Operating profit by business segment for the three months and nine months ended September 30, 2016 and 2015 were as follows: | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | In millions | 2016 | | 2015 | | 2016 | | 2015 | | Industrial Packaging | $ | 424 |
| (a) | $ | 553 |
|
| $ | 1,279 |
| (a) | $ | 1,549 |
| | Printing Papers | 128 |
| (b) | 179 |
|
| 309 |
| (b) | 389 |
| | Consumer Packaging | 61 |
| | (153 | ) | (d) | 150 |
| (c) | (60 | ) | (d) | Business Segment Operating Profit | 613 |
| | 579 |
| | 1,738 |
| | 1,878 |
| | | | | | | | | | | Earnings (loss) from continuing operations before income taxes and equity earnings | $ | 373 |
| | $ | 329 |
| | $ | 676 |
| | $ | 1,001 |
| | Interest expense, net | 132 |
| | 141 |
| | 384 |
| | 422 |
| | Noncontrolling interests/equity earnings adjustment (f) | 1 |
| | 6 |
| | 1 |
| | 10 |
| | Corporate items, net | 11 |
| | 10 |
| | 58 |
| | 27 |
| | Restructuring and other charges | 54 |
| | 17 |
| | 46 |
| | 220 |
| | Non-operating pension expense | 42 |
| | 76 |
| | 573 |
| (e) | 198 |
| | Adjusted Operating Profit | $ | 613 |
| | $ | 579 |
| | $ | 1,738 |
| | $ | 1,878 |
| | Equity earnings (loss), net of taxes – Ilim | $ | 46 |
| | $ | (9 | ) | | $ | 154 |
| | $ | 97 |
| |
| | (a) | Includes charges of $5 million and $70 million for the three months and nine months ended September 30, 2016 for the impairment of the assets of our Asia corrugated packaging business in Asia and costs associated with the sale of the business. |
| | (b) | Includes charges of $7 million and $12 million for the three months and nine months ended September 30, 2016 for costs associated with the announced agreement to purchase the Weyerhaeuser Pulp business. |
| | (c) | Includes a charge of $9 million for the nine months ended September 30, 2016 for costs associated with the Riegelwood mill conversion to 100% pulp production. |
| | (d) | Includes a charge of $186 million for the three months and nine months ended September 30, 2015 for asset write-offs associated with the sale of our 55% equity share in the IP-Sun JV, a net expense of $7 million and a net gain of $7 million for the three months and nine months ended September 30, 2015 related to the sale of the Carolina Coated Bristols brand and costs associated with the Riegelwood mill conversion to 100% pulp production, and charges of $1 million and $2 million for the three months and nine months ended September 30, 2015 for costs associated with the Coated Paperboard sheet plant closures. |
| | (e) | Includes a charge of $439 million for the nine months ended September 30, 2016 for a settlement accounting charge associated with term-vested lump sum payments. |
| | (f) | Operating profits for business segments include each segment's percentage share of the profits of subsidiaries included in that segment that are less than wholly owned. The pre-tax noncontrolling interest and equity earnings for these subsidiaries are adjusted here to present consolidated earnings before income taxes and equity earnings. |
|