XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net revenues $ 20,638 $ 19,935 $ 56,513 $ 55,764
Cost of sales 2,735 2,432 7,431 6,892
Excise taxes on products 13,165 12,953 36,059 36,050
Gross profit 4,738 4,550 13,023 12,822
Marketing, administration and research costs 1,649 1,554 4,773 4,563
Amortization of intangibles 21 19 65 56
Operating income 3,068 2,977 8,185 8,203
Interest expense, net 223 220 655 690
Earnings before income taxes 2,845 2,757 7,530 7,513
Provision for income taxes 812 764 2,042 2,110
Equity (income)/loss in unconsolidated subsidiaries, net (12) (35) (57) (72)
Net earnings 2,045 2,028 5,545 5,475
Net earnings attributable to noncontrolling interests 75 90 204 219
Net earnings attributable to PMI $ 1,970 $ 1,938 $ 5,341 $ 5,256
Per share data:        
Basic earnings per share (in dollars per share) $ 1.27 $ 1.25 $ 3.43 $ 3.38
Diluted earnings per share (in dollars per share) 1.27 1.25 3.43 3.38
Dividends declared (in dollars per share) $ 1.07 $ 1.04 $ 3.15 $ 3.08