Exhibit 11.4 EARNINGS PER SHARE FULLY DILUTED COMPUTATION ($ in millions except share and per share amounts) Quarter Ended December 31, 1994 1993 - ---------------------------------------------------------------------------------- Basis for computation of earnings per common and common equivalent shares: Earnings from continuing operations $ 40.6 $ 36.7 Deduct dividends on 4 Percent cumulative preferred stock (.1) (.1) ------- ------- Earnings from continuing operations available to common shareholders 40.5 36.6 Loss from discontinued operations (.8) (.7) ------- ------- Available for common shareholders $ 39.7 $ 35.9 ======= ======= Number of shares: Weighted average shares outstanding 76,616,993 76,725,524 Shares issuable upon exercise of stock options, net of shares assumed to be repurchased 716,011 990,497 ---------- ---------- Total common and common equivalent shares assuming full dilution 77,333,004 77,716,021 ========== ==========