
Total investment securities$2.4B—————
Accumulated Amortization on Finance Lease Assets$59M$70M$75M$72M$69M$68M
Goodwill$3B$7.2B$7.5B$7.7B$5.3B$5.3B
Indefinite-Lived Research and Development Assets$240M———$5M—
Intangible Assets Gross (Excluding Goodwill)$474M—$5.1B$4.8B$4.7B$4.8B
Intangible assets, net$145M$4.6B$4.4B$4.2B$4B$4.1B
Net Investment in Lease$402M$695M$712M$679M$697M$652M
Prepaid pension assets$93M$199M$218M$246M$486M$507M
Other intangible assets—net$72M—$4.4B$4.2B$4B$4.1B
Long-Term Financial Assets of Variable Interest Entities (Note 15)$2.3B$2.3B$2.3B$2.3B$2.3B$2.4B
Operating lease right-of-use assets$402M$695M$712M$679M$697M$652M
Other non-current assets$648M$798M$794M$487M$514M$732M
Property, plant and equipment at cost$24.3B———$32.8B—
Operating lease right-of-use assets$0$695M$712M$679M$697M$652M
Operating Lease Right-of-Use Assets in Other Assets$402M$695M$712M$679M$697M$652M
Other non-current assets$93M$199M$218M$246M$486M$507M
Accumulated depreciation$16.3B$19.9B$20.3B$17.9B$18.4B$18.6B
Property and equipment, net$7.9B$16B$16.9B$14.5B$14.4B$14.3B
Software and Technology Licenses, Net$648M$798M$794M$487M$514M$732M
Tax Credit Carryforward Valuation Allowance$1.2B———$1.5B—
Total assets$22.8B$41.2B$42.4B$40.6B$38B$36.4B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$4.7B$14.4B$14.4B$14.4B$14.4B$14.4B
Accumulated other comprehensive income (loss)-$1.7B-$1.3B-$672M-$646M-$528M-$366M
Common stock$990.9M$627M$627M$627M$627M$627M
Common Stock Par Value Per Share$1.00$1.00$1.00$1.00$1.00$1.00
Common Stock Shares Issued448.9M———627M627M
Cumulative Gross Losses and Impairments$372M$187M$187M$135M$2.6B$2.6B
Additional paid-in capital$4.7B$14.4B$14.4B$14.4B$14.4B$14.4B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$449M$627M$627M$627M$627M$627M
Treasury Stock, Value$4.7B$4.6B$4.6B$4.6B$4.6B$4.5B
Retained earnings$9.4B$9B$8.9B$7.5B$4.9B$4.7B
Share-Based Payment - Nonvested Awards (Number)6.9M———5.4M—
Share-Based Payment - Unrecognized Cost of Nonvested Awards$31.3$150M$123M$97M$43.2$137M
Total liabilities and stockholders' equity$22.8B$41.2B$42.4B$40.6B$38B$36.4B
Total stockholders' equity$8.2B$18.1B$18.6B$17.3B$14.8B$14.8B
Total Stockholders' Equity Before Treasury Stock$12.9B$22.7B$23.2B$21.9B$19.4B$19.3B
Treasury stock$4.7B$4.6B$4.6B$4.6B$4.6B$4.5B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commitments and contingencies$222M—————
Cumulative Cost Basis$24.3B———$32.8B—
Fair Value Measurement Disclosure$0$80M$91M$81M$90M$85M
Gross Assets/Liabilities$0$80M$91M$81M$90M$85M
Line of Credit Maximum Borrowing Capacity$1.9B$1.9B$1.9B$1.9B$1.9B$1.9B
Allowance for doubtful accounts$30M$66M$70M$70M$70M$72M
Asset Retirement Obligation$88M$152M$151M$137M$193M$191M
Cash and cash equivalents, end of period$1.2B$1.2B—$1B$1.2B$1.3B
Common stock, par value (in dollars per share)$1$1$1$1$1$1
Common stock, shares authorized (in shares)$990.9M———$990.9M—
Common stock, shares issued (in shares)$448.9M———$627M$627M
Common Stock, Shares, Outstanding$448.9M$627M$627M$627M$627M$627M
Credit facilities assumed as part of acquisition—$3.6B————
Short-term debt and current portion of long-term debt$191M$444M$225M$972M$992M$918M
Long-term debt, gross$5.5B———$9.7B—
Debt Instrument, Fair Value Disclosure—$9.3B$9.6B$9.7B—$8.7B
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net$39M———$35M—
Deferred Tax Liabilities, Gross$2.3B———$3.5B—
Deferred income taxes$1B$2.5B$2.6B$1.9B$1.9B$2B
Outside basis difference$0———$622M—
Deferred Tax Assets, Gross$2.4B———$3.2B—
Lease obligations$112M———$177M—
Deferred Tax Assets, Net of Valuation Allowance$1.2B———$1.6B—
Deferred Tax Assets, Operating Loss Carryforwards$1.2B———$1.3B—
Alternative minimum tax$183M———$191M—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits$72M———$69M—
Compensation and benefits$224M———$186M—
Accrued expenses$131M———$143M—
Deferred Tax Assets, Valuation Allowance$1.2B———$1.5B—
Federal and state intangible assets$133M———$1.1B—
Deferred Tax Liabilities, Property, Plant and Equipment$1.5B———$1.7B—
Deferred Tax Liability, Tax Deferred Expense, Compensation And Benefits, Pensions$0———$26M—
Future pension and postretirement benefit obligations$232M$310M$308M$310M$316M$297M
Derivative, gross, assets$3M$48M$58M$76M$69M$224M
Derivatives, gross, liabilities$0$80M$91M$81M$90M$85M
Unrecognized compensation cost related to non-vested awards$72M$150M$123M$97M$70M$137M
Estimated excess of current replacement cost over LIFO cost of inventories$272M———$327M—
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments$222M—————
Current maturities of long-term debt$9M$19M$18M$16M$17M$17M
Finance Lease, Right-of-Use Asset, after Accumulated Amortization$31M$82M$80M$69M$70M$70M
Finance Lease, Right-of-Use Asset, Accumulated Amortization$59M$70M$75M$72M$69M$68M
Finite-Lived Intangible Assets, Accumulated Amortization$402M$584M$655M$584M$662M$730M
Goodwill, Gross$3.4B$7.4B$7.7B$7.8B$7.9B$7.9B
Goodwill accumulated impairment losses$372M$187M$187M$135M$2.6B$2.6B
Indefinite- lived intangible impairment$474M—$5.1B$4.8B$4.7B$4.8B
Investments Fair Value Disclosure$2.4B—————
Lease Liability, Total$453M$796M$811M$768M$778M$736M
Leased Assets, total$433M———$767M$722M
Liability for Asbestos and Environmental Claims, Gross$279M$284M$282M$276M$270M$271M
Asbestos and environmental claims reserves, balance$100M$100M$99M$97M$103M$110M
Amount outstanding under the credit facility$0———$1.4B—
Line Of Credit Facility Current Borrowing Capacity—$1.9B$1.9B$1.9B$1.9B$1.9B
Long-Term Debt and Lease Obligation$5.4B$9.2B$9.7B$9B$8.8B$8.2B
Fair value of long-term debt$5.2B———$9.6B—
Long-Term Nonrecourse Financial Liabilities of Variable Interest Entities (Note 15)$2.1B$2.1B$2.1B$2.1B$2.1B$2.1B
Minimum adjusted net worth balance—$9B$9B$9B$9B$9B
Long-Lived Assets$7.9B———$14.5B—
Operating Loss Carryforwards Valuation Allowance$1.1B———$1.1B—
Operating Loss and Tax Credit Carryforwards$1.4B———$1.5B—
Operating Loss and Tax Credit Carryforwards, net$245M———$429M—
Other (including finance leases)$1M———$48M—
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number$6.9M———$5.4M—
Stockholders' Equity before Treasury Stock$12.9B$22.7B$23.2B$21.9B$19.4B$19.3B
Supplier finance program, obligation$90M$369M$438M$421M$368M$389M
Resulting tax benefit$401M—————
Terminated interest rate swaps$51M———$48M—
Treasury stock, shares (in shares)$101.5M$99.2M$99.1M$99.1M$99M$97.6M