Exhibit 11.3 EARNINGS PER SHARE PRIMARY COMPUTATION ($ in millions, except share and per share amounts) Quarter Ended December 31, --------------------- 1996 1995 -------- ------- Basis for computation of earnings per common and common equivalent shares: Earnings from continuing operations $ 45.2 $ 34.7 Deduct dividends on 4 Percent cumulative preferred stock (.1) (.1) ------- ------- Earnings from continuing operations available to common shareholders 45.1 34.6 Discontinued operations (1.7) 22.6 ------- ------- Available for common shareholders $ 43.4 $ 57.2 ======= ======= Number of shares: Weighted average shares outstanding 74,114,694 75,484,367 Shares issuable upon exercise of stock options,net of shares assumed to be repurchased 1,680,717 913,383 ---------- ---------- 75,795,411 76,397,750 ========== ========== Earnings per common share: Continuing operations $ .59 $ .45 Discontinued operations (.02) .30 ------ ----- Net earnings $ .57 $ .75 ====== =====