EXHIBIT 11.1
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COMPUTATION OF PRIMARY EARNINGS PER COMMON SHARE
(In millions, except per share data)
Year ended
December 31,
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1996 1995 1994
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EARNINGS
Income from continuing operations $ 575 $ 371 $ 406
Total discontinued operations 94 278 190
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Net income available for common stock $ 669 $ 649 $ 596
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SHARES
Average common shares outstanding 272 277 280
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PRIMARY EARNINGS PER COMMON SHARE
INCOME FROM CONTINUING OPERATIONS $2.11 $1.34 $1.45
TOTAL DISCONTINUED OPERATIONS 0.35 1.01 0.68
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NET INCOME $2.46 $2.35 $2.13
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