Asset Impairment and Exit Costs: (Tables)

3 Months Ended

Mar. 31, 2024

Restructuring and Related Activities [Abstract]

Pre-Tax Asset Impairment and Exit Costs by Segment

PMI recorded the following pre-tax asset impairment and exit costs by segment:

(in millions)	For the Three Months Ended March 31,
	2024		2023
Reclassification of accumulated foreign currency translation losses from other comprehensive losses:
Americas	$	38	$	—
Total reclassification of accumulated foreign currency translation losses from other comprehensive losses	38		—
Contract termination charges:
Europe	—		34
SSEA, CIS & MEA	—		23
EA, AU & PMI DF	—		14
Americas	65		7
Total contract termination charges	65		78
Asset impairment charges:
Europe	—		13
SSEA, CIS & MEA	—		9
EA, AU & PMI DF	—		5
Americas	65		4
Total asset impairment charges	65		31
Asset impairment and exit costs	$	168	$	109

Movement in Exit Cost Liabilities

The movement in exit cost liabilities for the three months ended March 31, 2024 was as follows:

(in millions)
Liability balance, January 1, 2024	$	29
Charges, net	65
Cash spent	(20)
Prepaid commitments	(20)
Currency/other	(1)
Liability balance, March 31, 2024	$	53