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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, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net Sales $ 7,406 $ 7,026 $ 21,831 $ 20,758
Costs and Expenses        
Cost of products sold 5,313 5,140 15,947 15,394
Selling and administrative expenses 572 527 1,654 1,514
Depreciation, amortization and cost of timber harvested 401 383 1,176 1,111
Distribution expenses 438 403 1,309 1,198
Taxes other than payroll and income taxes 47 39 143 124
Restructuring and other charges 76 33 131 88
Net (gains) losses on sales and impairments of businesses 1 18 1 89
Net bargain purchase gain on acquisition of business 0 0 (13) 0
Interest expense, net 147 163 479 [1] 503
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings 411 320 1,004 737
Income tax provision (benefit) 41 130 66 257
Equity earnings (losses), net of taxes 16 34 (30) 52
Earnings (Loss) From Continuing Operations 386 224 908 532
Discontinued operations, net of taxes (10) 14 40 35
Net Earnings (Loss) 376 238 948 567
Less: Net earnings (loss) attributable to noncontrolling interests (6) 1 (11) 8
Net Earnings (Loss) Attributable to International Paper Company 382 237 959 559
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations $ 0.88 $ 0.51 $ 2.07 $ 1.20
Discontinued operations, net of taxes $ (0.02) $ 0.03 $ 0.09 $ 0.08
Net earnings (loss) $ 0.86 $ 0.54 $ 2.16 $ 1.28
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations $ 0.87 $ 0.51 $ 2.05 $ 1.19
Discontinued operations, net of taxes $ (0.02) $ 0.03 $ 0.09 $ 0.08
Net earnings (loss) $ 0.85 $ 0.54 $ 2.14 $ 1.27
Average Shares of Common Stock Outstanding - assuming dilution 449.7 439.8 448.7 439.7
Cash Dividends Per Common Share $ 0.3000 $ 0.2625 $ 0.9000 $ 0.7875
Amounts Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations 392 223 919 524
Discontinued operations, net of taxes (10) 14 40 35
Net Earnings (Loss) Attributable to International Paper Company $ 382 $ 237 $ 959 $ 559
[1] Includes a gain of $6 million for interest related to the settlement of an IRS tax audit.