International Paper Reports Exit Costs and Impairments
Ticker: INPAP · Form: 8-K · Filed: Feb 13, 2025 · CIK: 51434
| Field | Detail |
|---|---|
| Company | International Paper Co /New/ (INPAP) |
| Form Type | 8-K |
| Filed Date | Feb 13, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1, $357 million, $357 m, $311 million, $276 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: restructuring, impairment, disposal
TL;DR
IP's taking a hit on exit costs and impairments, details TBD.
AI Summary
International Paper Co. reported on February 11, 2025, that it is incurring costs associated with exit or disposal activities and material impairments. The filing does not specify the exact dollar amounts or the nature of these activities and impairments at this time.
Why It Matters
This filing indicates potential financial restructuring or asset write-downs for International Paper, which could impact future profitability and operational focus.
Risk Assessment
Risk Level: medium — The filing indicates potential financial charges and impairments, the scale of which is not yet fully disclosed, creating uncertainty.
Key Players & Entities
- International Paper Co. (company) — Registrant
- February 11, 2025 (date) — Date of earliest event reported
- New York (jurisdiction) — State of incorporation
- 13-0872805 (tax_id) — I.R.S. Employer Identification No.
- 6400 Poplar Avenue, Memphis, Tennessee 38197 (address) — Address of Principal Executive Offices
- (901) 419-9000 (phone_number) — Registrant's telephone number
FAQ
What specific activities are associated with the exit or disposal mentioned in the filing?
The filing states that the company is incurring costs associated with exit or disposal activities, but does not specify the nature of these activities.
What assets are subject to material impairments?
The filing indicates material impairments but does not provide details on which specific assets are affected.
When did the events triggering these costs and impairments occur?
The earliest event reported is dated February 11, 2025.
What is the expected financial impact of these exit costs and impairments?
The filing does not yet disclose the specific dollar amounts or the expected financial impact of these costs and impairments.
Are there any planned future actions related to these exit or disposal activities?
The filing mentions costs associated with exit or disposal activities but does not detail any specific future plans.
Filing Stats: 850 words · 3 min read · ~3 pages · Grade level 11.5 · Accepted 2025-02-13 16:15:39
Key Financial Figures
- $1 — nge on which registered Common Stock, $1 per share par value IP New York Sto
- $357 million — regate pre-tax charges of approximately $357 million as further described below. North Ame
- $357 m — regate pre-tax charges of approximately $357 million, comprised of pre-tax noncash ass
- $311 million — oncash asset write-off of approximately $311 million (of which $276 million is accelerated d
- $276 million — of approximately $311 million (of which $276 million is accelerated depreciation), and pre-t
- $46 million — other shutdown charges of approximately $46 million. The Company expects that these charges
Filing Documents
- d894584d8k.htm (8-K) — 29KB
- d894584dex991.htm (EX-99.1) — 6KB
- g894584dsp1a.jpg (GRAPHIC) — 9KB
- 0001193125-25-026087.txt ( ) — 168KB
- ip-20250211.xsd (EX-101.SCH) — 3KB
- ip-20250211_lab.xml (EX-101.LAB) — 17KB
- ip-20250211_pre.xml (EX-101.PRE) — 11KB
- d894584d8k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. International Paper Company Date: February 13, 2025 By: /s/ Joseph R. Saab Name: Joseph R. Saab Title: Senior Vice President, General Counsel and Corporate Secretary 3