Exhibit 11.3
EARNINGS PER SHARE
PRIMARY COMPUTATION
($ in millions except share and per share amounts)
Quarter Ended
December 31,
1995 1994
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Basis for computation of earnings per
common and common equivalent shares:
Earnings from continuing operations $ 38.3 $ 35.3
Deduct dividends on 4 Percent
cumulative preferred stock (.1) (.1)
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Earnings from continuing operations
available to common shareholders 38.2 35.2
Discontinued operations 19.0 4.5
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Available for common shareholders $ 57.2 $ 39.7
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Number of shares:
Weighted average shares outstanding 75,484,367 76,616,993
Shares issuable upon exercise of stock options,
net of shares assumed to be repurchased 913,383 632,325
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76,397,750 77,249,318
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Earnings per common share:
Continuing operations $ .52 $ .45
Discontinued operations .25 .06
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Net earnings $ .75 $ .51
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