Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions |
3 Months Ended |
6 Months Ended |
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
| Net Sales |
$ 5,714
|
$ 5,899
|
$ 11,231
|
$ 11,623
|
| Costs and Expenses |
|
|
|
|
| Cost of products sold |
3,968
|
4,060
|
7,812
|
8,094
|
| Selling and administrative expenses |
403
|
436
|
809
|
864
|
| Depreciation, amortization and cost of timber harvested |
328
|
355
|
651
|
702
|
| Distribution expenses |
367
|
377
|
724
|
743
|
| Taxes other than payroll and income taxes |
44
|
48
|
88
|
94
|
| Restructuring and other charges |
194
|
307
|
194
|
806
|
| Interest expense, net |
144
|
164
|
281
|
307
|
| Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings |
266
|
152
|
672
|
13
|
| Income tax provision (benefit) |
110
|
22
|
240
|
(58)
|
| Equity earnings (loss), net of taxes |
62
|
41
|
97
|
8
|
| Earnings (Loss) From Continuing Operations |
218
|
171
|
529
|
79
|
| Discontinued operations, net of taxes |
0
|
(13)
|
0
|
(20)
|
| Net Earnings (Loss) |
218
|
158
|
529
|
59
|
| Less: Net earnings (loss) attributable to noncontrolling interests |
(9)
|
(3)
|
(11)
|
(7)
|
| Net Earnings (Loss) Attributable to International Paper Company |
$ 227
|
$ 161
|
$ 540
|
$ 66
|
| Basic Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders |
|
|
|
|
| Earnings (loss) from continuing operations |
$ 0.54
|
$ 0.40
|
$ 1.28
|
$ 0.20
|
| Discontinued operations, net of taxes |
0.00
|
(0.03)
|
0.00
|
(0.05)
|
| Net earnings (loss) |
0.54
|
0.37
|
1.28
|
0.15
|
| Diluted Earnings (Loss) Per Share Attributable to International Paper Company Common Shareholders |
|
|
|
|
| Earnings (loss) from continuing operations |
0.54
|
0.40
|
1.28
|
0.20
|
| Discontinued operations, net of taxes |
0.00
|
(0.03)
|
0.00
|
(0.05)
|
| Net earnings (loss) |
$ 0.54
|
$ 0.37
|
$ 1.28
|
$ 0.15
|
| Average Shares of Common Stock Outstanding - assuming dilution |
421.9
|
432.1
|
423.4
|
435.9
|
| Cash Dividends Per Common Share |
$ 0.4000
|
$ 0.3500
|
$ 0.8000
|
$ 0.7000
|
| Amounts Attributable to International Paper Company Common Shareholders |
|
|
|
|
| Earnings (loss) from continuing operations |
$ 227
|
$ 174
|
$ 540
|
$ 86
|
| Discontinued operations, net of taxes |
0
|
(13)
|
0
|
(20)
|
| Net Earnings (Loss) Attributable to International Paper Company |
$ 227
|
$ 161
|
$ 540
|
$ 66
|