(FORTUNE Magazine) – To complete this list of the world's most admired companies, FORTUNE consulted a select group of experts--senior executives and outside board members of companies in each of the industries included, along with relevant Wall Street analysts. As with FORTUNE's list of America's most admired corporations (March 2 issue; available in the fortune.com archive), which is limited to companies based in the U.S., our global companies were rated according to eight criteria: overall management quality, product or service quality, innovativeness, acquiring and keeping talent, value as a long-term investment, financial strength, commitment to community and the environment, and use of corporate assets. To reflect this list's international scope, we have added a ninth category, global business acumen. A company's overall ranking is the average of the scores of all nine attributes. We have also added an all-star list, which appears in the accompanying story. To compile that list, we asked our panel of experts to name the five companies they admire most, in any industry and in any country; the top 25 vote-getters were named to the all-star roster.

HOW WE SELECTED THE INDUSTRIES

Working with the Hay Group, a worldwide, Philadelphia-based consulting firm, we divided the world's largest companies into 45 industries and then eliminated categories dominated by one country or with fewer than four companies. The result was 24 industries; new this year are two insurance groups and the retailing category.

Aerospace

1999 1998 Company SCORE 1 3 United Technologies 7.72 2 1 AlliedSignal 7.50 3 -- Bombardier 6.67 4 4 Textron 6.50 5 7 General Dynamics 6.38 6 6 British Aerospace 6.37 7 2 Boeing 6.34 8 9 Rolls-Royce 6.17 9 5 Lockheed Martin 6.13 10 -- B.F. Goodrich 5.99 11 8 Northrop Grumman 5.86 12 10 Thomson-CSF 5.75 13 11 Aerospatiale 5.71 14 -- Dassault Aviation 5.57 15 -- SNECMA 5.56

Airlines

1999 1998 Company SCORE 1 3 Southwest Airlines 7.24 2 -- Continental 6.95 3 6 British Airways 6.82 4 2 AMR (American) 6.76 5 14 SAirGroup (Swissair) 6.47 6 7 UAL 6.37 7 4 Lufthansa Group 6.36 8 1 KLM 6.26 9 9 Delta Air Lines 6.19 10 -- Qantas Airways 5.75 11 11 US Airways Group 5.73 12 8 Northwest Airlines 5.31 13 16 Air France Group 5.17 14 13 Japan Airlines 5.06 15 15 All Nippon Airways 4.81 16 -- SEPI (Iberia) 4.12

Beverages

1999 1998 Company SCORE 1 1 Coca-Cola 7.12 2 4 PepsiCo 7.11 3 3 Anheuser-Busch 6.64 4 6 Heineken 6.18 5 -- Carlsberg 5.97 6 5 Diageo 5.86 7 8 Asahi Breweries 5.82 8 2 Coca-Cola Enterprises 5.72 9 -- Whitbread 5.34 10 7 Bass 5.31 11 11 Kirin Brewery 5.29 12 -- Sapporo Breweries 5.26 13 -- South African Breweries 5.00 14 12 Allied Domecq 4.93 15 -- Scottish & Newcastle 4.66

Chemicals

1999 1998 Company SCORE 1 1 Du Pont 7.36 2 2 Dow Chemical 6.90 3 4 Bayer 6.32 4 -- Monsanto 6.11 5 5 BASF 6.07 6 6[1] Henkel 5.62 7 10 Akzo Nobel 5.59 8 7 Hoechst 5.58 9 6 Imperial Chem. Industries 5.25 10 13 Occidental Petroleum 5.19 11 11 Rhone-Poulenc 5.04 12 15 Asahi Chemical Industry 4.92 13 8 Norsk Hydro 4.90 14 12 Mitsubishi Chemical 4.81

Commercial Banks

1999 1998 Company SCORE 1 1 J.P. Morgan 6.74 2 3 Wells Fargo[2] 6.38 3 5 HSBC Holdings 6.35 4 4 Chase Manhattan 6.33 5 -- Bank One 6.27 6 -- Bank of America 6.09 7 -- UBS 5.98 8 7 Credit Suisse Group 5.96 9 6 ABN Amro Holding 5.93 10 8 Deutsche Bank 5.90 11 9 Societe Generale 5.26 12 11 Banque Nationale de Paris 5.25 13 10 Credit Agricole 5.09 14 13 Bank of Tokyo-Mitsubishi 4.58 15 15 Industrial Bank of Japan 4.50 16 14 Sanwa Bank 4.50 17 16 Fuji Bank 4.18

Computers

1999 1998 Company SCORE 1 1 Intel 8.73 2 2 Microsoft 8.12 3 4 EMC 7.89 4 7 IBM 7.81 5 5 Dell Computer 7.63 6 9 Sun Microsystems 7.46 7 6 Oracle 7.40 8 3 Hewlett-Packard 6.84 9 8 Texas Instruments 6.84 10 12 Gateway[3] 6.64 11 11 Seagate Technology 6.42 12 15 Apple Computer 6.12 13 13 Fujitsu 6.03 14 -- Quantum 5.85 15 10 Compaq Computer 5.51 16 -- Computer 2000 5.22

Electronics, Electrical Equipment

1999 1998 Company SCORE 1 1 General Electric 8.49 2 -- Lucent Technologies 7.69 3 -- Cisco Systems 7.46 4 2 Sony 7.21 5 3 ABB Asea Brown Boveri 6.80 6 4 L.M. Ericsson 6.69 7 -- Nortel Networks 6.68 8 5 Motorola 6.45 9 7 Matsushita Electric Inds. 6.05 10 8 Royal Philips Electronics 5.99 11 10 Toshiba 5.95 12 6 Siemens 5.91 13 9 NEC 5.82 14 11 Hitachi 5.50 15 14 Mitsubishi Electric 5.34 16 15 Samsung Electronics 5.29

Entertainment

1999 1998 Company SCORE 1 2 Time Warner 7.47 2 1 Walt Disney 6.87 3 3 Viacom 6.78 4 4 News Corp. 5.86 5 5 CBS 5.55 6 9[4] Seagram 5.00

Farm and Industrial Equipment

1999 1998 Company SCORE 1 1 Caterpillar 7.52 2 2 Deere 7.10 3 3 Ingersoll-Rand 6.86 4 8 Mannesmann 6.42 5 10 American Standard 6.32 6 4 Cummins Engine 6.24 7 11 Komatsu 6.12 8 9 Kubota 6.04 9 12 Mitsubishi Heavy Inds. 5.82 10 13 Thyssen Krupp[5] 5.71 11 5 Case 5.66 12 14[6] IRI 5.65 13 -- BTR Siebe[7] 5.57 14 15 Ishikawajima 5.29 15 -- Daewoo Heavy Industries 5.11

Food

1999 1998 Company SCORE 1 1 Nestle 7.16 2 4 Unilever 6.95 3 2 Bestfoods 6.66 4 8 H.J. Heinz 6.57 5 5 Conagra 6.50 6 6 Kellogg 6.46 7 9 Groupe Danone 6.37 8 7 Campbell Soup 6.23 9 10 Farmland Industries 6.13 10 3 Sara Lee 6.03 11 -- Ralston Purina 5.77 12 12 Nabisco Group Holdings[8] 5.71 13 13 Snow Brand Milk Products 5.67 14 11 IBP 5.45 15 14 Archer Daniels Midland 5.20

Food Services

1999 1998 Company SCORE 1 1 McDonald's 7.87 2 -- Brinker International 6.41 3 3 Tricon Global Restaurants 6.37 4 2 Darden Restaurants 5.79 5 4 Sodexho Alliance 5.51 6 6 Compass Group 5.47 7 5 Granada Group 5.25 8 -- Rank Group 5.02

Imaging and Office Equipment

1999 1998 Company SCORE 1 2 Xerox 7.58 2 1 3M 7.53 3 6 Fuji Photo Film 7.11 4 4 Canon 7.01 5 7 Eastman Kodak 6.48 6 9 Ricoh 6.23 7 10 Konica 5.44

Insurance: Life, Health[9]

1999 1998 Company SCORE 1 -- Northwestern Mutual Life 7.52 2 -- TIAA-CREF 6.77 3 -- Metropolitan Life 6.54 4 -- AXA 6.42 5 -- ING Group 6.18 6 -- Prudential (Britain) 6.17 7 -- Cigna 6.17 8 -- New York Life 6.09 9 -- Prudential of America 6.09 10 -- Fortis[10] 5.86 11 -- Nippon Life 5.31 12 -- CNP Assurances 5.23 13 -- Samsung Life 4.76 14 -- Dai-Ichi Mutual Life 4.65 15 -- Sumitomo Life 4.53 16 -- Meiji Life 4.52 17 -- Asahi Mutual Life 4.26

Insurance: Property, Casualty[9]

1999 1998 Company SCORE 1 1[11] Berkshire Hathaway 7.79 2 -- USAA 7.25 3 -- American Intl. Group 6.96 4 -- Hartford Financial Svcs. 6.67 5 -- State Farm Insurance 6.48 6 -- Swiss Reinsurance 6.33 7 -- Nationwide Ins. Enterprises 6.27 8 -- Allstate 6.21 9 -- Munich Re Group 5.94 10 -- Zurich Financial Services 5.87 11 -- Allianz 5.84 12 -- Liberty Mutual Group 5.80 13 -- Tokio Marine & Fire 5.57 14 -- Royal & Sun Alliance 5.47 15 -- CGU 5.39 16 -- Assicurazioni Generali 5.25 17 -- Loews 4.95

Mail, Pkg. and Freight Delivery

1999 1998 Company SCORE 1 1 United Parcel Service 8.06 2 2 FDX 6.70 3 -- TNT Post Group 6.27 4 4 Deutsche Post 5.52 5 3 Nippon Express 5.37 6 5 British Post Office 5.33 7 9 Pittston 4.93 8 7 Japan Postal Service 4.85 9 6 U.S. Postal Service 4.65 10 8 La Poste 4.35

Metals, Metal Products

1999 1998 Company SCORE 1 1 Fortune Brands 8.26 2 2 Alcoa 6.96 3 11 Pohang Iron & Steel 4.71 4 9 Kawasaki Steel 4.68 5 4 British Steel 4.63 6 5 Nippon Steel 4.56 7 13 Pechiney 4.54 8 7 Usinor 4.45 9 6 Kobe Steel 4.22 10 8 NKK 4.16 11 15 Sumitomo Electric Inds. 4.12 12 12 Sumitomo Metal Inds. 4.05 13 14 Mitsubishi Materials 3.97 14 -- Degussa-Huls[12] 3.84 15 17 Metallgesellschaft 3.57

Motor Vehicles

1999 1998 Company SCORE 1 5 Ford Motor 7.52 2 1 Toyota Motor 7.00 3 4 Honda Motor 6.32 4 2 DaimlerChrysler[13] 6.26 5 7 Volkswagen 6.00 6 3 BMW 5.88 7 6 General Motors 5.50 8 -- Mazda Motor 4.81 9 13 Renault 4.05 10 10 Fiat 3.82 11 14 PSA Peugeot Citroen 3.71 12 11 Nissan Motor 3.67 13 -- Isuzu Motors 3.67 14 12 Mitsubishi Motors 3.63 15 15 Daewoo 2.73

Petroleum Refining

1999 1998 Company SCORE 1 3 Exxon 7.77 2 4 BP Amoco[14] 7.61 3 2 Mobil 7.42 4 1 Royal Dutch/Shell Group 7.28 5 5 Chevron 6.88 6 7 Texaco 6.10 7 8 Total Fina[15] 5.94 8 9 USX 5.53 9 11 Elf Aquitaine 5.50 10 10 Eni 5.28 11 -- Atlantic Richfield 4.90 12 12 PDVSA 4.47 13 14 SK 4.32 14 -- Petrobras 4.31 15 -- Sinopec 3.77

Pharmaceuticals

1999 1998 Company SCORE 1 3 Merck 7.98 2 1 Pfizer 7.85 3 2 Bristol-Myers Squibb 7.33 4 4 Johnson & Johnson 7.27 5 6 Eli Lilly 7.00 6 9 Glaxo Wellcome 6.64 7 5 Warner-Lambert 6.61 8 7 Schering-Plough 6.48 9 8 Abbott Laboratories 6.41 10 10 Novartis 6.40 11 13 SmithKline Beecham 6.33 12 11 American Home Products 6.30 13 14 Pharmacia & Upjohn 6.02 14 12 Roche Holding 5.92 15 -- Takeda Chem. Industries 5.37

Publishing

1999 1998 Company SCORE 1 1 Tribune 7.85 2 -- New York Times 7.20 3 4 Bertelsmann 6.90 4 7 Reuters Group 6.75 5 2 Gannett 6.74 6 5 McGraw-Hill 6.54 7 8 Reed Elsevier 6.18 8 -- Thomson 6.02 9 3 Times Mirror 6.01 10 6 R.R. Donnelley & Sons 5.89 11 10 Lagardere Groupe 5.62 12 9 United News & Media 5.61

Retailers: General and Specialist[9]

1999 1998 Company SCORE 1 -- Home Depot 8.66 2 -- Wal-Mart Stores 7.95 3 -- Costco 7.22 4 -- Dayton Hudson 6.61 5 -- Marks & Spencer 6.12 6 -- Mycal 6.11 7 -- Otto Versand 6.00 8 -- May Department Stores 5.99 9 -- Daiei 5.91 10 -- Groupe Pinault-Printemps 5.83 11 -- Federated Dept. Stores 5.54 12 -- Karstadt 5.48 13 -- J.C. Penney 5.10 14 -- Sears Roebuck 5.04 15 -- Kmart 4.39

Securities, Diversified Financials

1999 1998 Company SCORE 1 3 American Express 7.52 2 4 Morgan Stanley 7.36 3 2 Merrill Lynch 7.35 4 -- Fannie Mae 7.29 5 -- Citigroup[16] 7.05 6 -- Freddie Mac 6.64 7 6 Bear Stearns 6.59 8 5 Lehman Brothers Hldgs. 5.94 9 7 Paine Webber Group 5.82 10 9 Nikko Securities 3.79 11 8 Nomura Securities 3.75 12 10 Daiwa Securities 3.55

Soap, Cosmetics

1999 1998 Company SCORE 1 1 Procter & Gamble 8.52 2 2 Gillette 7.59 3 4 Colgate-Palmolive 6.86 4 3 L'Oreal 6.53 5 5 Estee Lauder 6.49 6 7 Avon Products 5.84 7 8 Shiseido 5.67 8 10 Kao 5.56 9 9 LVMH 5.54 10 -- Beiersdorf 4.95 11 11 Reckitt & Colman 4.66 12 12 Kanebo 4.19

Telecommunications

1999 1998 Company SCORE 1 1 SBC Communications 6.68 2 2 BellSouth 6.39 3 11 AT&T 6.33 4 3 Sprint 6.30 5 -- MCI WorldCom[17] 6.20 6 6 Bell Atlantic 6.05 7 5 BT 5.97 8 7 Ameritech 5.79 9 12 GTE 5.63 10 8 France Telecom 5.55 11 9 Deutsche Telekom 5.37 12 4 Nippon Tel. & Tel. 5.36 13 -- Alcatel 5.29 14 10 Telefonica 5.23 15 -- Royal KPN 5.05 16 -- Telecom Italia 4.78

FOOTNOTES

-- Not ranked last year. [1]Rank last year in soaps, cosmetics. [2]Name changed from Norwest, Nov. 2, 1998. [3]Name changed from Gateway 2000, June 1, 1999. [4]Rank last year in beverages. [5]Name changed from Thyssen, March 17, 1999. [6]Rank last year in telecommunications. [7]Siebe acquired BTR (1998 rank: 14) and changed name, Feb. 4, 1999. [8]Name changed from RJR Nabisco Holdings, June 15, 1999. [9]New category. [10]Has been reclassified as a commercial bank since this survey was conducted. [11]Rank last year in securities, diversified financials. [12]Has been reclassified as a chemicals company since this survey was conducted. [13]Name changed from Daimler-Benz after acquiring Chrysler (1998 rank: 8), Nov. 12, 1998. [14]Name changed from British Petroleum after acquiring Amoco (1998 rank: 6), Dec. 31, 1998. [15]Name changed from Total, June 14, 1999. [16]Acquired Citicorp, a commercial bank (1998 rank: 2), Oct. 8, 1998. [17]Acquired MCI Communications (1998 rank: 13), Sept. 14, 1998.