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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net Sales $ 5,568 $ 5,901 $ 16,878 $ 17,355
Costs and Expenses        
Cost of products sold 3,772 3,887 11,602 11,757
Selling and administrative expenses 387 405 1,202 1,277
Depreciation, amortization and cost of timber harvested 327 335 963 990
Distribution expenses 395 397 1,168 1,166
Taxes other than payroll and income taxes 42 44 128 130
Restructuring and other charges, net 21 0 21 48
Net (gains) losses on sales and impairments of businesses 8 122 153 122
Litigation fines and settlements - antitrust 32 0 32 0
Interest expense, net 123 133 378 401
Non-operating pension expense 9 25 27 65
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings 452 553 1,204 1,399
Income tax provision (benefit) 137 83 371 302
Equity earnings (loss), net of taxes 27 92 221 257
Earnings (Loss) From Continuing Operations 342 562 1,054 1,354
Discontinued operations, net of taxes 0 0 0 345
Net Earnings (Loss) 342 562 1,054 1,699
Less: Net earnings (loss) attributable to noncontrolling interests (2) 0 (6) 3
Net Earnings (Loss) Attributable to International Paper Company $ 344 $ 562 $ 1,060 $ 1,696
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations $ 0.88 $ 1.38 $ 2.67 $ 3.28
Discontinued operations, net of taxes 0 0 0 0.84
Net earnings (loss) 0.88 1.38 2.67 4.12
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations 0.87 1.37 2.65 3.25
Discontinued operations, net of taxes 0 0 0 0.83
Net earnings (loss) $ 0.87 $ 1.37 $ 2.65 $ 4.08
Average Shares of Common Stock Outstanding – assuming dilution 395.4 411.4 399.6 416.3