v3.24.0.1
Segment Reporting: (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Data
Net revenues by segment were as follows:
For the Years Ended December 31,
(in millions)202320222021
Net revenues:
Europe$13,598 $12,869 $13,155 
SSEA, CIS & MEA
10,629 10,467 9,858 
EA, AU & PMI DF
6,201 5,936 6,448 
Americas1,944 1,903 1,843 
Swedish Match2,496 316 — 
Wellness and Healthcare306 271 101 
Net revenues$35,174 $31,762 $31,405 
    
PMI's net revenues by product category were as follows:
For the Years Ended December 31,
(in millions)202320222021
Combustible tobacco products:
Europe$8,037 $7,694 $8,767 
SSEA, CIS & MEA
9,321 9,173 8,734 
EA, AU & PMI DF
2,676 2,831 2,861 
Americas1,869 1,804 1,706 
Swedish Match431 70 — 
Total combustible tobacco products22,334 21,572 22,067 
Smoke-free products:
Smoke-free products excluding Wellness and Healthcare:
Europe5,561 5,175 4,388 
SSEA, CIS & MEA
1,308 1,294 1,124 
EA, AU & PMI DF
3,525 3,105 3,587 
Americas75 99 137 
Swedish Match2,065 246 — 
Total smoke-free products excluding Wellness and Healthcare12,534 9,919 9,237 
Wellness and Healthcare306 271 101 
Total smoke-free products 12,840 10,190 9,338 
Total PMI net revenues$35,174 $31,762 $31,405 
Note: Sum of product categories or Regions might not foot to total PMI due to roundings.
Operating income (loss) by segment were as follows:
For the Years Ended December 31,
(in millions)
202320222021
Operating income (loss):
Europe$6,012 $5,802 $6,409 
SSEA, CIS & MEA
3,047 3,864 3,295 
EA, AU & PMI DF
2,481 2,424 2,836 
Americas62 436 487 
Swedish Match824 (22)— 
Wellness and Healthcare(870)(258)(52)
Operating income
$11,556 $12,246 $12,975 
Other Segment Data
Other segment data were as follows:
For the Years Ended December 31,
(in millions)
202320222021
Depreciation and amortization expense:
Europe$333 $377 $371 
SSEA, CIS & MEA309 340 354 
EA, AU & PMI DF148 167 168 
Americas77 74 71 
Swedish Match447 34 — 
Wellness and Healthcare84 85 34 
Total depreciation and amortization expense
$1,398 $1,077 $998 
For the Years Ended December 31,
(in millions)
202320222021
Capital expenditures:
Europe$778 $642 $481 
SSEA, CIS & MEA287 258 149 
EA, AU & PMI DF38 25 36 
Americas57 92 54 
Swedish Match127 15 — 
Wellness and Healthcare34 45 28 
Total capital expenditures
$1,321 $1,077 $748 

PMI’s total property, plant and equipment, net and other assets by geographic area were:
At December 31,
(in millions)
202320222021
Long-lived assets:
Europe$5,697 $5,179 $4,918 
SSEA, CIS & MEA2,197 2,047 2,181 
East Asia and Australia481 675 742 
Americas1,310 1,282 666 
Total long-lived assets9,685 9,183 8,507 
Altria Group, Inc. agreement2,777 1,002 — 
Financial instruments701 456 210 
Total property, plant and equipment, net and Other assets
$13,163 $10,641 $8,717