Exhibit 11.2
EARNINGS PER SHARE
FULLY DILUTED COMPUTATION
($ in millions, except share and per share amounts)
Six Months Ended
December 31,
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1996 1995
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Basis for computation of earnings per
common and common equivalent shares:
Earnings from continuing operations $ 81.0 $ 65.8
Deduct dividends on 4 Percent
cumulative preferred stock (.2) (.2)
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Earnings from continuing operations
available to common shareholders 80.8 65.6
Discontinued operations (2.1) 30.7
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Available for common shareholders $ 78.7 $ 96.3
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Number of shares:
Weighted average shares outstanding 74,173,030 76,098,488
Shares issuable upon exercise of
stock options,net of shares assumed
to be repurchased 1,772,927 1,181,659
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75,945,957 77,280,147
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Earnings per common share:
Continuing operations $ 1.07 $ .85
Discontinued operations (.03) .40
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Net earnings $ 1.04 $ 1.25
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