EXHIBIT 11
AMERICAN BRANDS, INC.
Statement setting forth net income for computation of earnings per
Common share - primary and fully diluted:
Years Ended December 31,
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1993 1992 1991
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(In millions)
Income before cumulative effect of
accounting changes $668.2 $883.8 $806.1
Preferred stock dividend requirements 1.6 9.1 13.8
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Income before cumulative effect of
accounting changes for computing
earnings per Common share - Primary 666.6 874.7 792.3
Cumulative effect of accounting changes (198.4) - -
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Net income for computing earnings per
Common share - Primary 468.2 874.7 792.3
Interest expense and related charges on
Convertible debentures, net of income
taxes 21.3 22.1 26.2
Convertible Preferred stock dividend
requirements 1.6 1.8 2.1
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Net Income for computing earnings per
Common share - Fully diluted $491.1 $898.6 $820.6
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Statement setting forth computation of weighted average number of Common
shares outstanding on a fully diluted basis:
Years Ended December 31,
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1993 1992 1991
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(In millions, except
per share amounts)
Weighted average number of Common shares
outstanding during each year - Primary 201.8 204.0 202.6
Addition from assumed conversion as of
the beginning of each year of the
Convertible Preferred stock outstanding
at the end of each year 2.3 2.5 3.0
Addition from assumed conversion of
Convertible debentures 9.3 9.4 9.3
Other additions 0.3 1.5 4.8
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Weighted average number of Common shares
outstanding during each year on a
Fully diluted basis 213.7 217.4 219.7
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EARNINGS PER COMMON SHARE
Primary
Income before cumulative effect
of accounting changes $3.30 $4.29 $3.91
Cumulative effect of accounting
changes (.98) - -
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Net income $2.32 $4.29 $3.91
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Fully diluted
Income before cumulative effect
of accounting changes $3.23 $4.13 $3.74
Cumulative effect of accounting
changes (.94) - -
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Net income $2.29 $4.13 $3.74
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