Indebtedness (Tables)

3 Months Ended

Mar. 31, 2012

Debt Disclosure [Abstract]

Long-Term Debt

At March 31, 2012 and December 31, 2011, PMI’s long-term debt consisted of the following:

(in millions)	March 31, 2012		December 31, 2011
U.S. dollar notes, 1.625% to 6.875% (average interest rate 4.810%), due through 2042	$	12,488	$	11,269
Foreign currency obligations:
Euro notes, 5.750% to 5.875% (average interest rate 5.813%), due through 2016	1,978		3,533
Swiss franc notes, 1.0% to 4.0% (average interest rate 2.799%), due through 2021	1,790		1,719
Other (average interest rate 2.930%), due through 2024	500		513
	16,756		17,034
Less current portion of long-term debt	1,410		2,206
	$	15,346	$	14,828