Exhibit 11
Page 1 of 2
COLGATE-PALMOLIVE COMPANY
COMPUTATION OF EARNINGS PER COMMON SHARE
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Dollars in Millions Except Per Share Amounts
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
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PRIMARY 1996 1995 1996 1995
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Earnings:
Net income $ 148.9 $ 143.2 $ 292.4 $ 299.7
Deduct: Dividends on preferred
shares, net of income taxes 5.3 5.4 10.7 10.8
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Net income applicable to common
shares $ 143.6 $ 137.8 $ 281.7 $ 288.9
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Shares (in millions):
Weighted average shares outstanding 146.5 145.1 146.3 144.8
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Earnings per common share, primary $ .98 $ .95 $ 1.93 $ 2.00
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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,
-------- --------
1996 1995 1996 1995
---- ---- ---- ----
ASSUMING FULL DILUTION
Earnings:
Net income $ 148.9 $ 143.2 $ 292.4 $ 299.7
Deduct:
Dividends on preferred shares .1 .1 .3 .3
Replacement funding resulting from assumed
conversion of Series B Convertible
Preference Stock, net of tax 1.3 1.7 2.5 3.4
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Net income applicable to common shares $ 147.5 $ 141.4 $ 289.6 $ 296.0
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Shares (in millions):
Weighted average number of common shares
outstanding 146.5 145.1 146.3 144.8
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 2.6 2.6 2.5
Assumed conversion of Series B
Convertible Preference Stock 12.1 12.1 12.1 12.1
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Weighted average number of common shares
outstanding, as adjusted 161.2 159.8 161.0 159.4
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Earnings per common share, assuming full
dilution $.92 $.88 $1.80 $1.85
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