-49-
EXHIBIT 11.2
Baxter International Inc. and Subsidiaries
Exhibit 11.2 - Computation of Fully Diluted Earnings per Common Share
- - ----------------------------------------------------------------------------------------------
(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
- - ----------------------------------------------------------------------------------------------
Net income available for common stock $176 $165 $334 $310
- - ----------------------------------------------------------------------------------------------
- - ----------------------------------------------------------------------------------------------
Shares
Weighted average number of common shares
outstanding 272 278 272 280
Additional shares assuming conversion of cumulative
convertible exchangeable preferred stock, exercise of
stock options, performance share awards and stock
purchase plan subscriptions 5 3 6 3
- - ----------------------------------------------------------------------------------------------
Average common shares and equivalents outstanding 277 281 278 283
- - ----------------------------------------------------------------------------------------------
- - ----------------------------------------------------------------------------------------------
Fully Diluted Earnings Per Common Share
Income from continuing operations $0.51 $0.41 $1.01 $0.75
Income from discontinued operations 0.12 0.18 0.19 0.34
- - ----------------------------------------------------------------------------------------------
Net income $0.63 $0.59 $1.20 $1.09
- - ----------------------------------------------------------------------------------------------
- - ----------------------------------------------------------------------------------------------