Baxter International Inc. and Subsidiaries
Exhibit 11.2 - Computation of Fully Diluted Earnings Per Common Share
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(Unaudited) (in millions, except per share data) Three Months Ended
March 31,
1996 1995
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EARNINGS
Income from continuing operations applicable
to common stock $138 $98
Income from discontinued operations 20 47
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Net income available for common stock $158 $145
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SHARES
Weighted average number of common shares
outstanding 272 281
Additional shares assuming exercise of
stock options, performance share awards and stock
purchase plan subscriptions 5 3
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Average common shares and equivalents outstanding 277 284
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FULLY DILUTED EARNINGS PER COMMON SHARE
Income from continuing operations $0.50 $0.34
Income from discontinued operations 0.07 0.17
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Net income $0.57 $0.51
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32