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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net Sales $ 5,511 $ 5,110
Costs and Expenses    
Cost of products sold 3,940 3,611
Selling and administrative expenses 422 376
Depreciation, amortization and cost of timber harvested 345 284
Depreciation, amortization and cost of timber harvested 379 320
Taxes other than payroll and income taxes 45 41
Restructuring and other charges 0 1
Net (gains) losses on sales and impairments of businesses 0 37
Net bargain purchase gain on acquisition of business (6) 0
Interest expense, net 142 123
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings 244 317
Income tax provision (benefit) 83 41
Equity earnings (loss), net of taxes 48 63
Earnings (Loss) From Continuing Operations 209 339
Discontinued operations, net of taxes 0 (5)
Net Earnings (Loss) 209 334
Less: Net earnings (loss) attributable to noncontrolling interests 0 0
Net Earnings (Loss) Attributable to International Paper Company $ 209 $ 334
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders    
Earnings (loss) from continuing operations $ 0.51 $ 0.82
Discontinued operations, net of taxes 0.00 (0.01)
Net earnings (loss) 0.51 0.81
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders    
Earnings (loss) from continuing operations 0.50 0.82
Discontinued operations, net of taxes 0.00 (0.01)
Net earnings (loss) $ 0.50 $ 0.81
Average Shares of Common Stock Outstanding – assuming dilution 416.0 414.0
Cash Dividends Per Common Share $ 0.4625 $ 0.4400
Amounts Attributable to International Paper Company Common Shareholders    
Earnings (loss) from continuing operations $ 209 $ 339
Discontinued operations, net of taxes 0 (5)
Net Earnings (Loss) Attributable to International Paper Company $ 209 $ 334