EX-11 2 ip-20160930exhibit11statem.htm EXHIBIT 11 Exhibit

Exhibit 11

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

 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Earnings (loss) from continuing operations
$
312

 
$
220

 
$
691

 
$
760

Discontinued operations
—

 
—

 
(5
)
 
—

Net earnings (loss)
312

 
220

 
686

 
760

Effect of dilutive securities
—

 
—

 
—

 
—

Net earnings - assuming dilution
$
312

 
$
220

 
$
686

 
$
760

Average common shares outstanding
411.2

 
415.1

 
411.0

 
418.7

Effect of dilutive securities
 
 
 
 
 
 
 
Restricted stock performance share plan
4.1

 
2.4

 
4.5

 
3.2

Average common shares outstanding - assuming dilution
415.3

 
417.5

 
415.5

 
421.9

Earnings (loss) per common share from continuing operations
$
0.76

 
$
0.53

 
$
1.68

 
$
1.81

Discontinued operations
—

 
—

 
(0.01
)
 
—

Net earnings (loss) per common share
$
0.76

 
$
0.53

 
$
1.67

 
$
1.81

Earnings (loss) per common share from continuing operations - assuming dilution
$
0.75

 
$
0.53

 
$
1.66

 
$
1.80

Discontinued operations
—

 
—

 
(0.01
)
 
—

Net earnings (loss) per common share - assuming dilution
$
0.75

 
$
0.53

 
$
1.65

 
$
1.80


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.