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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net Sales $ 5,691 $ 6,051 $ 16,922 $ 17,674
Costs and Expenses        
Cost of products sold 3,891 4,055 11,703 12,149
Selling and administrative expenses 417 467 1,226 1,331
Depreciation, amortization and cost of timber harvested 329 358 980 1,060
Distribution expenses 334 394 1,058 1,137
Taxes other than payroll and income taxes 39 43 127 137
Restructuring and other charges 25 24 219 830
Impairment of business 186 0 186 0
Interest expense, net 141 158 422 465
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings 329 552 1,001 565
Income tax provision (benefit) 106 147 346 89
Equity earnings (loss), net of taxes (13) (72) 84 (64)
Earnings (Loss) From Continuing Operations 210 333 739 412
Discontinued operations, net of taxes 0 16 0 (4)
Net Earnings (Loss) 210 349 739 408
Less: Net earnings (loss) attributable to noncontrolling interests (10) (6) (21) (13)
Net Earnings (Loss) Attributable to International Paper Company $ 220 $ 355 $ 760 $ 421
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations $ 0.53 $ 0.80 $ 1.81 $ 0.99
Discontinued operations, net of taxes 0.00 0.04 0.00 (0.01)
Net earnings (loss) 0.53 0.84 1.81 0.98
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations 0.53 0.79 1.80 0.98
Discontinued operations, net of taxes 0.00 0.04 0.00 (0.01)
Net earnings (loss) $ 0.53 $ 0.83 $ 1.80 $ 0.97
Average Shares of Common Stock Outstanding - assuming dilution 417.5 428.6 421.9 433.7
Cash Dividends Per Common Share $ 0.4000 $ 0.3500 $ 1.2000 $ 1.0500
Amounts Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations $ 220 $ 339 $ 760 $ 425
Discontinued operations, net of taxes 0 16 0 (4)
Net Earnings (Loss) Attributable to International Paper Company $ 220 $ 355 $ 760 $ 421