Exhibit 11.4 EARNINGS PER SHARE FULLY DILUTED 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 1,772,926 1,181,659 ---------- ---------- 75,887,620 76,666,026 ========== ========== Earnings per common share: Continuing operations $ .59 $ .45 Discontinued operations (.02) .30 ------ ------ Net earnings $ .57 $ .75 ====== ======