EXHIBIT 11 BORG WARNER SECURITY CORPORATION STATEMENT RE COMPUTATION OF PER SHARE EARNINGS Years Ended December 31, 1992, 1993, and 1994 Shares used in computation of per share earnings (Thousands) 1992 1993 1994 ------ ------ ------ Average common shares outstanding 18,847 22,272 22,893 Common stock equivalents 800 586 277 ------ ------ ------ Shares used for computation of per share earnings 19,647 22,858 23,170 ====== ====== ======