Attached files
Exhibit 11
INTERNATIONAL PAPER COMPANY
STATEMENT OF COMPUTATION OF PER SHARE EARNINGS (a)
(Unaudited)
(In millions, except per share amounts)
In millions, except per share amounts | 2017 | 2016 | 2015 | |||||||||
Earnings (loss) from continuing operations | $ | 2,110 | $ | 802 | $ | 853 | ||||||
Discontinued operations | 34 | 102 | 85 | |||||||||
Net earnings (loss) | 2,144 | 904 | 938 | |||||||||
Effect of dilutive securities | — | — | — | |||||||||
Net earnings - assuming dilution | $ | 2,144 | $ | 904 | $ | 938 | ||||||
Average common shares outstanding | 412.7 | 411.1 | 417.4 | |||||||||
Effect of dilutive securities | ||||||||||||
Restricted stock performance share plan | 5.0 | 4.5 | 3.2 | |||||||||
Average common shares outstanding - assuming dilution | 417.7 | 415.6 | 420.6 | |||||||||
Earnings (loss) per common share from continuing operations | $ | 5.11 | $ | 1.95 | $ | 2.05 | ||||||
Discontinued operations | 0.08 | 0.25 | 0.20 | |||||||||
Net earnings (loss) per common share | $ | 5.19 | $ | 2.20 | $ | 2.25 | ||||||
Earnings (loss) per common share from continuing operations - assuming dilution | $ | 5.05 | $ | 1.93 | $ | 2.03 | ||||||
Discontinued operations | 0.08 | 0.25 | 0.20 | |||||||||
Net earnings (loss) per common share - assuming dilution | $ | 5.13 | $ | 2.18 | $ | 2.23 | ||||||
(a) Attributable to International Paper Company common shareholders.