<ARTICLE>                5
<LEGEND>
                                TIME WARNER INC.

                             FINANCIAL DATA SCHEDULE

         This schedule contains summary financial information extracted from the
financial statements of Time Warner Inc. for the year ended December 31, 1999
and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER>             1,000,000

                                         
<PERIOD-TYPE>                                 12-MOS
<FISCAL-YEAR-END>                             DEC-31-1999
<PERIOD-START>                                JAN-01-1999
<PERIOD-END>                                  DEC-31-1999
<CASH>                                              1,284
<SECURITIES>                                            0
<RECEIVABLES>                                       6,613
<ALLOWANCES>                                        1,682
<INVENTORY>                                         6,383
<CURRENT-ASSETS>                                    9,861
<PP&E>                                             14,325
<DEPRECIATION>                                      5,597
<TOTAL-ASSETS>                                     51,239
<CURRENT-LIABILITIES>                               9,670
<BONDS>                                            18,083
<COMMON>                                               13
<PREFERRED-MANDATORY>                                   0
<PREFERRED>                                             1
<OTHER-SE>                                          9,699
<TOTAL-LIABILITY-AND-EQUITY>                       51,239
<SALES>                                            27,333
<TOTAL-REVENUES>                                   27,333
<CGS>                                              13,649
<TOTAL-COSTS>                                      13,649
<OTHER-EXPENSES>                                        0
<LOSS-PROVISION>                                        0
<INTEREST-EXPENSE>                                  1,519
<INCOME-PRETAX>                                     3,500
<INCOME-TAX>                                        1,540
<INCOME-CONTINUING>                                 1,960
<DISCONTINUED>                                          0
<EXTRAORDINARY>                                        12
<CHANGES>                                               0
<NET-INCOME>                                        1,948
<EPS-BASIC>                                          1.50
<EPS-DILUTED>                                        1.42