EARNINGS PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS (Note)

6 Months Ended

Jun. 30, 2022

NOTE 6 - EARNINGS PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS

Basic earnings per share is computed by dividing earnings by the weighted average number of common shares outstanding. Diluted earnings per share is 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 earnings per share. 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	2022		2021		2022		2021
Earnings (loss) from continuing operations attributable to International Paper Company common shareholders	$	511	$	308	$	871	$	575
Weighted average common shares outstanding	367.6		391.5		371.4		392.1
Effect of dilutive securities
Restricted performance share plan	3.1		5.3		4.3		5.6
Weighted average common shares outstanding – assuming dilution	370.7		396.8		375.7		397.7
Basic earnings (loss) per share from continuing operations	$	1.39	$	0.79	$	2.34	$	1.47
Diluted earnings (loss) per share from continuing operations	$	1.38	$	0.78	$	2.32	$	1.45