Exhibit 11.1
EARNINGS PER SHARE
PRIMARY COMPUTATION
($ in millions except share and per share amounts)
Six Months Ended
December 31,
1994 1993
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Basis for computation of earnings per
common and common equivalent shares:
Earnings from continuing operations $ 75.3 $ 72.0
Deduct dividends on 4 Percent
cumulative preferred stock (.2) (.2)
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Earnings from continuing operations
available to common shareholders 75.1 71.8
Loss from discontinued operations (1.6) (1.5)
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Available for common shareholders $ 73.5 $ 70.3
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Number of shares:
Weighted average shares outstanding 76,757,943 76,671,461
Shares issuable upon exercise of stock options,
net of shares assumed to be repurchased 645,205 860,860
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77,403,148 77,532,321
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Earnings per common share:
Continuing operations $ .97 $ .93
Discontinued operations (.02) (.02)
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Net earnings $ .95 $ .91
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