EARNINGS PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS Footnote

3 Months Ended

Mar. 31, 2017

NOTE 5 - EARNINGS PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS

Basic earnings per common share are computed by dividing earnings by the weighted average number of common shares outstanding. Diluted earnings per common share are computed assuming that all potentially dilutive securities were converted into common shares. A reconciliation of the amounts included in the computation of earnings (loss) per common share, and diluted earnings (loss) per common share is as follows:



	Three Months Ended March 31,
In millions, except per share amounts	2017		2016
Earnings (loss) from continuing operations	$	209	$	339
Effect of dilutive securities	—		—
Earnings (loss) from continuing operations – assuming dilution	$	209	$	339
Average common shares outstanding	412.1		410.8
Effect of dilutive securities
Restricted stock performance share plan	3.9		3.2
Average common shares outstanding – assuming dilution	416.0		414.0
Basic earnings (loss) from continuing operations per common share	$	0.51	$	0.82
Diluted earnings (loss) from continuing operations per common share	$	0.50	$	0.82