What is Philip Morris International's U.S. — currency?

Philip Morris International (PM) reported U.S. — currency of -$1M in Q2 2026.

What does U.S. — currency mean?

This identifies the functional currency used for financial reporting and transaction settlement within the U.S. business segment. It serves as the base unit of measure for all revenue, expense, and asset valuations recorded in this geographic region. Understanding the reporting currency is critical for evaluating exposure to foreign exchange volatility and translation risks.

Philip Morris International (PM) U.S. — Currency

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Similar metrics at other companies

APDEurope — Currency translation

-$11.2M—

APDAmericas — Currency translation

$2.7M+164%

APDAsia — Currency translation

-$500K+68.8%

GPCIndustrial — Foreign currency translation

$2.49M+160%

LIVNCardiopulmonary — Foreign currency adjustments

-$6.45M-120%

LIVNNeuromodulation — Foreign currency adjustments

$0—

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$295.47B+11.4%

Enterprise value$338.65B+8.4%

P/E27.2×-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:GoodwillTranslationAndPurchaseAccountingAdjustments.

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 U.S. — currency?: Philip Morris International (PM) reported U.S. — currency of -$1M in Q2 2026.
What does U.S. — currency mean?: This identifies the functional currency used for financial reporting and transaction settlement within the U.S. business segment. It serves as the base unit of measure for all revenue, expense, and asset valuations recorded in this geographic region. Understanding the reporting currency is critical for evaluating exposure to foreign exchange volatility and translation risks.

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Philip Morris International PM U.S. — Currency

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Other financials

Income statement

Balance sheet

Cash flow

Valuation

Profitability

Returns & leverage

Where this comes from

FAQ

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