Risk Factors Update Summary
- Experienced a deterioration in operating conditions in 2023, resulting in lower demand and profitability.
- Demand rebounded in the second half of 2023, but economic outlook for 2024 remains uncertain.
- Purchased 809,000 tons of recycled fiber in 2023, an increase from 765,000 tons in 2022.
- Sales to ODP represented 61% of Paper segment sales in 2023, up from 48% in 2022.
- Increased cost of fiber and purchased fuels in 2023 resulted in additional expenses.
- Total company costs, excluding non-cash costs, increased to $6.1 billion in 2023 from $6.0 billion in 2022.
- Debt outstanding increased to $2.9 billion in 2023 from $2.5 billion in 2022.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=75677&owner=exclude
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