Exhibit 11
Page 1 of 2
COLGATE-PALMOLIVE COMPANY
COMPUTATION OF EARNINGS PER COMMON SHARE
Dollars in Millions Except Per Share Amounts
(Unaudited)
--------------------------------------------------------------------------------
Three Months Ended Six Months Ended
June 30, June 30,
-------- --------
PRIMARY 1995 1994 1995 1994
---- ---- ---- ----
Earnings:
Net income $ 143.2 $ 142.5 $ 299.7 $ 292.1
Deduct: Dividends on preferred
shares, net of income taxes 5.4 5.4 10.8 10.8
--------- ---------- --------- --------
Net income applicable to common
shares $ 137.8 $ 137.1 $ 288.9 $ 281.3
========= ========== ========= ========
Shares (in millions):
Weighted average shares outstanding 145.1 146.8 144.8 147.3
========= ========== ========= ========
Earnings per common share, primary $ .95 $ .93 $ 2.00 $ 1.91
========= ========== ========= ========
Exhibit 11
Page 2 of 2
COLGATE-PALMOLIVE COMPANY
COMPUTATION OF EARNINGS PER COMMON SHARE
Dollars in Millions Except Per Share Amounts
(Unaudited)
--------------------------------------------------------------------------------------------------------
Three Months Ended Six Months Ended
June 30, June 30,
------- --------
1995 1994 1995 1994
---- ---- ---- ----
ASSUMING FULL DILUTION
Earnings:
Net income $ 143.2 $ 142.5 $ 299.7 $ 292.1
Deduct:
Dividends on preferred shares .1 .6 .3 1.0
Replacement funding resulting from
assumed conversion of Series B
Convertible Preference Stock, net of tax 1.7 1.7 3.4 3.5
--------- ---------- ---------- ----------
Net income applicable to common shares $ 141.4 $ 140.2 $ 296.0 $ 287.6
========= ========== ========== ==========
Shares (in millions):
Weighted average number of common shares
outstanding 145.1 146.8 144.8 147.3
Assumed conversion of options
reduced by the number of shares which
could have been purchased with the
proceeds from the exercise of such
options 2.6 1.4 2.5 1.6
Assumed conversion of Series B
Convertible Preference Stock 12.1 12.3 12.1 12.3
--------- ---------- ---------- ----------
Weighted average number of common shares
outstanding, as adjusted 159.8 160.5 159.4 161.2
========= ========== ========== ==========
Earnings per common share, assuming full
dilution $ .88 $ .87 $ 1.85 $ 1.78
========= ========== ========== ==========