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Exhibit 11
INTERNATIONAL PAPER COMPANY
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS (1)
(Unaudited)
(In millions, except per share amounts)
Three Months Ended March 31, | |||||||
2015 | 2014 | ||||||
Earnings (loss) from continuing operations | $ | 313 | $ | (88 | ) | ||
Discontinued operations | — | (7 | ) | ||||
Net earnings (loss) | 313 | (95 | ) | ||||
Effect of dilutive securities | — | — | |||||
Net earnings - assuming dilution | $ | 313 | $ | (95 | ) | ||
Average common shares outstanding | 421.2 | 435.6 | |||||
Effect of dilutive securities | |||||||
Restricted stock performance share plan | 2.5 | — | |||||
Stock options | — | — | |||||
Average common shares outstanding - assuming dilution | 423.7 | 435.6 | |||||
Earnings (loss) per common share from continuing operations | $ | 0.74 | $ | (0.20 | ) | ||
Discontinued operations | — | (0.01 | ) | ||||
Net earnings (loss) per common share | $ | 0.74 | $ | (0.21 | ) | ||
Earnings (loss) per common share from continuing operations - assuming dilution | $ | 0.74 | $ | (0.20 | ) | ||
Discontinued operations | — | (0.01 | ) | ||||
Net earnings (loss) per common share - assuming dilution | $ | 0.74 | $ | (0.21 | ) |
Note: If an amount does not appear in the above table, the security was antidilutive for the periods presented.
(1) | Attributable to International Paper Company common shareholders. |