INCOME TAXES |
9 Months Ended |
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Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | INCOME TAXES International Paper received net income tax refunds of $149 million and made income tax payments, net of refunds, of $134 million for the nine months ended September 30, 2026 and 2025, respectively. The effective tax rate for the nine months ended September 30, 2026 differs from the statutory rate primarily due to the discrete tax impact of adjustments from settlement of IRS audits and a non-deductible goodwill impairment charge recorded during the third quarter. Additionally, the Company's effective tax rate is impacted by the mix of earnings between foreign and domestic jurisdictions. During the first quarter of 2026, the Company received a $281 million refund from the Internal Revenue Service consisting of $270 million of tax and $11 million of interest. This refund was related to the capital loss carryback claim filed in the fourth quarter of 2025.
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