Exhibit (11)
OWENS-CORNING FIBERGLAS CORPORATION AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
FOR THE YEARS ENDED DECEMBER 31, 1994, 1993 AND 1992
Primary:
1994 1993 1992
(In millions of dollars,
except share data)
Net income $ 159 $ 131 $ 73
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Weighted average number of shares
outstanding (thousands) 43,647 42,734 41,973
Weighted average common
equivalent shares (thousands):
Deferred awards 21 264 617
Stock options using weighted
average market price 541 595 423
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Primary weighted average number of
common shares outstanding and
common equivalent shares (thousands) 44,209 43,593 43,013
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Primary per share amount $ 3.61 $ 3.00 $ 1.70
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Fully Diluted:
Net income $ 168 $ 139 $ 82
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Weighted average number of shares
outstanding (thousands) 43,647 42,734 41,973
Weighted average common
equivalent shares (thousands):
Deferred awards 21 265 617
Stock options using the higher of
average market price or market
price at end of period 559 613 456
Shares from assumed conversion
of debt 5,798 5,798 5,798
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Fully diluted weighted average
number of common shares
outstanding and common
equivalent shares (thousands) 50,025 49,410 48,844
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Fully diluted per share amount $ 3.35 $ 2.81 $ 1.67
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