Income StatementBalance SheetCash FlowSegments
Philip Morris International logo

Philip Morris International Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Philip Morris International holds $68.9B in total assets. Shareholders' equity is -$9.3B against $57.7B in total debt. Cash and equivalents total $5.5B. The current ratio is 0.976 and debt-to-equity is -6.22. Based on the Q1 2026 filing.

Total Assets$68.9BTotal Stockholders Equity-$9.3BLong Term Debt$46.3BCash And Equivalents$5.5BTotal Current Assets$25.6BTotal Current Liabilities$26.2B
Latest FilingQ1 2026
Report Date2026-04-24
Market Cap$294.55B
P/E Ratio26.55
ROE-109.97%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$4.0B$3.7B$3.9B$4.0B$4.4B$3.9B
Accrued Manufacturing Costs$1.3B$1.0B$1.3B$1.4B$1.5B$1.2B
Accrued Income Taxes, Current$1.3B$1.3B$786.0M$835.0M$1.3B$1.1B
Compensation and benefits$1.3B$1.0B$1.3B$1.4B$1.5B$1.2B
Current portion of long-term debt$137.0M$4.4B$2.5B$1.9B$168.0M$5.7B
Current Portion of Long-Term Debt and Finance Lease Obligations$3.4B$6.4B$6.5B$6.3B$3.5B$2.4B
Derivative Liabilities - Fair Value$11.0M$14.0M$422.0M$115.0M$157.0M$1.0M
Derivative Liabilities - Not Offset Policy Election Deduction$218.0M$452.0M$495.0M$461.0M$444.0M$595.0M
Dividends payable$2.1B$2.1B$2.1B$2.3B$2.3B$2.3B
Finance Lease Liability, Current$37.0M———$35.0M—
Income taxes payable$1.3B$1.3B$786.0M$835.0M$1.3B-$171.0M
Short-term borrowings$137.0M$4.4B$2.5B$1.9B$168.0M$5.7B
Total current liabilities$22.9B$28.1B$28.1B$26.7B$25.4B$26.2B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$3.8B$4.9B$5.0B$4.8B$4.6B$5.1B
Cash and cash equivalents$4.3B$4.5B$4.2B$4.1B$4.9B$5.5B
Finished goods$5.1B$5.3B$5.7B$5.3B$6.8B$6.4B
Other current assets$1.8B$1.8B$2.6B$2.5B$2.2B$2.4B
Other accounts receivable (net of allowances of $37 in 2026 and $37 in 2025)$886.0M$913.0M$895.0M$1.0B$1.2B$1.3B
Derivative Assets - Fair Value$1.4B$855.0M$632.0M$643.0M$653.0M$1.1B
Financing Receivables—$2.0$2.0$2.0—$2.0
Raw materials$2.3B$2.6B$2.8B$2.7B$2.2B$2.5B
Inventories$9.5B$10.1B$10.7B$10.3B$11.5B$11.4B
Restricted cash$38.0M$33.0M$38.0M$24.0M$20.0M$20.0M
Total current assets$20.2B$22.2B$23.4B$22.7B$24.4B$25.6B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated Goodwill Impairment Losses————$556.0M$556.0M
Deferred tax assets$940.0M$1.3B$1.1B$1.1B$1.2B-$67.0M
Deferred Tax Assets and Other Non-Current Assets$2.8B$2.9B$4.0B$3.8B$4.1B$3.8B
Goodwill$16.6B$16.9B$17.2B$17.2B$17.3B$17.1B
Indefinite-Lived Intangible Assets$4.4B$4.6B$4.7B$4.7B$4.8B$4.7B
Indefinite-Lived Intangible Assets, Gross$4.4B$4.6B$4.7B$4.7B$4.8B$4.7B
Indefinite-Lived Research and Development Assets$4.4B$4.6B$4.7B$4.7B$4.8B$4.7B
Indefinite-Lived Trademarks$4.4B$4.6B$4.7B$4.7B$4.8B$4.7B
Deferred tax assets$940.0M$1.3B$1.1B$1.1B$1.2B$1.2B
Intangible assets — net————$6.1B$5.8B
Other intangible assets—net$11.3B$11.3B$11.4B$11.1B$10.9B$10.5B
Investments$2.7B$3.0B$3.4B$3.1B$2.9B$2.5B
Machinery and equipment$10.6B———$12.5B—
Other non-current assets$2.8B$2.9B$4.0B$3.8B$4.1B$3.8B
Property, plant and equipment, net$7.3B$7.5B$8.0B$8.1B$8.4B$8.3B
Non-current Accounts Receivable Allowances$26.0M$27.0M$29.0M$12.0M$12.0M$12.0M
Accumulated depreciation$9.4B$9.9B$11.0B$11.1B$11.2B$11.2B
Buildings and improvements$4.4B———$5.1B—
Construction in progress$1.1B———$1.5B—
Land$581.0M———$562.0M—
Machinery and equipment$10.6B———$12.5B—
Total property and equipment, gross$16.7B$17.4B$19.0B$19.2B$19.6B$19.5B
Software and Technology Licenses, Net$2.8B$2.9B$4.0B$3.8B$4.1B$3.8B
Total assets$61.8B$65.1B$68.5B$67.1B$69.2B$68.9B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregate Notional Principal Outstanding$44.1B$48.7B$52.3B$52.8B$50.0B$54.2B
Gross Assets/Liabilities$247.0M$558.0M$2.7B$2.2B$2.0B$1.2B
Guarantor Obligations - Maximum Exposure—$385.0M$385.0M$385.0M—$385.0M
Trade receivable (in arrangements)—$2.0$2.0$2.0—$2.0
Allowance for doubtful accounts$47.0M$42.0M$35.0M$25.0M$23.0M$40.0M
Other assets, allowances$26.0M$27.0M$29.0M$12.0M$12.0M$12.0M
Other accounts receivable, allowances————$24.0M$24.0M
Common stock, shares issued (in shares)2.1B2.1B2.1B2.1B2.1B2.1B
Construction work in progress$1.1B———$1.5B—
Deferred income taxes$2.5B$2.8B$2.2B$2.0B$2.1B$2.0B
Anticipated additional employer contributions during the remainder of the current fiscal year—$121.0M$102.0M$68.0M—$115.0M
Potential reduction in net position of total derivative assets————$444.0M$595.0M
Margin cash collateral received from counterparties that was not offset against derivative assets————$183.0M$311.0M
Margin cash collateral provided to counterparties that was not offset against derivative assets or liabilities————$1.4B$586.0M
Derivative, gross, assets$1.4B$855.0M$632.0M$643.0M$653.0M$1.1B
Derivative Asset, Including Not Subject to Master Netting Arrangement, after Offset and Deduction$337.0M$115.0M$61.0M$91.0M$26.0M$150.0M
Derivatives, gross, liabilities$247.0M$558.0M$2.7B$2.2B$2.0B$1.2B
Derivative Liability, Including Not Subject to Master Netting Arrangement, after Offset and Deduction$11.0M$14.0M$422.0M$115.0M$157.0M$1.0M
Potential reduction in net position of total derivative liabilities$218.0M$452.0M$495.0M$461.0M$444.0M$595.0M
Notional$44.1B$48.7B$52.3B$52.8B$50.0B$54.2B
Difference between equity method investment carrying value and book value————$1.0B$1.0B
Equity method investments (Note 11)$1.0B$1.1B$1.1B$977.0M$1.0B$1.0B
Current maturities of long-term debt$37.0M———$35.0M—
Finite-Lived Intangible Assets, Accumulated Amortization$2.1B$2.3B$2.6B$2.9B$3.1B$3.4B
2028—$994.0M$997.0M$996.0M—$1.0B
2030—$994.0M$997.0M$996.0M—$1.0B
2031—$994.0M$997.0M$996.0M—$1.0B
2027—$994.0M$997.0M$996.0M—$1.0B
2029—$994.0M$997.0M$996.0M—$1.0B
Gross Carrying Amount————$9.2B$9.2B
Goodwill accumulated impairment losses————$556.0M$556.0M
Value of financial guarantee (up to)—$385.0M$385.0M$385.0M—$385.0M
Carrying values of hedged liabilities—————$5.1B
Cumulative amount of fair value hedging adjustment—————-$21.0M
Trademarks$4.4B$4.6B$4.7B$4.7B$4.8B$4.7B
Indefinite- lived intangible impairment$13.4B$13.7B$14.0B$14.0B$14.0B$13.9B
Committed Revolving Credit Facilities—$6.1B$6.3B$6.3B—$6.2B
Long-Term Debt and Lease Obligation$42.2B$38.8B$42.4B$41.9B$45.1B$43.8B
Less: current maturities$3.4B$6.4B$6.5B$6.3B$3.5B$2.4B
Noncontrolling interests in subsidiaries$1.9B$2.0B$2.0B$1.9B$2.0B$2.0B
Other accrued liabilities$2.8B$2.5B$3.6B$3.2B$3.3B$3.1B
Restructuring Reserve$28.0M$26.0M$161.0M$124.0M$115.0M$102.0M
Stockholders' Equity before Treasury Stock$23.9B$24.7B$23.6B$24.6B$25.6B$26.2B
Trade receivables sold and derecognized that remain uncollected—$600.0M———$600.0M
Treasury stock, shares (in shares)554.5M552.8M552.7M552.7M552.7M550.8M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$11.3B-$11.1B-$13.2B-$13.3B-$12.3B-$11.8B
Additional paid-in capital$2.3B$2.3B$2.4B$2.4B$2.5B$2.4B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$0.0$0.0$0.0$0.0$0.0$0.0
Treasury Stock, Value$35.6B$35.6B$35.6B$35.6B$35.6B$35.5B
Retained earnings$32.9B$33.4B$34.4B$35.6B$35.4B$35.5B
Total liabilities and stockholders' equity$61.8B$65.1B$68.5B$67.1B$69.2B$68.9B
Total stockholders' equity-$11.8B-$10.9B-$12.0B-$10.9B-$10.0B-$9.3B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Defined Benefit Pension Plan Liabilities (Non-Current)$2.9B$3.0B$3.3B$3.2B$2.4B$2.3B
Finance lease liabilities$30.0M$64.0M$93.0M$92.0M$49.0M$88.0M
Finance Lease Liabilities (Total)$67.0M$64.0M$93.0M$92.0M$84.0M$88.0M
Long-term debt$45.6B$45.1B$48.9B$48.2B$48.7B$46.3B
Long-Term Debt and Finance Lease Obligations$42.2B$38.8B$42.4B$41.9B$45.1B$43.8B
Marketing and selling$1.0B$949.0M$1.2B$1.4B$1.4B$1.3B
Liability, Pension and Other Postretirement and Postemployment Benefits, Noncurrent$2.9B$3.0B$3.3B$3.2B$2.4B$2.3B
Taxes, except income taxes————$7.6B$5.1B
Other non-current liabilities$1.1B$1.3B$2.5B$2.2B$2.2B$1.8B
Secured Borrowings Cash Right to Reclaim$18.0M$92.0M$1.8B$1.6B$1.4B$586.0M
Total liabilities$71.7B$74.0B$78.5B$76.0B$77.2B$76.2B