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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Sep. 30, 2020
Dec. 31, 2019
Cash Provided by (Used in) Operating Activities                
Net earnings (losses) $ (956)   $ (2,602) $ 2,532 $ 516      
Adjustments to reconcile net earnings (losses) to operating cash flows:                
Depreciation and amortization       192 163      
Deferred income tax provision (benefit)       (111) (261)      
(Earnings) losses from equity investments 472   (333) 306 (866)      
Dividends from ABI       108 221      
Loss on Cronos-related financial instruments 105   636 202 1,327      
Impairment of JUUL equity securities 2,600   4,500 2,600 4,500      
Asset impairment and exit costs, net of cash paid       (42) (33)      
Cash effects of changes:                
Receivables       1 (21)      
Inventories       136 147      
Accounts payable       24 (157)      
Income taxes       0 174      
Accrued liabilities and other current assets       (504) (359)      
Accrued settlement charges       (140) (360)      
Pension plan contributions       (16) (51)      
Pension provisions and postretirement, net       (35) (42)      
Other, net       (591) (376)      
Net cash provided by (used in) operating activities       5,844 5,274      
Cash Provided by (Used in) Investing Activities                
Capital expenditures       (162) (160)      
Investment in Cronos       0 (1,863)      
Acquisitions of businesses and assets       0 (421)      
Other, net       55 32      
Net cash provided by (used in) investing activities       (107) (2,412)      
Cash Provided by (Used in) Financing Activities                
Proceeds from short-term borrowings       3,000 0      
Repayment of short-term borrowings       (3,000) (12,800)      
Long-term debt issued       1,993 16,265      
Long-term debt repaid       (1,000) (1,144)      
Repurchases of common stock       0 (346)      
Dividends paid on common stock       (4,690) (4,498)      
Other, net       (16) (127)      
Net cash provided by (used in) financing activities       (3,713) (2,650)      
Cash, cash equivalents and restricted cash:                
Increase (decrease)       2,024 212      
Balance at beginning of period   $ 1,645   2,160 1,433 $ 1,433    
Balance at end of period 4,184 2,160 1,645 4,184 1,645 2,160    
Cash and cash equivalents             $ 4,123 $ 2,117
Restricted cash included in other current assets [1]             1 0
Restricted cash included in other assets [1]             60 43
Cash, cash equivalents and restricted cash $ 4,184 $ 2,160 $ 1,645 $ 2,160 $ 1,645 $ 2,160 $ 4,184 $ 2,160
[1] Restricted cash consisted of cash deposits collateralizing appeal bonds posted by PM USA to obtain stays of judgments pending appeals. See Note 12. Contingencies.