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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net Sales $ 5,913 $ 5,266 $ 17,196 $ 15,698
Costs and Expenses        
Cost of products sold 4,024 3,622 12,069 11,345
Selling and administrative expenses 431 380 1,275 1,142
Depreciation, amortization and cost of timber harvested 373 314 1,075 899
Distribution expenses 386 353 1,155 1,012
Taxes other than payroll and income taxes 44 41 132 123
Restructuring and other charges 0 46 (16) 47
Net (gains) losses on sales and impairments of businesses 0 5 9 70
Litigation settlement 0 0 354 0
Net bargain purchase gain on acquisition of business 0 0 (6) 0
Interest expense, net 152 132 431 384
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings 503 373 718 676
Income tax provision (benefit) 153 107 147 139
Equity earnings (loss), net of taxes 45 43 113 151
Earnings (Loss) From Continuing Operations 395 309 684 688
Discontinued operations, net of taxes 0 0 0 (5)
Net Earnings (Loss) 395 309 684 683
Less: Net earnings (loss) attributable to noncontrolling interests 0 (3) 0 (3)
Net Earnings (Loss) Attributable to International Paper Company $ 395 $ 312 $ 684 $ 686
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations $ 0.96 $ 0.76 $ 1.65 $ 1.68
Discontinued operations, net of taxes 0.00 0.00 0.00 (0.01)
Net earnings (loss) 0.96 0.76 1.65 1.67
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations 0.95 0.75 1.64 1.66
Discontinued operations, net of taxes 0.00 0.00 0.00 (0.01)
Net earnings (loss) $ 0.95 $ 0.75 $ 1.64 $ 1.65
Average Shares of Common Stock Outstanding – assuming dilution 417.4 415.3 417.4 415.5
Cash Dividends Per Common Share $ 0.4625 $ 0.4400 $ 1.3875 $ 1.3200
Amounts Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations $ 395 $ 312 $ 684 $ 691
Discontinued operations, net of taxes 0 0 0 (5)
Net Earnings (Loss) Attributable to International Paper Company $ 395 $ 312 $ 684 $ 686