EXHIBIT 11
CUMMINS ENGINE COMPANY, INC.
SCHEDULE OF COMPUTATION OF PER SHARE EARNINGS FOR EACH OF THE THREE
YEARS ENDED DECEMBER 31, 1994
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(Millions, Except Per Share Data)
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Weighted Net
Average Earnings Calculated
Shares (Loss) Per Share
1994 ________ ________ _________
____
Earnings available for common stock
shareholders 41.2 $252.9 $6.14
Options .2 -
____ ______
Primary and fully diluted earnings
per share 41.4 $252.9 $6.11
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1993
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Earnings available for common stock
shareholders 34.9 $169.1 $4.85
Options .4 -
____ ______
Primary earnings per share 35.3 169.1 $4.79
Convertible preference stock 3.0 8.0
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Fully diluted earnings per share 38.3 $177.1 $4.63
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1992
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Earnings (loss) available for common
stock shareholders 32.9 $(197.5) $(6.01)
Options .4 -
____ ______
Primary earnings (loss) per share 33.3 (197.5) $(5.92)
Convertible preference stock 3.0 8.0
LYONs 1.1 3.3
Other - ( .4)
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Fully diluted earnings (loss) per share 37.4 $(186.6) $(4.99)
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