10-Q Filing

PHILIP MORRIS INTERNATIONAL INC. CIK: 1413329 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001413329-18-000023`
Period End Date	20180331
Filing Date	20180426
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	pm-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 98 Income Statement 38 Cash Flow Statement 62 Stockholders Equity 23 Comprehensive Income 26

Balance Sheet 98 line items

Line Item	Tag	Value	Unit	Period
Receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$25.00M	USD	Point-in-time
Receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$25.00M	USD	Point-in-time
Common stock, no par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.45B	USD	Point-in-time
Common stock, no par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.20B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	2.11B	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	2.11B	shares	Point-in-time
Trade receivables (less allowances of $25 in 2018 and $25 in 2017)	`AccountsReceivableNetCurrent`	$3.37B	USD	Point-in-time
Trade receivables (less allowances of $25 in 2018 and $25 in 2017)	`AccountsReceivableNetCurrent`	$3.19B	USD	Point-in-time
Repurchased stock, shares (in shares)	`TreasuryStockShares`	556.10M	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$544.00M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$521.00M	USD	Point-in-time
Repurchased stock, shares (in shares)	`TreasuryStockShares`	554.85M	shares	Point-in-time
Leaf tobacco	`InventoryLeafTobacco`	$2.61B	USD	Point-in-time
Leaf tobacco	`InventoryLeafTobacco`	$2.74B	USD	Point-in-time
Other raw materials	`InventoryRawMaterials`	$1.56B	USD	Point-in-time
Other raw materials	`InventoryRawMaterials`	$1.48B	USD	Point-in-time
Finished product	`InventoryFinishedGoods`	$4.37B	USD	Point-in-time
Finished product	`InventoryFinishedGoods`	$4.64B	USD	Point-in-time
Total inventory, net	`InventoryNet`	$8.59B	USD	Point-in-time
Total inventory, net	`InventoryNet`	$8.81B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$907.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$603.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.59B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.59B	USD	Point-in-time
Property, plant and equipment, at cost	`PropertyPlantAndEquipmentGross`	$14.57B	USD	Point-in-time
Property, plant and equipment, at cost	`PropertyPlantAndEquipmentGross`	$15.06B	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.60B	USD	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.29B	USD	Point-in-time
Total property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$7.46B	USD	Point-in-time
Total property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$7.27B	USD	Point-in-time
Goodwill	`Goodwill`	$7.67B	USD	Point-in-time
Goodwill	`Goodwill`	$7.67B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.46B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.43B	USD	Point-in-time
Investments in unconsolidated subsidiaries and equity securities	`EquityMethodInvestmentsAndEquitySecuritiesFVNI`	$1.07B	USD	Point-in-time
Investments in unconsolidated subsidiaries and equity securities	`EquityMethodInvestmentsAndEquitySecuritiesFVNI`	$1.40B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$1.01B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$1.15B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.35B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.92B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$42.97B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$43.07B	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$499.00M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$608.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$4.66B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.51B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.24B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.16B	USD	Point-in-time
Marketing and selling	`AccruedMarketingCostsCurrent`	$668.00M	USD	Point-in-time
Marketing and selling	`AccruedMarketingCostsCurrent`	$708.00M	USD	Point-in-time
Taxes, except income taxes	`SalesAndExciseTaxPayableCurrent`	$5.08B	USD	Point-in-time
Taxes, except income taxes	`SalesAndExciseTaxPayableCurrent`	$5.32B	USD	Point-in-time
Employment costs	`EmployeeRelatedLiabilitiesCurrent`	$856.00M	USD	Point-in-time
Employment costs	`EmployeeRelatedLiabilitiesCurrent`	$770.00M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$1.67B	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$1.68B	USD	Point-in-time
Other	`OtherAccruedLiabilitiesCurrent`	$1.56B	USD	Point-in-time
Other	`OtherAccruedLiabilitiesCurrent`	$1.35B	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$508.00M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$812.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.69B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.96B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$31.33B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$29.58B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$822.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$799.00M	USD	Point-in-time
Employment costs	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$2.27B	USD	Point-in-time
Employment costs	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$2.27B	USD	Point-in-time
Income taxes and other liabilities	`IncomeTaxesAndOtherLiabilitiesNoncurrent`	$3.19B	USD	Point-in-time
Income taxes and other liabilities	`IncomeTaxesAndOtherLiabilitiesNoncurrent`	$2.83B	USD	Point-in-time
Total liabilities	`Liabilities`	$53.20B	USD	Point-in-time
Total liabilities	`Liabilities`	$53.55B	USD	Point-in-time
Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, no par value (2,109,316,331 shares issued in 2018 and 2017)	`CommonStockValue`	-	USD	Point-in-time
Common stock, no par value (2,109,316,331 shares issued in 2018 and 2017)	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.97B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.86B	USD	Point-in-time
Earnings reinvested in the business	`RetainedEarningsAccumulatedDeficit`	$29.86B	USD	Point-in-time
Earnings reinvested in the business	`RetainedEarningsAccumulatedDeficit`	$29.98B	USD	Point-in-time
Accumulated other comprehensive losses	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.88B	USD	Point-in-time
Accumulated other comprehensive losses	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.54B	USD	Point-in-time
Total stockholders' equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$22.96B	USD	Point-in-time
Total stockholders' equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$23.30B	USD	Point-in-time
Less: cost of repurchased stock (554,850,007 and 556,098,569 shares in 2018 and 2017, respectively)	`TreasuryStockValue`	$35.31B	USD	Point-in-time
Less: cost of repurchased stock (554,850,007 and 556,098,569 shares in 2018 and 2017, respectively)	`TreasuryStockValue`	$35.38B	USD	Point-in-time
Total PMI stockholders deficit	`StockholdersEquity`	$-12.35B	USD	Point-in-time
Total PMI stockholders deficit	`StockholdersEquity`	$-12.09B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.86B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.87B	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.56B	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.23B	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.48B	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.90B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS (DEFICIT) EQUITY	`LiabilitiesAndStockholdersEquity`	$42.97B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS (DEFICIT) EQUITY	`LiabilitiesAndStockholdersEquity`	$43.07B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues including excise taxes	`RevenueFromContractWithCustomerIncludingAssessedTax`	$16.56B	USD	1 Quarter
Revenues including excise taxes	`RevenueFromContractWithCustomerIncludingAssessedTax`	$18.43B	USD	1 Quarter
Excise taxes on products	`ExciseAndSalesTaxes`	$10.49B	USD	1 Quarter
Excise taxes on products	`ExciseAndSalesTaxes`	$11.53B	USD	1 Quarter
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.06B	USD	1 Quarter
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.90B	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$2.62B	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$2.18B	USD	1 Quarter
Gross profit	`GrossProfit`	$3.89B	USD	1 Quarter
Gross profit	`GrossProfit`	$4.28B	USD	1 Quarter
Marketing, administration and research costs	`MarketingAdministrationAndResearchCosts`	$1.45B	USD	1 Quarter
Marketing, administration and research costs	`MarketingAdministrationAndResearchCosts`	$1.83B	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$22.00M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$22.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.43B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.42B	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-219.00M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-227.00M	USD	1 Quarter
Pension and other employee benefit costs	`NetPeriodicDefinedBenefitsExpenseReversalofExpenseExcludingServiceCostComponent`	$20.00M	USD	1 Quarter
Pension and other employee benefit costs	`NetPeriodicDefinedBenefitsExpenseReversalofExpenseExcludingServiceCostComponent`	$6.00M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.19B	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.18B	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$541.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$559.00M	USD	1 Quarter
Equity investments and securities (income)/loss, net	`IncomeLossFromEquityMethodInvestmentsAndEquitySecuritiesFVNI`	$13.00M	USD	1 Quarter
Equity investments and securities (income)/loss, net	`IncomeLossFromEquityMethodInvestmentsAndEquitySecuritiesFVNI`	$22.00M	USD	1 Quarter
Net earnings	`ProfitLoss`	$1.65B	USD	1 Quarter
Net earnings	`ProfitLoss`	$1.66B	USD	1 Quarter
Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$68.00M	USD	1 Quarter
Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$91.00M	USD	1 Quarter
Net earnings attributable to PMI	`NetIncomeLoss`	$1.59B	USD	1 Quarter
Net earnings attributable to PMI	`NetIncomeLoss`	$1.56B	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$1.00	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$1.02	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$1.02	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$1.00	USD	1 Quarter
Dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.07	USD	1 Quarter
Dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.04	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Restricted cash	`RestrictedCash`	$92.00M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$29.00M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$31.00M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$130.00M	USD	Point-in-time
Net earnings	`ProfitLoss`	$1.65B	USD	1 Quarter
Net earnings	`ProfitLoss`	$1.66B	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$197.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$242.00M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$27.00M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$26.00M	USD	1 Quarter
Receivables, net	`IncreaseDecreaseInReceivables`	$-504.00M	USD	1 Quarter
Receivables, net	`IncreaseDecreaseInReceivables`	$113.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.24B	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-338.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$84.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-62.00M	USD	1 Quarter
Accrued liabilities and other current assets	`IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentAssets`	$509.00M	USD	1 Quarter
Accrued liabilities and other current assets	`IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentAssets`	$2.21B	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-510.00M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-315.00M	USD	1 Quarter
Pension plan contributions	`PensionContributions`	$18.00M	USD	1 Quarter
Pension plan contributions	`PensionContributions`	$25.00M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$135.00M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-151.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.38B	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$843.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$292.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$365.00M	USD	1 Quarter
Investments in unconsolidated subsidiaries and equity securities	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$18.00M	USD	1 Quarter
Investments in unconsolidated subsidiaries and equity securities	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$5.00M	USD	1 Quarter
Net investment hedges	`PaymentsForProceedsFromHedgeInvestingActivities`	$665.00M	USD	1 Quarter
Net investment hedges	`PaymentsForProceedsFromHedgeInvestingActivities`	$254.00M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-8.00M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-30.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.02B	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-543.00M	USD	1 Quarter
Net issuances - maturities of 90 days or less	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$374.00M	USD	1 Quarter
Net issuances - maturities of 90 days or less	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$103.00M	USD	1 Quarter
Long-term debt proceeds	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Long-term debt proceeds	`ProceedsFromIssuanceOfLongTermDebt`	$2.48B	USD	1 Quarter
Long-term debt repaid	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Long-term debt repaid	`RepaymentsOfLongTermDebt`	$814.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$1.62B	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$1.66B	USD	1 Quarter
Sale (purchase) of subsidiary shares to/(from) noncontrolling interests	`ProceedsFromPaymentsToMinorityShareholders`	-	USD	1 Quarter
Sale (purchase) of subsidiary shares to/(from) noncontrolling interests	`ProceedsFromPaymentsToMinorityShareholders`	$-91.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-91.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-83.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.74B	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$341.00M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$131.00M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$234.00M	USD	1 Quarter
Increase (Decrease)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$875.00M	USD	1 Quarter
Increase (Decrease)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.25B	USD	1 Quarter
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.21B	USD	Point-in-time
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.33B	USD	Point-in-time
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.23B	USD	Point-in-time
Balance at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.48B	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.21B	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.33B	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.23B	USD	Point-in-time
Balance at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.48B	USD	Point-in-time

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.07	USD	1 Quarter
Dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.04	USD	1 Quarter
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.56B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.23B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.48B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.90B	USD	Point-in-time
Net earnings	`ProfitLoss`	$1.65B	USD	1 Quarter
Net earnings	`ProfitLoss`	$1.66B	USD	1 Quarter
Other comprehensive earnings (losses), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-383.00M	USD	1 Quarter
Other comprehensive earnings (losses), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$289.00M	USD	1 Quarter
Issuance of stock awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	$45.00M	USD	1 Quarter
Issuance of stock awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	$33.00M	USD	1 Quarter
Dividends declared ($1.04 and $1.07 per share for the three months ended March 31, 2017 and 2018, respectively)	`DividendsCommonStock`	$1.67B	USD	1 Quarter
Dividends declared ($1.04 and $1.07 per share for the three months ended March 31, 2017 and 2018, respectively)	`DividendsCommonStock`	$1.62B	USD	1 Quarter
Payments to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$17.00M	USD	1 Quarter
Payments to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$36.00M	USD	1 Quarter
Cumulative effect of initial adoption of new accounting standards	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$238.00M	USD	Point-in-time
Other	`StockholdersEquityOther`	-	USD	1 Quarter
Other	`StockholdersEquityOther`	$95.00M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.56B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.23B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.48B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-10.90B	USD	Point-in-time

Comprehensive Income 26 line items

Line Item	Tag	Value	Unit	Period
Income taxes on currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-192.00M	USD	1 Quarter
Income taxes on currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-156.00M	USD	1 Quarter
Net earnings	`ProfitLoss`	$1.65B	USD	1 Quarter
Net earnings	`ProfitLoss`	$1.66B	USD	1 Quarter
Income taxes on amortization of net losses, prior service costs and net transition costs	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax`	$9.00M	USD	1 Quarter
Income taxes on amortization of net losses, prior service costs and net transition costs	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax`	$11.00M	USD	1 Quarter
Income taxes on (loss)/gain recognized from fair value of derivatives accounted for as hedges	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-10.00M	USD	1 Quarter
Income taxes on (loss)/gain recognized from fair value of derivatives accounted for as hedges	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-11.00M	USD	1 Quarter
Unrealized gains (losses), net of income taxes of $192 in 2018 and $156 in 2017	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$303.00M	USD	1 Quarter
Income taxes on loss/(gain) transferred to earnings from fair value of derivatives accounted for as hedges	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	$-1.00M	USD	1 Quarter
Income taxes on loss/(gain) transferred to earnings from fair value of derivatives accounted for as hedges	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	$2.00M	USD	1 Quarter
Unrealized gains (losses), net of income taxes of $192 in 2018 and $156 in 2017	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-371.00M	USD	1 Quarter
Amortization of net losses, prior service costs and net transition costs, net of income taxes of ($11) in 2018 and ($9) in 2017	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$50.00M	USD	1 Quarter
Amortization of net losses, prior service costs and net transition costs, net of income taxes of ($11) in 2018 and ($9) in 2017	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$56.00M	USD	1 Quarter
Gains (losses) recognized, net of income taxes of $10 in 2018 and $11 in 2017	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-64.00M	USD	1 Quarter
Gains (losses) recognized, net of income taxes of $10 in 2018 and $11 in 2017	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-75.00M	USD	1 Quarter
(Gains) losses transferred to earnings, net of income taxes of ($1) in 2018 and $2 in 2017	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-5.00M	USD	1 Quarter
(Gains) losses transferred to earnings, net of income taxes of ($1) in 2018 and $2 in 2017	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-2.00M	USD	1 Quarter
Total other comprehensive earnings (losses)	`OtherComprehensiveIncomeLossNetOfTax`	$-383.00M	USD	1 Quarter
Total other comprehensive earnings (losses)	`OtherComprehensiveIncomeLossNetOfTax`	$289.00M	USD	1 Quarter
Total comprehensive earnings	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	1 Quarter
Total comprehensive earnings	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.95B	USD	1 Quarter
Noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$56.00M	USD	1 Quarter
Noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$63.00M	USD	1 Quarter
Comprehensive earnings attributable to PMI	`ComprehensiveIncomeNetOfTax`	$1.21B	USD	1 Quarter
Comprehensive earnings attributable to PMI	`ComprehensiveIncomeNetOfTax`	$1.88B	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.