EX-11 2 ip-20150630exhibit11statem.htm EXHIBIT 11 ip-20150630exhibit11statementofcomput.htm

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,
 
2015
 
2014
 
2015
 
2014
Earnings (loss) from continuing operations
$
227

 
$
174

 
$
540

 
$
86

Discontinued operations
—

 
(13
)
 
—

 
(20
)
Net earnings (loss)
227

 
161

 
540

 
66

Effect of dilutive securities
—

 
—

 
—

 
—

Net earnings - assuming dilution
$
227

 
$
161

 
$
540

 
$
66

Average common shares outstanding
420.0

 
428.9

 
420.6

 
432.2

Effect of dilutive securities
 
 
 
 
 
 
 
Restricted stock performance share plan
1.9

 
3.1

 
2.8

 
3.6

Stock options
—

 
0.1

 
—

 
0.1

Average common shares outstanding - assuming dilution
421.9

 
432.1

 
423.4

 
435.9

Earnings (loss) per common share from continuing operations
$
0.54

 
$
0.40

 
$
1.28

 
$
0.20

Discontinued operations
—

 
(0.03
)
 
—

 
(0.05
)
Net earnings (loss) per common share
$
0.54

 
$
0.37

 
$
1.28

 
$
0.15

Earnings (loss) per common share from continuing operations - assuming dilution
$
0.54

 
$
0.40

 
$
1.28

 
$
0.20

Discontinued operations
—

 
(0.03
)
 
—

 
(0.05
)
Net earnings (loss) per common share - assuming dilution
$
0.54

 
$
0.37

 
$
1.28

 
$
0.15


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.