PHILIP MORRIS INTERNATIONAL INC. (PM) FY2025 Annual Balance Sheet

PHILIP MORRIS INTERNATIONAL INC. (PM) FY2025 Annual Balance Sheet

Balance sheet as of 2025-12-31. The chart shows assets, liabilities and equity at that date.

Assets

69,185,000,000 US dollars

Current assets

24,363,000,000 US dollars

Non-current assets

44,822,000,000 US dollars

Liabilities

77,213,000,000 US dollars

Current liabilities

25,427,000,000 US dollars

Non-current liabilities

51,786,000,000 US dollars

Equity

negative 8,028,000,000 US dollars

Noncontrolling interest

1,966,000,000 US dollars. Included in consolidated equity; this amount is not added again.

Less: accumulated depreciation

negative 11,219,000,000 US dollars. Part of Property plant and equipment, net, drawn as one net amount.

Buildings and building equipment

5,050,000,000 US dollars. Part of Property plant and equipment, net, drawn as one net amount.

Machinery and equipment

12,533,000,000 US dollars. Part of Property plant and equipment, net, drawn as one net amount.

Construction in progress

1,471,000,000 US dollars. Part of Property plant and equipment, net, drawn as one net amount.

Land and land improvements

562,000,000 US dollars. Part of Property plant and equipment, net, drawn as one net amount.

Finished product

6,830,000,000 US dollars

Cash and cash equivalents

4,872,000,000 US dollars

Trade receivables (less allowances of $23 in 2025 and $47 in 2024)

4,572,000,000 US dollars

Leaf tobacco

2,425,000,000 US dollars

Other raw materials

2,223,000,000 US dollars

Other current assets

2,203,000,000 US dollars

Other receivables (less allowances of $24 in 2025 and $22 in 2024)

1,238,000,000 US dollars

Goodwill (Note 4)

17,264,000,000 US dollars

Other intangible assets, net (Note 4)

10,884,000,000 US dollars

Property plant and equipment, net

8,397,000,000 US dollars

Other assets (less allowances of $12 in 2025 and $26 in 2024)

4,139,000,000 US dollars

Equity investments (Note 5)

2,891,000,000 US dollars

Deferred income taxes (Note 10)

1,247,000,000 US dollars

Taxes, except income taxes

7,555,000,000 US dollars

Accounts payable

4,407,000,000 US dollars

Current portion of long-term debt (Note 6)

3,533,000,000 US dollars

Other

3,298,000,000 US dollars

Dividends payable

2,312,000,000 US dollars

Employment costs

1,545,000,000 US dollars

Marketing and selling

1,354,000,000 US dollars

Income taxes

1,255,000,000 US dollars

Short-term borrowings (Note 6)

168,000,000 US dollars

Long-term debt (Note 6)

45,134,000,000 US dollars

Employment costs

2,406,000,000 US dollars

Other liabilities

2,181,000,000 US dollars

Deferred income taxes (Note 10)

2,065,000,000 US dollars

Earnings reinvested in the business

35,400,000,000 US dollars

Additional paid-in capital

2,453,000,000 US dollars

Common stock, no par value (2,109,316,331 shares issued in 2025 and 2024) (Note 7)

0 US dollars

Noncontrolling interests

1,966,000,000 US dollars

Less: cost of repurchased stock (552,659,642 and 554,470,731 shares in 2025 and 2024, respectively)

negative 35,551,000,000 US dollars

Accumulated other comprehensive losses (Note 15)

negative 12,296,000,000 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.