-32- Baxter International Inc. and Subsidiaries Exhibit 11.2 - Computation of Fully Diluted Earnings per Common Share - ---------------------------------------------------------------------------------------------- (Unaudited - in millions, Three months ended Six months ended except per share data) September 30, September 30, 1995 1994 1995 1994 Net income available for common stock $163 $149 $473 $424 - ---------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------- Shares Weighted average number of common shares outstanding 275 283 278 279 Additional shares assuming exercise of stock options, performance share awards and stock purchase plan subscriptions 4 1 5 2 - ---------------------------------------------------------------------------------------------- Average common shares and equivalents outstanding 279 284 283 281 - ---------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------- Fully diluted earnings per common share $0.58 $0.52 $1.67 $1.51 - ---------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------