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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net Sales $ 5,667 $ 5,833 $ 11,310 $ 11,454
Costs and Expenses        
Cost of products sold 3,901 3,922 7,830 7,870
Selling and administrative expenses 402 451 815 872
Depreciation, amortization and cost of timber harvested 321 330 636 655
Distribution expenses 384 403 773 769
Taxes other than payroll and income taxes 43 42 86 86
Restructuring and other charges, net 0 26 0 48
Net (gains) losses on sales and impairments of businesses 152 0 145 0
Interest expense, net 122 133 255 268
Non-operating pension expense 8 36 18 40
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings 334 490 752 846
Income tax provision (benefit) 128 130 234 219
Equity earnings (loss), net of taxes 80 70 194 165
Earnings (Loss) From Continuing Operations 286 430 712 792
Discontinued operations, net of taxes 0 (23) 0 345
Net Earnings (Loss) 286 407 712 1,137
Less: Net earnings (loss) attributable to noncontrolling interests (6) 2 (4) 3
Net Earnings (Loss) Attributable to International Paper Company $ 292 $ 405 $ 716 $ 1,134
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations $ 0.74 $ 1.03 $ 1.80 $ 1.91
Discontinued operations, net of taxes 0 (0.05) 0 0.83
Net earnings (loss) 0.74 0.98 1.80 2.74
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations 0.73 1.02 1.78 1.88
Discontinued operations, net of taxes 0 (0.05) 0 0.83
Net earnings (loss) $ 0.73 $ 0.97 $ 1.78 $ 2.71
Average Shares of Common Stock Outstanding – assuming dilution 398.2 417.7 401.4 418.8