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Segment Reporting
 6 Months Ended
Jun. 30, 2012
Segment Reporting [Abstract]  
Segment Reporting
Segment Reporting:
PMI’s subsidiaries and affiliates are engaged in the manufacture and sale of cigarettes and other tobacco products in markets outside of the United States of America. Reportable segments for PMI are organized and managed by geographic region. PMI’s reportable segments are European Union; Eastern Europe, Middle East & Africa; Asia; and Latin America & Canada.
PMI’s management evaluates segment performance and allocates resources based on operating companies income, which PMI defines as operating income before general corporate expenses and amortization of intangibles. Interest expense, net, and provision for income taxes are centrally managed and, accordingly, such items are not presented by segment since they are excluded from the measure of segment profitability reviewed by management.
 
Segment data were as follows:
 
(in millions)
 
For the Six Months Ended
June 30,
 
For the Three Months Ended
June 30,
 
 
2012
 
2011
 
2012
 
2011
Net revenues:
 
 
 
 
 
 
 
 
European Union
 
$
13,750

 
$
14,495

 
$
7,280

 
$
8,080

Eastern Europe, Middle East & Africa
 
9,131

 
8,274

 
5,062

 
4,603

Asia
 
10,494

 
9,434

 
5,317

 
5,146

Latin America & Canada
 
4,684

 
4,561

 
2,378

 
2,405

Net revenues
 
$
38,059

 
$
36,764

 
$
20,037

 
$
20,234

Earnings before income taxes:
 
 
 
 
 
 
 
 
Operating companies income:
 
 
 
 
 
 
 
 
European Union
 
$
2,147

 
$
2,286

 
$
1,117

 
$
1,280

Eastern Europe, Middle East & Africa
 
1,758

 
1,557

 
948

 
835

Asia
 
2,771

 
2,491

 
1,364

 
1,398

Latin America & Canada
 
486

 
519

 
249

 
268

Amortization of intangibles
 
(49
)
 
(48
)
 
(25
)
 
(24
)
General corporate expenses
 
(106
)
 
(86
)
 
(49
)
 
(45
)
Operating income
 
7,007

 
6,719

 
3,604

 
3,712

Interest expense, net
 
(422
)
 
(421
)
 
(209
)
 
(208
)
Earnings before income taxes
 
$
6,585

 
$
6,298

 
$
3,395

 
$
3,504


Items affecting the comparability of results from operations are asset impairment and exit costs. See Note 2. Asset Impairment and Exit Costs for a breakdown of these costs by segment.