Consolidated Statement of Operations (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended	6 Months Ended
Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Net Sales	$ 7,077	$ 6,648	$ 13,732	$ 13,035
Costs and Expenses
Cost of products sold	5,270	4,880	10,254	9,505
Selling and administrative expenses	474	484	987	969
Depreciation, amortization and cost of timber harvested	366	336	728	676
Distribution expenses	448	361	795	701
Taxes other than payroll and income taxes	44	38	85	78
Restructuring and other charges	21	(10)	55	35
Net (gains) losses on sales and impairments of businesses	78	129	71	137
Interest expense, net	172	137	340	273
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings	204	293	417	661
Income tax provision (benefit)	57	118	127	241
Equity earnings (losses), net of taxes	(26)	52	18	117
Earnings (Loss) From Continuing Operations	121	227	308	537
Discontinued operations, net of taxes	16	0	21	49
Net Earnings (Loss)	137	227	329	586
Less: Net earnings (loss) attributable to noncontrolling interests	3	8	7	13
Net Earnings (Loss) Attributable to International Paper Company	134	219	322	573
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders
Earnings (loss) from continuing operations	$ 0.27	$ 0.51	$ 0.69	$ 1.22
Discontinued operations, net of taxes	$ 0.04	$ 0.00	$ 0.05	$ 0.11
Net earnings (loss)	$ 0.31	$ 0.51	$ 0.74	$ 1.33
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders
Earnings (loss) from continuing operations	$ 0.27	$ 0.51	$ 0.68	$ 1.21
Discontinued operations, net of taxes	$ 0.04	$ 0.00	$ 0.05	$ 0.11
Net earnings (loss)	$ 0.31	$ 0.51	$ 0.73	$ 1.32
Average Shares of Common Stock Outstanding - assuming dilution	438.2	430.5	439.3	433.4
Cash Dividends Per Common Share	$ 0.2625	$ 0.2625	$ 0.5250	$ 0.4500
Amounts Attributable to International Paper Company Common Shareholders
Earnings (loss) from continuing operations	118	219	301	524
Discontinued operations, net of taxes	16	0	21	49
Net Earnings (Loss) Attributable to International Paper Company	$ 134	$ 219	$ 322	$ 573

Total costs related to goods produced and sold during the reporting period; and the net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items.

No definition available.