EX-11 6 ip-20171231exhibit11earnin.htm EXHIBIT 11 Exhibit


Exhibit 11
INTERNATIONAL PAPER COMPANY
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS (a)
(Unaudited)
(In millions, except per share amounts)



In millions, except per share amounts
2017

 
2016

 
2015

 
Earnings (loss) from continuing operations
$
2,110

 
$
802

 
$
853

 
Discontinued operations
34

 
102

 
85

 
Net earnings (loss)
2,144

 
904

 
938

 
Effect of dilutive securities
—

 
—

 
—

 
Net earnings - assuming dilution
$
2,144

 
$
904

 
$
938

 
Average common shares outstanding
412.7

 
411.1

 
417.4

 
Effect of dilutive securities
 
 
 
 
 
 
Restricted stock performance share plan
5.0

 
4.5

 
3.2

 
Average common shares outstanding - assuming dilution
417.7

 
415.6

 
420.6

 
Earnings (loss) per common share from continuing operations
$
5.11

 
$
1.95

 
$
2.05

 
Discontinued operations
0.08

 
0.25

 
0.20

 
Net earnings (loss) per common share
$
5.19

 
$
2.20

 
$
2.25

 
Earnings (loss) per common share from continuing operations - assuming dilution
$
5.05

 
$
1.93

 
$
2.03

 
Discontinued operations
0.08

 
0.25

 
0.20

 
Net earnings (loss) per common share - assuming dilution
$
5.13

 
$
2.18

 
$
2.23

 

(a) Attributable to International Paper Company common shareholders.