EXHIBIT 11
BECTON, DICKINSON AND COMPANY
COMPUTATION OF EARNINGS PER SHARE
YEARS ENDED SEPTEMBER 30, 1997, 1996 AND 1995
(ALL AMOUNTS IN THOUSANDS, EXCEPT PER SHARE DATA)
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1997 1996 1995
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PRIMARY EARNINGS PER SHARE
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Net income......................................... $300,074 $283,447 $251,696
Less preferred stock dividends..................... (3,365) (3,484) (3,596)
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Net income applicable to common stock.............. $296,709 $279,963 $248,100
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Shares:
Average shares outstanding...................... 122,543 126,709 134,144
Add dilutive stock equivalents from stock plans. 6,429 6,086 4,258
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Weighted average number of common and common
equivalent shares outstanding during the year.. 128,972 132,795 138,402
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Earnings per share................................. $ 2.30 $ 2.11 $ 1.79
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FULLY DILUTED EARNINGS PER SHARE
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Net income applicable to common stock.............. $296,709 $279,963 $248,100
Add preferred stock dividends using the "if
converted" method................................. 3,365 3,484 3,596
Less additional ESOP contribution, using the "if
converted" method................................. (1,124) (1,288) (1,420)
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Net income for fully diluted earnings per share.... $298,950 $282,159 $250,276
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Shares:
Average shares outstanding...................... 122,543 126,709 134,144
Add:
Dilutive stock equivalents from stock plans... 6,488 6,667 5,450
Shares issuable upon conversion of preferred
stock........................................ 2,772 2,871 2,968
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Weighted average number of common shares used in
calculating fully diluted earnings per share... 131,803 136,247 142,562
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Fully diluted earnings per share................... $ 2.27 $ 2.07 $ 1.76
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