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Previous: AIR PRODUCTS & CHEMICALS INC /DE/, 10-K405, EX-10.17, 2000-12-18 |
Next: AIR PRODUCTS & CHEMICALS INC /DE/, 10-K405, EX-12, 2000-12-18 |
Exhibit 11
<TABLE>
<CAPTION>
COMPUTATION OF EARNINGS PER SHARE
(Millions of dollars, except per share)
Year Ended 30 September
----------------------------------------
2000 1999 1998
Earnings
<S> <C> <C> <C>
Income before cumulative effect of accounting changes $124 $451 $547
Cumulative effect of accounting changes 0 0 0
------------ ------------ ------------
Net Income $124 $451 $547
============ ============ ============
Basic shares
Average common shares outstanding during the year 213 212 216
============ ============ ============
Basic earnings per share
Income before cumulative effect of accounting changes $0.58 $2.12 $2.54
Cumulative effect of accounting changes 0 0 0
------------ ------------ ------------
Net Income $0.58 $2.12 $2.54
============ ============ ============
Diluted shares
Average common shares outstanding during the year 213 212 216
Shares issuable from stock option and award plans 3 4 4
------------ ------------ ------------
Adjusted average common shares outstanding 216 216 220
============ ============ ============
Diluted earnings per share
Income before cumulative effect of accounting changes $0.57 $2.09 $2.48
Cumulative effect of accounting changes 0 0 0
------------ ------------ ------------
Net income $0.57 $2.09 $2.48
============ ============ ============
</TABLE>
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