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      "text": "1 Excludes GCF; DS Smith presented on IFRS basis combined with IP U.S. GAAP basis. 2 Assumes mid-cycle environment. 3 Please see Appendix at the end of this presentation as well as the Investors section of our website (www.internationalpaper.com) for more information on non-GAAP financial measures, definitions, and reconciliations to most directly comparable U.S. GAAP measures. 4 Excludes GCF and one-time item of deferred taxes paid related to timber monetization.",
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