Exhibit 11
Bausch & Lomb Incorporated
Statement Regarding Computation of Per Share Earnings (Dollar Amounts in Millions, Share Amounts in Thousands Except Per Share Data)
	Third Quarter Ended		Nine Months Ended
	------------------------------------------		------------------------------------------
	September 27, 2003	September 28, 2002	September 27, 2003	September 28, 2002
	------------------	------------------	-----------------	-----------------
Income From Continuing Operations    Before Cumulative Effect of Change       in Accounting Principle	$32.3	$9.4	$77.1	$40.1
Cumulative Effect of Change in       Accounting Principle, Net of Taxes	-	-	(0.9)	-
	-----------------	-----------------	-----------------	-----------------
Net Income (a)	$32.3	$9.4	$76.2	$40.1
	==========	==========	==========	==========
Actual outstanding Common and Class    B shares at beginning of period	53,159	53,915	53,894	53,614
Sum of weighted average activity 1	(431)	(62)	(681)	182
	-----------------	-----------------	-----------------	-----------------
Weighted Basic Shares (b)	52,728	53,853	53,213	53,796
Effect of assumed exercise of
Common stock equivalents	651	177	273	168
	-----------------	-----------------	-----------------	-----------------
Weighted Diluted Shares (c)	53,379	54,030	53,486	53,964
	==========	==========	==========	==========
Basic Earnings Per Share (a/b)	$   0.61	$   0.18	$  1.43	$  0.75
	==========	==========	==========	==========
Diluted Earnings Per Share  (a/c)	$   0.60	$   0.17	$ 1.42	$  0.74
	==========	==========	==========	==========

1     Includes activity of Common and Class B shares repurchased and issued for stock options, restricted stock awards and cancellations, and net activity of shares held in deferred compensation plan.