EXHIBIT 11 COMPUTATION OF PRIMARY AND FULLY DILUTED NET INCOME PER COMMON SHARE THREE MONTHS ENDED MARCH 31 (Dollars in millions, except per share data) 1995 1994 PRIMARY: Average shares outstanding 133,797,144 130,689,547 Net effect of the assumed purchase of stock under the stock option and stock purchase plans--based on the treasury stock method using average market price 1,748,589 1,660,432 135,545,733 132,349,979 Income from continuing operations $133.8 $111.9 Preferred dividends (1.9) (5.9) Income from continuing operations applicable to common equity $131.9 $106.0 Income from continuing operations per common share $0.97 $0.80 Loss from discontinued operations -- $(1.2) Loss from discontinued operations per common share -- $(0.01) Net income $133.8 $110.7 Preferred dividends (1.9) (5.9) Net income applicable to common equity $131.9 $104.8 Net income per common share $0.97 $0.79 FULLY DILUTED: * Average shares outstanding 133,797,144 130,689,547 Net effect of the assumed purchase of stock under the stock option and stock purchase plans--based on the treasury stock method using average market price or period-end market price, whichever is higher 2,151,338 1,791,484 Assumed conversion of Series 1991A Preferred Stock 3,655,684 3,655,684 139,604,166 136,136,715 Income from continuing operations $133.8 $111.9 Preferred dividends, excluding 1991A Preferred Stock -- (4.0) Income from continuing operations applicable to common equity $133.8 $107.9 Income from continuing operations per common share $0.96 $0.79 Loss from discontinued operations -- $(1.2) Loss from discontinued operations per common share -- $(0.01) Net income $133.8 $110.7 Preferred dividends, excluding 1991A Preferred Stock -- (4.0) Net income applicable to common equity $133.8 $106.7 Net income per common share $0.96 $0.78 *This calculation is submitted in accordance with Regulation S-K item 601(b)(11) although not required by footnote 2 to paragraph 17 of APB Opinion No. 15 because it results in dilution of less than 3%.