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EXHIBIT 11
THE GOODYEAR TIRE & RUBBER COMPANY AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
Set forth below are computations, made in accordance with subparagraph
(b)(11) of Item 601 of Regulation S-K of the Securities and Exchange Commission,
of earnings per share of the Common Stock, without par value, of Registrant for
each of the three years ended December 31, 1997, 1996 and 1995, respectively:
(DOLLARS IN MILLIONS, EXCEPT PER SHARE)
1997 1996 1995
---------- ----------- -----------
Basic:
Net Income............................................ $558.7 $101.7 $611.0
Weighted average number of common shares
outstanding.......................................... 156,225,112 155,051,802 152,118,861
Basic earnings per share.............................. $3.58 $.66 $4.02
Diluted:
Net Income............................................ $558.7 $101.7 $611.0
Adjusted average number of common shares
outstanding.......................................... 158,169,534 156,778,058 153,949,022
Diluted earnings per share............................ $3.53 $.65 $3.97
The foregoing computations do not reflect any significant potentially
dilutive effect Registrant's Preferred Stock Purchase Rights Plan could have in
the event such Rights become exercisable and any shares of either Series B
Preferred Stock or Common Stock of Registrant are issued upon the exercise of
such Rights. Reference is made to the Note 19, captioned "Preferred Stock
Purchase Rights Plan", in the Notes to Financial Statements set forth in Item 8
of the Registrant's Annual Report on Form 10-K for the year ended December 31,
1997, at page 52.
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