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

===== =====

Average shares

outstanding-

diluted 1,622 1,622

(1) "As Reconciled" to exclude purchase accounting adjustments, special

and acquisition-related items and other specified items.

(2) Diluted earnings per common share for the three month period ended

September 30, 2007 is calculated using a numerator of $731 million, which

is the arithmetic sum of net income available to common shareholders of

$713 million plus dividends of $18 million related to the 2004 preferred

stock which are dilutive, and a denominator of 1,622 which represents the

average diluted shares outstanding for the third quarter of 2007. The

2004 preferred stock was dilutive under accounting rules. The 2007

preferred stock was not dilutive for the three months ended September 30,

2007.

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)

Nine months ended September 30, 2008

(unaudited)

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

Special and

Purchase Acquisition- Other As

As Accounting Related Specified Reconciled

Reported Adjustments Items Items (1)

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

Net sales $14,154 $- $- $- $14,154

Cost of sales 5,782 (1,
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SOURCE Schering-Plough Corporation
Copyright©2008 PR Newswire.
All rights reserved

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