EARNINGS PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS Footnote

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Earnings Per Share [Note Text Block]

Basic earnings per common share are computed by dividing earnings by the weighted average number of common shares outstanding. Diluted earnings per common share are computed assuming that all potentially dilutive securities were converted into common shares. There are no adjustments required to be made to net income for purposes of computing basic and diluted EPS. A reconciliation of the amounts included in the computation of basic earnings (loss) per share, and diluted earnings (loss) per share is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
In millions, except per share amounts	2018		2017		2018		2017
Earnings (loss) from continuing operations attributable to International Paper Company common shareholders	$	428	$	84	$	789	$	276
Weighted average common shares outstanding	413.2		412.9		413.4		412.5
Effect of dilutive securities
Restricted stock performance share plan	4.5		3.5		5.4		4.2
Weighted average common shares outstanding – assuming dilution	417.7		416.4		418.8		416.7
Basic earnings (loss) per share from continuing operations	$	1.03	$	0.20	$	1.91	$	0.67
Diluted earnings (loss) per common share from continuing operations	$	1.02	$	0.20	$	1.88	$	0.66