International Paper 2014 Annual Report Download - page 54

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18
taxes) for an environmental reserve related to the
Company’s property in Cass Lake, Minnesota, and
a pre-tax gain of $25 million ($15 million after taxes)
related to the partial redemption of the Company’s
interests in Arizona Chemical.
(o) Includes the operating results of the Company's
xpedx business.
(p) Includes tax expense of $14 million and $32 million
for tax adjustments related to incentive
compensation and Medicare Part D deferred tax
write-offs, respectively, and a $40 million tax benefit
related to cellulosic bio-fuel tax credits.