Exhibit 11
E. I. DU PONT DE NEMOURS AND COMPANY
CALCULATION OF EARNINGS PER SHARE
(Dollars in millions, except per share)
Years Ended December 31
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2002 2001 2000 1999 1998
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NUMERATOR:
Income from continuing operations before
cumulative effect of changes in accounting
principles and extraordinary item $ 1,841 $ 4,328 $ 2,314 $ 219 $ 1,648
Preferred dividends (10) (10) (10) (10) (10)
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Income from continuing operations available to
common stockholders before cumulative effect
of changes in accounting principles and
extraordinary item 1,831 4,318 2,304 209 1,638
Discontinued operations -- -- -- 7,471 3,033
Extraordinary item -- -- -- -- (201)
Cumulative effect of a change in accounting
principle (2,944) 11 -- -- --
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Net income (loss) available to common
stockholders (1,113) 4,329 2,304 7,680 4,470
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DENOMINATOR:
Weighted-average number of common shares-
Basic(1) 994,355,229 1,035,992,748 1,043,358,416 1,084,537,228 1,128,826,525
Assumed issuance of dilutive shares related to
dilutive options 4,381,811 5,171,881 7,684,108 13,433,101 16,520,503
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Weighted-average number of common shares-
Diluted 998,737,040 1,041,164,629 1,051,042,524 1,097,970,329 1,145,347,028
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BASIC EARNINGS (LOSS) PER SHARE OF COMMON
STOCK:
Income from continuing operations before
cumulative effect of changes in accounting
principles and extraordinary item $ 1.84 $ 4.17 $ 2.21 $ 0.19 $ 1.45
Discontinued operations -- -- -- 6.89 2.69
Extraordinary item -- -- -- -- (0.18)
Cumulative effect of a change in accounting
principle (2.96) 0.01 -- -- --
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Net income (loss) $ (1.12) $ 4.18 $ 2.21 $ 7.08 $ 3.96
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DILUTED EARNINGS (LOSS) PER SHARE OF
COMMON STOCK:
Income from continuing operations before
cumulative effect of changes in accounting
principles and extraordinary item $ 1.84 $ 4.15 $ 2.19 $ 0.19 $ 1.43
Discontinued operations -- -- -- 6.80 2.65
Extraordinary item -- -- -- -- (0.18)
Cumulative effect of a change in accounting
principle (2.95) 0.01 -- -- --
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Net income (loss) $ (1.11) $ 4.16 $ 2.19 $ 6.99 $ 3.90
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(1) Excludes treasury stock and shares held by the DuPont Flexitrust