Exhibit 11
Page 1 of 2
COLGATE-PALMOLIVE COMPANY
COMPUTATION OF EARNINGS PER COMMON SHARE
Dollars in Millions Except Per Share Amounts
(Unaudited)
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Three Months Ended March 31,
1995 1994
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PRIMARY
Earnings:
Net income $156.5 $149.6
Deduct: Dividends on preferred shares,
net of income taxes 5.4 5.4
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Net income applicable to common shares $151.1 $144.2
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Shares (in millions):
Weighted average shares outstanding 144.5 147.8
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Earnings per common share, primary:
Net income per share $ 1.05 $ .98
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Exhibit 11
Page 2 of 2
COLGATE-PALMOLIVE COMPANY
COMPUTATION OF EARNINGS PER COMMON SHARE
Dollars in Millions Except Per Share Amounts
(Unaudited)
- - - --------------------------------------------------------------------------------
Three Months Ended March 31,
1995 1994
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ASSUMING FULL DILUTION
Earnings:
Net income $156.5 $149.6
Deduct: Dividends on preferred shares .1 .1
Deduct: Replacement funding resulting
from assumed conversion of Series B
Convertible Preference Stock, net of tax 1.8 2.1
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Net income applicable to common shares $154.6 $147.4
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Shares (in millions):
Weighted average number of common shares
outstanding 144.5 147.8
Add: Assumed exercise of options reduced
by the number of shares which could have
been purchased with the proceeds from
the exercise of such options 2.2 2.1
Add: Assumed conversion of Series B
convertible Preference Stock 12.2 12.3
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Weighted average number of common shares
outstanding, as adjusted 158.9 162.2
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Earnings per common share, assuming
full dilution:
Net income per share $ .97 $ .91
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