Exhibit No. 11(a)
Computation for Primary Earnings Per Share
For the Three Months Ended March 31, 1996 and 1995
(amounts in millions except for per-share data)
Unaudited
Three Months Ended
March 31
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1996 1995
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Common Stock and Common Stock Equivalents
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Average number of common shares
outstanding including shares
issuable under stock options 37.5 37.5
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Earnings Per Share from Continuing
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Businesses
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Earnings from continuing businesses $36.3 $26.5
Less:
Dividend requirement on Series A
convertible preferred stock 4.4 4.7
Plus:
Tax benefit on dividends paid on unallocated
preferred shares 1.0 1.1
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Earnings from continuing businesses $32.9 $22.9
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Earnings from continuing businesses per
share of common stock $ .88 $ .61
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Net Earnings Per Share
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Net earnings $36.3 $34.4
Less:
Dividend requirement on Series A
convertible preferred stock 4.4 4.7
Plus:
Tax benefit on dividends applicable
to unallocated preferred shares 1.0 1.1
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Net earnings applicable to common stock $32.9 $30.8
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Net earnings per share of common stock $ .88 $ .82
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25