Exhibit 11.2 EARNINGS PER SHARE FULLY DILUTED COMPUTATION ($ in millions except share and per share amounts) Six Months Ended December 31, 1995 1994 - -------------------------------------------------------------------- Basis for computation of earnings per common and common equivalent shares: Earnings from continuing operations $ 74.0 $ 65.8 Deduct dividends on 4 Percent cumulative preferred stock (.2) (.2) -------- -------- Earnings from continuing operations available to common shareholders 73.8 65.6 Discontinued operations 22.5 7.9 -------- -------- Available for common shareholders $ 96.3 $ 73.5 ======== ======== Number of shares: Weighted average shares outstanding 76,098,488 76,757,943 Shares issuable upon exercise of stock options, net of shares assumed to be repurchased 1,181,659 716,010 ---------- ---------- 77,280,147 77,473,953 ========== ========== Earnings per common share: Continuing operations $ .96 $.85 Discontinued operations .29 .10 ----- ----- Net earnings $1.25 $.95 ===== =====