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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net Sales $ 5,110 $ 5,517
Costs and Expenses    
Cost of products sold 3,611 3,844
Selling and administrative expenses 376 406
Depreciation, amortization and cost of timber harvested 284 323
Distribution expenses 320 357
Taxes other than payroll and income taxes 41 44
Restructuring and other charges 1 0
Net (gains) losses on sales and impairments of businesses 37 0
Interest expense, net 123 137
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings 317 406
Income tax provision (benefit) 41 130
Equity earnings (loss), net of taxes 63 35
Earnings (Loss) From Continuing Operations 339 311
Discontinued operations, net of taxes (5) 0
Net Earnings (Loss) 334 311
Less: Net earnings (loss) attributable to noncontrolling interests 0 (2)
Net Earnings (Loss) Attributable to International Paper Company $ 334 $ 313
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders    
Earnings (loss) from continuing operations $ 0.82 $ 0.74
Discontinued operations, net of taxes (0.01) 0.00
Net earnings (loss) 0.81 0.74
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders    
Earnings (loss) from continuing operations 0.82 0.74
Discontinued operations, net of taxes (0.01) 0.00
Net earnings (loss) $ 0.81 $ 0.74
Average Shares of Common Stock Outstanding - assuming dilution 414.0 423.7
Cash Dividends Per Common Share $ 0.4400 $ 0.4000
Amounts Attributable to International Paper Company Common Shareholders    
Earnings (loss) from continuing operations $ 339 $ 313
Discontinued operations, net of taxes (5) 0
Net Earnings (Loss) Attributable to International Paper Company $ 334 $ 313