International Paper 2012 Annual Report Download - page 45

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charges associated with the Company’s 2006
Transformation Plan. Also included are a charge
of $1.8 billion, before and after taxes, for the
impairment of goodwill in the Company’s U.S.
Printing Papers and U.S. and European Coated
Paperboard businesses, a pre-tax charge of $107
million ($84 million after taxes) to write down
the assets of the Inverurie, Scotland mill to
estimated fair value, a pre-tax gain of $6 million
($4 million after taxes) for adjustments to esti-
mated transaction costs accrued in connection
with the 2006 Transformation Plan forestland
sales, a $39 million charge before taxes ($24
million after taxes) relating to the write-up of
inventory to fair value in connection with the
CBPR acquisition, and a $45 million charge
before taxes ($28 million after taxes) for
integration costs associated with the CBPR
acquisition.
(m) Includes a pre-tax charge of $25 million ($16
million after taxes) for the settlement of a post-
closing adjustment on the sale of the Beverage
Packaging business, pre-tax gains of $9 million
($5 million after taxes) for adjustments to
reserves associated with the sale of dis-
continued businesses, and the operating results
of certain wood products facilities.
(n) Includes a $40 million tax benefit related to the
restructuring of the Company’s international
operations.
18