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Consolidated Statement of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Net sales $ 7,090 $ 6,655
Costs and Expenses    
Cost of products sold 5,220 4,984
Selling and administrative expenses 567 513
Depreciation, amortization and cost of timber harvested 379 362
Distribution expenses 422 347
Taxes other than payroll and income taxes 49 41
Restructuring and other charges 59 34
Net (gains) losses on sales and impairments of businesses 0 (7)
Interest expense, net 164 [1] 168
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings 230 213
Income tax provision (benefit) (69) 70
Equity earnings (losses), net of taxes (10) 44
Earnings (loss) from continuing operations, including portion attributable to noncontrolling interest 289 187
Discontinued operations, net of taxes 26 5
Net Earnings (Loss) 315 192
Less: Net earnings (loss) attributable to noncontrolling interests (3) 4
Net Earnings (Loss) Attributable to International Paper Company 318 188
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders    
Earnings (loss) from continuing operations (usd per share) $ 0.66 $ 0.42
Discontinued operations, net of taxes (usd per share) $ 0.06 $ 0.01
Net earnings (loss) (usd per share) $ 0.72 $ 0.43
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders    
Earnings (loss) from continuing operations (usd per share) $ 0.65 $ 0.42
Discontinued operations, net of taxes (usd per share) $ 0.06 $ 0.01
Net earnings (loss) (usd per share) $ 0.71 $ 0.43
Average Shares of Common Stock Outstanding - assuming dilution (shares) 446.1 438.6
Cash Dividends Per Common Share (usd per share) $ 0.3000 $ 0.2625
Amounts Attributable to International Paper Company Common Shareholders    
Earnings (loss) from continuing operations 292 183
Discontinued operations, net of taxes 26 5
Net Earnings (Loss) Attributable to International Paper Company $ 318 $ 188
[1] Includes a gain of $6 million for interest related to the settlement of an IRS tax audit.