International Paper Co (International Paper Co) Long-Term Capital Lease Obligation : $307 Mil (As of Mar. 2024)

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What is International Paper Co Long-Term Capital Lease Obligation?

International Paper Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $307 Mil.

International Paper Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($317 Mil) to Dec. 2023 ($312 Mil) and declined from Dec. 2023 ($312 Mil) to Mar. 2024 ($307 Mil).

International Paper Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($236 Mil) to Dec. 2022 ($283 Mil) and increased from Dec. 2022 ($283 Mil) to Dec. 2023 ($312 Mil).

International Paper Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for International Paper Co's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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International Paper Co Long-Term Capital Lease Obligation Chart

International Paper Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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304.00

256.00

236.00

283.00

312.00

International Paper Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															286.00	304.00	317.00	312.00	307.00

International Paper Co (NYSE:IP) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

International Paper Co Long-Term Capital Lease Obligation Related Terms

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International Paper Co (International Paper Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » International Paper Co (NYSE:IP) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

INP:Germany INP:Germany INP:Germany INP:Germany I1PC34:Brazil IP:Argentina

Address

6400 Poplar Avenue, Memphis, TN, USA, 38197

Website

https://www.internationalpaper.com

International Paper manufactures packaging products and cellulose fibers. It accounts for roughly one third of the North American corrugated packaging market. Though it has operations in Brazil, Russia, India, and China, more than three fourths of its sales come from North America. International Paper serves a variety of end markets, including industrial, consumer products, and manufacturing.

Executives

Thomas J. Plath	officer: Senior Vice President	C/O INTERNATIONAL PAPER COMPANY, 6400 POPLAR AVENUE, MEMPHIS TN 38197
Holly G Houghnour	officer: Vice President & Controller	C/O INTERNATIONAL PAPER COMPANY, 6400 POPLAR AVENUE, MEMPHIS TN 38197
Kseniia N. Sosnina	officer: Senior Vice President	6400 POPLAR AVENUE, MEMPHIS TN 38197
International Paper Co /new/	officer: Senior Vice President	6400 POPLAR AVENUE, MEMPHIS TN 38197
Joseph R. Saab	officer: SVP, GC and Corp. Secretary	6400 POPLAR AVENUE, MEMPHIS TN 38197
Mark S Sutton	director, officer: Chairman and CEO	C\O INTERNATIONAL PAPER COMPANY, 6400 POPLAR AVE, MEMPHIS TN 38197
Aimee K. Gregg	officer: Senior Vice President	6400 POPLAR AVENUE, MEMPHIS TN 38197
Allison B. Magness	officer: Senior Vice President	6400 POPLAR AVENUE, MEMPHIS TN 38197
Timothy S Nicholls	officer: SVP and CFO	C/O INTERNATIONAL PAPER COMPANY, 6400 POPLAR AVENUE, MEMPHIS TN 38197
William Thomas Hamic	officer: Senior Vice President	6400 POPLAR AVENUE, MEMPHIS TN 38197
John V Sims	officer: Senior Vice President	C/O INTERNATIONAL PAPER COMPANY, 6400 POPLAR AVENUE, MEMPHIS TN 38197
Jeanmichel Ribieras	officer: Senior Vice President	C/O INTERNATIONAL PAPER COMPANY, 6400 POPLAR AVENUE, MEMPHIS TN 38197
Lewis Clinton A. Jr.	director	C/O ZOETIS INC., 100 CAMPUS DRIVE, FLORHAM PARK NJ 07940
Gregory T Wanta	officer: Senior Vice President	C/O INTERNATIONAL PAPER COMPANY, 6400 POPLAR AVENUE, MEMPHIS TN 38197
Donald G Macpherson	director	100 GRAINGER PARKWAY, LAKE FOREST IL 60045