Following is a reconciliation of basic and diluted earnings per common share for the respective years:

|
|
Fiscal Year |
| In millions, except per share amounts |
2000 |
1999 |
1998 |

|
| Numerator for earnings per common share calculation: |
|
| Net earnings |
$ 746.0 |
$ 635.1 |
$ 384.5 |
| Preference dividends, net of income tax benefit |
(14.6) |
(14.7) |
(13.6) |

|
| Net earnings available to common shareholders, basic |
$ 731.4 |
$ 620.4 |
$ 370.9 |

|
| Net earnings |
$ 746.0 |
$ 635.1 |
$ 384.5 |
| Effect of dilutive securities: |
|
| Dilutive earnings adjustments |
(0.7) |
- |
(0.8) |

|
| Net earnings available to common shareholders, diluted |
$ 745.3 |
$ 635.1 |
$ 383.7 |

|
| Denominator for earnings per common share calculation: |
|
| Weighted average common shares, basic |
391.0 |
391.3 |
387.1 |
| Effect of dilutive securities: |
|
| Preference stock |
10.8 |
10.7 |
10.5 |
| Stock options |
6.2 |
6.9 |
7.6 |

|
| Weighted average common shares, diluted |
408.0 |
408.9 |
405.2 |

|
| Basic earnings per common share: |
|
| Net earnings |
$ 1.87 |
$ 1.59 |
$ 0.96 |

|
| Diluted earnings per common share: |
|
| Net earnings |
$ 1.83 |
$ 1.55 |
$ 0.95 |

|