ASSETS |
Cash and cash equivalents |
Receivables (less allowances of $59 in 2011 and $56 in 2010) |
Inventories: |
Leaf tobacco |
Other raw materials |
Finished product |
Total inventory, net |
Deferred income taxes |
Other current assets |
Total current assets |
Property, plant and equipment, at cost |
Less: accumulated depreciation |
Total property, plant and equipment, net |
Goodwill |
Other intangible assets, net |
Other assets |
TOTAL ASSETS |
LIABILITIES |
Short-term borrowings |
Current portion of long-term debt |
Accounts payable |
Accrued liabilities: |
Marketing and selling |
Taxes, except income taxes |
Employment costs |
Dividends payable |
Other |
Income taxes |
Deferred income taxes |
Total current liabilities |
Long-term debt |
Deferred income taxes |
Employment costs |
Other liabilities |
Total liabilities |
Contingencies (Note 10) |
Redeemable noncontrolling interest (Note 7) |
STOCKHOLDERS' EQUITY |
Common stock, no par value (2,109,316,331 shares issued in 2011 and 2010) |
Additional paid-in capital |
Earnings reinvested in the business |
Accumulated other comprehensive losses |
Total stockholders' equity before treasury stock |
Less: cost of repurchased stock (347,918,215 and 307,532,841 shares in 2011 and 2010, respectively) |
Total PMI stockholders' equity |
Noncontrolling interests |
Total stockholders' equity |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |