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EXHIBIT 11.1
Baxter International Inc. and Subsidiaries
Exhibit 11.1 - Computation of Primary Earnings per Common Share
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(Unaudited - in millions, except per share data) Three months ended Six months ended
June 30, June 30,
1996 1995 1996 1995
Earnings
Income from continuing operations applicable
to common stock $142 $114 $280 $212
Income from discontinued operations 34 51 54 98
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Net income available for common stock $176 $165 $334 $310
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Shares
Weighted average number of common
shares outstanding 272 278 272 280
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Primary Earnings Per Common Share
Income from continuing operations $0.52 $0.41 $1.03 $0.76
Income from discontinued operations 0.13 0.18 0.20 0.35
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Net income $0.65 $0.59 $1.23 $1.11
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