Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name INTERNATIONAL PAPER CO /NEW/
CIK 0000051434
Accession number 0000051434-14-000003
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/51434/000005143414000003/ip-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
The tax effects of significant temporary differences, representing deferred income tax assets and liabilities at December 31, 2013 and 2012, were as follows: 
In millions
2013

2012

Deferred income tax assets:
 
 
Postretirement benefit accruals
$
193

$
229

Pension obligations
725

1,620

Alternative minimum and other tax credits
515

752

Net operating loss carryforwards
610

579

Compensation reserves
281

242

Other
284

406

Gross deferred income tax assets
2,608

3,828

Less: valuation allowance
(413
)
(400
)
Net deferred income tax asset
$
2,195

$
3,428

Deferred income tax liabilities:
 
 
Intangibles
$
(304
)
$
(378
)
Plants, properties and equipment
(2,919
)
(3,126
)
Forestlands and related installment sales
(2,307
)
(2,511
)
Gross deferred income tax liabilities
$
(5,530
)
$
(6,015
)
Net deferred income tax liability
$
(3,335
)
$
(2,587
)

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 2,608,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -413,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 2,195,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -3,335,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -1,140,000,000
CHECK 0

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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 302,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -3,765,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -1,140,000,000
CHECK 0

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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 2,195,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -3,335,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -1,140,000,000
CHECK 0

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