EXHIBIT 11.2
EXHIBIT 11.2
AVON PRODUCTS, INC.
COMPUTATION OF FULLY DILUTED INCOME (LOSS) PER SHARE
(In millions, except per share data)
Years ended December 31
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1994 1993 1992
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Weighted average shares of common stock
Weighted average shares outstanding during
the year................................. 70.59 72.06 71.99
Common stock equivalents................... .19 .08 .11
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Weighted average shares for fully diluted
income per share computation............. 70.78 72.14 72.10
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Income applicable to common stock:
Income from continuing operations.......... $ 264.8 $236.9 $164.2
Discontinued operations, net............... (23.8) 2.7 10.8
Cumulative effect of accounting changes,
net of taxes............................. (45.2) (107.5) --
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Net income................................. $ 195.8 $ 132.1 $175.0
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Fully diluted income (loss) per share:
Continuing operations...................... $ 3.75 $ 3.28 $ 2.28
Discontinued operations.................... (.34) .04 .15
Cumulative effect of accounting changes.... (.64) (1.49) --
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Net income................................. $ 2.77 $ 1.83 $ 2.43
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