Revenue
Cost
Profit
| Item | Category | Value | YoY |
|---|---|---|---|
| Net revenues | revenue | 10.15B | 9.09% |
| Gross profit | profit | 6.91B | 10.13% |
| Cost of sales | cost | 3.24B | 6.93% |
| Total pension and other employee benefit (income) costs | cost | 5.00M | -58.33% |
| Operating income | profit | 3.89B | 9.85% |
| Marketing, administration and research costs (notes 1 & 15) | cost | 2.86B | 17.67% |
| Corporate expenses and other (note 1) | cost | 155.00M | -47.99% |
| Aggregate | revenue | 3.90B | |
| Earnings before income taxes | profit | 3.66B | 11.24% |
| Interest income (expense), nonoperating | revenue | 237.00M | -1.66% |
| Net earnings | profit | 2.58B | -8.99% |
| Provision for income taxes | cost | 676.00M | 2.58% |
| Income (loss) from equity method investments | revenue | 403.00M | 96.59% |
| Net earnings attributable to pmi | profit | 2.44B | -9.37% |
| Net earnings attributable to noncontrolling interests | cost | 144.00M | -2.04% |
| Segment | Value | YoY |
|---|---|---|
| International Combustibles | 5.69B | 6.80% |
| International Smoke-Free | 3.84B | 24.71% |
| U.S. | 622.00M | -30.81% |
| Segment | Value | YoY |
|---|---|---|
| Combustible Tobacco Products | 5.77B | 6.66% |
| Smoke-Free Products | 4.38B | 12.43% |
| Item | Category | Value | YoY |
|---|---|---|---|
| Finished product | assets | 6.35B | |
| Inventory leaf tobacco | assets | 2.56B | |
| Other raw materials | assets | 2.47B | |
| Total inventory, net | assets | 11.39B | |
| Property, plant and equipment, at cost | assets | 19.45B | |
| Cash and cash equivalents | assets | 5.45B | |
| Trade receivables | assets | 5.12B | |
| Other assets, current | assets | 2.37B | |
| Other receivables (less allowances of $24 in 2026 and $24 in 2025) | assets | 1.27B | |
| Total current assets | assets | 25.60B | |
| Less: accumulated depreciation | assets | 11.19B | |
| Total property, plant and equipment, net | assets | 8.26B | |
| Goodwill (note 5) | assets | 17.07B | |
| Total other intangible assets, net | assets | 10.51B | |
| Other assets | assets | 3.80B | |
| Equity investments (note 13) | assets | 2.48B | |
| Deferred income taxes | assets | 1.20B | |
| Total assets | assets | 68.91B | |
| Total liabilities | liabilities | 76.21B | |
| Long-term debt (note 11) | liabilities | 43.81B | |
| Total current liabilities | liabilities | 26.22B | |
| Liability, pension and other postretirement and postemployment benefits, noncurrent | liabilities | 2.34B | |
| Deferred income tax liabilities, net | liabilities | 2.01B | |
| Other liabilities, noncurrent | liabilities | 1.83B | |
| Short-term borrowings (note 11) | liabilities | 5.69B | |
| Taxes, except income taxes | liabilities | 5.11B | |
| Payables | liabilities | 3.93B | |
| Other accrued liabilities, current | liabilities | 3.12B | |
| Current portion of long-term debt (note 11) | liabilities | 2.45B | |
| Dividends payable | liabilities | 2.31B | |
| Marketing and selling | liabilities | 1.30B | |
| Employee-related liabilities, current | liabilities | 1.23B | |
| Accrued income taxes, current | liabilities | 1.09B |
| Item | Value |
|---|---|
| Net earnings | 2.58B |
| Depreciation and amortization expense | 510.00M |
| Increase (decrease) in other operating assets and liabilities, net | 482.00M |
| Restructuring charges, net of cash paid (note 15) | -3.00M |
| Increase (decrease) in inventories | -11.00M |
| Pension plan contributions (note 4) | -30.00M |
| Deferred income tax (benefit) provision | -67.00M |
| Increase (decrease) in income taxes payable | -171.00M |
| Increase (decrease) in accounts payable | -317.00M |
| Increase (decrease) in receivables | -640.00M |
| Increase decrease in accrued liabilities and other current assets | -2.73B |
| Item | Value |
|---|---|
| Collateral posted/settlements for derivatives, (paid)/returned (note 6) | 314.00M |
| Sales and maturities of debt securities | 95.00M |
| Payments to acquire debt securities, available-for-sale | -5.00M |
| Payment for (proceeds from) other investing activity | -19.00M |
| Payments to acquire equity method investments | -35.00M |
| Payments to acquire property, plant, and equipment | -353.00M |
| Item | Value |
|---|---|
| Net issuances (repayments) - maturities of 90 days or less | 4.53B |
| Issuances - maturities longer than 90 days | 993.00M |
| Collateral received/settlements for derivatives, received/(returned) | 138.00M |
| Noncontrolling interests activity and other | -116.00M |
| Repayments of long-term debt | -2.14B |
| Payments of dividends | -2.31B |
| Item | Value |
|---|---|
| Cash and cash equivalents, beginning of period | 4.89B |
| Cash and cash equivalents, end of period | 5.47B |
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