Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - INTERNATIONAL PAPER CO /NEW/ | Financial_Report.xls |
| EX-32 - EXHIBIT 32 - INTERNATIONAL PAPER CO /NEW/ | ip-20140930exhibit32certif.htm |
| EX-31.2 - EXHIBIT 31.2 - INTERNATIONAL PAPER CO /NEW/ | ip-20140930exhibit312certi.htm |
| EX-31.1 - EXHIBIT 31.1 - INTERNATIONAL PAPER CO /NEW/ | ip-20140930exhibit311certi.htm |
| EX-10.1 - EXHIBIT 10.1 - INTERNATIONAL PAPER CO /NEW/ | ip20140930exhibit101revolver.htm |
| 10-Q - 10-Q - INTERNATIONAL PAPER CO /NEW/ | ip-9302014xform10xq.htm |
| EX-12 - EXHIBIT 12 - INTERNATIONAL PAPER CO /NEW/ | ip-20140930exhibit12comput.htm |
Exhibit 11
INTERNATIONAL PAPER COMPANY
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS (1)
(Unaudited)
(In millions, except per share amounts)
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||
Earnings (loss) from continuing operations | $ | 339 | $ | 387 | $ | 425 | $ | 909 | |||||||
Discontinued operations | 16 | (5 | ) | (4 | ) | 50 | |||||||||
Net earnings (loss) | 355 | 382 | 421 | 959 | |||||||||||
Effect of dilutive securities | — | — | — | — | |||||||||||
Net earnings - assuming dilution | $ | 355 | $ | 382 | $ | 421 | $ | 959 | |||||||
Average common shares outstanding | 425.3 | 445.9 | 429.9 | 444.1 | |||||||||||
Effect of dilutive securities | |||||||||||||||
Restricted stock performance share plan | 3.3 | 3.6 | 3.7 | 4.3 | |||||||||||
Stock options | — | 0.2 | 0.1 | 0.3 | |||||||||||
Average common shares outstanding - assuming dilution | 428.6 | 449.7 | 433.7 | 448.7 | |||||||||||
Earnings (loss) per common share from continuing operations | $ | 0.80 | $ | 0.87 | $ | 0.99 | $ | 2.05 | |||||||
Discontinued operations | 0.04 | (0.01 | ) | (0.01 | ) | 0.11 | |||||||||
Net earnings (loss) per common share | $ | 0.84 | $ | 0.86 | $ | 0.98 | $ | 2.16 | |||||||
Earnings (loss) per common share from continuing operations - assuming dilution | $ | 0.79 | $ | 0.86 | $ | 0.98 | $ | 2.03 | |||||||
Discontinued operations | 0.04 | (0.01 | ) | (0.01 | ) | 0.11 | |||||||||
Net earnings (loss) per common share - assuming dilution | $ | 0.83 | $ | 0.85 | $ | 0.97 | $ | 2.14 | |||||||
Note: If an amount does not appear in the above table, the security was antidilutive for the periods presented.
(1) | Attributable to International Paper Company common shareholders. |