EX-11 2 exhibit11statementofcomput.htm EXHIBIT EXHIBIT 11 STATEMENT OF COMPUTATION OF PER SHARE EARNINGS (1) (1)

Exhibit 11

INTERNATIONAL PAPER COMPANY
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS (1)
(Unaudited)
(In millions, except per share amounts)

 
Three Months Ended
June 30,
 
Six Months Ended June 30,
 
2013
 
2012
 
2013
 
2012
Earnings (loss) from continuing operations
$
235

 
$
118

 
$
527

 
$
301

Discontinued operations
24

 
16

 
50

 
21

Net earnings (loss)
259

 
134

 
577

 
322

Effect of dilutive securities
—

 
—

 
—

 
—

Net earnings - assuming dilution
$
259

 
$
134

 
$
577

 
$
322

Average common shares outstanding
444.9

 
434.8

 
443.2

 
434.5

Effect of dilutive securities
 
 
 
 
 
 
 
Restricted stock performance share plan
3.3

 
3.4

 
4.3

 
4.8

Stock options
0.3

 
—

 
0.4

 
—

Average common shares outstanding - assuming dilution
448.5

 
438.2

 
447.9

 
439.3

Earnings (loss) per common share from continuing operations
$
0.53

 
$
0.27

 
$
1.19

 
$
0.69

Discontinued operations
0.05

 
0.04

 
0.11

 
0.05

Net earnings (loss) per common share
$
0.58

 
$
0.31

 
$
1.30

 
$
0.74

Earnings (loss) per common share from continuing operations - assuming dilution
$
0.52

 
$
0.27

 
$
1.18

 
$
0.68

Discontinued operations
0.05

 
0.04

 
0.11

 
0.05

Net earnings (loss) per common share - assuming dilution
$
0.57

 
$
0.31

 
$
1.29

 
$
0.73


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.