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

- Company: PHILIP MORRIS INTERNATIONAL INC. (PM)
- Period: As of 2025-12-31
- Filing: FY2025 10-K, filed 2026-02-06, accession number 0001628280-26-005939
- Page: https://plicit.ai/financials/pm/fy2025-annual-balance-sheet
- Chart image: https://plicit.ai/charts/pm-fy2025-annual-balance-sheet-sankey.png

## Chart details

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.