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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 2,043 $ 2,154
Receivables (less allowances of $49 in 2014 and $53 in 2013) 3,785 3,853
Inventories:    
Leaf tobacco 3,316 3,709
Other raw materials 1,749 1,596
Finished product 2,914 4,541
Total inventory, net 7,979 9,846
Deferred income taxes 381 502
Other current assets 573 497
Total current assets 14,761 16,852
Property, plant and equipment, at cost 13,361 13,957
Less: accumulated depreciation 7,088 7,202
Total property, plant and equipment, net 6,273 6,755
Goodwill (Note 5) 8,707 8,893
Other intangible assets, net (Note 5) 3,134 3,193
Investments in unconsolidated subsidiaries (Note 16) 1,371 1,536
Other assets 1,155 939
TOTAL ASSETS 35,401 38,168
LIABILITIES    
Short-term borrowings (Note 12) 2,091 2,400
Current portion of long-term debt (Note 12) 1,357 1,255
Accounts payable 1,255 1,274
Accrued liabilities:    
Marketing and selling 587 503
Taxes, except income taxes 4,961 6,492
Employment costs 1,251 949
Dividends payable 1,568 1,507
Other 1,175 1,382
Income taxes 744 1,192
Deferred income taxes 128 112
Total current liabilities 15,117 17,066
Long-term debt (Note 12) 25,395 24,023
Deferred income taxes 1,709 1,477
Employment costs 1,250 1,313
Other liabilities 607 563
Total liabilities 44,078 44,442
Contingencies (Note 10)      
STOCKHOLDERS’ (DEFICIT) EQUITY    
Common stock, no par value (2,109,316,331 shares issued in 2014 and 2013) 0 0
Additional paid-in capital 692 723
Earnings reinvested in the business 29,192 27,843
Accumulated other comprehensive losses (5,022) (4,190)
Total stockholders' equity before treasury stock 24,862 24,376
Less: cost of repurchased stock (553,357,455 and 520,313,919 shares in 2014 and 2013, respectively) 34,974 32,142
Total PMI stockholders’ deficit (10,112) (7,766)
Noncontrolling interests 1,435 1,492
Total stockholders’ deficit (8,677) (6,274)
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY $ 35,401 $ 38,168