Exhibit 11.2
EARNINGS PER SHARE
FULLY DILUTED COMPUTATION
Years ended June 30, 1992, 1993, and 1994
($ in millions except per share amounts)
1994 1993 1992
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Basis for computation of earnings per
common and common equivalent shares:
Earnings (loss) from continuing operations $107.4 $(113.8) $128.8
Dividends on 4% cumulative preferred stock (.4) (.4) (.4)
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Earnings from continuing operations
available to common shareholders 107.0 (114.2) 128.4
Discontinued operations (3.6) (6.0) (1.3)
Cumulative effects of accounting changes (80.6)
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Net earnings (loss) available
to common shareholders $103.4 $(200.8) $127.1
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Number of common and common equivalent shares:
Weighted average shares outstanding 76,809,532 76,269,208 75,983,906
Shares issuable upon exercise of stock options,
net of shares assumed to be repurchased 882,368 1,139,460 1,880,014
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77,691,900 77,408,668 77,863,920
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Earnings (loss) per common and common
equivalent share:
Continuing operations $1.38 $(1.48) $1.65
Discontinued operations (.05) (.08) (.02)
Accounting changes (1.04)
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Net earnings (loss) $1.33 $(2.60) $1.63
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