Schering-Plough Reports Financial Results for 2007 Fourth Quarter,...(22 Net income available to common...)

Net income available

to common shareholders $182 $ - $ - $72 $254

Diluted earnings

per common share:

Earnings available to

common shareholders

before cumulative

effect of a change

in accounting

principle $ 0.12 $0.17

Cumulative effect of

a change in

accounting principle,

net of tax - -

Diluted earnings

per common share $ 0.12 $0.17

Average common

shares outstanding

-diluted 1,497 1,497

SCHERING-PLOUGH CORPORATION

Reconciliation from Reported Net (Loss)/Income Available to Common Shareholders and Reported Diluted (Loss)/Earnings Per Common Share to As Reconciled Amounts for Net (Loss)/Income

Available to Common Shareholders and Diluted (Loss)/Earnings per Common Share (unaudited)
(Amounts in Millions, except per share figures)

Twelve months ended December 31, 2007

Purchase Acquisition- Other

As Accounting Related Specified As

Reported Adjustments Items Items Reconciled

Net sales $12,690 $ - $ - $ - $12,690

Cost of sales 4,405 (326) - - 4,079

Selling, general

and administrative 5,468 - - - 5,468

Research and

development 2,926 - - (197) 2,729

Acquired in-process

research and

development 3,754 (3,754) - - -

Other (income)/

expense, net (683) - 537 -
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