Interim Financial Results (Note)

12 Months Ended

Dec. 31, 2021

Quarterly Financial Information Disclosure [Abstract]


In millions, except per share amounts and stock prices	1st Quarter			2nd Quarter			3rd Quarter			4th Quarter			Year
2021
Net sales	$	4,593		$	4,770		$	4,914		$	5,086		$	19,363
Earnings (loss) from continuing operations before income taxes and equity earnings	306		(a)	252		(a)	397		(a)	44		(a)	999		(a)
Gain (loss) from discontinued operations	82		(b)	124		(b)	432		(b)	(8)		(b)	630		(b)
Net earnings (loss) attributable to International Paper Company	349		(a-c)	432		(a-d)	864		(a-c)	107		(a-c)	1,752		(a-d)
Basic earnings (loss) per share attributable to International Paper Company common shareholders:
Earnings (loss) from continuing operations	$	0.68		$	0.79		$	1.11		$	0.30		$	2.88
Gain (loss) from discontinued operations	0.21			0.31			1.11			(0.02)			1.62
Net earnings (loss)	0.89			1.10			2.22			0.28			4.50
Diluted earnings (loss) per share attributable to International Paper Company common shareholders:
Earnings (loss) from continuing operations	0.68			0.78			1.10			0.30			2.86
Gain (loss) from discontinued operations	0.20			0.31			1.10			(0.02)			1.61
Net earnings (loss)	0.88			1.09			2.20			0.28			4.47
Dividends per share of common stock	0.5125			0.5125			0.5125			0.4625			2.0000
2020
Net sales	$	4,450		$	4,299		$	4,376		$	4,440		$	17,565
Earnings (loss) from continuing operations before income taxes and equity earnings	(138)		(e)	241		(e)	202		(e)	24		(e)	329		(e)
Gain (loss) from discontinued operations	94		(f)	15		(f)	55		(f)	88		(f)	252		(f)
Net earnings (loss) attributable to International Paper Company	(141)		(e-g)	266		(e-g)	204		(e-g)	153		(e-g)	482		(e-g)
Basic earnings (loss) per share attributable to International Paper Company common shareholders:
Earnings (loss) from continuing operations	$	(0.59)		$	0.64		$	0.38		$	0.17		$	0.59
Gain (loss) from discontinued operations	0.23			0.03			0.14			0.22			0.64
Net earnings (loss)	(0.36)			0.67			0.52			0.39			1.23
Diluted earnings (loss) per share attributable to International Paper Company common shareholders:
Earnings (loss) from continuing operations	(0.59)			0.64			0.38			0.17			0.58
Gain (loss) from discontinued operations	0.23			0.03			0.14			0.22			0.64
Net earnings (loss)	(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

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. In addition, the unaudited selected consolidate financial data are derived from our audited consolidated financial statements and have been revised to reflect discontinued operations.