7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31 2020-09-30 2020-06-30 2020-03-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 2006-12-31 2006-03-31 
      
    		                                                                    
      operating activities
    		                                                                    
      net earnings
    		-1,132,000,000 -30,000,000 -105,000,000 704,000,000 554,000,000 56,000,000 572,000,000 407,000,000 172,000,000 1,822,000,000 871,000,000 360,000,000 1,647,000,000 783,000,000 349,000,000 329,000,000 125,000,000 -141,000,000 1,054,000,000 712,000,000 426,000,000 318,000,000 1,460,000,000 395,000,000 80,000,000 209,000,000 219,000,000 309,000,000 40,000,000 334,000,000 178,000,000 210,000,000 218,000,000 311,000,000 128,000,000 349,000,000 158,000,000 -99,000,000 430,000,000 376,000,000 257,000,000 315,000,000 232,000,000 238,000,000 137,000,000 192,000,000 -1,084,000,000 518,000,000 224,000,000 342,000,000 -346,000,000 399,000,000 100,000,000 -153,000,000    257,000,000 -1,791,000,000 149,000,000 227,000,000 133,000,000 327,000,000 217,000,000 190,000,000 434,000,000 1,971,000,000 -1,237,000,000 
      depreciation and amortization
    		2,184,000,000 1,051,000,000 571,000,000 806,000,000 539,000,000                                                             262,000,000  316,000,000 
      deferred income tax benefit
    		-738,000,000 -95,000,000 -74,000,000 -606,000,000 -427,000,000 -11,000,000 -47,000,000 -13,000,000 -2,000,000 -816,000,000 -5,000,000 30,000,000 -151,000,000 5,000,000 20,000,000 -5,000,000 12,000,000 35,000,000 68,000,000 50,000,000 22,000,000 -30,000,000 -1,408,000,000 -9,000,000 297,000,000 7,000,000 91,000,000 23,000,000 59,000,000 -37,000,000                81,000,000 282,000,000    25,000,000 335,000,000   -425,000,000 46,000,000 469,000,000 70,000,000        74,000,000  18,000,000 
      restructuring charges
    		459,000,000 122,000,000 83,000,000                                                                  
      net (gains) losses on sales and impairments of businesses
    		973,000,000 -51,000,000           -367,000,000 -7,000,000 2,000,000 347,000,000 352,000,000 344,000,000 153,000,000 145,000,000 -7,000,000 0 0 0   0 5,000,000 28,000,000 37,000,000         2,000,000    -3,000,000 18,000,000 78,000,000 -7,000,000 -1,000,000 82,000,000 129,000,000 8,000,000 -23,000,000 0           -13,000,000 1,000,000 -1,000,000 -314,000,000   
      net (gains) losses on sales and impairments of assets
    		-52,000,000                                                                    
      periodic pension income
    		20,000,000 16,000,000 13,000,000 -1,000,000 -1,000,000 -2,000,000 70,000,000 47,000,000 26,000,000 -87,000,000 -58,000,000 -28,000,000 -84,000,000 -57,000,000 -28,000,000                                                      
      other
    		-54,000,000 -75,000,000 -87,000,000 99,000,000 77,000,000 32,000,000 36,000,000 34,000,000 39,000,000 126,000,000 72,000,000 51,000,000 129,000,000 71,000,000 25,000,000 212,000,000 109,000,000 166,000,000 106,000,000 55,000,000 46,000,000 0 120,000,000 19,000,000 28,000,000 45,000,000 32,000,000 2,000,000 96,000,000 27,000,000 21,000,000 22,000,000 34,000,000 76,000,000 101,000,000 84,000,000 -24,000,000 6,000,000 196,000,000 -76,000,000 48,000,000 -84,000,000  -50,000,000 -19,000,000 3,000,000 36,000,000 51,000,000 22,000,000 60,000,000 74,000,000 18,000,000 29,000,000 -104,000,000 87,000,000 33,000,000 47,000,000 60,000,000 38,000,000 35,000,000 -36,000,000 81,000,000 -82,000,000 -41,000,000 135,000,000 51,000,000 120,000,000 24,000,000 
      changes in operating assets and liabilities
    		                                                                    
      accounts and notes receivable
    		-166,000,000 -211,000,000 -178,000,000 -79,000,000 -161,000,000 7,000,000 201,000,000 160,000,000 103,000,000 -294,000,000 -276,000,000 -146,000,000 -510,000,000 -496,000,000 -186,000,000 96,000,000 74,000,000 -107,000,000 168,000,000 48,000,000 26,000,000 99,000,000 -77,000,000 -63,000,000 -173,000,000 -57,000,000 -11,000,000 3,000,000 -79,000,000 -7,000,000 173,000,000 -33,000,000 -57,000,000 -76,000,000  -7,000,000 -37,000,000 -170,000,000  -23,000,000 -112,000,000 -222,000,000 151,000,000 -50,000,000 163,000,000 113,000,000 374,000,000 -64,000,000 -73,000,000 -365,000,000 228,000,000 -231,000,000 -118,000,000 -206,000,000 138,000,000 271,000,000 -17,000,000 212,000,000 463,000,000 15,000,000 -32,000,000 5,000,000 -135,000,000 150,000,000 -75,000,000 -81,000,000 125,000,000 -97,000,000 
      contract assets
    		-62,000,000 -53,000,000 -47,000,000 -1,000,000 -3,000,000 2,000,000 7,000,000 -9,000,000 -52,000,000 -138,000,000 -129,000,000 -114,000,000 -74,000,000 -62,000,000 -83,000,000 2,000,000 -11,000,000 -33,000,000 6,000,000 -4,000,000 -15,000,000 -12,000,000                                               
      inventories
    		-53,000,000 28,000,000 22,000,000 49,000,000 112,000,000 76,000,000 62,000,000 87,000,000 52,000,000 -217,000,000 -133,000,000 31,000,000 -133,000,000 110,000,000 93,000,000 74,000,000 65,000,000 60,000,000 -9,000,000 48,000,000 -22,000,000 -116,000,000 -17,000,000 -91,000,000 36,000,000 -15,000,000 17,000,000 -54,000,000 57,000,000 -9,000,000 90,000,000 -162,000,000 22,000,000 -81,000,000  -126,000,000 11,000,000 -3,000,000  -89,000,000 15,000,000 -47,000,000  -10,000,000 -6,000,000 39,000,000 29,000,000 -81,000,000 -11,000,000 7,000,000 -5,000,000 -70,000,000 -60,000,000 -51,000,000 54,000,000 -48,000,000 164,000,000 146,000,000 152,000,000 -14,000,000 -58,000,000 -32,000,000 9,000,000 27,000,000 11,000,000 -129,000,000 -12,000,000 17,000,000 
      accounts payable and other liabilities
    		-459,000,000 -348,000,000 -370,000,000                                                                  
      interest payable
    		-3,000,000 49,000,000 23,000,000 24,000,000 4,000,000 17,000,000 -5,000,000 -23,000,000 -5,000,000 50,000,000 3,000,000 25,000,000 9,000,000 -2,000,000 15,000,000 -26,000,000  -12,000,000 -31,000,000 1,000,000 -25,000,000 25,000,000 12,000,000 -10,000,000 17,000,000 -18,000,000 17,000,000 11,000,000 -19,000,000 32,000,000 -41,000,000 45,000,000 -40,000,000 19,000,000  28,000,000 -49,000,000 37,000,000  9,000,000 -41,000,000 24,000,000 -35,000,000 45,000,000 -48,000,000 68,000,000 -37,000,000 45,000,000 -44,000,000 42,000,000 -46,000,000 57,000,000 -50,000,000 42,000,000 -29,000,000 53,000,000 -50,000,000 18,000,000           
      cash from operations
    		793,000,000 188,000,000 -288,000,000 1,281,000,000 760,000,000 395,000,000 1,341,000,000 873,000,000 345,000,000 1,413,000,000 978,000,000 588,000,000 1,923,000,000 1,278,000,000 512,000,000 2,274,000,000 1,539,000,000 649,000,000 2,682,000,000 1,800,000,000 733,000,000   -709,000,000 645,000,000 633,000,000  341,000,000 605,000,000 620,000,000  837,000,000 115,000,000 638,000,000  933,000,000 529,000,000 471,000,000  712,000,000 748,000,000 531,000,000  879,000,000 794,000,000 581,000,000 637,000,000 876,000,000 648,000,000 514,000,000 1,044,000,000 -213,000,000 641,000,000 159,000,000 1,085,000,000 1,381,000,000 1,395,000,000 794,000,000 713,000,000 946,000,000 576,000,000 434,000,000 536,000,000 716,000,000 383,000,000 252,000,000 -415,000,000 246,000,000 
      investment activities
    		                                                                    
      capital expenditures
    		-1,207,000,000 -752,000,000 -330,000,000                                                                  
      free cash flows
    		                                                                    
      acquisitions, net of cash acquired
    		414,000,000 419,000,000 415,000,000          -80,000,000 -80,000,000 -61,000,000 -64,000,000 -64,000,000  -99,000,000 -99,000,000 -17,000,000  0 -1,000,000   -2,172,000,000 5,000,000            -6,000,000 4,000,000 -505,000,000  0 0 -3,734,000,000 -376,000,000 -3,000,000   0 3,000,000 -155,000,000 0 0 -9,000,000 0 -8,000,000 0    -12,000,000      
      proceeds from divestitures, net of transaction costs
    		138,000,000 138,000,000                                                                   
      proceeds from sale of fixed assets
    		108,000,000 93,000,000 83,000,000 5,000,000 4,000,000 1,000,000 4,000,000 3,000,000 2,000,000 11,000,000 11,000,000 5,000,000 95,000,000   3,000,000 3,000,000 1,000,000 15,000,000 4,000,000 3,000,000 11,000,000 4,000,000 5,000,000 16,000,000 1,000,000 6,000,000 2,000,000 3,000,000 8,000,000 5,000,000 13,000,000 10,000,000 9,000,000 12,000,000 21,000,000   -11,000,000                              
      proceeds from insurance recoveries
    		33,000,000 28,000,000 28,000,000 25,000,000                                                                 
      cash from investment activities
    		-478,000,000 -38,000,000 237,000,000 -634,000,000 -446,000,000 -247,000,000 -358,000,000 -603,000,000 -339,000,000 -293,000,000 -217,000,000 -180,000,000 6,184,000,000 586,000,000 258,000,000 -200,000,000 -334,000,000 -35,000,000 -994,000,000 -715,000,000 -294,000,000 -259,000,000 -383,000,000 -278,000,000 -330,000,000 -400,000,000 -2,527,000,000 -279,000,000 -328,000,000 -364,000,000 -540,000,000 -461,000,000 -361,000,000 -377,000,000  144,000,000 -332,000,000 -370,000,000  564,000,000 -263,000,000 -790,000,000  98,000,000 -426,000,000 -4,154,000,000 -594,000,000 -341,000,000 -245,000,000 -307,000,000 -223,000,000 -151,000,000 -309,000,000 -151,000,000 -150,000,000 -117,000,000 -133,000,000 -193,000,000 -225,000,000 -6,324,000,000 -307,000,000 -341,000,000 -943,000,000 -581,000,000 -248,000,000 1,326,000,000 -67,000,000 -299,000,000 
      financing activities
    		                                                                    
      issuance of debt
    		422,000,000 349,000,000 239,000,000    772,000,000 772,000,000 670,000,000 752,000,000 232,000,000 88,000,000 1,511,000,000 4,000,000 2,000,000 692,000,000 579,000,000 560,000,000 381,000,000 444,000,000 208,000,000 141,000,000 541,000,000 1,234,000,000 -54,000,000 186,000,000 383,000,000 2,243,000,000 737,000,000 467,000,000 4,433,000,000 357,000,000 2,043,000,000 40,000,000 12,000,000 50,000,000 1,813,000,000 107,000,000 29,000,000 44,000,000 2,000,000 166,000,000 80,000,000 133,000,000 325,000,000 1,594,000,000 1,594,000,000 -55,000,000 178,000,000 49,000,000 16,000,000 11,000,000 128,000,000 38,000,000 739,000,000 1,014,000,000 990,000,000 486,000,000 13,000,000 2,876,000,000 3,052,000,000 83,000,000 63,000,000 13,000,000   -1,036,000,000  
      reduction of debt
    		-193,000,000 -149,000,000 -6,000,000 -33,000,000 -8,000,000 -3,000,000 -689,000,000 -536,000,000 -413,000,000 -954,000,000 -243,000,000 -3,000,000 -1,132,000,000 -914,000,000 -111,000,000 -1,795,000,000 -917,000,000 -136,000,000 -772,000,000 -452,000,000 -142,000,000 -766,000,000 -1,055,000,000 -121,000,000 -21,000,000 -227,000,000 -83,000,000 -785,000,000 -748,000,000 -322,000,000 -4,745,000,000 -708,000,000 -1,214,000,000 -280,000,000  -327,000,000 -1,272,000,000 -163,000,000  -477,000,000 -81,000,000 -79,000,000  -988,000,000 -619,000,000 -516,000,000 -233,000,000 27,000,000 -159,000,000 -152,000,000 -71,000,000 -196,000,000 -189,000,000 -120,000,000 -1,407,000,000 -2,294,000,000 -1,581,000,000 -1,036,000,000 -69,000,000 -502,000,000 -99,000,000 -26,000,000 -347,000,000 -61,000,000 -105,000,000 -362,000,000 -2,235,000,000 -740,000,000 
      change in book overdrafts
    		14,000,000 99,000,000 94,000,000 -51,000,000 -14,000,000 -5,000,000 -26,000,000 -33,000,000 -26,000,000  -47,000,000 -66,000,000 29,000,000 2,000,000 -19,000,000 16,000,000 -10,000,000 -9,000,000 -29,000,000 -14,000,000 -25,000,000 32,000,000 21,000,000 11,000,000 0 -6,000,000  -11,000,000 3,000,000 3,000,000 -29,000,000 -4,000,000   10,000,000 -3,000,000 7,000,000 16,000,000  14,000,000 -36,000,000 -43,000,000 63,000,000 -6,000,000 29,000,000 -75,000,000 -2,000,000 -12,000,000 18,000,000 -33,000,000 -42,000,000 115,000,000 -8,000,000 -27,000,000 25,000,000 67,000,000 8,000,000 -80,000,000 9,000,000 8,000,000 -14,000,000 -39,000,000 80,000,000 -4,000,000 -19,000,000 20,000,000 60,000,000 -38,000,000 
      repurchases of common stock and payments of restricted stock tax withholding
    		-64,000,000 -63,000,000 -62,000,000 -22,000,000 -22,000,000 -22,000,000 -218,000,000 -218,000,000 -177,000,000 -1,093,000,000 -823,000,000 -428,000,000 -425,000,000 -213,000,000 -155,000,000 -42,000,000 -41,000,000 -41,000,000 -535,000,000 -460,000,000 -229,000,000 -200,000,000  0 0 -46,000,000  0 -1,000,000 -131,000,000  -152,000,000 -214,000,000 -139,000,000  -206,000,000 -297,000,000 -388,000,000  -19,000,000 0 -51,000,000  0 0 -35,000,000  0 -1,000,000 -29,000,000  0 0 -26,000,000  0 0 -10,000,000  0 0 -47,000,000       
      dividends paid
    		-733,000,000 -488,000,000 -244,000,000 -482,000,000 -321,000,000 -161,000,000 -482,000,000 -322,000,000 -162,000,000 -509,000,000 -344,000,000 -174,000,000 -602,000,000 -403,000,000 -202,000,000 -605,000,000 -403,000,000 -202,000,000 -595,000,000 -398,000,000 -201,000,000 -201,000,000 -196,000,000 -191,000,000 -191,000,000 -191,000,000 -190,000,000 -181,000,000 -181,000,000 -181,000,000 -182,000,000 -166,000,000 -168,000,000 -169,000,000  -149,000,000 -149,000,000 -153,000,000  -134,000,000 -134,000,000 -132,000,000  -115,000,000 -114,000,000 -115,000,000 -115,000,000 -115,000,000 -115,000,000 -82,000,000 -55,000,000 -54,000,000 -55,000,000 -11,000,000 -11,000,000 -11,000,000 -10,000,000 -108,000,000 -107,000,000 -103,000,000 -106,000,000 -112,000,000 -106,000,000 -107,000,000 -109,000,000 -114,000,000 -113,000,000 -123,000,000 
      cash from financing activities
    		-555,000,000 -253,000,000 21,000,000 -588,000,000 -365,000,000 -191,000,000 -644,000,000 -338,000,000 -108,000,000 -1,895,000,000 -1,226,000,000 -583,000,000 -5,074,000,000 -1,715,000,000 -504,000,000 -1,859,000,000 -817,000,000 165,000,000 -1,547,000,000 -876,000,000 -389,000,000 -1,000,000,000 -779,000,000 930,000,000 -266,000,000 -284,000,000 104,000,000 1,232,000,000 -190,000,000 -164,000,000 -637,000,000 -673,000,000 255,000,000 -546,000,000  -629,000,000 -250,000,000 -563,000,000  -543,000,000 -201,000,000 -106,000,000  -938,000,000 -390,000,000 848,000,000 1,232,000,000 -129,000,000 -81,000,000 -280,000,000 -170,000,000 -126,000,000 -143,000,000 -149,000,000  -1,302,000,000 -617,000,000 -759,000,000 -44,000,000 2,230,000,000 2,813,000,000 -140,000,000 -404,000,000 -159,000,000 -862,000,000 -827,000,000 1,355,000,000 -891,000,000 
      effect of exchange rate changes on cash and temporary investments
    		75,000,000 68,000,000 18,000,000 -13,000,000 -13,000,000  6,000,000 10,000,000  -9,000,000 -4,000,000                                                          
      change in cash and temporary investments
    		-165,000,000 -35,000,000 -14,000,000 46,000,000 -64,000,000 -43,000,000 345,000,000 -58,000,000  -784,000,000 -469,000,000   111,000,000 192,000,000 167,000,000 336,000,000 728,000,000 108,000,000 198,000,000 52,000,000 -437,000,000 20,000,000 -43,000,000 43,000,000 -35,000,000 -1,529,000,000 1,308,000,000 99,000,000 105,000,000 -54,000,000 -486,000,000 14,000,000 -305,000,000 163,000,000 425,000,000 -48,000,000 -461,000,000 -144,000,000 741,000,000 271,000,000 -368,000,000  47,000,000 -60,000,000 -2,706,000,000 1,272,000,000 323,000,000 350,000,000 -24,000,000 644,000,000 -442,000,000 122,000,000 -143,000,000 240,000,000 -2,000,000 699,000,000 -189,000,000 373,000,000 -3,208,000,000 3,099,000,000 -25,000,000 -797,000,000 21,000,000 -709,000,000 766,000,000 888,000,000 -932,000,000 
      cash and temporary investments
    		                                                                    
      beginning of period
    		1,170,000,000 1,170,000,000 1,170,000,000 1,113,000,000 1,113,000,000 1,113,000,000 804,000,000 804,000,000 804,000,000 1,295,000,000 1,295,000,000 1,295,000,000 595,000,000 595,000,000 595,000,000 511,000,000 511,000,000 511,000,000 589,000,000 589,000,000 589,000,000   0 0 1,033,000,000  0 0 1,050,000,000  0 0 1,881,000,000  0 0 1,802,000,000  0 0 1,302,000,000  0 0 3,994,000,000  0 0 2,073,000,000  0 0 1,892,000,000  0 0 1,144,000,000  0         
      end of period
    		1,005,000,000 1,135,000,000 1,156,000,000 1,159,000,000 1,049,000,000 1,070,000,000 1,149,000,000 746,000,000 708,000,000 511,000,000 826,000,000 1,119,000,000 3,621,000,000 706,000,000 787,000,000 678,000,000 847,000,000 1,239,000,000 697,000,000 787,000,000 641,000,000   -43,000,000 43,000,000 998,000,000  1,308,000,000 99,000,000 1,155,000,000  -486,000,000 14,000,000 1,576,000,000  425,000,000 -48,000,000 1,341,000,000  741,000,000 271,000,000 934,000,000  47,000,000 -60,000,000 1,288,000,000  323,000,000 350,000,000 2,049,000,000  -442,000,000 122,000,000 1,749,000,000  -2,000,000 699,000,000 955,000,000  -3,208,000,000         
      in millions
    		                                                                    
      primary geographical markets
    		                                                                    
      united states
    		                 3,130,000,000 3,180,000,000 3,205,000,000 3,146,000,000                                                
      europe, middle east and africa
    		                                                                    
      pacific rim and asia
    		                 12,000,000 20,000,000 12,000,000 18,000,000                                                
      americas, other than u.s.
    		                 237,000,000 205,000,000 227,000,000 240,000,000                                                
      total
    		                 3,819,000,000 3,820,000,000 3,864,000,000 3,832,000,000                                                
      net (gains) losses on sales of fixed assets
    		 -67,000,000 -67,000,000   5,000,000       -86,000,000                                                        
      cash included in assets held for sale
    		  -2,000,000           -45,000,000 -54,000,000 -11,000,000 -13,000,000 -9,000,000 -19,000,000 -21,000,000          -12,000,000                                       
      restructuring and other charges
    		   59,000,000 3,000,000 3,000,000    93,000,000   243,000,000 204,000,000 30,000,000 131,000,000 26,000,000 8,000,000 21,000,000   -19,000,000 83,000,000 0   7,000,000 46,000,000 0 1,000,000 33,000,000 25,000,000   16,000,000 24,000,000 324,000,000 517,000,000 79,000,000 76,000,000 -4,000,000 59,000,000 21,000,000 33,000,000 21,000,000 34,000,000 18,000,000 49,000,000 -10,000,000 45,000,000 35,000,000 0 144,000,000 215,000,000 1,040,000,000 151,000,000 79,000,000 83,000,000 218,000,000 97,000,000 13,000,000 42,000,000 9,000,000 42,000,000 26,000,000 18,000,000 108,000,000 46,000,000 
      net (gains) losses on mark to market investments
    		         -65,000,000 -49,000,000 -46,000,000                                                         
      net (gains) losses on sales and impairments of equity method investments
    		      135,000,000 76,000,000 43,000,000                                                            
      equity method dividends received
    		      13,000,000 13,000,000  204,000,000 204,000,000 204,000,000 149,000,000 149,000,000 4,000,000 158,000,000 151,000,000 5,000,000 260,000,000 251,000,000 6,000,000 23,000,000                                               
      equity (earnings) losses
    		        -42,000,000 -249,000,000 -186,000,000 -93,000,000 -247,000,000 -153,000,000 -49,000,000 -13,000,000 -41,000,000 31,000,000 -221,000,000 -194,000,000 -114,000,000                   -16,000,000 36,000,000 10,000,000  -34,000,000 26,000,000 -44,000,000 1,000,000 -50,000,000 -57,000,000 -53,000,000 -37,000,000 -22,000,000                 
      cash from operating activities
    		                                                                    
      invested in capital projects
    		   -661,000,000 -449,000,000 -251,000,000             -913,000,000 -628,000,000 -293,000,000 -286,000,000 -456,000,000 -271,000,000 -290,000,000 -374,000,000 -445,000,000 -266,000,000 -328,000,000 -309,000,000 -489,000,000 -325,000,000 -354,000,000 -319,000,000  -327,000,000 -357,000,000 -277,000,000  -271,000,000 -272,000,000 -216,000,000  -296,000,000 -420,000,000 -285,000,000 -434,000,000 -315,000,000 -229,000,000 -181,000,000 -318,000,000 -184,000,000 -153,000,000 -120,000,000  -108,000,000 -131,000,000 -128,000,000  -250,000,000 -267,000,000 -215,000,000  -327,000,000 -299,000,000 -178,000,000  -171,000,000 
      proceeds from sales of equity method investments, net of transaction costs
    		      472,000,000                                                              
      proceeds from exchange of equity securities
    		         311,000,000 144,000,000                                                          
      net debt tender premiums paid
    		         -89,000,000   -221,000,000 -188,000,000 -19,000,000     4,000,000                                                 
      effect of exchange rate changes on cash
    		             7,000,000 -20,000,000 -37,000,000 -39,000,000 -42,000,000 -14,000,000 10,000,000 2,000,000 1,000,000 -6,000,000 10,000,000 -2,000,000 16,000,000 -18,000,000 14,000,000 0 25,000,000 -10,000,000 -46,000,000 5,000,000 -20,000,000  -23,000,000 5,000,000 1,000,000  8,000,000 -13,000,000 -3,000,000  8,000,000 -38,000,000 19,000,000 -3,000,000 -83,000,000 28,000,000 49,000,000 -7,000,000 48,000,000 -67,000,000 -2,000,000 3,000,000 36,000,000 54,000,000 -31,000,000  -60,000,000 17,000,000 22,000,000   18,000,000 15,000,000   
      beginning of the period
    		                                                             905,000,000 0 0 0 1,624,000,000 0 1,641,000,000 
      end of the period
    		                                                             880,000,000 -797,000,000 21,000,000 -709,000,000 2,390,000,000 888,000,000 709,000,000 
      balance, january 1, 2022
    		                                                                    
      issuance of stock for various plans
    		                       36,000,000 40,000,000 54,000,000 -98,000,000 27,000,000 79,000,000 -6,000,000 -197,000,000 29,000,000 34,000,000 141,000,000 -220,000,000 39,000,000 54,000,000 128,000,000  73,000,000 80,000,000 265,000,000     -78,000,000 8,000,000 28,000,000 45,000,000 -93,000,000 27,000,000 22,000,000 47,000,000    36,000,000     2,790,000,000 127,000,000 87,000,000 2,000,000 -469,000,000 2,216,000,000 
      repurchase of stock
    		                       0 0 -46,000,000  0 -1,000,000 -131,000,000  -152,000,000 -212,000,000 -141,000,000  -206,000,000 -297,000,000 -388,000,000  -19,000,000 0 -51,000,000     30,000,000 0 -1,000,000 -29,000,000 26,000,000 0 0 -26,000,000    -10,000,000           
      dividends
    		                                                                    
      comprehensive income
    		                       554,000,000 124,000,000 419,000,000  335,000,000 -52,000,000 653,000,000  -252,000,000 383,000,000 -83,000,000  -82,000,000 311,000,000 -114,000,000  606,000,000 -15,000,000 396,000,000                           
      balance, december 31, 2022
    		                                                                    
      balance, december 31, 2023
    		                                                                    
      balance, december 31, 2024
    		                                                                    
      equity (earnings) losses, net of taxes
    		   4,000,000 3,000,000 2,000,000 -109,000,000 -88,000,000                                                             
      changes in current assets and liabilities
    		                                                                    
      accounts payable and accrued liabilities
    		   233,000,000 90,000,000 -44,000,000 -332,000,000 -280,000,000 -203,000,000 218,000,000 199,000,000 89,000,000 716,000,000 367,000,000 68,000,000  -37,000,000 -31,000,000 -11,000,000 2,000,000 34,000,000 -150,000,000 109,000,000 115,000,000 -132,000,000 22,000,000 135,000,000 39,000,000 -50,000,000 -26,000,000 -166,000,000 -5,000,000 96,000,000 -14,000,000  19,000,000 23,000,000 -91,000,000  -97,000,000 62,000,000 16,000,000  118,000,000 10,000,000 -253,000,000 -402,000,000 -109,000,000 108,000,000 14,000,000 -178,000,000 83,000,000 57,000,000 -14,000,000 -283,000,000 127,000,000 -112,000,000 -53,000,000 -560,000,000 133,000,000 185,000,000 -75,000,000 223,000,000 -80,000,000 -172,000,000 -61,000,000 -292,000,000 -109,000,000 
      europe, middle east & africa
    		                                                                    
      operating segments
    		                                                                    
      north american industrial packaging
    		                 3,355,000,000 3,368,000,000 3,414,000,000 3,376,000,000                                                
      emea industrial packaging
    		                 350,000,000 324,000,000 331,000,000 339,000,000                                                
      global cellulose fibers
    		                                                                    
      intrasegment eliminations
    		                                                                    
      corporate & intersegment sales
    		                                                                    
      depreciation, amortization and cost of timber harvested
    		     278,000,000 743,000,000 485,000,000 241,000,000 789,000,000 528,000,000 261,000,000 933,000,000 615,000,000 309,000,000 955,000,000 635,000,000 323,000,000 963,000,000 636,000,000 315,000,000   373,000,000 357,000,000 345,000,000  314,000,000 301,000,000 284,000,000  329,000,000 328,000,000 323,000,000  357,000,000 359,000,000 352,000,000  401,000,000 396,000,000 379,000,000  383,000,000 366,000,000 362,000,000  335,000,000 336,000,000 340,000,000  362,000,000 363,000,000 371,000,000  378,000,000 367,000,000 343,000,000  374,000,000 305,000,000 286,000,000 278,000,000 277,000,000     
      depreciation, amortization, and cost of timber harvested
    		                                                                    
      invested in capital projects, net of insurance recoveries
    		      -836,000,000 -608,000,000 -341,000,000 -609,000,000 -371,000,000 -185,000,000 -348,000,000 -222,000,000 -89,000,000 -657,000,000 -538,000,000 -286,000,000                                                   
      proceeds from sales of businesses, net of cash divested
    		            827,000,000 90,000,000 11,000,000                                                      
      proceeds from settlement of variable interest entities
    		                                                                    
      reduction of variable interest entity loans
    		            -4,220,000,000                                                        
      distribution to sylvamo corporation
    		                                                                    
      balance, january 1, 2021
    		                                                                    
      sylvamo corporation spin-off
    		                                                                    
      transactions of equity method investees
    		                       -27,000,000 1,000,000 2,000,000  -1,000,000 -53,000,000 17,000,000                                       
      divestiture of noncontrolling interests
    		                                                                    
      balance, december 31, 2021
    		                                                                    
      intra-segment eliminations
    		                 -32,000,000 -25,000,000 -31,000,000 -31,000,000                                                
      emea
    		                 440,000,000 415,000,000 420,000,000 428,000,000                                                
      effect of exchange rate changes on cash and temporary investments and restricted cash
    		        6,000,000   -1,000,000 -7,000,000                                                        
      change in cash and temporary investments and restricted cash
    		        -96,000,000   -176,000,000 3,026,000,000                                                        
      cash and temporary investments and restricted cash
    		                                                                    
      proceeds from sales of equity method investments
    		            843,000,000 800,000,000 397,000,000 500,000,000 250,000,000 250,000,000                                                   
      balance, january 1, 2020
    		                                                                    
      adoption of asu 2016-13 measurement of credit losses on financial instruments
    		                                                                    
      transactions with noncontrolling interest holders
    		                                                                    
      balance, december 31, 2020
    		                                                                    
      net (gains) losses on sales of equity method investments
    		            -205,000,000 -204,000,000 -74,000,000 -35,000,000 -33,000,000 -33,000,000                                                   
      proceeds from settlement of variable interest entity installment notes
    		            4,850,000,000                                                        
      corporate & inter-segment sales
    		                                                                    
      antitrust fines
    		                  32,000,000                                                  
      balance, january 1, 2019
    		                                                                    
      adoption of asu 2018-02 reclassification of stranded tax effects resulting from tax reform
    		                                                                    
      balance, december 31, 2019
    		                                                                    
      european coated paperboard
    		                 92,000,000 92,000,000 92,000,000 91,000,000                                                
      north american printing papers
    		                                                                    
      brazilian papers
    		                                                                    
      european papers
    		                                                                    
      periodic pension expense
    		               24,000,000 16,000,000 11,000,000 70,000,000 47,000,000 26,000,000 460,000,000 480,000,000 79,000,000 80,000,000 78,000,000 91,000,000 94,000,000 533,000,000 91,000,000 111,000,000 126,000,000 102,000,000 122,000,000 97,000,000 96,000,000 104,000,000 90,000,000 132,000,000 134,000,000 139,000,000 140,000,000 86,000,000 86,000,000 87,000,000 83,000,000 49,000,000 49,000,000 52,000,000 45,000,000 57,000,000 58,000,000 57,000,000 59,000,000 53,000,000 53,000,000 46,000,000 61,000,000 34,000,000 32,000,000 29,000,000 28,000,000 52,000,000 53,000,000 53,000,000 52,000,000 94,000,000 93,000,000 
      net gain on transfer of north american consumer packaging business
    		                     0                                               
      net settlement on transfer of north american consumer packaging business
    		                     0                                               
      balance, january 1, 2018
    		                                                                    
      adoption of asc 606 revenue from contracts with customers
    		                                                                    
      balance, december 31, 2018
    		                                                                    
      debt tender premiums paid
    		               -124,000,000       -83,000,000    0    0 0    -12,000,000                                 
      brazilian industrial packaging
    		                 54,000,000 61,000,000 58,000,000 57,000,000                                                
      indian papers
    		                                                                    
      pension plan contributions
    		                           -500,000,000    0    -90,000,000                                 
      net bargain purchase gain on acquisition of business
    		                      0 0 0 -6,000,000              0                             
      proceeds from divestitures, net of cash divested
    		                  17,000,000 17,000,000 17,000,000       4,000,000                                         
      balance, january 1, 2017
    		                                                                    
      balance, december 31, 2017
    		                                                                    
      balance, january 1, 2016
    		                                                                    
      balance, december 31, 2016
    		                                                                    
      equity (earnings) loss
    		                       -45,000,000 -20,000,000 -48,000,000  -43,000,000 -45,000,000 -63,000,000  13,000,000 -62,000,000 -35,000,000  72,000,000 -41,000,000 33,000,000                               
      condensed consolidated statement of operations
    		                                                                    
      cost of products sold
    		                                                                    
      selling and administrative expenses
    		                                                                    
      non-operating pension expense
    		                                                                    
      litigation settlement
    		                                                                    
      net gain on transfer of north american consumer packaging business to graphic packaging
    		                                                                    
      ilim dividends received
    		                      4,000,000 2,000,000 0 127,000,000                                           
      pension plan contribution
    		                                     -58,000,000  0    0   -300,000,000    0                  
      impairment of goodwill and other intangible assets
    		                                                                    
      proceeds from divestitures
    		                                      -7,000,000    0 469,000,000 0 5,000,000 0 0 0 50,000,000         0 0     37,000,000 1,633,000,000   
      investment in special purpose entities
    		                              0                                      
      repurchase of common stock and payments of restricted stock tax withholding
    		                                                                    
      issuance of common stock
    		                              0 0 0 2,000,000 7,000,000 19,000,000 22,000,000 18,000,000 10,000,000 45,000,000 52,000,000 191,000,000 48,000,000 39,000,000 0 21,000,000             0 0 0 1,000,000 6,000,000 51,000,000 41,000,000 30,000,000 6,000,000 7,000,000 
      balance, january 1, 2015
    		                                                                    
      balance, december 31, 2015
    		                                                                    
      in millions, except per share amounts
    		                                                                    
      balance, january 1
    		                       0 0 4,341,000,000  0 0 3,884,000,000  0 0 5,115,000,000  0 0 8,105,000,000  0 0 6,304,000,000      0 0 6,834,000,000  0 0 6,023,000,000    4,169,000,000           
      common stock dividends
    		                       -194,000,000 -195,000,000 -195,000,000  -184,000,000 -183,000,000 -183,000,000  -168,000,000 -171,000,000 -174,000,000  -150,000,000 -154,000,000 -158,000,000  -137,000,000 -136,000,000 -136,000,000      -115,000,000 -114,000,000 -83,000,000  -54,000,000 -55,000,000 -13,000,000    -112,000,000           
      ending balance, september 30
    		                                                                    
      ending balance, june 30
    		                                                                    
      ending balance, march 31
    		                         4,575,000,000    4,234,000,000    4,858,000,000    7,573,000,000    6,778,000,000                           
      proceeds from spinoff
    		                                  26,000,000                                  
      acquisition of redeemable noncontrolling interest
    		                                   -9,000,000                                 
      balance, january 1, 2014
    		                                                                    
      xpedx spinoff
    		                                                                    
      acquisition of redeemable noncontrolling interests
    		                                   6,000,000                                 
      remeasurement of redeemable noncontrolling interest
    		                                   0                                 
      balance, december 31, 2014
    		                                                                    
      release of tax reserves
    		                                                                    
      redemption of securities
    		                                       0 0 -150,000,000                           
      balance, january 1, 2013
    		                                                                    
      dividends paid to noncontrolling interests by subsidiary
    		                                              0 0 0 0 0 0 0 0               
      noncontrolling interests of acquired entities
    		                                              0 0   0 0                 
      balance, december 31, 2013
    		                                                                    
      deferred income tax provision
    		                               65,000,000 39,000,000 -3,000,000  23,000,000 -18,000,000 -144,000,000  19,000,000 32,000,000 4,000,000  82,000,000     4,000,000 -2,000,000    76,000,000               
      impairment of business
    		                                                                    
      equity investment in ilim
    		                                                          0 0         
      balance, january 1, 2012
    		                                                                    
      balance, december 31, 2012
    		                                                                    
      redemption of preferred securities
    		                                                                    
      discontinued operations, net of taxes
    		                                    3,000,000 2,000,000  10,000,000 -24,000,000 -26,000,000                           
      earnings from continuing operations
    		                                    161,000,000 -97,000,000 425,000,000    222,000,000 224,000,000 121,000,000 187,000,000 261,000,000 515,000,000 232,000,000 298,000,000     -97,000,000 377,000,000 140,000,000 261,000,000 -1,796,000,000 149,000,000 228,000,000 150,000,000 338,000,000 220,000,000 200,000,000 457,000,000  67,000,000 
      cash from operations – continuing operations
    		                                    532,000,000 473,000,000  725,000,000 723,000,000 516,000,000  863,000,000 778,000,000 633,000,000             713,000,000 946,000,000         
      cash from operations – discontinued operations
    		                                    -3,000,000 -2,000,000  -13,000,000 25,000,000 15,000,000  16,000,000 16,000,000 -52,000,000                       
      cash from investment activities – continuing operations
    		                                    -332,000,000 -370,000,000  560,000,000 -262,000,000 -788,000,000  106,000,000 -422,000,000 -4,105,000,000             -225,000,000 -6,324,000,000         
      cash from investment activities – discontinued operations
    		                                       4,000,000 -1,000,000 -2,000,000  -8,000,000 -4,000,000 -49,000,000                       
      cash from operating activities - continuing operations
    		                                                                    
      cash from operating activities - discontinued operations
    		                                                                    
      escrow arrangement
    		                                                                    
      cash from investment activities - continuing operations
    		                                                             -341,000,000  -581,000,000 -247,000,000 1,337,000,000  -289,000,000 
      cash from investment activities - discontinued operations
    		                                                               0 -1,000,000 -11,000,000  -10,000,000 
      balance, january 1, 2011
    		                                                                    
      acquisition of noncontrolling interests
    		                                              0 0 0 0  0 0 -12,000,000               
      balance, december 31, 2011
    		                                                                    
      earnings from continuing operations, including portion attributable to noncontrolling interest
    		                                        233,000,000 289,000,000                           
      cost of forestlands sold
    		                                                                    
      balance, january 1, 2010
    		                                                                    
      balance, december 31, 2010
    		                                                                    
      escrow arrangement for acquisition
    		                                            0 0  -34,000,000 0 -105,000,000                   
      note 1
    		                                                                    
      discontinued operations, net of taxes and noncontrolling interests
    		                                            -16,000,000 -5,000,000                       
      equity earnings
    		                                            -17,000,000 12,000,000             2,000,000 -5,000,000 -30,000,000 -16,000,000       
      net earnings attributable to international paper company
    		                                            -17,000,000 12,000,000         -101,000,000 371,000,000 136,000,000 257,000,000           
      basic earnings per share from continuing operations
    		                                            -40,000 30,000                       
      basic net earnings per share
    		                                            -40,000 30,000                       
      diluted earnings per share from continuing operations
    		                                            -40,000 30,000                       
      diluted net earnings per share
    		                                            -40,000 30,000                       
      noncontrolling interests
    		                                                        4,000,000 4,000,000           
      balance, january 1, 2009
    		                                                                    
      cash dividends – common stock
    		                                                                    
      amortization of pension and postretirement prior service costs and net income:
    		                                                                    
      u.s. plans
    		                                              -104,000,000 35,000,000 36,000,000 33,000,000 -85,000,000 28,000,000 27,000,000 30,000,000    31,000,000           
      pension and postretirement liability adjustments:
    		                                                                    
      non-u.s. plans
    		                                              -4,000,000   0 3,000,000 -3,000,000 0 0    7,000,000           
      change in cumulative foreign currency translation adjustment
    		                                              315,000,000 -701,000,000 209,000,000 177,000,000 -29,000,000 296,000,000 -198,000,000 -69,000,000    -229,000,000           
      net gains on cash flow hedging derivatives:
    		                                                                    
      net gains arising during the period
    		                                              49,000,000 -59,000,000 6,000,000 4,000,000 -12,000,000 20,000,000 -12,000,000 4,000,000    -22,000,000           
      reclassification adjustment for
    		                                                                    
      total comprehensive income
    		                                                                    
      balance, december 31, 2009
    		                                                                    
      cost of timberlands sold
    		                                                                    
      amortization of pension and post-retirement prior service costs and net income:
    		                                                                    
      net gains/losses on cash flow hedging derivatives:
    		                                                                    
      less: reclassification adjustment for
    		                                               6,000,000 -2,000,000 -3,000,000 22,000,000 -16,000,000 -3,000,000 -3,000,000               
      balance, september 30
    		                                                                    
      balance, june 30
    		                                                                    
      balance, march 31
    		                                                 7,320,000,000    5,819,000,000    4,144,000,000           
      payments related to a restructuring and legal reserve
    		                                                                    
      gain on sale of forestlands
    		                                                                    
      impairments of goodwill
    		                                                                    
      balance, january 1, 2008
    		                                                                    
      retirement of treasury stock
    		                                                                    
      balance, december 31, 2008
    		                                                                    
      plus: reclassification adjustment for
    		                                                                    
      payments related to restructuring and legal reserves
    		                                                   0 0 -2,000,000 -3,000,000 -11,000,000 -9,000,000 -15,000,000 -16,000,000 -29,000,000 -20,000,000 -22,000,000 -18,000,000 -22,000,000 -16,000,000 -22,000,000 -14,000,000 -26,000,000 
      alternative fuel mixture credits receivable
    		                                                   0 0 0  -62,000,000 206,000,000 -395,000,000           
      equity losses
    		                                                     2,000,000               
      amortization of pension and post- retirement prior service costs and net income:
    		                                                                    
      net earnings attributable to noncontrolling interests
    		                                                      4,000,000              
      net incomees (gains) on sales and impairments of businesses
    		                                                          0          
      continuing operations
    		                                                                    
      businesses sold or held for sale
    		                                                                    
      cash from financing activities – continuing operations
    		                                                                    
      balance, january 1, 2007
    		                                                                    
      repurchase of noncontrolling interests
    		                                                                    
      pension and postretirement divestitures, amortization of prior service costs and net income:
    		                                                                    
      net gain arising during the period
    		                                                                    
      less: reclassification adjustment for gains included in net earnings
    		                                                                    
      adoption of fin 48
    		                                                                    
      balance, december 31, 2007
    		                                                          0 0 0 493,556,000,000       
      net incomees on cash flow hedging derivatives:
    		                                                                    
      net incomees arising during the period
    		                                                                    
      net incomees on sales and impairments of businesses
    		                                                                    
      equity loss (earnings)
    		                                                       0 32,000,000 27,000,000           
      •
    		                                                                    
      net gains on sales and impairments of businesses
    		                                                            0 -1,000,000       
      net incomees/gains on cash flow hedging derivatives:
    		                                                                    
      less: reclassification adjustment for losses (gains) included in net income
    		                                                         17,000,000           
      discontinued operations, net of taxes and minority interest
    		                                                          -5,000,000 0 1,000,000 17,000,000 11,000,000 3,000,000 10,000,000 23,000,000 271,000,000 1,304,000,000 
      insurance recoveries
    		                                                                  0 -19,000,000 
      reversals of reserves no longer required
    		                                                                    
      voluntary pension plan contribution
    		                                                                    
      proceeds from sale of forestlands
    		                                                                    
      cash deposit for asset exchange
    		                                                                    
      issuance of debt in connection with timber note monetization
    		                                                                    
      cash from financing activities – discontinued operations
    		                                                                    
      effect of exchange rate changes on cash – continuing operations
    		                                                                    
      effect of exchange rate changes on cash – discontinued operations
    		                                                                    
      in millions, except shares in thousands and per share amounts
    		                                                                    
      balance, january 1, 2006
    		                                                                    
      minimum pension liability adjustment:
    		                                                                    
      adoption of sfas no. 158
    		                                                                    
      balance, december 31, 2006
    		                                                             493,340,000,000 0 0 0 493,340,000,000   
      pension and postretirement liability adjustments: u.s. plans
    		                                                                    
      deferred income tax (benefit) expense
    		                                                           62,000,000 17,000,000 -130,000,000       
      gains on sales of forestlands
    		                                                                    
      less: reclassification adjustment for gains included in net income
    		                                                                    
      balance, september 30, 2008
    		                                                                    
      balance, june 30, 2008
    		                                                                    
      cash from operations - continuing operations
    		                                                             434,000,000  719,000,000 392,000,000 296,000,000  251,000,000 
      cash from operations - discontinued operations
    		                                                               -3,000,000 -9,000,000 -44,000,000  -5,000,000 
      proceeds from divestititures
    		                                                             14,000,000       
      cash dividends - common stock
    		                                                                    
      amortization of pension and post retirement prior service costs and net income:
    		                                                                    
      balance, march 31, 2008
    		                                                             493,556,000,000       
      three months ended march 31, 2007
    		                                                                    
      amortization of pension and post-retirement prior service costs and net income
    		                                                                    
      balance, march 31, 2007
    		                                                             493,342,000,000    493,342,000,000   
      tax benefit – non-cash settlement of tax audits
    		                                                                    
      impairment of goodwill
    		                                                                    
      businesses sold and held for sale
    		                                                                    
      repurchase of common stock
    		                                                                    
      balance, january 1, 2005
    		                                                                    
      balance, december 31, 2005
    		                                                              0    0 490,501,000,000 
      deferred income tax expense
    		                                                               30,000,000     
      gain on sales of forestlands
    		                                                                    
      repurchases of common stock
    		                                                               -51,000,000 -675,000,000 -398,000,000   
      cash from financing activities - continuing operations
    		                                                               -159,000,000 -862,000,000 -827,000,000  -891,000,000 
      cash from financing activities - discontinued operations
    		                                                                    
      effect of exchange rate changes on cash - continuing operations
    		                                                                  15,000,000 12,000,000 
      effect of exchange rate changes on cash - discontinued operations
    		                                                                  0  
      pension and post retirement divestitures, amortization of prior service costs and net income
    		                                                                    
      balance, september 30, 2007
    		                                                                    
      nine months ended september 30, 2006
    		                                                                    
      net income
    		                                                                    
      net income arising during the period
    		                                                                    
      total comprehensive loss
    		                                                                    
      balance, september 30, 2006
    		                                                                    
      balance, june 30, 2007
    		                                                                    
      repurchases of stock
    		                                                                    
      amortization of pension and post retirement prior service costs and net income
    		                                                                    
      proceeds on maine timberlands transaction
    		                                                                    
      net incomees on sales and impairments of businesses held for sale
    		                                                                  248,000,000 3,000,000 
      net proceeds from divestitures
    		                                                                    
      net proceeds from sales of forestlands
    		                                                                    
      monetization of timber notes
    		                                                                    
      less - cash, end of year – discontinued operations
    		                                                                    
      cash, end of year – continuing operations
    		                                                                    
      balance, january 1, 2004
    		                                                                    
      balance, december 31, 2004
    		                                                                    
      effect of adoption of sfas no. 158
    		                                                                    
      net earnings from continuing operations
    		                                                                    
      tax benefit - non-cash settlement of irs audits
    		                                                                    
      reversal of reserves no longer required
    		                                                                    
      less - cash, end of period - discontinued operations
    		                                                                    
      cash, end of period - continuing operations
    		                                                                   709,000,000 
      balance, march 31, 2006
    		                                                                   492,717,000,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.