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 1997 1996
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Net Income $210,927 $196,479
Less preferred stock dividends (2,549) (2,613)
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Net income applicable to common stock $208,378 $193,866
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Shares:
Average shares outstanding 122,653 127,516
Add dilutive stock equivalents from stock plans 6,420 6,142
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Weighted average number of common and common
equivalent shares outstanding during the year 129,073 133,658
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Earnings per share $1.61 $1.45
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FULLY DILUTED EARNINGS PER SHARE
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Net income applicable to common stock $208,378 $193,866
Add preferred stock dividends
using the "if converted" method 2,549 2,613
Less additional ESOP contribution, using
the "if converted" method (855) (963)
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Net income for fully diluted earnings per share $210,072 $195,516
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Shares:
Average shares outstanding 122,653 127,516
Add:
Dilutive stock equivalents from stock plans 7,044 6,338
Shares issuable upon conversion
of preferred stock 2,796 2,892
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Weighted average number of common shares used
in calculating fully diluted earnings per share 132,493 136,746
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Fully diluted earnings per share $1.59 $1.43
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