v3.25.0.1
Segment Reporting: (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Data
Net revenues, significant expenses, and operating income (loss) by segment were as follows:
(in millions) EuropeSSEA, CIS & MEAEA, AU & PMI DFAmericasWellness & HealthcareTotal

For the Year Ended December 31, 2024
Net revenues$15,357 $11,261 $6,393 $4,534 $333 $37,878 
Less:
Cost of sales4,206 5,313 2,011 1,531 268 13,329 
Marketing, administration and research costs4,213 2,519 1,504 2,455 456 11,147 
Operating income (loss)$6,938 $3,429 $2,878 $548 $(391)$13,402 

For the Year Ended December 31, 2023
Net revenues$14,231 $10,629 $6,201 $3,807 $306 $35,174 
Less:
Cost of sales4,045 5,109 1,978 1,485 276 12,893 
Marketing, administration and research costs4,017 2,384 1,684 1,740 235 10,060 
Impairment of goodwill— — — — 665 665 
Operating income (loss)$6,169 $3,136 $2,539 $582 $(870)$11,556 

For the Year Ended December 31, 2022
Net revenues$12,972 $10,467 $5,936 $2,116 $271 $31,762 
Less:
Cost of sales3,656 4,343 2,026 1,036 341 11,402 
Marketing, administration and research costs3,540 2,260 1,486 640 188 8,114 
Operating income (loss)$5,776 $3,864 $2,424 $440 $(258)$12,246 
PMI's net revenues by product category were as follows:
For the Years Ended December 31,
(in millions)202420232022
Combustible tobacco:
Europe$8,599 $8,037 $7,694 
SSEA, CIS & MEA
9,848 9,321 9,173 
EA, AU & PMI DF
2,516 2,676 2,831 
Americas2,255 2,299 1,874 
Total combustible tobacco23,218 22,334 21,572 
Smoke-free:
Smoke-free excluding Wellness and Healthcare:
Europe6,758 6,194 5,278 
SSEA, CIS & MEA
1,413 1,308 1,294 
EA, AU & PMI DF
3,877 3,525 3,105 
Americas2,279 1,508 242 
Total Smoke-free excluding Wellness and Healthcare14,327 12,534 9,919 
Wellness and Healthcare333 306 271 
Total Smoke-free14,660 12,840 10,190 
Total PMI net revenues$37,878 $35,174 $31,762 
Note: Sum of product categories or Regions might not foot to total PMI due to rounding.
Other Segment Data
Other segment data were as follows:
For the Years Ended December 31,
(in millions)
202420232022
Depreciation and amortization expense:
Europe$492 $479 $388 
SSEA, CIS & MEA304 304 340 
EA, AU & PMI DF173 144 167 
Americas748 387 97 
Wellness & Healthcare70 84 85 
Total depreciation and amortization expense
$1,787 $1,398 $1,077 
For the Years Ended December 31,
(in millions)
202420232022
Capital expenditures:
Europe$783 $905 $657 
SSEA, CIS & MEA306 287 258 
EA, AU & PMI DF22 38 25 
Americas280 57 92 
Wellness & Healthcare53 34 45 
Total capital expenditures
$1,444 $1,321 $1,077 

PMI’s total property, plant and equipment, net and other assets by geographic area were:
At December 31,
(in millions)
202420232022
Long-lived assets:
Europe$5,540 $5,697 $5,179 
SSEA, CIS & MEA2,160 2,197 2,047 
East Asia and Australia378 481 675 
Americas1,559 1,310 1,282 
Total long-lived assets9,637 9,685 9,183 
Altria Group, Inc. agreement— 2,777 1,002 
Financial instruments456 701 456 
Total property, plant and equipment, net and Other assets
$10,093 $13,163 $10,641