EX-11 2 ip-20180331exhibit11statem.htm EXHIBIT 11 Exhibit

Exhibit 11

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

 
Three Months Ended
March 31,
 
 
2018
 
2017
 
Earnings (loss) from continuing operations
$
361

 
$
192

 
Discontinued operations
368

 
17

 
Net earnings (loss)
729

 
209

 
Effect of dilutive securities
—

 
—

 
Net earnings - assuming dilution
$
729

 
$
209

 
Average common shares outstanding
413.5

 
412.1

 
Effect of dilutive securities
 
 
 
 
Restricted stock performance share plan
4.7

 
3.9

 
Average common shares outstanding - assuming dilution
418.2

 
416.0

 
Earnings (loss) per common share from continuing operations
$
0.87

 
$
0.47

 
Discontinued operations
0.89

 
0.04

 
Net earnings (loss) per common share
$
1.76

 
$
0.51

 
Earnings (loss) per common share from continuing operations - assuming dilution
$
0.86

 
$
0.46

 
Discontinued operations
0.88

 
0.04

 
Net earnings (loss) per common share - assuming dilution
$
1.74

 
$
0.50

 

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.