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 ======= =======