Segment Information (Tables)

12 Months Ended

Dec. 31, 2013


(In millions)	Year Ended December 31, 2013
	Cigarettes		Electronic Cigarettes		Consolidating Adjustments			Total Lorillard

Net sales	$	6,720	$	230	$	—		$	6,950
Cost of sales		4,071		160		—			4,231

Gross profit		2,649		70		—			2,719
Selling, general and administrative		595		70		—			665

Operating income	$	2,054	$	—	$	—		$	2,054

Depreciation and amortization	$	44	$	6	$	—		$	50
Total assets	$	3,316	$	345	$	(125	)	$	3,536
Capital expenditures	$	61	$	1		—		$	62


(In millions)	Year Ended December 31, 2012
	Cigarettes		Electronic Cigarettes		Consolidating Adjustments			Total Lorillard

Net sales	$	6,562	$	61	$	—		$	6,623
Cost of sales		4,201		40		—			4,241

Gross profit		2,361		21		—			2,382
Selling, general and administrative		484		20		—			504

Operating income	$	1,877	$	1	$	—		$	1,878

Depreciation and amortization	$	38	$	1	$	—		$	39
Total assets	$	3,313	$	208	$	(125	)	$	3,396
Capital expenditures	$	74		—		—		$	74

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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