XML 71 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements Of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Income Statement [Abstract]    
Net revenues $ 17,779 $ 18,527
Cost of sales 2,374 2,489
Excise taxes on products 10,862 10,943
Gross profit 4,543 5,095
Marketing, administration and research costs 1,547 1,677
Asset impairment and exit costs (Note 2) 23 3
Amortization of intangibles 22 24
Operating income 2,951 3,391
Interest expense, net 268 236
Earnings before income taxes 2,683 3,155
Provision for income taxes 776 933
Equity (income)/loss in unconsolidated subsidiaries, net (9) 4
Net earnings 1,916 2,218
Net earnings attributable to noncontrolling interests 41 93
Net earnings attributable to PMI $ 1,875 $ 2,125
Per share data (Note 8):    
Basic earnings per share (in dollars per share) $ 1.18 $ 1.28
Diluted earnings per share (in dollars per share) $ 1.18 $ 1.28
Dividends declared (in dollars per share) $ 0.94 $ 0.85