Exhibit 11.3 EARNINGS PER SHARE PRIMARY COMPUTATION ($ in millions except share and per share amounts) Quarter Ended March 31, 1995 1994 - ---------------------------------------------------------------------- Basis for computation of earnings per common and common equivalent shares: Earnings from continuing operations $ 48.1 $ 42.9 Deduct dividends on 4 Percent cumulative preferred stock (.1) (.1) -------- -------- Earnings from continuing operations available to common shareholders 48.0 42.8 Loss from discontinued operations (1.1) (.6) -------- -------- Available for common shareholders $ 46.9 $ 42.2 ======== ======== Number of shares: Weighted average shares outstanding 76,528,138 76,909,643 Shares issuable upon exercise of stock options, net of shares assumed to be repurchased 748,236 980,825 ---------- ---------- 77,276,374 77,890,468 ========== ========== Earnings per common share: Continuing operations $ .62 $ .55 Discontinued operations (.01) (.01) ------- ------- Net earnings $ .61 $ .54 ======= =======