BUSINESSWEEK ONLINE : NOVEMBER 29, 1999 ISSUE
COVER STORY

Philip Morris Is a Corporate Giant...


                1999*GROSS SALES   1999* OPERATING INCOME
                   (billions)          (billions)

TOBACCO**            $46.7               $10.2
KRAFT FOODS          27.4                  4.4
MILLER BREWING        4.3                  0.5
OTHER                 0.3                  0.2
TOTAL               $78.7                $15.4

* Estimate
**Includes excise taxes collected at point of sale and rebated to 
governments


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COVER IMAGE: Philip Morris

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CHART: ...With Sky-High Profits...

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Dismantling a Bunker Mentality

ONLINE ORIGINAL: Philip Morris Stock: Will It Catch a Spark--or Go Up in Smoke?



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