Indebtedness (Tables)

6 Months Ended

Jun. 30, 2012

Debt Disclosure [Abstract]

Long-Term Debt

At June 30, 2012 and December 31, 2011, PMI’s long-term debt consisted of the following:

(in millions)	June 30, 2012		December 31, 2011
U.S. dollar notes, 1.625% to 6.875% (average interest rate 4.810%), due through 2042	$	12,493	$	11,269
Foreign currency obligations:
Euro notes, 2.125% to 5.875% (average interest rate 4.227%), due through 2024	3,511		3,533
Swiss franc notes, 1.0% to 4.0% (average interest rate 2.801%), due through 2021	1,679		1,719
Other (average interest rate 3.303%), due through 2024	425		513
	18,108		17,034
Less current portion of long-term debt	3,284		2,206
	$	14,824	$	14,828