# PHILIP MORRIS INTERNATIONAL INC. (PM) FY2024 Annual Balance Sheet

- Company: PHILIP MORRIS INTERNATIONAL INC. (PM)
- Period: As of 2024-12-31
- Filing: FY2024 10-K, filed 2025-02-06, accession number 0001413329-25-000013
- Page: https://plicit.ai/financials/pm/fy2024-annual-balance-sheet
- Chart image: https://plicit.ai/charts/pm-fy2024-annual-balance-sheet-sankey.png

## Chart details

Balance sheet as of 2024-12-31. The chart shows assets, liabilities and equity at that date.

- **Assets**: 61,784,000,000 US dollars
- **Current assets**: 20,170,000,000 US dollars
- **Non-current assets**: 41,614,000,000 US dollars
- **Liabilities**: 71,654,000,000 US dollars
- **Current liabilities**: 22,915,000,000 US dollars
- **Non-current liabilities**: 48,739,000,000 US dollars
- **Equity**: negative 9,870,000,000 US dollars
- **Noncontrolling interest**: 1,880,000,000 US dollars. Included in consolidated equity; this amount is not added again.
- **Less: accumulated depreciation**: negative 9,375,000,000 US dollars. Part of Property plant and equipment, net, drawn as one net amount.
- **Buildings and building equipment**: 4,391,000,000 US dollars. Part of Property plant and equipment, net, drawn as one net amount.
- **Machinery and equipment**: 10,632,000,000 US dollars. Part of Property plant and equipment, net, drawn as one net amount.
- **Construction in progress**: 1,081,000,000 US dollars. Part of Property plant and equipment, net, drawn as one net amount.
- **Land and land improvements**: 581,000,000 US dollars. Part of Property plant and equipment, net, drawn as one net amount.
- **Finished product**: 5,112,000,000 US dollars
- **Cash and cash equivalents**: 4,216,000,000 US dollars
- **Trade receivables (less allowances of $47 in 2024 and $79 in 2023)**: 3,789,000,000 US dollars
- **Other raw materials**: 2,261,000,000 US dollars
- **Leaf tobacco**: 2,080,000,000 US dollars
- **Other current assets**: 1,826,000,000 US dollars
- **Other receivables (less allowances of $22 in 2024 and $35 in 2023)**: 886,000,000 US dollars
- **Goodwill (Note 5)**: 16,600,000,000 US dollars
- **Other intangible assets, net (Note 5)**: 11,327,000,000 US dollars
- **Property plant and equipment, net**: 7,310,000,000 US dollars
- **Other assets (less allowances of $26 in 2024 and $25 in 2023) (Note 3)**: 2,783,000,000 US dollars
- **Equity investments (Note 6)**: 2,654,000,000 US dollars
- **Deferred income taxes**: 940,000,000 US dollars
- **Taxes, except income taxes**: 6,904,000,000 US dollars
- **Accounts payable**: 3,952,000,000 US dollars
- **Current portion of long-term debt (Note 8)**: 3,392,000,000 US dollars
- **Other**: 2,832,000,000 US dollars
- **Dividends payable**: 2,120,000,000 US dollars
- **Employment costs**: 1,305,000,000 US dollars
- **Income taxes**: 1,258,000,000 US dollars
- **Marketing and selling**: 1,015,000,000 US dollars
- **Short-term borrowings (Note 8)**: 137,000,000 US dollars
- **Long-term debt (Note 8)**: 42,166,000,000 US dollars
- **Employment costs**: 2,940,000,000 US dollars
- **Deferred income taxes**: 2,517,000,000 US dollars
- **Income taxes and other liabilities (Note 12)**: 1,116,000,000 US dollars
- **Earnings reinvested in the business**: 32,869,000,000 US dollars
- **Additional paid-in capital**: 2,335,000,000 US dollars
- **Common stock, no par value (2,109,316,331 shares issued in 2024 and 2023) (Note 9)**: 0 US dollars
- **Noncontrolling interests**: 1,880,000,000 US dollars
- **Less: cost of repurchased stock (554,470,731 and 556,891,800 shares in 2024 and 2023, respectively)**: negative 35,640,000,000 US dollars
- **Accumulated other comprehensive losses (Note 17)**: negative 11,314,000,000 US dollars

### Chart connections

- Assets equal liabilities plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
- Treasury shares and other negative equity contributions reduce equity.