Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 4,008	$ 6,593
Trade receivables (less allowances of $25 in 2019 and $25 in 2018)	3,506	2,950
Other receivables	568	614
Inventories:
Leaf tobacco	2,248	2,318
Other raw materials	1,584	1,405
Finished product	4,423	5,081
Total inventory, net	8,255	8,804
Other current assets	826	481
Total current assets	17,163	19,442
Property, plant and equipment, at cost	14,534	14,557
Less: accumulated depreciation	7,617	7,356
Total property, plant and equipment, net	6,917	7,201
Goodwill (Note 4)	5,828	7,189
Other intangible assets, net (Note 4)	2,130	2,278
Investments in unconsolidated subsidiaries and equity securities (Notes 11&14)	4,665	1,269
Deferred income taxes	1,042	977
Other assets	2,178	1,445
TOTAL ASSETS	39,923	39,801
LIABILITIES
Short-term borrowings (Note 10)	269	730
Current portion of long-term debt (Note 10)	4,762	4,054
Accounts payable	1,708	2,068
Accrued liabilities:
Marketing and selling	636	732
Taxes, except income taxes	5,780	5,088
Employment costs	748	794
Dividends payable	1,784	1,783
Other	1,765	1,366
Income taxes	594	576
Total current liabilities	18,046	17,191
Long-term debt (Note 10)	24,858	26,975
Deferred income taxes	786	898
Employment costs	2,952	3,083
Income taxes and other liabilities	2,690	2,393
Total liabilities	49,332	50,540
Contingencies (Note 8)
STOCKHOLDERS’ (DEFICIT) EQUITY
Common stock, no par value (2,109,316,331 shares issued in 2019 and 2018)	0	0
Additional paid-in capital	1,948	1,939
Earnings reinvested in the business	31,128	31,014
Accumulated other comprehensive losses	(9,051)	(10,111)
Total stockholders' equity before treasury stock	24,025	22,842
Less: cost of repurchased stock (553,488,723 and 554,736,610 shares in 2019 and 2018, respectively)	35,224	35,301
Total PMI stockholders’ deficit	(11,199)	(12,459)
Noncontrolling interests	1,790	1,720
Total stockholders’ deficit	(9,409)	(10,739)
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	$ 39,923	$ 39,801