Attached files
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, |
||||||||||||
| 2009 | 2008 | 2009 | 2008 | ||||||||||
| Earnings from continuing operations |
$ | 371 | $ | 149 | $ | 764 | $ | 527 | |||||
| Discontinued operations |
— | — | — | (18 | ) | ||||||||
| Net earnings |
371 | 149 | 764 | 509 | |||||||||
| Effect of dilutive securities |
— | — | — | — | |||||||||
| Net earnings – assuming dilution |
$ | 371 | $ | 149 | $ | 764 | $ | 509 | |||||
| Average common shares outstanding |
426.1 | 421.2 | 424.8 | 421.0 | |||||||||
| Effect of dilutive securities |
|||||||||||||
| Restricted stock performance share plan |
2.6 | 2.2 | 1.8 | 3.2 | |||||||||
| Stock options |
— | — | — | — | |||||||||
| Average common shares outstanding |
428.7 | 423.4 | 426.6 | 424.2 | |||||||||
| Earnings per common share from continuing |
$ | 0.87 | $ | 0.35 | $ | 1.80 | $ | 1.25 | |||||
| Discontinued operations |
— | — | — | (0.04 | ) | ||||||||
| Net earnings per common share |
$ | 0.87 | $ | 0.35 | $ | 1.80 | $ | 1.21 | |||||
| Earnings per common share from continuing |
$ | 0.87 | $ | 0.35 | $ | 1.79 | $ | 1.24 | |||||
| Discontinued operations |
— | — | — | (0.04 | ) | ||||||||
| Net earnings per common share – assuming dilution |
$ | 0.87 | $ | 0.35 | $ | 1.79 | $ | 1.20 | |||||
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. |