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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net Sales $ 5,643 $ 5,621
Costs and Expenses    
Cost of products sold 3,929 3,948
Selling and administrative expenses 413 421
Depreciation, amortization and cost of timber harvested 315 325
Distribution expenses 389 366
Taxes other than payroll and income taxes 43 44
Restructuring and other charges, net 0 22
Net (gains) losses on sales and impairments of businesses (7) 0
Interest expense, net 133 135
Non-operating pension expense 10 4
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings 418 356
Income tax provision (benefit) 106 89
Equity earnings (loss), net of taxes 114 95
Earnings (Loss) From Continuing Operations 426 362
Discontinued operations, net of taxes 0 368
Net Earnings (Loss) 426 730
Less: Net earnings (loss) attributable to noncontrolling interests 2 1
Net Earnings (Loss) Attributable to International Paper Company $ 424 $ 729
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders    
Earnings (loss) from continuing operations $ 1.06 $ 0.87
Discontinued operations, net of taxes 0.00 0.89
Net earnings (loss) 1.06 1.76
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders    
Earnings (loss) from continuing operations 1.05 0.86
Discontinued operations, net of taxes 0.00 0.88
Net earnings (loss) $ 1.05 $ 1.74
Average Shares of Common Stock Outstanding – assuming dilution 403.2 418.2
Cash Dividends Per Common Share $ 0.5000 $ 0.4750
Amounts Attributable to International Paper Company Common Shareholders    
Earnings (loss) from continuing operations $ 424 $ 361
Discontinued operations, net of taxes 0 368
Net Earnings (Loss) Attributable to International Paper Company $ 424 $ 729