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<PAGE> 1
Exhibit (11)
THE LTV CORPORATION
Calculation of Basic Earnings Per Share (EPS)
(Dollar amounts in millions except for EPS)
(Share data in thousands)
<TABLE>
<CAPTION>
Three Months Ended June 30,
------------------------------------------------------------------
2000 1999
-------------------------------- -------------------------------
Shares Amount EPS Shares Amount EPS
----------- --------- --------- ---------- -------- ---------
<S> <C> <C> <C> <C> <C> <C>
Net income (loss) $(272) $ (58)
Preferred stock dividend
requirements (2) -
--- --
$(274) $ (58)
====== ======
----------- ----------
Weighted average shares outstanding 100,117 100,034
=========== ==========
BASIC EARNINGS PER SHARE $ (2.74) $(0.58)
========= =========
</TABLE>
<TABLE>
<CAPTION>
Six Months Ended June 30,
-----------------------------------------------------------------
2000 1999
------------------------------- ------------------------------
Shares Amount EPS Shares Amount EPS
----------- --------- -------- ---------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
Net income (loss) $ (288) $ (87)
Preferred stock dividend
requirements (4) (1)
--- ---
$ (292) $ (88)
======= ======
----------- ----------
Weighted average shares outstanding 100,117 100,006
=========== ==========
BASIC EARNINGS PER SHARE $ (2.92) $(0.88)
======== ========
</TABLE>
<PAGE> 2
Exhibit (11)
THE LTV CORPORATION
Calculation of Diluted Earnings Per Share (EPS)
(Dollar amounts in millions except for EPS)
(Share data in thousands)
<TABLE>
<CAPTION>
Three Months Ended June 30,
------------------------------------------------------------------
2000 1999
------------------------------- --------------------------------
Shares Amount EPS Shares Amount EPS
---------- --------- --------- ----------- --------- ---------
<S> <C> <C> <C> <C> <C> <C>
Net income (loss) $ (272) $ (58)
Preferred stock dividend
requirements (2) -
--- --
$ (274) $ (58)
======= ======
---------- -----------
Weighted average shares outstanding 100,117 100,034
========== ===========
Common Stock equivalent shares
resulting from Stock Options
and Restricted Stock (A) - (A) -
Common Stock issuable upon
conversion of Series A and B
Preferred Stock (A) - (A) -
--------- ------- --------- ------
100,117 $ (274) 100,034 $ (58)
========= ======= ========= ======
DILUTED EARNINGS PER SHARE $ (2.74) $ (0.58)
========= =========
</TABLE>
<TABLE>
<CAPTION>
Six Months Ended June 30,
-------------------------------------------------------------------
2000 1999
-------------------------------- --------------------------------
Shares Amount EPS Shares Amount EPS
----------- --------- --------- ---------- --------- ----------
<S> <C> <C> <C> <C> <C> <C>
Net income (loss) $ (288) $ (87)
Preferred stock dividend
requirements (4) (1)
--- ---
$ (292) $ (88)
======= ======
----------- ----------
Weighted average shares outstanding 100,117 100,006
=========== ==========
Common Stock equivalent shares
resulting from Stock Options
and Restricted Stock (A) - (A) -
Common Stock issuable upon
conversion of Series A and B
Preferred Stock (A) - (A) -
---------- ------- --------- ------
100,117 $ (292) 100,006 $ (88)
========== ======= ========= ======
DILUTED EARNINGS PER SHARE $ (2.92) $(0.88)
========= ==========
</TABLE>
(A) Addition of these shares would result in antidilution.
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