BECTON, DICKINSON AND COMPANY Exhibit 11 COMPUTATION OF EARNINGS PER SHARE (All amounts in thousands, except per share data) Nine Months Ended June 30, --------------------------------------------- PRIMARY EARNINGS PER SHARE 1996 1995 - -------------------------- --------------------------------------------- Net income $ 196,479 $ 165,123 Less preferred stock dividends (2,613) (2,706) ----------------- ------------------ Net income applicable to common stock $ 193,866 $ 162,417 ================= ================== Shares: Average shares outstanding 63,758 67,557 Add dilutive stock equivalents from stock plans 3,071 2,046 ----------------- ------------------ Weighted average number of common and common equivalent shares outstanding during the year 66,829 69,603 ================= ================== Earnings per share $ 2.90 $ 2.33 ================= ================== FULLY DILUTED EARNINGS PER SHARE - -------------------------------- Net income applicable to common stock $ 193,866 $ 162,417 Add preferred stock dividends using the "if converted" method 2,613 2,706 Less additional ESOP contribution, using the "if converted" method (963) (1,068) ----------------- ------------------ Net income for fully diluted earnings per share $ 195,516 $ 164,055 ================= ================== Shares: Average shares outstanding 63,758 67,557 Add: Dilutive stock equivalents from stock plans 3,169 2,484 Shares issuable upon conversion of preferred stock 1,446 1,495 ----------------- ------------------ Weighted average number of common shares used in calculating fully diluted earnings per share 68,373 71,536 ================= ================== Fully diluted earnings per share $ 2.86 $ 2.29 ================= ==================

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