Item 40. 1(d)(5) of Regulation S-K. Further information concerning the composition of the Audit and Finance

Committee is hereby incorporated by reference to the Proxy Statement. Information with respect to our executive

officers is set forth in Part I, Item 1 of this Form 10-K under the caption, “Information About Our Executive Officers.”

Executive officers of International Paper are elected to hold office until the next annual meeting of the Board of

Directors following the annual meeting of shareholders and, until the election of successors, subject to removal by

the Board.

The Company’s Code of Conduct (the "Code") is applicable to all employees of the Company, including the CEO

and senior financial officers, as well as the Board of Directors. We disclose any amendments to our Code and any

waivers from a provision of our Code granted to our directors, CEO and senior financial officers on our website

within four business days following such amendment or waiver. To date, no waivers of the Code have been granted.

We have adopted an Insider Trading Policy applicable to our directors, officers, and employees, and have

implemented processes for the Company, that we believe are reasonably designed to promote compliance with

insider trading laws, rules, and regulations, the UK Market Abuse Regulation, and the NYSE listing standards.

Our Insider Trading Policy prohibits our employees and related persons and entities from trading in securities of

International Paper and other companies while in possession of material, non-public information. Our Insider

Trading Policy also prohibits our employees from disclosing material, non-public information regarding International

Paper, or any other publicly traded company, to others who may trade on the basis of that information. In addition,

with regard to the Company’s trading in its own securities, it is the Company’s policy to comply with the federal

securities laws and the applicable exchange listing requirements. A copy of our Insider Trading Policy is filed as

Exhibit 19 to this Form 10-K.

We make our Corporate Governance Guidelines, our Code, our Insider Trading Policy, our Compensation Clawback

Policy, and the Charters of our Audit and Finance Committee, MDCC, Governance Committee and PPE Committee

available free of charge on our website (www.internationalpaper.com), and in print to any shareholder who requests

them. Our Corporate Governance Statement as required under the FCA's Disclosure Guidance and Transparency

Rule ("DTR") 7.2.2 is available on the Governance page of the Investors tab of our website at

www.internationalpaper.com under Governance Documents. In addition, requests for printed copies may be directed

to:

International Paper Company

Attn: Mr. Joseph R. Saab, Corporate Secretary

6400 Poplar Avenue

Memphis, TN 38197

Information with respect to compliance with Section 16(a) of the Exchange Act and our corporate governance is

hereby incorporated by reference to our Proxy Statement.

ITEM 11. EXECUTIVE COMPENSATION

Information with respect to the compensation of executives and directors of the Company is hereby incorporated by

reference to our definitive proxy statement that will be filed with the SEC within 120 days of the close of our fiscal

year.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED****

STOCKHOLDER MATTERS

A description of the security ownership of certain beneficial owners and management and equity compensation plan

information is hereby incorporated by reference to our definitive proxy statement that will be filed with the SEC

within 120 days of the close of our fiscal year.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

A description of applicable information with respect to certain relationships and related transactions and director

independence matters, is hereby incorporated by reference to our definitive proxy statement that will be filed with

the SEC within 120 days of the close of our fiscal year.

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

Information with respect to fees paid to, and services rendered by, our independent registered public accounting

firm, and our policies and procedures for pre-approving those services, is hereby incorporated by reference to our

definitive proxy statement that will be filed with the SEC within 120 days of the close of our fiscal year.

PART IV.

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

(1)Financial Statements – See Item 8. Financial Statements and Supplementary Data.

(2)Financial Statement Schedules – The following additional financial data should be read in conjunction with the

consolidated financial statements in Item 8. Financial Statements and Supplementary Data. Schedules not

included with this additional financial data have been omitted because they are not applicable, or the required

information is shown in the consolidated financial statements or the notes thereto.

Additional Financial Data

2025**,** 2024 and 2023

2	Plan of acquisition, reorganization, arrangement, liquidation or succession
(2.1)	Transaction Agreement, dated October 23, 2017, by and among the Company, Graphic Packaging Holding Company, Gazelle Newco LLC and Graphic Packaging International, Inc. (incorporated by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K dated October 24, 2017).
(2.2)	Separation and Distribution Agreement, dated as of September 29, 2021, by and between International Paper Company and Sylvamo Corporation (incorporated by reference to Exhibit 2.1 to the Company’s’ Current Report on Form 8-K dated October 1, 2021).
(2.3)	Rule 2.7 Announcement dated April 16, 2024 (incorporated by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K dated April 16, 2024).
(2.4)	Co-operation Agreement between International Paper Company and DS Smith, Plc (incorporated by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K dated April 16, 2024).

3	Articles of Incorporation and Bylaws
(3.1)	Restated Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K dated May 13, 2013).
(3.2)	By-laws of the Company, as amended through May 9, 2023 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K dated May 9, 2023).

4	Instruments defining the rights of securities holders, including indentures
(4.1)	Indenture, dated as of April 12, 1999, between the Company and The Bank of New York, as Trustee (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K dated June 16, 2000).
(4.2)	Supplemental Indenture (including the form of Notes), dated as of June 4, 2008, between the Company and The Bank of New York, as Trustee (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K dated June 4, 2008).
(4.3)	Supplemental Indenture (including the form of Notes), dated as of December 7, 2009, between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K dated December 7, 2009).
(4.4)	Supplemental Indenture (including the form of Notes), dated as of November 16, 2011, between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K dated November 16, 2011).
(4.5)	Supplemental Indenture (including the form of Notes), dated as of June 10, 2014, between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K dated June 10, 2014).
(4.6)	Supplemental Indenture (including the form of Notes), dated as of May 26, 2015, between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K dated May 26, 2015).
(4.7)	Supplemental Indenture (including the form of Notes), dated as of August 11, 2016, between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K dated August 11, 2016).
(4.8)	Supplemental Indenture (including the form of Notes), dated as of August 9, 2017, between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K dated August 9, 2017.
(4.10)	In accordance with Item 601 (b)(4)(iii)(A) of Regulation S-K, certain instruments respecting long-term debt of the Company have been omitted but will be furnished to the SEC upon request.
(4.11)	Description of Securities*.

10	Material contracts
(10.1)	Amended and Restated 2009 Incentive Compensation Plan ("ICP") (corrected version of a previously filed exhibit) (incorporated by reference to Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2019). +
(10.1.i)*	2024 Long-Term Incentive Compensation Plan (amended as of December 8, 2025 to reflect revised retirement age). +
(10.2)*	International Paper Company Restricted Stock and Deferred Compensation Plan for Non-Employee Directors, Amended and Restated as of February 10, 2026. +
(10.2.i)*	Form of Notice of Award under the International Paper Company Restricted Stock and Deferred Compensation Plan for Non-Employee Directors – Restricted Stock Units (cash settled). +
(10.2.ii)*	Form of Notice of Award under the International Paper Company Restricted Stock and Deferred Compensation Plan for Non-Employee Directors – Restricted Stock (stock settled). +
(10.3.)	Form of Notice of Award under the Recognition Plan Restricted Stock Unit Award Agreement (stock settled) (incorporated by reference to Exhibit 10.4 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024). +
(10.3.i)	Form of Notice of Award under the Recognition Plan Restricted Stock Unit Award Agreement (cash settled) (incorporated by reference to Exhibit 10.5 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023). +
(10.3.ii)*	Form of Notice of Award under the Recognition Plan Restricted Stock Unit Award Agreement (stock settled) providing for pro-rata treatment of awards in the event of a divestiture. +
(10.3.iii)*	Form of Notice of Award under the Recognition Plan Restricted Stock Unit Award Agreement (cash settled) providing for pro-rata treatment of awards in the event of divestiture. +
(10.4)	Form of Performance Share Plan award certificate (incorporated by reference to Exhibit 10.6 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2017). +
(10.4.i)	Form of Notice of Award under the Long-Term Incentive Plan Performance Stock Unit Award Agreement (cash settled) (incorporated by reference to Exhibit 10.6.1 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023). +
(10.4.i(a))	Form of Notice of Award under the Long-Term Incentive Plan Performance Stock Unit Award Agreement (cash settled, 100% total shareholder return performance metrics) (incorporated by reference to Exhibit 10.6.1(a) to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024. +
(10.4.ii)	Form of Notice of Award under the Long-Term Incentive Plan Performance Stock Unit Award Agreement (stock settled) (incorporated by reference to Exhibit 10.6.2 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023). +
(10.4.ii(a))	Form of Notice of Award under the Long-Term Incentive Plan Performance Stock Unit Award Agreement (stock settled, 100% total shareholder return performance metrics) (incorporated by reference to Exhibit 10.6.2(a) of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024). +
(10.5)	Form of Notice of Award under the Long-Term Incentive Plan Restricted Stock Unit Award Agreement (cash settled) (incorporated by reference to Exhibit 10.6.3 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023). +
(10.5.i)	Form of Notice of Award under the Long-Term Incentive Plan Restricted Stock Unit Award Agreement (stock settled) (incorporated by reference to Exhibit 10.6.4 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023). +
(10.6)	Notice of Award under the Recognition Award Plan Restricted Stock Units (stock settled) between International Paper Company and W. Thomas Hamic, providing for accelerated vesting, accepted June 26, 2024 (incorporated by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024).+
(10.7)	Employment Offer Letter dated March 14, 2024, between International Paper Company and Andrew K. Silvernail (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K dated March 19, 2024). +

(10.7.i)	Addendum to Terms and Conditions of Offer of Employment Agreement dated October 30, 2024, by and between Andrew K. Silvernail and International Paper Company (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2024). +
(10.7.ii)	Notice of Award under the 2024 Long-Term Incentive Plan Performance Stock Unit Inducement Award (stock settled) between International Paper Company and Andrew K. Silvernail, accepted May 7, 2024 (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024). +
(10.7.iii)	Form of Notice of Award under the Long-Term Incentive Plan Performance Stock Units (stock settled) between International Paper Company and Andrew K. Silvernail providing for retirement eligibility at 60 years of age regardless of service (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024). +
(10.7.iv)	Form of Notice of Award under the Long-Term Incentive Plan Performance Stock Units (stock settled) between International Paper Company and Andrew K. Silvernail providing for retirement eligibility at 60 years of age regardless of service and 100% total shareholder return performance metrics. * +
(10.7.v)	Time Sharing Agreement dated May 14, 2024 (and effective May 1, 2024) by and between Andrew K Silvernail and International Paper Company (incorporated by reference to Exhibit 10.5 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024). +
(10.7.v(a))	Notice of Termination of Time Sharing Agreement for Andrew K. Silvernail dated May 13, 2025 (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025). +
(10.7.v(b))	Time Sharing Agreement dated June 13, 2025 by and between Andrew K. Silvernail and International Paper Company reflecting use of leased aircraft (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025). +
(10.7.v(c))	Change-in-Control Agreement dated May 6, 2024, by and between Andrew K. Silvernail and International Paper Company providing for retirement eligibility at 60 years of age regardless of service and cash severance payment equal to 2.99 times the sum of base salary plus target bonus (incorporated by reference to Exhibit 10.6 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024). +
(10.8)	Employment Offer Letter dated February 26, 2025, between International Paper Company and Lance T. Loeffler (incorporated by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025). +
(10.8.i)	Notice of Award under the 2025 Long-Term Incentive Plan Restricted Stock Unit Inducement Award (stock settled) between International Paper Company and Lance T. Loeffler, accepted April 22, 2025 (incorporated by reference to Exhibit 10.8 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 30, 2025). +
(10.8.ii)	Notice of Top Off Award under the 2025 Long-Term Incentive Plan Performance Stock Units (stock settled) between International Paper Company and Lance T. Loeffler, providing for the target number of PSUs to be determined using the closing stock price of the business day immediately preceding the grant date, accepted August 7, 2025 (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2025). +
(10.9)	International Paper Company Pension Restoration Plan for Salaried Employees effective April 1, 1991 (corrected version of previously filed exhibit) (incorporated by reference to Exhibit 10.7 to the Company’s Quarterly Report on Form 10-Q for the fiscal year ended December 31, 2023). +
(10.9.i)	Amendment Number One to the International Paper Company Pension Restoration Plan for Salaried Employees effective January 1, 2013 (incorporated by reference to Exhibit 10.8 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2019). +
(10.9.ii)	Amendment Number Two to the International Paper Company Pension Restoration Plan for Salaried Employees effective January 1, 2013 (incorporated by reference to Exhibit 10.9 to the Company's Annual Report on Form 10K for the fiscal year ended December 31, 2019). +
(10.9.iii)	Amendment Number Three to the International Paper Company Pension Restoration Plan for Salaried Employees effective January 1, 2015 (incorporated by reference to Exhibit 10.10 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2019). +

(10.9.iv)	Amendment Number Four to the International Paper Company Pension Restoration Plan for Salaried Employees effective July 1, 2014 (incorporated by reference to Exhibit 10.11 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2019). +
(10.9.v)	Amendment Number Five to the International Paper Company Pension Restoration Plan for Salaried Employees effective January 1, 2019 (incorporated by reference to Exhibit 10.12 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2019). +
(10.9.vi)	Amendment Number Six to the International Paper Company Pension Restoration Plan for Salaried Employees effective January 1, 2020 (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2020). +
(10.9.vii)	Amendment Number Seven to the International Paper Company Pension Restoration Plan for Salaried Employees effective September 1, 2021 (incorporated by reference to Exhibit 10.13.1 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023). +
(10.9.viii)	Amendment Number Eight to the International Paper Company Pension Restoration Plan for Salaried Employees effective January 1, 2023 (incorporated by reference to Exhibit 10.13.2 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023).+
(10.9.xi)	Amendment Number Nine to the Pension Restoration Plan for Salaried Employees executed on May 12, 2025 (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K dated May 14, 2025). +
(10.10)	International Paper Company Unfunded Supplemental Retirement Plan for Senior Managers, as amended and restated effective January 1, 2008 (incorporated by reference to Exhibit 10.21 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2007). +
(10.10.i)	Amendment No. 1 to the International Paper Company Unfunded Supplemental Retirement Plan for Senior Managers, effective October 13, 2008 (incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K dated October 17, 2008). +
(10.10.ii)	Amendment No. 2 to the International Paper Company Unfunded Supplemental Retirement Plan for Senior Managers, effective October 14, 2008 (incorporated by reference to Exhibit 10.5 to the Company’s Current Report on Form 8-K dated October 17, 2008). +
(10.10.iii)	Amendment No. 3 to the International Paper Company Unfunded Supplemental Retirement Plan for Senior Managers, effective December 8, 2008 (incorporated by reference to Exhibit 10.20 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2008). +
(10.10.iv)	Amendment No. 4 to the International Paper Company Unfunded Supplemental Retirement Plan for Senior Managers, effective January 1, 2009 (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2009). +
(10.10.v)	Amendment No. 5 to the International Paper Company Unfunded Supplemental Retirement Plan for Senior Managers, effective October 31, 2009 (incorporated by reference to Exhibit 10.17 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2009). +
(10.10.vi)	Amendment No. 6 to the International Paper Company Unfunded Supplemental Retirement Plan for Senior Managers, effective January 1, 2012 (incorporated by reference to Exhibit 10.21 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011). +
(10.10.vii)	Amendment No. 7 to the International Paper Company Unfunded Supplemental Retirement Plan for Senior Managers effective July 12, 2016 (incorporated by reference to Exhibit 10.20 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2019). +
(10.10.viii)	Amendment No. 8 to the International Paper Company Unfunded Supplemental Retirement Plan for Senior Managers effective January 1, 2019 (incorporated by reference to Exhibit 10.21 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2019). +
(10.10.xi)	Amendment No. 9 to the International Paper Company Unfunded Supplemental Retirement Plan for Senior Managers effective November 1, 2019 (incorporated by reference to Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2019. +

(10.11)	Commitment Agreement, dated September 26, 2017, between International Paper Company and The Prudential Insurance Company of America, relating to the Retirement Plan of International Paper Company (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10- Q for the quarter ended September 30, 2017). +
(10.11.i)	Commitment Agreement, dated September 25, 2018, between International Paper Company and The Prudential Insurance Company of America, relating to the Retirement Plan of International Paper Company (corrected version of previously filed exhibit) (incorporated by reference to Exhibit 10.27 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2018). +
(10.12)	Form of Non-Competition Agreement, entered into by certain Company employees (including named executive officers) who have received restricted stock units (incorporated by reference to Exhibit 10.24 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023). +
(10.13)	Form of Non-Solicitation Agreement, entered into by certain Company employees (including named executive officers) who have received restricted stock unit awards (incorporated by reference to Exhibit 10.25 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023). +
(10.14)*	Change-in-Control Agreement dated February 20, 2026, by and between Timothy S. Nicholls and International Paper Company. +
(10.14.i)	Form of Change-in-Control Agreement - Tier I, for the Chief Executive Officer and all "grandfathered" senior vice presidents elected prior to 2012 (all but one named executive officer) - approved September 2013 (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2013). +
(10.14.ii)	Form of Change-in-Control Agreement - Tier II, for all future senior vice presidents and all "grandfathered" vice presidents (one named executive officer) elected prior to February 2008 - approved September 2013 (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2013). +
(10.14.iii)	Form of Change-in-Control Agreement – Tier II, for all current and future senior vice presidents and all “grandfathered” vice presidents elected prior to February 2008 – approved October 14, 2024 (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2024) +
(10.15)	Form of Indemnity Agreement (incorporated by reference to Exhibit 10.13 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2003). +
(10.16)	International Paper Company Executive Severance Plan (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K dated February 11, 2025). +
(10.17)	Amendment No. 20 to the Second Amended and Restated Credit and Security Agreement, dated June 8, 2023, by and among International Paper Company, as servicer, Red Bird Receivables, LLC, as borrower, the lenders and co-agents from time to time party thereto, and Mizuho Bank, Ltd., as Administrative Agent (incorporated by reference to Exhibit 10.34 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023).
(10.18)	Third Amended and Restated Five-Year Credit Agreement, dated as of June 7, 2023, among International Paper Company, JPMorgan Chase Bank, N.A., individually and as administrative agent, Citibank, individually and as syndication agent, and certain lenders (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed June 7, 2023.
(10.19)	Term Loan Agreement dated January 24, 2023, between International Paper Company and CoBank, ACB, as administrative agent (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed January 24, 2023).+
(10.20)	Securities Purchase Agreement for the divestiture of the International Paper Company’s Global Cellulose Fibers business, by and among International Paper Company, International Paper Holdings (Luxembourg) S.A.R.L, English Oak, LLC, Absorbent Fiber Bidco, Inc., Absorbent Fiber Acquisitions Canada Ltd. And Absorbent Fiber Topco, Inc. dated August 20, 2025 (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q filed on November 6, 2025).
(10.21)	Deed of Guarantee dated March 10, 2025, between International Paper Company in respect of the 2026 Notes (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K dated March 11, 2025).

(10.21.i)	Deed of Guarantee dated March 10, 2025, between International Paper Company in respect of the 2027 Notes (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K dated March 11, 2025).
(10.21.ii)	Deed of Guarantee dated March 10, 2025, between International Paper Company in respect of the 2029 Notes (incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K dated March 11, 2025).
(10.21.iii)	Deed of Guarantee dated March 10, 2025, between International Paper Company in respect of the 2030 Notes (incorporated by reference to Exhibit 10.4 to the Company’s Current Report on Form 8-K dated March 11, 2025).
(10.22)	Time Sharing Agreement dated October 17, 2014 (and effective November 1, 2014), by and between Mark S. Sutton and International Paper Company (incorporated by reference to Exhibit 99.1 to the Company’s Current Report on Form 8-K dated October 14, 2014). +
(10.23)	Notice of Award under the Recognition Award Plan Restricted Stock Units (stock settled) between International Paper Company and Clayton R. Ellis, providing for accelerated vesting, accepted February 26, 2024. +
(10.24)	Notice of Award under the Recognition Award Plan Restricted Stock Units (stock settled) between International Paper Company and James P. Royalty, Jr., providing for accelerated vesting, accepted January 10, 2024. +
19	Insider trading policies and procedures
(19)	International Paper Company Insider Trading Policy amended and restated as of January 31, 2025.
21	Subsidiaries of the registrant
(21)*	Subsidiaries and Joint Ventures.
23	Consents of experts and counsel
(23.i)	Consent of Independent Registered Public Accounting Firm. *
24	Power of attorney
(24)	Power of Attorney (contained on the signature page to the Company’s Annual Report on Form 10-K for the year ended December 31, 2014). *
31	Rule 13a-14(a)/15d-14(a) Certifications
(31.1)	Certification by Andrew K. Silvernail, Chairman and Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *
(31.2)	Certification by Lance T. Loeffler, Senior Vice President and Chief Financial Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *
32	Section 1350 Certifications
(32)	Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.**
97	Policy relating to recovery of erroneously awarded compensation
(97)	International Paper Company Clawback Policy.
99	Additional Exhibits

(101.INS)	XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the inline XBRL document. *
(101.SCH)	XBRL Taxonomy Extension Schema *
(101.CAL)	XBRL Taxonomy Extension Calculation Linkbase *
(101.DEF)	XBRL Taxonomy Extension Definition Linkbase *
(101.LAB)	XBRL Taxonomy Extension Label Linkbase *
(101.PRE)	XBRL Extension Presentation Linkbase *
(104)	Cover Page Interactive Data File (formatted as Inline XBRL, and contained in Exhibit 101. *

+ Management contract or compensatory plan or arrangement.

** Filed herewith*

*** Furnished herewith*

† Confidential treatment has been granted for certain information pursuant to Rule 24b-2 under the Securities Act of 1934, as amended.

Item 16. Form 10-K Summary

None.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly

caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

INTERNATIONAL PAPER COMPANY

By:	/S/ JOSEPH R. SAAB		February 27, 2026
	Joseph R. Saab
	Senior Vice President, General Counsel and Corporate Secretary

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and

appoints Lance T. Loeffler, Joseph R. Saab and Amanda M. Jenkins as his or her true and lawful attorney-in-fact

and agent, acting alone, with full power of substitution and resubstitution for him or her and in his or her name, place

and stead, in any and all capacities, to sign any or all amendments to this annual report on Form 10-K, and to file

the same, with all exhibits thereto and other documents in connection therewith, with the U.S. Securities and

Exchange Commission, granting unto said attorney-in-fact full power and authority to do and perform each and

every act and thing requisite or necessary to be done, hereby ratifying and confirming all that said attorney-in-fact

and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this report has been signed

below by the following persons on behalf of the registrant and in the capacities and on the dates indicated:

Signature		Title		Date
/S/ ANDREW K. SILVERNAIL		Chairman of the Board & Chief Executive Officer and Director		February 27, 2026
Andrew K. Silvernail
/S/ JAMIE A. BEGGS		Director		February 27, 2026
Jamie A. Beggs
/S/ CHRISTOPHER M. CONNOR		Director		February 27, 2026
Christopher M. Connor
/S/ AHMET C. DORDUNCU		Director		February 27, 2026
Ahmet C. Dorduncu
/S/ ANDERS GUSTAFSSON		Director		February 27, 2026
Anders Gustafsson
/S/ JACQUELINE C. HINMAN		Director		February 27, 2026
Jacqueline C. Hinman

/s/ CLINTON A. LEWIS, JR.		Director		February 27, 2026
Clinton A. Lewis, Jr.
/S/ DAVID A. ROBBIE		Director		February 27, 2026
David A. Robbie
/s/ KATHRYN D. SULLIVAN		Director		February 27, 2026
Kathryn D. Sullivan
/s/ SCOTT A. TOZIER		Director		February 27, 2026
Scott A. Tozier
/s/ ANTON V. VINCENT		Director		February 27, 2026
Anton V. Vincent
/S/ LANCE T. LOEFFLER		Senior Vice President and Chief Financial Officer		February 27, 2026
Lance T. Loeffler
/S/ HOLLY G. GOUGHNOUR		Vice President and Chief Accounting Officer		February 27, 2026
Holly G. Goughnour

A-1

APPENDIX I

2025 LISTING OF FACILITIES

(all facilities are owned except noted otherwise)

PACKAGING SOLUTIONS NORTH AMERICA		Ontario, California		Fridley, Minnesota
		Salinas, California		Minneapolis, Minnesota, leased
Containerboard		Sanger, California		Shakopee, Minnesota
U.S.:		Santa Fe Springs, California (2 locations)		White Bear Lake, Minnesota
Pine Hill, Alabama		Tracy, California		Houston, Mississippi
Prattville, Alabama		Golden, Colorado		Jackson, Mississippi
Selma, Alabama (Riverdale Mill)		Wheat Ridge, Colorado		Magnolia, Mississippi, leased
Cantonment, Florida (Pensacola Mill)		Putnam, Connecticut		Olive Branch, Mississippi
Riceboro, Georgia (1)		Orlando, Florida		Fenton, Missouri
Rome, Georgia		Plant City, Florida		Kansas City, Missouri
Savannah, Georgia (1)		Tampa, Florida, leased		Maryland Heights, Missouri
Cayuga, Indiana		Columbus, Georgia		North Kansas City, Missouri, leased
Cedar Rapids, Iowa		Forest Park, Georgia		St. Joseph, Missouri
Henderson, Kentucky		Griffin, Georgia		St. Louis, Missouri (2)
Maysville, Kentucky		Lithonia, Georgia		Omaha, Nebraska
Bogalusa, Louisiana		Savannah, Georgia (1)		McCarran, Nevada
Campti, Louisiana (1)		Tucker, Georgia		Barrington, New Jersey
Mansfield, Louisiana		Aurora, Illinois (3 locations), 1 leased		Bellmawr, New Jersey
Vicksburg, Mississippi		Bedford Park, Illinois		Milltown, New Jersey, leased
Valliant, Oklahoma		Belleville, Illinois		Spotswood, New Jersey
Springfield, Oregon		Carol Stream, Illinois		Thorofare, New Jersey
Reading, Pennsylvania		Des Plaines, Illinois		Vineland, New Jersey
		Lincoln, Illinois		Binghamton, New York
International:		Montgomery, Illinois		Buffalo, New York
Veracruz, Mexico (2)		Northlake, Illinois		Rochester, New York
		Butler, Indiana		Scotia, New York
Corrugated Packaging		Crawfordsville, Indiana		Utica, New York
U.S.:		Fort Wayne, Indiana		Asheboro, North Carolina
Bay Minette, Alabama		Indianapolis, Indiana (3 locations)		Charlotte, North Carolina (2 locations), 1 leased
Decatur, Alabama		Lebanon, Indiana		Greensboro, North Carolina
Dothan, Alabama leased		Saint Anthony, Indiana		Holly Springs, North Carolina
Huntsville, Alabama		Tipton, Indiana		Lumberton, North Carolina
Conway, Arkansas		Cedar Rapids, Iowa		Manson, North Carolina
Fort Smith, Arkansas (2 locations)		Waterloo, Iowa		Newton, North Carolina
Russellville, Arkansas (2 locations)		Garden City, Kansas		Byesville, Ohio
Tolleson, Arizona		Bowling Green, Kentucky		Delaware, Ohio
Yuma, Arizona		Lexington, Kentucky		Eaton, Ohio
Anaheim, California		Louisville, Kentucky (1)		Madison, Ohio
Buena Park, California, leased (2)		Walton, Kentucky		Marion, Ohio (1)
Camarillo, California		Bogalusa, Louisiana		Marysville, Ohio leased
Carson, California		Lafayette, Louisiana		Middletown, Ohio
Cerritos, California, leased		Shreveport, Louisiana		Mt. Vernon, Ohio
Compton, California (1)		Springhill, Louisiana		Newark, Ohio
Elk Grove, California		Auburn, Maine		Streetsboro, Ohio
Exeter, California		Cambridge, Maryland		Wooster, Ohio
Gilroy, California (2 locations)		Three Rivers, Michigan		Oklahoma City, Oklahoma
Los Angeles, California (1)		Arden Hills, Minnesota		Beaverton, Oregon
Modesto, California		Austin, Minnesota		Hillsboro, Oregon

A-2

Portland, Oregon		Recycling		Corrugated Packaging
Salem, Oregon, leased		U.S.:		Kalsdorf, Austria
Atglen, Pennsylvania		Phoenix, Arizona (2)		Margarethen, Austria
Biglerville, Pennsylvania (2 locations)		Fremont, California		Buggenhout, Belgium
Eighty-four, Pennsylvania		Norwalk, California		Gent, Belgium
Hazleton, Pennsylvania (1)		West Sacramento, California		Harelbeke, Belgium, leased
Kennett Square, Pennsylvania		Itasca, Illinois		Vogosca, Bosnia, leased
Lancaster, Pennsylvania		Des Moines, Iowa		Pazardzhik, Bulgaria
Mount Carmel, Pennsylvania		Wichita, Kansas (2)		Belisce, Croatia
New Castle, Pennsylvania		Roseville, Minnesota		Koprivnica, Croatia
Reading, Pennsylvania		Omaha, Nebraska		Boletice, Czech Republic
Columbia, South Carolina		Charlotte, North Carolina		Jihlava, Czech Republic, leased
Georgetown, South Carolina		Beaverton, Oregon		Jilove, Czech Republic
Laurens, South Carolina		Springfield, Oregon, leased		Grenaa, Denmark
Lexington, South Carolina		Reading, Pennsylvania		Taulov, Denmark
Ashland City, Tennessee, leased		Carrollton, Texas		Vejle, Denmark
Elizabethton, Tennessee, leased		Salt Lake City, Utah		Tallinn, Estonia
Greeneville, Tennessee		Richmond, Virginia		Tampere, Finland, leased
Morristown, Tennessee		Kent, Washington		Atlantique, France
Murfreesboro, Tennessee				Bretagne, France
Amarillo, Texas		International:		Cabourg, France (2)
Carrollton, Texas (2 locations)		Monterrey, Mexico, leased (2)		Chalon, France
Edinburg, Texas (1)		Xalapa, Veracruz, Mexico, leased (2)		Contoire Hamel, France
El Paso, Texas				Durtal, France
Ft. Worth, Texas, leased				Espaly, France
Grand Prairie, Texas		Bags		Fegersheim, France
Hidalgo, Texas		U.S.:		Gasny, France
McAllen, Texas		Buena Park, California (2)		Kaypac, France
San Antonio, Texas		Beaverton, Oregon (2)		Kunheim, France
Sealy, Texas		Grand Prairie, Texas (2)		Mehun, France
Waxahachie, Texas				Meyzieux, France
Lynchburg, Virginia				Mortagne, France (2)
Petersburg, Virginia		PACKAGING SOLUTIONS EMEA		Neuville, France
Richmond, Virginia				Rives, France
Roanoke, Virginia		Containerboard		Rochechouart, France
Winchester, Virginia		Belisce, Croatia (1)		Rouen, France
Moses Lake, Washington		Rouen, France		Saint Amand, France (2)
Olympia, Washington		Kaysersberg, France		Saint Just, France
Yakima, Washington		Coullons, France (1)		Savoie, France
Fond du Lac, Wisconsin		Contoire Hamel, France		Sud Est, France
Manitowoc, Wisconsin		Aschaffenburg, Germany		Sud Ouest, France
		Witzenhausen, Germany		Toury, France
International:		Lucca, Italy		Toutembal, France
Rancagua, Chile		Kenitra, Morocco		Velin, France
Apodaco (Monterrey), Mexico, leased		Viana, Poland		Vervins, France
Juarez, Mexico (2 locations), leased		Zarnesti, Romania		Arenshausen, Germany
Los Mochis, Mexico		Madrid, Spain		Arnstadt, Germany
Puebla, Mexico, leased		Alcolea, Spain		Donauwoerth, Germany, leased
Reynosa, Mexico		Dueñas, Spain		Endingen, Germany, leased
San Jose Iturbide, Mexico		Kemsley, United Kingdom		Erlensee, Germany
Santa Catarina, Mexico				Fulda, Germany
Silao, Mexico				Hamburg, Germany, leased
Toluca, Mexico				Hövelhof, Germany
Zapopan, Mexico				Lahnau, Germany

A-3

Mannheim, Germany		Timisoara, Romania		Recycling
Minden, Germany		Krusevac, Serbia		Koprivnica, Croatia, leased
Nördlingen, Germany		Valjevo, Serbia		Kutina, Croatia, leased
Paderborn, Germany, leased		Martin, Slovakia		Novi Dori, Croatia, leased
Polkenberg, Germany		Brestanica, Slovenia		Osijek, Croatia, leased
Traunreut, Germany, leased		Logatec, Slovenia		Rijeka, Croatia, leased
Wolfsgruen, Germany		Rakek, Slovenia		S. Brod, Croatia, leased
Ierapetra, Greece		Alcolea, Spain		Split, Croatia, leased
Korinthos, Greece		Andopack, Spain		Zadar, Croatia, leased
Thessaloniki, Greece		Barcelona, Spain		Ancona/Marina, Italy, leased
Fuzesabony, Hungary		Bilbao, Spain (2)		Casarile, Italy, leased
Gyor, Hungary		Cartogal, Spain		Turin, Italy, leased
Nagykata, Hungary		Cartón Lucena, Spain		Figueria, Portugal, leased
Agugliano, Italy		Dicesa, Spain		Porto, Portugal, leased
Arcore, Italy		Dueñas, Spain		Cluj, Romania leased
Bellusco, Italy		Galicia, Spain		Stefanesti, Romania, leased
Brescello, Italy		Gandia, Spain		Timisoara, Romania
Busto, Italy		Grinon, Spain		Belgrade, Serbia, leased
Casarile, Italy		Las Palmas, Spain		Central Spain, Spain
Castelfranco Emilia, Italy		Madrid, Spain (2 locations)		Madrid, Spain, leased
Catania, Italy		Montblanc, Spain		Kemsley, United Kingdom
Cornuda, Italy		Pamplona, Spain
Ferrara, Italy, leased		Penedes, Spain
Lari, Italy		Tavernes de la Valldigna, Spain		GLOBAL CELLULOSE FIBERS
Marlia, Italy		Tenerife, Spain
Pessione, Italy		Torrelavit, Spain		Pulp
Pomezia, Italy		Valls, Spain		U.S.:
Porcari, Italy		Mariestad, Sweden		Flint River, Georgia
Quargnento, Italy		Värnamo, Sweden		Port Wentworth, Georgia
Rosa, Italy		Oftringen, Switzerland		Columbus, Mississippi (2 locations)
San Felice, Italy		Belper, United Kingdom		New Bern, North Carolina
Vigasio, Italy		Blunham, United Kingdom		Riegelwood, North Carolina
Vilnius, Lithuania, leased		Burscough, United Kingdom, leased		Franklin, Virginia
Agadir, Morocco		Claycross, United Kingdom (1)
Casablanca, Morocco		Crumlin, United Kingdom
Tangier, Morocco		Devizes, United Kingdom		International:
Almelo, Netherlands		Ely, United Kingdom		Grande Prairie, Alberta, Canada
Barneveld, Netherlands		Featherstone, United Kingdom		Gdansk, Poland
Eerbeek, Netherlands		Fordham, United Kingdom
Loven, Netherlands		Hinckley, United Kingdom		DISTRIBUTION
Tilburg, Netherlands		Kettering, United Kingdom
Skopje, North Macedonia		Launceston, United Kingdom		International:
Belchatow, Poland		Livingston, United Kingdom		Guangzhou, China, leased
Kielce, Poland (2 locations)		Lockerbie, United Kingdom		Hong Kong, China, leased (1)
Kutno, Poland		Louth, United Kingdom		Shanghai, China, leased
Olawa, Poland		Newcastle, United Kingdom (1)		Japan, leased
Albarraque, Portugal		Plymouth, United Kingdom (1)		Korea, leased (1)
Carregal do Sal, Portugal		Redditch, United Kingdom, leased		Singapore, leased
Gopaca - Porto, Portugal		Sheerness, United Kingdom (1)
Guilhabreu, Portugal		Wellingborough, United Kingdom (1)		(1) Closed in 2025
Leiria, Portugal				(2) Sold in 2025
Ovar, Portugal (2)
Ghimbav, Romania