EX-11 3 ip-20160630exhibit11statem.htm EXHIBIT 11 - STATEMENT OF COMPUTATION OF PER SHARE EARNINGS Exhibit

Exhibit 11

INTERNATIONAL PAPER COMPANY
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS (1)
(Unaudited)
(In millions, except per share amounts)

 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2016
 
2015
 
2016
 
2015
Earnings (loss) from continuing operations
$
40

 
$
227

 
$
379

 
$
540

Discontinued operations
—

 
—

 
(5
)
 
—

Net earnings (loss)
40

 
227

 
374

 
540

Effect of dilutive securities
—

 
—

 
—

 
—

Net earnings - assuming dilution
$
40

 
$
227

 
$
374

 
$
540

Average common shares outstanding
411.2

 
420.0

 
411.0

 
420.6

Effect of dilutive securities
 
 
 
 
 
 
 
Restricted stock performance share plan
3.5

 
1.9

 
4.1

 
2.8

Average common shares outstanding - assuming dilution
414.7

 
421.9

 
415.1

 
423.4

Earnings (loss) per common share from continuing operations
$
0.10

 
$
0.54

 
$
0.92

 
$
1.28

Discontinued operations
—

 
—

 
(0.01
)
 
—

Net earnings (loss) per common share
$
0.10

 
$
0.54

 
$
0.91

 
$
1.28

Earnings (loss) per common share from continuing operations - assuming dilution
$
0.10

 
$
0.54

 
$
0.91

 
$
1.28

Discontinued operations
—

 
—

 
(0.01
)
 
—

Net earnings (loss) per common share - assuming dilution
$
0.10

 
$
0.54

 
$
0.90

 
$
1.28


Note: If an amount does not appear in the above table, the security was antidilutive for the periods presented.

(1)
Attributable to International Paper Company common shareholders.