Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 4,239	$ 3,417
Receivables (less allowances of $42 in 2016 and $58 in 2015)	3,499	2,778
Inventories:
Leaf tobacco	2,498	2,640
Other raw materials	1,569	1,613
Finished product	4,950	4,220
Total inventory, net	9,017	8,473
Deferred income taxes		488
Other current assets	853	648
Total current assets	17,608	15,804
Property, plant and equipment, at cost:
Land and land improvements	590	583
Buildings and building equipment	3,474	3,361
Machinery and equipment	7,366	6,978
Construction in progress	930	845
Total property, plant and equipment, at cost	12,360	11,767
Less: accumulated depreciation	6,296	6,046
Total property, plant and equipment, net	6,064	5,721
Goodwill	7,324	7,415
Other intangible assets, net	2,470	2,623
Investments in unconsolidated subsidiaries	1,011	890
Deferred income taxes	859
Deferred income taxes		360
Other assets	1,515	1,143
Total Assets	36,851	33,956
Liabilities
Short-term borrowings	643	825
Current portion of long-term debt	2,573	2,405
Accounts payable	1,666	1,289
Accrued liabilities:
Marketing and selling	575	640
Taxes, except income taxes	6,204	5,121
Employment costs	800	903
Dividends payable	1,621	1,589
Other	1,553	1,438
Income taxes	832	970
Deferred income taxes		206
Total current liabilities	16,467	15,386
Long-term debt	25,851	25,250
Deferred income taxes	1,897
Deferred income taxes		1,543
Employment costs	2,800	2,566
Other liabilities	736	687
Total liabilities	47,751	45,432
Contingencies
Stockholders’ (Deficit) Equity
Common stock, no par value (2,109,316,331 shares issued in 2016 and 2015)	0	0
Additional paid-in capital	1,964	1,929
Earnings reinvested in the business	30,397	29,842
Accumulated other comprehensive losses	(9,559)	(9,402)
Total stockholders' equity before treasury stock	22,802	22,369
Less: cost of repurchased stock (557,930,784 and 559,972,262 shares in 2016 and 2015, respectively)	35,490	35,613
Total PMI stockholders’ deficit	(12,688)	(13,244)
Noncontrolling interests	1,788	1,768
Total stockholders’ deficit	(10,900)	(11,476)
Total Liabilities and Stockholders’ (Deficit) Equity	$ 36,851	$ 33,956