International Paper (IP) 10-Q2017 Q2 Quarterly report

Filed: 4 Aug 17, 12:00am

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New words: acceleration, al, analyze, Beaumont, claim, complement, consequential, decided, discha, duration, emphasize, Euro, Europac, expand, explore, faster, gather, hand, healthy, heard, hearing, Hong, Huhtamaki, identical, Kong, longer, modification, momentum, Moroccan, nonpayment, object, OCC, Orange, plate, preliminarily, president, prevail, pursue, pursued, refund, rged, scope, shortfall, Signature, steady, Tangier, team, underfunded, zone

Removed: absence, affirmed, behalf, chain, Circuit, cutsize, deduction, detailed, discharged, effectively, erosion, fuel, Georgetown, inflation, petition, pretrial, purported, reduction, successful, tandem, treble, unspecified

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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 June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Earnings (loss) from continuing operations	$	80	$	40	$	289	$	379
Discontinued operations	—		—		—		(5		)
Net earnings (loss)	80		40		289		374
Effect of dilutive securities	—		—		—		—
Net earnings - assuming dilution	$	80	$	40	$	289	$	374
Average common shares outstanding	412.9		411.2		412.5		411.0
Effect of dilutive securities
Restricted stock performance share plan	3.5		3.5		4.2		4.1
Average common shares outstanding - assuming dilution	416.4		414.7		416.7		415.1
Earnings (loss) per common share from continuing operations	$	0.19	$	0.10	$	0.70	$	0.92
Discontinued operations	—		—		—		(0.01		)
Net earnings (loss) per common share	$	0.19	$	0.10	$	0.70	$	0.91
Earnings (loss) per common share from continuing operations - assuming dilution	$	0.19	$	0.10	$	0.69	$	0.91
Discontinued operations	—		—		—		(0.01		)
Net earnings (loss) per common share - assuming dilution	$	0.19	$	0.10	$	0.69	$	0.90

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.

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