Exhibit 11.2 EARNINGS PER SHARE FULLY DILUTED COMPUTATION Years Ended June 30, 1997, 1996 and 1995 ($ in millions, except share and per share amounts) 1997 1996 1995 ------ ------ ------- Basis for computation of earnings per common and common equivalent shares: Earnings from continuing operations $185.7 $153.7 $136.7 Deduct dividends on 4 Percent cumulative preferred stock (.4) (.4) (.4) ------- ------- ------- Earnings from continuing operations available for common shareholders 185.3 153.3 136.3 Discontinued operations 4.4 58.2 43.6 ------- ------- ------- Available for common shareholders $189.7 $211.5 $179.9 ======= ======= ======= Number of common and common equivalent shares: Weighted average shares outstanding 73,837,424 75,183,729 76,687,154 Shares issuable upon exercise of stock options, net of shares assumed to be repurchased 1,334,525 1,309,994 1,089,504 ---------- ---------- ---------- 75,171,949 76,493,723 77,776,658 ========== ========== ========== Earnings per common and common equivalent share: Continuing operations $2.46 $2.00 $1.75 Discontinued operations .06 .76 .56 ------ ------ ------ Net earnings $2.52 $2.76 $2.31 ====== ====== ======