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Consolidated Statement Of Operations (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Consolidated Statement Of Operations        
Net Sales $ 6,648 $ 6,121 $ 13,035 $ 11,928
Costs and Expenses        
Cost of products sold 4,880 4,490 9,505 8,954
Selling and administrative expenses 484 472 969 893
Depreciation, amortization and cost of timber harvested 336 363 676 734
Distribution expenses 361 330 701 647
Taxes other than payroll and income taxes 38 47 78 92
Restructuring and other charges (10) 144 35 359
Net (gains) losses on sales and impairments of businesses 129 0 137 0
Interest expense, net 137 157 273 306
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings 293 118 661 (57)
Income tax provision (benefit) 118 25 241 1
Equity earnings (losses), net of taxes 57 7 110 5
Earnings (Loss) From Continuing Operations 232 100 530 (53)
Discontinued operations, net of taxes 0 0 49 0
Net Earnings (Loss) 232 100 579 (53)
Less: Net earnings (loss) attributable to noncontrolling interests 8 7 13 16
Net Earnings (Loss) Attributable to International Paper Company 224 93 566 (69)
Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations $ 0.52 $ 0.22 $ 1.20 $ (0.16)
Discontinued operations, net of taxes $ 0.00 $ 0.00 $ 0.11 $ 0.00
Net earnings (loss) $ 0.52 $ 0.22 $ 1.31 $ (0.16)
Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations $ 0.52 $ 0.21 $ 1.19 $ (0.16)
Discontinued operations, net of taxes $ 0.00 $ 0.00 $ 0.11 $ 0.00
Net earnings (loss) $ 0.52 $ 0.21 $ 1.30 $ (0.16)
Average Shares of Common Stock Outstanding - assuming dilution 430.5 433.4 433.4 429.2
Cash Dividends Per Common Share $ 0.2625 $ 0.125 $ 0.4500 $ 0.150
Amounts Attributable to International Paper Company Common Shareholders        
Earnings (loss) from continuing operations 224 93 517 (69)
Discontinued operations, net of taxes 0 0 49 0
Net earnings (loss) $ 224 $ 93 $ 566 $ (69)