EXHIBIT 11 BORG WARNER SECURITY CORPORATION STATEMENT RE COMPUTATION OF PER SHARE EARNINGS Years Ended December 31, 1993, 1994, and 1995 Shares used in computation of per share earnings (Thousands) 1993 1994 1995 ------ ------ ------ Average common shares outstanding 22,272 22,893 23,097 Common stock equivalents 586 277 302 ------ ------ ------ Shares used for computation of per share earnings 22,858 23,170 23,399 ====== ====== ======