International Paper 2015 Annual Report Download - page 33

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16
(h) Includes the after-tax operating earnings of the
xpedx business for the full year and the Temple-
Inland Building Products business through the date
of sale in July 2013. Also includes the following
after-tax charges (gains):
In millions 2013
xpedx spinoff $ 14
xpedx goodwill impairment 366
Building Products divestiture 19
xpedx restructuring 19
Total $ 418
(i) Includes the following tax expenses (benefits):
In millions 2013
Settlement of U.S. federal tax audits $ (744)
Income tax reserve release (31)
Other items 1
Total $(774)
2012:
(j) Includes the following pre-tax charges (gains):
In millions 2012
Temple-Inland integration $ 164
Early debt extinguishment costs 48
EMEA packaging business restructuring 17
Temple-Inland inventory fair value adjustment 20
Hueneme mill long-lived asset fair value
adjustment 62
Containerboard mill divestitures 29
Total $ 340
(k) Includes the after-tax operating earnings of the
xpedx business and the Temple-Inland Building
Products business for the full year. Also includes
the following after-tax charges (gains):
In millions 2012
Building Products divestiture $ 9
xpedx restructuring 28
Total $37
(l) Includes the following tax expenses (benefits):
In millions 2012
Internal restructuring $ 14
Deferred tax asset adjustment related to
Medicare Part D reimbursement 5
Total $19
2011:
(m) Includes the following pre-tax charges (gains):
In millions 2011
Temple-Inland acquisition costs $ 20
Early debt extinguishment costs 32
APPM acquisition costs 18
Reversal of environmental and other reserves
related to repurposing at Franklin mill (24)
Cass Lake environmental reserve 27
North American Shorewood business fixed
asset impairment 129
Shorewood business impairment 78
Inverurie, Scotland mill asset impairment 11
Total $291
(n) Includes the following after-tax charges (gains):
In millions 2011
Gain for earnout provision - sale of Kraft
Papers business $ (30)
Tax benefit - Brazilian Coated Papers business
sale (15)
Interest income on tax benefit - Brazilian
Coated Papers business sale (4)
xpedx restructuring 34
Total $(15)
(o) Includes the following tax expenses (benefits):
In millions 2011
Internal restructuring $ 24
Tax benefit related to reduction of the carrying
value of the Shorewood business and write-off
of the associated deferred tax liability (222)
Tax expense for APPM acquisitions costs 9
Release of deferred tax asset valuation
allowance 13
Other items 2
Total $(174)