What does international combustibles — goodwill (note 5) mean?

This represents the carrying value of goodwill specifically allocated to the international combustibles business segment. It reflects the premium paid over the fair value of net identifiable assets during acquisitions within the traditional cigarette and tobacco product lines. Changes in this balance typically result from impairment charges or adjustments to purchase price allocations.

Philip Morris International (PM) International Combustibles — Goodwill (Note 5)

Screener

Other segment segments

International Smoke-Free

$3.73B—

Similar metrics at other companies

UAAEMEA — Goodwill (Note 5)

$107.25M-2.9%

UAAAsia-Pacific — Goodwill (Note 5)

$76.59M+0.4%

UAANorth America — Goodwill (Note 5)

$309.49M0.0%

HRLInternational — Goodwill

$261.2M+2.2%

EFXInternational — Goodwill

$2.21B+4.0%

HAINInternational — Goodwill

$71.55M-70.8%

Other financials

Income statement

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Revenue$11.2B+10.4%

Gross profit$7.7B+11.6%

Operating income$4.5B+22.0%

Net income$2.8B-7.3%

EPS (diluted)$1.80-7.7%

Balance sheet

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Cash & equivalents$6.0B+44.3%

Total debt$49.2B-4.5%

Total equity-$8.6B+28.3%

Total assets$68.3B-0.3%

Cash flow

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Operating cash flow$5.5B+61.0%

CapEx$380.0M+6.7%

Free cash flow$5.1B+67.3%

Valuation

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Market cap$293.1B+11.4%

Enterprise value$336.29B+8.4%

P/E27×-2.9×

P/S6.9×+0.2×

Profitability

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Gross margin67.5%+1.1pp

Operating margin37.7%+1.5pp

Net margin25.6%+3.0pp

FCF margin29.9%+6.9pp

Returns & leverage

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Return on equity-105.8%—

Debt / equity-5.7×—

Current ratio1×+0.1×

Where this comes from

Reported directly by Philip Morris International in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: Philip Morris International’s 10-Q, filed July 24, 2026.

Filed: Jul 24, 2026, 6:44 AM EDT
Fiscal quarter: Q4 FY2026
Calendar quarter: Q4 2026
Accession: 0001628280-26-049493

(in millions)	International Smoke-Free	International Combustibles	U.S. (a)	Total
Balances, December 31, 2025	$3,913	$4,862	$8,489	$17,264
Changes due to:
Currency	(186)	(152)	(9)	(347)
Balances, June 30, 2026	$3,727	$4,710	$8,480	$16,917

Item 1. Financial Statements (Unaudited)

FAQ

What is Philip Morris International's international combustibles — goodwill (note 5)?: Philip Morris International (PM) reported international combustibles — goodwill (note 5) of $4.71B in Q2 2026.
What does international combustibles — goodwill (note 5) mean?: This represents the carrying value of goodwill specifically allocated to the international combustibles business segment. It reflects the premium paid over the fair value of net identifiable assets during acquisitions within the traditional cigarette and tobacco product lines. Changes in this balance typically result from impairment charges or adjustments to purchase price allocations.