EARNINGS PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS Footnote

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Earnings Per Share [Note Text Block]

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 September 30,				Nine Months Ended September 30,
In millions, except per share amounts	2017		2016		2017		2016
Earnings (loss) from continuing operations	$	395	$	312	$	684	$	691
Effect of dilutive securities	—		—		—		—
Earnings (loss) from continuing operations – assuming dilution	$	395	$	312	$	684	$	691
Average common shares outstanding	412.9		411.2		412.6		411.0
Effect of dilutive securities
Restricted stock performance share plan	4.5		4.1		4.8		4.5
Average common shares outstanding – assuming dilution	417.4		415.3		417.4		415.5
Basic earnings (loss) from continuing operations per common share	$	0.96	$	0.76	$	1.65	$	1.68
Diluted earnings (loss) from continuing operations per common share	$	0.95	$	0.75	$	1.64	$	1.66