Exhibit 11.2
EARNINGS PER SHARE
FULLY DILUTED COMPUTATION
($ in millions except share and per share amounts)
Six Months Ended
December 31,
1994 1993
- ----------------------------------------------------------------------------------
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)
-------- --------
Earnings from continuing operations
available to common shareholders 75.1 71.8
Loss from discontinued operations (1.6) (1.5)
-------- --------
Available for common shareholders $ 73.5 $ 70.3
======== ========
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 716,010 990,497
---------- ----------
Total common and common equivalent
shares assuming full dilution 77,473,953 77,661,958
========== ==========
Earnings per common share:
Continuing operations $ .97 $ .93
Discontinued operations (.02) (.02)
------- -------
Net earnings $ .95 $ .91
======= =======