Interim Financial Results (Note)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]


In millions, except per share amounts and stock prices	1st Quarter			2nd Quarter			3rd Quarter			4th Quarter			Year
2020
Net sales	$	5,352		$	4,866		$	5,123		$	5,239		$	20,580
Earnings (loss) from continuing operations before income taxes and equity earnings	(16)		(a)	261		(a)	282		(a)	123		(a)	650		(a)
Net earnings (loss) attributable to International Paper Company	(141)		(a-b)	266		(a-b)	204		(a-b)	153		(a-b)	482		(a-b)
Basic earnings (loss) per share attributable to International Paper Company common shareholders:	(0.36)			0.67			0.52			0.39			1.23
Diluted earnings (loss) per share attributable to International Paper Company common shareholders:	(0.36)			0.67			0.52			0.39			1.22
Dividends per share of common stock	0.5125			0.5125			0.5125			0.5125			2.0500
2019
Net sales	$	5,643		$	5,667		$	5,568		$	5,498		$	22,376
Earnings (loss) from continuing operations before income taxes and equity earnings	418		(c)	334		(c)	452		(c)	400		(c)	1,604		(c)
Net earnings (loss) attributable to International Paper Company	424		(c-d)	292		(c-e)	344		(c-e)	165		(c-d)	1,225		(c-e)
Basic earnings (loss) per share attributable to International Paper Company common shareholders:	1.06			0.74			0.88			0.42			3.10
Diluted earnings (loss) per share attributable to International Paper Company common shareholders:	1.05			0.73			0.87			0.42			3.07
Dividends per share of common stock	0.5000			0.5000			0.5000			0.5125			2.0125

Note: International Paper's common shares (symbol: IP) are listed on the New York Stock Exchange.

Note: Since basic and diluted earnings per share are computed independently for each period and category, full year per share amounts may not equal the sum of the four quarters.