Exhibit 11
BECTON, DICKINSON AND COMPANY
COMPUTATION OF EARNINGS PER SHARE
(All amounts in thousands, except per share data)
Nine Months Ended
June 30,
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PRIMARY EARNINGS PER SHARE 1995 1994
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Net income $ 165,123 $ 140,863
Less preferred stock dividends (2,706) (2,795)
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Net income applicable to common stock $ 162,417 $ 138,068
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Shares:
Average shares outstanding 67,557 72,658
Add dilutive stock equivalents from stock plans 2,046 990
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Weighted average number of common and common
equivalent shares outstanding during the year 69,603 73,648
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Earnings per share $ 2.33 $ 1.87
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FULLY DILUTED EARNINGS PER SHARE
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Net income applicable to common stock $ 162,417 $ 138,068
Add preferred stock dividends
using the "if converted" method 2,706 2,795
Less additional ESOP contribution, using
the "if converted" method (1,068) (1,159)
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Net income for fully diluted earnings per share $ 164,055 $ 139,704
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Shares:
Average shares outstanding 67,557 72,658
Add:
Dilutive stock equivalents from stock plans 2,484 1,369
Shares issuable upon conversion
of preferred stock 1,495 1,538
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Weighted average number of common shares used
in calculating fully diluted earnings per share 71,536 75,565
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Fully diluted earnings per share $ 2.29 $ 1.85
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