EXHIBIT 11.2 UNISYS CORPORATION STATEMENT OF COMPUTATION OF EARNINGS PER SHARE FOR THE THREE MONTHS ENDED JUNE 30, 1994 and 1993 (UNAUDITED) (Millions, except share data) 1994 1993 ---- ---- Primary Earnings Per Common Share Average Number of Outstanding Common Shares 170,746,889 162,468,876 Additional Shares Assuming Exercise of Stock Options 1,498,461 2,411,870 ----------- ---------- Average Number of Outstanding Common Shares and Common Share Equivalents 172,245,350 164,880,746 =========== =========== Net Income $ 49.9 $103.0 Dividends on Series A, B and C Preferred Stock (30.0) (30.6) ------ ------ Primary Earnings on Common Shares $ 19.9 $ 72.4 ====== ====== Primary Earnings Per Common Share $ .12 $ .44 ====== ====== Fully Diluted Earnings Per Common Share Average Number of Outstanding Common Shares and Common Share Equivalents 172,245,350 164,880,746 Additional Shares: Assuming Conversion of 8 1/4% Convertible Notes 33,697,762 33,699,634 Attributable to Stock Options 40,403 ----------- ----------- Common Shares Outstanding Assuming Full Dilution 205,943,112 198,620,783 =========== =========== Primary Earnings on Common Shares $ 19.9 $ 72.4 Interest Expense on 8 1/4% Convertible Notes, Net of Applicable Tax 4.5 4.5 ------ ------ Fully Diluted Earnings on Common Shares $ 24.4 $ 76.9 ====== ====== Fully Diluted Earnings Per Common Share $ .12 $ .39 ====== ======