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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net Sales $ 5,772 $ 5,322 $ 11,283 $ 10,432
Costs and Expenses        
Cost of products sold 4,105 4,112 8,045 7,723
Selling and administrative expenses 422 386 844 762
Depreciation, amortization and cost of timber harvested 357 301 702 585
Distribution expenses 390 339 769 659
Taxes other than payroll and income taxes 43 41 88 82
Restructuring and other charges (16) 0 (16) 1
Net (gains) losses on sales and impairments of businesses 9 28 9 65
Litigation settlement 354 0 354 0
Net bargain purchase gain on acquisition of business 0 0 (6) 0
Interest expense, net 137 129 279 252
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings (29) (14) 215 303
Income tax provision (benefit) (89) (9) (6) 32
Equity earnings (loss), net of taxes 20 45 68 108
Earnings (Loss) From Continuing Operations 80 40 289 379
Discontinued operations, net of taxes 0 0 0 (5)
Net Earnings (Loss) 80 40 289 374
Less: Net earnings (loss) attributable to noncontrolling interests 0 0 0 0
Net Earnings (Loss) Attributable to International Paper Company $ 80 $ 40 $ 289 $ 374
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations $ 0.19 $ 0.10 $ 0.70 $ 0.92
Discontinued operations, net of taxes 0.00 0.00 0.00 (0.01)
Net earnings (loss) 0.19 0.10 0.70 0.91
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations 0.19 0.10 0.69 0.91
Discontinued operations, net of taxes 0.00 0.00 0.00 (0.01)
Net earnings (loss) $ 0.19 $ 0.10 $ 0.69 $ 0.90
Average Shares of Common Stock Outstanding – assuming dilution 416.4 414.7 416.7 415.1
Cash Dividends Per Common Share $ 0.4625 $ 0.4400 $ 0.9250 $ 0.8800
Amounts Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations $ 80 $ 40 $ 289 $ 379
Discontinued operations, net of taxes 0 0 0 (5)
Net Earnings (Loss) Attributable to International Paper Company $ 80 $ 40 $ 289 $ 374