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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net Sales $ 5,714 $ 5,899 $ 11,231 $ 11,623
Costs and Expenses        
Cost of products sold 3,968 4,060 7,812 8,094
Selling and administrative expenses 403 436 809 864
Depreciation, amortization and cost of timber harvested 328 355 651 702
Distribution expenses 367 377 724 743
Taxes other than payroll and income taxes 44 48 88 94
Restructuring and other charges 194 307 194 806
Interest expense, net 144 164 281 307
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings 266 152 672 13
Income tax provision (benefit) 110 22 240 (58)
Equity earnings (loss), net of taxes 62 41 97 8
Earnings (Loss) From Continuing Operations 218 171 529 79
Discontinued operations, net of taxes 0 (13) 0 (20)
Net Earnings (Loss) 218 158 529 59
Less: Net earnings (loss) attributable to noncontrolling interests (9) (3) (11) (7)
Net Earnings (Loss) Attributable to International Paper Company $ 227 $ 161 $ 540 $ 66
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations $ 0.54 $ 0.40 $ 1.28 $ 0.20
Discontinued operations, net of taxes 0.00 (0.03) 0.00 (0.05)
Net earnings (loss) 0.54 0.37 1.28 0.15
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations 0.54 0.40 1.28 0.20
Discontinued operations, net of taxes 0.00 (0.03) 0.00 (0.05)
Net earnings (loss) $ 0.54 $ 0.37 $ 1.28 $ 0.15
Average Shares of Common Stock Outstanding - assuming dilution 421.9 432.1 423.4 435.9
Cash Dividends Per Common Share $ 0.4000 $ 0.3500 $ 0.8000 $ 0.7000
Amounts Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations $ 227 $ 174 $ 540 $ 86
Discontinued operations, net of taxes 0 (13) 0 (20)
Net Earnings (Loss) Attributable to International Paper Company $ 227 $ 161 $ 540 $ 66