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Schering-Plough Reports Financial Results for 2009 Second Quarter
Date:7/21/2009

common and participating - diluted (2) 1,658 1,658 (1) "As Reconciled" to exclude purchase accounting adjustments, special, merger and acquisition-related items and other specified items. (2) Diluted EPS for the three months ended June 30, 2009 is calculated based on net income available to common shareholders and average diluted shares - common and participating - outstanding. For the three months ended June 30, 2009, approximately 91 million common shares obtainable upon conversion of Schering-Plough's 2007 mandatory convertible preferred stock were excluded from the computation of diluted EPS because their effect would have been antidilutive.

    SCHERING-PLOUGH CORPORATION

    Reconciliation from Reported Net Income Available to Common Shareholders
    and Reported Diluted Earnings Per Common Share to As Reconciled Amounts
    for Net Income Available to Common Shareholders and Diluted Earnings per
    Common Share
    (Amounts in Millions, except per share figures)

                                 Three months ended June 30, 2008
                                            (unaudited)
                                            -----------
                                              Special
                                 Purchase       and
                                Accounting  Acquisition-   Other      As
                         As      Adjust-      Related    Specified Reconciled
                      Reported    ments        Items       Items      (1)
                      --------    -----        -----       -----      ---
    Net sales           $4,921        $-           $-        $-    $4,921
    Cost of sales        1,908      (354)           -         -     1,554
    Selling,
     general and
    administrative       1,870         (1)           -         -     1,869
    Researc
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SOURCE Schering-Plough Corporation
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