<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL DATA EXTRACTED FROM SCHERING-PLOUGH CORPORATION CONSOLIDATED FINANCIAL STATEMENTS AND 10-K SCHEDULES FOR THE YEAR ENDED DECEMBER 31, 1997, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1000000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 714 <SECURITIES> 0 <RECEIVABLES> 645 <ALLOWANCES> 87 <INVENTORY> 713 <CURRENT-ASSETS> 2920 <PP&E> 3750 <DEPRECIATION> 1224 <TOTAL-ASSETS> 6507 <CURRENT-LIABILITIES> 2891 <BONDS> 46 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1015 <OTHER-SE> 1806 <TOTAL-LIABILITY-AND-EQUITY> 6507 <SALES> 6778 <TOTAL-REVENUES> 6778 <CGS> 1308 <TOTAL-COSTS> 1308 <OTHER-EXPENSES> 847 <LOSS-PROVISION> 17 <INTEREST-EXPENSE> 40 <INCOME-PRETAX> 1913 <INCOME-TAX> 469 <INCOME-CONTINUING> 1444 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1444 <EPS-PRIMARY> 1.97 <EPS-DILUTED> 1.95