<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BUSINESSES OF PACTIV CORPORATION FINANCIAL STATEMENTS 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> 12 <SECURITIES> 0 <RECEIVABLES> 279 <ALLOWANCES> 0 <INVENTORY> 429 <CURRENT-ASSETS> 866 <PP&E> 1,968 <DEPRECIATION> 572 <TOTAL-ASSETS> 4,588 <CURRENT-LIABILITIES> 920 <BONDS> 1,741 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2 <OTHER-SE> 1,348 <TOTAL-LIABILITY-AND-EQUITY> 4,588 <SALES> 2,921 <TOTAL-REVENUES> 2,921 <CGS> 2,030 <TOTAL-COSTS> 2,030 <OTHER-EXPENSES> 896 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 146 <INCOME-PRETAX> (159) <INCOME-TAX> (47) <INCOME-CONTINUING> (112) <DISCONTINUED> (193) <EXTRAORDINARY> (7) <CHANGES> (32) <NET-INCOME> (344) <EPS-BASIC> (2.05) <EPS-DILUTED> (2.05)