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Consolidated Statement of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net Sales $ 7,026 $ 6,632 $ 20,758 $ 19,667
Costs and Expenses        
Cost of products sold 5,140 4,793 15,394 14,298
Selling and administrative expenses 527 477 1,514 1,446
Depreciation, amortization and cost of timber harvested 383 335 1,111 1,011
Distribution expenses 403 352 1,198 1,053
Taxes other than payroll and income taxes 39 33 124 111
Restructuring and other charges 33 49 88 84
Net (gains) losses on sales and impairments of businesses 18 82 89 219
Interest expense, net 163 130 503 403
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings 320 381 737 1,042
Income tax provision (benefit) 130 (84) 257 157
Equity earnings (losses), net of taxes 34 0 52 117
Earnings (Loss) From Continuing Operations 224 465 532 1,002
Discontinued operations, net of taxes 14 0 35 49
Net Earnings (Loss) 238 465 567 1,051
Less: Net earnings (loss) attributable to noncontrolling interests 1 (3) 8 10
Net Earnings (Loss) Attributable to International Paper Company 237 468 559 1,041
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations (usd per share) $ 0.51 $ 1.08 $ 1.20 $ 2.30
Discontinued operations, net of taxes (usd per share) $ 0.03 $ 0 $ 0.08 $ 0.11
Net earnings (loss) (usd per share) $ 0.54 $ 1.08 $ 1.28 $ 2.41
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations (usd per share) $ 0.51 $ 1.08 $ 1.19 $ 2.27
Discontinued operations, net of taxes (usd per share) $ 0.03 $ 0 $ 0.08 $ 0.11
Net earnings (loss) (usd per share) $ 0.54 $ 1.08 $ 1.27 $ 2.38
Average Shares of Common Stock Outstanding - assuming dilution (shares) 439.8 435.2 439.7 436.7
Cash Dividends Per Common Share (usd per share) $ 0.2625 $ 0.2625 $ 0.7875 $ 0.7125
Amounts Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations 223 468 524 992
Discontinued operations, net of taxes 14 0 35 49
Net Earnings (Loss) Attributable to International Paper Company $ 237 $ 468 $ 559 $ 1,041