EX-11 7 0007.txt EXHIBIT 11 (Exhibit 11) INTERNATIONAL PAPER COMPANY STATEMENT OF COMPUTATION OF PER SHARE EARNINGS (In millions, except per share amounts)
Year to Date December 31 ------------------------ 2000 1999 1998 ---- ---- ---- Net earnings $142 $183 $247 Effect of dilutive securities Preferred securities of subsidiary trust ---- ---- ---- Net earnings assuming dilution $142 $183 $247 ---- ---- ---- ---- ---- ---- Average common shares outstanding 449.6 413.0 411.0 Effect of dilutive securities Long-term incentive plan deferred compensation Stock options 0.4 3.1 3.2 Preferred securities of subsidiary trust Average common shares outstanding - ---- ---- ---- assuming dilution 450.0 416.1 414.2 ----- ----- ----- ----- ----- ----- Earnings per common share $0.32 $0.44 $0.60 ----- ----- ----- ----- ----- ----- Earnings per common share - assuming dilution $0.32 $0.44 $0.60 ----- ----- ----- ----- ----- -----
Note: if an amount does not appear in the above table, the security was antidilutive for the period presented.