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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net Sales $ 5,322 $ 5,714 $ 10,432 $ 11,231
Costs and Expenses        
Cost of products sold 4,112 3,968 7,723 7,812
Selling and administrative expenses 386 403 762 809
Depreciation, amortization and cost of timber harvested 301 328 585 651
Distribution expenses 339 367 659 724
Taxes other than payroll and income taxes 41 44 82 88
Restructuring and other charges 0 194 1 194
Net (gains) losses on sales and impairments of businesses 28 0 65 0
Interest expense, net 129 144 252 281
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings (14) 266 303 672
Income tax provision (benefit) (9) 110 32 240
Equity earnings (loss), net of taxes 45 62 108 97
Earnings (Loss) From Continuing Operations 40 218 379 529
Discontinued operations, net of taxes 0 0 (5) 0
Net Earnings (Loss) 40 218 374 529
Less: Net earnings (loss) attributable to noncontrolling interests 0 (9) 0 (11)
Net Earnings (Loss) Attributable to International Paper Company $ 40 $ 227 $ 374 $ 540
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations $ 0.10 $ 0.54 $ 0.92 $ 1.28
Discontinued operations, net of taxes 0.00 0.00 (0.01) 0.00
Net earnings (loss) 0.10 0.54 0.91 1.28
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations 0.10 0.54 0.91 1.28
Discontinued operations, net of taxes 0.00 0.00 (0.01) 0.00
Net earnings (loss) $ 0.10 $ 0.54 $ 0.90 $ 1.28
Average Shares of Common Stock Outstanding - assuming dilution 414.7 421.9 415.1 423.4
Cash Dividends Per Common Share $ 0.4400 $ 0.4000 $ 0.8800 $ 0.8000
Amounts Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations $ 40 $ 227 $ 379 $ 540
Discontinued operations, net of taxes 0 0 (5) 0
Net Earnings (Loss) Attributable to International Paper Company $ 40 $ 227 $ 374 $ 540