| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
| 2015 | 2014 | 2015 | 2014 | ||||||||||||
| Earnings (loss) from continuing operations | $ | 227 | $ | 174 | $ | 540 | $ | 86 | |||||||
| Discontinued operations | — | (13 | ) | — | (20 | ) | |||||||||
| Net earnings (loss) | 227 | 161 | 540 | 66 | |||||||||||
| Effect of dilutive securities | — | — | — | — | |||||||||||
| Net earnings - assuming dilution | $ | 227 | $ | 161 | $ | 540 | $ | 66 | |||||||
| Average common shares outstanding | 420.0 | 428.9 | 420.6 | 432.2 | |||||||||||
| Effect of dilutive securities | |||||||||||||||
| Restricted stock performance share plan | 1.9 | 3.1 | 2.8 | 3.6 | |||||||||||
| Stock options | — | 0.1 | — | 0.1 | |||||||||||
| Average common shares outstanding - assuming dilution | 421.9 | 432.1 | 423.4 | 435.9 | |||||||||||
| Earnings (loss) per common share from continuing operations | $ | 0.54 | $ | 0.40 | $ | 1.28 | $ | 0.20 | |||||||
| Discontinued operations | — | (0.03 | ) | — | (0.05 | ) | |||||||||
| Net earnings (loss) per common share | $ | 0.54 | $ | 0.37 | $ | 1.28 | $ | 0.15 | |||||||
| Earnings (loss) per common share from continuing operations - assuming dilution | $ | 0.54 | $ | 0.40 | $ | 1.28 | $ | 0.20 | |||||||
| Discontinued operations | — | (0.03 | ) | — | (0.05 | ) | |||||||||
| Net earnings (loss) per common share - assuming dilution | $ | 0.54 | $ | 0.37 | $ | 1.28 | $ | 0.15 | |||||||
| (1) | Attributable to International Paper Company common shareholders. |
