Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 8,447	$ 4,239
Receivables (less allowances of $30 in 2017 and $42 in 2016)	3,738	3,499
Inventories:
Leaf tobacco	2,606	2,498
Other raw materials	1,563	1,569
Finished product	4,637	4,950
Total inventory, net	8,806	9,017
Other current assets	603	853
Total current assets	21,594	17,608
Property, plant and equipment, at cost:
Land and land improvements	639	590
Buildings and building equipment	3,989	3,474
Machinery and equipment	8,976	7,366
Construction in progress	962	930
Total property, plant and equipment, at cost	14,566	12,360
Less: accumulated depreciation	7,295	6,296
Total property, plant and equipment, net	7,271	6,064
Goodwill	7,666	7,324
Other intangible assets, net	2,432	2,470
Investments in unconsolidated subsidiaries	1,074	1,011
Deferred income taxes	1,007	859
Other assets	1,924	1,515
Total Assets	42,968	36,851
Liabilities
Short-term borrowings	499	643
Current portion of long-term debt	2,506	2,573
Accounts payable	2,242	1,666
Accrued liabilities:
Marketing and selling	708	575
Taxes, except income taxes	5,324	6,204
Employment costs	856	800
Dividends payable	1,669	1,621
Other	1,346	1,553
Income taxes	812	832
Total current liabilities	15,962	16,467
Long-term debt	31,334	25,851
Deferred income taxes	799	1,897
Employment costs	2,271	2,800
Income taxes and other liabilities	2,832	736
Total liabilities	53,198	47,751
Contingencies
Stockholders’ (Deficit) Equity
Common stock, no par value (2,109,316,331 shares issued in 2017 and 2016)	0	0
Additional paid-in capital	1,972	1,964
Earnings reinvested in the business	29,859	30,397
Accumulated other comprehensive losses	(8,535)	(9,559)
Total stockholders' equity before treasury stock	23,296	22,802
Less: cost of repurchased stock (556,098,569 and 557,930,784 shares in 2017 and 2016, respectively)	35,382	35,490
Total PMI stockholders’ deficit	(12,086)	(12,688)
Noncontrolling interests	1,856	1,788
Total stockholders’ deficit	(10,230)	(10,900)
Total Liabilities and Stockholders’ (Deficit) Equity	$ 42,968	$ 36,851