Earnings Per Share Attributable To International Paper Company Common Shareholders (Tables)

12 Months Ended

Dec. 31, 2011

Earnings Per Share Attributable To International Paper Company Common Shareholders [Abstract]


In millions, except per share amounts	2011		2010		2009
Earnings (loss) from continuing operations	$	1,273	$	691	$	686
Effect of dilutive securities (a)		0		0		0
Earnings (loss) from continuing operations – assuming dilution	$	1,273	$	691	$	686
Average common shares outstanding		432.2		429.8		425.3
Effect of dilutive securities (a):
Restricted performance share plan		4.8		4.4		2.7
Stock options (b)		0		0		0
Average common shares outstanding – assuming dilution		437.0		434.2		428.0
Basic earnings (loss) per common share from continuing operations	$	2.95	$	1.61	$	1.61
Diluted earnings (loss) per common share from continuing operations	$	2.92	$	1.59	$	1.61

(a)

Securities are not included in the table in periods when antidilutive.

(b)

Options to purchase 15.6 million, 18.2 million and 22.2 million shares for the years ended December 31, 2011, 2010 and 2009, respectively, were not included in the computation of diluted common shares outstanding because their exercise price exceeded the average market price of the Company's common stock for each respective reporting date.