Item 6. Selected Financial Data

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Item 6. Selected Financial Data

(in millions of dollars, except per share data)



	2018		2017		2016		2015		2014
Summary of Operations:
Revenues including excise taxes	$	79,823	$	78,098	$	74,953	$	73,908	$	80,106
Excise taxes on products	50,198		49,350		48,268		47,114		50,339
Net revenues (1)	29,625		28,748		26,685		26,794		29,767
Operating income (1)	11,377		11,581		10,903		10,745		11,787
Net earnings attributable to PMI	7,911		6,035		6,967		6,873		7,493
Basic earnings per share	5.08		3.88		4.48		4.42		4.76
Diluted earnings per share	5.08		3.88		4.48		4.42		4.76
Dividends declared per share	4.49		4.22		4.12		4.04		3.88
Total assets	39,801		42,968		36,851		33,956		35,187
Long-term debt (2)	26,975		31,334		25,851		25,250		26,929
Total debt	31,759		34,339		29,067		28,480		29,455

(1) Certain prior years' amounts in the table above have been reclassified to conform with the current year's presentation, due primarily to new accounting guidance related to revenue recognition and pension costs. For further details, see Item 8, Note 2. Summary of Significant Accounting Policies - Revenue Recognition, Item 8, Note 13. Benefit Plans and Item 8, Note 21. New Accounting Standards.

(2) Excluding current portion of long-term debt.

This Selected Financial Data should be read in conjunction with Item 7 and Item 8.

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