Acquisitions and Divestitures: (Tables)

12 Months Ended

Dec. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Business Combination, Purchase Price Allocation

The following table summarizes the preliminary purchase price allocation for the fair value of assets acquired and liabilities assumed as of the date of the acquisition, which includes previously held interest:


(in millions)
Cash and cash equivalent	$	74
Current assets, including receivables and inventories	11
Other intangible assets - Tobacco manufacturing license	211
Other non-current assets, including property, plant and equipment	16
Current liabilities	(8)
Identifiable net assets acquired	304
Noncontrolling interest	(160)
Goodwill	512
Acquisition fair value	$	656

The table below summarizes the final purchase price allocation for the fair value of assets acquired and liabilities assumed as of the acquisition date:


(in millions)	Final Purchase Price Allocation Recognized as of the acquisition date
Cash and cash equivalents	$	484
Trade receivables	135
Other receivables	53
Inventories	437
Other current assets	415
Property, plant and equipment	677
Other intangible assets	7,868
Other non-current assets	216
Current portion of long-term debt	224
Accounts payable	120
Other current liabilities	532
Income taxes	14
Long-term debt	1,121
Deferred income taxes	1,970
Other non-current liabilities	196
Identifiable net assets acquired	6,108
Noncontrolling interest	2,379
Goodwill	10,731
Total consideration transferred	$	14,460

Schedule of Intangible Assets Acquired as Part of Business Combination

Identifiable intangible assets of Swedish Match consist of:


	Type	Useful Life	Estimated Fair Value (in millions)
Trademarks	Non-amortizable		$	3,133
Trademarks	Amortizable	20 - 30 years	1,067
Developed technology, including patents		10 years	113
Customer relationships		6 - 15 years	3,555

Total identifiable intangible assets			$	7,868

Business Acquisition, Pro Forma Information

The unaudited pro forma financial information for the year ended December 31, 2022 is as follows:


(in millions)	2022
Net revenues	$	33,579
Net earnings attributable to PMI	$	8,779