Exhibit 11.2 EARNINGS PER SHARE FULLY DILUTED COMPUTATION ($ in millions except share and per share amounts) Nine months ended March 31 1994 1993 Basis for computation of earnings per common and common equivalent shares: Earnings from continuing operations $114.9 $86.1 Deduct dividends on 4% preferred stock (.3) (.3) -------- -------- Earnings from continuing operations available to common shareholders 114.6 85.8 Discontinued operations (2.1) (2.9) Cumulative effects of accounting changes (80.6) -------- -------- Net earnings available to common shareholders $112.5 $2.3 ======== ======== Number of shares: Weighted average shares outstanding 76,750,855 76,219,714 Shares issuable upon exercise of stock options, net of shares assumed to be repurchased 1,039,980 1,123,946 ---------- ---------- Total common and common equivalent shares assuming full dilution 77,790,835 77,343,660 ========== ========== Earnings (loss) per common share: Continuing operations $1.48 $1.11 Discontinued operations (.03) (.04) Accounting charges (1.04) ------ ------ Net earnings $1.45 $.03 ====== ======