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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 6,507 $ 6,593
Trade receivables (less allowances of $27 in 2019 and $25 in 2018) 3,073 2,950
Other receivables 656 614
Inventories:    
Leaf tobacco 2,081 2,318
Other raw materials 1,514 1,405
Finished product 4,934 5,081
Total inventory, net 8,529 8,804
Other current assets 810 481
Total current assets 19,575 19,442
Property, plant and equipment, at cost 14,164 14,557
Less: accumulated depreciation 7,528 7,356
Total property, plant and equipment, net 6,636 7,201
Goodwill (Note 4) 5,720 7,189
Other intangible assets, net (Note 4) 2,088 2,278
Investments in unconsolidated subsidiaries and equity securities (Notes 11&14) 4,499 1,269
Deferred income taxes 968 977
Other assets 1,934 1,445
TOTAL ASSETS 41,420 39,801
LIABILITIES    
Short-term borrowings (Note 10) 355 730
Current portion of long-term debt (Note 10) 5,035 4,054
Accounts payable 1,704 2,068
Accrued liabilities:    
Marketing and selling 677 732
Taxes, except income taxes 5,130 5,088
Employment costs 813 794
Dividends payable 1,831 1,783
Other 1,777 1,366
Income taxes 723 576
Total current liabilities 18,045 17,191
Long-term debt (Note 10) 26,426 26,975
Deferred income taxes 905 898
Employment costs 2,859 3,083
Income taxes and other liabilities 2,340 2,393
Total liabilities 50,575 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 1,981 1,939
Earnings reinvested in the business 31,197 31,014
Accumulated other comprehensive losses (8,966) (10,111)
Total stockholders' equity before treasury stock 24,212 22,842
Less: cost of repurchased stock (553,456,284 and 554,736,610 shares in 2019 and 2018, respectively) 35,222 35,301
Total PMI stockholders’ deficit (11,010) (12,459)
Noncontrolling interests 1,855 1,720
Total stockholders’ deficit (9,155) (10,739)
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY $ 41,420 $ 39,801