EX-11 4 exhibit11statementofcomput.htm EXHIBIT EXHIBIT 11 STATEMENT OF COMPUTATION OF PER SHARE EARNINGS (1)

Exhibit 11

INTERNATIONAL PAPER COMPANY
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS (1)
(Unaudited)
(In millions, except per share amounts)

 
Three Months Ended
March 31,
 
2013
 
2012
Earnings (loss) from continuing operations
$
292

 
$
183

Discontinued operations
26

 
5

Net earnings (loss)
318

 
188

Effect of dilutive securities
—

 
—

Net earnings - assuming dilution
$
318

 
$
188

Average common shares outstanding
441.5

 
434.1

Effect of dilutive securities
 
 
 
Restricted stock performance share plan
4.3

 
4.5

Stock options
0.3

 
—

Average common shares outstanding - assuming dilution
446.1

 
438.6

Earnings (loss) per common share from continuing operations
$
0.66

 
$
0.42

Discontinued operations
0.06

 
0.01

Net earnings (loss) per common share
$
0.72

 
$
0.43

Earnings (loss) per common share from continuing operations - assuming dilution
$
0.65

 
$
0.42

Discontinued operations
0.06

 
0.01

Net earnings (loss) per common share - assuming dilution
$
0.71

 
$
0.43


Note: If an amount does not appear in the above table, the security was antidilutive for the periods presented.

(1) Attributable to International Paper Company common shareholders.