EX-11 6 exhibit11.txt STATEMENT RE COMPUTATION OF PER SHARE EARNINGS Exhibit 11 COMPUTATION OF EARNINGS PER SHARE (Millions of dollars, except per share)
Year Ended 30 September -------------------------------------- 2001 2000 1999 Earnings Income before cumulative effect of accounting changes $466 $124 $451 Cumulative effect of accounting changes 0 0 0 -------- -------- -------- Net Income $466 $124 $451 ======== ======== ======== Basic shares Average common shares outstanding during the year 215 213 212 ======== ======== ======== Basic earnings per share Income before cumulative effect of accounting changes $2.17 $0.58 $2.12 Cumulative effect of accounting changes 0 0 0 -------- -------- -------- Net Income $2.17 $0.58 $2.12 ======== ======== ======== Diluted shares Average common shares outstanding during the year 215 213 212 Shares issuable from stock option and award plans 5 3 4 -------- -------- -------- Adjusted average common shares outstanding 220 216 216 ======== ======== ======== Diluted earnings per share Income before cumulative effect of accounting changes $2.12 $0.57 $2.09 Cumulative effect of accounting changes 0 0 0 -------- -------- -------- Net income $2.12 $0.57 $2.09 ======== ======== ========