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Schering-Plough Reports Financial Results for Third Quarter of 2008
Date:10/21/2008

management in evaluating the performance of Schering-Plough's overall business. The effects of purchase accounting adjustments, special and acquisition-related items and other specified items have been excluded from Net income available to common shareholders and Diluted earnings per common share as management of Schering-Plough does not consider these items to be indicative of continuing operating results. Schering-Plough believes that these "As Reconciled" performance measures contribute to a more complete understanding by investors of the overall results of the company and enhances investor understanding of items that impact the comparability of results between fiscal periods. Net income available to common shareholders and Diluted earnings per common share, as reported, are required to be presented under U.S. GAAP.

Three months ended September 30, 2008

(unaudited)

-------------------------------------------------------

Special and

Purchase Acquisition- Other As

As Accounting Related Specified Reconciled

Reported Adjustments Items Items (1)

-------------------------------------------------------

Net sales $4,576 $- $- $- $4,576

Cost of sales 1,737 (221) - - 1,516

Selling, general

and administrative 1,660 (1) - - 1,659

Research and

development 893 (3) - - 890

Other expense/

(income), net (39) - - 160 121

Special and

acquisition-related

charges 101 - (101) - -


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SOURCE Schering-Plough Corporation
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