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BASIS OF PRESENTATION (Tables)
 9 Months Ended
Sep. 30, 2012
Impact On Consolidated Statement Of Operations Due To Elimination Of One Quarter Reporting Lag For Ilim
Consolidated Statement of Operations 
In millions
Three Months Ended September 30, 2011
 
Nine Months Ended September 30, 2011
Equity earnings (loss)
$
(50
)
 
$
(43
)
Earnings (loss) from continuing operations
(50
)
 
(43
)
Net earnings (loss) attributable to International Paper Company
(50
)
 
(43
)
Basic earnings (loss) per share from continuing operations
(0.12
)
 
(0.10
)
Basic net earnings (loss) per share
(0.12
)
 
(0.10
)
Diluted earnings (loss) per share from continuing operations
(0.11
)
 
(0.10
)
Diluted net earnings (loss) per share
(0.11
)
 
(0.10
)
Impact On Consolidated Balance Sheet Due To Elimination Of One Quarter Reporting Lag For Ilim
Consolidated Balance Sheet 
In millions
December 31, 2011
Investments
$
25

Retained earnings
25