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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net Sales $ 5,621 $ 5,132
Costs and Expenses    
Cost of products sold 3,948 3,638
Selling and administrative expenses 421 393
Depreciation, amortization and cost of timber harvested 325 320
Distribution expenses 366 348
Taxes other than payroll and income taxes 44 42
Restructuring and other charges 22 0
Net bargain purchase gain on acquisition of business 0 (6)
Interest expense, net 135 142
Non-operating pension expense 4 38
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings 356 217
Income tax provision (benefit) 89 73
Equity earnings (loss), net of taxes 95 48
Earnings (Loss) From Continuing Operations 362 192
Discontinued operations, net of taxes 368 17
Net Earnings (Loss) 730 209
Less: Net earnings (loss) attributable to noncontrolling interests 1 0
Net Earnings (Loss) Attributable to International Paper Company $ 729 $ 209
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders    
Earnings (loss) from continuing operations $ 0.87 $ 0.47
Discontinued operations, net of taxes 0.89 0.04
Net earnings (loss) 1.76 0.51
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders    
Earnings (loss) from continuing operations 0.86 0.46
Discontinued operations, net of taxes 0.88 0.04
Net earnings (loss) $ 1.74 $ 0.50
Average Shares of Common Stock Outstanding – assuming dilution 418.2 416.0
Cash Dividends Per Common Share $ 0.4750 $ 0.4625
Amounts Attributable to International Paper Company Common Shareholders    
Earnings (loss) from continuing operations $ 361 $ 192
Discontinued operations, net of taxes 368 17
Net Earnings (Loss) Attributable to International Paper Company $ 729 $ 209