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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net Sales $ 5,266 $ 5,691 $ 15,698 $ 16,922
Costs and Expenses        
Cost of products sold 3,622 3,891 11,345 11,703
Selling and administrative expenses 380 417 1,142 1,226
Depreciation, amortization and cost of timber harvested 314 329 899 980
Distribution expenses 353 334 1,012 1,058
Taxes other than payroll and income taxes 41 39 123 127
Restructuring and other charges 46 25 47 219
Net (gains) losses on sales and impairments of businesses 5 186 70 186
Interest expense, net 132 141 384 422
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings 373 329 676 1,001
Income tax provision (benefit) 107 106 139 346
Equity earnings (loss), net of taxes 43 (13) 151 84
Earnings (Loss) From Continuing Operations 309 210 688 739
Discontinued operations, net of taxes 0 0 (5) 0
Net Earnings (Loss) 309 210 683 739
Less: Net earnings (loss) attributable to noncontrolling interests (3) (10) (3) (21)
Net Earnings (Loss) Attributable to International Paper Company $ 312 $ 220 $ 686 $ 760
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations $ 0.76 $ 0.53 $ 1.68 $ 1.81
Discontinued operations, net of taxes 0.00 0.00 (0.01) 0.00
Net earnings (loss) 0.76 0.53 1.67 1.81
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations 0.75 0.53 1.66 1.80
Discontinued operations, net of taxes 0.00 0.00 (0.01) 0.00
Net earnings (loss) $ 0.75 $ 0.53 $ 1.65 $ 1.80
Average Shares of Common Stock Outstanding - assuming dilution 415.3 417.5 415.5 421.9
Cash Dividends Per Common Share $ 0.4400 $ 0.4000 $ 1.3200 $ 1.2000
Amounts Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations $ 312 $ 220 $ 691 $ 760
Discontinued operations, net of taxes 0 0 (5) 0
Net Earnings (Loss) Attributable to International Paper Company $ 312 $ 220 $ 686 $ 760