Exhibit 11
INTERNATIONAL PAPER COMPANY
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS (1)
(Unaudited)
(In millions, except per share amounts)
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2010 | 2009 | 2010 | 2009 | |||||||||||||
Net earnings (loss) | $ | 397 | $ | 371 | $ | 328 | $ | 764 | ||||||||
Effect of dilutive securities | 0 | 0 | 0 | 0 | ||||||||||||
Net earnings (loss) – assuming dilution | $ | 397 | $ | 371 | $ | 328 | $ | 764 | ||||||||
Average common shares outstanding | 430.1 | 426.1 | 429.5 | 424.8 | ||||||||||||
Effect of dilutive securities | ||||||||||||||||
Restricted stock performance share plan | 3.7 | 2.6 | 4.3 | 1.8 | ||||||||||||
Stock options | 0 | 0 | 0 | 0 | ||||||||||||
Average common shares outstanding – assuming dilution | 433.8 | 428.7 | 433.8 | 426.6 | ||||||||||||
Basic earnings (loss) per common share | $ | 0.92 | $ | 0.87 | $ | 0.76 | $ | 1.80 | ||||||||
Diluted earnings (loss) per common share | $ | 0.91 | $ | 0.87 | $ | 0.76 | $ | 1.79 | ||||||||
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. |