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2011 Annual Report
2011 Highlights
Letter to Shareholders
Driving Shareholder Value
Our Focus Begins Here
World-Class Manufacturing
Research & Development
Product Development
Supply Chain
Marlboro
Flavor
Marlboro
Gold
Marlboro
Fresh
Other Brands
Marketing and Sales
Charitable Giving Programs
Business Highlights
2011 Business Highlights
European Union
Eastern Europe,
Middle East & Africa
Asia
Latin America & Canada
Board / Management
Board of Directors
Company Management
Shareholder Information
Complete Annual Report
2011 Highlights
Letter to Shareholders
Driving Shareholder Value
Charitable Giving Programs
Business Highlights
Board of Directors / Company Management
Shareholder Information
Complete Financial Review
Management's Discussion and Analysis of
Financial Condition and Results of Operations
Selected Financial Data — Five-Year Review
Consolidated Balance Sheets
Consolidated Statements of Earnings
Consolidated Statements of Stockholders' Equity
Consolidated Statements of Cash Flows
Notes to Consolidated Financial Statements
Report of Independent Registered Public Accounting Firm
Report of Managements on Internal Control Over Financial Reporting
Reconciliation of Non-GAAP Measures
Comparison of Cumulative Total Return
