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Consolidated Statement of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Net Sales $ 7,014 $ 7,090
Costs and Expenses    
Cost of products sold 5,175 5,220
Selling and administrative expenses 528 567
Depreciation, amortization and cost of timber harvested 352 379
Distribution expenses 400 422
Taxes other than payroll and income taxes 47 49
Restructuring and other charges 517 59
Interest expense, net 142 164 [1]
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings (147) 230
Income tax provision (benefit) (83) (69)
Equity earnings (loss), net of taxes (33) (10)
Earnings (Loss) From Continuing Operations (97) 289
Discontinued operations, net of taxes (2) 26
Net Earnings (Loss) (99) 315
Less: Net earnings (loss) attributable to noncontrolling interests (4) (3)
Net Earnings (Loss) Attributable to International Paper Company (95) 318
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders    
Earnings (loss) from continuing operations $ (0.21) $ 0.66
Discontinued operations, net of taxes $ 0.00 $ 0.06
Net earnings (loss) $ (0.21) $ 0.72
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders    
Earnings (loss) from continuing operations $ (0.21) $ 0.65
Discontinued operations, net of taxes $ 0.00 $ 0.06
Net earnings (loss) $ (0.21) $ 0.71
Average Shares of Common Stock Outstanding - assuming dilution 435.6 446.1
Cash Dividends Per Common Share $ 0.3500 $ 0.3000
Amounts Attributable to International Paper Company Common Shareholders    
Earnings (loss) from continuing operations (93) 292
Discontinued operations, net of taxes (2) 26
Net Earnings (Loss) Attributable to International Paper Company $ (95) $ 318
[1] Includes a gain of $6 million for interest related to the settlement of an IRS tax audit.