Fiscal period | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
Period End Date | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 |
Sales | 18,619.00 | 18,916.00 | 21,161.00 | 19,363.00 | 20,580.00 | 22,376.00 | 23,306.00 | 21,743.00 | 21,079.00 | 22,365.00 |
Total Revenues | 18,619.00 | 18,916.00 | 21,161.00 | 19,363.00 | 20,580.00 | 22,376.00 | 23,306.00 | 21,743.00 | 21,079.00 | 22,365.00 |
Cost of Products Sold | 13,376.00 | 13,629.00 | 15,143.00 | 13,832.00 | 14,373.00 | 15,268.00 | 15,555.00 | 15,300.00 | 15,152.00 | 15,468.00 |
Gross Profit | -- | -- | 6,018.00 | 5,531.00 | 6,207.00 | -- | 7,751.00 | 6,443.00 | 5,927.00 | 6,897.00 |
Depreciation, amortization and cost of timber harvested | 1,305.00 | 1,432.00 | 1,040.00 | 1,097.00 | 1,287.00 | 1,306.00 | 1,328.00 | 1,343.00 | 1,227.00 | 1,294.00 |
Selling and administrative expenses | 1,840.00 | 1,360.00 | 1,293.00 | 1,385.00 | 1,520.00 | 1,647.00 | 1,723.00 | 1,653.00 | 1,575.00 | 1,645.00 |
Distribution expenses | 1,475.00 | 1,575.00 | 1,783.00 | 1,444.00 | 1,551.00 | 1,560.00 | 1,567.00 | 1,434.00 | 1,361.00 | 1,406.00 |
Merger integration costs | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Interest expense, net | 208.00 | 231.00 | 325.00 | 337.00 | 444.00 | 491.00 | 536.00 | 572.00 | 520.00 | 555.00 |
Restructuring and other charges | 221.00 | 99.00 | 89.00 | 509.00 | 195.00 | 57.00 | 29.00 | 67.00 | 54.00 | 252.00 |
Net bargain purchase gain on acquisition of business | -- | -- | -- | -- | -- | -- | -- | 6.00 | -- | -- |
Impairments of goodwill | -- | -- | -- | -- | -- | -- | -- | -- | -- | 137.00 |
Litigation settlement | -- | -- | -- | -- | -- | -- | -- | 354.00 | -- | -- |
Gain on sale of mineral rights | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Gain on sale of forestlands | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net (gains) losses on sales of fixed assets | 58.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net (gains) losses on sales of equity method investments | -- | -- | (10.00) | 204.00 | 35.00 | -- | -- | -- | -- | -- |
Reversals of reserves no longer required, net | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Taxes other than payroll and income taxes | (147.00) | (154.00) | (148.00) | (139.00) | (171.00) | (170.00) | (171.00) | (169.00) | (164.00) | (168.00) |
Insurance recoveries | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net losses on sales and impairments of businesses held for sale | -- | -- | (76.00) | 7.00 | (465.00) | (205.00) | (122.00) | (9.00) | (70.00) | (174.00) |
Non-operating pension expense | 42.00 | (54.00) | 192.00 | 200.00 | 41.00 | (36.00) | (494.00) | -- | -- | -- |
Antitrust fines | -- | -- | -- | -- | -- | (32.00) | -- | -- | -- | -- |
Net (gains) losses on mark to market investments | -- | -- | 65.00 | (32.00) | -- | -- | -- | -- | -- | -- |
Earnings from continuing operations before income taxes and minority interest | 147.00 | 382.00 | 1,511.00 | 999.00 | 650.00 | 1,604.00 | 1,781.00 | 848.00 | 956.00 | 1,266.00 |
Pre-Tax Income - U.S | (140.00) | -- | -- | -- | -- | -- | 1,450.00 | 297.00 | 383.00 | 1,147.00 |
Non-U.S | 287.00 | -- | -- | -- | -- | -- | 331.00 | 551.00 | 573.00 | 119.00 |
Income tax provision (benefit) | (415.00) | 59.00 | (236.00) | 188.00 | 245.00 | 634.00 | 445.00 | (1,085.00) | 247.00 | 466.00 |
Current tax provision (benefit) U.S. federal | (4.00) | 157.00 | 454.00 | 413.00 | 124.00 | 271.00 | 227.00 | (73.00) | 35.00 | 62.00 |
Current tax provision (benefit) U.S. state and local | 20.00 | 16.00 | 56.00 | 47.00 | 35.00 | 29.00 | 37.00 | (23.00) | -- | 12.00 |
Current tax provision (benefit) Non-U.S | 42.00 | 42.00 | 27.00 | 37.00 | 77.00 | 122.00 | 165.00 | 112.00 | 76.00 | 111.00 |
Deferred tax provision (benefit) U.S. federal | (367.00) | (164.00) | (775.00) | (274.00) | (6.00) | 44.00 | 12.00 | (1,150.00) | 138.00 | 321.00 |
Deferred tax provision (benefit) U.S. state and local | (98.00) | 3.00 | (39.00) | (27.00) | 1.00 | (23.00) | 50.00 | 9.00 | 23.00 | 30.00 |
Deferred tax provision (benefit) Non-U.S | (8.00) | 5.00 | 41.00 | (8.00) | 14.00 | 191.00 | (46.00) | 40.00 | (25.00) | (70.00) |
Minority interest expense, net of taxes | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Equity earnings, net of taxes | (5.00) | (21.00) | (6.00) | 313.00 | 77.00 | 250.00 | 336.00 | 177.00 | 198.00 | 117.00 |
Income (loss) from Continuing Operations | 557.00 | 302.00 | 1,741.00 | 1,124.00 | 482.00 | 1,220.00 | 1,672.00 | 2,110.00 | 907.00 | 917.00 |
Discontinued operations, net of taxes and minority interest | -- | (14.00) | (237.00) | 630.00 | -- | -- | 345.00 | 34.00 | (5.00) | 0.00 |
Earnings Before the Cumulative Effect of Accounting Changes | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Extraordinary item - Net losses on sales and impairments of businesses held for | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Cumulative effect of accounting changes, net of taxes:Asset retirement obligation | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Cumulative effect of accounting changes, net of taxes:Variable interest entities | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Transitional goodwill impairment charge | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Cumulative effect of change in accounting for derivatives and hedging activities | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net earnings (loss) | 557.00 | 288.00 | 1,504.00 | 1,754.00 | 482.00 | 1,220.00 | 2,017.00 | 2,144.00 | 902.00 | 917.00 |
Less: Net earnings attributable to noncontrolling interests | -- | -- | -- | 2.00 | -- | (5.00) | 5.00 | -- | (2.00) | (21.00) |
Net Income (Loss) Available to Common Shareholders | 557.00 | 288.00 | 1,504.00 | 1,752.00 | 482.00 | 1,225.00 | 2,012.00 | 2,144.00 | 904.00 | 938.00 |
Earnings from continuing operations (BASIC) | 1.60 | 0.87 | 4.79 | 2.88 | 1.23 | 3.10 | 4.07 | 5.11 | 2.21 | 2.25 |
EPS (Basic) : Disc Ops | -- | (0.04) | (0.65) | 1.62 | -- | -- | 0.84 | 0.08 | (0.01) | -- |
Cumulative effect of accounting change | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Cumulative effect of accounting changes, net of taxes:Asset retirement obligation | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Cumulative effect of accounting changes, net of taxes:Variable interest entities | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Transitional goodwill impairment charge | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
EPS (Basic) : Extraordinary items | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Basic:Net earnings (loss) | 1.60 | 0.83 | 4.14 | 4.50 | 1.23 | 3.10 | 4.91 | 5.19 | 2.20 | 2.25 |
Earnings from continuing operations (DILUTED) | 1.57 | 0.86 | 4.74 | 2.86 | 1.22 | 3.07 | 4.02 | 5.05 | 2.19 | 2.23 |
Earnings Per Share (Diluted) - Disc Ops | -- | (0.04) | (0.64) | 1.61 | -- | -- | 0.83 | 0.08 | (0.01) | -- |
Cumulative effect of accounting change | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Cumulative effect of accounting changes, net of taxes:Asset retirement obligation | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Cumulative effect of accounting changes, net of taxes:Variable interest entities | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Transitional goodwill impairment charge | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
EPS (Diluted) : Extraordinary items | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Diluted:Net earnings (loss) | 1.57 | 0.82 | 4.10 | 4.47 | 1.22 | 3.07 | 4.85 | 5.13 | 2.18 | 2.23 |
Average common shares outstanding | 347.20 | 346.90 | 363.50 | 389.40 | 393.00 | 395.30 | 409.10 | 412.70 | 411.10 | 417.40 |
Average common shares outstanding - assuming dilution | 354.20 | 349.10 | 367.00 | 392.40 | 395.70 | 398.80 | 414.20 | 417.70 | 415.60 | 420.60 |