Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 4,200	$ 6,861
Trade receivables (less allowances of $22 in 2020 and $20 in 2019)	3,344	3,080
Other receivables	600	637
Inventories:
Leaf tobacco	2,138	2,052
Other raw materials	1,958	1,596
Finished product	4,872	5,587
Total inventory, net	8,968	9,235
Other current assets	664	701
Total current assets	17,776	20,514
Property, plant and equipment, at cost	14,076	14,446
Less: accumulated depreciation	7,892	7,815
Total property, plant and equipment, net	6,184	6,631
Goodwill (Note 4)	5,653	5,858
Other intangible assets, net (Note 4)	1,948	2,113
Investments in unconsolidated subsidiaries and equity securities (Notes 11&14)	4,516	4,635
Deferred income taxes	1,159	1,153
Other assets	1,926	1,971
TOTAL ASSETS	39,162	42,875
LIABILITIES
Short-term borrowings (Note 10)	281	338
Current portion of long-term debt (Note 10)	2,304	4,051
Accounts payable	1,991	2,299
Accrued liabilities:
Marketing and selling	718	666
Taxes, except income taxes	5,293	5,837
Employment costs	928	1,042
Dividends payable	1,833	1,831
Other	1,656	1,973
Income taxes	788	796
Total current liabilities	15,792	18,833
Long-term debt (Note 10)	27,043	26,656
Deferred income taxes	775	908
Employment costs	3,547	3,634
Income taxes and other liabilities	2,125	2,443
Total liabilities	49,282	52,474
Contingencies (Note 8)
STOCKHOLDERS’ (DEFICIT) EQUITY
Common stock, no par value (2,109,316,331 shares issued in 2020 and 2019)	0	0
Additional paid-in capital	2,044	2,019
Earnings reinvested in the business	31,103	30,987
Accumulated other comprehensive losses	(10,009)	(9,363)
Total stockholders' equity before treasury stock	23,138	23,643
Less: cost of repurchased stock (552,032,954 and 553,421,668 shares in 2020 and 2019, respectively)	35,135	35,220
Total PMI stockholders’ deficit	(11,997)	(11,577)
Noncontrolling interests	1,877	1,978
Total stockholders’ deficit	(10,120)	(9,599)
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	$ 39,162	$ 42,875