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 --------------------------------------------------------------------------------------------- 1995 ----------------------------- Primary Fully Diluted 1994 1993 1992 1991 ------------- ------------- ------------- ------------- ------------- ------------- Net income (loss) less dividends on preferred stock............... $3,283 $3,283 $2,717 $545 $(3,937) $1,393 Adjustments required for dividend equivalent payments and stock appreciation rights (net of tax).............................. - - - - - 1 Adjustment for interest, net of income tax, determined under "Modified Treasury Stock Method"........................... 467 447 - - - - ----------- ----------- ----------- ----------- ----------- ----------- Earnings (loss) applicable to common stock...................... $3,750 $3,730 $2,717 $545 $(3,937) $1,394 =========== =========== =========== =========== =========== =========== Average number of common shares outstanding (excludes treasury stock and the shares held by DuPont Flexitrust)........ 585,107,476 585,107,476 679,999,916 676,622,115 673,454,935 670,743,786 Adjustments required for common share equivalents: (1) shares awarded but undelivered under the Variable Compensation Plan, (2) shares held by the DuPont Flexitrust, and (3) shares assumed to be issued due to stock options and warrants, net of shares acquired (as determined under "Modified Treasury Stock Method" for 1995)............... 73,678,138 73,955,886 4,542,903 3,785,582 4,575,929 4,740,453 ----------- ----------- ----------- ----------- ----------- ----------- Adjusted average number of common shares and share equivalents...... 658,785,614 659,063,362 684,542,819 680,407,697 678,030,864 675,484,239 =========== =========== =========== =========== =========== =========== Earnings (loss) per share and share equivalents............. $ 5.69(a) $ 5.66(a) $ 3.97(b) $.80(b) $ (5.81)(a) $ 2.06(b) =========== =========== =========== =========== =========== =========== Earnings (loss) per share - as published......................... $ 5.61 $ 5.61 $ 4.00 $.81 $ (5.85) $ 2.08 =========== =========== =========== =========== =========== =========== ____________________ (a) Calculations are antidilutive. (b) Fully diluted.