EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE
WHIRLPOOL CORPORATION AND SUBSIDIARIES
(millions of dollars except earnings per share)
Three Months Ended
March 31
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1998 1997
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Basic:
Average Shares Outstanding 75.3 74.4
Earnings:
Continuing Operations $ 68.4 $ 42.5
Discontinued Operations 11.4 3.9
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Net Earnings $ 79.8 46.4
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Earnings Per Share from Continuing Operations $ 0.91 $ 0.57
Net Earnings Per Share $ 1.06 $ 0.62
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Diluted:
Average Shares Outstanding 75.3 74.4
Treasury Stock Method (a):
Stock Options 1.0 0.5
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Diluted Average Shares Outstanding 76.3 74.9
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Diluted Earnings:
Continuing Operations $ 68.4 $ 42.5
Discontinued Operations 11.4 3.9
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Diluted Net Earnings $ 79.8 $ 46.4
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Diluted Earnings Per Share from Continuing Operations $ 0.90 $ 0.57
Diluted Net Earnings Per Share $ 1.05 $ 0.62
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(a) Using the average market price per share of stock for the period.