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Exhibit 11
Earnings Per Share
CORN PRODUCTS INTERNATIONAL, INC.
Computation of Net Income
Per Share of Common Stock
| Three Months Ended | ||||
| (All figures are in millions except per share data ) | March 31, 2004 | |||
| Average shares outstanding — Basic | 36.2 | |||
| Effect of dilutive securities: | ||||
| Stock options | 0.5 | |||
| Average shares outstanding — Assuming dilution | 36.7 | |||
| Net income | $ | 25.7 | ||
| Earnings per share: | ||||
| Basic | $ | 0.71 | ||
| Diluted | $ | 0.70 | ||