Other Comprehensive Income (Loss) Attributable to Noncontrolling Interest

[Table of Contents](#i988dd6b5140d4a1b8c6b4c50f020743f_10)[NOTE 4 EARNINGS PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS](#i988dd6b5140d4a1b8c6b4c50f020743f_160)  
Basic earnings per share is computed by dividing earnings by the weighted average number of common shares outstanding. Diluted earnings per share is computed assuming that all potentially dilutive securities were converted into common shares.  
There are no adjustments required to be made to net income for purposes of computing basic and diluted EPS.A reconciliation of the amounts included in the computation of basic earnings (loss) per share from continuing operations, and diluted earnings (loss) per share from continuing operations is as follows:   


|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| In millions, except per share amounts | 2021 |  | 2020 |  | 2019 |
| Earnings (loss) from continuing operations attributable to International Paper common shareholders | $ | 1,122  |  |  | $ | 230  |  |  | $ | 699  |  |
| Weighted average common shares outstanding | 389.4  |  |  | 393.0  |  |  | 395.3  |  |
| Effect of dilutive securities: |  |  |  |  |  |
| Restricted performance share plan | 3.0  |  |  | 2.7  |  |  | 3.5  |  |
| Weighted average common shares outstanding  – assuming dilution | 392.4  |  |  | 395.7  |  |  | 398.8  |  |
| Basic earnings (loss) per share from continuing operations | $ | 2.88  |  |  | $ | 0.59  |  |  | $ | 1.77  |  |
| Diluted earnings (loss) per share from continuing operations | $ | 2.86  |  |  | $ | 0.58  |  |  | $ | 1.75  |  |

  
  
[N](#i988dd6b5140d4a1b8c6b4c50f020743f_163)[OTE 5 OTHER COMPREHENSIVE INCOME](#i988dd6b5140d4a1b8c6b4c50f020743f_163)   
The following table presents changes in AOCI, net of tax, reported in the consolidated financial statements for the years ended December 31:

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
| In millions | 2021 | 2020 | 2019 |
| Defined Benefit Pension and Postretirement Adjustments |  |  |  |
| Balance at beginning of period | $ | (1,880) |  | $ | (2,277) |  | $ | (1,916) |  |
| Other comprehensive income (loss) before reclassifications | 713  |  | 227  |  | 2  |  |
| Reclassification of stranded tax effects | —  |  | —  |  | (527) |  |
| Reclassification related to Sylvamo Corporation spin-off | 80  |  | —  |  | —  |  |
| Amounts reclassified from accumulated other comprehensive income | 125  |  | 170  |  | 164  |  |
| Balance at end of period | (962) |  | (1,880) |  | (2,277) |  |
| Change in Cumulative Foreign Currency Translation Adjustments  |  |  |  |
| Balance at beginning of period | (2,457) |  | (2,465) |  | (2,581) |  |
| Other comprehensive income (loss) before reclassifications | (115) |  | (319) |  | 14  |  |
| Reclassification related to Sylvamo Corporation spin-off | 1,692  |  | —  |  | —  |  |
| Amounts reclassified from accumulated other comprehensive income | 184  |  | 327  |  | 102  |  |
| Other Comprehensive Income (Loss) Attributable to Noncontrolling Interest | 2  |  | —  |  | —  |  |
| Balance at end of period | (694) |  | (2,457) |  | (2,465) |  |
| Net Gains and Losses on Cash Flow Hedging Derivatives |  |  |  |
| Balance at beginning of period | (5) |  | 3  |  | (3) |  |
| Other comprehensive income (loss) before reclassifications | 3  |  | (34) |  | 4  |  |
| Reclassification of stranded tax effects | —  |  | —  |  | (2) |  |
| Reclassification related to Sylvamo Corporation spin-off | 1  |  | —  |  | —  |  |
| Amounts reclassified from accumulated other comprehensive income | (9) |  | 26  |  | 4  |  |
| Balance at end of period | (10) |  | (5) |  | 3  |  |
| Total Accumulated Other Comprehensive Income (Loss) at End of Period | $ | (1,666) |  | $ | (4,342) |  | $ | (4,739) |  |

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