Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - INTERNATIONAL PAPER CO /NEW/ | ip-20150930exhibit311certi.htm |
| EX-12 - EXHIBIT 12 - INTERNATIONAL PAPER CO /NEW/ | ip-20150930exhibit12comput.htm |
| EX-31.2 - EXHIBIT 31.2 - INTERNATIONAL PAPER CO /NEW/ | ip-20150930exhibit312certi.htm |
| EX-32 - EXHIBIT 32 - INTERNATIONAL PAPER CO /NEW/ | ip-20150930exhibit32certif.htm |
| 10-Q - 10-Q - INTERNATIONAL PAPER CO /NEW/ | ip-9302015xform10xq.htm |
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, | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
Earnings (loss) from continuing operations | $ | 220 | $ | 339 | $ | 760 | $ | 425 | |||||||
Discontinued operations | — | 16 | — | (4 | ) | ||||||||||
Net earnings (loss) | 220 | 355 | 760 | 421 | |||||||||||
Effect of dilutive securities | — | — | — | — | |||||||||||
Net earnings - assuming dilution | $ | 220 | $ | 355 | $ | 760 | $ | 421 | |||||||
Average common shares outstanding | 415.1 | 425.3 | 418.7 | 429.9 | |||||||||||
Effect of dilutive securities | |||||||||||||||
Restricted stock performance share plan | 2.4 | 3.3 | 3.2 | 3.7 | |||||||||||
Stock options | — | — | — | 0.1 | |||||||||||
Average common shares outstanding - assuming dilution | 417.5 | 428.6 | 421.9 | 433.7 | |||||||||||
Earnings (loss) per common share from continuing operations | $ | 0.53 | $ | 0.80 | $ | 1.81 | $ | 0.99 | |||||||
Discontinued operations | — | 0.04 | — | (0.01 | ) | ||||||||||
Net earnings (loss) per common share | $ | 0.53 | $ | 0.84 | $ | 1.81 | $ | 0.98 | |||||||
Earnings (loss) per common share from continuing operations - assuming dilution | $ | 0.53 | $ | 0.79 | $ | 1.80 | $ | 0.98 | |||||||
Discontinued operations | — | 0.04 | — | (0.01 | ) | ||||||||||
Net earnings (loss) per common share - assuming dilution | $ | 0.53 | $ | 0.83 | $ | 1.80 | $ | 0.97 | |||||||
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. |