EX-11 3 ip-20170930exhibit11statem.htm EXHIBIT 11 Exhibit

Exhibit 11

INTERNATIONAL PAPER COMPANY
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS (1)
(Unaudited)
(In millions, except per share amounts)

 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2017
 
2016
 
2017
 
2016
Earnings (loss) from continuing operations
$
395

 
$
312

 
$
684

 
$
691

Discontinued operations
—

 
—

 
—

 
(5
)
Net earnings (loss)
395

 
312

 
684

 
686

Effect of dilutive securities
—

 
—

 
—

 
—

Net earnings - assuming dilution
$
395

 
$
312

 
$
684

 
$
686

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

Earnings (loss) per common share from continuing operations
$
0.96

 
$
0.76

 
$
1.65

 
$
1.68

Discontinued operations
—

 
—

 
—

 
(0.01
)
Net earnings (loss) per common share
$
0.96

 
$
0.76

 
$
1.65

 
$
1.67

Earnings (loss) per common share from continuing operations - assuming dilution
$
0.95

 
$
0.75

 
$
1.64

 
$
1.66

Discontinued operations
—

 
—

 
—

 
(0.01
)
Net earnings (loss) per common share - assuming dilution
$
0.95

 
$
0.75

 
$
1.64

 
$
1.65


Note: If an amount does not appear in the above table, the security was antidilutive for the periods presented.

(1)
Attributable to International Paper Company common shareholders.