International Paper 2015 Annual Report Download - page 62

Download and view the complete annual report

Please find page 62 of the 2015 International Paper annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 117

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117

45
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
In millions for the years ended December 31 2015 2014 2013
NET EARNINGS (LOSS) $ 917 $536 $1,378
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX
Amortization of pension and postretirement prior service costs and net loss:
U.S. plans (less tax of $186, $154 and $195) 296 242 307
Pension and postretirement liability adjustments:
U.S. plans (less tax of $206, $798 and $756) (329)(1,253)1,188
Non-U.S. plans (less tax of $0, $5 and $3) (2) (18)(4)
Change in cumulative foreign currency translation adjustment (1,042) (876)(426)
Net gains/losses on cash flow hedging derivatives:
Net gains (losses) arising during the period (less tax of $3, $3 and $2) (3) 10 —
Reclassification adjustment for (gains) losses included in net earnings (less tax of $8, $1 and $3) 12 (4) (7)
TOTAL OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX (1,068) (1,899)1,058
Comprehensive Income (Loss) (151)(1,363)2,436
Net (Earnings) Loss Attributable to Noncontrolling Interests 21 19 17
Other Comprehensive (Income) Loss Attributable to Noncontrolling Interests 612 23
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY $ (124)$(1,332)$ 2,476
The accompanying notes are an integral part of these financial statements.