Exhibit 11
BECTON, DICKINSON AND COMPANY
COMPUTATION OF EARNINGS PER SHARE
(All amounts in thousands, except per share data)
Six Months Ended
March 31,
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PRIMARY EARNINGS PER SHARE 1995 1994
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Net income $ 98,473 $ 82,789
Less preferred stock dividends (1,812) (1,877)
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Net income applicable to common stock $ 96,661 $ 80,912
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Shares:
Average shares outstanding 67,938 73,165
Add dilutive stock equivalents from stock plans 1,859 983
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Weighted average number of common and common
equivalent shares outstanding during the year 69,797 74,148
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Earnings per share $ 1.38 $ 1.09
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FULLY DILUTED EARNINGS PER SHARE
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Net income applicable to common stock $ 96,661 $ 80,912
Add preferred stock dividends
using the "if converted" method 1,812 1,877
Less additional ESOP contribution, using
the "if converted" method (716) (767)
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Net income for fully diluted earnings per
share $ 97,757 $ 82,022
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Shares:
Average shares outstanding 67,938 73,165
Add:
Dilutive stock equivalents from stock plans 2,169 1,032
Shares issuable upon conversion
of preferred stock 1,506 1,557
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Weighted average number of common shares used
in calculating fully diluted earnings per
share 71,613 75,754
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Fully diluted earnings per share $ 1.37 $ 1.08
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