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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net Sales $ 5,352 $ 5,643
Costs and Expenses    
Cost of products sold 3,746 3,929
Selling and administrative expenses 418 413
Depreciation, amortization and cost of timber harvested 323 315
Distribution expenses 407 389
Taxes other than payroll and income taxes 44 43
Restructuring and other charges, net 8 0
Net (gains) losses on sales and impairments of businesses 344 (7)
Net (gains) losses on sales of equity method investments (33) 0
Interest expense, net 117 133
Non-operating pension expense (income) (6) 10
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings (16) 418
Income tax provision (benefit) 94 106
Equity earnings (loss), net of taxes (31) 114
Net Earnings (Loss) (141) 426
Less: Net earnings (loss) attributable to noncontrolling interests 0 2
Net Earnings (Loss) Attributable to International Paper Company $ (141) $ 424
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders    
Net earnings (loss) $ (0.36) $ 1.06
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders    
Net earnings (loss) $ (0.36) $ 1.05
Average Shares of Common Stock Outstanding – assuming dilution 392.6 403.2