Exhibit 11.4 EARNINGS PER SHARE FULLY DILUTED COMPUTATION ($ in millions except share and per share amounts) Quarter Ended December 31, 1995 1994 - ------------------------------------------------------------------------------------ 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) ------- ------- Earnings from continuing operations available to common shareholders 38.2 35.2 Discontinued operations 19.0 4.5 ------- ------- Available for common shareholders $ 57.2 $ 39.7 ======= ======= 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 1,181,659 716,011 ---------- ---------- 76,666,026 77,333,004 ========== ========== Earnings per common share: Continuing operations $ .50 $ .45 Discontinued operations .25 .06 ------- ------- Net earnings $ .75 $ .51 ======= =======