Exhibit 11.3 EARNINGS PER SHARE PRIMARY COMPUTATION ($ in millions except share and per share amounts) Quarter ended December 31 1993 1992 ______________________________________________________________________________ Basis for computation of earnings per common and common equivalent shares: Earnings from continuing operations $ 36.7 $ 28.0 Deduct dividends on 4% preferred stock (.1) (.1) --------- --------- Earnings from continuing operations available to common shareholders 36.6 27.9 Discontinued operations (.7) (1.5) --------- --------- Net earnings available to common shareholders $ 35.9 $ 26.4 ========= ========= Number of shares: Weighted average shares outstanding 76,725,524 76,232,641 Shares issuable upon exercise of stock options, net of shares assumed to be repurchased 971,481 1,243,622 ------------ ------------ 77,697,005 77,476,263 ============ ============ Earnings per common share: Continuing operations $ .47 $ .36 Discontinued operations (.01) (.02) --------- --------- Net earnings $ .46 $ .34 ========= =========