Exhibit 11.4 EARNINGS PER SHARE FULLY DILUTED COMPUTATION ($ in millions except share and per share amounts) Quarter ended March 31 1994 1993 Basis for computation of earnings per common and common equivalent shares: Earnings from continuing operations $42.9 $30.5 Deduct dividends on 4% preferred stock (.1) (.1) ------ ------ Earnings from continuing operations available to common shareholders 42.8 30.4 Discontinued operations (.6) (.9) ------ ------ Net earnings available to common shareholders $42.2 $29.5 ====== ====== Number of shares: Weighted average shares outstanding 76,909,643 76,425,696 Shares issuable upon exercise of stock options, net of shares assumed to be repurchased 1,039,980 1,123,947 ---------- ---------- Total common and common equivalent shares assuming full dilution 77,949,623 77,549,643 ========== ========== Earnings per common share: Continuing operations $.55 $.39 Discontinued operations (.01) (.01) ----- ----- Net earnings $.54 $.38 ===== =====