International Paper Company (NYSE:IP) Files An 8-K Other EventsItem 8.01.Other Events
International Paper Company (the "Company") is filing this Current Report on Form 8-K (this "8-K") to retrospectively adjust portions of the Company's Annual Report on Form 10-K for the year ended December 31, 2016, filed on February 22, 2017 (the "2016 10-K"), to reflect the adoption of the required guidance in ASU 2015-17, "Income Taxes (Topic 740): Balance Classification of Deferred Taxes." In addition, as a result of an internal reorganization in the 2017 first quarter, the net sales and operating profits for the Asian Distribution operations are included in the results of the businesses that manufacture the products, and as such, prior year amounts have been reclassified to conform with the presentation in 2017.
The following Items of the 2016 Form 10-K are being adjusted retrospectively to reflect application of the changes in reporting described above (which Items as adjusted are attached as exhibits hereto and are hereby incorporated by reference herein):
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Part II, Item 6. Selected Financial Data; |
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Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations; |
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Part II, Item 8. Financial Statements and Supplementary Data; |
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Part IV, Item 15. Exhibits and Financial Statement Schedules- |
◦Exhibit 101.LAB – XBRL Taxonomy Extension Label Linkbase; and
◦Exhibit 101.PRE – XBRL Extension Presentation Linkbase.
No Items of the 2016 Form 10-K other than those identified above are being revised by this filing. Information in the 2016 Form 10-K is generally stated as of December 31, 2016 and this filing does not reflect any subsequent information or events other than the adoption of the change in reporting described above. Without limitation of the foregoing, this filing does not purport to update the Management's Discussion and Analysis of Financial Condition and Results of Operations contained in the 2016 Form 10-K with respect to any risks, uncertainties, contingencies, events or trends occurring, or known to management. More current information is contained in the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2017 and other filings with the Securities and Exchange Commission. This report should be read in conjunction with the 2016 Form 10-K and such Quarterly Report on Form 10-Q and other filings. These other filings may contain important information regarding risks, uncertainties, contingencies, events, trends and updates to certain expectations of the Company that have been reported since the filing of the 2016 Form 10-K.
SECTION 9.FINANCIAL STATEMENTS AND EXHIBITS.
Item 9.01.Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are being filed as part of this Report.
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Exhibit Number |
Description |
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23.1 |
Consent of Independent Registered Public Accounting Firm |
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99.1 |
Form 10-K, Part II, Item 6. Selected Financial Data |
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99.2 |
Form 10-K, Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations |
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99.3 |
Form 10-K, Part II, Item 8. Financial Statements and Supplementary Data |
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99.4 |
Form 10-K, Part IV, Item 15 (Exhibits and Financial Statement Schedules) – Schedule II – Valuation and Qualifying Accounts (included in Exhibit 99.3). |
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101.INS |
Form 10-K, Part IV, Item 15 (Exhibits and Financial Statement Schedules) – Exhibit 101.INS – XBRL Instance Document. |
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101.SCH |
Form 10-K, Part IV, Item 15 (Exhibits and Financial Statement Schedules) – Exhibit 101.SCH – XBRL Taxonomy Extension Schema. |
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101.CAL |
Form 10-K, Part IV, Item 15 (Exhibits and Financial Statement Schedules) – Exhibit 101.CAL – XBRL Taxonomy Extension Calculation Linkbase. |
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101.DEF |
Form 10-K, Part IV, Item 15 (Exhibits and Financial Statement Schedules) – Exhibit 101.DEF – XBRL Taxonomy Extension Definition Linkbase. |
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101.LAB |
Form 10-K, Part IV, Item 15 (Exhibits and Financial Statement Schedules) – Exhibit 101.LAB – XBRL Taxonomy Extension Label Linkbase. |
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101.PRE |
Form 10-K, Part IV, Item 15 (Exhibits and Financial Statement Schedules) – Exhibit 101.PRE – XBRL Extension Presentation Linkbase. |
INTERNATIONAL PAPER CO /NEW/ ExhibitEX-23.1 2 ip8-kexhibit231consenttous.htm EXHIBIT 23.1 Exhibit EXHIBIT 23.1CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRMWe consent to the incorporation by reference in Registration Statement No. 333-202334 on Form S-3 and Registration Statements No. 333-01667,…To view the full exhibit click here
About International Paper Company (NYSE:IP)
International Paper Company (International Paper) is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company operates in three segments: Industrial Packaging, Printing Papers and Consumer Packaging. It is a manufacturer of containerboard in the United States. Its products include whitetop, recycled linerboard and saturating kraft. It is the producer of printing and writing papers. The products in Printing Papers segment include uncoated papers and pulp. Its uncoated papers engage in the business of producing papers for use in copiers, desktop and laser printers and digital imaging. Its uncoated papers are sold under private label and International Paper brand names that include Hammermill, Springhill, Ballet, Pol and Svetocopy. Its Everest, Fortress, and Starcote brands are used in packaging applications for everyday products, such as food and tobacco products.