Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2016

Segment data were as follows:



	For the Years Ended December 31,
(in millions)	2016		2015		2014
Net revenues:
European Union	$	27,129	$	26,563	$	30,517
Eastern Europe, Middle East & Africa	18,286		18,328		20,469
Asia	20,531		19,469		19,255
Latin America & Canada	9,007		9,548		9,865
Net revenues⁽¹⁾	$	74,953	$	73,908	$	80,106

⁽¹⁾ Total net revenues attributable to customers located in Indonesia, PMI’s largest market in terms of net revenues, were $7.7 billion, $7.1 billion and $7.2 billion for the years ended December 31, 2016, 2015 and 2014, respectively. Total net revenues attributable to customers located in Germany were $7.1 billion, $7.2 billion and $8.3 billion for the years ended December 31, 2016, 2015 and 2014, respectively.



	For the Years Ended December 31,
(in millions)	2016			2015			2014
Earnings before income taxes:
Operating companies income:
European Union	$	3,994		$	3,576		$	3,815
Eastern Europe, Middle East & Africa	3,016			3,425			4,033
Asia	3,196			2,886			3,187
Latin America & Canada	938			1,085			1,030
Amortization of intangibles	(74		)	(82		)	(93		)
General corporate expenses	(161		)	(162		)	(165		)
Less:
Equity (income)/loss in unconsolidated subsidiaries, net	(94		)	(105		)	(105		)
Operating income	10,815			10,623			11,702
Interest expense, net	(891		)	(1,008		)	(1,052		)
Earnings before income taxes	$	9,924		$	9,615		$	10,650

Depreciation Expense, Capital Expenditures, and Long-Lived Assets by Segment



	For the Years Ended December 31,
(in millions)	2016		2015		2014
Depreciation expense:
European Union	$	247	$	230	$	206
Eastern Europe, Middle East & Africa	150		163		212
Asia	184		184		278
Latin America & Canada	79		85		90
	660		662		786
Other	9		10		10
Total depreciation expense	$	669	$	672	$	796



	For the Years Ended December 31,
(in millions)	2016		2015		2014
Capital expenditures:
European Union	$	665	$	497	$	537
Eastern Europe, Middle East & Africa	223		147		216
Asia	180		185		272
Latin America & Canada	103		130		125
	1,171		959		1,150
Other	1		1		3
Total capital expenditures	$	1,172	$	960	$	1,153



	At December 31,
(in millions)	2016		2015		2014
Long-lived assets:
European Union	$	3,282	$	3,129	$	3,242
Eastern Europe, Middle East & Africa	866		743		836
Asia	1,916		1,743		1,838
Latin America & Canada	765		605		704
Total long-lived assets	6,829		6,220		6,620
Other	750		644		269
Total property, plant and equipment, net and Other assets	$	7,579	$	6,864	$	6,889