<TABLE>
Bausch & Lomb Incorporated
Exhibit 11
Statement Regarding Computation of Per Share Earnings
(Share Amounts in Thousands Except Per Share Data)
Three Months Ended Nine Months Ended
Sept. 23, Sept. 25, Sept. 23, Sept. 25,
2000 1999 2000 1999
<S> <C> <C> <C> <C>
Earnings (in millions)
Earnings from continuing
operations (a) $14.7 $41.6 $88.5 $85.5
Earnings from discontinued
operations (see
Footnote 1) (b) - 190.2 - 342.1
Net earnings $14.7 $231.8 $88.5 $427.6
Actual outstanding Common
and Class B shares at
beginning of period 53,310 57,420 57,376 56,529
Sum of weighted average
activity of Common and
Class B shares issued for
stock options, restricted
stock awards and
cancellations, and net
activity of shares held in
deferred compensation plan 53 57 (2,976) 669
Weighted Basic Shares (c) 53,363 57,477 54,400 57,198
Effect of assumed excercise
of
Common stock equivalents 579 1,385 766 1,497
Weighted diluted shares (d) 53,942 58,862 55,166 58,695
Basic Earnings Per Share:
Continuing Operations (a/c) $.28 $0.72 $1.63 $1.49
Discontinued
Operations (b/c) - 3.31 - 5.99
Net Earnings $.28 $4.03 $1.63 $7.48
Diluted Earnings Per Share:
Continuing Operations (a/d) $.27 $0.71 $1.60 $1.46
Discontinued
Operations (b/d) - 3.23 - 5.83
Net Earnings $.27 $3.94 $1.60 $7.29
1 Includes after-tax gain on disposal of discontinued operations.
</TABLE>
